Vedanta : Earnings Presentation

VEDANTA LIMITED

INVESTOR PRESENTATION

May 12, 2023

4QFY23 Earnings

Presentation

Cautionary statement and disclaimer

The views expressed here may contain information derived from publicly available sources that have not been independently verified.

No representation or warranty is made as to the accuracy, completeness, reasonableness or reliability of this information. Any forward-looking information in this presentation including, without limitation, any tables, charts and/or graphs, has been prepared on the basis of a number of assumptions which may prove to be incorrect. This presentation should not be relied upon as a recommendation or forecast by Vedanta Resources Limited and Vedanta Limited and any of their subsidiaries. Past performance of Vedanta Resources Limited and Vedanta Limited and any of their subsidiaries cannot be relied upon as a guide to future performance.

This presentation contains 'forward-looking statements' - that is, statements related to future, not past, events. In this context, forward-looking statements often address our expected future business and financial performance, and often contain words such as 'expects,' 'anticipates,' 'intends,' 'plans,' 'believes,' 'seeks,' or 'will.' Forward-looking statements by their nature address matters that are, to different degrees, uncertain. For us, uncertainties arise from the behaviour of financial and metals markets including the London Metal Exchange, fluctuations in interest and or exchange rates and metal prices; from future integration of acquired businesses; and from numerous other matters of national, regional and global scale, including those of a environmental, climatic, natural, political, economic, business, competitive or regulatory nature. These uncertainties may cause our actual future results to be materially different that those expressed in our forward-looking statements. We do not undertake to update our forward-looking statements. We caution you that reliance on any forward-looking statement involves risk and uncertainties, and that, although we believe that the assumption on which our forward-looking statements are based are reasonable, any of those assumptions could prove to be inaccurate and, as a result, the forward-looking statement based on those assumptions could be materially incorrect.

This presentation is not intended, and does not, constitute or form part of any offer, invitation or the solicitation of an offer to purchase, otherwise acquire, subscribe for, sell or otherwise dispose of, any securities in Vedanta Resources Limited and Vedanta Limited and any of their subsidiaries or undertakings or any other invitation or inducement to engage in investment activities, nor shall this presentation (or any part of it) nor the fact of its distribution form the basis of, or be relied on in connection with, any contract or investment decision.

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Vedanta Limited

4QFY23 Investor Presentation

VEDANTA LIMITED

INVESTOR PRESENTATION

4QFY23

Business Update

Sunil Duggal

Group CEO &

Chief Safety Officer

Sensitivity: Internal (C3)

Investment Case

Robust financial profile

7 with strong ROCE, cash flow and balance sheet

6 Focused on digitalization and innovation

5 Disciplined capital allocation framework

Vedanta Limited

4QFY23 Investor Presentation

1 World-class natural resources powerhouse

2	Well positioned to capitalize
on India's growth with
	attractive commodity mix

3 Committedleadership to ESG

4 Proven track record of operational excellence

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FY23 ESG highlights

RE Power

1,636 MW

PDA in place

2Bn+

Units utilized

Nand Ghars

4,500+

GHG Intensity

6.22

TCO2 per ton of metal (4% lower from FY21 baseline)

PDA: Power Delivery Agreement

Vedanta Limited

4QFY23 Investor Presentation

Waste Utilization

95%

HVLT usage

113%

Fly Ash usage

Biomass

77,000+

tons of Biomass firing (4x more than FY22)

Biodiversity

1.1 mn trees

Planted as part of commitment to plant 7 mn trees by 2030

Water Positivity

4

Units water +ve

29%

Water Recycling

ESG Ratings

6th

Global ranking on Dow Jones

Sustainability Index

Gender Diversity

14%

(vs 11% in FY22)

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