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VALUE-CREATION HIGHLIGHTS FY 2023

FINANCIAL CAPITAL

We are focussed on optimising capital allocation and maintaining a strong balance sheet while generating strong free cash flows. We also review all investments, taking into account the Group’s financial resources with a view to maximise returns for shareholders.
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Key FY 2023 outcomes

Revenue

1,45,404crore

11% YOY

EBITDA

35,241crore

22% YOY

Net Debt/EBITDA

1.3x

EBITDA margin1

28%

ROCE

~21%

Historic dividend

101.5per share

PAT (before exceptional and
one-time gain)

14,449crore

41% YOY

Free cash flow (FCF)
post-capex

18,077crore

Cash and cash equivalents

20,922crore

Net debt

45,260crore

MANUFACTURED CAPITAL

We invest in best-in-class equipment and machinery to ensure operational efficiency and safety, at both our current operations and expansion projects. This also supports our strong and sustainable cash flow generation.
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Key FY 2023 outcomes

Business highlights

Zinc India

16.74million tonnes

Record ore production

1,032kt

Highest ever refined zinc-lead production

7% YOY

714tonnes

Ever-highest silver production

10% YOY

Zinc International

208Kt

Record mined metal
production at Gamsberg

11% YOY

Oil & Gas

143kboepd

Average gross
operated production

11% YOY

Aluminium

2,291kt

Highest ever
aluminium production

Power

14,835million units

Record overall power sales

25% YOY

Iron Ore

5.3million units

Production of saleable ore
at Karnataka

696kt

Pig Iron production

Steel

1.37million tonnes

Highest ever hot metal production

1% YOY

1.29million tonnes

Record saleable production

2% YOY

Copper India

148kt

Cathode production from the Silvassa

18% YOY

FACOR

290kt

Record chrome ore production

16% YOY

67kt

Ferro chrome production

11% YOY

HUMAN CAPITAL

We promote diversity, equality and inclusivity, while also investing in people development, safety and well-being. We empower them to think independently, creatively and innovatively. It has enabled us to create a workplace where a diversity of individuals with diverse skills, experience and unique capabilities can thrive and contribute to business goals, reinforcing our position as a leading natural resources company.
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Key FY 2023 outcomes

87,500+

Total Workforce

14.0% 1

Women employees

2,199

Employees covered
under mentoring and
support programs

89%2

Attrition rate

12%3

TRIFR

Note 1&2: Based on Full Time Employee (FTE)
Note 3: Based on total workforce

SOCIAL AND RELATIONSHIP CAPITAL

We are committed to nurturing lasting and enduring relationships with our stakeholders, built on trust and concern for their individual and collective well-being through meaningful engagements. These bonds are instrumental in maintaining our reputation, upholding our licence to operate, and enabling us to deliver on our strategy
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Key FY 2023 outcomes

4,500+

Nand Ghars built

44million⁴

Total CSR beneficiaries

454crore

Total CSR spend

Human Rights self-assessment
conducted across all BUs

Note 4: Includes both direct and indirect beneficiaries

NATURAL CAPITAL

India and Africa provide us with world-class mining assets and abundant natural resources and reserves, driving our competitiveness. However, while using these resources to create social and economic value, our operations also have accompanying environmental impacts. We strive to operate responsibly through sustainable use of resources and investing in various environmental goals.
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Key FY 2023 outcomes

Zinc India R&R

460million tonnes

Combined R&R

30.8million tonnes

Zinc-Lead metal R&R

856million ounces

Silver R&R

Zinc International R&R

659.1million tonnes

Combined R&R

34.9million tonnes

Metal R&R

Oil and Gas R&R

1,156mmboe

Gross proved, and probable
reserves and resources

GHG Intensity

6.24 tCO 2 e per tonne of metal

Water Positivity Ratio

0.62x

HVLT waste recycled

162%

Biomass Usage

~78,000 tonnes

Trees Planted

1million

As part of the commitment to
plant 7 million trees by 2030