Vedanta marks 10 Years since London IPO
Built a diversified portfolio of high-quality, world class assets
Delivered Total Shareholder Return of 200%, higher than the FTSE 100 and FTSE 350 Mining Index
Increased dividend nine of the last 10 years; dividend growth CAGR of 14% since IPO
Financial Highlights
Revenue of US$12.9 billion
EBITDA of US$4.5 billion; EBITDA margin of 45%(2)
Underlying attributable profit US$93.4 million
Basic EPS (71.7) US cents, Underlying EPS(3) of 34.2 US cents
Free cash flow of US$3.0 billion before growth capex and US$1.6 billion after growth capex
Net Debt reduced by $0.7 billion over the last 12 months and by $2.1 billion over the last 24 months
Final dividend of 39 US cents per share, up 3%
Business Highlights
Sesa Sterlite Merger and Group consolidation completed
Record Oil & Gas production at Rajasthan: Achieved milestone of 200kbopd in March 2014 and cumulative production of 200 million barrels until end FY 2014; 100% reserve replacement during the year
Record production of mined and integrated metal at Zinc India
Improved operating performance at Aluminium smelters without captive bauxite and commissioning of new pot-lines commenced
Strong utilisations at Tuticorin copper smelter; 2nd 80MW unit of power plant commissioned during Q4
Synchronised first 660MW unit of 1980MW Talwandi Sabo power plant
Continued cost control and efficiency improvements across businesses
Iron ore production restarted in Karnataka and mining ban in Goa lifted with certain conditions laid out by the Supreme Court
Key priorities for the coming year is to improve operating performance at KCM, restart iron ore mining, improving capacity utilisation at Aluminium and Power and improvement in safety performance
Mr. Anil Agarwal, Chairman of Vedanta Resources plc said, "This has been another year of progress for Vedanta as we celebrate 10 years since our London listing. We achieved record oil and gas production, driven by the ramp up in the Rajasthan block, as well as record production at Zinc India and with improved operating performance at our Aluminium business. Building on these results, as a major global diversified natural resources company, we continue to focus on delivering value for our shareholders through operational excellence, exploration upside and increasing cash flows from our well-invested assets."
