Media Kit

Media Kit
 
  • Corporate Headquarters
    16 Berkeley Street
    London W1J 8DZ
    Telephone: +44 20 7499 5900
    Facsimile: +44 20 7491 8440

  • Geographical Locations
    United Kingdom
    India
    Zambia
    South Africa
    Namibia
    Ireland
    Australia

  • Number of Employees
    Over 67,000

  • Principal Officers
    Anil Agarwal, Executive Chairman
    Navin Agarwal, Deputy Executive Chairman
    Tom Albanese, Chief Executive Officer

  • Primary Exchange Listing
    London Stock Exchange
    Bloomberg Ticker VED LN

Full Year Results For The Year Ended 31 March 2017

Consolidated Group Results 

FY2016-17

FY2015-16

FY2014-15

Revenue

11,520.1 10,737.9 12,878.7

EBITDA1

3,191.1 2,336.4 3,741.2

EBITDA Margin

27.7% 21.8% 29.1%

EBITDA margin excluding custom Smelting2 (%)

36.5% 27.6% 38.0%

Operating profit before special items 

2,160.6 881.2 1735.5

Loss attributable to equity holders

(22.7) (1,837.4) (1,798.6)

Underlying attributable profit/ (Loss)4

3.0 (364.1) (38.9)

Basic loss per share (US cents)

(8.2) (665.8) (654.5)

Profit/Loss per share on underlying profit (US cents)

1.1 (131.9) (14.2)

ROCE (excluding project capital work in progress and exploratory assets and impairment charges) (%)

15.6% 6.2% 8.7%
Total Dividend (US cents per share) 55.0 30.0 63.0

1. Earnings before interest, taxation, depreciation, amortisation/impairment and special items.
2. Excludes custom smelting revenue and EBITDA at Copper and Zinc India operations as custom smelting has different business economics.
3. Free cash flow is cash flow arising from EBITDA after net interest, taxation, sustaining and capital expansion expenditure, movements in capital creditors and working capital movements.
4. Based on profit for the period after adding back special items and other gains and losses, and their resultant tax and non-controlling interest effects.
 


Financial Highlights

  • Revenue of US$11.5 billion and EBITDA of US$3.2 billion, driven by firmer commodity prices and volume ramp-up (FY2016 Revenue: US$10.7 billion, FY2016 EBITDA: US$2.3 billion)
  • Adjusted EBITDA margin of 36% (FY2016: 28%), driven by firmer commodity prices and operational efficiencies
  • Free cash flow of US$1.5 billion (FY2016: US$1.8 billion)
  • Gross debt at US$18.2 billion (FY2016: US$16.3 billion), higher on account of temporary borrowings at HZL (US$1.2 billion) for special dividend payment
  • Gross debt reduced by US$1.4 billion post 31 March 2017
  • Net debt at US$8.5 billion (FY2016: US$7.3 billion), driven by dividends paid to minorities and the associated dividend distribution tax.
  • Vedanta Limited and Cairn India merger completed.
  • Underlying profit per share of US cents 1.1 (FY2016: loss of US cents 131.9)
  • Positive credit rating movements; 
    • S&P upgraded the issuer credit rating from B/Stable Outlook to B+/Stable Outlook;
    • Moody’s upgraded the company’s Corporate Family Rating (CFR) by one notch from B2/Negative to B1/Stable
  • Announced a final dividend of US cents 35 per share (total dividend US cents 55 per share), dividend yield of 6.5%
  • Declaration of record interim dividend by subsidiaries in March 2017
    • Hindustan Zinc Limited announced dividend of US$2.1 billion including dividend distribution tax
    • Vedanta Limited announced a dividend of US$1.0 billion, of which US$500 million was received by Vedanta Resources Plc.

Business Highlights

  • Record annual production at Aluminium, Power, Zinc-India (Zinc and Silver) and Copper-India
  • Successful ramp up from Mangala EOR with production level of 56,000 boepd in Q4 at Cairn-Oil & Gas
  • Zinc International 
    • Highest quarterly production in Q4 at Black Mountain in 4 years; 
    • Mobilisation on Skorpion Pit layback commenced in April; 
    • Gamsberg project on track to commence production in mid CY 2018
  • Aluminium recorded strong production during the year, volumes impacted by a pot outage in April
  • Power: 
    • 1,980 MW Talwandi Sabo Power Plant (TSPL) operating at 85% availability in Q4
    • TSPL operations impacted by a shutdown due to fire in April, rectification in process and expected to recommence operations by the end June 2017
  • Iron ore: Achieved 2.6 million tonnes of the additional production capacity granted in Goa for FY2017
  • Copper Zambia: 
    • Strong custom production; 
    • Lower integrated production due to lower equipment availability ; 
    • Ramp-up commenced at reconfigured Nchanga underground mine
  • Delivered cumulative cost and marketing savings of US$814 million over the past 2 years; aad of plan to deliver $1.3 billion in four years

Sustainability highlights

  • 2.21 million beneficiaries of our community investment
  • US$ 17.63 million invested in community development 
  • 0.39 lost time injury frequency rate
  • US$ 6 billion tax payments to exchequers
  • 1.33 million training hours delivered to all staff 
  • 51% non-hazardous waste recycling rate
  • 24% water recycling rate
  • 1,115,562 man-hours of safety training provided
  • 3,75,373 man-hours training on Code of Conduct and Human Rights 

Download Vedanta Logos

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Fact Sheet 2017

Please click on the link mentioned below to view and download the fact sheet:

Fact Sheet 2017

Gallery

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Photo gallery

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Video gallery

 

Group companies

 

Group Communications and Media Contact

  • Corporate and Media Queries
    Group Communications  

    Roma Balwani
    President- Group Communications and Sustainable Development

    75, Nehru Road
    Vile Parle(East), Mumbai- 400099
    Tel: +91 22 6646 1000
    Fax: +91 22 6646 1350
    Email: gc@vedanta.co.in

  • Media Queries in UK
    RLM Finsbury 

    Gordon Simpson/ Faeth Birch/Daniela Fleischmann


    Tenter House, 45 Moorfields
    London EC2Y 9AE
    Tel: +44 20 7251 3801
    Fax: +44 20 7251 4112
    Email: enquiries-uk@rlmfinsbury.com