June 2016

Corporate PresentationHindustan Zinc

Hindustan Zinc Limited

Hindustan Zinc - A Sustainable Enterprise

2

A Journey towards Excellence - 15 million T Ore Production Capacity;

& 1.2 million T MIC production capacity from Underground Mines

1st Rampura Agucha Largest zinc

mine globally

2nd Largest zinc-lead miner

globally with: 9 million+ MT of ore production capacity

4th Largest zinc-lead smelter

globally: 1 million+ MT of

production capacity

(Rankings calculated from Wood Mackenzie, Q1 2016

Long Term Outlook)

Hindustan Zinc Limited

Vision, Mission & Values

3

We want our employees to be ambassadors of our core values

To be the world’s largest and most admired zinc-lead

and silver company

� Enhance stakeholder value through exploration,

innovation, operational excellence and

sustainability

� Be the lowest cost producer

� Maintain market leadership & enhance customer

delight

� Entrepreneurship

� Care

� Excellence

� Respect

� Trust

� Innovation

� Integrity

Hindustan Zinc Limited

2.292.15

1.95

1.010.88

0.640.5

FY10 FY11 FY12 FY13 FY14 FY15 FY16*

LTIFR (per million man-hours worked)

Safety & Sustainability

4

Safety

Zero harm to people, host communities and environment

� Safety cultural transformation journey from reactive to interdependent; engagement with “Dupont”

� Integrated safety organisation structure

� Promoting behaviour based safety

� Focus on hazard identification & near misses

Sustainability Initiatives

� Zero water discharge

� Adiabatic cooling towers

� Sewage treatment plant as sustainable water source

� Green energy of 309MW

� Bio-diversity conservation

Year Highlights

78%

*As per new ICMM Guidelines

0.50Lost time injury frequency rate

Rs. 42 CroreInvested in environment initiatives

100%Periodic medical examinations for all

applicable employees

0category 4 or 5 environmental

incidents

2,83,071Safety training hours delivered to

employees and contractors

100%units have Biodiversity Management

Plans in place

100%Assurance of all sites by our internal

audit programme (VSAP)

100%non-hazardous waste recycling

Hindustan Zinc Limited

500

800

1,100

1,400

1,700

2,000

0% 25% 50% 75% 100%

C1 C

ash C

ost

($/t

Zn)

Cumulative Production (Percentile)

Hin

dusta

n Z

inc

Among the lowest cost producers of zinc

Source: Wood Mackenzie Research

Leading the way with fully integrated operations

Captive mines with Reserve & Resource base of 389.9 million MT ensuring mine life of 25 years

Integrated metal production supported by captive power plants

Low cost of operations driven by quality assets and multi-metal recovery

Market leadership in India with strong presence in emerging economies of Asia

Core Strengths

5

Hindustan Zinc Limited

Portfolio of Tier - 1 Assets

6

Zawar Mining Complex

Reserve : 9.5mt Resource : 82.3mtReserve Grade : Zn 3.4%, Pb 1.7%Current Ore Capacity : 1.20 mtpaCPP : 80MW

Wind Power Generation Capacity of 274 MW

Sindesar Khurd Mine

Reserve : 33.2mtResource : 76.3mtReserve Grade : Zn 4.7%, Pb 3.2%Current Ore Capacity : 3.00 mtpa

Rajpura Dariba Mine

Reserve : 9.3mt : Resource : 49.4mtReserve Grade : Zn 6.3%, Pb 1.6%Current Ore Capacity : 0.90 mtpa

Rampura Agucha Mine

Reserve : 51.1mt Resource : 52.7mtReserve Grade : Zn 14.0%, Pb 1.8%Current Ore Capacity : 6.15 mtpa

Kayad Mine

Reserve : 3.9mt Resource : 2.0mtReserve Grade : Zn 13.4%, Pb 1.8%Current Ore Capacity : 1.00 mtpa

Chanderiya Smelting Complex

Pyrometallurgical Lead Zinc Smelter:

105,000 tpa Zinc and 85,000 tpa Lead

Hydrometallurgical Zinc Smelter: 420,000 tpa Zinc

Captive Power Plant: 234MW

Zinc Smelter Debari

Hydrometallurgical Zinc Smelter: 88,000 tpa Zinc

Dariba Smelting Complex

Hydrometallurgical Zinc Smelter: 210,000 tpa Zinc

Lead Smelter: 100,000 tpa Lead

Captive Power Plant: 160MW

Pantnagar & Haridwar

Processing & Refining of Zinc, Lead & Silver

Hindustan Zinc Limited

Strong Track Record of Growth

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Reserve & Resource (mt) – 2.5X Growth

Ore Production(mt) – 3X Growth Silver Metal – Integrated Saleable (MT) – 9X Growth

Mined metal (kt) – 3X Growth

54 67 69 77 80 89 102 97 109 110 104 108 107

9298 109

133 152183

197 216223 239 261 267 283

146165

178

210232

272299

313332

348365 375

390

FY04 FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16

Reserve Resource Net R&R

262317 355

472 505 551651 683

752 739 765 770 774 744

3647

54

6067

78

8486

88 92106 110 113 145

298364

409

532572

629

735769

840 830870 880 887 889

FY03 FY04 FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16

MIC - Zinc MIC - Lead Total Mined Metal

1.8 2.2 2.53.5 3.7 4.1

5 5.16.1 5.9 6.1

5.5 5.0 4.51.31.4

1.5

1.3 1.41.7

1.7 2

1.4 2.12.5 3.8 4.4

6.0

3.13.6

3.9

4.85.1

5.8

6.77.1

7.58.0

8.6

9.3 9.4

10.5

FY03 FY04 FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16

Ore (OC) Ore (UG) Total Ore Production

4735

1124

5180

105

139 148

202

288301

266

422

FY03 FY04 FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16

Hindustan Zinc Limited

Rs bn

*Before Project Capex

EBITDA CAGR 26% despite Zinc LME growth of only 9%

Rs $/MT

Rs bn Rs bn

Rs bn

Robust Financial Performance

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-

10.00

20.00

30.00

40.00

50.00

60.00

70.00

80.00

FY02

FY03

FY04

FY05

FY06

FY07

FY08

FY09

FY10

FY11

FY12

FY13

FY14

FY15

FY16

EBITDA

-

10.00

20.00

30.00

40.00

50.00

60.00

70.00

80.00

90.00

FY02

FY03

FY04

FY05

FY06

FY07

FY08

FY09

FY10

FY11

FY12

FY13

FY14

FY15

FY16

PAT

-

50.00

100.00

150.00

200.00

250.00

300.00

350.00

400.00

FY02

FY03

FY04

FY05

FY06

FY07

FY08

FY09

FY10

FY11

FY12

FY13

FY14

FY15

FY16

Cash & Cash Equivalents*

-

5.00

10.00

15.00

20.00

25.00

FY02

FY03

FY04

FY05

FY06

FY07

FY08

FY09

FY10

FY11

FY12

FY13

FY14

FY15

FY16

EPS

-

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

FY02

FY03

FY04

FY05

FY06

FY07

FY08

FY09

FY10

FY11

FY12

FY13

FY14

FY15

FY16

LME Price

Zinc LME

Lead LME

-

100.00

200.00

300.00

400.00

500.00

600.00

700.00

800.00

900.00

FY

02

FY

04

FY

06

FY

08

FY

10

FY

12

FY

14

FY

16

Market Cap

Hindustan Zinc Limited

2013-14 2020-21

RA OC RA UG Kayad SKM RDM ZWM BKM

Way Forward

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� Resource driven growth

� Six major projects to increase mined metal capacity by 20% to 1.2 mtpa, including replacement from RAM OC

� Total capex of $1.5 billion, out of which ~$0.6 bn is spent

� Expansion of mines in sync with increasing R&R

� Extension of RAM OC mine life to FY20 to smoothen transition to UG

Future mine production profileTransition to underground mining (% share in MIC)

Journey ahead - Projects

RAM UG RajpuraDariba

SindesarKhurd

Kayad Zawar BamniaKalan

3.75 1.75 3.8

1.2 0.5

0.3 2 0.65

0.350.9

Current Capacity, (mtpa)

Capacity Addition, (mtpa)

0%

20%

40%

60%

80%

100%

2014-15 2020-21

Ore Production

0%

20%

40%

60%

80%

100%

2014-15 2020-21

MIC Production

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

FY15 FY16 FY17 FY18 FY19 FY20 FY21

Underground Open-cast

Hindustan Zinc Limited

RAJASTHANFostering Self-Reliance through

Community Development

— Reaching to more than half a million people

in Rajasthan

— Positively impacting lives of more than

100,000 households in 358 Villages in

Rajasthan

— Members of United Nations Global Compact

(UNGC), TERI-BCSD (Business Council for

Sustainable Development) and National

Population Stabilization Fund

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Community Engagement

Hindustan Zinc Limited

CSR Initiatives

Sports & CultureEducation Health, Water & Sanitation

— Sports Tournaments at district,

block and village level

— Cultural events

— Model School Development

— Vedanta Post Graduate college for

girls

— Vedanta Computer Literacy Program

— Vedanta- Hindustan Zinc Heart

Hospital, Udaipur

— Rural Safe Drinking Water Project

— Rural Sanitation Program

Sustainable Livelihood

(Farm & Non-farm)Women Empowerment

Environment Conservation

— Improved Agriculture Program

— Livestock Development Program

— Vocational Trainings

— SHG Development Program

— Capacity Building Interventions

— Income Generation Programs

— Mega Plantation Drive

— Water Conservation Drive

— Sewage Treatment Plant at Udaipur

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THANK YOU!