iJ~~~ ~ 'l'i "'"" -.mirMlf Registered & Head - - PDF document

SLIDE 1

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. HINDUSTAN COPPER IJMITED

CIN No.: l27201WB1967GOI028825 'm<f ~ 'tiT oqji;"'f A GOVT.OF INDIAENTERPRISE

• No. HCLISCYISEI 2016

~ 'l'i "'"" -.mirMlf

Registered & Head Office 1IIll """ TAMRA BHAVAN

1,~.n'ltt~

1, ASHUTOSH CHOWDHURY AVENUE,

..;ro.•••o-«o P.B. No. 10224

~ KOLKATA - 700 019 7.2.2018 The Sr. General Manager

• Dept. of Corporate

Services BSELimited Phiroze Jeejeebhoy Towers Dalal Street Mumbai 400 001 BSE Scrip Code: 513599 Sir I Madam, The Vice President Listing Department National Stock Exchange of India Ltd Exchange Plaza, C-1, Block G Bandra-Kurla Complex, Bandra(East) Mumbai 400 051 NSE Symbol: HINDCOPPER Sub: Disclosure under the SEBI (Listing Obligations and Disclosure Requirements), 2015 Pursuant to Regulation 30

• f

SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find below Schedule of Institutional Investors meet to be held on 8.2.2018 at Mumbai:

• Sr. No I

Event , Type of Meeting Date 1 I Edelweiss India Conference 2018 I One-on-onel 8.2.2018

I

, Group Meetings , A copy of the presentation to be made in the above meet is enclosed and is also available at the website

• f the Company at www.hindustancopper.com.

The above is submitted for information and record please. Thanking you, Yours faithfully,

W~i)

GM (IA) & Co Secretary Encl: As stated ~ Tel: 2283-2226 (Hunting), ~ Fax: (033) 2283-2478/2640 nn: Cable: fRlIN HINDCOPPER, V....r.r E-mail: hcl_ho@hindustancopper.com, Q Web: www.hindustancopper.com

SLIDE 2 r

,."

SLIDE 3

,

T H IS P R E S E N T A T IO N ("P R E S E N T A T IO N ") IS N O T A N O F F E R T O S E LLA N Y S E C U R IT IE S O R A S O LIC IT A T IO N T O B U Y A N Y S E C U R IT IE S O F H IN D U S T A N C O P P E R LIM IT E D (T H E "C O M P A N Y "). T he m aterial that follow s is a P resentation

• f general

background inform ation about the C om pany's activities as at the date of the P resentation. It is inform ation given in sum m ary form and does not ,. purport to be com plete and it cannot be guaranteed that such inform ation is true and accurate. This Presentation does not constitute a prospectus,

• ffering

circular

• r offering

m em orandum

• r an

III

• ffer, or a solicitation
• f any offer, to purchase
• r sell, any shares

and should not be considered as a recom m endation that any investor should subscribe for or purchase any of the Com pany's equity shares. S ecurities

• f the C om pany

m ay not be offered

• r sold in the U nited

S tates absent registration under the U .S . S ecurities A ct of 1933, as am ended,

• r an exem ption

from the registration requirem ents

• f that A ct. A ny public
• ffering
• r sale of securities
• f the C om pany

to be m ade in the U nited S tates w ill be m ade by m eans of a prospectus that m ay be obtained from the C om pany

• r

the selling security holder and that w ill contain detailed inform ation about the C om pany and its m anagem ent, as w ell as financial statem ents. T his P resentation includes statem ents that are, or m ay be deem ed to be, "forw ard-looking statem ents". T hese forw ard-looking statem ents can be identified by the use of forw ard-looking term inology, including the term s ubelieves~ , "estim ates", "anticipates", "projects", "expects", "intends", "m ay", "will" I "seeks"

• r "should" or, in each

case, their negative

• r other variations
• r com parable

term inology,

• r by discussions
• f strategy,

plans, aim s,

• bjectives,

goals, future events

• r intentions.

These forward-looking statem ents include all m atters that are not historical

• facts. They

appear in a num ber

• f

places throughout this Presentation and include statem ents regarding the Com pany's intentions, beliefs

• r current

expectations concerning, am ongst

• ther things,

its results

• r operations,

financial condition, liquidity, prospects, growth, strategies and the industry in which the Com pany

• perates.

By their nature, forward.looking statem ents involve risks and uncertainties because they relate to events and depend

• n circum stances

that m ayor m ay not occur in the future. Forward-looking statem ents are not guarantees

• f future

perform ance including those relating to general business plans and strategy

• f the

Com pany, its future

• utlook

and growth prospects, and future developm ents in its businesses and its com petitive and regulatory environm ent. No representation, warranty

• r

undertaking, express

• r im plied,

is m ade

• r assurance

given that such statem ents, views, projections

• r forecasts,

if any, are correct

• r that the objectives
• f the Com pany

will be achieved. The Com pany's actual results

• f operations,

financial condition and liquidity, and the developm ent

• f the

business sector in which the Com pany

• perates,

m ay differ m aterially from those suggested by the forward-looking statem ents contained in this Presentation. In addition, even if the Com pany's results

• f operations,

financial condition and liquidity, and the developm ent

• f the

industry in which the Com pany

• perates,

are consistent with the forward.looking statem ents contained in this Presentation, those results

• r developm ents

m ay not be indicative

• f results
• r developm ents

in subsequent periods, The Com pany, as such, m akes no representation

• r warranty,

express

• r im plied,

as to, and does not accept any responsibility

• r liability with respect

to, the fairness, accuracy, com pleteness

• r

correctness

• f any

inform ation

• r opinions

contained herein. The inform ation contained in this Presentation, unless

• therwise

specified is only current as of the date

• f this Presentation.

The Com pany assum es no responsibility to publicly am end, m odify

• r revise

any forward looking statem ents,

• n the

basis

• f any subsequent

developm ent, inform ation

• r events,
• r otherwise.

This presentation has been prepared based

• n the

inform ation available in the public dom ain and internal m anagem ent inform ation and estim ates. The inform ation contained herein is subject to change without notice. Past perform ance is not indicative

• f future

results. T his docum ent has not been and w ill not be review ed

• r approved

by a regulatory authority in India or by any stock exchange in India. T his presentation refers to the Joint O re R eserves C om m ittee (JO R C ) E quivalent M ineral resource and O re R eserve S tatem ent prepared by IM C S R G C onsulting (P vt.) Lim ited dated S eptem ber 11, 2010. As this statem ent has been issued in 2010, the inform ation contained in such statem ent is subject to risks including changes in capacity reserves, changes in expected expansion cost, risks related to delays in expansion,

• btaining

and m aintaining m ining leases at the m ining site, obtaining environm ental clearances and requisite governm ent approvals.

SLIDE 4

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SLIDE 5 V e rtica lly In te g ra te d O p e ra tio n s S o le C o p p e r O re P ro d u ce r in In d ia A cce ss to S u b sta n tia l R e se rve s C le a r R o a d m a p fo r E xp a n sio n R o b u st F in a n cia l P e rfo rm a n ce

• A 'M in i R a tn a ' C o m p a n y
• A ro u n d

5 d e ca d e s

• f e xp e rie n ce

in m in in g co p p e r

• G o ve rn m e n t
• f In d ia (G o l)

sh a re h o ld in g

• f 8 2 .8 8 %
• N a m e d

th e in d u stry le a d e r (b a se m e ta ls) a t th e 2 0 1 6 P L A T T S G lo b a l M e ta ls A w a rd s 1

• T h e o n ly in te g ra te d

p ro d u ce r

• f re fin e d co p p e r in In d ia
• M a jo r a ctivitie s

in clu d e m in in g ,

• re b e n e ficia tio n ,

sm e ltin g ! se co n d a ry sm e ltin g , re fin in g a n d ca stin g

• f re fin e d

co p p e r m e ta l in to d o w n stre a m p ro d u cts , ,...•..........................................................................................................................•.......... , .

• T h e o n ly co m p a n y

in In d ia e n g a g e d in m in in g o f co p p e r o re

• O w n s

a ll th e o p e ra tin g m in in g le a se o f co p p e r o re

• P ro ve n e xp e rie n ce

a n d e xp e rtise in d e ve lo p in g a n d o p e ra tin g co p p e r m in e s

• H a s a cce ss

to o ve r 2 !3 rd o f In d ia 's co p p e r o re re se rve s

• R e se rve s:

4 1 1 .5 3 m n to n n e s 2

• R e so u rce s:

6 2 3 .3 1 m n to n n e s 3

• P la n s to in cre a se

ca p a city fro m 3 .4 m n to n n e s to 1 2 .2 m n to n n e s 4

• T h ro u g h

e xp a n sio n , re -o p e n in g

• f clo se d m in e s a n d e xp lo ra tio n
• M a rke t

C a p ita liza tio n

• R s.

m n 5

• 9 m o n th

F Y 1 8 R e ve n u e -R s. 1 3 1 8 0 m n 6 ,9 m o n th F Y 1 8 ;E B IT D A R s2 1 6 3 m n 6

• C re d it

R a tin g : S h o rt T e rm : IC R A A 1 + ; L o n g T e rm ; IC R A A A + 7 N o te s: 1 . P la lts 2 0 1 6 g lo b a l m e ta l a w a rd s; h ltp s:llg m a .p la lts.co m . G o ld e n P e a co ck a w a rd fo r C S R in Ja n 20171 2 . P ro ve d + P ro b a b le . a s p e r Jo in t O re R e se rve s C o m m itte e E q u iva le n t M in e ra l R e so u rce A n d O re R e se rve S ta te m e n t p re p a re d b y lM C S R G C o n su ltin g (P vt,) lim ite d d a te d S e p te m b e r 1 1 , 2 0 1 0 3 . M e a su re d + In d ica te d , a s p e r Jo in t O re R e se rve s C o m m itte e E q u iva le n t M in e ra l R e so u rce A n d O re R e se rve S ta te m e n t p re p a re d b y IM C S R G C o n su ltin g (P vt.) L im ite d . d a te d S e p te m b e r 1 1 , 2 0 1 0 4 . B a se d

• n M a n a g e m e n t

e stim a te s. P le a se n o te th a t th e se e stim a te s a re su b je ct to risks in clu d in g ch a n g e s in e xp e cte d ca p a city, ch a n g e s in e xp e cte d e xp a n sio n co st, risks re la tin g to d e la ys in e xp a n sio n ,

• b ta in in g

a n d m a in ta in in g m in in g le a se s a t th e m in in g site s,

• b ta in in g

e n viro n m e n ta l cle a ra n ce s a n d re q u isite g o ve rn m e n t a p p ro va ls B S E a s o f F e b 6 ,2 0 1 8 B a se d

• n sto ck

e xch a n g e filin g s fo r 9 m o n th s

• f F Y

1 7 -1 8 , e n d e d D e c 3 1 ,2 0 1 7 IC R A cre d it ra tin g re p o rt, A p ril.2 0 1

SLIDE 6

• ...

~

M adhya Pradesh 1982 M ining (opencast), Beneficiation Copper Concentrate Ore -2.0 m n tonnes p.a. Jharkhand 1924, Nationalized in 1972 M ining, Beneficiation Sm elting & Refining Copper concentrate & cathode Ore -0.4 m n tonnes p.a. Cathode - 18,500 tonnes p.a.

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State Inception Facility Product Capacity Capacity 'State',ii 'Inception

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Facility Product ;~~v. "it\y»".~,

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Rajasthan 1967 M ining (underground), Beneficiation, Sm elting & Refining Copper Concentrate & cathode Ore -1.0 m n tonnes p.a. Cathode - 31,000 tonnes p.a. Gujarat 2015 Copper sm elting & Refining Copper cathode Cathode - 50,000 tonnes p.a. :>~if:i\:jii)iS0;;;;?:. :': \ Facility Product Capacity State Acquisition Facility 'Product d"pacity' I' State M aharashtra AIIIf"""

j

Inception 1988 Facility Continuous casting .' Product Copper wire rod ~ Capacity 60,000 tonnes p.a. \ .£ Notes:

.J

1. M ines are operational,

• nly

Sm elter and Refinery not in operation since Dec 2008,

• n account
• f econom ic

consideration 2. M ap not to scale and is presented

• nly to provide

an indication

• f approxim ate

lo~tlons

• f our m ining

com plexes

SLIDE 7

S hare H oi df ng Structure

• 1'c -

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• ~

Evolution of Hindustan Copper

I

«m i} >> ~ >

> ~ > > ~ > > ~ > > ~ > > ~ >

S ource: C om pany w ebsite and annual reports H industan C opper w as setup in 1967 w ith 100 % G ol

• w nership

and assets at K hetri, R ajasthan transferred to H industan C opper from N M D C Lim ited G overnm ent

• f India

nationalized Indian C opper C orporation Lim ited, G hatsila, Jharkhand and m erged w ith H industan C opper India's largest m echanized hard rock open pit copper m ine w as developed at M alanjkhand (M P ) W ire rod copper plant at T aloja w as com m issioned G overnm ent

• f

India granted H industan C opper status of "M iniratna category - I" A cquired the secured assets of Jhagadia C opper Lim ited, now renam ed G ujarat C opper P roject N am ed the industry leader (base m etals) at the 2016 P LA T T S G lobal M etals A w ards 1

• ------------~
• ~.~-.------------------

.w._.__. ~._ ~. . ~ ._._

Shareholding Pattern 3

G ovem m ent of India 76.05 F inancial O thers inc!. F P I Institutions/B an 2.78% M utual F unds ks

'I. ~

0.06% Individuals 1 1 7

L

6.02 Insurance C om panies 13.92% "'",,-

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N otes: 1. P iatts 2016 global m etal aw ards; https:/Igm a.platts.com . G olden P eacock aw ard for C S R in Jan 2017/ 2. B S E as of F eb 6, 2018 . '3,"S hareholding positio-n-a-s-o-n~D ~e-c~3f~2617(piechrt not to scale} "i,};;;i ;k::~>;;L0;<,/,tL:_;;,~:(",x;~;\;,i .,;;<t ~(' -- ":.-sj;>::>,~; ::t:;:1~;;8;y1.~!,t7i~~~){};>,;

SLIDE 8

1) Significant Growth Potential in Copper Consumptionin India

• Vertically Integrated Operations

]

• Only Operating Producer of Copper Ore in India

,

• Access to Substantial Copper Ore Reserves in India

.' Clear Roadmap for Expansion , ]

\.(,.:1;,

• ,

Robust Financial Performance

~ '.' " ..•••"." .:""""""." v

SLIDE 9

• Copper

usage increased by -2% in CY2016 com pared to CY2015

• M ainly due to higher Chinese

dem and (dem and increased by 2.5% )

• Excluding

China, world usage increased by -1 % Region wise change in usage

W orld Refined Copper Usage

(m n tonnes) 23.4 22.9 (m n tonnes) 2012 2013 2014 2015 2016

• Copper production

Increased by -2.5% in CY 2016 com pared to CY2015

• M ain contributor

to growth was China (increase in production by 6% ) followed by US (7% ) ,Japan (5% ) & M exico (16% ) Region wise change in production

W orld Refined Copper Production (Prim ary + Secondary)

23.5 2016 23.0 2015 22.9 2014 2013 2012 Europe Asia +2% +3%

I Am ericas I - 3% I

Europe Asia

• 2%

+6% Africa. Am ericas

• 10%

+ 1%

W orld Copper M ine Production (in m etal term s)

(m n tonnes) 19.1 20.2 M ain contributors to increase in m ine production

• 38% rise in Peruvian
• utput, that benefitted

from new and expanded capacity brought on stream in last 2 years

• Recovery

in production levels in Canada, Indonesia and US

• Expanded

capacity in M exico 2012 2013 2014 2015 2016 Region wise change in production

• Copper

M ine production increased by -5% in CY2016 com pared to CY2015 Europe Asia

• 0%

+12% Africa

• Am ericas
• 4%

+6% . Source: International Copper Study Group (ICSG) P,!,ss release, March 2017

8 "

SLIDE 10

India's Per Capita Copper Consumption currently low- Expected to increase to 3 kg by 2025 Domestic Copper Consumption to Increase

Copper consumption growth rate is likely to increase around 6% to 7% due to improvement in growth rate of manufacturing, housing & infrastructure and Power sectors (Lakh tonnes) 6.65 FY 16 FY15 FY14 FY13 Refined Copper Consumption 0.56 India 5.64 USA 5.82 China (kg/person) Source: Ministry of Mines, Annual Report 2015-16 Source: Ministry of Mines Annual Report 2015-16

• _------------

_--------------------------.----------------- _------------------

• ----------_._---.-

_-------------------------------------------------------_ _._.-._-----------

• _-------------
• "Make in India" is expected

to drive manufacturing growth

• Power and construction

sectors to witness strong growth

• Electricity generation

estimated to increase by 6.0% in FY18 2

• 100 Smart Cities and 500 AMRUT

Cities likely to invite investments

• f Rs. 2 tn in the next five years 3

Government initiatives will further Increase Growth of the Copper Consuming Industries

• Total projected
• utlay for infrastructure

in FY18:

• Rs. 2,413 bn 1
• Target of achieving

160GW of solar and wind by 2022 2 Electrical 34% Consumer Durables Transport 8% 11% India Building & Construction 8% Building & Constrution 48%

Refined Copper Consumption

World Electrical 17% India's copper consumption is concentrated in Electrical industry in contrast with the rest of the world which is concentrated in Building and Construction Source: 1. Union Budget 2017 -18, http://unionbudget.nic.in rr"S:::::o:':ur=c:::e':'": M''"in::is:::t:::'':ryO:<f''M"'iC:n7es=',"";h:-:tt'''p""':/'''/m''-;-,'n-e-s.-n7"ic''.i-n/:-------------------2.-Ministry"of power';"http://powennin:nic.in/, """ 3. Make i.~India, http://makeinindia.com/

SLIDE 11

• S ignificant

m ism atch betw een India's processing requirem ent and copper m ining capacity

• A pproxim ately

100 m n tonnes

• f copper
• re (assum ing

a copper content

• f 1 % ) is required

to produce 1 m n tonne

• f refined

copper

India's Refined Copper Capacity vs. Copper Mining Capacity

(as of FY17) ('000 tonnes) Notes 1. R efining capacity break-up ('000 tonnes) i. H indalco: 500.0 ii. V edanta: 400.0 iii. H C L : 99.5 2. Indicates the am ount of refined copper that can be extracted from the current copper ore production in India

• The copper
• re production

in India for 2015-16 w as 3.9 m n tonnes, m eeting

• nly -4%
• f the country's

dem and

• 1. The current

m ining capacity is entirely catered to by H C L

• C ustom

sm elters are relying

• n im ported

copper concentrate to feed their plants

Hindustan Copper Advantage

• M ining

is the m axim um value creator in the value chain

• f copper
• H C L has identified

m ining as its core focus area

• S ignificant

capacity addition have been envisaged in M ining - expansion from 3.4M tpa to 12.2 M tpa 2

• S ignificant

potential for copper concentrate consum ption in the country. C urrently the requirem ents are m et through Im ports by custom sm elters

• H C L has added

50,000 tonnes

• f sm elting

and refining capacity by acquiring the assets

• f Jhagadia

C opper Lim ited 999.5 1 R efining C apacity

352

M ining C apacity

964.5

G ap 1. C om panyannualreport2015-16 ' S ource:C om pany w ebsites

I

2= P leasereferS lide 18 for details ,~... '10

I

SLIDE 12

• Cathode Refined

Copper (RC) 99.99%Cu Continuous Cast Copper Rod

Continuous Cast Rod Plant

~

Anode 99.5% Cu

~

Smelting

Copper Concentrate 17%-26% Cu

.&1

~

Copper Ore

• 1%

Cu

SLIDE 13

Facilities Overview

1 . N

• t

i n

• p e r a t i o n

s i n c e D e c 2 0 0 8 ,

• n

a c c o u n t

• f

e c o n o m i c c o n s i d e r a t i o n

Sales Overview

Metal in Concentrate ( t o n n e s ) Cathode ( t o n n e s ) Continuous Cast Copper Rods ( t o n n e s ) 7,386 F Y 1 7 21,125 F Y 1 6 F Y 1 5 F Y 1 4 1,532 F Y 1 7 285 F Y 1 6 F Y 1 5 F Y 1 4 10,539 F Y 1 7 F Y 1 6 F Y 1 5 8,361 F Y 1 4

Production Overview

Continuous Cast Copper Rods ( t o n n e s ) Cathode ( t o n n e s ) Metal in Concentrate ( t o n n e s ) 3.845 3.908

Ore

( ' 0 0 0 t o n n e s ) , , , , , , : 32,276 31.578 30,587 26062

!

i , , ~ , , , ~ , , , ~

liLi

F Y 1 4 F Y 1 5 F Y 1 6 F Y 1 7 : F Y 1 4 F Y 1 5 F Y 1 6 F Y 1 7 : F Y 1 4 F Y 1 5 F Y 1 6 F Y 1 7 F Y 1 4 F Y 1 5 F Y 1 6 F Y 1 7 , , r " ' ' ' ; ' ' ' " I h"',,,'A,

• " k " . ,
• ."

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12

I

SLIDE 14

9 Months FY 18 9 Months FY 17 26.08 19675 11430

Cathode (MT)

• 20000

27.81 Copper Ore Lakh MT 30.00 25.00 20.00 15.00 10.00 5.00 0.00 9 Mths FY 18 9 Mths FY 17

SLIDE 15

• Copper Concentrate

Grade 17-26%

• Applications

Smelting and Refined Copper

• Cathode

Purity: 99.99% - equivalent to LME Grade - "A" specification

• Applications

Alloys, foils, CC Wire Rods

• Continuous Cast Wire Rod

Diameter(mm): 8, 11, 12.5, 16, 19.6 (+/- 0.50 mm)

• Applications

Winding wires, strips

• Applications

Anode Slime - production of gold and silver

• By Products
• Anode Slime containing

precious metals

• Sulphuric Acid

i

• Copper Sulphate

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SLIDE 16

1.22 ,1.02 1.15

0.93

1.25 1.45

1.04' " 0.87

• 44.25

411,53

I

• Regional Sales

O ffices

• O peratingU nits

HCL has sigQ ificant M ining Resources with high grade of copper~n O re

Experience and expertise in developing and operating Copper M ines

• Note:
• 1. Praved

+ Probable

• 2. M easured

+ Indicated

• 3. Joint O re Reserves

Com m ittee

• f the Australasian

Institute of M ining and M etallurgy, Australian N ote: Instituteof G eoscientists and the M ineralsC ouncilof Australia.

• 1. M ap

not to scale and is presented

• nly

to provide an indication

• f approxim ate

locations

• f our

Source: JO Re Equivalent M ineral Resource And O re Reserve Statem ent prepared by IM e SRG m ining com plexes C onsullin9",(P_vt-<,l,.L_im _ite_d_._d_a_te_d_S_e.,p

• t_em _b_e_r

_11-'._2_0_1_0 ~

I,

,15

I

SLIDE 17

HCL has access to over 2/3rd of India's copper are reserves Reserves

(m n tonnes)

Resources

(m n tonnes)

e :~~

623.31 475.98

EO])

~ ~

411.53

@)

e

~

223.58

8

187.95

fi)

P roven ~ A verage G rade P robable T otal M easured Indicated M easured Inferred and Indicated T otal S ource: JO R C E quivalent M ineral R esource and O re R esource S tatem ent prepared by IM C -S R G C onsulting (P vt.) Lim ited. D ated S eptem ber 11, 2010

I

,1 6 . I

SLIDE 18

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• .a'Rsjon.Strategy: Thrust Ar~as'

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./ Rakha (Jharkhand) ./ Kendadih (Jharkhand) ./ Awarded RP: Balaghat (Madhya Pradesh) ./ New Mines: Banwas and Chapri Sidheswar (Applied for area reservation)

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• 0-

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./ Malanjkhand (Madhya Pradesh) ./ Khetri & Kolihan (Rajasthan) ./ Surda (Jharkhand)

v

\:::::i

~

I-

• .o:a

~~

• ./

Manufacturing value added products ./ Utilization

• f tails & waste

rocks ./ New Smelter Plant based on Hydro- Metallurgy Technology fiJI:.

SLIDE 19

@

<:> (l

L, t IIn :::THd

• Q

PmduQtjon Capacity

<> 0;'0. <:> ".'; ",,:V ,;'" " "~-, "

t

titUEIi ~ft.lilC!11

~li!JllmB

Ul'li'iilm @:iMl,liJ!m.fiI.Ut'

GatIQ"rm~

(l{.m ~:um ,~4J.h_.l"tt1!till;ttJ

tiI.h 'BAA"

rmJ.) ttJJ1illD ~

Malanjkhand

2.0 5.0 18,560

Khetri and Kolihan

1.0 2.5 4,410

Surda

0.4 0.9 2,190

Total

3.4 8.4 25,160

~t!11

~fim im ,

~~

li!1Jlilmi

(Ilillili.1)

Kendadih

~

Banwas Chapri-Sidheshwar Total

@:JMD.[!till.maro

@:JMlli~

~tI¥¥4rm@ t.m:trt7 0.21

~.m4tml!oUEl¥JlV

0.6

15

2.1 940 (Development

• peration has

commenced)

~.4't:

~

Completed (Production and Development commenced) To implement the project through MOO route

I Grand

Total

I

3.4

I

12.2

I

26,100

I

Source: Costs stated are at the time of award I Based on Management estimates. Please note that these estimates are subject to risks including changes in expected capacity, ;ichangesin-expected expansion cost ~iisks relating-to deiaySinexparision,06tairiing arid mainl<iiningminingleases at the miriing sites,"06tiiinirigeriviiorimeritalcleaiances .arid'

SLIDE 20

Sideshwar ~"'~

~~1~lI::!~jfr~jJiz1fi1~i

SLIDE 21 District East Singhbhum (Jharkhand) "

• >\;0

I

• :;;;oo,,~~::<',;'+"'i;;::»':;

" ;c , 'O~,;h;'-:;;,('>:o//"~'<}~'

• ',{;f;'~'

';i'?'\:\.,'t;; .

.~ r o n

.. '% {tV{ '&

• T,nl.
• ~ _ ~ ~ * ,x :ic " " < '

..o:,&r:

"

" District Alwar, Sikar, Jhunjhunu, Chhitorgarh (Rajasthan) District Balaghat (M adhya Pradesh) 6'" ~ ~ ..~. "'. V i" ;" ~ ' .~ " " ,~ ~ ~ .~ 2 $ ! t" ,~ 0 ~ " ,~ ~ " ,* & ." N ~ ~ 8 ~ ~ " '~ '.~ ~ ' '" ,' d .?i0 ."

• i8 :$ 0 0 .

"

• •• ' •••.• "z'.>''0'

.:i"@3,. Explo:ratton 'fdFMe;W«e>e;posits';

. ,'.-x" N+' ':y _ , .. A " < ,;,,,V . ." . ," ''''S ~- ,.,S""&;ii"xx.,0:::",''>-'<+- , :'.: '/0 '" 1;0-.,:/. < ~ ;

"

Notes: 1 Awarded RP in 580.73 sq km in the district

• f

Balaghat in M P 2 M ap not to scale and is presented

• nly to provide

an indication

• f approxim ate

locations

• f our m ining com plexes

SLIDE 22 ~,»" "',","A'" ~',,',@,3 'oY ':,;~~$':O '"'2«' A 'N"::,;"

• '1"-<!':.~?

;"'[.'11'\;> :i{<,,*,~"'" 'V::.' ;,0, '4<:- ~.;);, ''\:;;' ~',<' ,,'Y-;>--00--;~;; :,:*:'~'" . "'. "'. ,., .' ... '. ~"~""~""#!f».-"'ti;';':"/""'';;% ''''''''''i;':;,;~i;;;(\::\;y>;

'~. -'.' . !1.' ='.

" ".'.:; .•.....•••..•.+&.'~~.::."0

..•.

""'++J& "".k,~ '*

..

~:;:'0~.<.~ .. ~'.~.,:'.'. "~. :" ..

~:'~<v:';.'.)S,

, .;~{.t .'A ~t+i{i"'t'::l't'll\+~%~rbjeets

;;;J . '". 'w',X>i'j%.s«;x>;«~,%<w", .-ii*" ,,'"

~ ~ ~

@ mn

(lRrnwnt)

~

"" ?t>::'~><-:<0.f ::':ef'ii&2f",b3;;8i~,:f:,:>:':':':;~;:>,i~;'?;;H>< ~?~~:f>::':<;<~:":'/\':~ "'::",. ,;?;<;;A~:"'):?:', J+ ' "':>'1nd>';:;):':,:~:~'/?-'. ,.,:0.,' >

:'~0i~

J V . C o m p a h y o p e ra tio n w ill s ta rt from March

"'x

'V ".1

.,"'A w a rd e d c o n tra c t fo r in s ta lla tio n a n d . .

';.;', . '.." ':\ ':::'. ,,'. <ii".' ,>../.7 ,.,'<:":';<oi-",.. .. .,,<

• ',L~'<"!f:

'c o m m is s Io n in g

• f C o T p la n t
• f a n n u a l'c a p a c lty

"

.~ExtractionofMjnerals,fromi8opper,('f{')3:3million

to n n e a t M a la n jk h a n d .

\ofertails'jfj;)1tij~~lJf\,1w ~i;;,ctiy;y;';;~~,.~it'~i0;

'!r}' ". Ii "ftThewo';kat site 'commenced in April'2 0 1 7

'. 'n p la n t e x p e c te d 'ti:> s ta rt.tria lp ro a u c tio n

fro m /A p ril

",s~,L0!:;)tj!;2'b l''s": ':;&';irk~if.~,,0::~11M ,'''i;r?~&'$4't;h.L, .j{Kf:0:;.;.>t};.,; 'ii;;;;¥;fi'ix~&i.ijh'0;;~~~t,$»"W ::)i~;t~s,¥i~+,df.::' <'.,~{i;;ik":n:c-;;:~i0m< .;;.;j:::";-l\IJ't.b;'&F<;/+:.;t,,;,idll!~¥;;:;'i0~;'~;':;;"'JW"]ilM':,~;\,{;~%o:;"&iI<~~h:'i~ti~~~iq~;~i;;;;;>:.:;j4}elR+;YPA.:-x

. J \j w ith 'C M D C " f6'rexTOration~&;;;;[,~

:¥'SW dti;(:::1#0.'~:"jl$j!'K >~.;i0"';;K ,;.:-17~)h,10/f\;:"I}k;<'1~;*"i;.P»,<;,':":'0<,>"",",,;,>'i0li~'i"<'i;£ . II,? I,~~H&~m~~~~'~~t~f£~:~'~~~~~;i~~~~:~~'

SLIDE 23 C u rre n t O p e ra tio n s

• f H in d u s ta n

C o p p e r A n o d e C o p p e r C o n c e n tra te C a th o d e C o n tin u o u s R e fin e d C a s t C o p p e r C o p p e r R o d (C C R )

.~/

• •.•••••

tI "iiJ•.•1M

C o p p e r O re

• ,

C o p p e r M in e ~ ~ '" F:1$ ,y,'~

• ~,"!

"", ------------------------_._---,.

• O v e r a p e rio d o f tim e , c o n s id e ra b le q u a n tity o f C O T h a s a c c u m u la te d :

I

• 5 5

m illio n to h n e s a t M a la n jk h a n d C o p p e r P ro je c t (M C P )

• 4 0

m illio n to n n e s a t K h e tri C o p p e r C o m p le x (K C C )

• C o m p a n y h a d c o n d u c te d a s u c c e s s fu l p ilo t p ro je c t a t K C C
• A n d n o w it is s e ttin g u p a 3 .3 m illio n to n n e s C O T P la n t a t M C P

D u rin g th e B e n e fic ia tio n p ro c e s s ,

• 9 3 % -9 5 %
• re

is d is c a rd e d a s ta ilin g s ~ S ilv e r (g ra d e 9 2 .5 % )

• M e d ia g ra d e

M a g n e tite

~ /V;"'" """'

<"'; •..••. ,".'\. ,~

",',",.H '. v

• ...,/.,

.' ,-,_.- ~ G o ld (b u llio n g ra d e 9 0 % ) G la s s G ra d e S ilic a M in e ra ls E x tra c te d fro m C o p p e r T a ilin g s a t M C P .,.~ .. ~~-_ .••.•.....,..",.' ~v."". ~ I

1

,," . i

'~

. ' I

, C o p p e r , '{ ',T a ilin g s "; , .•.," ," " ,~ - , I

I t_._._._._._._._._._._._._._._._._._._._._

.•.•.•... _._ .•._ ... _ ... . ~~01\hi%(

SLIDE 24

Revenue EBITDA

17% (Rs. Mn.)

15,247

rI

~~~6211 FY 18 (9 mth) (Rs. Mn.)

€s'ID>

18% FY17

€~~

• Margin

14% FY16

14,106

16%

E:1Th>

FY15

13,954

Q~

• EBITDA

41%

• FY14

42% FY13

@1)

a Reserves & Surplus Total ~ BV per share (Rs) 5 589 6,071 , +54.3% )-

~,I .,;:,.,~

FY13 FY14 FY15 FY16 FY17 FY 18 (9 mth) Note: 1 EBITDA includes other income 2 EBITDA margin = EBITDA (including other income) I Revenues (including other income)

Net Worth

(Rs. Mn.) " /l,°/o

.•. \':l'~

~82 13,180 15,839 15,728 FY13 FY14 FY15 FY16 FY17 FY 18 (9 mth) Note: 1 Revenue includes other income

Net Income

(Rs. Mn.) 3,556 _ "~Ol ~,OOq 3% 5% 4% 377 O lt'~ 577

• -

, - , • FY13 FY14 FY15 FY16 FY17 FY 18 (9 mth)

• Net

Income

• Margin

Note: 1 Net Income margin = Net Income I Revenues (including other income)

SLIDE 25

London Metal Exchange (LME) Copper Prices

(US$/tonne)

5,154 5,215 6:554

7:104

;,:ot~i,<,.i<P

FY13 FY14 FY15 FY16 FY17 9 Mn Y18

USC INR Rates

80 70 60 50 40

Apr-2012 Apr-2013 Apr-2014 Apr-2015 Apr-2016 (US$/INR) Apr-2017

SLIDE 26 I

I

I

i,l

SLIDE 27

Shri Santosh Sharma

C hairm an & M anaging D irector and

& IIC D irector

(Finance & O perations)

• H olds a B achelor's

degree in E lectrical E ngineering, a LLB from R avishankar U niversity, R aipur and a M B A in M arketing from S ikkim M anipal U niversity. H e is also a m em ber

• f Indian Institute of M etals and Indian Institute
• f

W elding

• H e jO ined the C om pany

as G eneral M anager (O perations) and thereafter, he becam e E xecutive D irector (O perations) and also assum ed charge as U nit H ead of G ujarat C opper P roject, a unit of the C om pany, in June, 2015. S ubsequently he becam e D irector (O perations and finally C M D

• P rior to joining

H industan C opper Lim ited, he w as D G M (P rojects) in B hilai S teel P lant. There he w as conferred w ith Jaw ahar A w ard for outstanding perform ance for preparation

• f plan for installation
• f S olar P ow er U nits. H e had also

spearheaded the execution and m onitoring

• f a m ega project of construction
• f B last Furnace-8

in B hilai S teel P lant

• H olds a

M asters' degree in P hysics from B anaras H indu U niversity, a M asters' degree in P ublic A dm inistration from P unjab U niversity, a diplom a in S ocial W ork (D S W ) from C alcutta U niversity and has passed the B ihar Factory W elfare O fficers' E xam ination conducted by D epartm ent

• f Labour, G overnm ent
• f B ihar
• H as extensive

experience in all facets

• f H um an

R esources including H um an R esource M anagem ent, H um an R esource D evelopm ent, A dm inistration and Industrial R elations

• P rior to joining

H industan C opper Lim ited, w orked for around 24 years in S teel A uthority

• f India (S A IL) & as G M (H R )

in M TN L

Shri Anupan Anand

D irector (P ersonnel)

._-----------------------------------------------------------------------------------------------------

D irector (Finance)

• H olds a B achelor's

degree in M ining from N ational Institute

• f Technology,

R aipur and a M B A in International B usiness. H e is a qualified M ining P erson under M ines A ct, 1952, possessing first class M ines M anager C ertificate

• f C om petency

to m anage O pen C ast M etalliferous M ines H e has 35 years of varied and diversified w ork experience in C opper m ining (16 years at H C L), Iron O re M ining (11 years at N M D C ), B auxite M ining (3 years at B A LC O ) and in construction activities for infrastructure developm ents like S tate H ighw ays, M ining

• f R ock-P hosphate

& B auxite M inerals for S tate G ovt. and S tate M ining P S U s through private participation (5 Y ears). P rior to joining the B oard, S hri B hattacharya w as G eneral M anager (M ines) at M alanjkhand C opper P roject of the C om pany.

Shri Sanjay Kumar

• Bhattachluya

D irector (M ining)

• I=======--~~=-===.====::.=~~=-===-=.

I " J

SLIDE 28

Reserves

(m n tonnes)

E )

103.90 P roven

CD

141.76 P robable

€D.

245.66 T otal

Mining Lease

N ote: 1 S hall be extended as per M ineral (M ining by G overnm ent C om pany) R ules 2015

Copper Ore Production

('000 tonnes)

Resources

(m n tonnes) ~ ~

.~p:?)

cgj;#!>

~ .~ 9JD

1't 331.59

Metal - in- Concentrate Production

('000 tonnes) 160.21 63.67 M easured Indicated Inferred ~ . A verage G rade

Expansion Plans

• F rom

existing 2.0 m tpa to 5.2 m tpa

G ,., ""::,

":';:;<:'i),

"".

_

_-_. __ .'_ .. T otal F Y 13 F Y 13 F Y 14 21.2 F Y 14 F Y 15 F Y 15 F Y 16 F Y 16 F Y 17 F Y 17 S ource:JO R C E quivalent M ineralR esourceand O re R esource S tatem ent preparedby IM C .S R GC onsulting (P vt.)Lim ited.D atedS eptem ber 11,2010

27

SLIDE 29 "''C'" v.:r~-t.£~"':'",«. iJ..~.

,1i,1ii

rJ

,

Reserves

(m n tonnes)

Ci!»

Proven

~

Probable

~

121.61 Total

Mining Lease

N ote: 1 Shall be extended as per M ineral (M ining by G overnm ent C om pany) R ules 2015

Copper Ore Production

('000 tonnes) FY17 FY17 FY16 FY16 FY15 FY15

448

FY14 FY14 FY13 FY13 ('000 tonnes)

Metal - in- Concentrate Production

(108) ~ ~

<I?D

196.86 74.07 84.87 37.92

fl

.--...

. .... j j I M easured Indicated Inferred Total

Resources

(m n tonnes)

• Increasing

Surda M ines capacity from 0.4 M tpa to 0.9 M tpa,

• R eopening
• f C losed

M ines 1.71 M tpa and establishing new M ines 1.5 M tpa

Expansion Plans

C'o

Average G rade Source:JO R C Equivalent M ineraiR esource and O re R esource Statem ent preparedby IM C -SR GC onsutting (Pvt.)Lim ited.D atedSeptem ber 11,2010

28

SLIDE 30

• "';i4~:'~";;;:;;'.':':='::":;;:T"':";;;'C~'{(~"""~'C'!L'q~'hT'R:t1:;.;ir;:'-,,

"jI'

" , > . ; ~ ' 1 . - : r ; - ; ' - " ' ; " " - - f . ; l ~ ' ; ,

,..~Q

'. .

Reserves

(mn tonnes)

CD

E)

C D

. .

Area (sq. km.) Expiry

~ ~ ~

FY17 1,117 FY16 Nole: 1 Shall be extended as per Mineral (Mining by Governmenl Company) Rules 2015

Copper Ore Production

('000 tonnes) ('000 tonnes) FY13 FY14 FY15

Metal - in- Concentrate Production ~

94.87 Total 44.25

~

18.27 Probable

E)

_ 1 \ 2 2 . 25.98 Proven

Resources

(mn tonnes)

• Increasing

Khetri & Kolihan Mines capacity from 1.0 Mtpa to 2.5 Mtpa and development

• f new mine Banwas

0.6 Mtpa Measured Indicated

• Average

Grade

Expansion Plans

Inferred Total FY13 FY14 FY15 10.5 FY16 10.5 FY17 " . : i ,,,.<:,:.-.,, ,~;,;;.;q'j.::.,;~~"-,,,,;*,">;,: ,,~j::<;:':'~;';,~~,j;: :".:.,.;: '~\~;:~:btj;::;;:~~,:;;:::, ",:.~~;::-C-:-':7,-'.-:- '.'._ . , c . '. _ , ', '': : ':::;:S::-,::T'~",l''-,i;;f .,;"' f",~'''_,;, , :', ,",'.. ' ~1.'~SouT~~,'J.OR_CJ:;qu,i~al,e~LMj~~!al.Reso.u,~1' a'l,~9reResou~,.~tatem~~~ prep~_~.~, by~!

..

~ G . ~ ~ ' 3 q , , 9 ? ~ S ~ ~ i n 9 .j:~{~t:~";11A2-11i0i:biE;j]i'W~'i'..;'i:t,C',;k.: ... ;,..;.t:i-'~yjt'~'-;r"\;:) " \ 1 , ; " , , : < ~ : t i A : + t t ' w . 4 • .;:t)';',:,!J,;ld;I,;F1I;f~;i>r0~'~;'n)j::i: '.' ';;i,' .•:' ;.. ;~.;

• .,-,;'-'L

'!i"J"t!"!~~JIf4i11!ti{i1!ffijj;f;"-"j",t.,":

SLIDE 31

I

I iJiO:. lIi'.41 iii:.. """""' ;iiiill$ii~ :, j I. '

• '"

I. ", , .." "" '"".

,(t~."

~ ".. . .' ., h...., .,

*'

• ,

' .' ."i"¥ .' '.~ ..•.. ,'. ..' ,.... ._ ~:,~.;"

'I"r . ., ..'_

y

.

• '.'

_...•• tl.::. .•......

~.,~i.74).. : .. 11 •..

'~ ...~ '., '. '-.~. ,.; I', ,,,'. ~ '""" MS*

'5W '

• r:

Ie.

tv

"t1"

• .,;11:;,.,::1'."".-.

~ ... ' I

• If

'r

Yilt .

r $

'D' ..

;:¥;...... " " :t

• December

1989

• Continuous

Casting Product Capacity Technology

• Continuous Cast Copper Rods (CCR)
• Inputs (Cathodes) sourced from

ICC and tolled cathodes from KCC

• 60,000 tonne pia.
• Diameters: 8mm, 11mm, 12.5mm, 16mm,

19.6 (+1- 0.50 mm)

• Sourced from Southwire Co., USA
• World's leading technology for producing premium quality CCRs
• Rods produced by this technology meet the most exacting standards conforming

to ASTM B 49/98 &Ior IS 12444/1988 Location

~'> '

• Taloja is a 43 km drive from Mumbai airport and enjoys most of the facilities of a

metro city

• Vashi is another important commercial hub close to Taloja
• The district headquarters Alibagh, is a popular tourist spot

I

30

I

SLIDE 32

• HCL acquired the secured assets of Jhagadia Copper limited

(JCL) from ARCIL Sarfaesi Act in April 2015 and renamed it as Gujarat Copper Project (GCP)

• Copper smelting and Refining - Largest secondary recycler in India capable of

producing LME "A" grade Copper Cathodes.

• Flexibility to process various grades of copper/precious

metal bearing raw materials including E-scrap.

• Copper Cathodes, conforming to LME-A grade. Copper Cathode produced

is

• ne of the best in the industry.
• 50,000 tonnes p.a.

Capacity ,Product

"ji ""')):'<":::":0>;('., ,".' ";' '; i0~~I(\j~;i,s,~,~,::'t." l";'

Tectlnology

• Smelter: Top Blown Rotary Converter (TBRC) process using Kaldo furnace from

M/s Boliden Contech AB, Sweden

• Refinery: ISA Process from M/s Xtrata, Australia
• Phase I: Refurbishment
• f plant completed, commercial production started from

October 2016. This included anode furnace, anode casting and refinery

• perations
• Phase II: Refurbishment
• f smelter commenced

(expected to be completed by April 2018). This includes kaldo furnace, slag granulation, effluent treatment

• plant. After commencement
• f Phase II, plant will start operating as per design

capacity and production

I

31

I

SLIDE 33 W N

!

6

.,

SLIDE 34 w w .".

~.

,'i"" .••.

... ~-

.. .c"''\.

.)

.. "

",..

• I .

,)

( fl'

SLIDE 35

'"

'-

'0

• '')

\- !I ,I

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II

t

r-t- II " '$ I

~ ~

• _._j

,

SLIDE 36 :1-

n

~., .:(: :£

t.[U2

f

!' V

I

I