Hindalco Industries Ltd. — Investor Presentation 2021

Mar 24, 2021

24[th] March 2021

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BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, 5th Floor Dalal Street Plot No. C/1, G Block Mumbai: 400 001 Bandra Kurla Complex Scrip Code: 500440 Bandra (East) Mumbai – 400 051 Scrip Code: HINDALCO Mr. Daniel Schammo Banque Internationale A Luxembourg Societe Anonyme 69, Route d’Esch L-2953 Luxembourg Fax No. 00 352 4590 2010 Tel. No. 00 352 4590-1

Sub: Intimation regarding participation by Hindalco Industries Limited (‘the Company’) at the ESG CXO e-Series Virtual Conference organised by Edelweiss Securities Limited.

Ref: Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘Listing Regulations’)

Dear Sir/ Madam,

Pursuant to Regulation 30 of Listing Regulations, enclosed herewith is an Intimation regarding participation by the Company at the ESG CXO e-Series Virtual Conference Organised by Edelweiss Securities on Thursday, 25[th] March 2021.

Attaching herewith is the presentation copy to be showcased in this event/conference for your reference.

Thanking You

Yours faithfully

For HINDALCO INDUSTRIES LIMITED

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ANIL MALIK President & Company Secretary

Hindalco Industries Limited

6[th] & 7[th] Floor, Birla Centurion, Pandurang Budhkar Marg, Worli, Mumbai – 400030, India T:+91 22 66626666/62610555 | F:+912262610400/62610500 | W: www.hindalco.com Registered Office : Ahura Centre, 1[st] Floor, B wing, Mahakali Caves Road, Andheri (East), Mumbai – 400093, India

Corporate ID No: L27020MH1958PLC011238

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Hindalco Industries Limited

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Presentation on Sustainability @Hindalco at The ESG CXO e-Series Virtual Conference 2021 organised by Edelweiss Securities Ltd

Presented by :

Ms. Deeksha Vats, Chief Sustainability Officer, Aditya Birla Group Ms. Vaishali Surawar, Chief Sustainability Officer, Hindalco Industries

25[th] March 2021

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Greener, Stronger, Smarter
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Agenda

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1. Aditya Birla Group Sustainable Business Model 2. Hindalco’s Sustainable Business Strategy, Actions & Performance 3. Hindalco’s Approach To Governance

2. Environmental Stewardship: Approach, Examples

3. Hindalco’s People Focus: Approach, Examples

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Determining Ability to Sustain - ABG Businesses Sustainable Business Model and Framework

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Using 4-Dimensional Approach to Navigate ABG Sustainable Business Model

D imension 1: Industry sector of operation D imension 2: Geography of operation D imension 3: Value chain approach to include key stakeholders D imension 4: Time horizon

Operational aspects from:

• legal compliance (now/ future),

• best practices

• select stakeholder requirements

• immediate/ shortterm

• Linked to

“responsible stewardship”

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Strategic aspects from:

• Strategic stakeholder engagement

• Future proofing exercises – horizon scanning, risk assessments

• Includes ENABLERS to implementation – Governance, People, Technology

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Four Steps Towards Transition To Sustainable Businesses

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1 Identify and understand Value Identify and prioritize material 2
chain aspects across aspects across time horizons
geographies for a sector and stakeholders , through:
1. Internal Context = strengths, weaknesses Immediate/ short term
Sourcing
2. External context = risks, opportunities through aspects under
3. Material issues at business, group level Responsible Stewardship
Manufacturing
Sales, marketing, Stakeholder Engagement –
distribution strategic and generic
Leadership direction
Customer use Purpose, Vision, Mission, Values
Future Proofing – horizon
End of life scanning + ERM
Sustainable Business Strategy with Time
3
Based Targets, Actions Plans
Enablers – (i) people; (ii) systems; (iii) assets; (iv) technologies (process + digital); (v) partnerships, platforms
Measuring, Monitoring Progress Through
4
Deployment of Annual Plans
Long Term ERM
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Aditya Birla Group - Sustainability Policies and Standards

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Technical, Management Standards Focus Areas

Group Policies

▪ Air ▪ Resource Conservation ▪ ▪ Biodiversity Safety ▪ Contaminated sites ▪ Security Responsible ▪ ▪ Energy and carbon Supplier and Contractor ▪ Stewardship Health ▪ Transport ▪ ▪ Human rights Waste ▪ Noise ▪ Water ▪ Product stewardship Stakeholder ▪ Stakeholders Engagement ▪ Acquisition and joint venture ▪ Project development ▪ Future Proofing Crisis management ▪ ESIA

• Environmental policy

• Energy and Carbon Policy

• Water stewardship policy

• Biodiversity policy

• Health policy

• Safety policy

• Security policy

• Product stewardship policy

• Supply chain and procurement policy

• Wood fibre sourcing policy

• Transportation policy

• Human rights policy

• Stakeholder Engagement policy

• Future proofing policy

• Crisis management policy

• Quality policy

• Responsible care policy

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Implementation of ABG Policies, Standards

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Platform and tools:

ENABLON, SAQs on WASH, ENHESA, TSs

• ENABLON available across at businesses, sites

• SAQs filled at sites, scores then reviewed

• Excellent diagnostic and tracking tools

Expert help:

SMEs working with business teams

• Appropriate use of framework at a business and its various sites

• Projects, programmes, workshops

• Technologies, tools, networks

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• Results published as heat maps along with list of findings

• SAQ findings to be action plans for change

• Awareness building

• Expertise development in business

• Support on cross-business and businessspecific topics

Aspect specific Sustainability Working Sustainability e-learnings GiS Tool Pilot projects workshops Conference Groups reports

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Hindalco’s Sustainable Business Strategy, Actions & Performance

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Our Purpose … Why it exists, why it does what it does ?

WE MANUFACTURE MATERIALS THAT MAKE THE WORLD

GREENER STRONGER SMARTER

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9 EXCELLENCE BY DESIGN 9

Hindalco Industries Limited

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What Does Sustain-ability Mean To Hindalco?

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It is about Hindalco’s ability of sustain in wake of megatrends and stakeholder expectations

RESILIENCE

RELIABILITY

RESPONSIBILITY

Resource Security

• Fully integrated aluminium business model providing support in low commodity cycle

• ▪ Long term supply contracts with miners assures uninterrupted supply of copper concentrate

Balanced Product Portfolio

(LME v/s Non-LME linked)

• ~80% EBITDA of the total business in nonLME Linked

Strong Balance Sheet

• Consolidated Net Debt to EBITDA at 3.09x as on Dec 31, 2020 and expected reach 3x by FY2021-end

Operations

• Operational excellence based of safety and Quality

• Digitalization to drive productivity

Stakeholder Engagement

• Supplier Engagement

• Customer Centricity

• ▪ Employee Stewardship

Product Stewardship

• Focus on downstream & Value-Added Products

• Recycled metal

Environment Sustainability

• Environmental Stewardship

• ▪ Climate Change

People

• Occupational Safety & Health

Community

• Social Initiatives (CSR)

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Strong ESG Commitment

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ENVIRONMENT

• Continued Emphasis On Recycled Content

• Net Carbon Neutrality By 2050

• Zero Waste To Landfill By 2050

• Water Positive at mines By 2050

• No Net Loss On Biodiversity By 2050

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SOCIAL

• Zero Harm-occupational Health And Safety

• Diversity And Inclusion

• Commitment To Community And Society Along With Creation Of Sustainable

Livelihood

• Affirmation To Human Rights

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GOVERNANCE

• Highest Level of Values And Transparency

• Strict Adherence of Code Of Conduct

• o Best in class in Corporate Governance

• Highest Levels of Information Security/Cybersecurity

• Customer and Supplier centricity

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Hindalco in DJSI Year Book 2021

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Inclusion in DJSI Sustainability Year Book 2021

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	Sustainability Leaders 2021	Sustainability Leaders 2021
	S&P Global Gold Class
	Hindalco Industries Limited*	India
	S&P Global Bronze Class
	Alcoa Corporation	United States
	Norsk Hydro ASA	Norway
	Industry Statistics
	Number of companies assessed	13
	Market capitalization of assessed companies (in USD Billion)	51.4
	Number of companies in yearbook	3
	Market capitalization of companies in yearbook (in USD Billion)	18.8

* S&P Global Industry Mover

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Environmental Stewardship: Approach, Examples

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Novelis’ Progress Since FY 2007

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Recycled Content Evolution

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26% 59%
lower water 30%
Energy intensity
lower greenhouse
gas emissions
Waste
25%
lower energy
Water
intensity
40% 30%
Carbon
lower non-dross
intensity
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Legacy Novelis plants progress, FY20 vs baseline (average FY2007-09)

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Continued Emphasis On Recycled Content – Novelis’ Progress

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INCREASE RECYCLING-
-
CLOSED LOOP
RECYCLED FRIENDLY
RECYCLING
CONTENT SOLUTIONS
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• 75% of all aluminum ever produced is still in use today

• Invested approximately $700 million since FY11 to grow total recycling capacity to approximately 2.5 million tonnes

• Identifying additional recycling and casting investments over next five years to improve recycling content and increase casting capacity

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Novelis recycles more Closed loop recycling
than 74 billion cans produces equivalent of
annually 30,000 F-150 truck
Back on the shelf in 60 bodies entirely from
days scrap each month
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Net Carbon Neutrality By 2050 – 3 Key Decarbonization Levers

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PROS
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• CONS

• Aluminium smelting is energy intensive (Al2O3 bond to be broken)

• Aluminium smelting is energy intensive

▪ Aluminium is infinitely recyclable

• Life cycle of an aluminium product is a renewable

• Process GHG emissions - PFCs + use of carbon as anode

• "cradle-to-cradle"

• Need for continuous, reliable power – traditional use of fossil fuels in India

• 95% less energy to recycle aluminium than to produce primary metal

• Light-weighting of transport offering reduction in vehicular GHG emissions

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• Replace plastic packaging for food, pharmaceuticals

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Hindalco’s 3 decarbonization levers as a Corporate

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1. Focus on energy efficiency &
clean energy
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1. Grow in downstream with increase in recycled content

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3. Product Stewardship, Supply Chain
Action e.g. More use of Aluminium in
Automotive
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Lever 1 - Renewable Energy

Additional 2.3 MW Solar was commissioned in Alupuram, Kerala unit in Sep’20 taking the total Renewable capacity of Hindalco to 49 MW, in line with our target of 100 MW by FY22

Statutory approval process has been initiated for Solar projects at four location totaling 42 MW

20 MW Renewable Hybrid with storage project with potential of supplying RTC (round the clock) power is under active consideration for Dahej, Gujarat unit

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Aluminium Sp. Energy (Indexed to FY15 Base)

Converting Oil fired furnaces with Natural Gas to reduce Carbon footprint at Dahej, Hirakud, Aditya

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Lever 3: Product Stewardship for Lowering Carbon Footprint

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Aluminium Aluminium Aluminium
Railway Wagon Trailer Bulker
Aluminium Aluminium Foil- Aluminium LPG
Bus Laminated Jute Bags Cylinder
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Sustainable transportation and logistics

India’s first lightweight aluminium trailer and bulker which helps transporters to save

• Fuel up to 15,000 litres/ trailer and 12000 litres/ bulker

• CO2 emissions ≈ 38 tCO2/ trailer and 30tCO2/ bulker

Aluminium Bus savings:

o Fuel upto 18,000 litres/ Al bus o CO2 emissions ≈ 45 tCO2 / Al bus

Sustainable packaging

A combination of aluminium and jute bags, for food items is a big step towards SUP (Single use Plastic) free INDIA

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Sustainable Aluminium Packaging / Vehicles / Building & Industrial Materials / EV Battery Boxes

An aluminum-intensive vehicle can achieve up to a 20% reduction in total life cycle energy consumption and up to a 17% reduction in CO2 emissions (Source: Aluminum Transportation Group)

Aluminium battery enclosures are up to 50% lighter than an equivalent steel design and extends vehicle range up to 10% further on a single charge

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Biodiversity – NNL by 2050, Green Cover for CO2 sequestration

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Cumulative Green Cover =
CO2 Sequestration
4300 3000
4200
2500
4100
2000
4000
1500
3900
1000
3800
500
3700
3600 0
FY19 FY20 FY21 (YTD)
Area (in Acres)
CO2 sequestration (Tons) = No. of Trees
Tonnes
CO2 Sequestration
Area under plantation
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• ~ 2855.29 T of CO2

• Sequestration potential per annum from our plants.

• Over 5% YOY growth in Green cover from FY19.

• Upwards of 26 lacs trees within owned area.

• Additional value created by them for the society every year in terms of O2 production and CO2 sequestration.

• 4 Biodiversity Management Plans developed alongside IUCN for

• scientific rehabilitation of flora and fauna at Utkal, Baphlimali, Aditya & GarePalma sites.

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Biodiversity – NNL by 2050, Green Cover Planning

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• Undertake the plantation planning for all Hindalco Plants (Non-BMP sites) – engaged experts

• Rolling the SoPs for plantation at all the sites.

• Standardising Green Belt Development

• Upgrading nurseries and sapling sourcing process

• Training and capacity building of staff on the gaps

Key considerations in SOP:

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• Species selection under tree, shrub, herbs and grasses for plantation

• Target identified green belt areas and proposed offset locations

• Avoiding Invasive/Exotic Species

• Immediate survival (after winters) and final survival (after 3 years)

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Inhouse
nursery
Sapling
Sourcing
Outside
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Hindalco’s Progress from FY 2010-11 till FY 2019-20

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20.60%

48.60% Lower specific freshwater intensity

Lower consumption

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ENERGY
WATER
22.19%
Lower emissions
GHG
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Waste Management

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Around 65% of our wastes* go for recycling and reusing

*Includes bulk wastes, hazardous and non-hazardous

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Hindalco : Zero Waste To Landfill by 2050

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Bauxite Residue (Red Mud)

Generation – 3.06 MT –YTD Dec’ FY21 Dispatch by rake – 1.07 MT – YTD Dec’ FY21

Bauxite Residue (% Recycled)

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62.0%
27.5%
7.3% 8.0%
FY 18 FY 19 FY 20 FY 21 - YTD
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Fly Ash
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Generation – 4.3 MT YTD Dec’-FY21
FA gets Green Berth – Maximising dispatches through Rail
Fly Ash (% Recycled)
82.2%
76.7% 77.6%
62.9%
FY 18 FY 19 FY 20 FY 21 - YTD
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Hindalco – 3 sites Single Use
Plastic (SUP) free
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Currently 72% Of The Waste Generated Is Recycled/ Reused, Balance 28% Goes For Secured Landfill/Storages/Incineration Targets To Reduce Landfill By 5% YoY

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Water Positive Hindalco @ Mines

Developing SOP Assurance by and Calculation third party

Training by DNV

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• Sample calculation (Samri)

• Quantity of Rainwater for Recharge (m3/Year) - X

• Total Water Consumption (m3/Year) - Y

• Water Positive for Samri Bauxite Mines – X:Y=18.25 times

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• Samri,
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Mines selected for Assurance by May 2021

• Baphlimali,

• Kathautia,

• Bagru Plateau

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Leading Practices on Water @ Hindalco

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Hindalco’s People Focus: Approach, Examples

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Occupational Safety & Health

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o Serious Injuries and Fatality prevention program implementation

LTIFR

• All Cat 5 & 4 Incident / Near Miss investigation using “TapRoot” Methodology and Software

• Corporate – Cross Entity Safety audit to bring in independent / outside perspectives in safety program.

• Mandatory Behaviour Based Safety Observations by all including senior leadership members.

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0.48
0.44
0.38
0.36
FY 18 FY 19 FY 20 FY 21 - YTD
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• Digital Safety initiatives like VEDA, Confined space cleaning all across Hindalco

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Digital @ Hindalco Value chain

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Sourcing	Mining	Refining	Down Stream	Outbound Logistics	Outbound Logistics	Sales and AS		Recycling
Mfg Technology	Coal and Bauxite	Smelting	FRP Extrusions Foils/Stocks	Multi Modal Transport		support
	Inbound logistics		Power Plants Chemicals
Digital / Smart Tracking	Safe Mines Digital	Connected Autonomous	Digital Smart	Multimode		Metal Ecommerce		Connected
Sourcing System	Operations	Operations Factory	Warehouse Operations	Tracking System		Agile NPD		Operations
• Procure to Pay automation	• Connected workers (SAFETY)	• Connected Shop floor - RT Perf	• Real time MIS, Costing, S&OP and	• GPS enabled transport tracking		• Mobile enabled end-to-end		• Connected Shop floor and
• Spend Analytics	• Fleet/Asset	• Connected Process	SPC	• RFID enabled		visibility		Managers
• Integrated planning and Inventory controls • Real Time process simulators • Digital Engineering and KM	Management • Predictive Maintenance • Mines Operations RTD • Coal Handling - Inside plant - From mines to plant	• Asset Predictive Maintenance • Spares Management • Connected workforce • Digital Twin Smelting ,CPP • AI/ AR/VR -Ops	• Automated material sorting and packaging • Real Time Inventory visibility • Real time RFID tracking of FG • AI/ AR/ VR • Block Chain	tracking of vehicles within factory • App based multimode tracking of Logistics • Block Chain and Smart contracting		• Metal Ecomm • Online Commit and Monitoring of OTIF, Quality, and Returns • Insight based NPD • Key Account Management • NPS Management System		• Connected Processes • Asset Predictive Maintenance
				Early gains and scaling up		In progress		Yet to start

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Human Rights Policy

Committed to respect the human rights of workforce and community around operations:

• Maintaining positive legal compliance

• Due diligence process aimed to Identify, assess & manage human right risks

• Diversity & Equal opportunities

• Respect the rights of all workers

• Barring child labour, forced labour, discrimination & harassment

• Grievance resolving in timely and culturally appropriate manner

• Engagement with all stakeholders on human right concerns related to business activities

• Awareness on human rights

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- Respecting rights Actions at our Sites during COVID

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Our Resilience

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Pre Operations Planning

• Compliance Management under DMA

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Apprx. 1.5
Thermal Santizers
Lakhs
scanning Apprx 4000
masks
across units Litres
issued
100% Pedal
Taskforce for
Compliance operated
with Aarogya crisis Sanitiser s all
Setu App management
units
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• Secure Permissions to run operations

• Establish - Standard Operating Procedures

• • Steering, Taskforce Committees

• Securing Frontline staff with PPEs, Thermal Scanners, UV scanning, Sanitizers, Automated Hand wash system

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Operations Management

• Daily morning reviews with Senior Leadership Team

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• Afternoon meets of Line manager with Leadership team

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• Implementation of SOPs – Mockdrills, Movement of Men, Material inside Units

• Daily Canteen Operations/ Food management

Isolation Social centers at Distancing Liaison for Unit/ at Units & permissions Colony Offices

• Daily Employee Entry Management

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Respecting rights - Actions around our Sites during COVID

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3.8 Lakhs masks
2466 Litres
Isolation Awareness distributed in Handwash 6500
Camps: 930 in Sanitizers in
centres = 51 431 villages . in 46
322 villages 75% SHG 69 villages
villages
Health Leaflets – Soap
Check up = People 29981 in =71175 in Bleaching Fumigation =
1984 Quarantined 212 254 powder = 44 villages
= 3744 7182 kgs
people villages villages
Sodium
Hypocloride Grocery Kits Meals =
People Thermal PPE Kits = 11084 lit. = 29937 in 7571 in 29
Discharge Scanners in 69
102 villages villages
villages
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Community Engagement by Hindalco

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Key focus areas in
CSR activities
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Social Vision is integrated into Business Vision

All are identified in consultation with the in a projects community 01 participatory manner. Baseline and other need assessment results are discussed with the community and consensually the projects are prioritized and the Annual plan is prepared accordingly.

Our focus areas are Education, Health care, Sustainable livelihood, 02 Infrastructure development, and espousing social causes.

• Education: Girl child education, Digital literacy

• Health and family welfare: Awareness and prevention camps

• Sustainable development & livelihood

Collaborative partnerships are formed with the Government, the 03 village panchayats & communities, NGOs and other like-minded stakeholders.

• Water & Sanitation

• Rural infrastructure development

• ▪ Social reform: Culture & Sports and women empowerment

04 Our Policy is in line with the Schedule VII of the companies Act, 2013

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Hindalco’s Approach To Governance

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ABG and Hindalco Values

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Acting and making On the foundation of decisions in a manner Integrity, doing all that is that is fair and honest. needed to deliver value to Following the highest all stakeholders. standards of professionalism and being recognized for doing so.

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An energetic, intuitive zeal that arises from emotional engagement with the organization that makes work joyful and inspires each one to give his or her best.

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Thinking and working Responding to internal and together across functional external customers with a groups, hierarchies, sense of urgency. businesses and geographies.

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Hindalco Code Of Conduct

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• Available on Hindalco’s website: http://hindalco.com/Investor-centre/Governance/Code-of-conduct

• Framed and adopted by Hindalco in compliance with the provisions of Clause 49 of the Listing Agreements entered into by the Company with the Stock Exchanges.

• The Code applies to the Members of Board of Directors and Members of the Senior Management Team of the Company one level below the Board Members, viz. Manager & CEO, CFO and all Unit Heads, Presidents, Joint Presidents and all other executives having similar or equivalent rank in the Company and the Company Secretary of the Company

• The Company Secretary is the Compliance Officer for the purpose of this Code.

• The Code is effective from 1st January, 2006. The Board of Directors at its meeting held on 14th August,2014 amended the Code to include point no.12 in Clause 3 being reference to duties of independent directors as set out in the Companies Act,2013 read with the Schedules and Rules thereunder.

• Also covers:

• Code Of Practice And Procedures For Fair Disclosure Of Unpublished Price Sensitive Information

• Vigil Mechanism: http://hindalco.com/upload/pdf/Vigil_Mechanism.pdf

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Governance and Compliance

As per Governance and Compliance Policy of the Company,

Governance and Compliance shall take place at three interlinked levels, namely:

1. Strategic supervision by the Board of Directors

2. Strategic Management by the Corporate Management Committees

3. Executive Management by the Units and Functional Heads

Working Chairman for all Committees

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Thank you

Corporate office

Hindalco Industries Limited Birla Centurion, 7[th] floor Pandurang Budhkar Road Worli, Mumbai - 400 030 Tel: +91 22 6662 6666 / 6261 0555

For Further Queries Please Contact :

Subir Sen, Investor Relations Telephone- +91 22 6662 6666 E mail: hilinvestors@adityabirla.com, hindalco.sustainability@adityabirla.com Website: www.hindalco.com

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