EBITDA stood at US$3.7 bn
Vedanta Resources plc reported Results for the Year Ended 31 March 2015
Financial Highlights
Revenue of US$12.9 bn in line with prior year
EBITDA of US$3.7 bn (FY2014 US$4.5 billion), adjusted EBITDA margin of 38%(2)(FY2014 : 45%)
Underlying Earnings/(Loss) Per Share(3) of (14.2) US cents (FY2014: 14.7 US cents)
Basic Earnings Per Share (EPS) of (654.5) US cents primarily on account of an impairment of
US$4.5 billion(net of tax)
Non-cash Impairment reflecting lower commodity price
Free cash flow after growth capex of US$1.0 billion (FY2014 US$1.3 billion)
Gross debt reduced by US$ 0.6 billion in H2 FY2015 and US$0.2 billion in FY2015 with gross
debt at US$16.7 billion in FY 2015(FY2014 US$16.9 billion)
Net debt up by US$0.5 billion to US$8.5 billion; US$0.8 billion spent on increasing our stake
in subsidiaries, Vedanta Limited and Cairn India Limited
Credit rating changed from BB to BB- by S&P, Moody’s retained at Ba1 with change in
outlook to negative mainly on account of lower oil prices
Final dividend of 40 US cents per share, full year dividend 63 US cents per share, up 3%
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