Financial Highlights
Revenue of US$15.0 billion, up 7%
EBITDA of US$4.9 billion, up 21%; EBITDA margin of 45%1
Underlying EPS2 of US$ 1.33, down 6%
Free cash flow of US$3.5 billion before growth capex, and US$1.5 billion after growth capex
Net Debt reduced by US$1.5 billion, gearing ratio reduced to 31% from 35%
Strong balance sheet with Cash and Liquid Investments of US$8.0 billion
Final dividend of 37 US cents per share, up 6%
Business Highlights
Significant production growth across the portfolio
Record production of mined zinc-lead and integrated silver at Zinc India
Record oil & gas production driven by 32% higher output at Rajasthan block
Strong cost performance despite industry-wide inflationary trends
Recommenced oil & gas exploration drilling in Rajasthan and achieved a successful discovery in April 2013
Mine life extensions at Zinc-India, Copper and Iron Ore operations
Karnataka iron ore mining restrictions lifted in April; continued state-wide restriction on mining in Goa; Lanjigarh approvals progressing
Group simplification received approval from High Court of Bombay at Goa; Madras High Court Order awaited
