Investor Presentation Feb'21 - stl.tech - STL TECH
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stl.tech Investor Presentation Feb’21
Safe Harbour
Certain words and statements in this communication concerning Sterlite Technologies Limited (“the Company”) and its prospects, and other statements relating to the
Company’s expected financial position, business strategy, the future development of the Company’s operations and the general economy in India & global markets, are
forward looking statements.
Such statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements of the Company, or
industry results, to differ materially from those expressed or implied by such forward-looking statements.
Such forward-looking statements are based on numerous assumptions regarding the Company’s present and future business strategies and the environment in which
the Company will operate in the future.
The important factors that could cause actual results, performance or achievements to differ materially from such forward-looking statements include, among others,
changes in government policies or regulations of India and, in particular, changes relating to the administration of the Company’s industry, and changes in general
economic, business and credit conditions in India.
The information contained in this presentation is only current as of its date and has not been independently verified. No express or implied representation or
warranty is made as to, and no reliance should be placed on, the accuracy, fairness or completeness of the information presented or contained in this presentation.
None of the Company or any of its affiliates, advisers or representatives accepts any liability whatsoever for any loss howsoever arising from any information
presented or contained in this presentation. Please note that the past performance of the Company is not, and should not be considered as, indicative of future
results. Furthermore, no person is authorized to give any information or make any representation which is not contained in, or is inconsistent with, this presentation.
Any such extraneous or inconsistent information or representation, if given or made, should not be relied upon as having been authorized by or on behalf of the
Company.
The Company may alter, modify or otherwise change in any manner the contents of this presentation, without obligation to notify any person of such revision or
changes.
Persons should consult their own financial or tax adviser if in doubt about the treatment of the transaction for themselves
These materials are confidential, are being given solely for your information and for your use, and may not be copied, reproduced or redistributed to any other person
in any manner. The distribution of this presentation in certain jurisdictions may be restricted by law. Accordingly, any persons in possession of this presentation should
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© 2021-2022 Sterlite Technologies Limited
Company
Overview
1 2 3 4
Company The Digital Networks STL Unique Q3 FY21 STL Annexure
Overview Growth Story Value Proposition Updates Financials
© 2021-2022 Sterlite Technologies Limited
Core
We Integrate Digital Networks
Business
for Our Customers
Customer Cloud Citizen Large
Segments Telcos
Companies Networks Enterprises
End-to-End
Solutions
Optical Fibre FTTx Access Network
Connectivity Deployment Network Modernisation
Portfolio Optical Virtualised Network System
Offerings Interconnect Access Software Integration
Products Products Products Services
• Glass Preform • Programmable FTTx • Digital BSS Platforms • Network Design Services
Unique • Optical Fibre • Virtualised RAN • Network Operations • Fibre Rollout Services
Capabilities • Optical and Specialty Cables • RAN Intelligent Controller Platforms • Network O&M Services
• Optical Interconnect Kits Network Orchestrator • Data Centre Network
• Private Enterprise Network
©
© 2021-2022
2019-2020 Sterlite
Sterlite Technologies
Technologies Limited
Limited 4
Starting from optical fibres
We now build digital networks globally
2019
2017
Semiconductor Grade European Data
2014 Industry 4.0 Centre Services Community Memberships for
2012 Glass Plant IDS Acquisition Programmable Networks
Optical Fibre Centre for
1995 Centre of Smarter Networks
1988 Manufacturing Excellence
set up
Established in Optical Fibre Plant
in China
Aurangabad In Aurangabad
Optical Fibre Cable
Data Cable
Plant in Silvassa Manufacturing
in Dadra
set up
1993 in Brazil Telecom Software
2004 Acquisition Acquisition of
vRAN Investment
2013 Metallurgica Bresciana
in ASOCS
5G Virtualization and Acquisition of Optical
s.p.a., Italy 5G Radio Partnership Interconnect Company
2015 Optotec S.p.A Italy
2018
2020
© 2021-2022 Sterlite Technologies Limited 5
Our company in numbers
$687 Mn.
FY20 REVENUE
India (66%), EMEA (27%),
America (3%), China (2%), RoW (3%)
MANUFACTURING
7 UNITS
GLOBAL PRODUCTION FACILITIES SALES
50m fkm optical fibre capacity GLOBAL FOOTPRINT OFFICES
4 462 Zero 30+
INNOVATION CENTRES PATENTS WASTE TO LANDFILL NATIONALITIES
Research & Development Across the network layer Shendra, Rakholi, Dadra ~3,100 Employees
© 2021-2022 Sterlite Technologies Limited Assumption: 1 USD = 75 INR 6
We have a comprehensive Portfolio of offerings
Optical Interconnect Virtualised Access Network Software System Integration
Products Products Products Services
• Glass Preform • Programmable FTTx • Digital BSS Platforms • Network Design Services
• Optical Fibre • Virtualised RAN • Network Operations • Fibre Rollout Services
• Optical and Speciality • RAN Intelligent Controller Platforms • Network O&M Services
Cables • RAN Orchestration • Data Centre Network
• Optical Interconnect Kits • Private Enterprise Network
© 2021-2022 Sterlite Technologies Limited 7
We have four customer segments
Telcos Cloud Co. Citizen Networks Large Enterprises
to connect to enable to empower to create
each customer with the future applications and every citizen with secure networks for the
latest data applications immersive content by high-quality primary specialized enterprise use
while ensuring better bringing compute and storage connectivity cases
experience capabilities to the edge
© 2021-2022 Sterlite Technologies Limited 8
We are passionate about new technology development
4 Innovations Centres
with world class R&D capabilities
Optic Fibre Optic Fibre Centre for STL
Centre of Excellence, Cable Design Lab, Smarter Networks, Cloud Lab,
Aurangabad Silvassa Gurugram Ahmedabad
Innovating with Startups, Future Disrupters
462 Patents in Optical Connectivity, Network Software & Services and Access solutions
STL named as one of Top Tech Challengers in BCG Tech Challengers Report 2020
© 2021-2022 Sterlite Technologies Limited 9
With our technology focus & deep engagement, we have delivered
results for our customers
30% faster fibre to the 2x faster rollout for world’s 40% cost efficient 3x deployment speed for
home provisioning 1st Exabyte network SDN ready network digital inclusion
Using YogaliteTM Cable with Using LEAD360TM and FTTx Using FTTx MantraTM, iCORETM to Using LEAD 360 TM approach to
Micro-Module for a leading MantraTM for leading provide high-speed broadband in connect 7.5 mn people and 4,045
French Carrier South Asian Telco 4.5 mn homes in Telangana villages in Maharashtra
Citizen
Telco Networks
50% reduction in cabling 35% reduction in Network 7x deployment speed in
requirements installation cost Cloud Co. Large
Enterprises
modernisation 10k+ Kms OFC network
Using POWER-TxTM Solution for a Using TruRibbonTM to serve $500 mn multiyear project across $350 mn project for creating the
Global Cloud Co. to serve high high capacity data transfer 1600 sites to design, execute, world’s largest intrusion-proof
Speed data with power with extremely low latency O&M the Indian Naval Network network in J&K for Indian Army
© 2021-2022 Sterlite Technologies Limited 10Alongside, we have also delivered sustainable value for our
shareholders
+23% 5,087 5,154 +23% 1,164 1,104
3,205 789
2,594 542
2,275 475
FY 16 FY17 FY18 FY19 FY20 FY 16 FY17 FY18 FY19 FY20
Revenue (INR Cr.) EBITDA (INR Cr.)
+32% Consistently
563 34% delivered RoCE >20%
472 30%
for last 5 years
334 20% 21% 22%
201
154
FY 16 FY 17 FY 18 FY 19 FY20 FY 16 FY17 FY18 FY19 FY20
PAT (INR Cr. ) ROCE
© 2021-2022 Sterlite Technologies Limited FY 20 PAT adjusted for exceptional item net of tax 11Above all, we are driven by our purpose to transform
everyday lives across communities
Environment | Social | Governance
Eco-friendly &
Responsible CSR World’s 1st Sustainability CSR
Operations Initiatives ZWL Certified Goals Goals
Caring for our people & Enabling millions using Driving Sustainability 2030: Towards a Cleaner 2025: Facilitating a More
the environment tech & connectivity & Greener Future Inclusive Society
64,000+ MT 100%
Policies & Systems 1.32M+ Waste diverted from landfills 5 Million
on Human Rights, Labour lives impacted • STL manufacturing
locations ZWL certified • Impacting 5M lives
Practises, Fair Wages
94%
Signatory of our industrial waste does not go • Water Positivity • Undertaking 5M plantations
900,000 m3 To the UNGC into landfill
Water recycled and reused at STL
• Sustainable Sourcing • Replenishing 5M cubic
and replenished in surrounding meters of water in
communities 3,000+ 830 MT • STL products families
Plastic saved through innovative covered under LCAs communities
Rural women Empowered
packaging
6,000+ tCO2e
Avoided through in-plant initiatives 1,000+ 50%
and plantations in surrounding Individuals digitally empowered
3R Reduction in STL’s carbon
communities Approach to reduce, reuse, recycle footprint
© 2021-2022 Sterlite Technologies Limited 12CSR Initiatives and its Impact
STL Garv STL Academy
• Launched at a power packed • Now in Guinness Book
virtual event by Shri Amitabh world Record
Kant, CEO Niti Aayog
• World's largest online
• Industry’s first ‘Digital Inclusion’ workshop
solution.
• Impacting over 54k lives across
Innovating for good Skilling for a better future
Maharashtra, Telangana, and
Uttar Pradesh
Transform 86k
Rural India (Piloting in 11 villages) Trained Professionals
for digital readiness
16K
Results Certified Professions
• 27% increase in internet usage
Academy
• 76.2% women using training for deployment of future
supplementary education ready networks
• 50% more usage of Govt. Apps
• 8.7 average user rating
© 2021-2022 Sterlite Technologies Limited 13The Digital
Networks Growth Story
1 2 3 4
Company The Digital Networks STL Unique Value Q3 FY21 STL Annexure
Overview Growth Story Proposition Updates Financials
© 2021-2022 Sterlite Technologies Limited
14We have seen an evolution from Telecom to Digital
Agriculture Banking
Geospatial
AR/VR
Healthcare Entertainment
Video Voice
Digital
Connectivity
Content Platform CONSUMER ENTERPRISE
Storage
Processing
Apps Data
Analytics/AI Security
Defense
Content
Gaming Automotive
© 2021-2022 Sterlite Technologies Limited 152020 was a year of inflection for digital networks
User growth accelerated significantly Network creators decided to invest
a ~2Mn users added daily in 2020 b disproportionately
Multi bn. $ commitments, urgency
Enterprise spectrum saw huge demand in
US, UK, Germany,
Many companies applied to set up local
Jio Platforms, India raised $20.2 bn. capital 5G networks.
allocated $9.2 bn. In reverse auction for rural Announced investment of $10 Bn in US
digital opportunity fund data centres & offices in 2020
of connected o ulation g annual gro t rate
Figures from Statista
2021 has kickstarted the decade long network creation cycle
© 2021-2022 Sterlite Technologies Limited 16The decade of network creation
New technologies are solving for scale, reach and quality
5G FTTH O-RAN
4-5X Internet Mobile traffic
SCALE
more digital lanes • 113 operators launched • Europe 1 mn+ home • Airtel announced vRAN
5G in 48 countries passes/ year by BT, software across its 4G
CityFibre, TIM, Open Fibre, network
• 229 mn. 5G connections DGF and more
Millions of new users 4X faster adoption rate • Telefonica started ORAN
REACH • Aggressive 5Y plans: deployment
more digital kilometres
• As per GSA, 303 5G Germany, Italy and UK
commercially available • ORAN trials: DT,
as of Nov. 2020 • India: RJIO & Airtel plan Vodafone Idea, MTN &
4-5X Mobile Data speeds for 75 mn. & 40 mn. home STC.
QUALITY • China: planning 1.7 mn. passes
superior speeds, response base stations by 2021
(copper + wireless → fibre)
© 2021-2022 Sterlite Technologies Limited 17The decade of network creation
5G & FTTH deployments are revving up the optical demand
Optical fiber demand buoyed by
investments in digital infrastructure
Units: Mn. fkm.
N. America CHINA
Continued growth in Market started to grow on
deployments specially from back of 5G base stations
tier 2 / 3 carriers deployment
EUROPE INDIA
Buoyant FTTH demand, slightly Expected revival in 2021 on
slowed down by the second back of FTTH deployments &
H2 2020 estimated growth at 5% YoY, COVID wave demand from Bharatnet
2021 growth estimated at 7% YoY
© 2021-2022 Sterlite Technologies Limited Source: CRU 18The decade of network creation
Next gen networks are being built on 4 technology confluences
Close to the Edge By 2025, 75% of enterprise-generated data will be created and
EDGE At the Edge processed at the edge – as against 10 % in 2018
Seamless Wired & Wireless
FTTH network can be very easily made ready for 5G
CONVERGED
Optical & Radio with minimal additional investment
Micro data center market will leap from $3 bn. in 2018 to
Enhanced Experience
COMPUTE
Connectivity & Compute nearly $15 bn. by 2025
Agile, Scalable, Agnostic Dish plans to cover 70% of the US population by
DISAGGREGATED
Hardware & Software June 2023 with its standalone Open RAN-based 5G network
© 2021-2022 Sterlite Technologies Limited 19STL Unique
Value Proposition
1 2 3 4
Company The Digital Networks STL Unique Q3 FY21 STL Annexure
Overview Growth Story Value Proposition Updates Financials
© 2021-2022 Sterlite Technologies Limited 20STL predicted and prepared itself for these technology confluences
LARGE SCALE NETWORKS
SYSTEM INTEGRATION
10 Years Network Design & Integration Solutions
OPTICAL VIRTUALIZED
INTERCONNECT WIRELESS
(SOFTWARE, CLOUD)
Digital Network
25 years 5 years Integrator
Extraordinary track record Strategic alliances and
Globally respected product development
Close to the Edge
EDGE At the Edge
STL can integrate
Seamless Wired & Wireless
Optical Radio
CONVERGED & all these
Enhanced Experience
COMPUTE Connectivity & Compute technologies
Agile, Scalable, Agnostic
DISAGGREGATED Hardware & Software
© 2021-2022 Sterlite Technologies Limited 21We have 25 years of experience in optical connectivity
Optical Fibre Optical Fibre Cable Speciality Cable
Jiangsu Sterlite
Shendra Tongguang Fibre Co. Metallurgica
Waluj Rakholi Sterlite Conduspar Dadra &
Aurangabad Limited Bresciana
Aurangabad Silvassa Parana Nagar Haveli
India Haimen-City Dello
India India Brazil India
China Italy
Pure Glass Optical Optical Optical
Silicon Preform Fibre Fibre Cable Interconnect
(Restricted PlayersWe have expertise to integrate large-scale complex digital networks
Network Transformative Futuristic SDN ready
Modernisation digital inclusion state wide network
Bharatnet Projects Bharatnet Projects
Project Varun 87% Mahanet (A) 92% T-Fibre (A) 18%
Completed Completed Completed
(Indian Navy Project):
Mahanet (B) 34% T-Fibre (B) 13%
Completed Completed
Largest exabyte Modern Optical
Network Network
FTTH 2% Fiber roll out 21%
(Large Indian telco) Complete (Large Indian telco) Completed
© 2021-2022 Sterlite Technologies Limited 23We have developed an ecosystem in wireless access technologies
5G & Access
Solutions
Hardware Virtualization Radio Software
Zyxel Alpha networks
Academic Alliances Open Networking Standards
MIT | IIT-M RUTGERS
© 2021-2022 Sterlite Technologies Limited 24Our future roadmap is built on 5 strategic pillars
1 2 3 4 5
Technology-led Ecosystem Large – Scale Key Accounts Top Talent and
E2E Solutions Alliances and Complex Management Culture
Investments Integration
Increasing market Increase Addressable Developing better Target 21 KAMs Drive good returns
share by integrated Capex through integration practices globally to our stakeholders
technology strategic /community
investments
© 2021-2022 Sterlite Technologies Limited 25Q3 FY21
Updates
1 2 3 4
Company The Digital Networks STL Unique Q3 FY21 STL Annexure
Overview Growth Story Value Proposition Updates Financials
© 2021-2022 Sterlite Technologies Limited
26Our flagship optical connectivity portfolio is now complete
Tech-led solutions
Wide Ranging OI Portfolio
E2E integrated optical solutions Addressable market $8-10 Bn.
Spring board for combined offering
• STELLAR FIBRE - World’s leading bend
insensitive optical fibre
• CELESTA CABLE - Ultra high density
cable, rated better than the best
• Prepared Subsystems KITS-
Underground & aerial optical
interconnect kits
© 2021-2022 Sterlite Technologies Limited 27We have made tech-enhancements to our integration and delivery
solutions
Tech-led solutions STL LEAD 360° 2.0
Included drone AR VR based digital
aerial survey training
Everything Academy
Survey Training
Lean Agile Design Led
Approvals Planning
Robotic process
High-speed trenching
automation
machinery
360° Robust
Operations
Integrated remote
field management
© 2021-2022 Sterlite Technologies Limited 28We have launched a range of commercially viable wireless solutions
Tech-led solutions
5G Multi-Band Radio Garuda Wi-Fi6 Access Solution
Comprehensive Open RAN (Radio An integrated solution that
Access Network) solution spanning An O-RAN compliant, leverages Wi-Fi 6 technology to
across Radio Unit (RU), Centralized indoor small cell solution provide carrier-class connectivity in
Unit (CU) and Distributed Unit (DU) dense environment
© 2021-2022 Sterlite Technologies Limited 29We are investing in OFC capacity expansion
s
OFC capacity expansion to 33 mn. Optical fibre cable capacity
33
Ecosystem,
Investments
18
8
une
Mn. fkm
OFC expansion project is on track vis-à-vis timeline & budgeted cost
© 2021-2022 Sterlite Technologies Limited 30Large scale projects with tier-1 telco & cloud players
s
Large-scale
integration
One of the largest
Cloud Player
© 2021-2022 Sterlite Technologies Limited 31We are driving deep customer engagement with a focus on
21 key accounts in India, Europe & MEA
s
Built
Investing in
Organization Deep Engagement
Processes and
with KAM with Key Accounts
Capability
Expertise
Key accounts
management
Account Based Multi-disciplinary Revenue:
Organization Teams Increased share of Capex
Regional multi-disciplinary teams Hackathons, Tech sparks, War rooms
Spread:
Global Experts in Systems for KAM E2E Solutions Engagement
Customer Salesforce adoption, Blue Sheets
(Miller Heiman)
Adding Services, Cables, Networks design
and Virtualization to KAMs.
Engagement
From Nokia, Prysmian, Infinera
New Tech Development:
Driven by Customer POCs
Customer Involvement in 5G Multiband
Wifi6, High Fibre Count IBR
© 2021-2022 Sterlite Technologies Limited 32We are getting top global talent to drive strategic outcomes
Key Account Technology Policy UK Services Software
Sandeep Girotra Srinivasan Anjan Das Keith Rowley Saikat Mitra
Jagadeesan
Global Sales Head, Wireless Chief Policy Chief Delivery Chief Operating
Top talent
Head Product Advocacy Officer, Network Officer, Network
STL Development Officer Services, Software
UK
25 years of experience 30+ years of experience More than 3 decades of 20+ years of experience in 24 years of experience in
building Key Accounts in new product experience in communications Industry telecom industry leading
and driving 10x growth development & systems strengthening India driving strategic initiatives companies with special
at Nokia engineering innovation ecosystem. and transformation focus on technology
Worked as Executive programs innovation & customer
Director at CII engagement
© 2021-2022 Sterlite Technologies Limited 33STL Financials
1 2 3 4
Company The Digital Networks STL Unique Value Q3 FY21 STL Annexure
Overview Growth Story proposition Updates Financials
© 2021-2022 Sterlite Technologies Limited 34Our participation funnel is growing ….
Key Opportunities
Open Participation Funnel (Rs. Cr.)
LARGE EUROPEAN LARGE EUROPEAN
TELCO TELCO ~13,800
~12,000
FTTH ROLLOUT OPTICONN
LARGE INDIAN CITIZEN Q2 FY21 Q3 FY21
TELCO NETWORKS
ACCESS SOLUTIONS FIBER ROLLOUT
© 2021-2022 Sterlite Technologies Limited 35Translating into healthy order book
Open Order Book (Rs. Cr.) Order Book Spread (Rs. Cr.)
10,312 10,705 10,737 ~ 5,470
10,037
~ 3,766
~ 1,501
Q4 FY20 Q1 FY21 Q2 FY21 Q3 FY21
FY21 FY22 FY23 and Beyond
Open Order Book Customer Segment wise Open Order Book Split
Enterprises
O&M
17.5%
25%
47.8% Telcos
34.3%
Citizen networks 75%
0.4% Capex
© 2021-2022 Sterlite Technologies Limited
Cloud 36Revenue mix is balanced across customers and geographies
Key Order Wins Customer Segments Geographical Distribution
Q3 FY21 Revenues (Rs. Cr.) Revenues (Rs. Cr.)
5,154 3,350 5,154 3,350
2% 3% 3% 6%
3% 2% 4% 1%
• A five year, multi million dollar 25% 22%
contract for supply, warranty & 27%
maintenance of 5G RAN systems 11%
33%
23%
• Opticonn solution for a leading
telecom player in Europe
• IBR cable (6912 fibers) for a leading 64% 65%
hyperscale company. 56%
50%
FY20 9M FY21 FY20 9M FY21
Telcos Citizen Networks India China
Enterprises Cloud EMEA RoW
Americas
© 2021-2022 Sterlite Technologies Limited Focus markets are India, Europe & Middle East and America 37We have grown our revenues in Q3 on QoQ by 13% and YoY by 9%
1,314 247 238
1,203 1,160 1,160 226
212
876
131
Q3 FY20 Q4 FY20 Q1 FY21 Q2 FY21 Q3 FY21 Q3 FY20 Q4 FY20 Q1 FY21 Q2 FY21 Q3 FY21
Revenue (INR Cr.) EBITDA (INR Cr.)
91 87
80 • Capacity utilizations are at all time high and will see further
improvement going forward.
58
• Execution on the ground for services also continues to
improve on Q-o-Q basis.
• Inline with earlier expectation, we maintain that we shall
6
continue to grow in Q4 on Q-o-Q basis and H2FY21 shall be
Q3 FY20 Q4 FY20 Q1 FY21 Q2 FY21 Q3 FY21 better than H2 FY20
PAT (INR Cr.)
© 2021-2022 Sterlite Technologies Limited 38Financials: Abridged Version
Growth
P&L (INR Cr.) Q1 FY21 Q2 FY21 Q3 FY21
Q-o-Q (%)
Revenue 876 1,160 1,314 13%
EBIDTA 131 212 238 12%
EBITDA % 15% 18% 18%
Depreciation 74 82 68
EBIT 57 130 169 30%
Interest 50 50 50
Exceptional Item -
PBT 7 80 120
Tax 4 24 33
Net Income
6 58 87 48%
(After Minority Interest)
© 2021-2022 Sterlite Technologies Limited 39We are on track to deliver our Vision 2023
We shall double our revenue & reduce net debt/equity to half while maintaining RoCE >20%
Revenue : Rs. 10,000 Cr.
Growth Planning to grow on QoQ basis till 2023
Net debt/equity < 0.5
Capital Net debt/equity shall start to trend downwards
Structure from the second half of FY22
RoCE >20%
To generate sustainable RoCE > 20%, we have taken
Returns a conscious call to increase R&D investments while
maintaining an ebitda margin of 18% to 20%.
© 2021-2022 Sterlite Technologies Limited 40Annexure
1 2 3 4
Company The Digital Networks STL Unique Value Q3 FY21 STL Annexure
Overview Growth Story Proposition Updates Financials
© 2021-2022 Sterlite Technologies Limited 41Strong corporate governance
Independent Directors on the Board of STL
Kumud Srinivasan Sandip Das
(Non-Executive & Independent Director) (Non-Executive & Independent Director)
• VP and Director of Non-Volatile Fab Manufacturing and • One of Asia’s most respected telecommunications professionals
Automation Systems at Intel Corporation and an acclaimed Chief Executive
• Has spent 30 years at Intel in US, leading multiple global • Ex-MD of Reliance Jio, Group-CEO, Maxis Communications and
functions, prominent ones being R&D for technology Hutchison Essar Telecom (now Vodafone), India
manufacturing, industrial automation and IoT for manufacturing • One of the founding members of private telephony in India and
facilities was part of the group of individuals that founded Hutchison Max
• She served as the President of Intel India from 2012 to 2016 Telecom in 1994
S. Madhavan B. J Arun
(Non-Executive & Independent Director)
(Non-Executive & Independent Director)
• Fellow member of institute of chartered accountants of India
• Holds directorial positions in top listed companies like HCL • Founded and led multiple successful ventures in silicon valley
technologies, ICICI Bank, UFO Moviez and Transport Corporation including California Digital, a Linux-based HPC leader and Librato,
of India a software company
• Had set up a successful indirect tax practice, which got merged • Ex CEO of July Systems - a location-based mobile management
with PWC. platform
• Held leadership positions for over 14 years at PWC and was • Currently the vice president of Tie global and remains dedicated to
instrumental a leading tax practice fostering entrepreneurship in technology community
© 2021-2022 Sterlite Technologies Limited 42Corporate structure & shareholding pattern
Corporate structure
As on Dec 31st, 2020 Shareholding pattern
Only Subsidiaries that are material are disclosed
Source: Company information; Karvy Shareholding Services; Data as of Dec 31st, 2020
Public Volcan
shareholders investments
45.4% 54.6%
Vedanta Resources Plc.
33.6%
Non Institutional
z
Holding
54.6%
Promoters and
Sterlite Technologies Limited Promoter Group
58% 75% 11.8%
Brazil JV China JV Institutional
Holding
80%* 100%
Impact Data Solutions (IDS) Metallurgica Bresciana
*Balance 20% will be acquired based on an earn‐out model, over the next few years.
© 2021-2022 Sterlite Technologies Limited 43Our Values © 2021-2022 Sterlite Technologies Limited 44
STL Leadership
Dr. Anand Agarwal is the Group CEO of STL and is passionate about driving technological advancement to impact
everyday lives. Recognising the exponential growth in data consumption and shifts in the global technology
landscape, Anand has navigated STL from an optical connectivity company to a global leader in end-to-end data
network solutions.
Anand is driving STL as an industry leading integrator of data networks with core capabilities in optical connectivity,
radio engineering and networking software. Anand was honoured with the prestigious ‘Broadband Infrastructure
Leader Award’ in 2016 and “Pathbreaker of the Year” in 2019 for transforming India’s digital infrastructure at the
Telecom Leadership Forum.
A PhD in Materials Engineering from Rensselaer Polytechnic Institute and B.Tech from IIT Kanpur, Anand is a
hands-on technologist on advanced photonics and programmable networks. He is a firm believer in empowering and
transforming lives through innovations in technology.
@anandagarwal2 @anand1agarwal
© 2021-2022 Sterlite Technologies Limited 45Led by an executive team with extensive experiences © 2021-2022 Sterlite Technologies Limited 46
Thank You
beyond tomorrow
© 2021-2022 Sterlite Technologies Limited 47You can also read
