Investor Presentation Nov'20 - stl.tech - STL TECH
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stl.tech Investor Presentation Nov’20
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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© 2020-2021 Sterlite Technologies Limited
Company
Overview
1 2 3 4
Company The Digital Networks STL Unique Q2 FY21 STL Annexure
Overview Growth Story Value Proposition Updates Financials
© 2020-2021 Sterlite Technologies Limited 3
Core
We build digital networks
Business
for our customers
Customer Cloud Large Citizen
Segments Telcos
Co. Enterprises Networks
End-to-End
Solutions
Optical Fibre FTTx Access Network
Connectivity Deployment Network Modernization
Portfolio Optical Virtualised Network System
Offerings Interconnect Access Software Integration
Products Products Products Services
Unique Glass Preform Fibre & Cables Virtual Network Software Telecom Software Network Design
Capabilities
Optical Interconnect Radio Access pFTTx Fibre Deployment O&M
© 2020-2021 Sterlite Technologies Limited 4
Starting from optical fibres
We now build digital networks globally
2019
2017 Semiconductor Grade
2014 Industry 4.0 European Data Centre 5G Virtualization and
2012 Optical Fibre Centre for Glass Plant Services IDS Acquisition 5G Radio Partnership
1995 Centre of Smarter Networks
1988 Manufacturing
set up Excellence
Established in Optical Fibre Plant
Aurangabad In Aurangabad in China
Optical Fibre Cable Data Cable
Plant in Silvassa Manufacturing
in Dadra
set up
1993 2004 in Brazil
Telecom Software
Acquisition Acquisition of
2013 Metallurgica
vRAN Investment Acquisition of Optotec,
2015 Bresciana s.p.a., Italy in ASOCS, Israel A leading Optical
2018 Interconnect company
2020
STL has signed the definitive agreement to acquire Optotec. The transaction is subject to customary regulatory approvals and is expected to close before the end of FY21 5
© 2020-2021 Sterlite Technologies Limited
Our company in numbers
$736 Mn.
FY20 REVENUE
India (66%), Europe (22%),
China (3%), Rest of world (9%)
MANUFACTURING
7 UNITS
GLOBAL PRODUCTION FACILITIES SALES
50m fkm optical fibre capacity GLOBAL FOOTPRINT OFFICES
4 425 Zero 30+
INNOVATION CENTRES PATENTS WASTE TO LANDFILL NATIONALITIES
Research & Development Across the network layer Shendra, Rakholi, Dadra ~3,100 Employees
© 2020-2021 Sterlite Technologies Limited 6
We have a comprehensive Portfolio of offerings
Optical Interconnect Virtualised Access Network Software System Integration
Products Products Products Services
• Glass Preform • Programmable FTTx • Telecom Billing Operations • Network Design Services
• Optical Fibre • Virtualised Radio Access Software • Fibre Rollout Services
• Optical and Speciality Network • Monetization and • Network Operations &
Cables • RAN Intelligent Controller Engagement Software Mgmt. Services
• Optical Interconnect • RAN Orchestration • Data Centre Network
• Private Enterprise Network
© 2020-2021 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
© 2020-2021 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
425 Patents in Optical Connectivity, Network Software & Services and Access solutions
Innovating with Startups, Future Disrupters
© 2020-2021 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
© 2020-2021 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%
30% delivered RoCE >20%
472 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
© 2020-2021 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
SURE CSR World’s 1st STL STL
Packaging Initiatives ZWL Certified Garv Academy
Caring for the environment Enabling millions Driving Sustainability Innovating for good Skilling for a better future
8k 1.32M 65k Transform 72K
trees saved lives impacted tons diverted from landfill rural India (Pilot across 3 Trained Professionals
spaces states) for digital readiness
Our Initiatives
5.3k 96% Results 10K
MT CO2 reduced Education : Smart Nandghars, of our industrial waste does not 27% increase in internet usage Certified Professions
Digital Empowerment go into landfill
76.2% women using
5R Health : Mobile Medical Unit supplementary education Academy
Approach – Recycle, Resuse, Reduced training for deployment of
Reduce, Refuse, Remove Environment : Jaldoot, Greenbelt CO2 emissions significantly 50% more usage of Govt. Apps future ready networks
Empowerment : Jeevan Jyoti 8.7 average user rating
© 2020-2021 Sterlite Technologies Limited 12The Digital
Networks Growth Story
1 2 3 4
Company The Digital Networks STL Unique Value Q2 FY21 STL Annexure
Overview Growth Story Proposition Updates Financials
© 2020-2021 Sterlite Technologies Limited 13We have seen an evolution from Telecom to Digital
Agriculture Banking
Geospatial
AR/VR
Healthcare Entertainment
Video Voice
Digital
Connectivity CONSUMER
Content Platform ENTERPRISE
Storage
Processing
Apps Data Analytics/AI Security
Defense
Content
Gaming Automotive
14Digital network growth journey has only just begun
Need to solve for
SCALE
We see a
decade long digital REACH
network creation cycle
QUALITY
© 2020-2021 Sterlite Technologies Limited 15A new exponential growth awaits us
Exponential
12 Growth
Global IP Traffic Growth in Zettabytes ( 10^21 bytes)
9.97
10
SCALE
7.76
8
6.04
6
4.70
3.82
4
3.04
3 2.41
1.87
2 1.40
0.87 1.06
0.60 0.72
1 0.34 0.46
0
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Source: Cisco
© 2020-2021 Sterlite Technologies Limited 16Digital networks would need expansion to connect half of
world’s population
2020 – Un-connected Population
100 100
61 55 Nearly 39% of the world still
remains un-connected in 2020
REACH India still needs to connect 45%
45
39 of its population
Global India
Internet Users Non Internet Users
© 2020-2021 Sterlite Technologies Limited Source: GSMA, TRAI 17Significant investment in digital network quality is
required to support new applications
High Quality Digital Experience not available
80%
90
% 82
%
Multiple Large developed &
65
60
developing economies shall
%
% 52
%
adopt FTTH
16%
24
4% %
3% 3%The digital network will need to reach everyone at
scale and quality
4-5X Internet Mobile traffic
With high capacity fibre cables, 5G
SCALE more digital lanes
Millions of new users
Connect every home, every enterprise
REACH more digital kilometres
3X Mobile Data speeds Using software to manage network traffic
QUALITY superior speeds, response (copper + wireless à fibre)
(tar à cement)
© 2020-2021 Sterlite Technologies Limited 19These Digital Networks are different from past networks
& have 4 unique characteristics
Close to the Edge
At the Edge
EDGE
Seamless Wired & Wireless
Optical & Radio The need is to
CONVERGED
integrate all
Enhanced Experience
these
Connectivity & Compute Technologies
COMPUTE
Agile, Scalable, Agnostic
Hardware & Software
DISAGGREGATED
20STL Unique
Value Proposition
1 2 3 4
Company The Digital Networks STL Unique Q2 FY21 STL Annexure
Overview Growth Story Value Proposition Updates Financials
© 2020-2021 Sterlite Technologies Limited 21STL unique value proposition
LARGE SCALE NETWORKS
SYSTEM INTEGRATION
10 Years Network Design & Integration Solutions
OPTICAL VIRTUALIZED
WIRELESS
Converged
INTERCONNECT
(SOFTWARE, CLOUD)
Digital Network
at the Access
25 years 3 years (last mile to the end user)
Extraordinary track record Strategic alliances and
Globally respected product development
Close to the Edge
EDGE At the Edge
Seamless Wired & Wireless STL can
Optical & Radio Integrate all
CONVERGED
Enhanced Experience these
Connectivity & Compute
COMPUTE Technologies
Agile, Scalable, Agnostic
Hardware & Software
DISAGGREGATED 2225 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 Dello Parana Nagar Haveli
India India Haimen-City India Brazil India
China Italy
Glass Optical Optical Optical
Pure
Preform Fibre Fibre Cable Interconnect
Silicon (Cable ManufacturersExpertise in integration of complex large-scale digital networks
Network Transformative Futuristic SDN
Modernisation digital inclusion ready state wide
network
Bharatnet Projects Bharatnet Projects
Project Varun 83% Mahanet (A) 88% T-Fibre (A) 14%
Completed Completed
(Indian Navy Project): Completed
Mahanet (B) 1% T-Fibre (B) 8%
Completed Completed
Largest exabyte Modern Optical
Network Network
FTTH 2% Fiber roll out 5%
(Large Indian telco) Completed (Large Indian telco) Completed
© 2020-2021 Sterlite Technologies Limited 24Disrupting with virtualized wireless technologies
Data Centre Solutions
OpenRAN in the Cloud 5G Access
VMware Solutions 5G NR Macro Radios
OpenRAN Radio VVDN
Designed &
Manufactured
MIT | IIT-M by STL 5G NR Small Cells
Academic Alliances
RUTGERS
Validated by our
customers
Open Networking
Standards Software based
DU & CU
25Our future roadmap is built on 5 strategic pillars
1 2 3 4 5
Technology-led Key Accounts Large – Scale Ecosystem Top Talent and
E2E Solutions Management Complex Alliances and Culture
Integration Investments
Increasing market Target 20 KAMs Developing better Increase Addressable Drive good returns
share by integrated globally integration practices Capex through to our stakeholders
technology strategic /community
investments
© 2020-2021 Sterlite Technologies Limited 26Q2 FY21
Updates
1 2 3 4
Company The Digital Networks STL Unique Q2 FY21 STL Annexure
Overview Growth Story Value Proposition Updates Financials
© 2020-2021 Sterlite Technologies Limited 27Q2 FY21 continue to see investments in digital networks
All Network Creators Investing Heavily in Digital Infrastructure… … and attracting Billions in Capital
TELECOM OPERATORS PE INVESTMENT
Oct 2020 Oct 2020 Aug 2020 Aug 2020
KKR invests $2.1 bn
Telefonica to invest $6 Airtel targeting 40 mn Etisalat, Du increase For a minority stake in
bn to build a fiber homes for FTTH, capex by 50% to telecom Italia last mile
network in Germany expanding footprint support increase in grid
through partnerships data traffic
CLOUD COMPANIES LARGE ENTERPRISES CITIZEN NETWORKS
July 2020 Sep 2020
Oct 2020 Q3 2020 Q3 2020
Microsoft to invest Private LTE/5G deployments in mines Warburg Pincus and Macquarie makes a
$1 bn to develop (like Vale in Brazil), airports (Paris FCC, US moves forward DTCP acquire $3 bn bid to acquire
and maintain Data airport), refineries (AT&T and controlling stake in stake in Open Fibre,
centre infrastructure Accenture offering for Phillips 66), with rural digital opportunity fund community fibre, Italy
in Greece Automobile manufacturing and worth $20 bn push $500 mn
testing (Toyota, Ford) investment
© 2020-2021 Sterlite Technologies Limited 28Telcos: 5G & FTTH roll out continue
5G Rollouts 5G Subscribers FTTH Rollouts
v Globally 113 operators have v 5G subscriptions reach at least v Europe is witnessing furious
launched 5G with 52 launches in 138 mn. globally, representing FTTH buildouts with multiple
2020 1.5% of the entire global mobile operators doing 1mn. + home
market (as on Oct’20) passes per year.
v 3 Taiwan operators launched 5G
in July and August. Orange and v China tops 5G subscribers with v RJIO is planning 75 mn. home
Moviestar, Spain launched 5G more than 110 mn. subscribers passes in next 3 years. In the
in September as reported by ministry of first phase the company plan to
industry and information reach 1,100 cities with 50 mn.
v In Singapore, all 3 operators technology. homes
have commenced 5G trials
v North America & Latin America v Airtel is planning to reach 1,000
v China has deployed more than have reached 2.3 mn. & 3.6 mn. cities with 40 mn. homes in next
560,000 base stations for 5G. 5G subscribers respectively 12-18 months.
© 2020-2021 Sterlite Technologies Limited 29Citizen Networks: PM Modi announces fibre to every Village
• Police Station
• Primary Health
• Primary School
• Post Office
• Panchayat office
STATES DISTRICT BLOCK GRAM PANCHAYAT VILLAGE
29 States + 8 UT 730+ Districts 6800+ Blocks 2,50,000 GPs 6 Lakh Villages
Telecom Service Providers’ Network BharatNet PM Announcement
Digital networks reaching the unconnected
Significant increase in opportunity size
© 2020-2021 Sterlite Technologies Limited 30Buoyed by investments in digital networks,
Global optical fiber cable demand starts to grow…
H2 2020 expected to grow 6% YoY
Units: Mn. fkm N. America CHINA
+20% Continued growth in Strong tender volumes
256 deployments specially & increase in
242 +6% from tier 2 /3 carriers deployment run rate
214
INDIA
EUROPE
Market beginning to Expected revival from H2
improve on the back of on back of FTTH
buoyant FTTH activity deployments & demand
from Bharatnet
H2 2019 A H1 2020 A H2 2020 E
© 2020-2021 Sterlite Technologies Limited Source: CRU 31Reinitiating capacity expansion of OFC to 33 Mn. fkm.
33
18
8
FY15 FY19 June’21
Optical fibre cable capacity (Mn. Fkm)
Enthused by the growth in global optical fibre cable demand,
STL to expand the OFC capacity to 33 mn. fkm.
© 2020-2021 Sterlite Technologies Limited 32Strengthening capability in Optical interconnect segment
by acquiring Optotec
• Founded in 1992
About • Headquartered in Milan, Italy
• 50 Employees
• Portfolio of Optical Interconnect products from Central Office
Offerings to Customer Premises with patented technology
• TAM: $8 to $10 bn.
• Long standing relationships with Marquee Telcos
Customer • Tier-1 customer Approvals
Base • Serves customers across Europe
• Revenue: € ~ 20Mn
Financial • Operating Margin: 17-19%
Highlights • Debt Free
• >50% Market Share in Italy
© 2020-2021 Sterlite Technologies Limited STL has signed the definitive agreement to acquire Optotec. The transaction is subject to customary regulatory approvals and is expected to close before end of FY21 33Strengthening end to end optical connectivity Solution
+ +
OPTICAL End 2 End
INTERCONNECT Optical Connectivity
SYSTEMS Solution
Optical fibre High fibre count
cable
Cost Saving (Reduction in requirement of skilled labour in field)
Faster Network Deployment (Plug & Play Model from factory to field)
Quality Network Infrastructure (End to end responsibility from design to execution)
© 2020-2021 Sterlite Technologies Limited 34STL Financials
1 2 3 4
Company The Digital Networks STL Unique Value Q2 FY21 STL Annexure
Overview Growth Story proposition Updates Financials
© 2020-2021 Sterlite Technologies Limited 35Our participation funnel is growing ….
Large Opportunities
Open Participation Funnel (Rs. Cr.)
LARGE EUROPEAN LARGE EUROPEAN
~12,000
TELCO TELCO
~10,100
FTTH ROLLOUT OPTICONN
Strategic Opportunities
LARGE INDIAN NORTH AMERICAN Q1 FY21 Q2 FY21
TELCO DISRUPTIVE TELCO
ACCESS SOLUTIONS 5G NETWORKS
© 2020-2021 Sterlite Technologies Limited 36Translating into healthy order book
Open Order Book (Rs. Cr.) Order Book Spread (Rs. Cr.)
~ 8,141
10,312 10,705
10,037
8,535
~ 2,564
Q3 FY20 Q4 FY20 Q1 FY21 Q2 FY21 6M FY21 FY 22 & Beyond
Open Order Book Customer Segment wise Open Order Book Split
Enterprises
O&M
18.8% 25%
43.9% Telcos
36.9% 75%
Citizen networks 0.4% Capex
Cloud 37
© 2020-2021 Sterlite Technologies LimitedRevenue mix is balanced across customers and geographies
Key Order Wins Customer Segments Geographical Distribution
Q2 FY21 Revenues (Rs. Cr.) Revenues (Rs. Cr.)
5,154 2,036 5,154 2,036
v Fiber Roll out for 10 circles for 2% 3%
9%
Airtel in India 3% 15%
25% 20%
4%
v Opticonn solution for a leading 22%
telecom player in Europe 11%
30%
23%
v Digital transformation for a leading
telecom operator in Africa
v Wifi-6 hardware & Wifi service 66% 66%
management platform (Access 50% 51%
Solutions) for leading telecom
operator in Japan
FY20 H1 FY21 FY20 H1 FY21
Telcos Enterprises Citizen Networks Cloud India Europe China RoW
© 2020-2021 Sterlite Technologies Limited 38Quarterly revenues grow on Q-o-Q basis
1,360 298
1,203 1,160 1,160 247
226 212
876
131
Q2 FY20 Q3 FY20 Q4 FY20 Q1 FY21 Q2 FY21 Q2 FY20 Q3 FY20 Q4 FY20 Q1 FY21 Q2 FY21
Revenue (INR Cr.) EBITDA (INR Cr.)
160
§ Capacity utilisations have exceeded pre-covid levels and will
see further improvement in Q3 & Q4.
91
80 § Execution on the ground for services also continues to
58 improve on Q-o-Q basis.
6 § We are confident that we shall continue to grow in Q3 and Q4
on Q-o-Q basis and H2FY21 shall be better than H2 FY20.
Q2 FY20 Q3 FY20 Q4 FY20 Q1 FY21 Q2 FY21
PAT (INR Cr.)
© 2020-2021 Sterlite Technologies Limited 39The business continues to generate positive free cash flows
2,158
1,970 122
138 Free Cash Flow @ consolidated level – H1 FY21 Rs. Cr.
31
372 268
Cash Profit after Tax 216
(Increase) / Decrease in working Capital 156
Operating Cash Flow 372
CAPEX (268)
Free Cash Flow 103
Net Debt Operating Capex Inorganic Dividend Buyback Net Debt
31-Mar-20 Cash Flow growth 30-Sep-20
investments
The business continues to generate positive free cash flows.
© 2020-2021 Sterlite Technologies Limited 40Financials: Abridged Version
Growth Balance Sheet (INR Cr.) FY20 H1 FY21
P&L (INR Cr.) Q1 FY21 Q2 FY21
(%)
Revenue 876 1,160 32% Net Worth 2,023 1,854
EBIDTA 131 212 61%
Net Debt 1,970 2,158
EBITDA % 15% 18%
Depreciation 74 82 Total 3,993 4,012
EBIT 57 130 128%
Fixed Assets 2,536 2,707
Interest 50 50
Exceptional Item - Goodwill 122 118
PBT 7 80
Net Working Capital 1,335 1,187
Tax 4 24
Net Income Total 3,993 4,012
6 58 883%
(After Minority Interest)
© 2020-2021 Sterlite Technologies Limited 41We are on track to deliver our Vision 2023
We shall double our revenue & reduce net debt/equity to half while maintaining RoCE >20%
Growth Revenue : Rs. 10,000 Cr.
Capital
Structure
Net debt/equity < 0.5
Returns RoCE >20%
© 2020-2021 Sterlite Technologies Limited 42Annexure
1 2 3 4
Company The Digital Networks STL Unique Value Q2 FY21 STL Annexure
Overview Growth Story Proposition Updates Financials
© 2020-2021 Sterlite Technologies Limited 43Strong 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
A. R. Narayanaswamy Arun Todarwal
(Non-Executive & Independent Director) (Non-Executive & Independent Director)
• Chartered Accountant & Management Consultant with over 35
years of industry experience • Managing Partner of Arun Todarwal & Associates LLP, a Mumbai
• Member of The Institute of Chartered Accountants of India based firm of Chartered Accountants
• Provides consulting services in accounting, financial • Member of The Institute of Chartered Accountants of India
• Has rich and varied experience spanning over three decades in
management and information technology across several
management consultancy, finance and audit
industry verticals
© 2020-2021 Sterlite Technologies Limited 44Corporate structure & shareholding pattern
Corporate structure Shareholding pattern
Only Material Subsidiaries are disclosed Source: Company information; Karvy Shareholding Services; Data as of Sep 30th, 2020
Volcan Public
investments shareholders
22.7%
54.8% 45.2%
100% 35.2%
54.8%
Vedanta
Resources Plc.
54.0%
14.2%
Sterlite Technologies 10.0%
Limited 9.1%
58.0% 75.0%
Brazil JV 80%* 100% China JV
Promoters & Promoter Group
Institutional Holding
Non Institutional Holding
Impact Data Solutions (IDS) Metallurgica Bresciana
© 2020-2021 Sterlite Technologies Limited * Balance 20% to be acquired in next few years 45Our Values © 2020-2021 Sterlite Technologies Limited 46
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
© 2020-2021 Sterlite Technologies Limited 47Led by an executive team with extensive experiences © 2020-2021 Sterlite Technologies Limited 48
Certified as a
Great Place to Work
30+
NATIONALITIES
~ 3,100 Employees
– Each one is STLer
© 2020-2021 Sterlite Technologies Limited 49Thank You
beyond tomorrow
© 2020-2021 Sterlite Technologies Limited 50You can also read
