Ambuja Cements Ltd. — Investor Presentation 2024

Jul 31, 2024

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31[st] July, 2024

To

National Stock Exchange of India BSE Limited Luxembourg Stock Limited Exchange Scrip Code: Scrip Code: AMBUJACEM 500425 Code: US02336R2004

Sub: Investor Presentation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015.

Dear Sir/ Madam,

In continuation of our letter dated 24[th] July, 2024 regarding Analyst/Institutional call scheduled on 31[st] July, 2024, we are enclosing herewith Presentation titled ‘Operational & Financial Highlights’ of the Company for the quarter ended on 30[th] June, 2024.

The above information shall also be made available on the Company's website at www.ambujacement.com.

Kindly take the above on your records.

Thanking you,

Yours faithfully,

For Ambuja Cements Limited

Manish Vinodchandra Mistry Digitally signed by Manish Vinodchandra Mistry DN: c=IN, o=Personal, title=6862, 2.5.4.20=4a40cf551f16e069b510d62dabb2fe3844092022ab13f41ba7cecec54b84835d, postalCode=390011, st=Gujarat, serialNumber=22e5c090745d8aa6215231e47ce2beb81d0422fc266339ee63d2026d0c6a15c4, cn=Manish Vinodchandra Mistry Date: 2024.07.31 12:46:33 +05'30'

Manish Mistry

Company Secretary & Compliance Officer

Encl: as above

Ambuja Cements Limited Registered Office: Adani Corporate House Shantigram, S. G. Highway, Khodiyar, Ahmedabad – 382 421, Gujarat, India Ph +91 79-2656 5555 www.ambujacement.com

CIN: L26942GJ1981PLC004717

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ADANI GROUP ADANI CEMENT PERFORMANCE ESG ACCOLADES & ABBREVIATIONS PROFILE OVERVIEW HIGHLIGHTS UPDATE AWARDS

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Operational
& Financial Highlights
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For the Quarter Ended June 30, 2024
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1
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ADANI GROUP AMBUJA CEMENT PERFORMANCE ESG ACCOLADES & ABBREVIATIONS PROFILE OVERVIEW HIGHLIGHTS UPDATE AWARDS

Performance at a glance Q1 FY25

Ambuja Cement consolidated

Highest ever Clinker & Cement sales in Q1 over last 5 years

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VOLUME OPERATING COST EBITDA PAT
(in MnT CLC) (R/Ton) (Excluding other income, (in R Cr)
in R/Ton)
MnT 0.4 R (138) R (275) R (345)
(+3%) (-3%) (-25%) (-30%)
15.8 4,437 807 790
15.4 4,575 1,082 1,135
Q1 FY25 Q1FY25 Q1FY25 Q1FY25
Q1 FY24 Q1FY24 Q1FY24 Q1FY24
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ADANI GROUP AMBUJA CEMENT PERFORMANCE ESG ACCOLADES & ABBREVIATIONS PROFILE OVERVIEW HIGHLIGHTS UPDATE AWARDS

Builders of Progress in India

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Development

Well poised for Growth

• 89 MTPA capacity (21.4 MTPA added in last 18 months) On track to achieve 140 MTPA by 2028

• 23 MTPA under execution

• 28 MTPA at various stages

Cost Leadership

16% cost reduction since Sep’22, target to reach Rs. 3,650 PMT by 2028

Market Leadership

Iconic brands with high Brand Equity

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Operations

Asset Footprint

• Pan India asset footprint

• Advantage coastal movement & rail infrastructure

Supply Chain Excellence

• Well placed to leverage rail, sea and BCT/GUs infrastructure strength & optimize logistics cost

Sales & Marketing Excellence

• Highest % of trade sales (@77%) within peers, catering to profitable IHB segment

• Premium cement @24% of Trade sales, amongst highest in the industry

• • Digitization to help grow granular markets

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Value Creation

Stakeholders

NIL Debt, growth capex to be met by operating cash flows / internal accruals

Cash & Cash equivalent to be used for strategic opportunities

Societal

• 3.3 Million people benefit under community development projects

Environmental

• Ahead of Sustainable Development (SD) 2030 Plan

• • Target 60% Green Power & 27% TSR by 2028

• Water positivity (11x) and circular economy (8x plastic negative) achieved in FY’24

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33
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*** Including acquisition of Penna Cement**

Contents

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Adani Group Profile ESG Updates
01 04
5 30
Ambuja Cement Accolades
02 Overview 05 and Awards
9 40
Performance
Abbreviation
03 Highlights 06
15 42
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ADANI GROUP ADANI CEMENT PERFORMANCE ESG ACCOLADES & ABBREVIATIONS
PROFILE OVERVIEW HIGHLIGHTS UPDATE AWARDS
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ADANI GROUP AMBUJA CEMENT PERFORMANCE ESG ACCOLADES & ABBREVIATIONS
PROFILE OVERVIEW HIGHLIGHTS UPDATE AWARDS
Adani: A World Class Infrastructure & Utility Portfolio
Flagship Infrastructure & Utility Core Portfolio Primary Industry Emerging B2C
Materials, Metal Direct to
Incubator Energy & Utility Transport & Logistics
& Mining consumer
(100%)
(74.72%) (100%) (50.00%) (100%) (100%) (100%)
ANIL AdaniConneX [3] AAHL ARTL Copper, Aluminum ADL
AEL
New Industries Data Centre Airports Roads (100%) Digital
PVC
(64.71%)
(100%)
Specialist NDTV
Manufacturing [5]
(57.52%) (72.71%)
(100%) (43.94%)
AGEL APL
Renewables IPP Mining Services & AWL
Commercial Mining Food FMCG
(74.94%) (37.40%) (65.89%) (100%) (70.33%)
AESL ATGL [2] APSEZ
NQXT [1] Cement [4]
T&D Gas Discom Ports & Logistics
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(%): Adani Family equity stake in Adani Portfolio companies (%): AEL equity stake in its subsidiaries Listed cos Direct Consumer

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A multi-decade story of high growth centered around infrastructure & utility core
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1. NQXT: North Queensland Export Terminal | 2. ATGL: Adani Total Gas Ltd, JV with Total Energies | 3. Data center, JV with EdgeConnex, | 4. Adani Cement includes 70.33% stake in Ambuja Cements as on 30[th] June, 2024 which in turn owns 50.05% in ACC Limited. Adani directly owns 6.64% stake in ACC Limited. Ambuja Cements Ltd. holds 58.08% stake in Sanghi Industries Ltd.| 5. Includes the manufacturing of Defense and Aerospace Equipment | AEL: Adani Enterprises Limited; APSEZ: Adani Ports and Special Economic Zone Limited; AESL: Adani Energy Solutions Limited; T&D: Transmission & Distribution; APL: Adani Power Limited; AGEL: Adani Green Energy Limited; AAHL: Adani Airport Holdings Limited; ARTL: Adani Roads Transport Limited; ANIL: Adani New Industries Limited; AWL: Adani Wilmar Limited; ADL: Adani Digital Limited; IPP: Independent Power Producer | NDTV: New Delhi Television Ltd | PVC: Polyvinyl Chloride l Promoters holding are as on 30[th] June, 2024.

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ADANI GROUP AMBUJA CEMENT PERFORMANCE ESG ACCOLADES & ABBREVIATIONS PROFILE OVERVIEW HIGHLIGHTS UPDATE AWARDS

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Adani Portfolio: Decades long track record of industry best growth with national footprint
Secular growth with world leading efficiency National footprint with deep coverage
Growth 3x [6] Growth 4x [6]
EBITDA 70% [1,2] EBITDA 92% [1,4]
AEL
Growth 3x [6] Growth 1.4x [6] APSEZ Adani’s Core Infra.
AGEL
ATGL Platform –
EBITDA 91% [1,3,2] EBITDA 24% [1,3] AESL 350 Mn
APL Userbase
Adani Cement
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Note: 1. Data for FY24 ; 2. Margin for Indian ports business only l Excludes forex gains/losses; 3. EBITDA: PBT + Depreciation + Net Finance Costs – Other Income; 4. EBITDA Margin represents EBITDA earned from power supply 5. Operating EBITDA margin of transmission business only, does not include distribution business l 6. Growth pertains to expansion and development aligned with market growth. Growth of respective Adani portfolio company vs. Industry growth is as follows: APSEZ 's cargo volume surged from 113 MMT to 408 MMT (14%) between 2014 and 2024, outpacing the industry's growth from 972 MMT to 1539 MMT (5%). AGEL 's operational capacity expanded from 0.3 GW to 10.9 GW (57%) between 2016 and 2024, surpassing the industry's growth from 46 GW to 143.6 GW (15%). AESL's transmission length increased from 6,950 ckm to 20,509 ckm (14%) between 2016 and 2024, surpassing the industry's growth from 3,41,551 ckm to 4,85,544 ckm (4%). ATGL expanded its geographical areas from 6 to 52 (27%) between 2015 and 2024, outperforming the industry's growth from 62 to 307 (19%). PBT: Profit before tax l ATGL:Adani Total Gas Limited l AEL: Adani Enterprises Limited l APSEZ: Adani Ports and Special Economic Zone Limited l AESL: Adani Energy Solutions Limited l APL: Adani Power Limited l AGEL: Adani Green Energy Limited l Growth represents the comparison with respective industry segment. Industry source: APSEZ (domestic cargo volume): https://shipmin.gov.in/division/transport-research l Renewable (operational capacity): Installed Capacity Report - Central Electricity Authority (cea.nic.in) l AESL (ckms): National Power Portal (npp.gov.in) l ATGL (GAs): Brochure petroleum.cdr (pngrb.gov.in) | ckms: circuit kilometers | GA: Geographical Areas

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ADANI GROUP AMBUJA CEMENT PERFORMANCE ESG ACCOLADES & ABBREVIATIONS PROFILE OVERVIEW HIGHLIGHTS UPDATE AWARDS

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Adani Portfolio: Repeatable, robust & proven transformative model of investment

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DEVELOPMENT OPERATIONS CONSUMERS
1 New C.E.O.
Adani Infra (India) Limited (AIIL) Operations (AIMSL) Consumer I Employees I Other Stakeholders
Origination Site Development Construction Operation Inspired Purpose & Value Creation
• Analysis & market • Site acquisition • Engineering & design • Life cycle O&M • Delivering exceptional products & services for elevated
intelligence • Concessions & • Sourcing & quality planning engagement
• Viability analysis regulatory • Asset Management plan • Differentiated and many P&Ls
agreements
Adani’s Core Infra. Platform –
350 Mn
India’s Largest Longest Private HVDC World’s largest Energy Network Userbase
Commercial Port Line in Asia Renewable Cluster Operation Center
(at Mundra) (Mundra - Mohindergarh) (at Khavda) (ENOC)
Strategic value Investment Case Growth Capital – Platform 6% Long Term Debt
Mapping Development Infrastructure Financing 14% 13%
Framework 31% PSU Banks
March March Pvt. Banks
Policy, Duration Risk Matching 31% 2016 55% 2024 19% Bonds
Strategy & Risk Management – Rate & Currency 2% NBFCs & FIs
Risk Governance & Assurance DII
Framework Diversified Source of Capital 28% 1% Global Int. Banks
Capex LC
Continued Focus & Human Capital • Leadership Development Initiatives AI enabled Digital •• Power Utility Business -City Gas Distribution - SOULENOC
Investment Development • Investment in Human Capital Transformation • Transportation Business - AOCC
ACTIVITY
PERFORMANCE
CAPITAL
MANAGEMENT
ENABLER
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Note 1 Adani Environmental Resource Management Services Ltd. (additional company is being proposed)

O&M: Operations & Maintenance l HVDC: High voltage direct current l PSU: Public Sector Undertaking (Public Banks in India) l GMTN: Global Medium-Term Notes l SLB: Sustainability Linked Bonds l AEML: Adani Electricity Mumbai Ltd. l AIMSL : Adani Infra Mgt Services Pvt Ltd l IG: Investment Grade l LC: Letter of Credit l DII: Domestic Institutional Investors l COP26: 2021 United Nations Climate Change Conference l AGEL: Adani Green Energy Ltd. l NBFC: Non-Banking Financial Company l AIIL: Adani Infra (India) Limited

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ADANI GROUP ADANI CEMENT PERFORMANCE ESG PROFILE OVERVIEW HIGHLIGHTS UPDATE

ACCOLADES & ABBREVIATIONS AWARDS

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Ambuja Cement - Overview
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ADANI GROUP PROFILE

AMBUJA CEMENT PERFORMANCE ESG ACCOLADES & OVERVIEW HIGHLIGHTS UPDATE AWARDS

Advantage - Group Synergy

Realty

Fly Ash

Fly ash sourced from group’s power plants ensures assured timely supply with optimized cost and advantage of BCFC rakes can be optimised

Group land bank Group Cement requirement (Dharavi, Navi Mumbai Airport, Ganga expressway..)

Coal

Use group’s expertise in procuring coal and mining operations

People

Optimisation of resources with right Talent at right place, training & development and taking advantage of Group expertise in training and people development

Logistics

Leverage group company’s expertise in logistics & port operations to optimise distribution cost

Power & Renewables

Group’s expertise in Thermal power plant operations and renewable energy to optimize power cost

GCC services / Digital Infra Leverage shared services vertical of the group, along with digital infra (IT)

AIIL Expertise of projects SportsLine execution & Branding and negotiation benefits Marketing

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ADANI GROUP AMBUJA CEMENT PERFORMANCE ESG ACCOLADES & PROFILE OVERVIEW HIGHLIGHTS UPDATE AWARDS

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Infrastructure and Housing sectors to fuel Cement Demand Growth Higher spend in housing – Public & Private

Cement Demand Segments (% share)

• Construction of 20mn new rural homes by 2030

• Rural home building subsidies raised to 67% to US$2400/home

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12% 11% - 15%
10% - 14%
23%
65%
FY’24
Housing Infrastructure Commercial
60%-62%
11%
62%-65%
26%
63%
FY’28
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• Pickup in private sector housing construction ‒ Housing sales rose by 5% in Q1 FY’25 YoY (7 major cities)

• Housing ‒ Smart cities mission extended till FY’25 ‒ Investment of Rs.10 lakh crore for the construction of 1 crore cities under Pradhan Matri Awaas Yojana (PMAY) - Urban 2.0 Pradhan Matri Awaas Yojana (PMAY) - Urban 2.0 - Urban 2.0

• USD 3 Trillion investment expected in Infrastructure development ‒ National Infrastructure Plan expanded to 9,735 projects

• ‒ An outlay of Rs. 11.11 lakh crores for Capital Expenditure in Budget FY’25 which represents 3.4% of GDP

• Ambitious target set for logistics and transport ‒ 2 lakh Km national highway to be developed in FY’25

• ‒ Airport regional connectivity scheme: UDAN to expand network to 220

• Infrastructure ‒ Development of 35 multi-modal logistics parks (PM Gatishakti Master Plan)

• ‒ Phase IV of Pradhan Mantri Gram Sadak Yojana (PMGSY)PMGSY) will provide all-weather connectivity to 25,000 rural habitations

• Production Linked Incentive Scheme to augur commercial sector growth ‒ Commercial construction growth relies largely of retail, hospitality and manufacturing sectors

• ‒ Government to continue focus on industrial capital expenditure

• Commercial Large opportunities lies in Co-working revolution ‒ Incorporation of commercial areas into residential townships to bring in new opportunity

• Investment of Rs.10 lakh crore for the construction of 1 crore houses in cities under Pradhan Matri Awaas Yojana (PMAY) - Urban 2.0 Pradhan Matri Awaas Yojana (PMAY) - Urban 2.0 - Urban 2.0

• Airport regional connectivity scheme: UDAN to expand network to 220

• ‒ Development of 35 multi-modal logistics parks (PM Gatishakti National Master Plan)

• Phase IV of Pradhan Mantri Gram Sadak Yojana (PMGSY)PMGSY) will be launched to provide all-weather connectivity to 25,000 rural habitations

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ADANI GROUP AMBUJA CEMENT PERFORMANCE ESG ACCOLADES & PROFILE OVERVIEW HIGHLIGHTS UPDATE AWARDS

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Cement Demand - Strong Correlation with GDP; High growth expected

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Indian Economy

• GDP grew by 8.2% in FY’24; expected to grow by 6.5% - 7.0% in FY’25

• Robust capex growth and fiscal consolidation to support GDP growth

• CPI Inflation is showing a downward trend to ~ 4.5% in FY’25 and ~ 4.1% in FY’26 vs 5.4% in FY’24, positive sign for higher disposable income and lower interest rate regime to spur economic growth

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730
551 578 553
422 451
FY 2024 FY 2025f FY 2028f
Demand growth @ CAGR of 7-8% Supply
Supply growth @ CAGR of ~6% Demand
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Cement Demand

• Strong correlation with GDP (1.2x GDP growth), 7-8% growth expected in FY’25

• Robust cement demand from housing and infrastructure sectors

• Government's commitment to boost capital expenditure and encourage private sector participation in infrastructure projects

Cement Industry

• Accounts 23% of Building Material industry

• Adani Cement to accelerate capacity expansion to reach 140 MTPA by 2028

• With the planned capacity Adani Cement market share targeted to be 20% by FY’28 (current 14%)

Adani Cement Geographical Spread (Capacity Share)

Northern Zone : 24% Central Zone : 8% Western Zone : 25% Southern Zone : 24% Eastern Zone : 19%

Consolidation

• Market share of top 5 players increased to ~60% in Q1 FY’25 as compared to 47% in FY’18

• Consolidation is positive for the cement sector

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AMBUJA CEMENT PERFORMANCE OVERVIEW HIGHLIGHTS

ADANI GROUP PROFILE

ESG ACCOLADES & ABBREVIATIONS UPDATE AWARDS

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Presence in 30 states & union territories and 580+ districts (~75%)*

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territories and 580+ districts (~75%)
Gagal
For the Quarter Ended June 30, 2024
Darla / Suli
# * Rajpura Ropar Nalagarh Asian Nalagarh
89 MTPA 61.9% Bhatinda Roorkee
Cement Capacity Clinker Factor Dadri
Kymore
Rabriyawas
Ametha
* Jodhpur
22 11 Marwar Mundwa Tikaria
Chaibasa
Integrated Units Captive Ships Lakheri
Farakka
Sanghi Sindri
Navalakhi Sankrail
86% 86+ Ambujanagar Damodhar
Share of Blended Cement Ready-Mix Concrete plants Muldwarka SuratDahej Bargarh Kolkata
Panv el Bhatapara
BCCI Jamul Gopalpur
9.3% 10 Chanda Maratha cement works Integrated Plants
Wadi
Thermal Substitution Rate Bulk Cement Terminals Patas Ganeshpahad Grinding Units
Tandur Bulk Terminal
Vizag Blending unit
#
1,01,500+ 21 Kudithini Krishnapatnam Ambuja
Thondebha vi
Channel partners across India Grinding Units Mangalore Boyareddypalli ACC
Talaricheruvu Sanghi
# Order placed for capacity expansion of 14 MTPA Cement incl. 8 MTPA Clinker Bhatapara & Maratha), under implementation Includes Penna assets • National presence (%age coverage of total districts in India) as on 30.06.2024 Cochi n Madukkarai Karaikal DahejPenna
Tuticorin
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ADANI GROUP AMBUJA CEMENT PERFORMANCE ESG ACCOLADES & ABBREVIATIONS PROFILE OVERVIEW HIGHLIGHTS UPDATE AWARDS

Iconic brands with cumulative 120+ years history that shaped the industry

Strength

Pioneered brand building & technical services Market leaders with Virat Compressive Strength

Heritage

India‘s 1st Cement Company, Inter-generational legacy pioneered product development

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High
Patronage
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High contribution from Trade segment

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Trade Cement Share
IHB Contractors Ambuja + ACC
77%
Industry – 65%
Professionals Dealers
Share of Premium
Products
24%
Institutional
of Trade Volume
Clients
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National presence (Capacity Share)

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Region wise Capacity share of Ambuja
Consol (incl. Penna)
Northern Zone : 24%
Central Zone : 8%
Western Zone : 25%
Southern Zone : 24%
Eastern Zone : 19%
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ADANI GROUP ADANI CEMENT PROFILE OVERVIEW

PERFORMANCE HIGHLIGHTS

ESG ACCOLADES & ABBREVIATIONS UPDATE AWARDS

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ADANI GROUP AMBUJA CEMENT PERFORMANCE ESG ACCOLADES & ABBREVIATIONS PROFILE OVERVIEW HIGHLIGHTS UPDATE AWARDS

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On track to achieve Targeted Growth more efficiently

• Net worth all time high at Rs. 59,465 Cr and Cash & Cash equivalent at Rs. 18,299 Cr

• Added 275 Mn MT new limestone reserves secured in Q1 FY’25, total reserves reaching 8.1 Bn MT at a premium < 3%

• ESG Program :

  • Net Zero commitment with 2050 targets validated by SBTI

  • Green power share expected to be 31% of power consumption by FY’25 & 60% by FY’28

  • Model shift in Logistics with increased share of rail & sea transport

  • Water positive @ 11x (ahead of SDP 2030 target), Plastic negative @ 8x

• Focus on increasing share of coal from captive coal mines and Group synergy will lead to lower fuel costs by 17% (from Rs 2.08 to 1.73/’000 kCal)

• Logistics cost will further optimize with

• Higher Sea transport share ( going upto 7% by FY’28)

• Own BCFC rakes transport modes (resulting in cost reduction by Rs. 100/t in Fly Ash cost by FY’28)

• Offering value added solutions beyond cement to customers & actively engage Influencers through technical services team , will improve volume and margins

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ADANI GROUP AMBUJA CEMENT PERFORMANCE ESG ACCOLADES & ABBREVIATIONS PROFILE OVERVIEW HIGHLIGHTS UPDATE AWARDS

Financial results (for the Quarter)

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Ambuja Consolidated Ambuja Standalone ACC Standalone Sanghi
Particulars UoM
Jun 24 Mar 24 Jun 23 Jun 24 Mar 24 Jun 23 Jun 24 Mar 24 Jun 23 Jun 24 Mar 24 Jun 23
Volume MnT 15.8 [] 16.6 15.4 9.3 9.5 9.1 10.2 10.4 9.4 0.7 0.8 0.3
Revenue from
₹ Cr 8,311 [] 8,894 8,713 4,516 4,780 4,730 5,156 5,398 5,201 223 285 167
Operation
EBITDA (Excl. Other
₹ Cr 1,280 1,699 1,667 646 798 949 677 837 769 (5) 59 (96)
Income)
EBITDA (%) % 15.4% [#] 19.1% 19.1% 14.3% 16.7% 20.1% 13.1% 15.5% 14.8% (2.3%) [@] 20.6% (57.7%)
EBITDA (PMT) ₹ /Ton 807 1,026 1,082 691 837 1,040 662 802 816 (79) 758 (3,184)
Other Income ₹ Cr 355 233 263 420 177 189 70 122 78 8 3 4
PBT ₹ Cr 1,103 1,601 1,512 768 681 867 493 662 623 (89) (19) (189)
$
PAT ₹ Cr 790 1,526 1,135 571 532 645 366 749 464 (89) (19) (189)
EPS (diluted) ₹ 2.65 4.79 4.31 2.34 2.42 3.07 19.45 39.76 24.64 (3.44) (0.74) (7.33)
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• Net of MSA sales for Ambuja consolidated. MSA Volumes of 4.43 MnT / Rs. 1,584 Cr, for Jun’24 Quarter

• Vs Mar’24 Lower Margin: Mainly due to Industry wise lower price realization

• @ Vs Jun’23 Higher Margin: Mainly driven by higher capacity utilisation and reduction in cost of production

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ADANI GROUP AMBUJA CEMENT PERFORMANCE ESG ACCOLADES & ABBREVIATIONS PROFILE OVERVIEW HIGHLIGHTS UPDATE AWARDS

Ambuja Cement (Consolidated) Cement Business (% Change YoY)

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SALES VOLUME - CLC
(MnT)
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REVENUE
(₹ . Cr)
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3% 4%
16.6
8,576
15.8 8,351
15.4 7,983
Jun-23 Mar-24 Jun-24 Jun-23 Mar-24 Jun-24
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EBITDA (Excl. Other Income)
(₹ Cr & Margin)
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EBITDA (Incl. RMX)
(Excl. Other Income) (₹ /ton)
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25%

25%

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1,630 1,648
1,082 1,026
1,224
807
19.5% 19.2% 15.3%%
Jun-23 Mar-24 Jun-24 Jun-23 Mar-24 Jun-24
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Offering value added solutions beyond cement to customers & actively engage Influencers through technical services team along with focused Brand promotion activity will lead to higher volume growth with price premium

Operational excellency journeys along volume expansion will help in reduction of costs and contribute to improved profitability

Realizations lower by 7% (Rs 249 vs Rs 267/bag) mainly due to election & tepid demand

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ADANI GROUP AMBUJA CEMENT PERFORMANCE ESG ACCOLADES & ABBREVIATIONS PROFILE OVERVIEW HIGHLIGHTS UPDATE AWARDS

Ambuja Cement (Consolidated) Cement Business (% Change YoY)

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RAW MATERIAL
(₹/ton)
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POWER AND FUEL
(₹/ton)
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FREIGHT AND FORWARDING
(₹/ton)
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OTHER EXPENSES
(₹ /ton)
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11%

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757
681
647
Jun-23 Mar-24 Jun-24
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13%

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1,498
1,216 1,302
Jun-23 Mar-24 Jun-24
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8%

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1,409
1,299
1,258
Jun-23 Mar-24 Jun-24
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10%

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614 615
561
Jun-23 Mar-24 Jun-24
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Cost increased by Rs 76 PMT mainly due to, Purchased Clinker (Beneficial on TCO basis) partly offset by lower slag consumption; strategic initiatives like

• Long term arrangement made for key raw materials

• Measures for Limestone

• capex/non-capex cost saving programs

have been initiated which will bring down the raw material costs in coming quarters

Sustained cost reduction in Power and Fuel with higher focus on green power (WHRS, solar, Wind), maximize captive coal, higher TSR & synergies with group

• Kiln fuel cost reduced from Rs 2.08 to 1.73//000 kCal

• Increase in own coal mix from 13.8% to 14.6%

• TSR increased from 7.0% to 9.3%

• Green power mix increased from 15.6% to 18.4%

Freight and forwarding costs reduced by 8% & expected to further reduce in coming quarters with model shift in Logistics

• Increased share of Rail & Sea transport

• Digitization

• Total lead reduced by 11 km @ 291 km

• Direct dispatches increased by 4%

• @55%

Other expenses higher due to phasing of planned shutdown, Advertisement & Brand promotion expenses

This is expected to bring further synergy and reduce costs with following initiatives

• Operational efficiencies

• Digitalization initiatives

• Unified Organization structure

19

ADANI GROUP AMBUJA CEMENT PERFORMANCE ESG ACCOLADES & ABBREVIATIONS PROFILE OVERVIEW HIGHLIGHTS UPDATE AWARDS

Trade Sales amon st hi hest in the industr g g y

	Particulars	Jun'24 Q	Jun'24 Q	Jun'23 Q	Jun'23 Q	Change (Volume)	Rising trend of share of Premium Products
		Volume (MnT)	%	Volume (MnT)	%
	Region wise cement sales volume North East South Central West	4.0 3.9 1.3 2.7 3.4	26% 26% 8% 18% 22%	3.9 4.2 1.4 2.6 3.1	26% 28% 9% 17% 20%	3% (7%) (7%) 4% 10%
	Total	15.3	100%	15.2	100%	1%
	Cement type OPC Cement Blended Cement	2.1 13.2	14% 86%	1.5 13.7	10% 90%	40% (4%)
	Total	15.3	100%	15.2	100%	1%
	Segment Type Trade sale Non-trade sale	11.8 3.5	77% 23%	11.7 3.5	77% 23%	1% 0%
	Total	15.3	100%	15.2	100%	1%
	Premium Products	2.9	24.4% ~~*~~	2.6	22.2% ~~*~~	2.2pp

• as % of trade sales

20

ADANI GROUP AMBUJA CEMENT PERFORMANCE ESG ACCOLADES & ABBREVIATIONS PROFILE OVERVIEW HIGHLIGHTS UPDATE AWARDS

Capacity Utilization ~@80%

	Regions	Jun'24Q	Jun'24Q	Jun'24Q
		Capacity (MnT)	Production (MnT)	Utilisation %
	North East South Central West	5.36 4.33 2.75 1.75 5.20	4.57 4.01 1.79 1.89 3.10	85% 93% 65% 108% 60%
	Total	19.4	15.4	79%
	Annualized Capacity (MnT) 88.9

21

ADANI GROUP AMBUJA CEMENT PERFORMANCE ESG ACCOLADES & ABBREVIATIONS PROFILE OVERVIEW HIGHLIGHTS UPDATE AWARDS

Ambuja Cement (Standalone) Cement Business (% Change YoY)

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SALES VOLUME - CLC
(MnT)
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REVENUE
(₹ Cr)
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2% 5%
9.5 4,730 4,780
9.3
9.1 4,516
Jun-23 Mar-23 Jun-24 Jun-23 Mar-24 Jun-24
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EBITDA (Excl. Other Income)
(₹ Cr & Margin)
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EBITDA (Excl. Other Income)
(₹/ton)
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33%

32%

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949
798 1,040
646 837
691
20.1% 16.7% 14.3%
Jun-23 Mar-24 Jun-24 Jun-23 Mar-24 Jun-24
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Following initiative will help in increasing sales volumes with higher price premiums in coming quarters,

Cost reduction journeys including efficiency improvements projects along with volume growths will help in improvements of profitability and margins

• Offering value added solutions beyond cement

• Higher premium products

• Engaged ground sales team to push volumes

• Focused branding and promotion activities

• Network improvement through various initiatives/events

22

ADANI GROUP AMBUJA CEMENT PERFORMANCE ESG ACCOLADES & ABBREVIATIONS PROFILE OVERVIEW HIGHLIGHTS UPDATE AWARDS

Ambuja Cement (Standalone) Cement Business (% Change YoY)

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RAW MATERIAL
(₹/ton)
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POWER AND FUEL
(₹/ton)
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FREIGHT AND FORWARDING
(₹/ton)
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OTHER EXPENSES
(₹/ton)
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6%

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614
510 579
Jun-23 Mar-24 Jun-24
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24%

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1,284
932 974
Jun-23 Mar-24 Jun-24
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5%

2%

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1,147 466
465 457
1,098
1,090
Jun-23 Mar-24 Jun-24 Jun-23 Mar-24 Jun-24
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Raw materials cost lower than previous year driven by various initiatives viz. longterm arrangement for supply of key raw materials, limestone measures etc.

• Flyash cost decreased by Rs 98/t @ Rs 648/t

• Slag cost decreased by Rs 267/t @ Rs 1,208/t

Sustained cost reduction in Power and Fuel with higher focus on green power (WHRS, solar, Wind), maximization of own captive coal, higher TSR & synergies with group

• Green power mix increased from 17.5% to 25.0%

• Kiln fuel cost reduced from Rs 2.02 to 1.68//000 kCal

• TSR increased from 5.5% to 8.8%

Freight and forwarding costs reduced by 5% & expected to further reduce in coming quarters with various initiatives like

• Increased share of sea transport

• Network/ route optimization

• Digitization

• Direct dispatches increased by 2%

• @62%

This is reduced with operational efficiencies improvements and digitalization initiatives

23

ADANI GROUP AMBUJA CEMENT PERFORMANCE ESG ACCOLADES & ABBREVIATIONS PROFILE OVERVIEW HIGHLIGHTS UPDATE AWARDS

ACC (Consolidated) Cement Business (% Change YoY)

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SALES VOLUME - CLC
(MnT)
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REVENUE
(₹ . Cr)
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EBITDA (Excl. Other Income)
(₹ Cr & Margin)
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EBITDA
(Excl. Other Income) (₹ /ton)
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9% 1%
10.4
10.2 5,114
4,878 4,853
9.4
Jun-23 Mar-24 Jun-24
Jun-23 Mar-24 Jun-24
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22%

15%

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786
734
623 779 753
609
15.0% 15.4% 12.8%
Jun-23 Mar-24 Jun-24 Jun-23 Mar-24 Jun-24
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Offering value added solutions beyond cement to customers and actively engage Influencers through technical services team, which leads to take higher volume growth with price premium.

Consistent endeavor on cost reduction and efficiency improvements, volume expansion, synergies between cement business and Group will help in improved profitability and margin

24

ADANI GROUP AMBUJA CEMENT PERFORMANCE ESG ACCOLADES & ABBREVIATIONS PROFILE OVERVIEW HIGHLIGHTS UPDATE AWARDS

ACC (Consolidated) Cement Business (% Change YoY)

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RAW MATERIAL
(₹/ton)
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POWER AND FUEL
(₹/ton)
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FREIGHT AND FORWARDING
(₹/ton)
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OTHER EXPENSES
(₹ /ton)
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8% 18% 14% 1%
781 1,189 1,194 493
721 932 974
680 466
1021 1,025 463
Jun-23 Mar-24 Jun-24 Jun-23 Mar-24 Jun-24 Jun-23 Mar-24 Jun-24 Jun-23 Mar-24 Jun-24
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Long term tie ups made for key raw materials will help us in assured supply with optimized costs which will result in reduction in raw material costs in coming future.

Purchased clinker increased by 308 kT YoY which is beneficial on TCO basis

Freight and forwarding costs reduced by 14% & expected to reduce further in coming quarters with various initiatives like

Power and Fuel costs have reduced by 18% (Rs. 215/t) of cement

• WHRS power mix has gone up by 1.6 pp to 10%

• Model shift in logistics

• Improved captive coal Model shift in logistics consumption (by 8.8 pp @13.4%) – Depot network remapping for resulting in lower Kiln fuel cost freight rationalization from Rs. 2.14 to Rs. 1.73/’000 kCal –

• Digitization: Implementation of GPS for tracking of trucks movements,

• Maximization alternative fuel consumption by 2.2 pp @11.1%

• – Opportunistic buying of Imported petcoke & coal

Other expenses at previous year level and will reduce further in coming quarters mainly due to

• Commercial renegotiation

• New Business model

• Eliminating historical and avoidable costs

• synergies with parent company & group company

25

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ADANI GROUP AMBUJA CEMENT PERFORMANCE ESG ACCOLADES & ABBREVIATIONS
PROFILE OVERVIEW HIGHLIGHTS UPDATE AWARDS
Capex updates
26
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ADANI GROUP AMBUJA CEMENT AMBUJA CEMENT PERFORMANCE PERFORMANCE PROFILE OVERVIEWOVERVIEW HIGHLIGHTSHIGHLIGHTS

ESG ACCOLADES & ABBREVIATIONS UPDATE AWARDS

Roadmap to 140 MTPA by 2028, @ 89 at present, 112 by 2026

Status Update Expected completion Capacity(MTPA) Expansion Project Cement Clinker -Civil work 80 % & overall project 47 % completed, Major equipment received at site. Q4 FY'25 - 4.0 Bhatapara Line 3 (CU) - 25 % ordering completed by EPC partner, Construction in progress Q2 FY'26 - 4.0 Maratha Line 2 (CU) - EPC contract awarded - 66 % Civil work has been completed. Overall project 48 % completed. Major equipment received at site. Q3 FY'25 2.4 - Sankrail (GU) - Civil work 59% & overall project 46 % completed. Major equipment received at site. Q3 FY’25 (Phase I) 2.4 - Farakka (GU) - 79 % ordering completed by EPC partner - Delivery of major equipment is commenced Q4 FY'25 1.6 - Sindri (GU) -67 % ordering completed by EPC partner; 11 % civil work completed. Q1 FY'26 2.4 - Salai Banwa (GU) - Land available, EC expected Jul’ 24, Major Equipment Ordered Q2 FY’26 1.2 - Bathinda - EPC contract awarded in Jun’24 & Project execution is started Q2 FY'26 2.4 - Marwar (GU) - CTE / EC approvals expected by Aug’24, & LOI Issued - Pre Project activity under progress Q3 FY'26 2.4 - Mundra (GU) - EPC contract awarded, Pre-project activities in progress Q3 FY’26 2.4 - Warishaliganj (GU) -Contract awarded for major equipment, Civil piling work started. Q3 FY’26 1.2 - Dahej Line-2 (GU) -Contract awarded for major equipment. Project work started Q3 FY'26 1.0 - Kalamboli (Blending) - EPC contract awarded, 66 % Civil work & 75 % Engg completed Q3 FY’26 2.0 3.0 Jodhpur (Penna IU) - Project under execution Q4 FY'26 2.0 - Krishnapatnam Penna (GU) 23.4 11.0 Sub Total In addition, Board has also approved – 14 Cement Grinding Units (2.4 MTPA) each identified at 14 locations (Land acquisitions and statutory approvals for these projects are under progress) Capacity Details (Mn T): Existing Capacity (including Penna) 56 89 Projects under execution 11 23 Addl. Projects at various stages 22 28 Total Capacity 89 140 Out of the total capex, Greenfield projects – 81% Brownfield projects – 19% Cement Clinker

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• Standardisez
•
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ADANI GROUP AMBUJA CEMENT PERFORMANCE ESG ACCOLADES & ABBREVIATIONS PROFILE OVERVIEW HIGHLIGHTS UPDATE AWARDS

Adani Cement – Capacity Enhancement Enablers

Cement Capacity (Mn T)

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140
77 89
FY'24 Q1 FY'25 FY'28
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1. Land: land already in possession/ available with group / in advance stages of acquisition

2. Limestone: Cumulative ~8.1 Bn MT limestone reserve in possession at NIL to nominal premium, minimize issues on expiry of limestone reserves by 2030

3. Raw Material: 40 % of Fly Ash requirement under long term arrangement (will increase to 50%+ by 2028)

4. Enterprise Risk Management: better enterprise risk management, 65% of total cost of cement has synergies with group or where Group is market leader

5. Ground Network: Ground network (~1,01,500+ channel partners), stronger brand equity will facilitate improved volumes and margins

6. Strong Balance Sheet: Ambuja continues to remain debt free with net worth of Rs. 59,465 Cr , cash and cash equivalents of Rs. 18,299 Cr and Crisil AAA (stable) / A1+ credit rating maintained.

Adani Cement business will implement its accelerated capex program through internal accruals. Business will continue to remain debt free

28

ADANI GROUP	AMBUJA CEMENT	PERFORMANCE	ESG	ACCOLADES &	ABBREVIATIONS
PROFILE	OVERVIEW	HIGHLIGHTS	UPDATE	AWARDS

Ambuja Cement (consolidated): Cash & Cash Equivalents position

Synopsis of the movements in Cash & Cash Equivalent

Particulars	₹Crs
Opening balance as on 1st Apr 2024 #	15,999
(+) Cash flow from operating activities	(1,311)
(+) Cash flow from Investing activities	(3,305)
(+) Cash flow from Financing activities	6,916
Free Cash (other than lien marked )- as on 30th June 2024	17,967
(+) Lien marked cash for CCI and other ongoing matters	332
Total Cash & Cash Equivalents	18,299

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Cash & Cash Equivalent for the last ten quarters
Cash & Cash Equivalent for the last Seven quarters
32,448 * 59,465
18,299
15,999
11,530 11,886 11,721
9,454
8,591
8,142 7,488 7,267
Jun-22 15th Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24
Sep’22
Under HolcimUnder Holcim Under Adani FamilyUnder Adani
----- End of picture text -----*

Capex growth from existing 89 to 140 MTPA will be met through internal accruals and operating cash flows

Net worth increased by ₹ 8,620 Crs during Q1 FY’25 and now stands at ₹ 59,465 Crs.

Company continues to remains Debt Free

Crisil AAA (stable) / Crisil A1+ ratings maintained

• Net worth

29

Includes Lien marked Cash of 332 Cr

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ADANI GROUP AMBUJA CEMENT PERFORMANCE ESG ACCOLADES & ABBREVIATIONS
PROFILE OVERVIEW HIGHLIGHTS UPDATE AWARDS
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30

ADANI GROUP AMBUJA CEMENT PERFORMANCE PROFILE OVERVIEW HIGHLIGHTS

ESG ACCOLADES & ABBREVIATIONS UPDATE AWARDS

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Adani Cement: Stakeholder value creation

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Environmental

• −Committed to SBTi and GCCA for being Net Zero by 2050

• −Strong commitment to Sustainable Development (SD) 2030 Plan

• −Major investments in Renewable Energy and WHRS

• −Geoclean, EcomaxX, AFR, alternate raw materials etc to build circularity & accelerate green products

• −Focus on water positivity and circular economy

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Society

• −Spend made on various social development program

• −Outreach in 13+ states benefiting 3.3 Mn people through community development projects

• −Focus on Agro based livelihood, Water conservation, Health & Sanitation, Women Empowerment, etc.

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Governance

• Enhanced Governance - In addition to the statutory committees, there are 7 additional committees/sub-committees represented by independent directors

• Legal, Regulatory & Tax Committee

• Corporate Responsibility Committee

• Public Consumer Committee

• Information Technology and Data Security Committee

• Mergers and Acquisitions Committee

• Commodity Price Risk Committee

• Reputation Risk Committee

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31

ADANI GROUP ADANI CEMENT PERFORMANCE ESG ACCOLADES & PROFILE OVERVIEW HIGHLIGHTS UPDATE AWARDS

ESG Framework

Adani Group Vision & ESG Framework

To be a world class leader in businesses that enrich lives and contribute to nations in building infrastructure through sustainable value creation.

Our ESG Ambition

• Net Zero ESG Reporting Framework

ESG Rating Agencies

• Waste to Resource

• Water Positive

• Biodiversity Positive

• Zero Harm

• Engaged Communities

• Zero Non-Compliance

We are aligned with above ESG Reporting Frameworks & rated by these Rating Agencies

32

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ADANI GROUP AMBUJA CEMENT PERFORMANCE ESG ACCOLADES & ABBREVIATIONS
PROFILE OVERVIEW HIGHLIGHTS UPDATE AWARDS
ESG Highlights Q1 FY’25 (Ambuja Consolidated)
Net Zero Commitment Renewable and Green Energy Circular Economy Carbon Emissions – Scope I
Committed to Net Zero by 2050 with 18.4% Ambuja -2.1 Mn T, ACC- 3.6 Mn T of Kg/tonne of cementitious material
Near-Term (2030) targets varified waste derived resources used Ambuja – 530; ACC – 454
Water Positive (FY’24) Plastic Negative (FY’24) Trees Planted Clinker Factor
Ambuja – 11x; ACC – 1x Ambuja - 8x; ACC – 7x 6.4 million trees planted till FY24 61.9 %
CSR beneficiaries CSR Spent Local sourcing of raw material Training hours
4.6 million 23 crore Ambuja - 93%; ACC – 99% from 19 training hours/employee
within India
Independent Directors Data Security Anti-bribery and anti-corruption Ethics and Integrity
100% Board Committees chaired by Zero complaints Zero complaints Zero complaints
Independent Directors
% of attendance of Board members 93%
evaluation of Independent Directors by reputed firm Tax Transparency Report
Contribution towards economic development &
sustainability Rs. 13,361 Cr (FY’23)
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33

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ADANI GROUP AMBUJA CEMENT PERFORMANCE ESG ACCOLADES & ABBREVIATIONS
PROFILE OVERVIEW HIGHLIGHTS UPDATE AWARDS
ESG Ratings
RATING AGENCIES AMBUJA ACC
DJSI(2023) 60 61
CDP - CC A- A-
CDP - WS B
B
Sustainalytics 26.1 Medium 25.7 Medium
risk risk
B -
MSCI
With our Ongoing projects for Solar, Wind & WHRS at an investment of Rs. 10,000 crore
–
Scope 2 Carbon Emissions will reduce substantially
–
Will reach 60% Green Power share by FY’28
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34

ADANI GROUP AMBUJA CEMENT PERFORMANCE PROFILE OVERVIEW HIGHLIGHTS

ESG ACCOLADES & ABBREVIATIONS UPDATE AWARDS

ESG Dashboard

Material topic	Ambuja	ACC	UN SDGs
	*	*
Climate & Energy (Net specific CO2 emissions - Kg/T, without CPP) Circular Economy (Use of waste derived resources MnT/yr) Water & Nature People & Community (Number of beneficiaries – million)	453 530 21 2.1 10x Water positive 11x Water positive (FY’24) 3.5 3.27	400 454 30 3.6 5x Water positive 3.5 1.45 1x Water positive (FY’24)
Management confident of achieving ESG		targets ahead of schedule time

• Annualised

3535

ADANI GROUP AMBUJA CEMENT PERFORMANCE ESG ACCOLADES & ABBREVIATIONS PROFILE OVERVIEW HIGHLIGHTS UPDATE AWARDS

36

ADANI GROUP AMBUJA CEMENT PERFORMANCE ESG ACCOLADES & ABBREVIATIONS PROFILE OVERVIEW HIGHLIGHTS UPDATE AWARDS

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Corporate Social Responsibility (Ambuja Consolidated)

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Livelihoods

• 7572 trainings on agricultural activities and 112 trainings on agri allied activities across 15 Ambuja locations

• 33469.53 T Biomass supplied to Ambuja

• 574 Youth Trained under SEDI

• 50 newly SHGs formed

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Water Resource Management

• 112 RRWHS constructed

• 116 Awareness camps on water resource management

• 891.74 H covered under Micro irrigation

• World Environment Day celebrated across locations with tree plantations and various activities

• Investing in Water for Climate Resilient , Vidarbha event organized in Nagpur

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Quality Healthcare

• 26,104 truckers and allied population reached through health activities

• 653 Awareness camps on MHM

• 111 Awareness sessions on WASH in schools

• Menstrual Hygiene Day celebrated across locations creating awareness on menstruation and hygiene

• World No Tobacco Day celebrated across locations creating awareness on the ill effects of the use of tobacco

• World Drugs Day – Awareness Session organized at Truck Union Dabhota (HP) with truckers

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37

ABBREVIATIONS

ADANI GROUP AMBUJA CEMENT PERFORMANCE PROFILE OVERVIEW HIGHLIGHTS

ESG ACCOLADES & UPDATE AWARDS

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Corporate Social Responsibility (Ambuja Consolidated)

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Achievements

Ambuja Manovikas Kendra won the 'Overall Championship Trophy' 6th time in a row at the North Zone cultural competition of Intellectually Challenged Children – Umang 2024

Three supported schools at Arki and Dhundan blocks in Solan district, Himachal Pradesh have been bestowed the ‘School of Excellence’ award for the year 2023-24

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Partnerships

• NABARD, HP sanctions a 4-year watershed project in Sirmour district, HP

• NABARD, HP sanctions grant to train 230 trainees under 6 job roles at SEDI Nalagarh

• Uno Minda provided Rs. 50,000 for sponsorship for skill trainees of SEDI Ambujanagar

• DGM NABARD, Punjab inaugurates newly supported Assistant Electrician course at SEDI Bathinda

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38

ADANI GROUP AMBUJA CEMENT PERFORMANCE PROFILE OVERVIEW HIGHLIGHTS

ESG ACCOLADES & ABBREVIATIONS UPDATE AWARDS

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Board & Committee Structure

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Board of Directors
Statutory Committees Governance Committees
Audit CSR Nomination & Corporate Public Info.Tech &
Committee Committee Remuneration Committee Responsibility Consumer Data Security
Committee Committee Committee
Stakeholder Relationship
Risk Mgt. Committee Key committees like Audit, NRC, CRC & Public Consumer Committee
Committee
comprise of 100% independent directors
Reputation Risk Committee
M&A Committee
Commodity Price Risk Committee Meeting Frequency : Composition:
Quarterly 100% Independent
Legal, Regulatory & Tax Committee
Half Yearly 75% Independent
As and when 50% Independent
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• Every year independent evaluation of Independent Directors 93 % Board attendance

Ambuja Cements is placed in the 'Good' category by Institutional Investor Advisory Services (IiAS) in the Indian Corporate Governance Scorecard (2023)

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39

ADANI GROUP AMBUJA CEMENT PERFORMANCE PROFILE OVERVIEW HIGHLIGHTS

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ESG ACCOLADES & ABBREVIATIONS
UPDATE AWARDS
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40

ADANI GROUP AMBUJA CEMENT PROFILE OVERVIEW

PERFORMANCE ESG ACCOLADES & ABBREVIATIONS HIGHLIGHTS UPDATE AWARDS

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Accolades & Awards

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Ambuja Cements’ ACC wins the prestigious Ambuja & ACC achieves Ambuja & ACC receives the Golden Peacock Bhatapara and Roorkee Leadership Score in CDP ‘Best Customer Service’ plants win Platinum & Gold Environment Management Climate Assessment Award at the 17[th] Customer Awards for Environmental Award 2024 for the 6[th] Fest Show India 2024 Excellence time

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41

ADANI GROUP AMBUJA CEMENT PERFORMANCE ESG ACCOLADES & ABBREVIATIONS PROFILE OVERVIEW HIGHLIGHTS UPDATE AWARDS

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42

ADANI GROUP	AMBUJA CEMENT	PERFORMANCE	ESG	ACCOLADES &	ABBREVIATIONS
PROFILE	OVERVIEW	HIGHLIGHTS	UPDATE	AWARDS

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Abbreviations

ATGL	Adani Total Gas Ltd	MnT.	Million Tonne	ENOC	Energy Network Operation Centre	Energy Network Operation Centre
AEL	Adani Enterprises Limited	CLC	Clinker and Cement	FI	Financial Institution
APSEZ	Adani Ports and Special Economic Zone Limited	T	Tonne	RMX	Ready- Mix Concrete
AESL	Adani Energy Solutions Limited	TCO	Total Cost Basis	BCCI	Bulk Container Corporation of India
APL	Adani Power Limited	AFR	Alternate Fuels and Raw Material	IHB	Individual Home Buyer
AGEL	Adani Green Energy Limited	WHRS	Waste Heat Recovery System	UoM	Unit of Measurement
AAHL	Adani Airport Holdings Limited	MTPA	Million Tonne Per Annum	PMT	Per Metric Tonne
ARTL	Adani Roads Transport Limited	BCT	Bulk Cement Terminal	KPI	Key Performance Indicators
ANIL	Adani New Industries Limited	IHB	Individual Home Builder	LOI	Letter of Intent
AWL	Adani Wilmar Limited	GU	Grinding Unit	EPC	Engineering, Procurement and Construction
ADL	Adani Digital Limited	EC	Environment Clearance	CU	Clinkerization Unit
NDTV	New Delhi Television Ltd	CTE	Consent to Establish	DJSI	Dow Jones Sustainability Index
AIMSL	Adani Infra Mgt Services Pvt Ltd	O&M	Operations & Maintenance	CDP-CC	CDP Climate Change
GDP	Gross Domestic Product	PSU	Public Sector Undertaking	CDP-WS	CDP Water Security
M&A	Merger & Acquisition	NBFC	Non-Banking Financial Company	UN SDG	United Nations Sustainable Development Goals
NABARD	National Bank For Agriculture And Rural Development	GCCA	Global Cement Concrete Association	BCFC	Bottom Discharge Wagon
LC	Letter of Credit	ESG	Environmental, Social & Governance	WASH	Water, Sanitation & Hygiene
RRWHS	Rain Water Harvesting System	B2C	Business to Consumer	MHM	Menstrual Hygiene Management
SBTi	Science Based Targets initiatives	SEDI	Skill and Entrepreneurship Development Institute	NRC	Nomination and Renumeration Committee
SD	Sustainable Development	SHG	Self Help Group	CRC	Corporate Responsibility Committee
CSR	Corporate Social Responsibility	TSR	Thermal Substitution Rate
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Disclaimer

Certain statements made in this presentation may not be based on historical information or facts and may be “forward-looking statements,” including those relating to general business plans and strategy of Ambuja Cements Limited (“Ambuja”), the future outlook and growth prospects, and future developments of the business and the competitive and regulatory environment, and statements which contain words or phrases such as ‘will’, ‘expected to’, etc., or similar expressions or variations of such expressions. Actual results may differ materially from these forward-looking statements due to number of factors, including future changes or developments in their business, their competitive environment, their ability to implement their strategies and initiatives and respond to technological changes and political, economic, regulatory and social conditions in India. This presentation does not constitute a prospectus, offering circular or offering memorandum or an offer, or a solicitation of any offer, to purchase or sell, any shares and should not be considered as a recommendation that any investor should subscribe for or purchase any of Ambuja’s shares. Neither this presentation nor any other documentation or information (or any part thereof) delivered or supplied under or in relation to the shares shall be deemed to constitute an offer of or an invitation by or on behalf of Ambuja.

Ambuja, as such, makes no representation or warranty, express or implied, as to, and does not accept any responsibility or liability with respect to, the fairness, accuracy, completeness or correctness of any information or opinions contained herein. The information contained in this presentation, unless otherwise specified is only current as of the date of this presentation. Ambuja assumes no responsibility to publicly amend, modify or revise any forward-looking statements, based on any subsequent development, information or events, or otherwise. Unless otherwise stated in this document, the information contained herein is based on management information and estimates. The information contained herein is subject to change without notice and past performance is not indicative of future results. Ambuja may alter, modify or otherwise change in any manner the content of this presentation, without obligation to notify any person of such revision or changes.

No person is authorized to give any information or to make any representation not contained in and not consistent with this presentation and, if given or made, such information or representation must not be relied upon as having been authorized by or on behalf of Ambuja.

This presentation does not constitute an offer or invitation to purchase or subscribe for any securities in any jurisdiction, including the United States. No part of this presentation should form the basis of or be relied upon in connection with any investment decision or any contract or commitment to purchase or subscribe for any securities. None of our securities may be offered or sold in the United States, without registration under the U.S. Securities Act of 1933, as amended, or pursuant to an exemption from registration therefrom.

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MR. DEEPAK BALWANI

Head - Investor Relations deepak.balwani@adani.com

Ambuja Cements Limited

Registered office: Adani Corporate House, Shantigram, Near Vaishno Devi Circle, S.G. Highway, Ahmedabad – 382421. Ph +91 79265 65555 www.ambujacement.com; CIN: L26942GJ1981PLC004717

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