Ambuja Cements Ltd. - Investor Presentation 2025

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29[th] April 2025

National Stock Exchange of India Limited Scrip Code: AMBUJACEM

BSE Limited Luxembourg Stock Exchange Scrip Code: 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 23[rd] April 2025 regarding Analyst/Institutional call scheduled on 29[th] April 2025, we are enclosing herewith Presentation titled ‘Operational & Financial Highlights’ of the Company for the quarter and financial year ended on 31[st] March 2025.

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 Digitally signed by Manish Vinodchandra Vinodchandra Mistry Date: 2025.04.29 Mistry 14:44:07 +05'30' Manish Mistry Company Secretary & Compliance Officer

Encl: as above

Ambuja Cements Limited Registered Office: Adani Corporate House Shantigram, Near Vaishno Devi Circle, S. G. Highway, Khodiyar, Ahmedabad – 382 421, Gujarat, India Ph +91 79-2656 5555 www.ambujacement.com CIN: L26942GJ1981PLC004717

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

& Financial Highlights

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

Ambuja crosses 100 MTPA Capacity

Successfully completed acquisition of Orient Cement (in Apr’25)
Successfully commissioned 2.4 MTPA brownfield expansion of GU in Farakka (WB), debottlenecking of 0.5 MTPA across various plants
Highest ever volume in a quarter, quarterly volume growth of 13% YoY, @ 18.7 Mn T (excl. Orient)
EBITDA for Q4 @ Rs 1,001 PMT, margin at 18.9% vs. Rs 537 PMT in Q3 (excl. non-recurring govt. grant of Rs. 826 Cr)
Cash & Cash Equivalent at Rs. 10,125 Cr

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ADANI GROUP PROFILE

AMBUJA CEMENT PERFORMANCE OVERVIEW HIGHLIGHTS

ESG ACCOLADES & ABBREVIATIONS UPDATE AWARDS

Performance at a glance Q4 FY’25 Ambuja Cement consolidated Highest ever operating EBITDA in a quarter at Rs 1,868 Cr, up by 10% YoY

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VOLUME REVENUE EBITDA PAT
(in MnT CLC) (in R Cr) (Excluding other income, (in R Cr)
in R Cr)
18.7 9,889 1,868 1,282
16.6 8,894 1,699 1 1,521
MnT 2.1 R 995 R 169 R (239)
(+10%) (-16%)
(+13%) (+11%)
1 Strictly not comparable, because of overhead of new assets Sanghi, Asian Rajpura, GU Tuticorin & Penna
Q4 FY25 Q4 FY25 Q4 FY25 Q4 FY25
Q4 FY24 Q4 FY24 Q4 FY24 Q4 FY24
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ADANI GROUP AMBUJA CEMENT PERFORMANCE PROFILE OVERVIEW HIGHLIGHTS

ESG ACCOLADES & UPDATE AWARDS

ABBREVIATIONS

Performance at a glance FY’25 Ambuja Cement consolidated Highest ever annual volume at 65.2 Mn T, up by 10% YoY

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VOLUME REVENUE EBITDA PAT
(in MnT CLC) (in R Cr) (Excluding other income, (in R Cr)
in R Cr)
65.2 35,045 5,971 5,158
59.2 33,160 1 6,400 4,735
MnT 6.1 R 1,885 R (429) R 424
(+10%) (+6%) (-7%) (+9%)
FY25 FY25 FY'25 FY25
FY24 FY24 FY'24 FY24
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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

Crossed 100 MTPA capacity (~ 50% capacity addition over last 30 months). With the projects under advanced stage of completion, the capacity will go up to 118 MTPA by FY’26.

Well on track to achieve targeted capacity of 140 MTPA by FY’28

Cost Leadership

19% cost reduction since Sep’22 (Adani acquisition from Holcim), various Capex and Opex programs are in place to accelerate cost leadership journey, target to achieve another 12% by FY’28 (Rs 3,650 /Ton Cmt)

Market Leadership

Iconic brands with outstanding Brand Equity

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Operations

Asset Footprint

Pan India asset footprint
Rail infrastructure and advantageous coastal movement to serve peninsular India

Supply Chain Excellence

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

• Digital transformation through GPS, RFID, and real-time tracking

Sales & Marketing Excellence

• Highest % of trade sales (@73%) in Q4 FY’25 within peers, catering to profitable IHB segment

• Premium cement @29% of Trade sales in Q4 FY’25, amongst highest in the industry

leveraging technology through AI-powered customer service to enhance consumer experience

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Value Creation

Stakeholders

NIL Debt, Self sustained capex plan for growth / expansion plan

Cash & Cash equivalent to be used for strategic opportunities

Societal

5.7 Million people benefit under community development projects till FY’25

Environmental

Ahead of Sustainable Development (SD) 2030 Plan
• Target 60% Green Power & 27% TSR by 2028
Achieved 12x water positivity in FY’25 for Ambuja Cements, establishing leadership in water governance
Reached an impressive 11x plastic negativity in FY’25 for Ambuja Cements through co-processing of plastic waste in cement kiln.

Capacity enhancement by ~ 50% since acquisition of Ambuja in Sept’22

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55
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Adani Group Performance Accolades and
Profile Highlights Awards
1 2 3 4 5 6
Ambuja Cement
ESG Updates Abbreviation
Overview
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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

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Flagship Infrastructure & Utility Core Portfolio Primary Industry Emerging B2C
Materials, Metal Direct to
Incubator Energy & Utility Transport & Logistics
& Mining consumer
(100%)
(73.97%) (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]
(60.94%) (74.96%)
(100%) (30.42%)
AGEL APL
Renewables IPP Mining Services & AWL [6]
Commercial Mining Food FMCG
(69.94%) (37.40%) (65.89%) (100%) (67.53%)
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

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Listed cos
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Direct Consumer

A multi-decade story of high growth centered around infrastructure & utility core

NQXT: North Queensland Export Terminal. On 17[th] Apr’25, BOD have approved the acquisition of NQXT by APSEZ. | 2. ATGL: Adani Total Gas Ltd, JV with Total Energies | 3. Data center, JV with EdgeConnex, | 4. Cement includes 67.53% (67.57% on Voting Rights basis) stake in Ambuja Cements Ltd. as on 31[st] Mar’25 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. Ambuja Cements Ltd. holds 46.66% stake in Orient Cement Ltd. w.e.f 22[nd] Apr'25.| 5. Includes the manufacturing of Defense and Aerospace Equipment | 6. AWL Agri Business Ltd. : AEL to exit Wilmar JV, diluted 13.50% through Offer For Sale (13[th] Jan’25), residual stake dilution is pursuant to agreement between Adani & Wilmar Group. | 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 Labs Pvt. Limited; IPP: Independent Power Producer | NDTV: New Delhi Television Ltd | PVC: Polyvinyl Chloride l Promoter’s holdings are as on 31[st] March, 2025.

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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

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Growth 3x [6]
EBITDA 72% [1,2,3]
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Growth 3x [6]
EBITDA 92% [1,3,4]
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Growth 4x [6]
EBITDA 92% [1,2,3,5]
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Growth 3x [6]
EBITDA 38% [1,3]
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Adani’s Core Infra.
Platform –
350 Mn
Userbase
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AEL
APSEZ
AGEL
ATGL
AESL
APL
Adani Cement
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Note: 1. Provisional data for FY25 ; 2. Margin for Indian ports business only l Excludes forex gains/losses; 3. EBITDA: Earning before Interest Tax Depreciation & Amortization I EBITDA: PAT + Share of profit from JV + Tax + Deferred Tax + Depreciation + Finance Cost + Forex Loss / (Gain) + Exceptional Items 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 430.6 MMT (13%) between 2014 and 2025, outpacing the industry's growth from 972 MMT to 1,593 MMT (5%). AGEL 's operational capacity expanded from 0.3 GW to 14.2 GW (54%) between 2016 and 2025, surpassing the industry's growth from 46 GW to 172.4 GW (16%). AESL's transmission length increased from 6,950 ckm to 26,696 ckm (16%) between 2016 and 2025, surpassing the industry's growth from 3,41,551 ckm to 4,94,424 ckm (4%). APL’s operational capacity expanded from 10.5 GW to 17.6 GW (6%) between 2016 and 2025, outperforming the industry's growth from 185.2 GW to 221.8 GW (2%). 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/ l Renewable (operational capacity): https://cea.nic.in/installed-capacity-report/?lang=en l AESL (ckms): https://npp.gov.in/dashBoard/trans-map-dashboard l APL (operational capacity): https://cea.nic.in/wpcontent/uploads/installed/2025/03/IC_March_2025_allocation_wise.pdf | ckms: circuit kilometers |

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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[1]

Adani Infra (India) Limited (AIIL) | ITD Cementation Ltd. | PSP Projects Ltd.

OPERATIONS

Operations (AIMSL)

CONSUMERS

New C.E.O.

Consumer I Employees I Other Stakeholders

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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 agreements • Project Management • Asset Management plan • Differentiated and many P&Ls
Consultancy (PMC)
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% 23%
Framework 18% PSU Banks
March March Pvt. Banks
Policy, Duration Risk Matching 2016 55% 2% 2025 USD Bonds
31%
Strategy & Risk Management – Rate & Currency NBFCs & FIs
Risk Governance & Assurance 26% 25% DII
Framework Diversified Source of Capital Global Int. Banks
1%
Capex LC
Continued Focus & Human Capital • Leadership Development Initiatives AI enabled Digital Transformation •• Power Utility Business -City Gas Distribution - SOULENOC
Investment Development • Investment in Human Capital • Transportation Business - AOCC
ACTIVITY
PERFORMANCE
CAPITAL
MANAGEMENT
ENABLER
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Note : 1 ITD Cementation Ltd. : Acquired 20.83% shares from public through open offer. In process of complying with conditions for acquisition of 46.64% shares from existing promoters. PSP Projects Ltd. : Adani Infra (India) Limited has agreed to acquire shares from the existing promoter group of PSP Projects such that pursuant to the acquisition of shares from the public under open offer, AIIL and existing promoters shall hold equal shareholding. Transaction is pending for regulatory approvals. | 2 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) Ltd. | AOCC : Airport Operations Control Center

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ADANI GROUP PROFILE

ADANI CEMENT PERFORMANCE OVERVIEW HIGHLIGHTS

ESG UPDATE

ACCOLADES & ABBREVIATIONS AWARDS

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ADANI GROUP AMBUJA CEMENT PERFORMANCE ESG PROFILE OVERVIEW HIGHLIGHTS UPDATE

ACCOLADES & ABBREVIATIONS 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/Concrete requirement (Dharavi, Navi Mumbai Airport, Ganga expressway), EPC business

Coal

Use group’s leadership & expertise in procuring coal and mining operations

People

With diversified operations of Group, this will also enable optimization of resources with right talent at right place, training & development

Power & Renewables Group’s leadership & expertise in Thermal power plant operations and renewable energy to optimize power cost

Logistics

Distribution cost can be further optimized with group company’s expertise in all modes of logistics & port operations

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Project Execution Leveraging Group’s expertise in projects execution & cost negotiation benefits

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SportsLine Branding and Marketing

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

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

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Enablers for Cement demand

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1. National Infra Boom:

(a) Bharatmala Pariyojna 83,677 km of roads with Capex of Rs 5.35 Lakh Cr

50,000 km awarded ; 30,000 km completed
It requires 3,000-4,000 ton per km
Side amenities – service Roads, green zone and hubs increase by 20%

(b) Dedicated Freight Corridors

Two corridors – Western DFC (1,504 km) and Eastern DFC (1,850 km)
Cement intensive infrastructures like bridges, tunnels
Planned expansion can push this number to 25 Mn Tins by 2030

2. Urbanization Fully Residential & Commercial constructions:

a) Tier 1 cities – vertical growth

FSI relaxation and vertical zoning policies (Taller building in metro with more slabs) (18-25 storey building on an average consumes up to 5,,000 Tons of cement depending upon Floor area)
Smart city investments in 100 Cities – over 6,000 urban projects – adding to consumption

(b) Tier 2/3 cities – Horizontal & Vertical expansion

Tier II cities - construction growth @ CAGR of 10% annually

(c) Affordable housing (PMAY)

Govt sanctioned 12 Mn houses under PMAY
Cement requirement per unit 150 to 200 bag (7 to 10 Tons per house)

3. Commercial, Institutional and Green belt Growth:

4. Warehousing:

Demand for premium grade Cement
Industry demand for IT Parks, hospitals, schools & retail malls in Tier_1 & 2 cities
Green Building - high grade cements
`
New concepts like World One, GIFT city , Dholera – premium grade cement
– SWAMIH(Special Window for Affordable and Mid-Income Housing scheme) managed by SBI capital provide last mile funding for stalled projects
Cement Stores – 533.1 Million Sq. ft. (>100 Million Sq. ft. in Tier 2 & 3 cities)
Projected growth – 1.2 Billion sq. ft. by 2027 (Grade A,B,C warehouse put together)
Grade A addition – 300 Million Sq ft.
(Require 0.05 Ton of cement per sq ft. for grade A Warehouse)
Our 51,000 homes delivered; 20,000 homes targeted in next 3 years
SWAMIH 2 – 15 Lac crores allocated for 1 lac affordable houses

Expected Capacity utilization of Premium brand Cos. ~75 – 80%

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ADANI GROUP PROFILE

AMBUJA CEMENT PERFORMANCE OVERVIEW HIGHLIGHTS

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ESG ACCOLADES & ABBREVIATIONS UPDATE AWARDS

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Presence in 31 states & union
territories and 635+ districts (~79%)2
Gagal
For the Quarter Ended March 31, 2025 Darla / SuliRajpura Ropar Nalagarh Asian Nalagarh
Bhatinda Roorkee
100+ MTPA [1] 64.9% Dadri
Cement Capacity Clinker Factor Rabriyawas Kymore
Ametha
1 1 Marwar Mundwa Tikaria
Chaibasa
24 22 Lakheri
Farakka
Integrated Units Grinding Units Sanghi Sindri
Navalakhi Sankrail
Ambujanagar Damodhar
82% 101 Muldwarka SuratDahej Bargarh Kolkata
Share of Blended Cement Ready-Mix Concrete plants Panvel BCCI Ja lgaon BhataparaGopalpur Integrated Plants
Devapu r Jamul Grinding Units
10 11 ChandaPatas Maratha cement worksGaneshpahad Bulk TerminalBlending unit
Chittapur
Bulk Cement Terminals Captive Ships Tandur
Wadi Vizag Ambuja
ACC
Kudithini Krishnapatnam
Sanghi
8.2% 1,10,000+ Mangalore Thondebha vi Boyareddypalli Dahej
Talaricheruvu
Thermal Substitution Rate Channel partners across India Penna
Madukkarai
Cochin Karaikal Orient
Tuticorin
1 as on 29 [th] Apr 25
2 National presence (% coverage of total districts in India) as on 31.03.2025
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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 Higher contribution Adani Cement Geographical Spread
Patronage from Trade segment1 (Capacity Share) 2
Trade Cement Share
IHB Contractors Ambuja + ACC
73%
Professionals Dealers Northern Zone : 20%
Share of Premium Central Zone : 9%
Products Western Zone : 24%
Southern Zone : 27%
29%
Institutional Eastern Zone : 20%
Clients of Trade Volume
1. Q4 FY’25
2. as on 29 [th] Apr’25 and including Orient
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ADANI GROUP ADANI CEMENT PROFILE OVERVIEW

PERFORMANCE HIGHLIGHTS

ESG ACCOLADES & ABBREVIATIONS UPDATE AWARDS

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

Cement capacity of 100+ MTPA achieved and with the planned organic expansion plan, company is well poised to achieve the targeted capacity of 140 MTPA ahead of commitment of FY’28
Net worth at an all time high of Rs. 63,811 Cr and Cash & Cash equivalent at Rs 10,125 Cr
Added 0.4 Bn MT new limestone reserves in Q4 FY’25, total reserves(Including Orient) reaching ~ 9 Bn MT.
– ESG Program :
- Ambuja Cements enters into strategic partnership with Finland-based Coolbrook to implement its proprietary Rotodynamic Heater (RDH) technology . This will significantly reduce fossil fuel dependency by harnessing Renewable Electricity for zero carbon hightemperature process heating
- Net Zero commitment with 2050 targets validated by SBT i
- Commissioned 200 Mw solar and 99 Mw Wind power in Khavda site & with Green power share at 21% of power consumption in FY’25 & targeting to reach 60% by FY’28
- Water positive @12 x (ahead of SDP 2030 target), Plastic negative @ 11x
Fuel rate has reduced by 12% YoY on yearly basis from Rs 1.90 to Rs 1.66/000 kCal with maximization of Captive coal and Group synergy. AFR for the [email protected]% , therefore substantial scope to reduce fuel cost further
Logistics cost reduced by 5% @Rs 1,260 per Ton for the year driven by efficiency improvement journey • Overall lead reduced by 8 Km (279 km to 271 km)
- Direct dispatch up by 7 pp @56%
- Road PTPK decreased by 2% ( Rs 4.23 to 4.15 PTPK)
This will further reduce through
- Higher Sea transport share
- Own BCFC rakes transport mode

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SBTi : Science Based Target Initiatives

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
Mar’25 Dec’24 Mar’24 Mar’25 Dec’24 Mar’24 Mar’25 Dec’24 Mar’24 Mar’25 Dec’24 Mar’24
Volume [1] MnT 18.7 16.5 16.6 11.6 10.1 9.5 11.9 10.7 10.5 0.9 0.6 0.8
Revenue from
₹ Cr 9,889 9,329 8,894 5,681 5,043 4,780 6,009 5,896 5,398 335 259 285
Operation [1]
EBITDA (Excl. Other
₹ Cr 1,868 1,712 1,699 1,038 601 798 800 1,109 837 36 30 59
Income)
EBITDA (%) % 18.9% 18.4% 19.1% 18.3% 11.9% 16.7% 13.3% 18.8% 15.5% 10.9% 11.7% 20.6%
EBITDA (PMT) ₹ /Ton 1,001 537 4 1,026 898 407 3 837 673 440 2 800 427 485 758
Other Income ₹ Cr 573 1,352 233 442 772 177 191 644 122 11 4 3
PBT ₹ Cr 1,780 $ 2,336 1,595 1,197 1,084 681 859 1,475 662 (117) (60) (19)
PAT ₹ Cr 1,282 2,620 1,521 929 1,758 532 735 1,089 749 (117) (97) (19)
EPS (diluted) ₹ 3.88 8.59 4.93 3.77 7.14 2.42 39.06 57.84 39.76 (4.53) (3.75) (0.74)
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1 Net of MSA sales for Ambuja consolidated.
2 Including non-recurring Govt grant of Rs 637 Cr, stands at Rs 1,032 PMT
3 Including non-recurring Govt grant of Rs 189 Cr; stands at Rs 595 PMT
4 Including non-recurring Govt grant of Rs 826 Cr; stands at Rs 1,038 PMT

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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NSP
(₹/bag Cement)
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13% 2%
18.7
257 245 251
16.6 16.5
Mar-24 Dec-24 Mar-25 Mar-24 Dec-24 Mar-25
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Sales volume growth of 13% driven by

−Larger engagement of Technical services with influencers

−Strengthening of ground sales team

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EBITDA (Incl. RMX) (Excl. Other
Income) (₹ Cr & Margin)
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EBITDA (Incl. RMX)
(Excl. Other Income) (₹ /ton)
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2%

10%

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1,868
1,699
1,026 1,001
885 537
19.1% 10.4% 18.9%%
Mar-24 Dec-241 Mar-25 Mar-24 Dec-241 Mar-25
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Consistent endeavor of cost leadership journey, improvement of operating efficiency parameters will help in improvement of profitability further and sustain the PMT EBITDA in 4-digit numbers

−Improved Brand Equity
−Market segmentation and focus on higher profitable markets
−Improved physical infrastructure & plant productivity
−Digitisation : effectiveness of sales analytics

Focused Branding and maximization of premium products will enable in improving the realization in coming quarters and improve profitability

1 Including non-recurring govt. grant of Rs 826 Cr., stands at Rs. 1,712 Cr (18.4%)& Rs 1,038 PMT

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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7% 2% 2%
732 1,248 1,258
696 1,230
1,238
647 1,202 1,228
Mar-24 Dec-24 Mar-25 Mar-24 Dec-24 Mar-25 Mar-24 Dec-24 Mar-25
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3%

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787
614 631
Mar-24 Dec-24 Mar-25
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Costs are increasing mainly on account of purchased clinker (which is beneficial on TCO basis), excluding this the costs are on downward trend.. Constant endeavors to optimize the costs through

Mix and Source optimization
Efficiency improvements
Longterm arrangement for Fly Ash
Improving Plant Infra for material handling

With these action plans the costs will be reducing in coming quarters

Costs are increasing mainly on a/c of Freight and Forwarding costs are on higher production of clinker volume downward trends and this reduction vs consumption and this will have a journey expected to continue driven by +ve impact in coming quarter. various initiatives mainly,

Power and Fuel costs have been reducing consistently with strong actions on i) increasing share of green power ii) maximization of Captive coal share iii) Increase AFR consumption. This has resulted in

Increase share of Sea transport (Target to reach 10% by FY’28)
Automation and Digitization
Wheeler rationalization resulting in lower freight cost
Improve Direct dispatches
Reduced Kiln fuel cost (Rs 1.84 to 1.58/000 kCal)
Re-negotiations of freight and handling rates
Higher Green power share by 10.5 pp (from 15.6% to 26.1%)

These costs have gone up mainly on a/c higher Branding and consultancy services costs. With initiatives taken to optimize the resources and simplify business operations, these costs will reduce in upcoming quarters, viz.

Global Capability Center rolled out
Strong focus on Digitization and automation
Unified & Simple business process

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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NSP
(₹/BAG)
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EBITDA (Excl. Other Income)
(₹ Cr & Margin)
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EBITDA
(Excl. Other Income) (₹ /ton)
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14% 3%
11.9
244
10.7 227 237
10.5
Mar-24 Dec-24 Mar-25 Mar-24 Dec-24 Mar-25
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1% 13%

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837 830
800
698
479
445
15.5% 9.1% 13.5%
Mar-24 Dec-241 Mar-25 Mar-24 Dec-241 Mar-25
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Various initiatives taken on ground level have led to higher volume growth and improved realization

−Active engagement of Technical support team with influencers

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

−Offering of value-added solution beyond Cement
−Focused branding and promotion activities
−Improved Physical infrastructure
−Higher Premium products share

Continuous focus on maximization of premium product share will contribute to improvement of realization

1 Including non-recurring govt. grant of Rs 637 Cr., stands at Rs. 1,116 Cr

(18.8%) & Rs 1,038 PMT

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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8% 22%
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FREIGHT AND FORWARDING
(₹/ton)
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OTHER EXPENSES
(₹ /ton)
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12%

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760 930 1,018
733 790 727 492 479
435
678 939 937
Mar-24 Dec-24 Mar-25 Mar-24 Dec-24 Mar-25 Mar-24 Dec-24 Mar-25 Mar-24 Dec-24 Mar-25
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Costs are higher mainly due to higher purchased clinker consumption (Excluding this cost is lower by 12%). Besides constant endeavors to

Freight and forwarding costs reduced by 8% & expected to reduce further in coming quarters with various initiatives like

Power and Fuel costs have reduced by 22% (Rs 203/t) mainly driven by,

WHRS share of total power up by 5.3 pp to 14%
Minimizing consumption of costlier raw materials through raw mix & source mix optimization
costlier raw materials through – Green power mix up by 10 pp Renegotiation & Reverse bidding for freight
raw mix & source mix @23% – optimization – Maximization of linkage & Captive – Direct dispatch up by 6 pp @ 53%
− Improved physical infrastructure coal consumption resulted in Wheeler rationalization leading to for BCFC rakes lower fuels costs from Rs 1.91 to higher direct dispatch and lower
− Long term arrangements for Rs 1.47/’000 kCal – freight costs major raw materials – Maximization alternative fuel Digitization enabling efficiency
Will further bring down the costs in consumption leading to higher improvement & better control mechanism coming quarters TSR by 0.4 pp @11.0%
Long term arrangements for major raw materials
Will further bring down the costs in coming quarters

Other expenses have been reduced mainly due to

Revamping the Business model with new and lean business structure
– Challenging every spend and only business critical spends allowed
Automation and Digitization
– synergies with group company resulting in better negotiated rates wherever possible

Journey of Cost leadership continues….

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ADANI GROUP AMBUJA CEMENT PERFORMANCE ESG ACCOLADES & ABBREVIATIONS
PROFILE OVERVIEW HIGHLIGHTS UPDATE AWARDS
Capex updates
23
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ADANI GROUP AMBUJA CEMENT AMBUJA CEMENT PERFORMANCE PERFORMANCE ESG ACCOLADES & ABBREVIATIONS PROFILE OVERVIEWOVERVIEW HIGHLIGHTSHIGHLIGHTS UPDATE AWARDS

Roadmap to 140 MTPA - 100+ at present, 118 by FY’26 and 140 MTPA by FY’28

Cement
Status Update
Expected
completion
Capacity (MTPA)
Expansion
Project
Cement
Clinker
•
In advanced stage of completion and expected to complete by
Q1 FY’25
Q1 FY’26
-
4.0
Bhatapara Line 3 (CU)
Q1 FY’26
2.4
-
Sankrail (GU)
Q1 FY’26
1.6
-
Sindri (GU)
Q2 FY'26
2.4
-
Salai Banwa (GU)
•
Civil & Mechanical work is in progress, Delivery of major
equipments’ commenced,
Q3 FY’26
1.2
-
Bathinda
Q3 FY'26
2.4
-
Marwar (GU)
Q4 FY'26
-
4.0
Maratha Line 2 (CU)
Q3 FY’26
1.2
-
Dahej Line-2 (GU)
•
Civil work is in progress, delivery of major equipments has
commenced
Q3 FY'26
1.0
-
Kalamboli (Blending)
•
Major equipments received at site, Civil work completed for
main plant buildings. Equipments installation is in progress.
Q3 FY’26
2.0
3.0
Jodhpur (Penna IU)
Q2 FY'26
2.0
-
Krishnapatnam Penna
(GU)
•
Civil work is in progress,, delivery of major equipments
commenced.
Q4 FY’26
2.4
-
Warisaliganj (GU)
18.6
11.0
Total
Capacity Details (Mn T) : Clinker Cement
Existing Capacity(after debottlenecking)
56 91
Orient Cements 6 9
Projects under execution 11 19
Addl. Projects at various stages 16 21
Total Capacity 89 140

24 24

ADANI GROUP AMBUJA CEMENT AMBUJA CEMENT PERFORMANCE PERFORMANCE ESG ACCOLADES & ABBREVIATIONS PROFILE OVERVIEWOVERVIEW HIGHLIGHTSHIGHLIGHTS UPDATE AWARDS

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With 100+ MTPA, well placed to achieve targeted capacity 140 MTPA before FY’28

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21 140
19
3 100
9
10
6 11 2 77 2
68 1
Ambuja’s Ametha Sanghi Ind Ltd. Dahej Asian Cement Ambuja’s My Home Ind Penna Cement Orient Farakka (GU) Ambuja’s Organic Strategic Consolidated
Consolidated Dec’23 Dec’23 Jul’23 and Concrete consolidated Apr’24 (Operational) Cement & Consolidated expansions Roadmap Capacity end
Operating Jan’24 Capacity as Debottlenecking operating (at various Ready of FY 2028
Capacity of FY 2024 Capacity stages)
Sep’22 post Penna &
(time of Orient
acquisition) acquisition
1 Ambuja/ACC have long term purchase agreement with Dahej plant of Ambuja Cement Industries Ltd., 100% subsidiary of Adani Cementation limited
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ADANI GROUP AMBUJA CEMENT PERFORMANCE ESG ACCOLADES & ABBREVIATIONS PROFILE OVERVIEW HIGHLIGHTS UPDATE AWARDS

Adani Cement – Capacity Enhancement Enablers

Cement Capacity (MTPA)

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16%
With
Orient 140
Cements
>100
89
67.5 77
Sept'22 FY'24 Oct'24 29th FY'28
Apr'25
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1. Land: land already in possession/ available with group / in advance stages of acquisition

2. Limestone: Added 0.4 Bn MT new limestone reserves in Q4 FY’25, total reserves(Including Orient) reaching ~9 Bn MT .

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. Project Execution: Strong project execution framework to ensure capacity is met with efficient design and optimized Capex/MT

6. Ground Network: Ground network (~1,10,000+ channel partners), stronger brand equity will facilitate improved volumes and margins

7. Strong Balance Sheet: Ambuja continues to remain debt free with net worth of Rs. 63,811 Cr, cash and cash equivalents of Rs. 10,125 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

ADANI GROUP AMBUJA CEMENT PROFILE OVERVIEW

PERFORMANCE ESG ACCOLADES & ABBREVIATIONS 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 1
(+) Cash flow from operating activities	3,675
(+) Cash flow from Investing activities	(15,141)
(+) Cash flow from Financing activities	5,592
Free Cash (other than lien marked )- as on 31st Mar 2025	9,812
(+) Lien marked cash for CCI and other ongoing matters	313
Total Cash & Cash Equivalents as on 31st Mar 2025	10,125

Capex growth from existing 100 to 140 MTPA will be met through internal accruals and operating cash flows

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Cash & Cash Equivalent for the last eleven quarters
32,448 2 63,811 2
Penna Acq.
Cash & Cash Equivalent for the last Seven quarters 7,835 Cr
Sanghi Acq.
3,485 Cr 18,299
15,999
11,530 [11,886 11,721 ]
10,135 10,125
9,454
8,142 7,488 7,267 8,591 8,755
Jun'22 15th Sept'22 Dec'22 Mar'23 Jun'23 Sept'23 Dec'23 Mar'24 Jun'24 Sept'24 Dec'24 Mar'25
Sept'22
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Under Holcim

Under Adani

Net worth increased by ₹ 12,969 Crs during FY’25 and now stands at ₹ 63,811 Crs.

Company continues to remains Debt Free

Crisil AAA (stable) / Crisil A1+ ratings maintained

Net worth in Cr

Includes Lien marked Cash of 366 Cr

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

ADANI CEMENT PERFORMANCE ESG ACCOLADES & 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

ESG Guiding Framework

ESG Rating Agencies

Net Zero
Waste to Resource
Water Positive
Biodiversity Positive
Zero Harm
Engaged Communities
Zero Non-Compliance

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ADANI GROUP AMBUJA CEMENT PERFORMANCE ESG ACCOLADES & ABBREVIATIONS
PROFILE OVERVIEW HIGHLIGHTS UPDATE AWARDS
ESG Ratings
RATING AGENCIES AMBUJA ACC
DJSI(2024) 60 64
CDP - CC B B
CDP - WS B
B
28.6 Medium
Sustainalytics 22.2 Medium
risk
risk
BB -
MSCI
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ADANI GROUP
PROFILE
AMBUJA CEMENT
OVERVIEW
PERFORMANCE
HIGHLIGHTS
ESG
UPDATE
ACCOLADES &
AWARDS
ABBREVIATIONS
ESG Dashboard
Material topic
Ambuja
ACC
UN SDGs
Climate & Energy
(Net specific CO2
emissions - Kg/T)
Climate & Energy
(Green Power)
440

537
421

484
60%
28%
60%
18.0%
2.4
Million
4.9
Million till FY 24
Circular Economy
(Use of waste derived
resources MnT/yr)
21
8.1
30
12
Water & Nature
(Water Positive)
10x
12x
5x
1.04x
Water & Nature
(Trees Planted - Million)
2.4
1.5
till FY 25
5.9
5.1
till FY 25
2.4
Million
4.9
Million till FY 24
People &
Community
(beneficiaries – million)
5
3.6
till FY 25
3.5
2.1
till FY 25

Net Zero Commitment: Committed to Net Zero by 2050 with Near-Term (2030) targets validated; Ambuja and ACC are the only two cement companies in the country to make this commitment

As per SBTi validated target

3232

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
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1,260 trainings on agricultural activities and 576 trainings on Agri Allied Activities.
21,695 tones Biomass supplied to Ambuja
3,167 Youth trained under SEDI
58 newly SHGs formed
New course launched in AI-Data Science in SEDI Darlaghat and Nalagarh

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Water Resource Management

33 RRWHS constructed
83 Awareness camps on water resource management
735 hectares covered under Micro irrigation
829 hectares covered under Soil and Water Conservation

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Quality Healthcare

  - 35,526 truckers and allied population reached through health activities

  - 13,062 beneficiaries screened under NCD program

  - 353 Awareness sessions on WASH in schools

  - Three Day Workshop on Breast Cancer organized with AIIMS Bathinda, ABS UK, ABSI and Punjab Medical Council. Over 300 frontline health workers participated.

SEDI Sankrail organized a Job Fair with 16 companies present for placement opportunities with over 800 candidates selected.
*RRWHS – Rooftop Rainwater Harvesting Systems
*SHGs – Self-Help Groups
*SEDI – Skill & Entrepreneurship Development Institute NCD – Non-Communicable Diseases ABS – Association of Brest Surgeons, UK ABSI – Association of Breast Surgery, India

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ADANI GROUP AMBUJA CEMENT PERFORMANCE PROFILE OVERVIEW HIGHLIGHTS

ESG ACCOLADES & UPDATE AWARDS

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ABBREVIATIONS

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Corporate Social Responsibility (Ambuja Consolidated)

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Achievements

ICC Social Impact Award 2025 – Ambuja
Sankrail won in the Employment through Vocational Skills category
FPC Bhuamrit won the first prize in the
Organic Product Category at the Grameen Baharat Mahotsav
FPC Shivam Milk Producers Cooperative
Dairy Society Ltd honored with an award by the Chief Secretary of Himachal Pradesh

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Events

Ambuja Manovikas Kendra celebrates 25 years of service provided to individuals with Special Needs and their families
World Cancer Day street plays were organized in locations
Republic Day celebrated across locations
National Youth Day celebrated across SEDI centers
World Water Day celebrated across locations

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ICC – Indian Chamber of Commerce FPC – Farmer Producer Company

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 99 % Board attendance

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


	Particulars	Ambuja		ACC
Policy Framework			Link		Link
Sustainability Report (FY’24)			Link		Link
Integrated Annual Report (FY’24)			Link		Link
Digital BRSR			Link		Link
ESG Profile			Link		Link
Tax Transparency Report *			Link		Link

ADANI GROUP AMBUJA CEMENT PERFORMANCE PROFILE OVERVIEW HIGHLIGHTS

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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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Accolades & Awards

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Ambuja Cements receives 2024 DET Hurun Pioneer in Cement Manufacturing and Infrastructure Impact

Ambuja Cements' Sankrail Plant felicitated with Kalinga National Safety Excellence Award in the Platinum category by IQEMS

Ambuja Cements’ four sites felicitated with 3-star rating award by Vision Zero System India at IIT Delhi

ACC’s Thondebavi plant recognised with Best Industry Safety Award by Director of Factories & Boilers, Govt. of Karnataka

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

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ADANI GROUP AMBUJA CEMENT	ADANI GROUP AMBUJA CEMENT	PERFORMANCE	ESG	ACCOLADES & ABBREVIATIONS
PROFILE	OVERVIEW	HIGHLIGHTS	UPDATE	AWARDS
Abbreviations
AEL	Adani Enterprises Limited		NQXT	North Queensland Export Terminal	ENOC	Energy Network Operation Centre
ATGL	Adani Total Gas Ltd		MnT.	Million Tonne	FI	Financial Institution
APSEZ	Adani Ports and Special Economic Zone Limited		CLC	Clinker and Cement	RMX	Ready- Mix Concrete
AESL	Adani Energy Solutions Limited		PLI	Production Linked Incentive	BCCI	Bulk Container Corporation of India
APL	Adani Power Limited		TCO	Total Cost Basis	UoM	Unit of Measurement
AGEL	Adani Green Energy Limited		AFR	Alternate Fuels and Raw Material	PMT	Per Metric Tonne
AAHL	Adani Airport Holdings Limited		WHRS	Waste Heat Recovery System	KPI	Key Performance Indicators
ARTL	Adani Roads Transport Limited		MTPA	Million Tonne Per Annum	FPC	Farmer Producing Company
ANIL	Adani New Industries Limited		BCT	Bulk Cement Terminal	GCC	Global Capability Centre
AWL	Adani Wilmar Limited		IHB	Individual Home Builder
					EPC	Engineering, Procurement and Construction
ADL	Adani Digital Limited		GU	Grinding Unit	CU	Clinkerization Unit
NDTV	New Delhi Television Ltd		EC	Environment Clearance
					DJSI	Dow Jones Sustainability Index
AIMSL	Adani Infra Mgt Services Pvt Ltd		O&M	Operations & Maintenance	CDP-CC	CDP Climate Change
OCL	Orient Cement Limited		PSU	Public Sector Undertaking	CDP-WS	CDP Water Security
GDP	Gross Domestic Product		NBFC	Non-Banking Financial Company	UN SDG	United Nations Sustainable Development Goals
MSCI	Morgan Stanley Capital International		GCCA	Global Cement Concrete Association	BCFC	Bottom Discharge Wagon
NABARD	National Bank For Agriculture And Rural Development		ESG	Environmental, Social & Governance	WASH	Water, Sanitation & Hygiene
LC	Letter of Credit		B2C	Business to Consumer	ABS	Association of Brest Surgeons
RRWHS	Rainwater Harvesting System		SEDI	Skill and Entrepreneurship Development Institute	ABSI	Association of Breast Surgery, India
SBTi	Science Based Targets initiatives		SHG	Self Help Group	NRC	Nomination and Renumeration Committee
SD	Sustainable Development		TSR	Thermal Substitution Rate	CRC	Corporate Responsibility Committee
CSR	Corporate Social Responsibility		OPC	Ordinary Portland Cement			41
ICC	Indian Chamber of Commerce		NCD	Non-Communicable Diseases

ADANI GROUP AMBUJA CEMENT PERFORMANCE ESG ACCOLADES & ABBREVIATIONS Details of Q4 FY’25 Earnings callPROFILE OVERVIEW HIGHLIGHTS UPDATE AWARDS

Management Representation

Mr. Vinod Bahety - Chief Executive Officer
Mr. Rakesh Tiwari - Chief Financial Officer

Details of the conference call

Time: 2:00 PM IST on Tuesday, April 29, 2025

Conference dial-in:	Conference dial-in:
India (Mumbai)	+91 22 6280 1458
	+91 22 7115 8846
USA	+1 866 7462 133
UK	+0 808 1011 573
Singapore Toll Free No.	+800 1012 045
Hong Kong Toll Free No.	+800 9644 48

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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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CA. DEEPAK BALWANI

Head - Investor Relations [email protected]

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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AI assistant

Ambuja Cements Ltd. — Investor Presentation 2025

59365_rns_2025-04-29_3c05b0c7-33c9-4557-85b3-897ee3989ecc.pdf

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

Ambuja crosses 100 MTPA Capacity

Performance at a glance FY’25 Ambuja Cement consolidated Highest ever annual volume at 65.2 Mn T, up by 10% YoY

Builders of Progress in India

Development

Well poised for Growth

Cost Leadership

Market Leadership

Operations

Asset Footprint

Supply Chain Excellence

Sales & Marketing Excellence

Value Creation

Stakeholders

Societal

Environmental

Contents

Direct Consumer

A multi-decade story of high growth centered around infrastructure & utility core

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

DEVELOPMENT[1]

Adani Infra (India) Limited (AIIL) | ITD Cementation Ltd. | PSP Projects Ltd.

OPERATIONS

Operations (AIMSL)

CONSUMERS

New C.E.O.

Advantage - Group Synergy

Realty

Fly Ash

Coal

People

Logistics

Enablers for Cement demand

1. National Infra Boom:

(a) Bharatmala Pariyojna 83,677 km of roads with Capex of Rs 5.35 Lakh Cr

(b) Dedicated Freight Corridors

2. Urbanization Fully Residential & Commercial constructions:

a) Tier 1 cities – vertical growth

(b) Tier 2/3 cities – Horizontal & Vertical expansion

(c) Affordable housing (PMAY)

3. Commercial, Institutional and Green belt Growth:

4. Warehousing:

Expected Capacity utilization of Premium brand Cos. ~75 – 80%

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

Strength

Heritage

On track to achieve targeted Growth more efficiently

Financial results (for the Quarter)

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

Sales volume growth of 13% driven by

2%

10%

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

3%

ACC (Consolidated) Cement Business (% Change YoY)

1% 13%

ACC (Consolidated) Cement Business (% Change YoY)

Journey of Cost leadership continues….

Roadmap to 140 MTPA - 100+ at present, 118 by FY’26 and 140 MTPA by FY’28

With 100+ MTPA, well placed to achieve targeted capacity 140 MTPA before FY’28

Adani Cement – Capacity Enhancement Enablers

Cement Capacity (MTPA)

Ambuja Cement (consolidated): Cash & Cash Equivalents position

Synopsis of the movements in Cash & Cash Equivalent

Crisil AAA (stable) / Crisil A1+ ratings maintained

Adani Cement: Stakeholder value creation

Environmental

Society

Governance

ESG Framework

Our ESG Ambition

ESG Guiding Framework

ESG Rating Agencies

Corporate Social Responsibility (Ambuja Consolidated)

Water Resource Management

Quality Healthcare

Corporate Social Responsibility (Ambuja Consolidated)

Ambuja Cements Ltd. Investor Presentation 2025