Ambuja Cements Ltd. — Investor Presentation 2025

Jul 31, 2025

31[st] July 2025

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To

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

Dear Sir / Madam,

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

In continuation of our letter dated 18[th] July 2025 regarding Analyst/Institutional call scheduled on 31[st] July 2025, we are enclosing herewith Presentation titled ‘Operational & Financial Highlights’ of the Company for the quarter ended on 30[th] June 2025.

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

Kindly take the same on record.

Thanking you,

Yours Sincerely, For Ambuja Cements Limited Manish Digitally signed by Manish Vinodchan Vinodchandra Mistry Date: 2025.07.31 dra Mistry 14:02:17 +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

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• Ambuja Cements begins FY 26 with a robust performance

• ➢ Highest quarterly sales volume of 18.4 MnT (up 20% YoY), revenue crossed Rs 10,000 Cr mark (up 23% YoY), highest EBITDA at Rs 1,961 Cr (up 53% YoY)

• ➢ Present Cement Capacity of 104.5 MTPA, well poised to achieve planned capacity of 118 MTPA by March 2026

• ➢ Commissioned 57 MW wind power in Q1 FY26, taking Renewable Energy capacity to 473 MW ➢ Adoption of DIGIPIN to address freight standardisation and hyperlocal marketing

• ➢ Launched ‘NirmAAAnotsav’ in exclusive partnership with CREDAI, first event in Ahmedabad with plans for 20 other cities

• ➢ Scheme of Amalgamation of Adani Cementation Limited with Ambuja Cements Limited has been approved by NCLT (Ahmedabad bench) on 18th July 2025

• ➢ Ranked as ‘India's Most Trusted Cement Brand 2025’ for 4th year in a row by TRA Research in its Brand Q1 & FY’26 Operational

• Trust Report 2025

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Performance at a Glance Q1 FY’26

Ambuja Cement Consolidated

Net worth Rs. 66,436 Cr, continue to remain Debt Free

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VOLUME REVENUE EBITDA
R
(in Cr)
(in MnT ) (Excluding other income,
in R Cr)
18.4 10,289 1,961
15.3 8,392 1,280
MnT 3.1 R 1,897 R 681
(+20%) (+23%) (+53%)
Q1 FY26 Q1 FY26 Q1 FY26
Q1 FY25 Q1 FY25 Q1 FY25
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PAT
R
(in Cr)
970
783
R 186
(+24%)
Q1 FY26
Q1 FY25
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Builders of Progress in India

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Development Operations Value Creation Well poised for Growth Stakeholders Asset Footprint • 104.5 MTPA capacity with brownfield expansion of • Pan India asset footprint • Net worth at Rs. 66,436 Cr , Company remains debt Farakka (2.4 MTPA), Sankrail (2.4 MTPA) and Sindri • Acquired assets contributing meaningfully in terms of free & continues to maintain highest rating Crisil AAA (1.5 MTPA) grinding units and debottlenecking capacity utilization, wider footprint, expanded market (stable) / Crisil A1+ • With the projects under advanced stage of presence and driving down costs completion, the capacity will go up to 118 MTPA by Societal Supply Chain Excellence Mar’26; well on track to achieve targeted capacity of • 5.7 Million people benefit under community • 140 MTPA by FY’28 First in the industry to adopt DIGIPIN for address development projects till FY’25 standardisation and hyperlocal marketing, to reduce Cost Leadership freight cost Environmental • • Ongoing Capex and Opex efficiency initiatives Well placed to leverage rail, sea and BCT/GUs • World’s first cement company to join the Alliance for continue to yield strong operational results infrastructure strength & optimize logistics cost Industry Decarbonization (AFID), under the Sales & Marketing Excellence International Renewable Energy Agency (IRENA) Market Leadership • • Highest % of trade sales (@74%) in Q1 FY’26 within India’s only and globally among the four large-scale • Focus on shifting from being just a cement cement companies to have their science-based netpeers, catering to profitable IHB segment manufacturer to a comprehensive building materials • zero and near-term targets validated by the SBTi. Higher share of premium products as a % of trade sales solutions provider @ 33% (up 43% YoY) 01 02 03 Ambuja Ambuja, with 104.5 MTPA, is the 9[th] Ambuja is one of the world's Ambuja is India’s leading cement company Cement largest cement manufacturer fastest-growing building with net-zero targets validated by SBTi, globally and 2[nd] in India materials solution companies following Cemex, Heidelberg, and Holcim

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Performance
Adani Group
Annexures
Profile Highlights
1 2 3 5 6
4
Ambuja Cement
ESG Updates Abbreviation
Overview
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Adani Group 01 Profile

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Flagship Infrastructure & Utility Core Portfolio Other
Primary Industry
Materials, Metal
Incubator Energy & Utility Transport & Logistics
Specialty
& Mining
(73.97%) (65.89%) (67.53%)
(61.91%) (74.96%)
AGEL [1] APL APSEZ
AEL Ambuja Cements [4]
Renewables IPP Ports & Logistics
(71.19%) (37.40%) (100%) (50.05%) (58.08%) (72.66%)
AESL ATGL [2]
ACC [4] Orient [4]
NQXT [3] Sanghi [4]
T&D Gas Discom
(100%) (100%) (100%) (64.71%) (30.42%)
(100%) (50.00%)
ANIL AdaniConneX [5] AAHL ARTL AWL [6]
Copper, Aluminum NDTV
New Industries Data Centre Airports Roads Food FMCG
(100%) (100%)
(100%) (100%)
Mining Services
Specialist
PVC & GCC
Manufacturing [7]
Com. Mining
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• (%): Adani Family equity stake in Adani Portfolio companies (%): AEL equity stake in its subsidiaries (%): Ambuja 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

1. All 2,24,58,864 share warrants outstanding as of 30[th] June 2025 were converted during July 2025. Following the conversion, promoter shareholding in AGEL increased to 62.43% as of 18[th] July 2025 | 2. ATGL: Adani Total Gas Ltd, JV with Total Energies | 3. NQXT: North Queensland Export Terminal. On 17[th] Apr’25, Board of Directors have approved the acquisition of NQXT by APSEZ, transaction will be concluded post pending regulatory approval. | 4. Cement includes 67.53% (67.57% on Voting Rights basis) stake in Ambuja Cements Ltd. as on 30[th] Jun’25 which in turn owns 50.05% in ACC Limited. Adani directly owns 6.64% stake in ACC Limited.| 5. Data center, JV with EdgeConnex | 6. AWL Agri Business Ltd. : AEL to exit Wilmar JV, diluted 13.50% through Offer For Sale (Jan’25), 10.42% stake has been diluted through Block Deal during Jul’25, agreement signed for residual 20% stake dilution. | 7. 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 | IPP: Independent Power Producer | NDTV: New Delhi Television Ltd | PVC: Polyvinyl Chloride | GCC: Global Capability Centre l Promoter’s holdings are as on 30[th] June, 2025.

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All figures in INR cr
Predictable, high and rising free cash flow National footprint with deep coverage
Tax paid
EBITDA
Finance cost paid
89,806
CAT (FFO)
66,527
(74%)
EBITDA
24,870
AEL
APSEZ
12,784
Adani’s Core Infra.
(51%)
AGEL
18,711 Platform –
(21%) ATGL
10,418
AESL
(42%)
350 Mn
4,568
1,668 APL
Userbase
FY19 FY20 FY21 FY22 FY23 FY24 FY25 Ambuja Cement
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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 | FFO: Fund Flow from Operations l FFO : EBITDA – Actual Finance cost paid (excl. Capitalized Interest, incl. Int. on Lease Liabilities)– Tax Paid l AEL: Adani Enterprises Limited l APSEZ: Adani Ports and Special Economic Zone Limited l AGEL: Adani Green Energy Limited | ATGL: Adani Total Gas Limited l AESL: Adani Energy Solutions Limited l APL: Adani Power Limited

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DEVELOPMENT[1]

OPERATIONS

CONSUMERS New C.E.O. Consumer I Employees I Other StakeholdersI Other Stakeholders Other Stakeholders

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2 New C.E.O.
Adani Infra (India) Limited | ITD Cementation India Ltd. | PSP Projects Ltd. Operations (AIMSL)
Consumer I Employees I Other StakeholdersI Other Stakeholders 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 • • planning engagement
Concessions & Sourcing & quality
• Viability analysis regulatory agreements • • Asset Management plan • Differentiated and many P&Ls
Project Management
Consultancy (PMC)
–
Adani’s Core Infra. Platform
350 Mn
Userbase
India’s Largest Longest Private HVDC World’s largest Cement Network
Commercial Port Line in Asia Renewable Cluster Operation Center
(at Mundra) (Mundra - Mohindergarh) (at Khavda) (CNOC)
Strategic value Mapping Investment Case Development Growth Capital – Platform 5% Long Term Debt
Infrastructure Financing 14% 23%
Framework 18% PSU Banks
March March Pvt. Banks
2%
Policy,
Duration Risk Matching 2016 55% 2025 USD Bonds
31%
Strategy & Risk Management – Rate & Currency NBFCs & FIs
25%
Risk Governance & Assurance 26% DII
Framework Diversified Source of Capital Global Int. Banks
Continued
•
• Power Utility Business - ENOC
Focus & Human Capital Leadership Development Initiatives •
AI enabled Digital Transformation City Gas Distribution - SOUL
Investment Development • •
Investment in Human Capital
Transportation Business - AOCC
ACTIVITY
PERFORMANCE
CAPITAL
MANAGEMENT
ENABLER
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Note : 1. ITD Cementation India Ltd.: Completed acquisition of 67.47% shares (20.83% from public through open offer and 46.64% from erstwhile promoters). PSP Projects Ltd.: AIIL has acquired 11.32% shares from public through open offer. In process of complying with conditions for acquisition of shares from existing promoters. Once the transaction is completed, AIIL and existing promoters shall hold equal shareholding. | 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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1010

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Housing and Infrastructure projects to boost Cement demand

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Rising demand for housing across cities and villages to aid cement demand

• Govt. sanctioned 3.78 cr Rural and 1.17 cr Urban houses

• − Allocation for PMAY-U up by 45% in Union Budget 2025-26

• − Rs 15,000 cr allocated for ‘SWAMIH[1] 2.0’ to help completion of stalled housing projects

Housing

• Above normal monsoon to uplift rural housing demand

Core infrastructure to remain as the key driver for cement demand − Infrastructure sector, particularly roads, railways, irrigation and urban infrastructure are the key demand driver − Focus on increased investments on infrastructure across States for cement Rs 1.5 lakh cr amplifies opportunities growth; Infrastructure capex proposed for 50-year interest free loan to States − The Budget’s focus on a 3-year pipeline of infrastructure projects Infrastructure under the public-private partnership model will incentivize private sector investment and catalyze cement consumption Commercial sector poised to drive significant cement demand − The industrial and commercial segment is expected to see a steady growth this fiscal, driven by traction from commercial real estate and warehousing. − Growth in AI and demand for data centers to aid cement growth Commercial

Cement Demand Segments (% share as of FY2025)

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11% - 15%
10% - 14%
29%-31%
32%-34%
13%-15%
22%-24%
Industrial & Commercial Rural Housing
Infrastructure Urban Housing
Se ment FY’26 Growth
g
Housin 6.0% to 7.0%
g
Infrastructure 7.5% to 8.5%
Industrial/Commercial 5.5% to 6.5%
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1 – Special Window for Affordable and Mid-income housing

Source: CRISIL

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Cement Demand – Expected to expand by 7% to 8% in FY2026

Indian Economy

• Domestic demand to remain robust

• FY2026 GDP growth estimated to grow by ~6.5%

• CPI Inflation for FY2026 revised down to 3.7% from earlier projection of 4%

• RBI to allow more balanced approach to inflation management

Cement Industry

• Major contributor to India’s GDP and employment through its large backward and forward linkages

• 2nd largest producer of cement (550 Mn MT) – 9% share of Global capacity (~6,875 Mn MT)

• India’s low per Capita Cement consumption at 290 kg (world avg. of 540 kg), translates into significant opportunity for growth

• Digitalisation, ESG & cost optimization will differentiate industry leaders

Cement Demand

• Cement sector to witness strong growth trajectory, boosted by robust economic factors, substantial infrastructure development and favorable demand-supply dynamics

• – ~10% increase in budgetary allocation for core infrastructure to spur growth

• Demand expected to increase by 7% to 8% during FY 2026

Consolidation

– Cement sector experiencing wave of M&A activities

– M&A is reshaping the industry landscape, with major players seeking for increased footprints and operational efficiency

– ~200 MnT capacity exchanged hands during last 10 year

• Acquisition and successful integration of Orient Cement in the first quarter itself

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C.O.S.T. - Capex I Operational Efficiency I Sustainability I Technology

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Technology/Digitisation Capex
•
Leveraging AI, IoT, Video Analytics and Optimisation Healthy asset base coupled with accelerated
Capabilities to facilitate swift decision-making and capex program for efficiency improvement
•
improved customer service 04 01 Leveraging Group’s expertise in projects execution
OT Security Monitoring solution for real-time and cost negotiation benefits
•
monitoring, strengthening cybersecurity Target greenfield capex of $75 to $80 per Metric
ton
Leverage shared services vertical (GCC) of the
group, along with digital infra (IT)
Intelligent
PHYGITAL
Operational Efficiency
Infrastructure
•
Using Adani Green’s expertise for renewable Using Adani Enterprise / Adani Natural Resources’
energy to reduce carbon footprint expertise in procuring coal and mining operations
•
Adopting zero-carbon heating technology to Leveraging Adani Power’s expertise to improve
decarbonise cement manufacturing process CPP’s operations and Adani Green for renewable
Future-ready technologies like green hydrogen, energy to optimise power cost
•
carbon capture and utilization 03 02 Long term tie-ups for fly ash from Adani Power
EV trucking to help reduce supply chain emissions plants
•
Multi modal logistics parks, marine logistics
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Technology/Digitisation

• Leveraging AI, IoT, Video Analytics and Optimisation Capabilities to facilitate swift decision-making and improved customer service

• OT Security Monitoring solution for real-time monitoring, strengthening cybersecurity

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

Sustainability/ESG

• Using Adani Green’s expertise for renewable energy to reduce carbon footprint

• Adopting zero-carbon heating technology to decarbonise cement manufacturing process

• Future-ready technologies like green hydrogen, carbon capture and utilization

• EV trucking to help reduce supply chain emissions

Enhancing operational efficiency and driving sustainable growth by leveraging group synergies

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2

Presence in 31 states & union territories and 640+ districts (~80%)

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Gagal
Darla / Suli
Nala arh
Ropar g
A sian Nalagarh
Rajpura
Bhatinda Roorkee
Dadri
Kymore
Ametha
Tikaria
Chaibasa
Lakheri
F arakka
Sanghi Sindri
Navalakhi
S ankrail
Ambujanagar Damodhar
Dahej
Bargarh
Muldwarka Surat Kolkata
Bhatapara
Panvel
Ja lgaon
Integrated Plants
BCCI Gopalpur
Devapur Jamul
Grinding Units
Chanda M aratha cement works Bulk Terminal
Patas
Ganeshpahad
Blending unit
Chittapur
Tandur
Wadi
Vizag Ambuja
ACC
Kudithini Krishnapatnam
Sanghi
Thondebhavi
Boyareddypalli
Mangalore Dahej
Talaricheruvu
Penna
Madukkarai
Cochin Orient
Karaikal
T uticorin
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For the Quarter Ended June 30, 2025

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1
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104.5 MTPA 65.8% Cement Capacity Clinker factor 24 22 Integrated Units Grinding Units 80% 114 Share of Blended Cement Ready-Mix Concrete plants 10 11 Bulk Cement Terminals Captive Ships 3 6.4% 1,15,000+ Thermal Substitution Rate Channel partners across India

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1. Including Farakka, Sankrail, Sindri brownfield expansions and debottlenecking 2 National presence (% coverage of total districts in India) as on 31.03.2025 3. Due to maintenance shutdown of plants

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

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Strength
Pioneered brand building & technical services
Market leaders with Virat Compressive Strength
High
Patronage
IHB Contractors
Professionals Dealers
Institutional Clients
(e.g. CREDAI members)
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Higher contribution
1
from Trade segment
Trade Cement Share
Ambuja + ACC
74%
Share of Premium
Products
33%
of Trade Volume
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Heritage India‘s 1st Cement Company, Inter-generational legacy pioneered product development Adani Cement Geographical Spread 2 (Capacity Share)

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Northern Zone : 19%
Central Zone : 8%
Western Zone : 23%
Southern Zone : 27%
Eastern Zone : 23%
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1. Q1 FY’26 2. Including Farakka, Sankrail, Sindri brownfield expansions and debottlenecking

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	Financial results (for the Quarter)	Financial results (for the Quarter)
	Particulars	UoM	Ambuja Consolidated			Ambuja Standalone
			Jun’25	Mar’25	Jun’24	Jun’25	Mar’25	Jun’24
	Volume1	MnT	18.4	18.2	15.3	10.5	11.1	9.0
	Revenue from Operations1	₹Cr	10,289	9,981	8,392	5,515	5,725	4,552
	EBITDA (Excl. Other Income)	₹Cr	1,961	1,868	1,280	872	1,038	646
	EBITDA (%)	%	19.1%	18.7%	15.3%	15.8%	18.1%	14.2%
	EBITDA (PMT)	₹/Ton	1,069	1,028	835	827	938	714
	Other Income	₹Cr	256	573	355	454	442	420
	PBT	₹Cr	1,333	1,780	1,094	1,066	1,197	763
	PAT	₹Cr	970	1,282	783	855	929	567
	EPS (diluted)	₹	3.20	3.88	2.62	3.47	3.77	2.33
	1 Net of MSA sales for Ambuja consolidated

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

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SALES VOLUME – Cement
(MnT)
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NSP
₹
( /bag Cement)
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20% 4%
18.2
18.4
261
254
252
15.3
Jun-24 Mar-25 Jun-25 Jun-25 Mar-25 Jun-25
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These various initiatives taken on ground level, that have led to higher volume growth and improved realization. A few of them are, −Higher Premium products share

−Focused branding and promotion activities

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EBITDA
₹
( Cr & Margin)
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EBITDA
₹
( /ton)
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28%

53%

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1,961
1,868
1,280
18% 15% 19%
Jun-25 Mar-25 Jun-25
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1,069
1,028
835
Jun-25 Mar-25 Jun-25
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Strong focus on volume expansion, premiumization, and pricing power coupled with cost reduction and operational excellency journeys and synergies between cement businesses and Group will help in improve profitability in coming quarters

−Active engagement of Technical support team with influencers −Offering of value-added solution beyond Cement −Improved Physical infrastructure

Continuous focus on maximization of Premium & solutions focussed product share will lead to improvement of realization & higher profitability

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

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12% 3%
783
1,415
1,367
715
1,263
692
Jun-24 Mar-25 Jun-25 Jun-24 Mar-25 Jun-25
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Costs have been reducing consistently with strong actions on

Costs are reducing constantly quarter on quarter with the cost optimization journey and these will be reducing further with the various Opex & Capex based initiatives

• −Maximisation of green power share −Improving Captive coal share

• −Fuel flexibility so that low cost fuel consumption can be maximized

• −Supply chain management

• −Opportunistic purchase −Increase AFR consumption.

• −This has resulted in

• −Reduced Kiln fuel cost (Rs 1.74 to 1.59/000 kCal)

• −Reduced CPP fuel cost (Rs 1.58 to 1.50/000 kCal)

• −Green power share up by 9.6 pp (from 18.5% to 28.1%)

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OTHER EXPENSES
₹
( /ton)
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FREIGHT & FORWARDING
₹
( /ton)
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3% 2%

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699
1,344
689
1,305
1,272 1
678
Jun-24 Mar-25 Jun-25
Jun-24 Mar-25 Jun-25
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Freight and Forwarding costs are on downward trends and logistics excellency journey is going to bring down these costs further, driven by various initiatives undertaken, to name a few of these initiatives,

Costs have been reducing constantly, (Excluding incremental branding spend, these costs have gone down by 9%). With new business model and integration of new acquired assets going successfully, costs will come down further. Initiatives taken,

• −Modal shift of transport mode, Increasing share of waterway mode (to reach ~10% by FY’28)

−Global Capability Center rolled out −Strong focus on Digitization and Automation

−Automation and Digitization

−Wheeler alignment to optimize trucking size & optimize freight costs

−Unified & Simple business process −System based on cost control mechanism

−Improve Direct dispatches −Negotiations of freight & handling rate

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1 LFL: Excluding new assets and one-time gain in PY

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Capex updates

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Roadmap to 140 MTPA - 104.5 at present, 118 by Mar’26 and 140 MTPA by FY’28

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|||||||
|---|---|---|---|---|---|
|Capacity (MTPA)|
|Expansion|
|State|Status Update|
|Project|
|Clinker|Cement|
|•|
|Drives trial run are in progress and commissioning by|
|-|
|Bhatapara Line 3 (CU)|Jharkhand|4.0|
|Q2’ FY’26|
|•|
|-|Salaibanwa Project under advanced stage of|
|Salai Banwa (GU)|Uttar Pradesh|2.4|
|construction|
|-|
|Bathinda|Punjab|1.2|
|•|
|-|Civil & Mechanical work is in progress, Delivery of|
|Marwar (GU)|Rajasthan|2.4|
|major equipments’ commenced,|
|-|
|Maratha Line 2 (CU)|Maharashtra|4.0|
|-|
|Dahej Line-2 (GU)|Gujarat|1.2|
|•|
|Civil work is in progress, delivery of major|
|-|
|Kalamboli (Blending)|Maharashtra|1.0|
|equipments has commenced|
|Jodhpur (Penna IU)|Rajasthan|3.0|2.0|•|Major equipments received at site, Civil work|
|completed for Main plant buildings. Equipments|
|-|
|Krishnapatnam Penna (GU)|Andhra Pradesh|2.0|installation is in progress.|
|•|
|Civil work is in progress,, delivery of major|
|-|
|Warisaliganj (GU)|Bihar|2.4|
|equipments commenced.|
|Total|11.0|14.6|

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|||
|---|---|
|Capacity Details|(Mn T)|
|Existing Capacity|104.5|
|Projects under execution|14.6|
|Additional Projects at various stages|21|
|Total Capacity|140|
|21|

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Stakeholder value creation

Environmental

• −Committed to SBTi and GCCA for being Net Zero by 2050; ahead of country’s targets to be Net-Zero by 2070

• −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

• 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
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• 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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ESG Framework I 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.

ESG Guiding Framework Our ESG Ambition

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Policies
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Assurance
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Guiding principle
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Commitment
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ESG Rating Agencies

• Net Zero

• • Waste to Resource

• • Water Positive

• • Biodiversity Positive

• • Zero Harm

• • Engaged Communities

• • Zero Non-Compliance

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Impressive ESG credentials and resilient credit ratings
Rating Agencies Ambuja ACC
DJSI (CSA) 60 64
CDP – CC B B
CDP – WS B B
CDP – SEA A- A-
28.3 22.2
Sustainalytics
(29/123) Medium Risk (8/123) Medium Risk
–
MSCI BB
CRISIL
56 (Adequate) 57 (Adequate)
Ambuja is globally among the four large-scale cement companies globally with net-zero targets validated by SBTi, following
Cemex, Heidelberg & Holcim
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	ESG Dashboard
	Material topic		Ambuja		ACC		UN SDGs
	Climate & Energy (Gross specific CO2 emissions - Kg/T)		2030 TARGETS STATUS Q1 FY 26 442 * 540		2030 TARGETS STATUS Q1 FY 26 421 * 483
	Climate & Energy (Green Power)		60% 34.4%		60% 26.2%
	Circular Economy (Use of waste derived resources in MnT)		21 2.39		30 3.06
	Water & Nature (Water Positive)		10x 9.67x		5x 0.26x
	Water & Nature (Trees Planted - Million)		2.4 1.5 till FY25		5.9 5.1 till FY25
	People & Community (beneficiaries – million)		5 3.6 till FY25		3.5 2.1 till FY25

• As per SBTi validated target

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

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Corporate Social Responsibility

Water Resource Management

• 137 RRWHS constructed

• 1511 Awareness camps on water resource management

• 279 hectares covered under Micro irrigation

• • Identified and finalized location for developing an oxygen park to enhance village biodiversity and greenery in Bathinda

• *SHGs – Self-Help Groups

• Agro-Based Livelihoods and Women

• • 7813 trainings on agricultural activities and 64 trainings on agri allied activities.

• • 18857 tonnes Biomass supplied to Ambuja Cement

• 29 newly SHGs formed

2 Day awareness for farmers aligning with the Government's Viksit Krishi Sankalp Abhiyan , in to was organized in Rabriyawas and Ambujanagar infiltrate all the newest & updated agricultural technology to field level i.e from Lab to Land.

• Training cum Exposure program organized for self-help group members of Chandipur and Laxmipur, Farakka

Quality Healthcare

• 34703 truckers and allied population reached through health activities

• 3764 beneficiaries screened under NCD program

• 225 Awareness sessions on WASH in schools

• Nutrition Awareness Sessions organized in Gautam Buddh Nagar, Dadri

Blood Donation Camps organized in Ambuja Campus

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*RRWHS – Rooftop Rainwater Harvesting Systems

*SEDI – Skill & Entrepreneurship Development Institute NCD – Non Communicable Diseases WASH – Water, Sanitation & Hygiene

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Corporate Social Responsibility

Skill & Entrepreneurship and Education

• 259 Youth trained under SEDI

• Summer camp organized with Pratham Education with over 300 students participated in Chandrapur

• 11 students from Ambujanagar participated in Karate Competition and won 4 medals in 1st, 2 medals in 2nd and 1 medal in 3rd place

• SEDI Jaitaran celebrated Tagore Jayanti with active participation from all trades.

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Events
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• Action Research Study Report Launch on NCDs of core villages of Bathinda, Punjab

• Yoga Day was celebrated across locations

• World Environment Day celebrated across locations

• World No Tobacco Day celebrated across locations

• Significant days like Menstrual Hygiene day, Hypertension day was also celebrated in the community.

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Board & Committee Structure

Statutory Committees Independent Directors Chaired by Independent Directors Audit 100% Yes Nomination and Remunerations 100% Yes Stakeholder Relationship 50% Yes Corporate Social Responsibility 75% Yes Risk Management 75% Yes Non-Statutory Committees IT and Data Security 75% Yes Corporate Responsibility 100% Yes Mergers and Acquisition 50% Yes Legal, Regulatoryand Tax 75% Yes Reputation Risk 50% Yes Public Consumer 100% Yes

40% Comprised of only Independent Directors 100% of Statutory Committees chaired by Independent Directors 7 Additional Business Specific Committees 29% Fully comprised of Independent Directors 100% Chaired by Independent

CommodityPrice Risk 50% Yes

Directors

Pathway to strengthen Corporate Governance

• Tenure of IDs: up to 3 years, maximum 2 terms

• Gender Diversity: minimum 30% female directors

• Management Ownership: CEO and member of executive committees to have share ownership

• Related Party Transactions: Independent 3[rd] party review and certification

• Training and Education: minimum 4 sessions in a year for education of IDs

Achieved 'Good’ Category by Institutional Investor Advisory Services (IIAS) in the Indian Corporate Governance Scorecard (2024)

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Management Presentations + Extensive Q&A Session + Physical Plant Visit: Marwar Mundwa Integrated Plant

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Research Firms Research Analysts
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• Showcased Ambuja's manufacturing capabilities, state-of-the-art research and development initiatives and cutting-edge technology

• Firsthand view of Ambuja’s operational excellence, innovation-driven processes, and commitment to industry-leading standards

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ManCom Members CEO’s Message
Portfolio Demonstration Mines
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CFO’s Message
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CCR
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Management Interaction
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Packing Plant
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India's Most Trusted Cement Brand 2025 ’ by TRA Research in its Brand Trust Report 2025; consecutively for 4th year in a row.

‘GEEF Global Excellence

Recognised Emerging

with the Environmental

Company of the Year 2025 ’ Award in the cement industry category.

GiantsTogether campaign won Bronze in the B2B Film category at the Good Ads Matter Awards 2025

Maratha Line-II & Sindri GU received Gold Award in Best HSE Project category by ISDA INFRACON National Awards – IINA 2025

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|||||||
|---|---|---|---|---|---|
|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|
|ICC|Indian Chamber of Commerce|NCD|Non-Communicable Diseases|

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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.

For further info, please contact:

CA 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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