Ambuja Cements Ltd. — Investor Presentation 2025

Jan 29, 2025

==> picture [57 x 25] intentionally omitted <==

==> picture [66 x 45] intentionally omitted <==

29[th] January 2025

To

National Stock Exchange of India BSE Limited Luxembourg Stock Limited Exchange Scrip Code: AMBUJACEM 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 20[th] January 2025 regarding Analyst/Institutional call scheduled on 29[th] January 2025, we are enclosing herewith Presentation titled ‘Operational & Financial Highlights’ of the Company for the quarter ended on 31[st] December 2024.

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

Kindly take the above on your records.

Thanking you,

Yours faithfully,

For Ambuja Cements Limited

Manish Digitally signed by Manish Vinodchandra Mistry Vinodchandra Mistry Date: 2025.01.29 13:16:43 +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 ADANI CEMENT PERFORMANCE ESG ACCOLADES & PROFILE OVERVIEW HIGHLIGHTS UPDATE AWARDS

ABBREVIATIONS

==> picture [772 x 10] intentionally omitted <==

==> picture [61 x 27] intentionally omitted <==

==> picture [79 x 65] intentionally omitted <==

==> picture [68 x 24] intentionally omitted <==

1

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

ABBREVIATIONS

Performance at a glance Q3 FY’25 Ambuja Cement consolidated

Highest ever Quarterly Cement Sales Volume

==> picture [914 x 354] intentionally omitted <==

----- Start of picture text -----

VOLUME REVENUE EBITDA PAT
(in MnT CLC) (in R Cr) (Excluding other income, (in R Cr)
in R Cr)
16.5 9,329 1,712 2,620
14.1 8,129 1,732 1,091
MnT 2.4 R 1,200 R (20) R 1,529
(-1%) (+140%)
(+17%) (+15%)
2 2
Q3 FY25 Q3 FY25 Q3FY25 Q3 FY25
Q3 FY24 Q3 FY24 Q3FY24 Q3 FY24
----- End of picture text -----

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

ABBREVIATIONS

Performance at a glance 9M FY’25

Ambuja Cement consolidated

Highest ever 9M Cement Sales Volumes

==> picture [646 x 249] intentionally omitted <==

----- Start of picture text -----

VOLUME REVENUE EBITDA
(in MnT CLC) (in R Cr) (Excluding other income,
in R Cr)
46.6 25,156 4,103
42.6 24,266 4,701
MnT 4.0 R 890 R (598)
(-13%)
(+9%) (+4%)
9M FY25 9M FY25 9M FY25
9M FY24 9M FY24 9M FY24
----- End of picture text -----

==> picture [254 x 354] intentionally omitted <==

----- Start of picture text -----

PAT
(in R Cr)
3,876
3,213
R 663
(+21%)
3 3
9M FY25
9M FY24
----- End of picture text -----

AMBUJA CEMENT OVERVIEW

ADANI GROUP PROFILE

PERFORMANCE HIGHLIGHTS

ESG

ACCOLADES & AWARDS

ABBREVIATIONS

UPDATE

==> picture [58 x 5] intentionally omitted <==

Builders of Progress in India

==> picture [45 x 40] intentionally omitted <==

==> picture [41 x 41] intentionally omitted <==

==> picture [46 x 46] intentionally omitted <==

==> picture [59 x 40] intentionally omitted <==

Development

Well poised for Growth

97 MTPA capacity (22 MTPA added in last 24 months). * With the projects under advanced stage of completion, the capacity will go up to 104 MTPA by current fiscal year end, 118 MTPA by FY’26 and well on track to achieve targeted capacity of 140 MTPA by FY 28

• 21 MTPA under execution

• 21 MTPA at various stages (Details in slide no. 26)

Cost Leadership

17% 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 15% by FY’28

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

• Sales & Marketing Excellence

• Highest % of trade sales (@71%) in Q3FY’25 within peers, catering to profitable IHB segment

• • Premium cement @26% of Trade sales in Q3FY’25, amongst highest in the industry

• • Digitization to help grow granular markets

Value Creation

Stakeholders

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

Cash & Cash equivalent to be used for strategic opportunities

Societal

• 4.7 Million people benefit under community development projects till FY’24

Environmental

• Ahead of Sustainable Development (SD) 2030 Plan

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

• Water positivity (11.2x) in Q3 FY’25 and circular economy (8x plastic negative) achieved in FY’24

Market Leadership

Iconic brands with outstanding Brand Equity

Capacity enhancement by 33% (22 MTPA) since acquisition of Ambuja in Sept’22

==> picture [61 x 27] intentionally omitted <==

==> picture [68 x 24] intentionally omitted <==

44

*** includes 8.5 MTPA capacity of Orient Cement**

Contents

==> picture [59 x 40] intentionally omitted <==

==> picture [862 x 369] intentionally omitted <==

----- Start of picture text -----

Adani Group Performance Accolades and
Profile Highlights Awards
6 16 40
1 2 3 4 5 6
Ambuja Cement
ESG Updates Abbreviation
Overview
10 30 42
----- End of picture text -----

==> picture [78 x 54] intentionally omitted <==

==> picture [60 x 25] intentionally omitted <==

==> picture [72 x 25] intentionally omitted <==

5

ADANI GROUP ADANI CEMENT PERFORMANCE ESG PROFILE OVERVIEW HIGHLIGHTS UPDATE

ACCOLADES & ABBREVIATIONS AWARDS

==> picture [59 x 40] intentionally omitted <==

==> picture [960 x 11] intentionally omitted <==

6

ADANI GROUP AMBUJA CEMENT PROFILE OVERVIEW

==> picture [53 x 5] intentionally omitted <==

PERFORMANCE HIGHLIGHTS

ESG ACCOLADES & ABBREVIATIONS UPDATE AWARDS

Adani: A World Class Infrastructure & Utility Portfolio

==> picture [79 x 27] intentionally omitted <==

==> picture [59 x 40] intentionally omitted <==

==> picture [909 x 314] intentionally omitted <==

----- Start of picture text -----

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%) (43.94%)
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
----- End of picture text -----

(%): Adani Family equity stake in Adani Portfolio companies (%): AEL equity stake in its subsidiaries

==> picture [79 x 16] intentionally omitted <==

----- Start of picture text -----

Listed cos
----- End of picture text -----

Direct Consumer

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

1. NQXT: North Queensland Export Terminal | 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 as on 31[st] December,2024 which in turn owns 50.05% in ACC Limited. Adani directly owns 6.64% stake in ACC Limited. Ambuja Cements Ltd. holds 58.08% stake in Sanghi Industries Ltd.| 5. Includes the manufacturing of Defense and Aerospace Equipment | 6. AEL to exit Adani Wilmar JV, diluted 13.50% through Offer For Sale (13[th] Jan’24), 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] December, 2024.

==> picture [61 x 27] intentionally omitted <==

==> picture [68 x 24] intentionally omitted <==

7

ADANI GROUP AMBUJA CEMENT PROFILE OVERVIEW

PERFORMANCE ESG HIGHLIGHTS UPDATE

ACCOLADES & ABBREVIATIONS AWARDS

==> picture [59 x 40] intentionally omitted <==

==> picture [53 x 5] intentionally omitted <==

Adani Portfolio: Decades long track record of industry best growth with national footprint

Secular growth with world leading efficiency

National footprint with deep coverage

==> picture [133 x 132] intentionally omitted <==

----- Start of picture text -----

Growth
3x [6]
EBITDA 71% [1,2,3]
----- End of picture text -----

==> picture [133 x 133] intentionally omitted <==

----- Start of picture text -----

Growth
3x [6]
EBITDA 91% [1,2,3,5]
----- End of picture text -----

==> picture [133 x 132] intentionally omitted <==

----- Start of picture text -----

Growth 4x [6]
EBITDA 92% [1,3,4]
----- End of picture text -----

==> picture [133 x 133] intentionally omitted <==

----- Start of picture text -----

Growth 1.4x [6]
EBITDA 24% [1,3]
----- End of picture text -----

==> picture [65 x 88] intentionally omitted <==

----- Start of picture text -----

AEL
APSEZ
AGEL
ATGL
AESL
APL
Adani Cement
----- End of picture text -----

==> picture [122 x 119] intentionally omitted <==

----- Start of picture text -----

Adani’s Core Infra.
Platform –
350 Mn
Userbase
----- End of picture text -----

Note: 1. Data for FY24 ; 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 408 MMT (14%) between 2014 and 2024, outpacing the industry's growth from 972 MMT to 1539 MMT (5%). AGEL 's operational capacity expanded from 0.3 GW to 10.9 GW (57%) between 2016 and 2024, surpassing the industry's growth from 46 GW to 143.6 GW (15%). AESL's transmission length increased from 6,950 ckm to 20,509 ckm (14%) between 2016 and 2024, surpassing the industry's growth from 3,41,551 ckm to 4,85,544 ckm (4%). ATGL expanded its geographical areas from 6 to 52 (27%) between 2015 and 2024, outperforming the industry's growth from 62 to 307 (19%). PBT: Profit before tax l ATGL: Adani Total Gas Limited l AEL: Adani Enterprises Limited l APSEZ: Adani Ports and Special Economic Zone Limited l AESL: Adani Energy Solutions Limited l APL: Adani Power Limited l AGEL: Adani Green Energy Limited l Growth represents the comparison with respective industry segment. Industry source: APSEZ (domestic cargo volume): https://shipmin.gov.in/division/transport-research l Renewable (operational capacity): Installed Capacity Report - Central Electricity Authority (cea.nic.in) l AESL (ckms): National Power Portal (npp.gov.in) l ATGL (GAs): Brochure petroleum.cdr (pngrb.gov.in) | ckms: circuit kilometers | GA: Geographical Areas

==> picture [61 x 27] intentionally omitted <==

==> picture [68 x 24] intentionally omitted <==

8

ADANI GROUP AMBUJA CEMENT PERFORMANCE PROFILE OVERVIEW HIGHLIGHTS

ESG ACCOLADES & UPDATE AWARDS

ABBREVIATIONS

==> picture [53 x 5] intentionally omitted <==

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

==> picture [59 x 40] intentionally omitted <==

DEVELOPMENT

Adani Infra (India) Limited (AIIL)

OPERATIONS

==> picture [5 x 6] intentionally omitted <==

----- Start of picture text -----

1
----- End of picture text -----

Operations (AIMSL)

CONSUMERS

New C.E.O.

Consumer I Employees I Other Stakeholders

Origination

Site Development

Construction

Operation

Inspired Purpose & Value Creation

• Analysis & market • Site acquisition intelligence • Concessions &

• • Viability analysis regulatory agreements India’s Largest Longest Private HVDC Commercial Port Line in Asia

• Life cycle O&M planning

• Engineering & design

• Delivering exceptional products & services for elevated engagement

• Sourcing & quality

• Asset Management plan

• Differentiated and many P&Ls

==> picture [137 x 80] intentionally omitted <==

==> picture [155 x 80] intentionally omitted <==

==> picture [145 x 58] intentionally omitted <==

----- Start of picture text -----

Adani’s Core Infra. Platform –
350 Mn
Userbase
----- End of picture text -----

India’s Largest Longest Private HVDC World’s largest Commercial Port Line in Asia Renewable Cluster (at Mundra) (Mundra - Mohindergarh) (at Khavda) Strategic value Investment Case Growth Capital – Platform Mapping Development Infrastructure Financing Framework Policy, Duration Risk Matching Strategy & Risk Management – Rate & Currency Risk Governance & Assurance Framework Diversified Source of Capital Continued Focus & Human Capital • Leadership Development Initiatives Development • Investment Investment in Human Capital

==> picture [416 x 187] intentionally omitted <==

----- Start of picture text -----

Energy Network
Operation Center
(ENOC)
Long Term Debt
6%
14% 13%
31% PSU Banks
Pvt. Banks
March March
Bonds
31% 2016 55% 2024 19% NBFCs & FIs
2%
DII
1% Global Int. Banks
28%
Capex LC
• Power Utility Business - ENOC
AI enabled Digital Transformation • City Gas Distribution - SOUL
• Transportation Business - AOCC
----- End of picture text -----

==> picture [61 x 27] intentionally omitted <==

==> picture [68 x 24] intentionally omitted <==

Note 1 Adani Environmental Resource Management Services Ltd. (additional company is being proposed)

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

9

ADANI GROUP PROFILE

ADANI CEMENT PERFORMANCE OVERVIEW HIGHLIGHTS

ESG UPDATE

ACCOLADES &

AWARDS

ABBREVIATIONS

==> picture [59 x 40] intentionally omitted <==

==> picture [960 x 11] intentionally omitted <==

10

ADANI GROUP AMBUJA CEMENT PERFORMANCE PROFILE OVERVIEW HIGHLIGHTS

ESG UPDATE

ACCOLADES & ABBREVIATIONS AWARDS

==> picture [58 x 5] intentionally omitted <==

Advantage - Group Synergy

==> picture [59 x 40] intentionally omitted <==

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

Logistics

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

==> picture [107 x 63] intentionally omitted <==

Project Execution

Leveraging Group’s

expertise in projects execution & cost negotiation benefits

SportsLine

Branding and Marketing

Power & Renewables

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

GCC services / Digital Infra

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

==> picture [60 x 25] intentionally omitted <==

==> picture [72 x 25] intentionally omitted <==

11

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

==> picture [58 x 5] intentionally omitted <==

Pick up in Infrastructure and Housing spend to drive Cement Demand

==> picture [59 x 40] intentionally omitted <==

Housing continue to remain as healthy recipient of total Capex spend

• Govt. of India’s promotional scheme for rural housing to push demand

Cement Demand Segments (% share)

• Sustained healthy demand for urban housing to further aid growth

• Sanction of additional houses under the Pradhan Mantri Awas yojana has seen improved demand in Q3 and expected to improve further in Q4

• Housing of FY’25

Rapid Infrastructure is the key driver of Indian economy

• Government capex on Infrastructure, which accounts for 25-30% of cement demand likely to accelerate in H2 FY2025 (remained sluggish in H1 FY2025 due to general elections effects on capex trajectory and extreme weather conditions)

• − Total allocation to six core cement-related infrastructure sectors[1] in the Union Budget has increased 6% for FY 2025

• Infrastructure −

• New Economic Corridors across the country to boost cement demand

Demand for Commercial Sector Surged

• GOI’s Make in India & PLI schemes attracting sizeable investments ~ $ 12.8 Bn in a year

• − Development of plug-and-play industrial parks in over 100 cities to support demand

• − Commercial RE to see exponential growth - Office market sees double powered growth (leasing space is expected to

• Commercial grow by 8% to 10%); Global Capability Centers to drive demand

• • Exponential growth seen in Indian data center industry propelled by advancement in AI and nationwide rollout of 5G technology; projected to reach 66% growth in capacity by 2026

10%-14%	11%-15%	Commercial
24%-25%	25%-27%	Infrastructure
62%-65% FY’24	60%-62% FY’28	Housing

==> picture [72 x 25] intentionally omitted <==

==> picture [60 x 25] intentionally omitted <==

12

PLI – Performance-linked incentive

1 - Roads, railways, rural development, urban development, ports and airports

ADANI GROUP AMBUJA CEMENT PROFILE OVERVIEW

PERFORMANCE HIGHLIGHTS

ESG UPDATE

ACCOLADES & ABBREVIATIONS AWARDS

==> picture [58 x 5] intentionally omitted <==

Cement Demand - Strong Correlation with GDP; High growth expected

==> picture [59 x 40] intentionally omitted <==

Indian Economy

• India continues to lead as fastest growing economy; GDP to grow by 6-7% over next 5 years

• CPI Inflation is showing a downward trend to ~ 4.8% in FY’25 vs 5.4% in FY’24, positive sign for higher disposable income

==> picture [211 x 108] intentionally omitted <==

----- Start of picture text -----

753
551 542
422
FY 2028f
----- End of picture text -----

==> picture [43 x 9] intentionally omitted <==

----- Start of picture text -----

FY 2024
----- End of picture text -----

Supply Demand growth @ CAGR of 7% Supply growth @ CAGR of 6-7% Demand

Cement Demand

• Cement sector’s performance subdued during H1 FY 2025 due to general election & slowdown in construction activity amid monsoon

• Housing and infrastructure projects to drive future cement demand

• Cement demand growth was 1.2% Q1 FY’25 and 0.7% Q2 FY’25, 7-8% Q3 FY’25 and expected to grow by 4% - 5% during FY’25

Cement Industry

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

• Accounts 23% of Building Material industry

• At 290 kg per Capita Cement consumption (world avg. of 520 kg), India is 1/2 of global average, 1/6[th] of China

• Adani Cement is amongst top 10 Cement players in the world and has visible plan to reach 140 MTPA by FY’28

Adani Cement Geographical Spread

(Capacity Share*)

Northern Zone : 25% Central Zone : 8% Western Zone : 25% Southern Zone : 23% Eastern Zone : 19%

Consolidation

Cement sector has witnessed increased M&A activities leading to market consolidation

• ~200 MnT capacity exchanged hands during last 10 year

• Adani’s acquisition of Penna Cement completed successfully in Q2 FY’25 & went well in terms of integration in short period

• Ambuja cements announced the signing of a binding agreement with Orient Cements for acquisition of 46.8% shares

==> picture [72 x 25] intentionally omitted <==

==> picture [60 x 25] intentionally omitted <==

13

• Capacity share as on 31[st] December 2024 excluding Orient Cement

AMBUJA CEMENT OVERVIEW

ADANI GROUP PROFILE

PERFORMANCE HIGHLIGHTS

ESG ACCOLADES & ABBREVIATIONS UPDATE AWARDS

==> picture [59 x 40] intentionally omitted <==

==> picture [58 x 5] intentionally omitted <==

Presence in 31 states & union $ territories and 635+ districts (~79%)

==> picture [869 x 445] intentionally omitted <==

----- Start of picture text -----

$
territories and 635+ districts (~79%)
Gagal
For the Quarter Ended December 31, 2024
Darla / Suli
Rajpura Ropar Nalagarh Asian Nalagarh
89 MTPA 64.1% Bhatinda Roorkee
Cement Capacity Clinker Factor Dadri
Kymore
Rabriyawas
Ametha
Marwar Mundwa Tikaria
22 21
Chaibasa
Integrated Units Grinding Units Lakheri
Farakka
Sanghi Sindri
Navalakhi Sankrail
82% 100 Ambujanagar Damodhar
Dahej
Share of Blended Cement Ready-Mix Concrete plants Muldwarka Surat Bargarh Kolkata
Panvel Bhatapara
Integrated Plants
BCCI Gopalpur
10 11 Jamul Grinding Units
Chanda Maratha cement works Bulk Terminal
Bulk Cement Terminals Captive Ships Patas Ganeshpahad Blending unit
Tandur
Wadi Ambuja
Vizag
ACC
8.1% 1,08,000+ Kudithin i Krishnapatnam Sanghi
Thermal Substitution Rate Channel partners across India Mangalore Thondebhavi Boyareddypalli Dahej
Talaricheruvu
Penna
* With acquisition of Orient cements (8.5 MTPA) capacity will go up to 97 MTPA, 104 Madukkarai
Cochin
MTPA by Mar’25, 118 MTPA by FY’26 and 140 MTPA by FY’28 Karaikal
Tuticorin
$ National presence (% coverage of total districts in India) as on 31.12.2024
----- End of picture text -----*

14

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

==> picture [58 x 5] intentionally omitted <==

==> picture [59 x 40] intentionally omitted <==

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

==> picture [73 x 88] intentionally omitted <==

Strength

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

==> picture [66 x 30] intentionally omitted <==

Heritage

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

High Patronage

Higher contribution from Trade segment

==> picture [365 x 219] intentionally omitted <==

----- Start of picture text -----

IHB Contractors
Professionals Dealers
Institutional
Clients
----- End of picture text -----

Trade Cement Share Ambuja + ACC 71% Share of Premium Products 26% of Trade Volume

==> picture [61 x 27] intentionally omitted <==

==> picture [68 x 24] intentionally omitted <==

15

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

==> picture [59 x 40] intentionally omitted <==

16

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

==> picture [59 x 4] intentionally omitted <==

==> picture [59 x 40] intentionally omitted <==

On track to achieve targeted Growth more efficiently

• With Sindri, Farakka & Sankrail grinding units in advance stage of completion, completion of Orient Cements transaction, operational capacities to reach 104 MTPA by Q4 FY’25, 118 MTPA by FY’26 and 140 MTPA target by FY‘28

• Net worth at an all time high of Rs. 62,535 Cr and Cash & Cash equivalent at Rs 8,755 Cr (14% of the Net worth)

• Added 631 Mn MT new limestone reserves in Q3 FY’25, total reserves reaching ~ 8,300 Mn MT. Besides this, high quality limestone reserves of Orient Cement adds to existing resources

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 high-temperature process heating

• Net Zero commitment with 2050 targets validated by SBT i

• Commissioned 200 Mw in Khavda site & Green power share expected to be 22% of power consumption by FY’25 & 60% by FY’28

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

• Fuel rate has reduced by 10% YoY from Rs 1.84 to Rs 1.66/000 kCal with maximization of Captive coal and Group synergy. AFR @8%, therefore substantial scope to reduce fuel cost further

• Logistics cost reduced by 5% @Rs 1,228 per Ton driven by efficiency improvement journey

• Overall lead reduced by 4Km (289 km to 285 km)

• Direct dispatch up by 7 pp @57%

• Road PTPK decreased by 2% ( Rs 4.21 to 4.12 PTPK)

This will further reduce through

• Higher Sea transport share with Penna acquisition

• Own BCFC rakes transport modes (resulting in cost reduction of Fly Ash)

==> picture [61 x 27] intentionally omitted <==

==> picture [68 x 24] intentionally omitted <==

17

SBTi : Science Based Target Initiatives

ADANI GROUP AMBUJA CEMENT PROFILE OVERVIEW

PERFORMANCE ESG ACCOLADES & ABBREVIATIONS HIGHLIGHTS UPDATE AWARDS

==> picture [59 x 4] intentionally omitted <==

==> picture [59 x 40] intentionally omitted <==

Financial results (for the Quarter)

Particulars	UoM	Ambuja Consolidated	Ambuja Consolidated	Ambuja Consolidated	Ambuja Standalone	Ambuja Standalone	Ambuja Standalone	ACC Standalone	ACC Standalone	ACC Standalone	Sanghi	Sanghi	Sanghi
		Dec 24	Sept 24	Dec 23	Dec 24	Sept 24	Dec 23	Dec 24	Sept 24	Dec 23	Dec 24	Sept 24	Dec 23
Volume	MnT	16.5*	14.2	14.1	10.1	8.7	8.2	10.7	9.3	8.9	0.6	0.4	0.4
Revenue from Operation	₹Cr	8,415*	7,268	8,052	4,850	4,058	4,422	5,176	4,516	4,859	259	151	189
Government Grants and Related tax credits	₹Cr	913	248	76	193	155	17	720	92	59	0	0	0
EBITDA (Excl. Other Income)	₹Cr	1,712	1,111	1,732	601	681	851	1,109	429	903	30	3	(23)
EBITDA (%)	%	18.4%	14.8%	21.3%	11.9%	16.2%	19.2%	18.8%	9.3%	18.4%	11.7%	2.0%	(12.0%)
EBITDA (PMT)	₹/Ton	1,038	780	1,225	595	784	1,043	1,032	461	1,015	485	87	(608)
Other Income	₹Cr	1,352 #	374	194	772	265	108	644	154	84	4	12	1
PBT	₹Cr	$ 2,336	713	1,450	1,084	673	680	1,475	318	719	(60)	(196)	(201)
PAT	₹Cr	2,620 $	473	1,091	1,758	501	514	1,089	234	527	(97)	(196)	(202)
EPS (diluted)	₹	8.59	1.85	3.87	7.14	2.03	2.41	57.84	12.42	28.02	(3.75)	(7.57)	(7.80)

• Net of MSA sales for Ambuja consolidated.

• Includes Rs 1,110 Cr for interest received and interest provision reversal for which no appeals are pending before authorities

==> picture [61 x 27] intentionally omitted <==

==> picture [68 x 24] intentionally omitted <==

18

$ Including Reversal of Income tax provision of earlier years Rs. 829 Cr against which favorable order has been received

PERFORMANCE HIGHLIGHTS

ADANI GROUP AMBUJA CEMENT PROFILE OVERVIEW

ESG ACCOLADES & ABBREVIATIONS UPDATE AWARDS

==> picture [59 x 4] intentionally omitted <==

==> picture [59 x 40] intentionally omitted <==

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

==> picture [203 x 36] intentionally omitted <==

----- Start of picture text -----

SALES VOLUME - CLC
(MnT)
----- End of picture text -----

==> picture [203 x 36] intentionally omitted <==

----- Start of picture text -----

NSP
(₹/Bag Cement)
----- End of picture text -----

==> picture [204 x 36] intentionally omitted <==

----- Start of picture text -----

EBITDA (Excl. RMX & Other Income)
(₹ Cr & Margin)
----- End of picture text -----

==> picture [203 x 36] intentionally omitted <==

----- Start of picture text -----

EBITDA (Incl. RMX)
(Excl. Other Income) (₹ /ton)
----- End of picture text -----

==> picture [421 x 168] intentionally omitted <==

----- Start of picture text -----

17% 10%
16.5
273
247 245
14.2
14.1
Dec-23 Sep-24 Dec-24 Dec-23 Sep-24 Dec-24
----- End of picture text -----

==> picture [405 x 167] intentionally omitted <==

----- Start of picture text -----

2% 15%
1,701
1,666
1,225
1,038
1,074 780
21.7% 14.9% 18.5%%
Dec-23 Sep-24 Dec-24 Dec-23 Sep-24 Dec-24
----- End of picture text -----

• −Active engagement of Technical support service team with the influencers have helped in expansion of ground network and increase of trade sales volumes contributing to higher volume growth

Cost leadership journey coupled with operational excellence & volume growth will be yielding higher profitability and improvement in margins

• −Offering of value-added solutions beyond cement and focused branding will push the premium products share of total sales volume and improve realizations in coming period

These initiatives will contribute to improve revenue and profitability

==> picture [61 x 27] intentionally omitted <==

==> picture [68 x 24] intentionally omitted <==

19

ADANI GROUP AMBUJA CEMENT PROFILE OVERVIEW

PERFORMANCE ESG HIGHLIGHTS UPDATE

==> picture [59 x 4] intentionally omitted <==

ACCOLADES & ABBREVIATIONS AWARDS

==> picture [59 x 40] intentionally omitted <==

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

==> picture [203 x 37] intentionally omitted <==

----- Start of picture text -----

RAW MATERIAL
(₹/ton)
----- End of picture text -----

==> picture [204 x 37] intentionally omitted <==

----- Start of picture text -----

POWER AND FUEL
(₹/ton)
----- End of picture text -----

==> picture [422 x 167] intentionally omitted <==

----- Start of picture text -----

1% 7%
767
1,353
741
732 1,273
1,260
Dec-23 Sep-24 Dec-24 Dec-23 Sep-24 Dec-24
----- End of picture text -----

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

Costs reducing consistently, driven by initiatives viz. raw mix optimization, minimization of costlier materials, maximise the consumption of low cost activated gypsum etc.

The Strategic initiatives initiated to name a few,

This has resulted in

• Reduced Kiln fuel cost (Rs 1.84 to 1.66/000 kCal)

• Long term arrangements for Fly Ash

• Railway handling for Fly Ash

• Higher Green power share by 5.7 pp (from 15.8% to 21.5%)

• BCFC rakes

Will drive the costs further down in coming quarters

==> picture [203 x 37] intentionally omitted <==

----- Start of picture text -----

FREIGHT AND FORWARDING
(₹/ton)
----- End of picture text -----

==> picture [203 x 37] intentionally omitted <==

----- Start of picture text -----

OTHER EXPENSES
(₹ /ton)
----- End of picture text -----

==> picture [398 x 167] intentionally omitted <==

----- Start of picture text -----

5%
26%
1,297
1,281 787
669
627
1,228
Dec-23 Sep-24 Dec-24 Dec-23 Sep-24 Dec-24
----- End of picture text -----

With initiatives taken to optimize the resources and simplify business operations, these costs will reduce in upcoming quarters, viz.

Freight and Forwarding costs are on downward trends and this reduction journey expected to continue driven by various initiatives mainly,

• Global Capability Center rolled out

• Increase share of Sea transport (Target to reach 10% by FY’28)

• Strong focus on Digitization and automation of process

• Automation and Digitization

• Unified & simple business process

• Wheeler rationalization resulting in lower freight cost

• Capex/Opex initiatives taken for the improvement of all operational efficiency parameters

• Improve Direct dispatches

• Re-negotiations of freight and handling rates

• Cost has gone up mainly on account of higher Brand promotion expenses

==> picture [61 x 27] intentionally omitted <==

==> picture [68 x 24] intentionally omitted <==

20

PERFORMANCE HIGHLIGHTS

ADANI GROUP AMBUJA CEMENT PROFILE OVERVIEW

ESG ACCOLADES & ABBREVIATIONS UPDATE AWARDS

==> picture [59 x 4] intentionally omitted <==

==> picture [59 x 40] intentionally omitted <==

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

==> picture [203 x 37] intentionally omitted <==

----- Start of picture text -----

SALES VOLUME - CLC
(MnT)
----- End of picture text -----

==> picture [203 x 37] intentionally omitted <==

----- Start of picture text -----

NSP
(₹/Bag Cement)
----- End of picture text -----

==> picture [203 x 37] intentionally omitted <==

----- Start of picture text -----

EBITDA (Excl. RMX & Other Income)
(₹ Cr & Margin)
----- End of picture text -----

==> picture [203 x 37] intentionally omitted <==

----- Start of picture text -----

EBITDA (Excl. Other Income)
(₹/ton)
----- End of picture text -----

==> picture [394 x 166] intentionally omitted <==

----- Start of picture text -----

24% 12%
271
10.1
8.7
8.2
233 238
Dec-23 Sep-24 Dec-24 Dec-23 Sep-24 Dec-24
----- End of picture text -----

==> picture [28 x 29] intentionally omitted <==

==> picture [28 x 28] intentionally omitted <==

43%

29%

==> picture [374 x 108] intentionally omitted <==

----- Start of picture text -----

851
1,043
681
601 784
595
19.2% 16.2% 11.9%
Dec-23 Sep-24 Dec-24 Dec-23 Sep-24 Dec-24
----- End of picture text -----

Volume growth of 24% driven by higher trade sales volume and premium products have mitigated partially the lower realization and resulted in revenue growth of 14%. Various initiatives on ground have been rolled out to push the sales volume and improve realizations,

Continuous focus on Operational excellency through Capex/Opex base programs and cost reduction initiatives will help in improving the cost parameters and profitability in coming quarters

• Technical services programs resulting in expansion of ground network

• Continuous engagement with influencers

• Improve premium products share

• Focused branding and promotional activity

==> picture [61 x 27] intentionally omitted <==

==> picture [68 x 24] intentionally omitted <==

21

PERFORMANCE HIGHLIGHTS

ADANI GROUP AMBUJA CEMENT PROFILE OVERVIEW

==> picture [59 x 4] intentionally omitted <==

ESG ACCOLADES & ABBREVIATIONS UPDATE AWARDS

==> picture [59 x 40] intentionally omitted <==

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

==> picture [203 x 37] intentionally omitted <==

----- Start of picture text -----

RAW MATERIAL
(₹/ton)
----- End of picture text -----

==> picture [203 x 37] intentionally omitted <==

----- Start of picture text -----

POWER AND FUEL
(₹/ton)
----- End of picture text -----

==> picture [420 x 167] intentionally omitted <==

----- Start of picture text -----

34% 18%
748 1,051
593 925
557 858
Dec-23 Sep-24 Dec-24 Dec-23 Sep-24 Dec-24
----- End of picture text -----

==> picture [203 x 37] intentionally omitted <==

----- Start of picture text -----

FREIGHT AND FORWARDING
(₹/ton)
----- End of picture text -----

==> picture [203 x 37] intentionally omitted <==

----- Start of picture text -----

OTHER EXPENSES
(₹/ton)
----- End of picture text -----

==> picture [425 x 166] intentionally omitted <==

----- Start of picture text -----

15% 6%
1,119 631
594
1,004 502
955
Dec-23 Sep-24 Dec-24 Dec-23 Sep-24 Dec-24
----- End of picture text -----*

Raw materials costs higher due to higher purchased clinker (beneficial of TCO basis) excluding this cost is lower by 6% (Rs 27/T). These cost will be further optimized via various initiatives undertaken through cost leadership journey and strategic initiative for Fly Ash etc.

Power & Fuel costs are reducing consistently and on YoY this has come down by 18% driven by higher focus on green power (WHRS, Solar, Wind), maximizing captive coal and synergies with group. Key KPIs are as below

• Green power share increased by 8 pp (19.3% to 27.3%)

• Lower Kiln fuel cost by Rs 0.19 /000 kCal (Rs 1.80 to 1.61//000 kCal)

Lower freight and forwarding costs by 15% mainly driven by

• −Network optimization leading to lead reduction

Primary lead 7% Secondary lead 17%

• −Through Stock on Wheels (SOW), direct dispatch increased by 15%

• This is expected to further reduce in coming quarters with initiatives like

• −Wheeler rationalisation

• −Digitization

• −Process improvisation

Costs are marginally higher during this quarter mainly due to higher branding spend.

Other costs are on decreasing trends quarter on quarter basis driven by

• Elimination of avoidable costs

• Business process harmonizations

• Digitization initiatives

==> picture [61 x 27] intentionally omitted <==

==> picture [68 x 24] intentionally omitted <==

22

PERFORMANCE HIGHLIGHTS

ADANI GROUP AMBUJA CEMENT PROFILE OVERVIEW

ESG ACCOLADES & ABBREVIATIONS UPDATE AWARDS

==> picture [59 x 4] intentionally omitted <==

==> picture [59 x 40] intentionally omitted <==

ACC (Consolidated) Cement Business (% Change YoY)

==> picture [204 x 37] intentionally omitted <==

----- Start of picture text -----

SALES VOLUME - CLC
(MnT)
----- End of picture text -----

==> picture [203 x 37] intentionally omitted <==

----- Start of picture text -----

NSP
(₹/Bag Cement)
----- End of picture text -----

==> picture [420 x 168] intentionally omitted <==

----- Start of picture text -----

21% 12%
10.7
9.3
8.9
259
231
227
Dec-23 Sep-24 Dec-24 Dec-23 Sep-24 Dec-24
----- End of picture text -----

==> picture [204 x 37] intentionally omitted <==

----- Start of picture text -----

EBITDA (Excl. Other Income)
(₹ Cr & Margin)
----- End of picture text -----

==> picture [203 x 37] intentionally omitted <==

----- Start of picture text -----

EBITDA
(Excl. Other Income) (₹ /ton)
----- End of picture text -----

==> picture [425 x 169] intentionally omitted <==

----- Start of picture text -----

22% 1%
1,070
874
982 995
399 428
18.8% 9.2% 19.1%
Dec-23 Sep-24 Dec-24 Dec-23 Sep-24 Dec-24
----- End of picture text -----

• −Active engagement of Technical support team with influencers has resulted in expansion of ground network and pushing the trade sales volume up.

With strong focus on operational excellency journey coupled with higher volume growth and synergies between cement companies will result in higher profitability in coming quarters

• −Offering of value-added solutions beyond cement to customers and focused branding is helping in pushing the premium products share.

These initiatives are contributing to higher volume growth and improved revenue

==> picture [61 x 27] intentionally omitted <==

==> picture [68 x 24] intentionally omitted <==

23

PERFORMANCE HIGHLIGHTS

ADANI GROUP AMBUJA CEMENT PROFILE OVERVIEW

==> picture [59 x 4] intentionally omitted <==

ESG ACCOLADES & ABBREVIATIONS UPDATE AWARDS

==> picture [59 x 40] intentionally omitted <==

ACC (Consolidated) Cement Business (% Change YoY)

==> picture [203 x 37] intentionally omitted <==

----- Start of picture text -----

RAW MATERIAL
(₹/ton)
----- End of picture text -----

==> picture [28 x 28] intentionally omitted <==

6%

==> picture [152 x 110] intentionally omitted <==

----- Start of picture text -----

801
760
714
Dec-23 Sep-24 Dec-24
----- End of picture text -----

Costs are higher mainly on account of higher Gypsum Cost by 4.4% @ Rs. 2,201/t & higher purchased clinker consumption (Excluding this cost is lower by 2%). Besides constant endeavors to

• Optimize raw mix (minimizing costlier imported raw material consumption)

• Entering long term arrangements for assured supply with optimized costs

• Will further bring down the costs in coming quarters

==> picture [204 x 37] intentionally omitted <==

----- Start of picture text -----

POWER AND FUEL
(₹/ton)
----- End of picture text -----

==> picture [203 x 167] intentionally omitted <==

----- Start of picture text -----

30%
1,136
837 790
Dec-23 Sep-24 Dec-24
----- End of picture text -----

Power and Fuel costs have reduced by 30% (Rs 346/t) mainly driven by,

• WHRS share of total power up by 4.8 pp to 14%

• Green power mix up by 6 pp @19%

• – Maximization of linkage & Captive coal consumption resulted in lower fuels costs from Rs 1.86 to Rs 1.65/’000 kCal

• Maximization alternative fuel consumption leading to higher TSR by 0.4 pp @9.6%

==> picture [203 x 37] intentionally omitted <==

----- Start of picture text -----

FREIGHT AND FORWARDING
(₹/ton)
----- End of picture text -----

==> picture [203 x 167] intentionally omitted <==

----- Start of picture text -----

9%
1,034
1,000
939
Dec-23 Sep-24 Dec-24
----- End of picture text -----

Freight and forwarding costs reduced by 9% & expected to reduce further in coming quarters with various initiatives like

• Model shift in logistics with lower secondary leads

• Direct dispatch up by 15% @ 51%

• Wheeler rationalization leading to higher direct dispatch and lower freight costs

• Digitization initiatives leading to better control mechanism & removing inefficiencies

==> picture [203 x 37] intentionally omitted <==

----- Start of picture text -----

OTHER EXPENSES
(₹ /ton)
----- End of picture text -----

4% 500 483 479 Dec-23 Sep-24 Sep-24 Other expenses have been reduced mainly due to

• Unified Business model with new & lean business structure

• Automation and Digitization initiatives leading to simplified processes

• synergies with group company resulting in better negotiated rates wherever possible

==> picture [61 x 27] intentionally omitted <==

==> picture [68 x 24] intentionally omitted <==

24

ADANI GROUP AMBUJA CEMENT PERFORMANCE PROFILE OVERVIEW HIGHLIGHTS

==> picture [59 x 4] intentionally omitted <==

ESG ACCOLADES & UPDATE AWARDS

ABBREVIATIONS

==> picture [59 x 40] intentionally omitted <==

Capex updates

==> picture [61 x 27] intentionally omitted <==

==> picture [68 x 24] intentionally omitted <==

==> picture [960 x 11] intentionally omitted <==

25

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

Roadmap to 140 MTPA - 97* at present, 104 by FY’25, 118 by FY’26 and 140 MTPA by FY’28

Expansion Project	Capacity (MTPA) Clinker Cement	Capacity (MTPA) Clinker Cement	Expected completion		Status Update
Bhatapara Line 3 (CU)	4.0	-	Q4 FY'25
Sankrail (GU)	-	2.4	Q4 FY'25
Farakka (GU)	-	2.4	Q4 FY’25 (Phase I)	•	Advance stages of completion and commissioning
Sindri (GU)	-	1.6	Q4 FY'25
Salai Banwa (GU)	-	2.4	Q1 FY'26	•	Major equipments received at site, Civil work under progress
Bathinda	-	1.2	Q2 FY’26
Marwar (GU)	-	2.4	Q2 FY'26
				•	Ongoing Civil work, major equipments expected soon to be received
					at the site
Maratha Line 2 (CU)	4.0	-	Q3 FY'26
Dahej Line-2 (GU)	-	1.2	Q3 FY’26
Kalamboli (Blending)	-	1.0	Q3 FY'26	•	Civil work commenced, major equipment supplies tied up
Jodhpur (Penna IU) Krishnapatnam Penna (GU)	3.0 -	2.0 2.0	Q3 FY’26 Q3 FY'26	•	Major equipments received at site, Civil work substantially completed
Warishaliganj (GU)	-	2.4	Q4 FY’26	•	Civil work substantially completed; major equipments ordered
Total	11.0	21.0

In addition, Board has also approved

• 14 Cement Grinding Units (2.4 MTPA) each identified at 14 locations (Land acquisitions and statutory approvals Cement for these projects are under progress)

Capacity Details (Mn T) : Existing Capacity 56 89 Orient Cements 6 9 Projects under execution 11 21 Addl. Projects at various stages 16 21 Total Capacity 89 140

==> picture [61 x 27] intentionally omitted <==

==> picture [68 x 24] intentionally omitted <==

26 26

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

==> picture [58 x 5] intentionally omitted <==

==> picture [59 x 40] intentionally omitted <==

==> picture [886 x 327] intentionally omitted <==

----- Start of picture text -----


21 140
15
6 104
9 97
10
6 1 $ 2 77 2
68 1
Ambuja’s Ametha Sanghi Dahej Asian Ambuja’s My Home Penna Orient Ambuja’s Projects Ambuja’s Brownfield Strategic Consolidated
Consolidated Dec’23 Ind Ltd. Jul’23 Cement consolidated Ind Cement Cement Consolidated Under Consolidated expansions Roadmap Capacity end
Operating Dec’23 and Capacity as Apr’24 (Operational) operating advanced operating (at various Ready of FY 2028
Capacity Concrete of FY 2024 Capacity stage of Capacity as stages)
Sep’22 Jan’24 post Penna & execution at Mar’25
(time of Orient
acquisition) acquisition
----- End of picture text -----*

This lays a clear roadmap to achieve targeted capacity of 140 MTPA before FY’28 Substantial Capex programs for Capacity expansion are Brownfield Projects

• Includes under construction Penna cement plants / RTE(Right to Execute) of Orient and other projects

$ Ambuja/ACC have long term purchase agreement with Dahej plant of Ambuja Cement Industries Ltd., 100% subsidiary of Adani Cementation limited

==> picture [61 x 27] intentionally omitted <==

==> picture [68 x 24] intentionally omitted <==

27

PERFORMANCE HIGHLIGHTS

ADANI GROUP AMBUJA CEMENT PROFILE OVERVIEW

ESG ACCOLADES & ABBREVIATIONS UPDATE AWARDS

==> picture [59 x 4] intentionally omitted <==

==> picture [59 x 40] intentionally omitted <==

Adani Cement – Capacity Enhancement Enablers

Cement Capacity (MTPA)

==> picture [861 x 268] intentionally omitted <==

----- Start of picture text -----

1. Land: land already in possession/ available with group / in advance stages of acquisition
2. Limestone: During this Qtr. 631 Mn MT limestone reserve secured taking Cumulative
reserves to ~8.3 Bn MT in possession at NIL to nominal premium, minimize issues on expiry
16% of limestone reserves by 2030
With 3. Raw Material: ~ 40% of Fly Ash requirement under long term arrangement (will increase to
Orient 140 50%+ by 2028)
Cements
97 104 4. Enterprise Risk Management: Better enterprise risk management, 65% of total cost of
89
77 cement has synergies with group or where Group is market leader
67.5
5. Project Execution: Strong project execution framework to ensure capacity is met with
efficient design and optimized Capex/MT
6. Ground Network: Ground network (~1,08,000+ channel partners), stronger brand equity will
Sept'22 FY'24 Oct'24 Oct'24 FY'25 FY'28 facilitate improved volumes and margins
7. Strong Balance Sheet: Ambuja continues to remain debt free with net worth of Rs. 62,535 Cr,
cash and cash equivalents of Rs. 8,755 Cr and Crisil AAA (stable) / A1 + credit rating
maintained.
----- End of picture text -----

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

==> picture [61 x 27] intentionally omitted <==

==> picture [68 x 24] intentionally omitted <==

28

PERFORMANCE HIGHLIGHTS

ADANI GROUP PROFILE

AMBUJA CEMENT OVERVIEW

ESG ACCOLADES & ABBREVIATIONS UPDATE AWARDS

==> picture [59 x 4] intentionally omitted <==

==> picture [59 x 40] intentionally omitted <==

Ambuja Cement (consolidated): Cash & Cash Equivalents position

==> picture [396 x 228] intentionally omitted <==

----- Start of picture text -----

32,448 $ 62,535$
Cash & Cash Equivalent for the last Seven quarters
Sanghi Acq. Penna Acq.
3,485 Cr 7,835 Cr
18,299
15,999
11,530 [11,886] 11,721
10,135
9,454 8,591 8,755
8,142 7,488 7,267
Jun-22 15th Sep-22 Dec-22 [Mar-23] Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24
Sep’22
Under HolcimUnder Holcim Under Adani FamilyUnder Adani
----- End of picture text -----

Net worth increased by ₹ 11,689 Crs during 9M FY’25 and now stands at ₹ 62,535 Crs Company continues to remains Debt Free Crisil AAA (stable) / Crisil A1+ ratings maintained

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

==> picture [61 x 27] intentionally omitted <==

==> picture [68 x 24] intentionally omitted <==

*Including orient cement this will go up to 97 MTPA

29

$ Net worth in Cr

ADANI GROUP AMBUJA CEMENT PERFORMANCE PROFILE OVERVIEW HIGHLIGHTS

ESG ACCOLADES & UPDATE AWARDS

==> picture [34 x 5] intentionally omitted <==

ABBREVIATIONS

==> picture [59 x 40] intentionally omitted <==

==> picture [960 x 11] intentionally omitted <==

30

ESG ACCOLADES & UPDATE AWARDS

ADANI GROUP AMBUJA CEMENT PERFORMANCE PROFILE OVERVIEW HIGHLIGHTS

ABBREVIATIONS

==> picture [34 x 5] intentionally omitted <==

==> picture [59 x 40] intentionally omitted <==

Adani Cement: Stakeholder value creation

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

Society

• −Spend made on various social development program

• −Outreach in 13+ states benefiting 4.7 Mn people through community development projects

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

==> picture [273 x 33] intentionally omitted <==

----- Start of picture text -----

Governance
----- End of picture text -----

• 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

==> picture [61 x 27] intentionally omitted <==

==> picture [68 x 24] intentionally omitted <==

31

ADANI GROUP ADANI CEMENT PROFILE OVERVIEW

PERFORMANCE HIGHLIGHTS

ESG ACCOLADES & UPDATE AWARDS

==> picture [34 x 5] intentionally omitted <==

==> picture [59 x 40] intentionally omitted <==

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.

==> picture [151 x 41] intentionally omitted <==

----- Start of picture text -----

Policies
----- End of picture text -----

==> picture [151 x 41] intentionally omitted <==

----- Start of picture text -----

Assurance
----- End of picture text -----

==> picture [130 x 117] intentionally omitted <==

==> picture [151 x 40] intentionally omitted <==

----- Start of picture text -----

Guiding principle
----- End of picture text -----

==> picture [151 x 40] intentionally omitted <==

----- Start of picture text -----

Commitment
----- End of picture text -----

Our ESG Ambition

• Net Zero

ESG Reporting Framework

ESG Rating Agencies

• Waste to Resource

• Water Positive

• Biodiversity Positive

• Zero Harm

• Engaged Communities

• Zero Non-Compliance

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

==> picture [60 x 25] intentionally omitted <==

==> picture [72 x 25] intentionally omitted <==

32

ESG UPDATE

ADANI GROUP AMBUJA CEMENT PROFILE OVERVIEW

PERFORMANCE HIGHLIGHTS

ACCOLADES & ABBREVIATIONS AWARDS

ESG Ratings

==> picture [125 x 239] intentionally omitted <==

==> picture [482 x 325] intentionally omitted <==

----- Start of picture text -----

RATING AGENCIES AMBUJA ACC
DJSI(2023) 66 67
CDP - CC A- A-
CDP - WS B
B
Sustainalytics 28.5 Medium 21.8 Medium
risk risk
BB -
MSCI
----- End of picture text -----

With our Ongoing projects for Solar, Wind & WHRS at an investment of Rs. 10,000 crore

• Scope 2 Carbon Emissions will reduce substantially

• Will reach 60% Green Power share by FY’28

==> picture [61 x 27] intentionally omitted <==

==> picture [72 x 25] intentionally omitted <==

33

ESG ACCOLADES & ABBREVIATIONS UPDATE AWARDS

ADANI GROUP AMBUJA CEMENT PERFORMANCE PROFILE OVERVIEW HIGHLIGHTS

ESG Dashboard

Material topic		Ambuja		ACC	UN SDGs
	2030 TARGETS	STATUS Q3 FY 25	2030 TARGETS	STATUS Q3 FY 25
Climate & Energy (Net specific CO2	453	512	400	471
emissions - Kg/T)
Climate & Energy (Green Power)	60%	27.3%	60%	18.5%
Circular Economy (Use of waste derived resources MnT/yr)	21	2.0	30	2.8
Water & Nature (Water Positive)	10x	11.2x	5x	0.17x
Water & Nature (Trees Planted - Million)	2.4 Million 2.4	1.4	5.9	4.9 Million till FY 24 4.9
		till FY 24		till FY 24
People & Community (beneficiaries – million)	2.4 Million 3.5	3.3 till FY 24	3.5	4.9 Million till FY 24 1.45 till FY 24

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

==> picture [61 x 27] intentionally omitted <==

==> picture [72 x 25] intentionally omitted <==

3434

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

==> picture [34 x 5] intentionally omitted <==

==> picture [59 x 40] intentionally omitted <==

==> picture [960 x 11] intentionally omitted <==

35

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

==> picture [34 x 5] intentionally omitted <==

==> picture [59 x 40] intentionally omitted <==

Corporate Social Responsibility (Ambuja Consolidated)

==> picture [569 x 33] intentionally omitted <==

----- Start of picture text -----

Livelihoods
Water Resource Management
----- End of picture text -----

• ➢ 35,073 trainings on agricultural activities and 434 trainings on agri allied activities across 16 Ambuja locations

• ➢ 294 RRWHS constructed

• ➢ 462 Awareness camps on water resource management

• ➢ 2031 Hectares covered under Micro irrigation

• ➢ 68,320 Tonne Biomass supplied to Ambuja

• ➢ 4,551 Youth Trained under SEDI

• ➢ 157 newly SHGs formed

==> picture [273 x 33] intentionally omitted <==

----- Start of picture text -----

Quality Healthcare
----- End of picture text -----

• ➢ 93,843 truckers and allied population reached through health activities

==> picture [241 x 11] intentionally omitted <==

----- Start of picture text -----

➢ 20,317 beneficiaries screened under NCD program
----- End of picture text -----

• ➢ 1,038 Awareness sessions on WASH in schools

• ➢ New Community Clinic launched in Kashyaloo, Darlaghat

• ➢ SEDI Centre relocated to Bathinda to cater to more students

• ➢ New course launched in AI-Data Science in SEDI Darlaghat and Nalagarh

SEDI – Skill and Entrepreneurship Development Institute SHG – Small Help Groups RRWHS – Rain Water Harvesting System MHM – Menstrual Hygiene Management WASH - Water, Sanitation, and Hygiene

==> picture [61 x 27] intentionally omitted <==

==> picture [68 x 24] intentionally omitted <==

36

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

==> picture [34 x 5] intentionally omitted <==

==> picture [59 x 40] intentionally omitted <==

Corporate Social Responsibility (Ambuja Consolidated)

==> picture [263 x 33] intentionally omitted <==

----- Start of picture text -----

Achievements
----- End of picture text -----

• ➢ Social Impact Award 2024 by SPJMR Mumbai

• ➢ Social Leadership Award 2024 by the Bengal Chamber of Commerce & Industries

• ➢ 17th time champion at the 25th Punjab State Special Olympics games - AMK

• ➢ Appreciation received by Cabinet Minister Avinash Gehlot to SEDI students

• ➢ SEDI Bhatapara students felicitated by Chief Minister of Chattisgarh for remarkable achievement

Partnerships

• ➢ LOI with Nagpur with Diffusion Engineering Pvt. Ltd. for providing On-The-Job training to trainees of SEDI Chandrapur in Manual Metal Arc Welding

• ➢ New watershed project sanctioned for Mandi district by NABARD

• ➢ MOU signed with Indira Gandhi National Centre for Arts to enhance skills of women artisans in Bathinda

==> picture [61 x 27] intentionally omitted <==

==> picture [68 x 24] intentionally omitted <==

37

SEDI – Skill and Entrepreneurship Development Institute NABARD - National Bank for Agriculture and Rural Development

ADANI GROUP AMBUJA CEMENT PROFILE OVERVIEW

PERFORMANCE HIGHLIGHTS

ACCOLADES & AWARDS

ABBREVIATIONS

ESG UPDATE

==> picture [34 x 5] intentionally omitted <==

==> picture [59 x 40] intentionally omitted <==

Board & Committee Structure

==> picture [872 x 345] intentionally omitted <==

----- Start of picture text -----

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
----- End of picture text -----

==> picture [61 x 27] intentionally omitted <==

==> picture [68 x 24] intentionally omitted <==

• Every year independent evaluation of Independent Directors

100 % Board attendance

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

38

ESG ACCOLADES & ABBREVIATIONS UPDATE AWARDS

ADANI GROUP AMBUJA CEMENT PERFORMANCE PROFILE OVERVIEW HIGHLIGHTS

Quick links (From Ambuja & ACC websites)

==> picture [888 x 398] intentionally omitted <==

----- Start of picture text -----

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

==> picture [61 x 27] intentionally omitted <==

==> picture [72 x 25] intentionally omitted <==

3939

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

==> picture [59 x 5] intentionally omitted <==

ABBREVIATIONS

==> picture [59 x 40] intentionally omitted <==

==> picture [960 x 11] intentionally omitted <==

40

ADANI GROUP PROFILE

AMBUJA CEMENT OVERVIEW

PERFORMANCE HIGHLIGHTS

ESG UPDATE

ACCOLADES & AWARDS

ABBREVIATIONS

==> picture [59 x 5] intentionally omitted <==

==> picture [59 x 40] intentionally omitted <==

Accolades & Awards

==> picture [251 x 337] intentionally omitted <==

==> picture [268 x 335] intentionally omitted <==

Ambuja Cements receives the prestigious Golden Peacock Award 2024 for showcasing excellence in ESG initiatives at IOD’s Annual Global Convention on Corporate Governance and Sustainability held in London, UK

Ambuja Cements' Marwar Mundwa and Darlaghat Sites receives the IconSWM-CE Excellence Award 2024 for excellence in co-processing and AFR.

Ambuja Cements receives the prestigious CII SCALE Award 2024 for Excellence in Logistics

Ambuja Cements clinches Gold at the Arogya World Healthy Workplace Awards 2024

==> picture [61 x 27] intentionally omitted <==

==> picture [68 x 24] intentionally omitted <==

41

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

==> picture [64 x 5] intentionally omitted <==

==> picture [59 x 40] intentionally omitted <==

==> picture [960 x 11] intentionally omitted <==

42

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

==> picture [64 x 5] intentionally omitted <==

==> picture [59 x 40] intentionally omitted <==

Abbreviations

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

43

ADANI GROUP AMBUJA CEMENT PERFORMANCE ESG ACCOLADES & ABBREVIATIONS Details of Q3 FY’25 Earnings callPROFILE OVERVIEW HIGHLIGHTS UPDATE AWARDS

Management Representation

• Mr. Ajay Kapur - Chief Executive Officer

• Mr. Vinod Bahety - Chief Financial Officer

Details of the conference call Time: 2:00 PM IST on Wednesday, January 29, 2025

Conference dial-in:	Conference dial-in:
India (Mumbai)	+91 22 6280 1123
	+91 22 7115 8227
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

==> picture [61 x 27] intentionally omitted <==

==> picture [68 x 24] intentionally omitted <==

44

==> picture [821 x 59] intentionally omitted <==

==> picture [59 x 40] intentionally omitted <==

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.

==> picture [168 x 12] intentionally omitted <==

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

==> picture [61 x 27] intentionally omitted <==

==> picture [68 x 24] intentionally omitted <==

45