Ambuja Cements Ltd. — Regulatory Filings 2023

Aug 2, 2023

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Date: August 02, 2023

National Stock Exchange of India Ltd., Plot No.C/1 'G' Block Bandra – Kurla Complex Bandra East, Mumbai 400 051 Scrip Code: AMBUJACEM

Bombay Stock Exchange Limited PhirozJeejeebhoy Towers, Dalal Street, Mumbai – 400 023 Scrip Code: 500425

Luxembourg Stock Exchange,

S A. 35A, Boulevard Joseph II, L-1840 Luxembourg, "Luxembourg Stock Ex-Group ID " <ost@bourse.lu

Dear Sirs,

Sub: Investor Presentation under Regulation 3o of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015

In continuation of our letter dated 28[th] July, 2023 regarding Analyst/Institutional call scheduled on 2[nd] August 2023 , we are enclosing herewith Presentation titled ‘Operational & Financial Highlights’ of the Company for the quarter ended on June 30, 2023.

This is for your information and dissemination on your website.

Thanking you,

Yours faithfully,

For Ambuja Cements Limited

VINOD Digitally signed by VINOD MOHANLAL MOHANLAL BAHETY Date: 2023.08.02 BAHETY 12:38:48 +05'30' VinodBahety Chief Financial Officer Encl: as above

Ambuja Cements Ltd Registered office: Adani Corporate House Shantigram, S.G. Highway Khodiyar, Ahmedabad – 382 421 Gujarat, India

Ph +91 79-2555 5555 www.ambujacement.com CIN: L26942GJ1981PLC004717

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Operational & Financial Highlights

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For the Quarter Ended June 30, 2023

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Content	Content
01	Adani Group Profile	3-6
02	Adani Cement - Overview	7-10
03	Financial, ESG and Governance Overview	11-16
04	Performance Highlights	17-26
05	Way forward & Growth Updates	27-34
06	ESG Updates	35-46
07	Accolades & Awards	47-50

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2

Adani Group Profile

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01

3

Adani : A World Class Infrastructure & Utility Portfolio

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Adani Portfolio : Decades long track record of industry best growth with national foot rint p

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

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Adani Cement (Ambuja + ACC) - Overview

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02

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Adani Cement: Builders of Progress in India

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• Well poised for Growth Cost Leadership Market Leadership Achieve lowest cost to serve by • Pan India presence with iconic

• Capacity to double from the current leveraging Group’s vast experience brands

• Development 67.5 MTPA to 140 MTPA and unmatched adjacencies in all • RMX new growth engine for future critical areas such as group • Leveraging Group’s adjacencies to infrastructure and digital platform, drive premium quality green energy cost, and supply chain cement volumes (90-92% share)

• Asset Footprint Supply Chain Excellence Sales & Marketing Excellence

• • Well diversified asset footprint to • Network optimization • High share of profitable IHB cater pan India cement demand • Group synergies of multi model segment (share at 77% currently)

• Operations (incl. captive coal mine – Gare logistics to help in optimizing • Focus on special application Palma/Dahegaon Gowari) warehouse infrastructure premium cement (23% of trade

• • WHRS, AFR, other measures to • Leveraging and investing in rail, sea sales) and BCT/GUs infrastructure for

• drive significant cost reduction • Emphasis on digitization lower logistics cost

• Stakeholders Societal Environmental

• • Existing Cash & Cash Equivalents • Focus on agro based livelihood, • Strong commitment to Sustainable

• Value & additional operating cash flows water conservation, health and Development (SD) 2030 Plan

• Creation adequate to accelerate growth sanitisation, education, women • Geoclean, EcomaxX, AFR, WHRS • Enhanced Governance - In addition empowerment, etc. initiatives to build circularity & to the statutory committees, there • ~2.6 Million people benefited accelerate green products are 7 additional committees through community development • Focus on water positivity and represented by independent projects year to date circular economy directors

Note: MTPA: MnT Per Annum; AFR: Alternate Fuels and Raw Material; BCT: Bulk Cement Terminal; WHRS: Waste Heat Recovery System; IHB: Individual Home Builder; GU: Grinding Unit

8

Adani Cement: Presence in 29 states and 600+ districts (~79%)*

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67.5 MTPA 10
Cement Capacity Captive Ships
1,15,000 5
Channel partners across India Bulk Cement Terminals
16 92%
Integrated units Share of blended cement
 Integrated Unit
14 7.0%
● Grinding Unit
Grinding units Thermal Substitution rate
 Bulk Terminal
Ongoing Project
88 58.8%
 Ambuja
Ready-mix concrete plants Clinker Factor
 ACC
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* As on 30.06.2023

In addition order placed for capacity expansion of 14 MnT Cement incl. 8 MnT Clinker (Bhatapara & Maratha), under implementation

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Adani Cement: Iconic brands that shaped the industry

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Iconic brands

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Strength

Original disruptor with Virat Compressive Strength Pioneered brand building & technical services

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Heritage

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

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High contribution All India Presence -
Price Leadership
coming from IHB 2022
A Band ( >Rs 340+ /bag) Ambuja + ACC – 77%
Industry – 65%
% of Sales
28%
B Band (Rs 320-340 /bag)
14%
27%
21%
C Band (<Rs 300/bag)
9%
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Note: IHB – Individual Home Builder

Share of Premium Products : 23% of Trade Volume

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10

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Financial Overview

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For the Quarter Ended Jun 30, 2023

03

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11

Financial results (for the Qtr.)

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KPIs	UoM	Ambuja Consolidated	Ambuja Consolidated	Ambuja Standalone	Ambuja Standalone	ACC Standalone	ACC Standalone
		Jun 23	Mar 23	Jun 23	Mar 23	Jun 23	Mar 23
Revenue from Operation	Rs. Cr	8,713 *	7,966	4,730	4,256	5,201	4,791
EBITDA	Rs. Cr	1,930	1,523	1,138	962	848	588
EBITDA (%)	%	22.2%	19.1%	24.1%	22.6%	16.3%	12.3%
Profit after Tax	Rs. Cr	1,135	763	645	502	466	236
Net Worth	Rs. Cr	39,889 **	38,757	29,148	28,506	14,608	14,142
Cash & Cash Equivalent	Rs. Cr	11,886 ***	11,845	8,634	8,509	3,096	3,182

• In Consolidated Revenue MSA sales is eliminated

** Pre – acquisition share of profit in ACC is part of Goodwill and not considered in Reserves. Hence, there is a difference in consolidated networth and the standalone combined networth of both the companies *** Includes Rs. 145 Cr. Of subsidiaries (Bulk Cement Corporation of India Rs. 43 Cr., ACC Mineral Resource Ltd. – Rs 86 Cr & One India BSC Rs. 15 Cr.)

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ESG Overview

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13

ESG performance update

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KPIs					Remarks	Remarks
	Target 2030	Actual	Target 2030	Actual
Climate and energy (Net specific CO2 emissions) Kg/t	453	523	400	460	- Accelerating Green products & Solutions - Maximizing WHRS power in power basket to reduce carbon footprint - Increased share of Blended cement
Circular economy (Use of waste derived Circular economy (Use of waste derived	21 21	13.01 2.7	30	3.6	- Reduction of Clinker factor by 1.2% YoY - Strong drive to maximise Alternative fuel as %
resources per year) Mio T resources per year) MnT					of total fuel basket
Environment (Fresh water consumption Ltrs / T of Cementitious material)	62	42.5	5	0.6	- Reduction of fresh water withdrawal - Focus on water governance - Enhanced usage of recycled water - Utilisation of harvested water
Community
(Number of new beneficiaries) million	3.5	2.5	3.5	0.06	Focus on sustainable livelihood & social inclusion for the community
Ambuja/ACC Confident to achieve			2030 Target	much ahead of time		14
Note: Actual numbers are for achievement during period Apr to Jun’23
WHRS : Waste Heat Recovery System

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Governance Overview

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Adani Cement: Strong governance framework

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Board of Directors Governance Committees
Statutory Committees
Audit CSR Risk Mgt. Public
Committee Committee Committee Consumer
1 2 3 Committee
Stakeholder Nomination & Corporate 1
Relationship Remuneration Responsibility
Committee Committee Committee
3 1 1
Reputation Commodity Legal, Info. Tech &
Risk Price Risk Regulatory & M&A Data
Committee Committee Tax Committee Security
Committee Committee
2 3 2 3 3
Meeting
Frequency : Composition:
Quarterly 1 100% Independent Key committees like Audit, NRC, CRC &
Public Consumer Committee comprise of
Half Yearly 2 75% Independent
100% independent directors
As and when 3 50% Independent
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Performance Highlights

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For the Quarter Ended June 30, 2023

04

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Ambuja Cement (Consolidated) : Performance highlights (for the qtr.)

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Sales volume – Clinker & Cement (MnT) EBITDA – (Rs. Crore) Revenue – (Rs. Crore) EBITDA – (Rs./ton)
1,930 8,713 1,253
8,033 7,966
15.4
1,079
14.1 14.1 1,523 7,143
12.8
888
1,248
342
436
Jun-22 Sep-22 Mar-23 Jun-23 Jun-22 Sep-22 Mar-23 Jun-23 Jun-22 Sep-22 Mar-23 Jun-23 Jun-22 Sep-22 Mar-23 Jun-23
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Sales volume growth of 9% driven by strong focus on volume expansion, efficiency improvement and penetrating new markets

Initiative on volume growth, cost Revenue is higher by 9% driven by optimization & efficiency across various initiatives on improving brand KPIs have contributed to EBITDA visibility and positioning of growth by 27% (Rs 407 Cr.) and margin premium product expansion by 3.1%

EBITDA PMT has seen consistent expansion. Continuous efforts are on to increase this further and become market leader

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Ambuja Cement (Consolidated) : Performance highlights (for the qtr.)

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Raw Material Cost – (Rs./ton) Power & Fuel Cost – (Rs./ton) Freight and Forwarding Cost – (Rs./ton) Other Expenses – (Rs./ton)
707 706 732 742 2,138 1,411 1,426 1,390 1,436 832 770
1,872 702
669

1,501
1,404
Jun-22 Sep-22 Mar-23 Jun-23 Jun-22 Sep-22 Mar-23 Jun-23 Jun-22 Sep-22 Mar-23 Jun-23 Jun-22 Sep-22 Mar-23 Jun-23
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Raw material costs is sustained at previous quarter level. Improved synergies with group cos and various capex/non-capex cost saving programs are expected to control and bring down the raw material cost further.

Power & Fuel costs PMT shows rise, Freight & Forwarding cost almost due to higher production volume of sustained at previous quarter level, clinker and higher closing stock. despite higher sales volume and Otherwise, it has reduced compared catering to long lead markets to previous quarter

Consistent reduction in other expenses mainly driven by synergies with parent company

• All the factors with denominator of sales volumes.

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During this quarter with higher clinker production & inventory resulted in higher per Ton cost. Otherwise on like-to- like basis Power & Fuel cost is Rs 1,279/T; reflecting a reduction of 9% QoQ Raw Material cost is Rs 631/T; reflecting a reduction of 14% QoQ

19

Ambuja Cement (Standalone) : Performance highlights (for the qtr.)

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Sales volume – Clinker & Cement (MnT) EBITDA – (Rs. Crore) Revenue – (Rs. Crore) EBITDA – (Rs./ton)
9.1 1,138 4,730 1,247
1,190
7.4 8.1 962 3,998 4,256 1,035
3,670
6.8 768
498
351
Jun-22 Sep-22 Mar-23 Jun-23 Jun-22 Sep-22 Mar-23 Jun-23 Jun-22 Sep-22 Mar-23 Jun-23 Jun-22 Sep-22 Mar-23 Jun-23
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• Sales volume growth of 12% mainly driven by

• Focus on volume expansion

• Maximizing Premium products

• Penetration into new growing markets

EBITDA improvement by 18% contributed by

• Improved realization through maximization of premium products

• Cost reduction journey

Higher revenue by 11% driven by strong focus on brand visibility and positioning of premium products

Benefits out of synergy with Group co. and various efficiency improvement initiatives have resulted in expansion of EBITDA PMT by 5% (Rs 57 PMT)

• This does not include dividend income of Rs 550 Cr

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Ambuja Cement (Standalone) : Performance highlights (for the qtr.)

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Raw Material Cost – (Rs./ton) Power & Fuel Cost – (Rs./ton) Freight and Forwarding Cost – (Rs./ton) Other Expenses – (Rs./ton)
520 * 2,006 1,221 1,190 926
1,155 1,147
420 433 445 1,781 809
1,281 1,284 574 602
Jun-22 Sep-22 Mar-23 Jun-23 Jun-22 Sep-22 Mar-23 Jun-23 Jun-22 Sep-22 Mar-23 Jun-23 Jun-22 Sep-22 Mar-23 Jun-23
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• Raw Material cost have increased due to

• Consumption of costlier purchased limestone

• Higher clinker production volume

• Power & Fuel costs is sustained at Costs have reduced driven by previous quarter level even though efficiency improvements across clinker production is higher. various KPIs

Costs are increasing mainly due to higher clinker production & higher inventory. On like-to-like basis this is reducing QoQ

• All the factors with denominator of sales volumes.

During this quarter with higher clinker production & inventory resulted in higher per Ton cost. Otherwise on like-to- like basis Power & Fuel cost is Rs 1,178/T; reflecting a reduction of 8% QoQ Raw Material cost is Rs 475; reflecting a rise of 7% QoQ

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21

ACC: Performance highlights (for the qtr.)

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Sales volume – Clinker & Cement (MnT) EBITDA – (Rs. Crore) Revenue – (Rs. Crore) EBITDA – (Rs./ton)
9.4 848 5,201 900
8.5 4,791
4,468
7.6
6.9 3,987 694
588 628
480
124
86
Jun-22 Sep-22 Mar-23 Jun-23 Jun-22 Sep-22 Mar-23 Jun-23 Jun-22 Sep-22 Mar-23 Jun-23 Jun-22 Sep-22 Mar-23 Jun-23
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Consistent growth in sales volume Various initiatives on volume growth driven by strong push on volume and optimization of cost & efficiency expansion, simultaneously also across various KPIs have contributed in focusing on improvement of higher EBITDA by 44% and expansion efficiency parameters of margins by 4%

Revenues up by 9% driven by EBITDA PMT has been expanding continuous focus on Brand visibility consistently and moving towards and premium products positioning, four digit in coming quarters

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22

ACC: Performance highlights (for the qtr.)

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Raw Material Cost – (Rs./ton) Power & Fuel Cost – (Rs./ton) Freight and Forwarding Cost – (Rs./ton) Other Expenses – (Rs./ton)
1,410 1,420 1,192
907 882 861 871 1,903 1,217 1,237
1,716
781
1,194 662
1,113 596
Jun-22 Sep-22 Mar-23 Jun-23 Jun-22 Sep-22 Mar-23 Jun-23 Jun-22 Sep-22 Mar-23 Jun-23 Jun-22 Sep-22 Mar-23 Jun-23
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Raw material cost almost sustained. Synergies with group cos. is helping In bringing down the raw material costs and our endeavor to maximize these synergies benefits and contribute in Ebitda expansion On like-to-like basis this has come down by Rs 114 PMT (13%) QoQ

Power & fuel costs PMT shows rise, due to higher production of clinker and higher closing stock. Otherwise, it has reduced compared to previous quarter

On like-to-like basis this has reduced by Rs 89 PMT (8%) QoQ

Freight & Forwarding cost almost sustained even after higher volume of sales and high lead distance

Consistent reduction in other expenses driven by synergies with parent company & group companies

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23

Ambuja Cement (Consolidated) : Improvement in financial performance

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Sales volume and cost optimization efforts led to material improvement in Revenue & EBITDA

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Sales volume – Clinker & Cement (MnT)
20%
12.8 13.7 14.1 15.4
Jul-Sep'22 Oct-Dec'22 Jan-Mar'23 Apr-Jun'23
EBITDA (Rs. Crore) & EBITDA Margin (%)
343%
1,138 1,523 1,930
436
(14.4%) (19.1%) (22.2%)
(6.1%)
Jul-Sep'22 Oct-Dec'22 Jan-Mar'23 Apr-Jun'23
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Revenue (Rs. Crore)
22%
7,143 7,907 7,966 8,713
Jul-Sep'22 Oct-Dec'22 Jan-Mar'23 Apr-Jun'23
EBITDA/ton (Rs./ton)
274%
340 829 1,079 1,253
Jul-Sep'22 Oct-Dec'22 Jan-Mar'23 Apr-Jun'23
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24

Ambuja Cement (Consolidated) : Improvement in profitability and cash generation

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PAT (Rs. Crore)
22x
51 488 763 1,135
Jul-Sep'22 Oct-Dec'22 Jan-Mar'23 Apr-Jun'23
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Cash Flow from operation before w/c
changes (Rs. Crore)
50%
1,181 1,252 1,728
Jul-Dec'22 Jan-Mar'23 Mar-Jun'23
(6 months) (3 months) (3 months)
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Increased cash flow from operations contributed improved profitability, driven by:

• Higher volumes

• Improved realizations

• Optimized Costs

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25

Ambuja Cement (consolidated): Cash & Cash Equivalents position

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Cash & Cash Equivalent for the last five quarters Synopsis of the changes in the Cash & Cash Equivalent

		Remarks Under Holcim Under new promoter	Cash Balance Rs. Cr
Cash Balance	Rs. Cr	Remarks
December 21 Year end	11,358	Under Holcim	Opening balance as on 1st Apr 2023 11,530
			(+) Cash flow from operations before changes in Working Capital 1,728
June 22 Quarter	8,142
As on Closingof 15th Sep2022	7,488
			(+) Interest Cost (net of treasury income) and lease liability (76)
Opening balance as on 16th Sept 2022 when the new Promoter took over	7,488	Under new promoter
Sep22 Quarter	7,267		(-)Changes in workingcapital (755)
Dec 22Quarter	9,454		(-)Income taxpaid (260)
March 23 Year end	11,530		(-)Dividendpaid duringHolcimperiod(net) -
Jun 23 Quarter	11,886		(-)Capex(incl advance) (net) (595)
			Closing Balance as on 30th June 2023 11,572
			(+) Cash balance provided as margin for certain legal cases 314
			Adjusted Balance 11,886

• Increase of Rs. 42 crore in cash balance in June 2023 quarter as compared to March 2023, mainly on account of improved profitability.

• Company remains debt free.

• Net worth increased by Rs. 1,133 Cr. and now stands at Rs. 39,889 Cr.

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Way Forward & Growth Strategy

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05

27

Adani Cement: Synergies with Adani Group

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Fly Ash

Utilization of fly ash generated from power plants operated by Adani Power (APL) People Talent movement within the group across verticals

Coal

Use AEL / ANR expertise in procuring coal and mining operations

Power & Renewables

Leverage APL’s expertise to improve CPP’s operational excellence (Lakshya)

Logistics Leverage APSEZ’s MMLPs to serve major demand centers and use the company’s expertise in logistics to reduce cost

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

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Note: APL stands for Adani Power Limited; APSEZ stands for Adani Ports & SEZ Limited; AEL stands for Adani Enterprises Limited; ANR stands for Adani Natural Resources

28

Adani Cement: Sales & Marketing strategy

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• Improve brand awareness through differentiated regional positioning and, elevating website and social media communication. Contract with top –

• advertising agency Oglivy and Mather

• • Maintain local outdoor visibility through mix of impact walls and other outdoor elements

• • Ambuja Knowledge -

• Centre (AKC) for Influencer segment

• • Construction Apps for improving Brand visibility

• Focus on 10 high –

• growth states GJ, RJ, PB, HP, UP, J&K, BH, JH, MH and KA

• • Ramp up demand generation activities by appointing new retailers Sales

• • Increase in share of Marketing B2B segment (growing • at a faster rate than trade segment)

• • Increase in share of premium products • (higher realization)

• • Increase in the productivity of • technical service team to convert IHB leads

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Adani Cement: Branding strategy Brand Building On Ground Digital

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Mega Campaigns that focused on strengthening the • Celebrated our associations with channel • Leveraged Gujarat Giants #strongHER
mother brand positioning across key platforms of TV , & influencers to drive higher SOW campaign reached over 42 million viewers
Digital & Cinema • •
Strengthened Mother brand awareness Leveraged Social by being part of
through local branding conversations and smartly promoting the
Brands
Stakeholder meets
Outdoor Branding
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30

Adani Cement: Consumers & influencers at the center

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• IHB Contractor Professionals Dealer

• • IHB clinic • Relationship • Knowledge Strengthening • Site visits programs centers & lab consumer pull & • Technical • Contractor network enabling dealers to guidance certification • Technical sell all products

• • Product • Business aid - workshops demonstration Mobile apps • Concrete Mix

• • On site services • Loyalty program design • Plant visit • Networking • Trouble shooting

Note: IHB – Individual Home Builder

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31

Adani Cement: EBITDA improvement initiatives

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Cost leadership through operational efficiencies (Rs 300-400/ton improvement in EBITDA for FY24)

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Optimising
Manufacturing cost
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Increase in WHRS capacity from 87 MW to 121 MW by FY 24 and 175 MW by FY 25

Increase in share of AFR in fuel mix from 7.0% to 13% by FY 24 and 30% by FY 27

Coal extraction from newly alloted coal mine – Dahegaon Gawri

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Optimising
Other optimisations
Logistics cost
Manpower streamlining – Operating as a
Rail-Road mix optimisation
single entity
Warehouse footprint optimization by Debottlenecking initiatives to improve
increasing direct dispatch plant capacity
Change in product mix to improve
realizations
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Focus on Renewable Energy (Solar - 200 MW) to enhance green power

Entering into long term Fly Ash sourcing contracts

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Growth Strategy

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Adani Cement: Strategic approach going forward

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Decarbonization
Drive
Benchmarking Circular Economy
Brand Volatility
Differentiation Mitigation
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Direct Engagement
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• Decarbonize - Use of ships / rails for carbon efficient transportation, use of renewable power, increase WHRS capacity

• Circular Economy – Increased use of Fly Ash, alternate fuel, synesthetic gypsum

• Mitigate from the volatilities of commodity cycles – Long term contracts for Fly Ash, captive coal mines, higher procurement of coal through linkage

• Direct engagement with customers through digital network – Strong digital network which will enable higher penetration of B2C

• Brand differentiation – Differentiate the brands on strength of quality, innovation and technical experts engaging with the influencers. Increasing the number of on-field technical experts and Knowledge Centre programs

• Benchmarking – Focusing on efficiencies and outsourcing of non-core activities by benchmarking within business, with competitors and with global major players.

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ESG Update

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06

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Adani Cement: Stakeholder value creation

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dani Cement:Stakehol	der value creation
Environmental	Society	Governance
• Strong commitment to	• Spend of ~Rs 300 Cr on	•	Enhanced Governance - In
Sustainable Development (SD) 2030 Plan • Geoclean, EcomaxX, AFR, WHRS initiatives to build circularity & accelerate green products • Focus on water positivity and circular economy	various social development program (direct/partnership - Rs 97/203 Cr) • Outreach in 13+ states benefiting 2.6 Mn people through community development projects • Focus on Agro based		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
	livelihood, Water		Data Security Committee,
	conservation, Health &		Mergers and Acquisitions
	Sanitation, Women		Committee, Commodity Price
	Empowerment, etc.		Risk Committee, Reputation Risk Committee

Note: AFR: Alternate Fuels and Raw Material; BCT: WHRS: Waste Heat Recovery System;

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ESG Ratings

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DJSI Climate Circular economy
and energy Climate Water
80 B B
73 A- B
Industry Max score 89 A A
Best Possible Score 100 A A
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AAA RMC – ECOMaxX “the expert green concrete”

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ECOMaxX (000M3) ECOMaxX (in % of total volume)
19%
16% 16% 16%
14%
11%
47
39 41 43
36
22
Jun’23 Feb’23 Mar’23 Apr’23 May’23 Jun’23
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• ESG initiative: AAA RMC launched ECOMaxX on 3[rd] January 2023 (expert range of green concrete solution aimed towards building a sustainable future)

• 30-70% lower embodied carbon content compared to a reference concrete designed with OPC.

• In Q1 FY23-24 ECOMaxX and other Valueadded products achieved total savings of 14,167 Tons of CO2 towards a sustainable future.

• Savings can be expressed in terms • Taking Approx. 3000 cars off the road for 1 year.

• Savings of 5500 MT Coal when burnt for electricity generation.

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Adani Cement : Corporate Social Responsibility

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CSR @ Ambuja

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Segment	Major Transformations during Apr-Jun 23
Water Governance & Management	• 0.77 MCM Water Storage Capacity Created • 37 Check Dams Built • 132 Families supported for Roof Rain Water Harvesting Structures • 257 Water sources tested for quality
Skill Based Livelihoods	• 1947 Youth Trained across 17 centres of 10 states • 75% Placement Rate • 9580 women are engaged in individual enterprises & 1680 women are in group based enterprises (cumulative)
Social Inclusion	• Till date, 98% of those facilitated in allied agricultural activities are small, marginal and landless farmers • 42 new Self-Help Groups formed involving 496 women • 17 Farmer Producer Organizations with 8611 farmers as members (cumulative) • 15480 women are members of 8 Federations (cumulative)
Agriculture	• Working with 2.5 lakh farmers across locations (cumulative) • 300 farm ponds to improve availability of irrigation water • Reached 2.1 lakh cotton farmers in 4 locations under the Better Cotton Project (cumulative)

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CSR @ Ambuja

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Segment	Major Transformations during Apr-Jun 23
Health	• Institutional Delivery rate as high as 99% • 131 WASH infrastructure provided to schools and communities • 5 Healthcare centres cater to healthcare needs of approx. 18,395 truckers and allied population • Till date, 13 community clinics providing curative healthcare services and linked with NCD services • Malnutrition program reaching 350+ Anganwadi centres
Education	• Expansion of reading promotion program in 30 new schools • Expansion of physical education program in 19 new schools • Till date, 26 students with disabilities cleared Standard 10 examination
Awards & Accolades	• 1 medal won at the World Summer Special Olympics – Priya Devi from Ambuja Manovikas Kendra represented India in Basketball • Ambuja Cement Foundation awarded by the prestigious Institute of Chartered Accountants of India (ICAI) for its excellence in Financial Reporting for FY 2021-22, plaque for commended Annual Report in the Non- Profit Sector

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Adani Cement : Governance

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Board & Committee Structure

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Board of Directors Governance Committees
Statutory Committees
Audit CSR Risk Mgt. Public
Committee Committee Committee Consumer
1 2 3 Committee
Stakeholder Nomination & Corporate 1
Relationship Remuneration Responsibility
Committee Committee Committee
3 1 1
Reputation Commodity Legal, Info. Tech &
Risk Price Risk Regulatory & M&A Data
Committee Committee Tax Committee Security
Committee Committee
2 3 2 3 3
Meeting
Frequency : Composition:
Quarterly 1 100% Independent Key committees like Audit, NRC, CRC &
Public Consumer Committee comprise of
Half Yearly 2 75% Independent
100% independent directors
As and when 3 50% Independent
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|||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Key policies & its focus areas|
|RPT Policy|To provide guidelines for entering into transaction|with Related Parties|
|Whistle Blower Policy|To provide framework for responsible and secure whistle blowing|
|CSR Policy|To recommend amount towards CSR activities|
|Remuneration|Policy|To provide criteria|for determining remuneration|of KMPs|
|Material Events Policy|To provide guideline for determining material events|
|To|define|applicability|&|coverage|of|insider|trading|and|provide|guidance|on|
|Insider Trading Code|
|preservation of UPSI|
|To provide a framework for leveraging on the diverse knowledge and expertise of the|
|Board Diversity Policy|
|Board|
|To|make|the|Independent|Directors|of|the|Company|accustomed|to|their|roles|and|
|Directors|Familiarization|Programme|
|responsibilities|
|Dividend Distribution Policy|To maintain a consistent|approach to Dividend pay-out plans|
|To|ensure|that|all|the|documents,|disclosures|made|to|the|stock|exchanges|pursuant|to|
|Website Content Archival Policy|
|the Regulations are hosted on the website consistently|
|Code|of|Conduct|for|Board|and|Senior|To maintain standards of business conduct of the Company and ensure compliance with|
|Management|of|the|Company|Applicable Laws|
|44|

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Key policies & its focus areas

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Policy For Determining Material The objective of this policy is to ensure governance of the Company’s material
Subsidiaries subsidiary companies
The intent of this policy is to lay down procedure of Inquiry in case of leak or suspected
Leak of UPSI Policy leak of UPSI
Policy on Prevention of Sexual
To ensure prevention of sexual harassment at workplace
Harassment
Supplier Code Of Conduct To collaborate with the suppliers and ensure responsible and ethical business practices
To provide safe and healthy workplace across our operating locations, to our employees,
Occupational Health and Safety Policy
relevant stakeholders, and nearby communities to achieve our OH&S vision
The Policy on Responsible Advocacy specifies the following critical and necessary
Responsible Advocacy Policy
guidelines to be followed in all advocacy activities
The objective of this policy is establishing and improving cyber security preparedness
Cyber Security And Data Privacy Policy
and minimizing its exposure to associated risks to safeguard ACC assets
Claw Back Policy In The Event Of To safeguard the interest of all the stakeholders against possible misconduct by senior
Financial Restatement management employee(s)
To comply with laws against bribery and corruption and deal with bribery and corruption
Anti-Corruption & Anti-Bribery Policy
issues
This policy aims to establish a reference framework for integrating the protection and
Biodiversity Policy
promotion of biodiversity into the Business strategy
New policies introduced post acquisition 45
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Key policies & its focus areas

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This policy provides the guidelines to continuously optimize energy use to improve our
Energy Management Policy
sustainability performance
To ensure commitment to Environment, Social and Governance (ESG) principles and
ESG Policy
leverage the diversity and size of our Group to create sustained and scalable impact
To provide framework for demonstrating, evaluating and improving procurement,
Resource Conservation Policy
manufacturing, and supply chain resource efficiency
To ensure protection and conservation of water resources through prudent and
Water Stewardship Policy
effective water management practices and governance systems
To ensure upholding of fundamental human rights in line with the legitimate role of the
Human Rights Policy
business
To deliver value through equality and to nurture and promote human diversity across its
Policy on Diversity Equity and Inclusion
operations
Policy on Freedom of Association To collectively express, promote, pursue and/or defend common interests
To manage climate change risks across business operations and to developing
Climate Change Policy
strategies in line with global best practice
To engage openly and authentically with stakeholders to enhance cooperation and
Stakeholder Engagement policy
mutual support for a sustainable relationship
To provide framework for method to be followed while acquiring /sale of any assets from
RPT Policy - Acquiring And Sale Of Assets
related partiesmethod to be followed while acquiring / sale of any assets from related
parties.
New policies introduced post acquisition
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Accolades & Awards

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07

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Accolades & Awards

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‘India’s Most Trusted Cement Brand 2023’ by TRA Research

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Ranked amongst ‘India’s Top 50 Most Sustainable Companies’ Cross Sector by BW Businessworld

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Ranked amongst ‘India’s Top 3 Most Sustainable Companies’ in the Infrastructure and Engineering Sector’ by BW Businessworld

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Customer Fest Award, 2023 for ‘Most Innovative Loyalty Program’

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Digital Customer Experience Award 2023 for ‘Best Customer & Influencer Engagement’

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ICC Social Impact Award 2023

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Accolades & Awards

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Ranked No.2 as India’s Most Trusted Cement Brand 2023 by TRA Research

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Ranked amongst ‘India’s Top 50 Most Sustainable Companies’ Cross Sector by BW Businessworld

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Digital Customer Experience Award 2023 for ‘Best Customer & Influencer Engagement’

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Safety Award by the National Safety Council of India

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Outstanding Safety Performance Award at ‘Shramik Samman Samaroh’

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Disclaimer

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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.

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MR. CHARANJIT SINGH

Head - Investor Relations

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Charanjit.singh@adani.com

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50