UltraTech Cement Ltd — Investor Presentation 2021

Dec 2, 2021

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2[nd] December, 2021

BSE Limited The Manager Corporate Relationship Department Listing Department Phiroze Jeejeebhoy Towers, The National Stock Exchange of India Limited Dalal Street, “Exchange Plaza”, Bandra-Kurla Complex, Mumbai 400 001. Bandra (East), Mumbai 400 051. Scrip Code: 532538 Scrip Code: ULTRACEMCO

Dear Sirs,

Sub: Disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015

Intimation of Investor Meeting and Presentation

In terms of Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we write to inform you that the Company will be participating in “Jefferies India ESG Summit” virtual conference to be held on 3[rd] December, 2021.

Attached is a presentation which will be made at the Summit. The same is for your information and for uploading on the stock exchange website. The presentation will also be uploaded on the Company’s website www.ultratechcement.com.

The schedule may undergo change due to exigencies on part of the investor / Company.

This is for your information and records, please.

Thanking you, Yours faithfully, For UltraTech Cement Limited

Sanjeeb Kumar Chatterjee Company Secretary

Encl. a/a.

Luxembourg Stock Exchange Singapore Exchange BP 165 / L – 2011 Luxembourg 11 North Buona Vista Drive, Scrip Code: #06-07 The Metropolis Tower 2, US90403E1038 and Singapore 138589 US90403E2028 ISIN Code: US90403YAA73 and USY9048BAA18

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UltraTech Cement Limited

Registered Office : Ahura Centre, B – Wing, 2[nd] Floor, Mahakali Caves Road, Andheri (East), Mumbai 400 093, India T: +91 22 6691 7800 / 2926 7800 I F: +91 22 6692 8109 I W: www.ultratechcement.com/www.adityabirla.com I CIN : L26940MH2000PLC128420

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India’s Largest Cement Company

Scaling High on ESG

Stock code: BSE: 532538 | NSE: ULTRACEMCO | Reuters: UTCL.NS | Bloomberg: UTCEM IS/UTCEM LX

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01 02 03 03
Sustainability Environment Social Governance
snapshot
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G L O S S A R Y

MNT – Million Metric Tons , LMT – Lakh Metric Tons, MTPA – Million Tons Per Annum ,

MW – Mega Watts, Q1 – April-June, Q2 – July-September , Q3 – October-December , Q4 – January-March, ~~CY – Current Year period~~ ~~, LY – Corresponding period Last Year,~~ ~~FY – Financial Year (April-March)~~

Sustainability snapshot

TCFD[2] Disclosure

Climate change risks and opportunities aligned with TCFD guidelines

EP100

Part of the global EP100 initiative committed to double energy productivity

RE100

Commits to 100% renewable energy usage by 2050

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Launched India’s first sustainability-linked bonds

The first ever such bonds based on our sustainability targets performance

Committed and validated GHG intensity reduction target as per SBTi[1]

Target to reduce CO2 intensity by 27% by FY32 over FY17

Net zero concrete by 2050

Committed to the GCCA[3] 2050 Cement and Concrete Industry Roadmap for Net Zero Concrete

1 Science Based Targets initiative (SBTi) is a globally recognized body for creating a standardized methodology for setting emission reduction targets and benchmarking corporates working towards achieving Paris Agreement aligned goals, 2 Task Force for Climate Related Disclosure, 3 Global Cement and Concrete Association

3

Key Sustainability Metrics

CO 2 Reduction

Green Energy Mix

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FY19 FY20 FY21
5.9%
2.9%
2.4%
emission reduction % over FY17
2
CO
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FY19 FY20 FY21
13%
10%
7%
% to total power requirement
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Target:

Target:

• Reduction of 27% direct CO 2 intensity

• by FY32 over FY17

• Green mix to increase to 34% by FY24

• Waste Heat Recovery System (WHRS) capacity to increase to ~302 MW by FY24 from 137 MW currently

Water Positive

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FY19 FY20 FY21
3.96
times
2.61 2.81
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Target:

• 5 times water positive by FY23

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Biodiversity
Assessment
FY19 FY20 FY21
8
5
number of plants
3
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Target:

• To complete biodiversity assessment for all integrated units by FY24

• Direct CO2 intensity at 674 kg CO2/ mt of cementitious material in FY21 as compared to 716 kg CO2/ mt of cementitious material in FY17.

4

ESG performance score

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Dow Jones Sustainability Index

Achieved an overall score of 79 on a scale of 100; score has improvement by 11 points (Ranked 7[th] in the Construction material category)

MSCI Rating

Overall ESG score : 2.2 on a scale of 10

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An Equity Research firm in its “ESG Way” series

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UltraTech scored 72.7 on a scale of 100 and in 1[st] quartile in the sector

An Indian Credit Rating agency in its “ESG Gauge” compendium

UltraTech scored 61 on a scale of 100 and amongst the top quartile in the sector

5

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Net Zero Concrete by 2050

UltraTech Cement announced its commitment to the GCCA 2050 Cement and Concrete Industry Roadmap for Net Zero Concrete. We are fully committed to work together with our partners and stakeholders with the aim of achieving the Net Zero goal.

UltraTech joins RE100

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• Target to be 100 % renewable energy by 2050

• Contracted renewable energy capacity scaled up 2.5 times in the last two years

• On track to achieve a green energy mix of 34% by 2024

7

Raising the bar on climate disclosure

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Detailed study on four step
recommendations
Climate related risks and
opportunities assessment
(transitional and physical risks)
Scenario analysis conducted as
per TCFD recommendation
Scientific understanding of
climate change and risks
entailed
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8

Environment

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Mainstreaming circular business model

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Adopted
innovative
approaches to
build our efforts
on Circular
Economy
BUILDING
CIRCULAR
Circular BUSINESS Use of
approach industrial
promotes MODELS waste like
environmental zinc slag,
and economic phospho-
sustainability gypsum, red
mud etc.
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Alternative Raw Material (MnT)

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20
15.5 15
10.8
FY18 FY19 FY20 FY21
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• UltraTech is 2.2 times plastic positive (We burn plastic waste collected from the community in our kilns, which is more than twice the plastics used for packaging cement )

• Alternative fuel of 3.46 MnT and alternative raw material of 20.44 MnT recycled in our plants in FY21

• Partnership with other industries for using their waste such as bauxite residue, copper slag, zinc residue etc. as alternative raw material

10

Water positive strategy

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• 3.96 times water positive in FY21

More than 71 Mn m[3 ] of water harvested and recharged More than 14% of the water withdrawn is recycled and reused

Increased water replenishment by >125% over 4 years

Scored more than 1.85 on a scale of 2.0 under the Water, Sanitation and Hygiene programme by World Business Council for Sustainable Development (WBCSD)

• Target to be 5 times water positive by FY23

• Potential harvesting and recharge of 90 Mn m[3]

11

Engagement with our suppliers

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“Project Sahyog” is a supply chain sustainability initiative with a goal to achieve environmental and social sustainability across our supply chain through a collaborative and consultative approach.

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•
Continuing engagement with
suppliers
•
Learnings shared on supply chain
Capacity
building sustainability
•
Best practices on supply chain
sustainability
•
Reached out to critical suppliers
•
ESG Completed ESG assessment for
assessments of 75% of our critical suppliers
•
key suppliers Corrective action and guidance
provided
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12

Green initiative

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CNG – Go Live

• Switching to CNG based vehicles reduce CO2 emission by 14%

• First vehicle onboarded in Sep-21

• After successful roll-out, parallel roll-out started across the plants

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CO2 Emissions 132 Grams/ kilometer
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CO2 Emissions 113 Grams/ kilometer
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13

Social

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CSR at UltraTech

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People benefited:
1.6 million
Education
Education:
0.1 million children
Social
Healthcare
Change CSR at
Rural Health Camps:
UltraTech
Benefiting 0.2 million people
Villages Covered:
Infrastructure Sustainable
507
Development Livelihood
Program coverage:
16 States, 24 Districts, 39 Blocks
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CSR Spend in H1 FY22 : Rs 49 crs

15

Good Health and Well-being

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• Support to local communities on Covid 19; awareness camps, ambulance support, distribution of disinfectant material, masks, medicine kits etc.

• • Mobile health camps resumed in rural areas nearby plant locations

• • UltraTech-NGO-Government partnerships for malnutrition free villages

• • Nutritious food supplementation for malnourished children

• • Arranged 60 awareness camps and doctor visits

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16

Sustainable livelihood

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• Promote and strengthen income generation activities for women as alternative livelihood option

• Training in tailoring conducted for women

• Breed improvement program in collaboration with Bharatiya Agro Industries Foundation – Kovaya, Jaffrabad, Khor, Wanakbori and Hirmi

• Animal vaccination drive

• Support to farmers under Farmer Producer Organization Scheme along with NABARD

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17

Education support

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• Support to students from the underprivileged background for admission in Navodaya Vidyalaya or similar schools.

• Transforming lives of rural youth by vocational training

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18

Nature Conservation

• Small check dams were constructed to check runoff water and secure water for tribal farmers of remote locations

• Earthen bunds and pits in farmers fields and waste weir constructed nearby Rajashree Cement Works, Karnataka

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19

Safety strategy

Policy

Engagements

Knowledge and Awareness

Target

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• 'Zero Tolerance' policy and collaboration with vendors as per the company’s stringent safety parameters

• Occupational Health and Safety (OH&S) Board chaired by the Managing Director

• Endeavor to utilize evolving technologies

• Application of video and data analytics for real time intervention and improvements, AI based safety chatbot

• Zero Harm target for Safety

20

Governance

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Board Structure and Compliance

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Shareholders
Independent Directors 50%
Board of Directors
Nomination,
Stakeholders Woman Directors 30%
Remuneration and Audit
Relationship
Compensation
BoardAttendance >90%
Risk Management Corporate Social
Finance
and Sustainability Responsibility
Executive Management CommitteeAttendance >90%
Organization
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Policies governing our business

1. Sustainability Policy

2. Code of Conduct

3. TaxPolicy

4. Policy on Related Party Transaction

5. Whistleblower Policy

6. CSR Policy

7. Board Diversity Policy

8. Dividend Distribution Policy

9. Internal AuditCharter

10. Anti-Corruption and Bribery policy

11. Anti-Harassment and discrimination policy

12. Supplier Code of Conduct

13. Human Rights Policy

14. Safety Policy

15. Occupational Health Policy

16. Energy and Carbon Policy

17. Water Stewardship Policy

18. Biodiversity Policy

19. Stakeholder Engagement Policy

20. Cyber security policy

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Disclaimer

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Statements in this ‘presentation’ describing the Company’s objectives, estimates, expectations or predictions may be “forward looking statements” within the meaning of applicable securities laws and regulations. Actual results could differ materially from those expressed or implied. Important factors that could make difference to the Company’s operations include global and Indian demand supply conditions, finished goods prices, feedstock availability and prices, cyclical demand and pricing in the Company’s principal markets, changes in governmental regulations, tax regimes, economic developments within India and the countries within which the Company conducts business and other factors such as litigation and labour negotiations. The Company assumes no responsibility to publicly amend, modify or revise any forward-looking statement, due to any subsequent development, information or events, or otherwise.

UltraTech Cement Limited

Regd. Office: Ahura Centre, Mahakali Caves Road, Andheri (E), Mumbai – 400 093 [Corporate Identity Number L26940MH2000PLC128420]

www.ultratechcement.com or www.adityabirla.com investorrelations.utcl@adityabirla.com