Slides
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ADANI GROUP PROFILE ADANI CEMENT OVERVIEW PERFORMANCE HIGHLIGHTS ESG UPDATE ACCOLADES & AWARDS ABBREVIATIONS 1 Operational & Financial Highlights For the Quarter Ended December 31, 2024
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ADANI GROUP PROFILE AMBUJA CEMENT OVERVIEW PERFORMANCE HIGHLIGHTS ESG UPDATE ACCOLADES & AWARDS ABBREVIATIONS 2 Performance at a glance Q3 FY’25 MnT 2.4 (+17%) R 1,200 (+15%) R (20) (-1%) 1,732 1,712 Q3FY24 Q3FY25 R 1,529 (+140%) 1,091 2,620 Q3 FY24 Q3 FY25 Ambuja Cement consolidated 8,129 9,329 Q3 FY24 Q3 FY25 14.1 16.5 Q3 FY24 Q3 FY25 VOLUME REVENUE EBITDA PAT (in MnT CLC) (in R Cr) (Excluding other income, in R Cr) (in R Cr) Highest ever Quarterly Cement Sales Volume 2
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ADANI GROUP PROFILE AMBUJA CEMENT OVERVIEW PERFORMANCE HIGHLIGHTS ESG UPDATE ACCOLADES & AWARDS ABBREVIATIONS 3 Performance at a glance 9M FY’25 MnT 4.0 (+9%) R 890 (+4%) R (598) (-13%) 4,701 4,103 9M FY24 9M FY25 R 663 (+21%) 3,213 3,876 9M FY24 9M FY25 Ambuja Cement consolidated 24,266 25,156 9M FY24 9M FY25 42.6 46.6 9M FY24 9M FY25 VOLUME EBITDA PAT (in MnT CLC) (Excluding other income, in R Cr) (in R Cr) 3 REVENUE (in R Cr) Highest ever 9M Cement Sales Volumes
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ADANI GROUP PROFILE AMBUJA CEMENT OVERVIEW PERFORMANCE HIGHLIGHTS ESG UPDATE ACCOLADES & AWARDS ABBREVIATIONS 4 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 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 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 Market Leadership Iconic brands with outstanding Brand Equity 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 Builders of Progress in India 4 * * includes 8.5 MTPA capacity of Orient Cement Capacity enhancement by 33% (22 MTPA) since acquisition of Ambuja in Sept’22 (Details in slide no. 26)
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5 Contents Adani Group Profile 1 2 3 4 6 5 Ambuja Cement Overview ESG Updates Performance Highlights Abbreviation Accolades and Awards 16 40 42 6 10 30
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ADANI GROUP PROFILE ADANI CEMENT OVERVIEW PERFORMANCE HIGHLIGHTS ESG UPDATE ACCOLADES & AWARDS ABBREVIATIONS 6 Adani Group Profile01
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ADANI GROUP PROFILE AMBUJA CEMENT OVERVIEW PERFORMANCE HIGHLIGHTS ESG UPDATE ACCOLADES & AWARDS ABBREVIATIONS 7 Adani: A World Class Infrastructure & Utility Portfolio 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 thJan’ 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 . (%): Adani Family equity stake in Adani Portfolio companies (%): AEL equity stake in its subsidiaries A multi-decade story of high growth centered around infrastructure & utility core AGEL Renewables AESL T&D ATGL2 Gas Discom APL IPP APSEZ Ports & Logistics NQXT1 (60.94%) (69.94%) (37.40%) (74.96%) (65.89%) (100%) ANIL New Industries AdaniConneX3 Data Centre (100%) (50.00%) AAHL Airports ARTL Roads (100%) (100%) Energy & Utility Transport & Logistics AWL6 Food FMCG ADL Digital (100%) (43.94%) NDTV (64.71%) Materials, Metal & Mining Cement4 (67.53%) Primary Industry Direct to consumer Emerging B2C AEL (73.97%) Incubator Flagship Copper, Aluminum Mining Services & Commercial Mining (100%) (100%) PVC (100%) Specialist Manufacturing5 (100%) Listed cos Direct Consumer Infrastructure & Utility Core Portfolio
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ADANI GROUP PROFILE AMBUJA CEMENT OVERVIEW PERFORMANCE HIGHLIGHTS ESG UPDATE ACCOLADES & AWARDS ABBREVIATIONS 8 Secular growth with world leading efficiency 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 National footprint with deep coverage Growth EBITDA 4x 6 92% 1,3,4 Growth EBITDA 3x 6 71% 1,2,3 Growth EBITDA 1.4x 6 24% 1,3 Growth EBITDA 3x 6 91% 1,2,3,5 AEL Adani Cement APSEZ AESL APL ATGL AGEL Adani’s Core Infra. Platform – 350 Mn Userbase Adani Portfolio: Decades long track record of industry best growth with national footprint
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ADANI GROUP PROFILE AMBUJA CEMENT OVERVIEW PERFORMANCE HIGHLIGHTS ESG UPDATE ACCOLADES & AWARDS ABBREVIATIONS 9 Adani Portfolio: Repeatable, robust & proven transformative model of investment PERFORMANCE 55%31% 14% 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. ACTIVITY CONSUMERS • Delivering exceptional products & services for elevated engagement • Differentiated and many P&Ls Inspired Purpose & Value Creation New C.E.O. Consumer I Employees I Other Stakeholders OPERATIONS • Life cycle O&M planning • Asset Management plan Operation Operations (AIMSL) 1 DEVELOPMENT • Site acquisition • Concessions & regulatory agreements • Engineering & design • Sourcing & quality Site Development Construction Adani Infra (India) Limited (AIIL) Origination • Analysis & market intelligence • Viability analysis India’s Largest Commercial Port (at Mundra) Longest Private HVDC Line in Asia (Mundra - Mohindergarh) World’s largest Renewable Cluster (at Khavda) CAPITAL MANAGEMENT Strategic value Mapping Investment Case Development Growth Capital – Platform Infrastructure Financing Framework Duration Risk Matching Risk Management – Rate & Currency Governance & Assurance Diversified Source of Capital March 2016 6% 13% 19% 1%28% 2% 31% March 2024 PSU Banks Pvt. Banks Bonds DII Global Int. Banks Capex LC NBFCs & FIs Energy Network Operation Center (ENOC) Policy, Strategy & Risk Framework Human Capital Development • Leadership Development Initiatives • Investment in Human Capital AI enabled Digital Transformation • Power Utility Business - ENOC • City Gas Distribution - SOUL • Transportation Business - AOCC Continued Focus & Investment ENABLER Adani’s Core Infra. Platform – 350 Mn Userbase Long Term Debt
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ADANI GROUP PROFILE ADANI CEMENT OVERVIEW PERFORMANCE HIGHLIGHTS ESG UPDATE ACCOLADES & AWARDS ABBREVIATIONS 10 02 Ambuja Cement - Overview
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ADANI GROUP PROFILE AMBUJA CEMENT OVERVIEW PERFORMANCE HIGHLIGHTS ESG UPDATE ACCOLADES & AWARDS 11 ABBREVIATIONS Advantage - Group Synergy 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 Logistics Distribution cost can be further optimized with group company’s expertise in all modes of logistics & port operations Project Execution Leveraging Group’s expertise in projects execution & cost negotiation benefits Power & Renewables Group’s leadership & expertise in Thermal power plant operations and renewable energy to optimize power cost People With diversified operations of Group, this will also enable optimization of resources with right talent at right place, training & development GCC services / Digital Infra Leverage shared services vertical of the group, along with digital infra (IT) Coal Use group’s leadership & expertise in procuring coal and mining operations Realty Group land bank; Group Cement/Concrete requirement (Dharavi, Navi Mumbai Airport, Ganga expressway), EPC business SportsLine Branding and Marketing
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ADANI GROUP PROFILE AMBUJA CEMENT OVERVIEW PERFORMANCE HIGHLIGHTS ESG UPDATE ACCOLADES & AWARDS 12 ABBREVIATIONS Pick up in Infrastructure and Housing spend to drive Cement Demand 10% - 14% 11% - 15% Housing Infrastructure Cement Demand Segments (% share) Commercial Housing continue to remain as healthy recipient of total Capex spend − Govt. of India’s promotional scheme for rural housing to push demand − 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 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 sectors1 in the Union Budget has increased 6% for FY 2025 − 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 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% 24%-25% 62%-65% FY’24 11%-15% 25%-27% 60%-62% FY’28 Commercial Infrastructure Housing 1 - Roads, railways, rural development, urban development, ports and airports PLI – Performance-linked incentive
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ADANI GROUP PROFILE AMBUJA CEMENT OVERVIEW PERFORMANCE HIGHLIGHTS ESG UPDATE ACCOLADES & AWARDS 13 ABBREVIATIONS Cement Demand - Strong Correlation with GDP; High growth expected Northern Zone : 25% Central Zone : 8% Western Zone : 25% Southern Zone : 23% Eastern Zone : 19% * Capacity share as on 31st December 2024 excluding Orient Cement Demand growth @ CAGR of 7% Supply growth @ CAGR of 6-7% FY 2024 FY 2028f Supply Demand Adani Cement Geographical Spread (Capacity Share*) 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 Cement Industry – 2nd 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, 1/6th of China – Adani Cement is amongst top 10 Cement players in the world and has visible plan to reach 140 MTPA by FY’28 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 551 753 422 542 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
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ADANI GROUP PROFILE AMBUJA CEMENT OVERVIEW PERFORMANCE HIGHLIGHTS ESG UPDATE ACCOLADES & AWARDS ABBREVIATIONS 14 Presence in 31 states & union territories and 635+ districts (~79%) For the Quarter Ended December 31, 2024 89 MTPA Cement Capacity 22 Integrated Units 82% Share of Blended Cement 8.1% Thermal Substitution Rate 1,08,000+ Channel partners across India 64.1% Clinker Factor 11 Captive Ships 100 Ready-Mix Concrete plants 10 Bulk Cement Terminals 21 Grinding Units * With acquisition of Orient cements (8.5 MTPA) capacity will go up to 97 MTPA, 104 MTPA by Mar’25, 118 MTPA by FY’26 and 140 MTPA by FY’28 ACC Integrated Plants Grinding Units Bulk Terminal Blending unit Sanghi Ambuja Dahej Rabriyawas Marwar Mundwa Maratha cement works Darla / Suli Bhatapara Ropar Bhatinda Roorkee Dadri Nalagarh Sankrail Farakka Surat Lakheri Gagal Ametha Kymore Jamul Chaibasa Bargarh Wadi Chanda Tikaria Sindri Damodhar Madukkarai Kudithini Thondebhavi Vizag Dahej BCCI Mangalore Cochin Muldwarka Ambujanagar Panvel Navalakhi Sanghi Asian NalagarhRajpura Tuticorin Penna Patas Tandur Ganeshpahad Boyareddypalli Talaricheruvu Krishnapatnam Karaikal Gopalpur Kolkata $ $ National presence (% coverage of total districts in India) as on 31.12.2024 *
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ADANI GROUP PROFILE AMBUJA CEMENT OVERVIEW PERFORMANCE HIGHLIGHTS ESG UPDATE ACCOLADES & AWARDS ABBREVIATIONS 15 Iconic brands with cumulative 120+ years history that shaped the industry Heritage India‘s 1st Cement Company, Inter-generational legacy pioneered product development Strength Pioneered brand building & technical services Market leaders with Virat Compressive Strength High Patronage Higher contribution from Trade segment Ambuja + ACC 71% Share of Premium Products 26% of Trade Volume IHB Contractors Professionals Dealers Trade Cement Share Institutional Clients
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ADANI GROUP PROFILE ADANI CEMENT OVERVIEW PERFORMANCE HIGHLIGHTS ESG UPDATE ACCOLADES & AWARDS ABBREVIATIONS 16 Performance Highlights03
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ADANI GROUP PROFILE AMBUJA CEMENT OVERVIEW PERFORMANCE HIGHLIGHTS ESG UPDATE ACCOLADES & AWARDS ABBREVIATIONS 17 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 SBTi • 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) SBTi : Science Based Target Initiatives
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ADANI GROUP PROFILE AMBUJA CEMENT OVERVIEW PERFORMANCE HIGHLIGHTS ESG UPDATE ACCOLADES & AWARDS ABBREVIATIONS 18 Financial results (for the Quarter) $ Particulars UoM Ambuja Consolidated Ambuja Standalone ACC Standalone 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. $ $ Including Reversal of Income tax provision of earlier years Rs. 829 Cr against which favorable order has been received # # Includes Rs 1,110 Cr for interest received and interest provision reversal for which no appeals are pending before authorities
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ADANI GROUP PROFILE AMBUJA CEMENT OVERVIEW PERFORMANCE HIGHLIGHTS ESG UPDATE ACCOLADES & AWARDS ABBREVIATIONS 19 Ambuja Cement (Consolidated) Cement Business (% Change YoY) 273 247 245 Dec-23 Sep-24 Dec-24 14.1 14.2 16.5 Dec-23 Sep-24 Dec-24 1,701 1,074 1,666 Dec-23 Sep-24 Dec-24 1,225 780 1,038 Dec-23 Sep-24 Dec-24 17% 2% 15% SALES VOLUME - CLC (MnT) NSP (₹/Bag Cement) EBITDA (Excl. RMX & Other Income) (₹ Cr & Margin) EBITDA (Incl. RMX) (Excl. Other Income) (₹ /ton) 21.7% 14.9% %18.5% 10% − 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 − 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 Cost leadership journey coupled with operational excellence & volume growth will be yielding higher profitability and improvement in margins
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ADANI GROUP PROFILE AMBUJA CEMENT OVERVIEW PERFORMANCE HIGHLIGHTS ESG UPDATE ACCOLADES & AWARDS ABBREVIATIONS 20 Ambuja Cement (Consolidated) Cement Business (% Change YoY) 1,353 1,273 1,260 Dec-23 Sep-24 Dec-24 7% 741 767 732 Dec-23 Sep-24 Dec-24 627 669 787 Dec-23 Sep-24 Dec-24 RAW MATERIAL (₹/ton) POWER AND FUEL (₹/ton) FREIGHT AND FORWARDING (₹/ton) OTHER EXPENSES (₹ /ton) 1% 26% 1,297 1,281 1,228 Dec-23 Sep-24 Dec-24 5% 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, – Long term arrangements for Fly Ash – Railway handling for Fly Ash – BCFC rakes Will drive the costs further down in coming quarters Power and Fuel costs have been reducing consistently with strong actions on i) increasing share of green power ii) maximization of Captive coal share iii) Increase AFR consumption This has resulted in - Reduced Kiln fuel cost (Rs 1.84 to 1.66/000 kCal) - Higher Green power share by 5.7 pp (from 15.8% to 21.5%) With initiatives taken to optimize the resources and simplify business operations, these costs will reduce in upcoming quarters, viz. − Global Capability Center rolled out − Strong focus on Digitization and automation of process − Unified & simple business process − Capex/Opex initiatives taken for the improvement of all operational efficiency parameters Cost has gone up mainly on account of higher Brand promotion expenses Freight and Forwarding costs are on downward trends and this reduction journey expected to continue driven by various initiatives mainly, – Increase share of Sea transport (Target to reach 10% by FY’28) – Automation and Digitization – Wheeler rationalization resulting in lower freight cost – Improve Direct dispatches – Re-negotiations of freight and handling rates
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ADANI GROUP PROFILE AMBUJA CEMENT OVERVIEW PERFORMANCE HIGHLIGHTS ESG UPDATE ACCOLADES & AWARDS ABBREVIATIONS 21 Ambuja Cement (Standalone) Cement Business (% Change YoY) 271 233 238 Dec-23 Sep-24 Dec-24 8.2 8.7 10.1 Dec-23 Sep-24 Dec-24 851 681 601 Dec-23 Sep-24 Dec-24 1,043 784 595 Dec-23 Sep-24 Dec-24 24% 12% 29% 43% SALES VOLUME - CLC (MnT) NSP (₹/Bag Cement) EBITDA (Excl. RMX & Other Income) (₹ Cr & Margin) EBITDA (Excl. Other Income) (₹/ton) 19.2% 16.2% 11.9% 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, • Technical services programs resulting in expansion of ground network • Continuous engagement with influencers • Improve premium products share • Focused branding and promotional activity 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
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ADANI GROUP PROFILE AMBUJA CEMENT OVERVIEW PERFORMANCE HIGHLIGHTS ESG UPDATE ACCOLADES & AWARDS ABBREVIATIONS 22 Ambuja Cement (Standalone) Cement Business (% Change YoY) 557 593 748 Dec-23 Sep-24 Dec-24 1,051 925 858 Dec-23 Sep-24 Dec-24 1,119 1,004 955 Dec-23 Sep-24 Dec-24 594 502 631 Dec-23 Sep-24 Dec-24 34% 18% 15% 6% RAW MATERIAL (₹/ton) POWER AND FUEL (₹/ton) FREIGHT AND FORWARDING (₹/ton) OTHER EXPENSES (₹/ton) * 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 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 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)
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ADANI GROUP PROFILE AMBUJA CEMENT OVERVIEW PERFORMANCE HIGHLIGHTS ESG UPDATE ACCOLADES & AWARDS ABBREVIATIONS 23 ACC (Consolidated) Cement Business (% Change YoY) 259 231 227 Dec-23 Sep-24 Dec-24 8.9 9.3 10.7 Dec-23 Sep-24 Dec-24 874 399 1,070 Dec-23 Sep-24 Dec-24 982 428 995 Dec-23 Sep-24 Dec-24 21% 12% 22% 1% SALES VOLUME - CLC (MnT) EBITDA (Excl. Other Income) (₹ Cr & Margin) EBITDA (Excl. Other Income) (₹ /ton) 18.8% 9.2% 19.1% − Active engagement of Technical support team with influencers has resulted in expansion of ground network and pushing the trade sales volume up. − 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 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 NSP (₹/Bag Cement)
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ADANI GROUP PROFILE AMBUJA CEMENT OVERVIEW PERFORMANCE HIGHLIGHTS ESG UPDATE ACCOLADES & AWARDS ABBREVIATIONS 24 ACC (Consolidated) Cement Business (% Change YoY) 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% 714 801 760 Dec-23 Sep-24 Dec-24 1,136 837 790 Dec-23 Sep-24 Dec-24 1,034 1,000 939 Dec-23 Sep-24 Dec-24 500 483 479 Dec-23 Sep-24 Sep-24 RAW MATERIAL (₹/ton) POWER AND FUEL (₹/ton) FREIGHT AND FORWARDING (₹/ton) OTHER EXPENSES (₹ /ton) 6% 30% 9% 4% 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 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 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
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ADANI GROUP PROFILE AMBUJA CEMENT OVERVIEW PERFORMANCE HIGHLIGHTS ESG UPDATE ACCOLADES & AWARDS ABBREVIATIONS 25 Capex updates
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ADANI GROUP PROFILE AMBUJA CEMENT OVERVIEW PERFORMANCE HIGHLIGHTS ESG UPDATE ACCOLADES & AWARDS ABBREVIATIONS 26 ADANI GROUP PROFILE AMBUJA CEMENT OVERVIEW PERFORMANCE HIGHLIGHTS ESG UPDATE ACCOLADES & AWARDS ABBREVIATIONS 26 • Standardized Grinding Unit of 2.4 MTPA for one mill (~7,200 TPD) (PPC basis) • Standardized Clinkering Unit of 4 MPTA for one Kiln (~12,000 TPD) 26 Cement * Expansion Project Capacity (MTPA) Expected completion Status Update Clinker Cement Bhatapara Line 3 (CU) 4.0 - Q4 FY'25 • Advance stages of completion and commissioning Sankrail (GU) - 2.4 Q4 FY'25 Farakka (GU) - 2.4 Q4 FY’25 (Phase I) 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 • Ongoing Civil work, major equipments expected soon to be received at the site Marwar (GU) - 2.4 Q2 FY'26 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) 3.0 2.0 Q3 FY’26 • Major equipments received at site, Civil work substantially completedKrishnapatnam Penna (GU) - 2.0 Q3 FY'26 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 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 Roadmap to 140 MTPA - 97* at present, 104 by FY’25, 118 by FY’26 and 140 MTPA by FY’28 * includes 8.5 MTPA capacity of Orient Cement
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ADANI GROUP PROFILE AMBUJA CEMENT OVERVIEW PERFORMANCE HIGHLIGHTS ESG UPDATE ACCOLADES & AWARDS ABBREVIATIONS 27 ADANI GROUP PROFILE AMBUJA CEMENT OVERVIEW PERFORMANCE HIGHLIGHTS ESG UPDATE ACCOLADES & AWARDS ABBREVIATIONS 68 77 97 104 140 1 6 1 2 2 10 9 6 15 21 Projects Under advanced stage of execution Ambuja’s Consolidated operating Capacity post Penna & Orient acquisition Orient Cement Penna Cement (Operational) My Home Ind Apr’24 Ambuja’s consolidated Capacity as of FY 2024 Asian Cement and Concrete Jan’24 Dahej Jul’23 Sanghi Ind Ltd. Dec’23 Ametha Dec’23 Ambuja’s Consolidated operating Capacity as at Mar’25 Brownfield expansions (at various stages) Strategic Roadmap Ready Consolidated Capacity end of FY 2028 Ambuja’s Consolidated Operating Capacity Sep’22 (time of acquisition) $ Ambuja/ACC have long term purchase agreement with Dahej plant of Ambuja Cement Industries Ltd., 100% subsidiary of Adani Cementation limited * Includes under construction Penna cement plants / RTE(Right to Execute) of Orient and other projects This lays a clear roadmap to achieve targeted capacity of 140 MTPA before FY’28 Substantial Capex programs for Capacity expansion are Brownfield Projects * $
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ADANI GROUP PROFILE AMBUJA CEMENT OVERVIEW PERFORMANCE HIGHLIGHTS ESG UPDATE ACCOLADES & AWARDS ABBREVIATIONS 28 Adani Cement – Capacity Enhancement Enablers Cement Capacity (MTPA) 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 of limestone reserves by 2030 3. Raw Material: ~40% of Fly Ash requirement under long term arrangement (will increase to 50%+ by 2028) 4. Enterprise Risk Management: Better enterprise risk management, 65% of total cost of cement has synergies with group or where Group is market leader 5. Project Execution: Strong project execution framework to ensure capacity is met with efficient design and optimized Capex/MT 6. Ground Network: Ground network (~1,08,000+ channel partners), stronger brand equity will facilitate improved volumes and margins 7. Strong Balance Sheet: Ambuja continues to remain debt free with net worth of Rs. 62,535 Cr, cash and cash equivalents of Rs. 8,755 Cr and Crisil AAA (stable) / A1+ credit rating maintained. Adani Cement business will implement its accelerated capex program through internal accruals. Business will continue to remain debt free 67.5 77 89 97 104 140 Sept'22 FY'24 Oct'24 Oct'24 FY'25 FY'28 With Orient Cements 16%
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ADANI GROUP PROFILE AMBUJA CEMENT OVERVIEW PERFORMANCE HIGHLIGHTS ESG UPDATE ACCOLADES & AWARDS ABBREVIATIONS 29 Ambuja Cement (consolidated): Cash & Cash Equivalents position Cash & Cash Equivalent for the last Seven quarters 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 Cash & Cash Equivalent for the last Seven quarters Under Holcim Under Adani Family 8,142 7,488 7,267 9,454 11,530 11,886 11,721 8,591 15,999 18,299 10,135 8,755 Jun-22 15th Sep’22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Under Holcim Under Adani Dec-23 Mar-24 Jun-24 62,53532,448 $ Net worth in Cr *Including orient cement this will go up to 97 MTPA Sep-24 Penna Acq. 7,835 Cr Sanghi Acq. 3,485 Cr $ $ Dec-24
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ADANI GROUP PROFILE AMBUJA CEMENT OVERVIEW PERFORMANCE HIGHLIGHTS ESG UPDATE ACCOLADES & AWARDS ABBREVIATIONS 30 04 ESG Overview
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ADANI GROUP PROFILE AMBUJA CEMENT OVERVIEW PERFORMANCE HIGHLIGHTS ESG UPDATE ACCOLADES & AWARDS ABBREVIATIONS 31 Adani Cement: Stakeholder value creation Governance Environmental Society − 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 − 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. • Enhanced Governance - In addition to the statutory committees, there are 7 additional committees/sub-committees represented by independent directors 1. Legal, Regulatory & Tax Committee 2. Corporate Responsibility Committee 3. Public Consumer Committee 4. Information Technology and Data Security Committee 5. Mergers and Acquisitions Committee 6. Commodity Price Risk Committee 7. Reputation Risk Committee
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32 ADANI GROUP PROFILE ADANI CEMENT OVERVIEW PERFORMANCE HIGHLIGHTS ESG UPDATE ACCOLADES & AWARDS ESG Framework Adani Group Vision & ESG Framework Policies Guiding principle Commitment Assurance ESG To be a world class leader in businesses that enrich lives and contribute to nations in building infrastructure through sustainable value creation. Our ESG Ambition • Net Zero • Waste to Resource • Water Positive • Biodiversity Positive • Zero Harm • Engaged Communities • Zero Non-Compliance ESG Reporting Framework ESG Rating Agencies We are aligned with above ESG Reporting Frameworks & rated by these Rating Agencies Vision
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ADANI GROUP PROFILE AMBUJA CEMENT OVERVIEW PERFORMANCE HIGHLIGHTS ESG UPDATE ACCOLADES & AWARDS ABBREVIATIONS 33 ADANI GROUP PROFILE AMBUJA CEMENT OVERVIEW PERFORMANCE HIGHLIGHTS ESG UPDATE ACCOLADES & AWARDS ABBREVIATIONS ESG Ratings Sustainalytics CDP - WS MSCI CDP - CC DJSI(2023) 66 A- B B 28.5 Medium risk 21.8 Medium risk BB - RATING AGENCIES AMBUJA ACC 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 A- 67
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ADANI GROUP PROFILE AMBUJA CEMENT OVERVIEW PERFORMANCE HIGHLIGHTS ESG UPDATE ACCOLADES & AWARDS ABBREVIATIONS 34 34 ADANI GROUP PROFILE AMBUJA CEMENT OVERVIEW PERFORMANCE HIGHLIGHTS ESG UPDATE ACCOLADES & AWARDS ABBREVIATIONS 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 emissions - Kg/T) Climate & Energy (Green Power) 453 512 400 471 60% 27.3% 60% 18.5% 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 2.4 Million 4.9 Million till FY 24 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 1.4 till FY 24 5.9 4.9 till FY 24 2.4 Million 4.9 Million till FY 24 People & Community (beneficiaries – million) 3.5 3.3 till FY 24 3.5 1.45 till FY 24
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ADANI GROUP PROFILE AMBUJA CEMENT OVERVIEW PERFORMANCE HIGHLIGHTS ESG UPDATE ACCOLADES & AWARDS ABBREVIATIONS 35 Corporate Social Responsibility
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ADANI GROUP PROFILE AMBUJA CEMENT OVERVIEW PERFORMANCE HIGHLIGHTS ESG UPDATE ACCOLADES & AWARDS ABBREVIATIONS 36 Corporate Social Responsibility (Ambuja Consolidated) Quality Healthcare Livelihoods Water Resource Management ➢ 35,073 trainings on agricultural activities and 434 trainings on agri allied activities across 16 Ambuja locations ➢ 68,320 Tonne Biomass supplied to Ambuja ➢ 4,551 Youth Trained under SEDI ➢ 157 newly SHGs formed ➢ SEDI Centre relocated to Bathinda to cater to more students ➢ New course launched in AI-Data Science in SEDI Darlaghat and Nalagarh ➢ 294 RRWHS constructed ➢ 462 Awareness camps on water resource management ➢ 2031 Hectares covered under Micro irrigation ➢ 93,843 truckers and allied population reached through health activities ➢ 20,317 beneficiaries screened under NCD program ➢ 1,038 Awareness sessions on WASH in schools ➢ New Community Clinic launched in Kashyaloo, Darlaghat SEDI – Skill and Entrepreneurship Development Institute SHG – Small Help Groups RRWHS – Rain Water Harvesting System MHM – Menstrual Hygiene Management WASH - Water, Sanitation, and Hygiene
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ADANI GROUP PROFILE AMBUJA CEMENT OVERVIEW PERFORMANCE HIGHLIGHTS ESG UPDATE ACCOLADES & AWARDS ABBREVIATIONS 37 Corporate Social Responsibility (Ambuja Consolidated) Achievements Partnerships ➢ 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 ➢ 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 SEDI – Skill and Entrepreneurship Development Institute NABARD - National Bank for Agriculture and Rural Development
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ADANI GROUP PROFILE AMBUJA CEMENT OVERVIEW PERFORMANCE HIGHLIGHTS ESG UPDATE ACCOLADES & AWARDS ABBREVIATIONS 38 Board & Committee Structure * * 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) Nomination & Remuneration Committee Statutory Committees Governance Committees CSR Committee Stakeholder Relationship Committee Corporate Responsibility Committee Public Consumer Committee Reputation Risk Committee Commodity Price Risk Committee Legal, Regulatory & Tax Committee M&A Committee Info.Tech & Data Security Committee Audit Committee Risk Mgt. Committee Meeting Frequency: Quarterly Half Yearly As and when Composition: 100% Independent 75% Independent 50% Independent Key committees like Audit, NRC, CRC & Public Consumer Committee comprise of 100% independent directors Board of Directors
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ADANI GROUP PROFILE AMBUJA CEMENT OVERVIEW PERFORMANCE HIGHLIGHTS ESG UPDATE ACCOLADES & AWARDS ABBREVIATIONS 39 39 ADANI GROUP PROFILE AMBUJA CEMENT OVERVIEW PERFORMANCE HIGHLIGHTS ESG UPDATE ACCOLADES & AWARDS ABBREVIATIONS Quick links (From Ambuja & ACC websites) Particulars Ambuja ACC Policy Framework Link Link Sustainability Report (FY’24) Link Link Integrated Annual Report (FY’24) Link Link Digital BRSR Link Link ESG Profile Link Link Tax Transparency Report * Link Link * Contribution towards economic development & sustainability Rs 13,361 Cr (FY’23)
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ADANI GROUP PROFILE AMBUJA CEMENT OVERVIEW PERFORMANCE HIGHLIGHTS ESG UPDATE ACCOLADES & AWARDS ABBREVIATIONS 40 05 Accolades & Awards
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ADANI GROUP PROFILE AMBUJA CEMENT OVERVIEW PERFORMANCE HIGHLIGHTS ESG UPDATE ACCOLADES & AWARDS ABBREVIATIONS 41 Accolades & Awards Ambuja Cements' Marwar Mundwa and Darlaghat Sites receives the IconSWM-CE Excellence Award 2024 for excellence in co-processing and AFR. Ambuja Cements clinches Gold at the Arogya World Healthy Workplace Awards 2024 Ambuja Cements receives the prestigious CII SCALE Award 2024 for Excellence in Logistics 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 01 02 03 04 01 02 03 04
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ADANI GROUP PROFILE AMBUJA CEMENT OVERVIEW PERFORMANCE HIGHLIGHTS ESG UPDATE ACCOLADES & AWARDS ABBREVIATIONS 42 06 Abbreviations
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ADANI GROUP PROFILE AMBUJA CEMENT OVERVIEW PERFORMANCE HIGHLIGHTS ESG UPDATE ACCOLADES & AWARDS ABBREVIATIONS 43 Abbreviations ATGL Adani Total Gas Ltd AEL Adani Enterprises Limited APSEZ Adani Ports and Special Economic Zone Limited AESL Adani Energy Solutions Limited 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 Limited NDTV New Delhi Television Ltd AIMSL Adani Infra Mgt Services Pvt Ltd OCL Orient Cement Limited GDP Gross Domestic Product MSCI Morgan Stanley Capital International NABARD National Bank For Agriculture And Rural Development LC Letter of Credit RRWHS SBTi Rainwater Harvesting System Science Based Targets initiatives SD Sustainable Development CSR Corporate Social Responsibility CII Confederation of Indian Industry MnT. CLC Million Tonne Clinker and Cement PLI Production Linked Incentive TCO Total Cost Basis AFR Alternate Fuels and Raw Material WHRS Waste Heat Recovery System MTPA Million Tonne Per Annum BCT Bulk Cement Terminal IHB Individual Home Builder GU Grinding Unit EC Environment Clearance CTE Consent to Establish O&M Operations & Maintenance PSU Public Sector Undertaking NBFC GCCA Non-Banking Financial Company Global Cement Concrete Association ESG Environmental, Social & Governance B2C Business to Consumer SEDI Skill and Entrepreneurship Development Institute SHG Self Help Group TSR Thermal Substitution Rate OPC Ordinary Portland Cement AMRL ACC Mineral Resources Limited ENOC Energy Network Operation Centre FI Financial Institution RMX Ready- Mix Concrete BCCI Bulk Container Corporation of India IHB Individual Home Buyer UoM Unit of Measurement PMT Per Metric Tonne KPI Key Performance Indicators LOI Letter of Intent GCC Global Capability Centre EPC CU Engineering, Procurement and Construction Clinkerization Unit DJSI Dow Jones Sustainability Index CDP-CC CDP Climate Change CDP-WS CDP Water Security UN SDG United Nations Sustainable Development Goals BCFC Bottom Discharge Wagon WASH Water, Sanitation & Hygiene MHM Menstrual Hygiene Management NRC Nomination and Renumeration Committee CRC Corporate Responsibility Committee
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ADANI GROUP PROFILE AMBUJA CEMENT OVERVIEW PERFORMANCE HIGHLIGHTS ESG UPDATE ACCOLADES & AWARDS ABBREVIATIONS 44 Details of Q3 FY’25 Earnings call Management Representation ▪ Mr. Ajay Kapur - Chief Executive Officer ▪ Mr. Vinod Bahety - Chief Financial Officer Details of the conference call 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 Time: 2:00 PM IST on Wednesday, January 29, 2025
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45 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’sshares. Neither this presentation nor any other documentation or information (or any part thereof) delivered or supplied under or in relation to the shares shall be deemed to constitute an offer of or an invitation by or on behalf of Ambuja. Ambuja, as such, makes no representation or warranty, express or implied, as to, and does not accept any responsibility or liability with respect to, the fairness, accuracy, completeness or correctness of any information or opinions contained herein . The information contained in this presentation, unless otherwise specified is only current as of the date of this presentation . Ambuja assumes no responsibility to publicly amend, modify or revise any forward -looking statements, based on any subsequent development, information or events, or otherwise . Unless otherwise stated in this document, the information contained herein is based on management information and estimates . The information contained herein is subject to change without notice and past performance is not indicative of future results . Ambuja may alter, modify or otherwise change in any manner the content of this presentation, without obligation to notify any person of such revision or changes . No person is authorized to give any information or to make any representation not contained in and not consistent with this presentation and, if given or made, such information or representation must not be relied upon as having been authorized by or on behalf of Ambuja. This presentation does not constitute an offer or invitation to purchase or subscribe for any securities in any jurisdiction, including the United States . No part of this presentation should form the basis of or be relied upon in connection with any investment decision or any contract or commitment to purchase or subscribe for any securities . None of our securities may be offered or sold in the United States, without registration under the U.S. Securities Act of 1933, as amended, or pursuant to an exemption from registration therefrom . For Further info please contact: CA. DEEPAK BALWANI Head - Investor Relations deepak.balwani@adani.com Ambuja Cements Limited Registered office: Adani Corporate House, Shantigram, Near Vaishno Devi Circle, S.G. Highway, Ahmedabad – 382421. Ph +91 79265 65555 www.ambujacement.com; CIN: L26942GJ1981PLC004717