STARCEMENTNSE14 February 2023

Star Cement Limited has informed the Exchange about Investor Presentation

Star Cement Limited

Date: 14th February, 2023

To The Listing Department, National Stock Exchange of India Limited Exchange Plaza, C-1, Block-G Bandra Kurla complex, Bandra-East Mumbai-400 051 Stock code: STARCEMENT

To BSE Limited Phiroze Jeejeebhoy Towers Dalal Street Mumbai-400 001 Stock code: 540575

Dear Sir,

Subject: Investor Presentation for the Third Quarter ended 31st December, 2022

Pursuant to the Regulation 30 of Securities and Exchange Board of India (Listing obligations and Disclosures Requirements) Regulation, 2015, an Investor Presentation for the third quarter ended 31st December, 2022 has been prepared and the same has been disseminated on the Company’s website at https://www.starcement.co.in/investor/investors-presentation. We are enclosing herewith a copy of the Presentation for your information and record.

Request you to kindly take this communication on record.

Thanking you,

Yours faithfully, For Star Cement Limited

14-02-2023

D eb a b ra ta Th a k u rta C o mp a n y Secreta ry Sig n ed b y: D E BABR ATA TH AKU R TA

Debabrata Thakurta

(Company Secretary)

Encl. as stated

CREATING A BETTER TOMORROW

STAR CEMENT LIMITED An Integrated Cement Company

NSE Ticker: STARCEMENT | BSE Ticker: 540575 | Bloomberg Ticker: STRCEM:IN

Q3 Presentation | December 2022

INDEX

KNOW US BETTER: CORPORATE OVERVIEW

BETTER PROSPECTS & POSSIBILITIES: INDIAN CEMENT INDUSTRY

WHAT MAKES US BETTER: STRENGTHS & STRATEGIES

PROMISING A BETTER TOMORROW: SUSTAINABILITY

LEADING FROM THE FRONT: OUR MANAGEMENT TEAM

NUMBERS THAT SPEAK FOR US: FINANCIAL PERFORMANCE REVIEW

APPENDIX:

KNOW US BETTER

CORPORATE OVERVIEW

STAR CEMENT AT A GLANCE

As one of the most renowned and leading names among Eastern India's cement manufacturers, Star Cement enjoys a strong brand recall. The Company caters to significant cement markets across the region and functions across its six manufacturing units spread in the Eastern India region.

5.7 MTPA

AGGREGATE CEMENT CAPACITY

2.8 MTPA

AGGREGATE CLINKER CAPACITY

1,600+

12,000+

TOTAL DEALER NETWORK

TOTAL RETAILER NETWORK

3,100+

WORKFORCE

ZERO DEBT

COMPANY

HIGHEST

MARKET SHARE IN NORTH-EASTERN REGION

ONE OF THE COUNTRY'S FINEST LIMESTONE RESERVES

SALES MIX (YTD DEC’22)

Non Trade Sales 10%

Trade Sales 90%

OUR STAR PRODUCTS

ORDINARY PORTLAND CEMENT (OPC)

PORTLAND POZZOLANA CEMENT (PPC)

ANTI RUST CEMENT (ARC)

OPC 43: Suitable for construction where the grade of concrete is upto M-30. OPC 53: Provides high strength and durability to structures with optimum particle size crystallized distribution and superior structure.

PPC: Ideal for:

Mass concreting works Masonry mortars and plastering It is resistant to chemical attacks, more durable, improves strength and viscosity, has lower permeability, is water-resistant, and has better cohesiveness.

ARC: A highlight of Star Cement’s innovative line and a robust R&D, ARC product anti-corrosive anti-rust imparts properties in the reinforcing bars for higher durability and service life of the structure.

and

A JOURNEY THAT SPEAKS OF EXPANSION

Our growth is reflected in how our manufacturing capacities have expanded through the years. Here is a year-wise snapshot summarizing our progress and additions to our cement and clinker capacities.

CLINKER (MMT)

CEMENT (MMT)

0.40

0.60

0.80

2.60

2.80

FY 04-05

FY 07-08

FY 10-11

FY 12-13

FY 15-16

FY 16-17

FY 18-19

FY 20-21

0.40

1.06

1.27

3.00

3.70

4.30

5.70

BETTER PROSPECTS & POSSIBILITIES

INDIAN CEMENT INDUSTRY

DEMAND TO BE DRIVEN BY INFRASTRUCTURE SEGMENT IN NEXT 2 YEARS

CEMENT DEMAND

Housing (59% share by FY27E)

Industrial / Commercial (14% share by FY27E)

Infrastructure (28% share by FY27E)

Affordable and mid-income segments to drive housing demand in the near term. Rising urbanization and affordability to support property sales

PLI scheme boost of Rs 2.4 Tn in the next five years

Capital investment outlay raised 33% to INR 10 Tn with Center’s effective capex budgeted at Rs 13.7tn, per Union Budget FY24; also, Rs 100bn p.a. allocated to urban infrastructure development fund

Healthy rabi crop, normal monsoon, and higher minimum support price for crops to support rural housing

Capex announcement by large players amid healthy demand prospects; sharp uptick in investments in warehousing and data centers

Bharatmala project target of 60,000km over FY20- FY24, of which ~53% constructed till FY22. Momentum to continue given strong investment pipeline under NIP

Government impetus since 2017 expected to bring over US$ 1 Tn of investment into the sector by 2025. PM Awas Yojana outlay enhanced by 66% to INR 790 Bn in FY24 Union Budget

Stable income levels and shift to hybrid working model in IT/ITES, BFSI and related sectors to drive demand for better and larger homes

Unsold housing inventory at 17 months lowest since 2011. 38% of population (534 Mn) to occupy Indian cities by FY25E (current 33%). Housing shortage of 62.45 Mn units, of which 30% is in Urban India

Increase in NIP allocation to Rs 142tn against Rs 111tn; infrastructure accounted for ~50% of the incremental demand in FY22

Capital allocation under NRP of Rs 9.4tn, of which 67% accounts for track infrastructure and terminals which will generate significant cement demand

Various irrigation projects underway or planned; PMKSY outlay at Rs 0.93tn; river linking project (draft DPRs for 5 river links finalized)

Source: Sector Report : Cement, BOB Capital Markets Ltd, 02 February 2023

Low Impact

Medium Impact

High Impact

KEY GOVERNMENT INFRASTRUCTURE INITIATIVES

National Infrastructure Pipeline (NIP)

The NIP for FY19-FY25 has been allocated Rs 111 Tn in funding and is a government exercise to provide infrastructure to citizens by improving project preparation and attracting investments into the sector. In Mar’22, projects worth Rs 44 Tn, accounting for 40% of the total outlay, were under implementation and projects worth Rs 22 Tn (20% of the outlay) were under development

Roads and Highways

The Roads Ministry has a target of building 60,000 kms of world-class national highways at a rate of 40 km per day by FY24. To expedite construction, the government rolled out a series of initiatives in FY22, viz. (i) the National Monetisation Pipeline (NMP), (ii) Bharatmala Pariyojana, and (iii) changes in the hybrid annuity model (HAM). A further Rs 1.3tn has been allocated to National Highways Authority of India (NHAI).

Northeast development

To boost development of India’s northeastern region, a budgetary allocation of Rs 26.6 bn was made for the Ministry of Development of Northeastern Region in Union Budget FY23, including ~Rs 4bn for the Central Pool of Resources for the northeastern region and Sikkim. Additionally, Rs 2.2bn was awarded to schemes of the North East Council, ~Rs 7bn to North East Road Sector Development Scheme, and Rs 6.7bn to the North East Special Infrastructure Development Scheme (NESIDS).

Affordable housing

An outlay of Rs 480bn (US$ 6.4bn) has been allotted under Pradhan Mantri Awas Yojana (PMAY) which aims to construct affordable housing for the urban poor – a segment that has been conferred infrastructure status by the government, implying additional tax benefits

Source: Sector Report : Cement, BOB Capital Markets Ltd, 02 February 2023

BURGEONING EASTERN INDIA

CAPACITY EXPANSION ACROSS REGIONS (MN TONS)

OPPORTUNITIES IN THE EASTERN REGION

Region

NORTH

SOUTH

EAST

WEST

CENTRAL

TOTAL

FY19

161.9

106.9

86.4

65.4

58.4

FY22

170.5

114.4

110.4

81.0

73.4

FY25E

186.4

131.4

145.4

89.4

95.4

479.0

550.0

648.0

CAPACITY : EAST - STRONG DEMAND PUSHES STRONGER SUPPLY

CAGR – 9.5%

CAGR – 15.2%

CAGR – 6.1%

110 126 138 145

 Regionally,

the

efforts

government’s

up build underdeveloped states in the eastern (Bihar, Jharkhand, Chhattisgarh, Odisha) and north-eastern belt has boosted offtake In these markets. Thus, incremental demand is shifting towards the eastern region (24% from 21%), likely replacing the south over FY19-FY26.

 It is expected that the cement demand in eastern region would

grow at ~10% CAGR over FY22-FY25.

 The availability of

in the states of limestone reserves Chhattisgarh (eastern) and Madhya Pradesh (central) has further fueled the expansion drive in these regions. Satellite production units in demand hubs (Uttar Pradesh, Odisha, Bihar, West Bengal and Jharkhand), in and across the clinker clusters has boosted the capacity expansion drive in the eastern region.

Government impetus towards infrastructure to aid faster growth in the eastern market

Source: Sector Report : Cement, BOB Capital Markets Ltd, 02 February 2023

WHAT MAKES US BETTER

STRENGTHS & STRATEGIES

1111

STRENGTHENING OUR TOMORROW

OUR CURRENT MANUFACTURING CAPABILITIES

2.8 MTPA CLINKER PRODUCTION CAPACITY

5.7 MTPA CEMENT PRODUCTION CAPACITY

51 MW POWER PRODUCTION CAPACITY

6 MANUFACTURING UNITS

LARGEST MANUFACTURER OF CEMENT IN NORTH- EAST INDIA

OUR LONG-TERM PLANS

NEXT FIVE-YEAR PLANS:

Setting up a 3 MT clinker unit with 12 MW WHRB at Lumshnong: ₹ 1,300 Crores

Setting up a 12 MW WHRB at Lumshnong: ₹ 150 Crores

Setting up two grinding units in Assam: ₹ 800 Crores

OUR CURRENT MANUFACTURING UNITS & CAPEX PLAN

1 Grinding unit at Siliguri, West Bengal

1 Grinding unit at Guwahati, Assam

Setting up a 2 MT Grinding unit in Guwahati, Assam and 1 unit at Silchar, Assam

4 manufacturing units at Lumshnong, Meghalaya

Setting up 3 MT Clinker unit and 12 MW WHRB at Lumshnong

BRANDING & PROMOTION: ENDORSING A BETTER TOMORROW

ANNUAL ADVERTISING & BRAND PROMOTION INVESTMENT

AKSHAY KUMAR, AS OUR BRAND AMBASSADOR, BOOSTED OUR BRAND VISIBILITY

ADVERTISEMENT AND BRANDING EXPENSES (₹ IN CR)

51.82

29.00

35.30

21.90

26.23

FY19

FY20

FY21

FY22

YTD Dec'22

₹ 9.41 Crores

Invested in branding and advertisement in the Q3 FY 22-23

As part of its brand outreach program, the company has associated with Akshay Kumar, one of the biggest stars of the Indian Film Industry, as the brand ambassador of the company. Association of Akshay Kumar has uplifted the brand perception and has created a positive impact on the saliency of Star Cement as a brand.

Awards Received • Rotary RMB Connect 2021 award with Economic Times & Rotary RMB Connect 2022 award with The Telegraph T2 for invaluable service & excellence in Cement Industry category for two consecutive years.

• SCALE 2019, 2020 & 2021 (Supply Chain & Logistics Excellence).

In Q3, the company initiated a digital campaign called "Happy Pic Lucky Pic Contest” for its Facebook and Instagram users. The campaign achieved a total engagement of more than 2 lakh users and has helped to increase the company’s Facebook likes by 17% and Instagram followers by 2700%

ADVANCING WITH TECHNOLOGY

STAR LOTUS APP (5500+ USERS): Assisting contractors with classification, site verification, gift distribution, and journey, for bettering their experience with Star Cement.

STAR STELLAR APP (2200+ USERS): Facilitating loyalty program for civil engineers and providing login facility to Technical Employees and Civil Engineers for a better performance at work

STAR SAATHI APP FOR DEALERS (1800+ USERS): of channels the Strengthening distribution, the app facilitated flexibility in placement tracking and payment, providing ease of service to our dealers

SALESFORCE AUTOMATION APP: Helping us to track attendance, and various other activities taking place (including field visits by our Sales, Branding and Technical Teams

DIGITAL DISPLAYS: Impacting our in-store branding to enhance brand information and visibility along with timely updates on relevant schemes and offers.

CUSTOMER WEB-PORTAL: Aiding dealers in generation of ledgers, notes debit invoices, through OTP authentication.

note/credit

IMPLEMENTED ENTERPRISE RESOURCE MANAGEMENT (ERM) SYSTEMS: Leading to higher operational efficiency and an overall enhanced performance (includes management of inventory and sales)

WIDER REACH FOR A BETTER TOMORROW

STRONG SUPPLY CHAIN & DISTRIBUTION NETWORK We emphasize on strengthening being among the first one to identify the disparity in demand and supply forces, through a strong supply chain & distribution network:

EASY AVAILABILITY OF RAW MATERIAL: Easy access and proximate location to limestone mines within 2-3 km of our plants in Integrated vehicle logistics system.

RIGHT MIX OF DISPATCH MODES: Availability of different modes of transportation, including roadways and railways for uninterrupted supply

IMPROVING RAIL TRANSPORT CONNECTIVITY: Raw Material Inward & Cement outward dispatches from Siliguri siding ensured alternate mode availability for enhanced serviceability and Cost Efficiency.

ENHANCING PRODUCTIVITY THROUGH OWN FLEET: Optimum utilization of owned fleet of 190+ trucks through digitization enabled the organization to increase the overall efficiency & productivity

ESTABLISHED DEALER-DISTRIBUTOR NETWORK: Our extensive distribution network helps deepen penetration in the Eastern region

DISTRIBUTION NETWORK SPREAD ACROSS 10 STATES, LEADING TO AN EDGE OVER PEERS

DEALER NETWORK

1041

1126

1050

682

551

978

1056

1047

1048

1109

FY 18-19

FY 19-20

FY 20-21

FY 21-22

YTD Dec'22

North-east

Rest of East India

THE STAR SHINES BRIGHT AND STRONG

•

Enjoys a leadership position in the North East with market share of more than 23%

• Gradually increasing share in the Eastern region through concerted efforts

•

Strong dealer and distributor network built over the years, steering year-on-year growth, enabling leadership position in market

DISTRIBUTION NETWORK SPREAD ACROSS 10 STATES, LEADING TO AN EDGE OVER PEERS

SALES THROUGH THE YEARS – VOLUME (LAKH TONS)

28%

21%

13%

24%

-12%

-8%

33%

52%

10.7

16.3

21.7

26.3

27.4

27.1

28.8

26.5

33.9

22.41

27.79

FY 12-13

FY 13-14

FY 14-15

FY 15-16

FY 16-17

FY 17-18

FY 18-19

FY 19-20

FY 20-21

FY 21-22

YTD DEC'21 YTD DEC'22

PROMISING A BETTER TOMORROW

ENVIRONMENT, SOCIAL & GOVERNANCE

BEING RESPONSIBLE TODAY FOR A BETTER TOMORROW

Health and Sanitation

Livelihood Development

Education

Rural Development

• Medical

•

camp

organized

Sonapur district

TB patients of Hospital supported with food items. Blood donation camp organized at Star Club on 08th Dec. Food Security for 73 specially abled persons of Mohitnagar has been initiated and the same will continue throughout the current financial year. at Lumshnong village on 22nd Dec, where patients received free health check-up and medicine. Establishment of STAR JALADHARA Project - 24 x 7 running potable water system is at the end of completion at 11 educational institute and 2 social institution of GGU and SGU plant peripheral area. Renovation of Institutional Toilets in 5 LP schools of Mohitnagar is almost completed.

•

have

started

training in

and Mohitnagar

and wellness been

in all STAR Usha Tailoring School three locations are going on as per schedule. Beautician courses Mohitnagar with 60 native girls. Biofloc fish farming is ongoing at Guwahati plant peripherals. Regular production in Agarbatt unit and sanitary napkin production unit at SRIJANI is going on flawlessly. on Menstrual camp Awareness Hygiene is going on monthly basis in different tea gardens of Mohitnagar. Women are accepting this positively and their habit is changing gradually. A livelihood hub is under construction at Lumshnong 58 pig farmers had been shortlisted for Pig Rearing Project from 5 villages of Elaka Narpuh for FY- 2022-23.

several

Infrastructural development including construction of boundary wall, class room, floor, guard wall, desk bench support, class room kits support are educational underway institutions in Assam and Meghalaya. Renovation of school building with the construction of mid day meal area have been initiated in Mohitnagar. School services bus provided in Lumshnong. Computer Education on wheels – a new initiative has been started in fresh manner at Guwahati plant peripheral area. Student i.e. distribution of class room kits and sports items in 25 LP & SSK Schools in and around Mohitnagar are in pipe line.

Programme

Support

being

are

•

Construction of 350 mt. RCC road of Dongwalarung locality of Lumshnong Village and Community Hall office room is going on. Construction of additional room at Gandhi Nagar Anchalik Kalakrishti Vikash Kendra is going on. Construction of public utility area of Maa Kali Mandir at Sonapur & repairing of Prayer hall at Lakhi Mandir are under way. Construction of market place at Gouri Hat and Maa Kali Mandir at Madhya Kumar Para have been initiated in Mohitnagar. Repair works at 8.5 km connecting road of Sakri and Lumstongseng village had been completed. Around 250 solar lights have been in Guwahati and Mohitnagar. A solar home lighting system was established in Meghalaya.

LEADING FROM THE FRONT

OUR MANAGEMENT TEAM

GOOD GOVERNANCE PROMISING A BETTER TOMORROW

OUR PROMOTERS TEAM

Mr. Sajjan Bhajanka Chairman & Managing Director

Mr. Rajendra Chamaria Vice Chairman & Managing Director

Experience: experience laminates, cement industry

years’ plywood, ferro alloys and

36 cement

years’ Experience: and experience concrete sleepers industry with excellent project execution skill and production knowledge

Mr. Sanjay Agarwal Managing Director

36 Experience: industry experience

years’

Mr. Prem Kumar Bhajanka Managing Director

Experience: 43 years of industry experience

Mr. Tushar Bhajanka Executive Director

Qualification: MPhil in Economics from the University of Cambridge

Experience: 4 years’ industry experience

GOOD GOVERNANCE PROMISING A BETTER TOMORROW

OUR MANAGEMENT TEAM

Mr. Pankaj Kejriwal Chief Operating Officer

Qualification: Chemical Engineer

Experience: experience

years’ overall

Mr. Pradeep Purohit Chief Strategy Officer

Qualification: B. Com, Graduate Dip. IIMM

Experience: 34+ years cement and engineering industry

in the

Mr. Manoj Agarwal Chief Financial Officer

Qualification: Accountant, Company Secretary

LL.B,

Chartered

Experience: Over experience, the cement industry

years’ 27 including 15 years in

Sundaram

Mr. Srinivasan Chief Manufacturing Officer

Qualification: Engineer

Mechanical

Experience: More than 3 decades in the cement industry including companies like Gujarat Ambuja Cement & Zuari Cement.

Mr. Jyoti S. Agarwal Chief Marketing Officer

Qualification: M.Com

Experience: Over years’ experience in the cement industry, having worked at senior positions in Aditya Birla Group and Ambuja Cement Limited

Mr. Samar Banerjee Chief Human Resource Officer

Qualification: BA( Eco), PGPM&IR

years’ 27 Experience: Over experience, including 14 years in the cement and Building Material Industries.

NUMBERS THAT SPEAK FOR US

FINANCIAL HIGHLIGHTS

222222

OPERATIONAL AND FINANCIAL UPDATES

Operational

• The total cement production in Q3 FY23 was 9,21,814 MT against 8,57,173 MT in Q3 FY22, a YoY increase of 8%.

• Average capacity utilization of cement grinding units was 65% in Q3 FY23.

• The organisation has started purchasing conditioned fly-ash through rakes from different power plants. This will help

reduce flyash cost by approx. 20%.

Financial

•

Cement sales in Q3 FY23 was up by 12% (YoY) to INR 617 Cr.

EBITDA for the quarter stood at INR 120 Cr, a YoY increase of 61%.

Profit After Tax for the quarter stood at INR 53 Cr.

•

The organisation has completed the adoption of SAP across all levels.

Functional

• WHRS project at Lumshnong is progressing well and is expected to be operational from February 2023.

•

The organisation is in process to introduce the use of alternate fuel resources in its Kiln. The organisation is also

optimizing the use of biomass in power generation.

The organisation is using its own fleet and optimizing its transportation requirements for minimizing logistics cost.

HIGHLIGHTS THAT MATTER

SALES VOLUME - CEMENT (MILLION TONS)

REVENUE FROM CEMENT SALES (INR CR)

EBITDA (INR CR)

0.908

617

PAT (INR CR)

120

0.864

549

Qtr ending Dec 2021

Qtr ending Dec 2022

Qtr ending Dec 2021

Qtr ending Dec 2022

Qtr ending Dec 2021

Qtr ending Dec 2022

Qtr ending Dep 2021

Qtr ending Dep 2022

An YoY increase in sales volume by 5%

Increase in sales volume and better pricing resulted in the increase in revenue from cement sales by 12%

cost sales Increase rationalization in the quarter helped increase EBITDA by 61% compared to the same quarter last year.

and

PAT for the period increased by 21% as compared to the same period last year, even though tax for the year has increase owing to sunset of tax exemption u/s 80 IE of Income Tax Act,. 1961. Cash outflow will remain the same at MAT.

HIGHLIGHTS THAT MATTER

REALISATION (INR PER TON)

COST (INR PER TON)

6797

6357

5505

5473

EBITDA (INR PER TON)

1324

853

PAT (INR PER TON)

583

508

Qtr ending Dec 2021

Qtr ending Dec 2022

Qtr ending Dec 2021

Qtr ending Dec 2022

Qtr ending Dec 2021

Qtr ending Dec 2022

Qtr ending Dec 2021

Qtr ending Dec 2022

Realization for the period was in line with market trend

Cost of production per unit for the period was consistent compared to the same period last year.

EBITDA per unit for the period has increase by 55% as compared to the same period last year.

Net profit per share for the period increased by 15% as compared to the same period last year. Even though tax for the year has increase owing to sunset of tax exemption u/s 80 IE of Income Tax Act,. 1961, cash outflow will remain the same at MAT.

APPENDIX

STANDALONE FINANCIAL HIGHLIGHTS

PARTICULARS

Equity Share Capital

Reserves & Surplus

Net Worth

Revenue

EBIDTA

PBT

Tax Expenses

PAT

Return on Equity (Annualised)

Earning Per Share (Not Annualised)

Q3 FY23

Q3 FY22

Q2 FY23

FY22

1,354

1,394

630

171

1,184

1,224

545

(4)

1,324

1,364

604

141

1,259

1,299

2,219

255

170

(6)

176

8.98%

0.75

8.03%

0.59

7.09%

0.58

13.57%

4.32

INR Cr

INR

1The tax holiday period enjoyed by the company’s Guwahati Grinding Unit u/s 80 IE of Income Tax Act, 1961 has ended in the financial year 2021-2022 leading to an overall increase in its tax expenditure.

CONSOLIDATED FINANCIAL HIGHLIGHTS

PARTICULARS

Equity Share Capital

Reserves & Surplus

Net Worth

Revenue

EBIDTA

PBT

Tax Expenses

PAT

Return on Equity (Annualised)

Earning Per Share (Not Annualised)

Q3 FY23

Q3 FY22

Q2 FY23

FY22

2,279

2,320

631

120

301

2,040

2,190

562

(3)

2,226

2,267

608

181

2,128

2,168

2,255

379

244

(3)

247

9.43%

1.31

8.70%

1.09

5.59%

0.77

11.38%

6.04

INR Cr

INR

1The tax holiday period enjoyed by the company’s Guwahati Grinding Unit and its subsidiary, Star Cement Meghalaya Limited (SCML) u/s 80 IE of Income Tax Act, 1961 has ended in the financial year 2021-2022 leading to an overall increase in the Group’s tax expenditure.

SAFE HARBOUR

This quarterly investor presentation has been prepared by Star Cement Limited (‘Star Cement’) and does not constitute a prospectus or placement memorandum or an offer to acquire any securities. This presentation or any other documentation or information (or any part thereof) delivered or supplied, should not be deemed to constitute an offer.

No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness, or correctness of such information or opinions contained herein. The information contained in this presentation is only current as of its date. 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 the general business plans and strategy of Star Cement, its future financial condition and growth prospects, future developments in its industry, and its competitive and regulatory environment, and statements which contain words or phrases such as ‘will’, ‘expected to’, ‘horizons of growth’, ‘strong growth prospects’, among many others, or similar expressions or variations of such expressions. These forward-looking statements involve a number of risks, uncertainties, and other factors that could cause actual results, opportunities, and growth potential to differ materially from those suggested by the forward-looking statements. These risks and uncertainties include, but are not limited to, risks with respect to its Formulations and API business.

Star Cement 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. This presentation cannot be copied and disseminated in any manner.

THANK YOU

Mr. Manoj Agarwal investors@starcement.co.in www.starcement.co.in

Corporate Office ‘Century House’, 2nd Floor P-15/1, Taratala Rd, 2nd Floor, CPT Colony Taratala, Kolkata, West Bengal 700 088

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