Sanghi Industries Limited has informed the Exchange about Investor Presentation
29th January, 2025
To, BSE Limited PJ Towes, Dalal Street Mumbai – 400 001 Scrip Code: 526521
To, National Stock Exchange of India Limited Exchange Plaza, Bandra - Kurla Complex, Bandra (E), Mumbai – 400 051. NSE Symbol: SANGHIIND
Sub: Investor Presentation under Regulation 30 of SEBI (Listing Obligations and
Disclosure Requirements) Regulations 2015.
Dear Sir/ Madam,
In continuation of our letter dated 20th January 2025 regarding Analyst/Institutional call scheduled on 29th January 2025, we are enclosing herewith Presentation titled ‘Operational & Financial Highlights’ for the quarter ended on 31st December 2024.
The above information shall also be made available on the Company's website at www.sanghicement.com.
Kindly take the above on your records.
Thanking you,
Yours faithfully, For Sanghi Industries Limited
Anil Agrawal Company Secretary Membership No.: A14063
Encl.: As above
Sanghi Industries Limited Registered Office: Adani Corporate House, Shantigram, Nr. Vaishnodevi Circle, S. G. Highway, Khodiyar, Ahmedabad – 382421 Gujarat, India Ph +91 79-2656 5555 www.sanghicement.com
CIN: L18209GJ1985PLC157787
ADANI GROUP PROFILE
ADANI CEMENT OVERVIEW
PERFORMANCE HIGHLIGHTS
ESG UPDATE
ACCOLADES & AWARDS
ABBREVIATIONS
Operational & Financial Highlights
For the Quarter Ended December 31, 2024
1
ADANI GROUP PROFILE
AMBUJA CEMENT OVERVIEW
PERFORMANCE HIGHLIGHTS
ESG UPDATE
ACCOLADES & AWARDS
ABBREVIATIONS
Performance at a glance Q3 FY’25 Ambuja Cement consolidated
Highest ever Quarterly Cement Sales Volume
VOLUME (in MnT CLC)
REVENUE (in R Cr)
EBITDA (Excluding other income, in R Cr)
PAT (in R Cr)
Q 3 F Y 2 5
Q 3 F Y 2 4
16.5
14.1
Q 3 F Y 2 5
Q 3 F Y 2 4
9,329
8,129
MnT 2.4 (+17%)
R 1,200 (+15%)
1,712
1,732
Q 3 F Y 2 5
Q 3 F Y 2 4
R (20) (-1%)
Q 3 F Y 2 5
Q 3 F Y 2 4
1,091
R 1,529 (+140%)
2,620
2
2
ADANI GROUP PROFILE
AMBUJA CEMENT OVERVIEW
PERFORMANCE HIGHLIGHTS
ESG UPDATE
ACCOLADES & AWARDS
ABBREVIATIONS
Performance at a glance 9M FY’25 Ambuja Cement consolidated
Highest ever 9M Cement Sales Volumes
VOLUME (in MnT CLC)
REVENUE (in R Cr)
EBITDA (Excluding other income, in R Cr)
9 M F Y 2 5
9 M F Y 2 4
46.6
42.6
9 M F Y 2 5
9 M F Y 2 4
25,156
24,266
MnT 4.0 (+9%)
R 890 (+4%)
4,103
4,701
9 M F Y 2 5
9 M F Y 2 4
R (598) (-13%)
PAT (in R Cr)
9 M F Y 2 5
9 M F Y 2 4
R 663 (+21%)
3,876
3,213
3
3
ADANI GROUP PROFILE
AMBUJA CEMENT OVERVIEW
PERFORMANCE HIGHLIGHTS
ESG UPDATE
ACCOLADES & AWARDS
ABBREVIATIONS
Builders of Progress in India
Development
Operations
Value Creation
*
Well poised for Growth 97 MTPA capacity (22 MTPA added in last 24 months). With the projects under advanced stage of completion, the capacity will go up to 104 MTPA by current fiscal year end, 118 MTPA by FY’26 and well on track to achieve targeted capacity of 140 MTPA by FY 28
• 21 MTPA under execution • 21 MTPA at various stages
(Details in slide no. 26)
Cost Leadership 17% cost reduction since Sep’22 (Adani acquisition from Holcim), Various Capex and Opex programs are in place to accelerate cost leadership journey, target to achieve another 15% by FY’28
Market Leadership Iconic brands with outstanding Brand Equity
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
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
Capacity enhancement by 33% (22 MTPA) since acquisition of Ambuja in Sept’22
* includes 8.5 MTPA capacity of Orient Cement
4 4
Contents
Adani Group Profile
6
Performance Highlights
16
Accolades and Awards
40
1
2
3
4
5
6
Ambuja Cement Overview
10
ESG Updates
Abbreviation
30
42
5
ADANI GROUP PROFILE
ADANI CEMENT OVERVIEW
PERFORMANCE HIGHLIGHTS
ESG UPDATE
ACCOLADES & AWARDS
ABBREVIATIONS
01
Adani Group Profile
6
ADANI GROUP PROFILE
AMBUJA CEMENT OVERVIEW
PERFORMANCE HIGHLIGHTS
ESG UPDATE
ACCOLADES & AWARDS
ABBREVIATIONS
Adani: A World Class Infrastructure & Utility Portfolio
Flagship
Incubator
(73.97%)
AEL
Infrastructure & Utility Core Portfolio
Energy & Utility
Transport & Logistics
(100%) ANIL New Industries
(50.00%) AdaniConneX3 Data Centre
(100%)
AAHL Airports
(100%)
ARTL Roads
(60.94%)
(74.96%)
AGEL Renewables
(69.94%)
AESL T&D
APL IPP
(37.40%)
ATGL2 Gas Discom
(65.89%)
APSEZ Ports & Logistics
(100%)
NQXT1
Primary Industry Materials, Metal & Mining
(100%)
Copper, Aluminum
(100%)
PVC
(100%)
Specialist Manufacturing5
(100%)
Mining Services & Commercial Mining
(67.53%)
Cement4
Emerging B2C
Direct to consumer
(100%)
ADL Digital
(64.71%)
NDTV
(43.94%)
AWL6 Food FMCG
(%): Adani Family equity stake in Adani Portfolio companies (%): AEL equity stake in its subsidiaries
Listed cos
Direct Consumer
A multi-decade story of high growth centered around infrastructure & utility core
1. NQXT: North Queensland Export Terminal | 2. ATGL: Adani Total Gas Ltd, JV with Total Energies | 3. Data center, JV with EdgeConnex, | 4. Cement includes 67.53% (67.57% on Voting Rights basis) stake in Ambuja Cements as on 31st 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 (13thJan’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 31st December, 2024.
7
ADANI GROUP PROFILE
AMBUJA CEMENT OVERVIEW
PERFORMANCE HIGHLIGHTS
ESG UPDATE
ACCOLADES & AWARDS
ABBREVIATIONS
Adani Portfolio: Decades long track record of industry best growth with national footprint
Secular growth with world leading efficiency
National footprint with deep coverage
Growth
3x 6
Growth
4x 6
EBITDA
71% 1,2,3
EBITDA
92% 1,3,4
Growth
3x 6
Growth
1.4x 6
EBITDA
91% 1,2,3,5
EBITDA
24% 1,3
AEL APSEZ AGEL ATGL AESL APL Adani Cement
Adani’s Core Infra. Platform –
350 Mn
Userbase
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
8
ADANI GROUP PROFILE
AMBUJA CEMENT OVERVIEW
PERFORMANCE HIGHLIGHTS
ESG UPDATE
ACCOLADES & AWARDS
ABBREVIATIONS
Adani Portfolio: Repeatable, robust & proven transformative model of investment
DEVELOPMENT
Adani Infra (India) Limited (AIIL)
OPERATIONS
Operations (AIMSL)
1
CONSUMERS New C.E.O. Consumer I Employees I Other Stakeholders
Origination
Site Development
Construction
Operation
Inspired Purpose & Value Creation
• Analysis & market
• Site acquisition
• Engineering & design
• Life cycle O&M
• Delivering exceptional products & services for elevated
intelligence
• Viability analysis
• Concessions &
regulatory agreements
• Sourcing & quality
planning
engagement
• Asset Management plan
• Differentiated and many P&Ls
I
Y T V T C A
I
E C N A M R O F R E P
I
L A T P A C
T N E M E G A N A M
R E L B A N E
India’s Largest Commercial Port (at Mundra)
Strategic value Mapping
Policy, Strategy & Risk Framework
Continued Focus & Investment
Longest Private HVDC Line in Asia (Mundra - Mohindergarh)
World’s largest Renewable Cluster (at Khavda)
Investment Case Development
Growth Capital – Platform Infrastructure Financing Framework
Duration Risk Matching Risk Management – Rate & Currency Governance & Assurance Diversified Source of Capital
Energy Network Operation Center (ENOC)
14%
March 2016
55%
31%
Adani’s Core Infra. Platform –
350 Mn
Userbase
31%
2%
6%
13%
March 2024
19%
28%
1%
Long Term Debt
PSU Banks
Pvt. Banks
Bonds
NBFCs & FIs
DII
Global Int. Banks Capex LC
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
Note 1 Adani Environmental Resource Management Services Ltd. (additional company is being proposed) O&M: Operations & Maintenance l HVDC: High voltage direct current l PSU: Public Sector Undertaking (Public Banks in India) l GMTN: Global Medium-Term Notes l SLB: Sustainability Linked Bonds l AEML: Adani Electricity Mumbai Ltd. l AIMSL : Adani Infra Mgt Services Pvt Ltd l IG: Investment Grade l LC: Letter of Credit l DII: Domestic Institutional Investors l COP26: 2021 United Nations Climate Change Conference l AGEL: Adani Green Energy Ltd. l NBFC: Non-Banking Financial Company l AIIL: Adani Infra (India) Ltd.
9
ADANI GROUP PROFILE
ADANI CEMENT OVERVIEW
PERFORMANCE HIGHLIGHTS
ESG UPDATE
ACCOLADES & AWARDS
ABBREVIATIONS
02 Ambuja Cement - Overview
10
ADANI GROUP PROFILE
AMBUJA CEMENT OVERVIEW
PERFORMANCE HIGHLIGHTS
ESG UPDATE
ACCOLADES & AWARDS
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
People With diversified operations of Group, this will also enable optimization of resources with right talent at right place, training & development
Logistics Distribution cost can be further optimized with group company’s expertise in all modes of logistics & port operations
Realty Group land bank; Group Cement/Concrete requirement (Dharavi, Navi Mumbai Airport, Ganga expressway), EPC business
Coal Use group’s leadership & in procuring expertise mining coal operations
and
Power & Renewables leadership & Group’s expertise in Thermal power plant operations and renewable energy to optimize power cost
GCC services / Digital Infra Leverage shared services vertical of the group, along with digital infra (IT)
Project Execution Leveraging Group’s expertise in projects execution & cost negotiation benefits
SportsLine Branding and Marketing
11
ADANI GROUP PROFILE
AMBUJA CEMENT OVERVIEW
PERFORMANCE HIGHLIGHTS
ESG UPDATE
ACCOLADES & AWARDS
ABBREVIATIONS
Pick up in Infrastructure and Housing spend to drive Cement Demand
Housing
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
Cement Demand Segments (% share) 11% - 15%
10% - 14%
10%-14%
11%-15%
Commercial
24%-25%
25%-27%
Infrastructure
Infrastructure
Budget has increased 6% for FY 2025
− New Economic Corridors across the country to boost cement demand
Commercial
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
62%-65%
60%-62%
Housing
FY’24
FY’28
1 - Roads, railways, rural development, urban development, ports and airports
PLI – Performance-linked incentive
12
ADANI GROUP PROFILE
AMBUJA CEMENT OVERVIEW
PERFORMANCE HIGHLIGHTS
ESG UPDATE
ACCOLADES & AWARDS
ABBREVIATIONS
Cement Demand - Strong Correlation with GDP; High growth expected
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
551
422
753
542
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
FY 2024
FY 2028f
Demand growth @ CAGR of 7% Supply growth @ CAGR of 6-7%
Supply
Demand
Adani Cement Geographical Spread (Capacity Share*)
Northern Zone : 25%
Central Zone : 8%
Western Zone : 25%
Southern Zone : 23%
Eastern Zone : 19%
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
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
* Capacity share as on 31st December 2024 excluding Orient Cement
13
ADANI GROUP PROFILE
AMBUJA CEMENT OVERVIEW
PERFORMANCE HIGHLIGHTS
ESG UPDATE
ACCOLADES & AWARDS
ABBREVIATIONS
Presence in 31 states & union territories and 635+ districts (~79%)
$
For the Quarter Ended December 31, 2024
*
89 MTPA
Cement Capacity
64.1%
Clinker Factor
22
21
Integrated Units
Grinding Units
82%
100
Share of Blended Cement
Ready-Mix Concrete plants
10
11
Bulk Cement Terminals
Captive Ships
Gagal
Darla / Suli Rajpura Bhatinda
Ropar
Rabriyawas
Marwar Mundwa
Lakheri
Sanghi Navalakhi Ambujanagar
Muldwarka Panvel
Chanda Patas
Wadi
Dahej
Surat
BCCI
8.1%
1,08,000+
Thermal Substitution Rate
Channel partners across India
Kudithini
Mangalore
Thondebhavi
* 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
Cochin
Nalagarh
Asian Nalagarh
Roorkee
Dadri
Ametha
Kymore
Farakka
Bargarh
Bhatapara
Tikaria
Chaibasa
Sindri
Sankrail
Damodhar
Kolkata
Jamul
Gopalpur
Maratha cement works Ganeshpahad
Tandur
Vizag
Krishnapatnam
Boyareddypalli Talaricheruvu
Madukkarai
Tuticorin
Karaikal
Integrated Plants Grinding Units Bulk Terminal Blending unit
Ambuja ACC Sanghi Dahej Penna
$ National presence (% coverage of total districts in India) as on 31.12.2024
14
ADANI GROUP PROFILE
AMBUJA CEMENT OVERVIEW
PERFORMANCE HIGHLIGHTS
ESG UPDATE
ACCOLADES & AWARDS
ABBREVIATIONS
Iconic brands with cumulative 120+ years history that shaped the industry
Strength Pioneered brand building & technical services Market leaders with Virat Compressive Strength
Heritage India‘s 1st Cement Company, Inter-generational legacy pioneered product development
High Patronage
IHB
Contractors
Professionals
Dealers
Institutional Clients
Higher contribution from Trade segment
Trade Cement Share Ambuja + ACC
71%
Share of Premium Products
26%
of Trade Volume
15
ADANI GROUP PROFILE
ADANI CEMENT OVERVIEW
PERFORMANCE HIGHLIGHTS
ESG UPDATE
ACCOLADES & AWARDS
ABBREVIATIONS
03
Performance Highlights
16
ADANI GROUP PROFILE
AMBUJA CEMENT OVERVIEW
PERFORMANCE HIGHLIGHTS
ESG UPDATE
ACCOLADES & AWARDS
ABBREVIATIONS
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
17
ADANI GROUP PROFILE
AMBUJA CEMENT OVERVIEW
PERFORMANCE HIGHLIGHTS
ESG UPDATE
ACCOLADES & AWARDS
ABBREVIATIONS
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
Government Grants and Related tax credits
EBITDA (Excl. Other Income)
₹ Cr
8,415*
7,268
8,052
4,850
4,058 4,422
5,176
4,516
4,859
259
151
189
₹ Cr
913
248
76
193
155
17
720
92
59
₹ Cr
1,712
1,111
1,732
601
681
851
1,109
429
903
0
30
0
3
0
(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
374
194
772
265
108
644
154
84
4
713
1,450
1,084
673
680
1,475
318
719
(60)
(196)
(201)
473
1,091
1,758
501
514
1,089
234
527
(97)
(196)
(202)
87
12
(608)
1
Other Income
PBT
PAT
EPS (diluted)
₹ Cr
₹ Cr
₹ Cr
₹
#
1,352
$
2,336
$
2,620
8.59
1.85
3.87
7.14
2.03
2.41
57.84
12.42
28.02
(3.75)
(7.57)
(7.80)
* Net of MSA sales for Ambuja consolidated.
# Includes Rs 1,110 Cr for interest received and interest provision reversal for which no appeals are pending before authorities
$ Including Reversal of Income tax provision of earlier years Rs. 829 Cr against which favorable order has been received
18
ADANI GROUP PROFILE
AMBUJA CEMENT OVERVIEW
PERFORMANCE HIGHLIGHTS
ESG UPDATE
ACCOLADES & AWARDS
ABBREVIATIONS
Ambuja Cement (Consolidated) Cement Business (% Change YoY)
SALES VOLUME - CLC (MnT)
NSP (₹/Bag Cement)
EBITDA (Excl. RMX & Other Income) (₹ Cr & Margin)
EBITDA (Incl. RMX) (Excl. Other Income) (₹ /ton)
17%
16.5
14.1
14.2
10%
2%
15%
273
247
245
1,701
1,666
1,074
21.7%
14.9%
%18.5%
1,225
1,038
780
Dec-23
Sep-24
Dec-24
Dec-23
Sep-24
Dec-24
Dec-23
Sep-24
Dec-24
Dec-23
Sep-24
Dec-24
− Active engagement of Technical support service team with the influencers have helped in expansion of ground network and increase of trade sales volumes contributing to higher volume growth
Cost leadership journey coupled with operational excellence & volume growth will be yielding higher profitability and improvement in margins
− Offering of value-added solutions beyond cement and focused branding will push the premium products share of total sales volume and improve realizations in coming period improve
initiatives will contribute to
revenue and
These profitability
19
ADANI GROUP PROFILE
AMBUJA CEMENT OVERVIEW
PERFORMANCE HIGHLIGHTS
ESG UPDATE
ACCOLADES & AWARDS
ABBREVIATIONS
Ambuja Cement (Consolidated) Cement Business (% Change YoY)
RAW MATERIAL (₹/ton)
POWER AND FUEL (₹/ton)
FREIGHT AND FORWARDING (₹/ton)
OTHER EXPENSES (₹ /ton)
1%
767
741
732
7%
5%
26%
1,353
1,297
1,281
1,273
1,260
1,228
627
669
787
Dec-23
Sep-24
Dec-24
Dec-23
Sep-24
Dec-24
Dec-23
Sep-24
Dec-24
Dec-23
Sep-24
Dec-24
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 increasing share of actions on i) 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%)
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
With initiatives taken to optimize the simplify business resources and 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
20
ADANI GROUP PROFILE
AMBUJA CEMENT OVERVIEW
PERFORMANCE HIGHLIGHTS
ESG UPDATE
ACCOLADES & AWARDS
ABBREVIATIONS
Ambuja Cement (Standalone) Cement Business (% Change YoY)
SALES VOLUME - CLC (MnT)
NSP (₹/Bag Cement)
EBITDA (Excl. RMX & Other Income) (₹ Cr & Margin)
EBITDA (Excl. Other Income) (₹/ton)
24%
12%
8.2
8.7
10.1
271
233
238
29%
851
681
601
19.2%
16.2%
11.9%
43%
1,043
784
595
Dec-23
Sep-24
Dec-24
Dec-23
Sep-24
Dec-24
Dec-23
Sep-24
Dec-24
Dec-23
Sep-24
Dec-24
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 • • Focused branding and promotional activity
Improve premium products share
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
21
ADANI GROUP PROFILE
AMBUJA CEMENT OVERVIEW
PERFORMANCE HIGHLIGHTS
ESG UPDATE
ACCOLADES & AWARDS
ABBREVIATIONS
Ambuja Cement (Standalone) Cement Business (% Change YoY)
RAW MATERIAL (₹/ton)
POWER AND FUEL (₹/ton)
FREIGHT AND FORWARDING (₹/ton)
OTHER EXPENSES (₹/ton)
34%
18%
557
593
748
1,051
925
858
15%
1,119
1,004
955
6%
594
502
631
*
Dec-23
Sep-24
Dec-24
Dec-23
Sep-24
Dec-24
Dec-23
Sep-24
Dec-24
Dec-23
Sep-24
Dec-24
Raw materials costs higher due to higher purchased clinker (beneficial of TCO basis) excluding this cost is lower by 6% (Rs 27/T). These cost will be further optimized via various initiatives undertaken through cost leadership journey and strategic initiative for Fly Ash etc.
Power & Fuel costs are reducing consistently and on YoY this has come down by 18% driven by higher focus on green power (WHRS, Solar, Wind), maximizing captive coal and synergies with group. Key KPIs are as below - Green power share increased by 8
pp (19.3% to 27.3%)
- Lower Kiln fuel cost by Rs 0.19 /000 kCal (Rs 1.80 to 1.61//000 kCal)
Lower freight and forwarding costs by 15% mainly driven by − Network optimization leading to
lead reduction
Primary lead 7% Secondary lead 17% − Through Stock on Wheels (SOW), direct dispatch increased by 15% This is expected to further reduce in coming quarters with initiatives like − Wheeler rationalisation − Digitization − Process improvisation
Costs are marginally higher during this quarter mainly due to higher branding spend. Other costs are on decreasing trends quarter on quarter basis driven by
− Elimination of avoidable costs − Business process harmonizations − Digitization initiatives
22
ADANI GROUP PROFILE
AMBUJA CEMENT OVERVIEW
PERFORMANCE HIGHLIGHTS
ESG UPDATE
ACCOLADES & AWARDS
ABBREVIATIONS
ACC (Consolidated) Cement Business (% Change YoY)
SALES VOLUME - CLC (MnT)
NSP (₹/Bag Cement)
EBITDA (Excl. Other Income) (₹ Cr & Margin)
EBITDA (Excl. Other Income) (₹ /ton)
21%
8.9
9.3
10.7
12%
259
231
227
22%
874
1,070
1%
982
995
399
428
18.8%
9.2%
19.1%
Dec-23
Sep-24
Dec-24
Dec-23
Sep-24
Dec-24
Dec-23
Sep-24
Dec-24
Dec-23
Sep-24
Dec-24
− 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
23
ADANI GROUP PROFILE
AMBUJA CEMENT OVERVIEW
PERFORMANCE HIGHLIGHTS
ESG UPDATE
ACCOLADES & AWARDS
ABBREVIATIONS
ACC (Consolidated) Cement Business (% Change YoY)
RAW MATERIAL (₹/ton)
POWER AND FUEL (₹/ton)
FREIGHT AND FORWARDING (₹/ton)
OTHER EXPENSES (₹ /ton)
6%
30%
9%
4%
801
760
714
1,136
837
790
1,034
1,000
500
483
479
939
Dec-23
Sep-24
Dec-24
Dec-23
Sep-24
Dec-24
Dec-23
Sep-24
Dec-24
Dec-23
Sep-24
Sep-24
Costs are higher mainly on account of higher Gypsum Cost by 4.4% @ Rs. 2,201/t & higher purchased clinker consumption (Excluding this cost lower by 2%). Besides constant endeavors to − Optimize raw mix (minimizing costlier imported raw material consumption)
is
− Entering
term arrangements for assured supply with optimized costs
long
Will further bring down the costs in coming quarters
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 in lower fuels costs from Rs 1.86 to Rs 1.65/’000 kCal
consumption resulted
– Maximization consumption TSR by 0.4 pp @9.6%
alternative
fuel leading to higher
Freight and forwarding costs reduced by 9% & expected to reduce further in coming various initiatives like – Model shift in logistics with lower
quarters
with
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 reduced mainly due to
expenses
have
been
– Unified Business model with new & lean business structure – Automation and Digitization to
leading
initiatives simplified processes with
– synergies
group company resulting in better rates wherever negotiated possible
24
ADANI GROUP PROFILE
AMBUJA CEMENT OVERVIEW
PERFORMANCE HIGHLIGHTS
ESG UPDATE
ACCOLADES & AWARDS
ABBREVIATIONS
Capex updates
25
ADANI GROUP ADANI GROUP PROFILE PROFILE
AMBUJA CEMENT AMBUJA CEMENT OVERVIEW OVERVIEW
PERFORMANCE PERFORMANCE HIGHLIGHTS HIGHLIGHTS
ESG ESG UPDATE UPDATE
ACCOLADES & ACCOLADES & AWARDS AWARDS
ABBREVIATIONS ABBREVIATIONS
Roadmap to 140 MTPA - 97* at present, 104 by FY’25, 118 by FY’26 and 140 MTPA by FY’28
Expansion Project
Capacity (MTPA)
Clinker
Cement
Expected completion
Status Update
Bhatapara Line 3 (CU)
4.0
Sankrail (GU)
Farakka (GU)
Sindri (GU)
Salai Banwa (GU)
Bathinda
Marwar (GU)
-
-
-
-
-
-
Maratha Line 2 (CU)
4.0
Dahej Line-2 (GU)
Kalamboli (Blending)
-
-
Jodhpur (Penna IU)
3.0
Krishnapatnam Penna (GU)
Warishaliganj (GU)
-
-
-
2.4
2.4
1.6
2.4
1.2
2.4
-
1.2
1.0
2.0
2.0
2.4
Total
11.0
21.0
* includes 8.5 MTPA capacity of Orient Cement
*
Q4 FY'25
Q4 FY'25
Q4 FY’25 (Phase I)
Q4 FY'25
• Advance stages of completion and commissioning
Q1 FY'26
• Major equipments received at site, Civil work under progress
Q2 FY’26
Q2 FY'26
Q3 FY'26
Q3 FY’26
• Ongoing Civil work, major equipments expected soon to be received
at the site
Q3 FY'26
• Civil work commenced, major equipment supplies tied up
Q3 FY’26
Q3 FY'26
• Major equipments received at site, Civil work substantially
completed
Q4 FY’26
• Civil work substantially completed; major equipments ordered
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)
Cement
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
• 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 26 26
ADANI GROUP ADANI GROUP PROFILE PROFILE
AMBUJA CEMENT AMBUJA CEMENT OVERVIEW OVERVIEW
PERFORMANCE PERFORMANCE HIGHLIGHTS HIGHLIGHTS
ESG ESG UPDATE UPDATE
ACCOLADES & ACCOLADES & AWARDS AWARDS
ABBREVIATIONS ABBREVIATIONS
68
1
6
$
1
2
77
2
9
97
10
15
6
104
* 21
140
Ambuja’s Consolidated Operating Capacity Sep’22 (time of acquisition)
Ametha Dec’23
Sanghi Ind Ltd. Dec’23
Dahej Jul’23
Asian Cement and Concrete Jan’24
Ambuja’s consolidated Capacity as of FY 2024
My Home Ind Apr’24
Penna Cement (Operational)
Orient Cement
Ambuja’s Consolidated operating Capacity post Penna & Orient acquisition
Projects Under advanced stage of execution
Ambuja’s Consolidated operating Capacity as at Mar’25
Brownfield expansions (at various stages)
Strategic Roadmap Ready
Consolidated Capacity end of FY 2028
This lays a clear roadmap to achieve targeted capacity of 140 MTPA before FY’28 Substantial Capex programs for Capacity expansion are Brownfield Projects
* Includes under construction Penna cement plants / RTE(Right to Execute) of Orient and other projects $ Ambuja/ACC have long term purchase agreement with Dahej plant of Ambuja Cement Industries Ltd., 100% subsidiary of Adani Cementation limited
27
ADANI GROUP PROFILE
AMBUJA CEMENT OVERVIEW
PERFORMANCE HIGHLIGHTS
ESG UPDATE
ACCOLADES & AWARDS
ABBREVIATIONS
Adani Cement – Capacity Enhancement Enablers
Cement Capacity (MTPA)
16%
With Orient Cements
97
67.5
77
89
1.
2.
Land: land already in possession/ available with group / in advance stages of acquisition
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
140
50%+ by 2028)
104
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
Sept'22 FY'24 Oct'24 Oct'24
FY'25
FY'28
facilitate improved volumes and margins
7.
Strong Balance Sheet: Ambuja continues to remain debt free with net worth of Rs. 62,535 Cr, cash and cash equivalents of Rs. 8,755 Cr and Crisil AAA (stable) / A1+ credit rating maintained.
Adani Cement business will implement its accelerated capex program through internal accruals. Business will continue to remain debt free
28
ADANI GROUP PROFILE
AMBUJA CEMENT OVERVIEW
PERFORMANCE HIGHLIGHTS
ESG UPDATE
ACCOLADES & AWARDS
ABBREVIATIONS
Ambuja Cement (consolidated): Cash & Cash Equivalents position
$
32,448
62,535
$
Cash & Cash Equivalent for the last Seven quarters Cash & Cash Equivalent for the last Seven quarters
Sanghi Acq. 3,485 Cr
Penna Acq. 7,835 Cr
18,299
15,999
8,142
7,488
7,267
9,454
11,530 11,886 11,721
8,591
10,135
8,755
Jun-22
15th Sep’22
Sep-22 Dec-22 Mar-23 Jun-23 Sep-23
Dec-23 Mar-24 Jun-24
Sep-24
Dec-24
Under Holcim
Under Holcim
Under Adani Under Adani Family
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
*Including orient cement this will go up to 97 MTPA $ Net worth in Cr
29
ADANI GROUP PROFILE
AMBUJA CEMENT OVERVIEW
PERFORMANCE HIGHLIGHTS
ESG UPDATE
ACCOLADES & AWARDS
ABBREVIATIONS
04 ESG
Overview
30
ADANI GROUP PROFILE
AMBUJA CEMENT OVERVIEW
PERFORMANCE HIGHLIGHTS
ESG UPDATE
ACCOLADES & AWARDS
ABBREVIATIONS
Adani Cement: Stakeholder value creation
Environmental
Society
Governance
− 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 through community development
people 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
31
ADANI GROUP PROFILE
ADANI CEMENT OVERVIEW
PERFORMANCE HIGHLIGHTS
ESG UPDATE
ACCOLADES & AWARDS
ESG Framework
Adani Group Vision & ESG Framework
Vision
To be a world class leader in businesses that enrich lives and contribute to nations in building infrastructure through sustainable value creation.
Policies
Assurance
ESG
Guiding principle
Commitment
Our ESG Ambition
• Net Zero
ESG Reporting Framework
ESG Rating Agencies
• Waste to Resource
• Water Positive
• Biodiversity Positive
• Zero Harm
• Engaged Communities
• Zero Non-Compliance
We are aligned with above ESG Reporting Frameworks & rated by these Rating Agencies
32
ADANI GROUP ADANI GROUP PROFILE PROFILE
AMBUJA CEMENT AMBUJA CEMENT OVERVIEW OVERVIEW
PERFORMANCE PERFORMANCE HIGHLIGHTS HIGHLIGHTS
ESG ESG UPDATE UPDATE
ACCOLADES & ACCOLADES & AWARDS AWARDS
ABBREVIATIONS ABBREVIATIONS
ESG Ratings
RATING AGENCIES
AMBUJA
DJSI(2023)
CDP - CC
CDP - WS
66
A-
B
ACC
67
A-
B
Sustainalytics
28.5 Medium risk
21.8 Medium risk
MSCI
BB
-
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
33
ADANI GROUP ADANI GROUP PROFILE PROFILE
AMBUJA CEMENT AMBUJA CEMENT OVERVIEW OVERVIEW
PERFORMANCE PERFORMANCE HIGHLIGHTS HIGHLIGHTS
ESG ESG UPDATE UPDATE
ACCOLADES & ACCOLADES & AWARDS AWARDS
ABBREVIATIONS 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)
Circular Economy (Use of waste derived resources MnT/yr)
Water & Nature (Water Positive)
Water & Nature (Trees Planted - Million)
People & Community (beneficiaries – million)
453
60%
21
10x
2.4 2.4 Million
2.4 3.5 Million
512
27.3%
2.0
11.2x
1.4
till FY 24
3.3
till FY 24
400
60%
30
5x
5.9
3.5
471
18.5%
2.8
0.17x
4.9 4.9 Million till FY 24 till FY 24
4.9 1.45 Million till FY 24 till FY 24
Net Zero Commitment: Committed to Net Zero by 2050 with Near-Term (2030) targets validated; Ambuja and ACC are the only two cement companies in the country to make this commitment
34
34
ADANI GROUP PROFILE
AMBUJA CEMENT OVERVIEW
PERFORMANCE HIGHLIGHTS
ESG UPDATE
ACCOLADES & AWARDS
ABBREVIATIONS
Corporate Social Responsibility
35
ADANI GROUP PROFILE
AMBUJA CEMENT OVERVIEW
PERFORMANCE HIGHLIGHTS
ESG UPDATE
ACCOLADES & AWARDS
ABBREVIATIONS
Corporate Social Responsibility (Ambuja Consolidated)
Livelihoods
Water Resource Management
Quality Healthcare
➢ 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
SEDI – Skill and Entrepreneurship Development Institute SHG – Small Help Groups RRWHS – Rain Water Harvesting System MHM – Menstrual Hygiene Management WASH - Water, Sanitation, and Hygiene
➢ 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
36
ADANI GROUP PROFILE
AMBUJA CEMENT OVERVIEW
PERFORMANCE HIGHLIGHTS
ESG UPDATE
ACCOLADES & AWARDS
ABBREVIATIONS
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
37
ADANI GROUP PROFILE
AMBUJA CEMENT OVERVIEW
PERFORMANCE HIGHLIGHTS
ESG UPDATE
ACCOLADES & AWARDS
ABBREVIATIONS
Board & Committee Structure *
Board of Directors
Statutory Committees
Governance Committees
Audit Committee
CSR Committee
Nomination & Remuneration Committee
Corporate Responsibility Committee
Public Consumer Committee
Info.Tech & Data Security Committee
Stakeholder Relationship Committee
Risk Mgt. Committee
Key committees like Audit, NRC, CRC & Public Consumer Committee
comprise of 100% independent directors
Reputation Risk Committee
M&A Committee
Commodity Price Risk Committee
Meeting Frequency:
Composition:
Legal, Regulatory & Tax Committee
Quarterly
Half Yearly
As and when
100% Independent
75% Independent
50% Independent
* Every year independent evaluation of Independent Directors 100 % Board attendance Ambuja Cements is placed in the 'Good' category by Institutional Investor Advisory Services (IiAS) in the Indian Corporate Governance Scorecard (2023)
38
ADANI GROUP ADANI GROUP PROFILE PROFILE
AMBUJA CEMENT AMBUJA CEMENT OVERVIEW OVERVIEW
PERFORMANCE PERFORMANCE HIGHLIGHTS HIGHLIGHTS
ESG ESG UPDATE UPDATE
ACCOLADES & ACCOLADES & AWARDS AWARDS
ABBREVIATIONS ABBREVIATIONS
Quick links (From Ambuja & ACC websites)
Particulars
Ambuja
ACC
Policy Framework
Sustainability Report (FY’24)
Integrated Annual Report (FY’24)
Digital BRSR
ESG Profile
Tax Transparency Report *
Link
Link
Link
Link
Link
Link
Link
Link
Link
Link
Link
Link
* Contribution towards economic development & sustainability Rs 13,361 Cr (FY’23)
39
39
ADANI GROUP PROFILE
AMBUJA CEMENT OVERVIEW
PERFORMANCE HIGHLIGHTS
ESG UPDATE
ACCOLADES & AWARDS
ABBREVIATIONS
05 Accolades
& Awards
40
ADANI GROUP PROFILE
AMBUJA CEMENT OVERVIEW
PERFORMANCE HIGHLIGHTS
ESG UPDATE
ACCOLADES & AWARDS
ABBREVIATIONS
Accolades & Awards
01
03
02
04
01
Ambuja Cements receives the prestigious Golden Peacock Award for showcasing excellence in ESG initiatives at IOD’s Annual Global Convention on Corporate Governance and Sustainability held in London, UK
2024
02
Ambuja Cements' Marwar Mundwa and Darlaghat Sites receives the IconSWM-CE Excellence Award 2024 for excellence in co-processing and AFR.
03 04
Ambuja Cements receives the prestigious CII SCALE Award 2024 for Excellence in Logistics
Ambuja Cements clinches Gold at the Arogya World Healthy Workplace Awards 2024
41
ADANI GROUP PROFILE
AMBUJA CEMENT OVERVIEW
PERFORMANCE HIGHLIGHTS
ESG UPDATE
ACCOLADES & AWARDS
ABBREVIATIONS
06Abbreviations
42
ADANI GROUP PROFILE
AMBUJA CEMENT OVERVIEW
PERFORMANCE HIGHLIGHTS
ESG UPDATE
ACCOLADES & AWARDS
ABBREVIATIONS
Abbreviations
ATGL
AEL
Adani Total Gas Ltd
Adani Enterprises Limited
APSEZ
Adani Ports and Special Economic Zone Limited
AESL
APL
AGEL
AAHL
ARTL
ANIL
AWL
ADL
NDTV
AIMSL
OCL
GDP
MSCI
Adani Energy Solutions Limited
Adani Power Limited
Adani Green Energy Limited
Adani Airport Holdings Limited
Adani Roads Transport Limited
Adani New Industries Limited
Adani Wilmar Limited
Adani Digital Limited
New Delhi Television Ltd
Adani Infra Mgt Services Pvt Ltd
Orient Cement Limited
Gross Domestic Product
Morgan Stanley Capital International
NABARD
National Bank For Agriculture And Rural Development
LC
Letter of Credit
RRWHS
Rainwater Harvesting System
SBTi
SD
CSR
CII
Science Based Targets initiatives
Sustainable Development
Corporate Social Responsibility
Confederation of Indian Industry
MnT.
CLC
PLI
TCO
AFR
WHRS
MTPA
BCT
IHB
GU
EC
CTE
O&M
PSU
NBFC
GCCA
ESG
B2C
SEDI
SHG
TSR
OPC
Million Tonne
Clinker and Cement
Production Linked Incentive
Total Cost Basis
Alternate Fuels and Raw Material
Waste Heat Recovery System
Million Tonne Per Annum
Bulk Cement Terminal
Individual Home Builder
Grinding Unit
Environment Clearance
Consent to Establish
Operations & Maintenance
Public Sector Undertaking
ENOC
Energy Network Operation Centre
FI
RMX
BCCI
IHB
UoM
PMT
KPI
LOI
GCC
EPC
CU
DJSI
Financial Institution
Ready- Mix Concrete
Bulk Container Corporation of India
Individual Home Buyer
Unit of Measurement
Per Metric Tonne
Key Performance Indicators
Letter of Intent
Global Capability Centre
Engineering, Procurement and Construction
Clinkerization Unit
Dow Jones Sustainability Index
Non-Banking Financial Company
Global Cement Concrete Association
Environmental, Social & Governance
Business to Consumer
Skill and Entrepreneurship Development Institute
Self Help Group
Thermal Substitution Rate
Ordinary Portland Cement
CDP-CC
CDP Climate Change
CDP-WS
CDP Water Security
UN SDG
United Nations Sustainable Development Goals
BCFC
WASH
MHM
NRC
CRC
Bottom Discharge Wagon
Water, Sanitation & Hygiene
Menstrual Hygiene Management
Nomination and Renumeration Committee
Corporate Responsibility Committee
43
AMRL
ACC Mineral Resources Limited
Details of Q3 FY’25 Earnings call
AMBUJA CEMENT OVERVIEW
PERFORMANCE HIGHLIGHTS
ADANI GROUP PROFILE
ESG UPDATE
ACCOLADES & AWARDS
Management Representation
▪ Mr. Ajay Kapur - Chief Executive Officer
▪ Mr. Vinod Bahety - Chief Financial Officer
Details of the conference call
Time: 2:00 PM IST on Wednesday, January 29, 2025
Conference dial-in:
India (Mumbai)
USA
UK
+91 22 6280 1123
+91 22 7115 8227
+1 866 7462 133
+0 808 1011 573
Singapore Toll Free No.
+800 1012 045
Hong Kong Toll Free No.
+800 9644 48
ABBREVIATIONS
44
Disclaimer
Certain statements made in this presentation may not be based on historical information or facts and may be “forward-looking statements,” including those relating to general business plans and strategy of Ambuja Cements Limited (“Ambuja”), the future outlook and growth prospects, and future developments of the business and the competitive and regulatory environment, and statements which contain words or phrases such as ‘will’, ‘expected to’, etc., or similar expressions or variations of such expressions. Actual results may differ materially from these forward-looking statements due to number of factors, including future changes or developments in their business, their competitive environment, their ability to implement their strategies and initiatives and respond to technological changes and political, economic, regulatory and social conditions in India. This presentation does not constitute a prospectus, offering circular or offering memorandum or an offer, or a solicitation of any offer, to purchase or sell, any shares and should not be considered as a recommendation that any investor should subscribe for or purchase any of Ambuja’s shares. Neither this presentation nor any other documentation or information (or any part thereof) delivered or supplied under or in relation to the shares shall be deemed to constitute an offer of or an invitation by or on behalf of Ambuja.
Ambuja, as such, makes no representation or warranty, express or implied, as to, and does not accept any responsibility or liability with respect to, the fairness, accuracy, completeness or correctness of any information or opinions contained herein. The information contained in this presentation, unless otherwise specified is only current as of the date of this presentation. Ambuja assumes no responsibility to publicly amend, modify or revise any forward-looking statements, based on any subsequent development, information or events, or otherwise. Unless otherwise stated in this document, the information contained herein is based on management information and estimates. The information contained herein is subject to change without notice and past performance is not indicative of future results. Ambuja may alter, modify or otherwise change in any manner the content of this presentation, without obligation to notify any person of such revision or changes.
No person is authorized to give any information or to make any representation not contained in and not consistent with this presentation and, if given or made, such information or representation must not be relied upon as having been authorized by or on behalf of Ambuja.
This presentation does not constitute an offer or invitation to purchase or subscribe for any securities in any jurisdiction, including the United States. No part of this presentation should form the basis of or be relied upon in connection with any investment decision or any contract or commitment to purchase or subscribe for any securities. None of our securities may be offered or sold in the United States, without registration under the U.S. Securities Act of 1933, as amended, or pursuant to an exemption from registration therefrom.
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
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