Orient Cement Limited

16%

| Q4 & FY’26 1 Consolidated Highlights: FY’26 Cement Sales Volume (MnT) Ambuja Cements recorded 16% volume growth in FY’26; ahead of the Industry Quarterly +10% 16.6 18.9 19.9 18.2 18.4 Yearl

10%

olume (MnT) Ambuja Cements recorded 16% volume growth in FY’26; ahead of the Industry Quarterly +10% 16.6 18.9 19.9 18.2 18.4 Yearly +16% 73.7 80.0 63.5 Q4FY’25 Q1FY’26 Q2FY’26 Q3FY’26

Rs 887

2 Consolidated Highlights: FY’26 Operating EBITDA (Rs PMT) Ambuja delivered annual EBITDA PMT of Rs 887 despite quarterly volatility Quarterly 1,028 1,069 1,060 718 735 Yearly +12% 887 789 Q4FY

12%

ITDA PMT of Rs 887 despite quarterly volatility Quarterly 1,028 1,069 1,060 718 735 Yearly +12% 887 789 Q4FY’25 Q1FY’26 Q2FY’26 Q3FY’26 Q4FY’26 FY’25 * FY’26 * Excluding one-time incom

Rs 826

6 FY’25 * FY’26 * Excluding one-time income, Excise Duty refund (Gagal and Darlaghat plant) of Rs 826 Cr and GST incentive of Rs 138 Cr in FY’25 3 Impact of West Asia War The quarter was impacted by

Rs 138

one-time income, Excise Duty refund (Gagal and Darlaghat plant) of Rs 826 Cr and GST incentive of Rs 138 Cr in FY’25 3 Impact of West Asia War The quarter was impacted by fuel cost inflation, packaging

35%

flation and weaker monsoon expected in H1FY’27 Imported Petcoke CFR (USD/t) Mitigation Measures: 35% Increase in Q4 160 108 113 119 175 150 125 100 75 50 July'25 Oct'25 Jan'26

5%

d inventory management. Demand Outlook: ➢ Demand growth for FY27 is expected to remain soft at ~5%, factoring in early forecasts of a below normal monsoon, which could adversely impact agricultura

109 MT

opment Operations Value Creation Capacity Expansion • Cement Capacity as on 31st March stands at 109 MTPA • clinkering Jodhpur line with 3 MTPA at commissioned. Trial run has started for a 1.2 MTPA

3 MT

Expansion • Cement Capacity as on 31st March stands at 109 MTPA • clinkering Jodhpur line with 3 MTPA at commissioned. Trial run has started for a 1.2 MTPA Dahej GU Line 2 • Projects to be commiss

1.2 MT

t 109 MTPA • clinkering Jodhpur line with 3 MTPA at commissioned. Trial run has started for a 1.2 MTPA Dahej GU Line 2 • Projects to be commissioned in H1FY’27: Grinding capacities in Dahej (1.2 MT

2.4 MT

mmissioned in H1FY’27: Grinding capacities in Dahej (1.2 MTPA), Bhatinda (1.2 MTPA), Salai Banwa (2.4 MTPA), Kalamboli (1 MTPA), Jodhpur (2 MTPA), Warisaliganj (2.4 MTPA) and additional clinker unit at

“➢ Demand growth for FY27 is expected to remain soft at ~5%, factoring in early forecasts of a below normal monsoon, which could adversely impact agricultural output and housing demand, as well as ongoing West Asia conflicts leading to fuel price volatility.”

“10 Adani Portfolio: Best-in class growth with national footprint Predictable, high and rising free cash flow National footprint with deep coverage Tax paid Finance cost paid CAT (FFO) EBITDA 24,870 12,784 (51%) 10,418 (42%) 1,668 FY19 FY20 FY21 FY22 FY23 FY24 FY25 EBITDA 92,943 65,016 (70%) 22,819 (25%) 5,109 Sept'25 TTM AEL APSEZ AGEL ATGL AESL APL Ambuja Cement Adani’s Core Infra.”

“Origination Site Development Construction • Analysis & market • Site acquisition • Engineering & design intelligence • Viability analysis • Concessions & regulatory agreements • Sourcing & quality • Project Management Consultancy (PMC) OPERATIONS Operations (AIMSL) 2 Operation • Life cycle O&M planning CONSUMERS New C.E.O.”

“(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.”

“There has been reversal of tax provisions in both the standalone and consolidated financials of Ambuja Cements during FY26, primarily on account of the mergers of Sanghi (wef 1st April 2024), and Penna (wef 16th August 2024), both of which have now been successfully completed.”

“The overall one-time benefit in the consolidated financials for FY26 is approximately Rs 1,365 Cr.”

“There has been reversal of tax provisions in both the standalone and consolidated financials of Ambuja Cements during FY26, primarily on account of the mergers of Sanghi (wef 1st April 2024), and Penna (wef 16th August 2024), both of which have now been successfully completed.”

“The overall one-time benefit in the consolidated financials for FY26 is approximately Rs 1,365 Cr.”

Mitigation Measures

1

Demand Outlook

1

Costs increased due to

1

Mitigation Measures

35% Increase in Q4 160 108 113 119 175 150 125 100 75 50 July'25 Oct'25 Jan'26 Apr'26 Source: ARGUS ➢ The Company is actively strengthening cost- mitigation measures through fuel mix optimization, higher renewable energy usage, reducing logistics costs via rail and sea, and disciplined production and inventory management.

Demand Outlook

➢ Demand growth for FY27 is expected to remain soft at ~5%, factoring in early forecasts of a below normal monsoon, which could adversely impact agricultural output and housing demand, as well as ongoing West Asia conflicts leading to fuel price volatility. 4 Builders of Progress in India Development Operations Value Creation Capacity Expansion • Cement Capacity as on 31st March stands at 109 MTPA • clinkering Jodhpur line with 3 MTPA at commissioned. Trial run has started for a 1.2 MTPA Dahej GU Line 2 • Projects to be commissioned in H1FY’27: Grinding capacities in Dahej (1.2 MTPA), Bhatinda (1.2 MTPA), Salai Banwa (2.4 MTPA), Kalamboli (1 MTPA), Jodhpur (2 MTPA), Warisaliganj (2.4 MTPA) and additional clinker unit at Maratha (4 MTPA). The total capacity will increase to ~119 MTPA* • Focus shifting newly commissioned capacities and improving utilisation across the existing base stabilising towards • Overall capacity utilisation improved by 5% sequentially to 77% on consolidated basis

Costs increased due to

− Higher branding expenses − Higher packing material costs − Incremental shutdown costs − Additional goods tax in certain state Excluding these items, the costs are at same level of previous year 27 Performance Highlights Clinker and Cement (CLC) Sales Volumes Companies Listed companies Ambuja Standalone ACC Orient Sanghi Other Companies Gross Cement Sales (-) Cement Sales (under MSA) Net Cement Sales (Ambuja Consolidated) Net Clinker Sales Net CLC Sales Volume Mar'25 Q Dec'25 Q Mar'26 Q vs QoQ vs YoY 11.1 11.1 0.0 0.6 1.7 24.4 (6.3) 18.2 0.5 18.7 12.0 11.3 1.7 0.7 1.8 27.4 (8.5) 18.9 0.1 19.0 12.1 11.9 1.6 0.8 1.8 28.2 (8.3) 19.9 0.2 20.1 1% 5% (5%) 25% (1%) 3% (3%) 6% 60% 6% 9% 8% 0% 33% 5% 15% 31% 10% (57%) 8% MnT Capacity Utilisation Mar’26 Q 87% 80% 76% 57% 77% 28 Cash & Cash Equivalent Cash & Cash Equivalent Synopsis of the movements in Cash & Cash Equivalent Particulars Opening balance as on 1st Apr 2025 (+) Cash flow from operating activities (+) Cash flow from Investing activi