ACC : Investors Presentation - 1st May, 2024

1st May, 2024
To,	To,
BSE Limited	National Stock Exchange of India Limited
Scrip Code: 500410	Scrip Code: ACC

Sub: Investor Presentation under Regulation 3o of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Dear Sir/Madam,

In continuation of our letter dated 20th April 2024 regarding Analyst/Institutional call scheduled on 2nd May 2024 we are enclosing herewith Presentation titled 'Operational and Financial Highlights' of the Company for the quarter and year ended on 31st March, 2024.

The above information shall also be made available on the Company's website at www.acclimited.comunder Investor Presentation tab.

Kindly take the above on your records.

Thanking you,

Yours faithfully,

For ACC Limited

Manish Vinodchandra Mistry

Digitally signed by Manish Vinodchandra Mistry DN: c=IN, o=Personal, title=6862, 2.5.4.20=4a40cf551f16e069b510d62dabb2fe3844092022ab13f41 ba7cecec54b84835d, postalCode=390011, st=Gujarat, serialNumber=22e5c090745d8aa6215231e47ce2beb81d0422fc2 66339ee63d2026d0c6a15c4, cn=Manish Vinodchandra Mistry Date: 2024.05.01 14:00:01 +05'30'

Manish Mistry

Company Secretary & Compliance Officer Encl.: as above.

Registered Office:

Adani Corporate House

Shantigram, S. G. Highway, Khodiyar,

Ahmedabad - 382 421, Gujarat, India

Ph [phone]

www.acclimited.com

CIN: L26940GJ1936PLC149771

Operational

& Financial Highlights

For the Quarter Ended March 31, 2024

Performance at a glance FY24

Ambuja Cement consolidated

Lifetime highest Annualised PAT for both Ambuja & ACC

REVENUE

(in R Cr)

R2,123+

(+7%)

12M	33,160
FY24
12M
31,037
FY23

EBITDA

(Excluding other income, in R Cr)

R2,702+

(+73%)

12M	6,400
FY24
12M
3,698
FY23

EBITDA

(Excluding other income, in R/Ton)

R406+

(+60%)

12M	1,081
FY24
12M
676
FY23

PAT

(in R Cr)

R2,549+

(+119%)

12M	4,738
FY24
12M
2,168
FY23

*

2

Performance at a glance Q4 FY24

Ambuja Cement consolidated

Highest ever Clinker & Cement sales over last 20 qtrs. at 16.6 Mn T

REVENUE

(in R Cr)

R928+

(+12%)

Q4
FY24	8,894
Q4
FY23	7,966

EBITDA

(Excluding other income, in R Cr)

R460+

(+37%)

Q4FY24	1,699
Q4FY23
1,239

EBITDA

(Excluding other income, in R/Ton)

R148+

(+17%)

Q4FY24	1,026
Q4FY23
877

PAT

(in R Cr)

R762+

(+100%)

Q4FY24	1,526
Q4FY23
763

3

Builders of Progress in India

Development

Well poised for Growth

79 MTPA capacity (11.4 MTPA added in last 18 months) On track to achieve 140 MTPA by 2028

• 20 MTPA under execution
• 41 MTPA at various stages

Cost Leadership

10% cost reduction during last 18 months, target to reach 3650 PMT by 2028

Market Leadership

Iconic brands with high Brand Equity

Operations

Asset Footprint

• Pan India asset footprint
• Advantage coastal movement & rail infrastructure

Supply Chain Excellence

• Leveraging rail, sea and BCT/GUs infrastructure for lower logistics cost

Sales & Marketing Excellence

• Highest % of trade sales within peers , catering to profitable IHB segment
• Premium cement @ 24% of Trade sales, amongst highest in the industry
• Digitization to help grow granular markets

Value Creation

Stakeholders

NIL Debt, growth capex to be met by operating cash flows / internal accruals

To retain warchest of 20,000 Cr received under warrants program for strategic opportunities

Societal

• 3.3 Million people benefit under community development projects

Environmental

• Ahead of Sustainable Development (SD) 2030 Plan
• Target 60% Green Power & 27% TSR by 2028
• Water positivity (11x) and circular economy (8x plastic negative) achieved

4

Contents

01 02

Adani Group		Adani Cement -
Profile	6	Overview

04 05

ESG Update	Accolades &
32 Awards

03

	Performance
10	Highlights	16

06

41	Abbreviation
45

5

01 Adani Group

Profile

ADANI GROUP	ADANI CEMENT	PERFORMANCE	ESG	ACCOLADES &	ABBREVIATIONS
PROFILE	OVERVIEW	HIGHLIGHTS	UPDATE	AWARDS

Adani: A World Class Infrastructure & Utility Portfolio

Flagship

Infrastructure & Utility Core Portfolio

Primary Industry

Emerging B2C

Incubator

Energy & Utility

Transport & Logistics

Materials, Metal &

Mining

Direct to consumer

(72.6%)

AEL

(56.4%)

AGEL

Renewables

(37.4%)

ATGL2

Gas Discom

(100%)

ANIL

New Industries

(73.2%)

AESL

T&D

(71.8%)

APL

IPP

(50%)

AdaniConneX3

Data Centre

(65.9%)	(100%)
APSEZ		NQXT1
Ports & Logistics

(100%)	(100%)
AAHL		ARTL
Airports		Roads

(66.7%)

Cement4

(100%)

Copper, Aluminum

(100%)

PVC

(100%)

Specialist

Manufacturing5

(100%)

Mining Services & Commercial Mining

(44.0%)

AWL

Food FMCG

(64.71%)

NDTV

(100%)

ADL

Digital

(%): Promoter equity stake in Adani Portfolio companies (%): AEL equity stake in its subsidiaries

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. Adani Cement includes 66.74% stake in Ambuja Cements which in turn owns 50.05% in ACC Limited. Adani directly owns 6.64% stake in ACC Limited. Ambuja Cements Ltd. holds 60.44% stake in Sanghi Industries Ltd.| 5. Includes the manufacturing of Defense and Aerospace Equipment | 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 Limited; IPP: Independent Power Producer | NDTV: New Delhi Television Ltd | PVC: Polyvinyl Chloride l Promotors holding are as on 31st March, 2024.

7

ADANI GROUP	ADANI CEMENT	PERFORMANCE	ESG	ACCOLADES &	ABBREVIATIONS
PROFILE	OVERVIEW	HIGHLIGHTS	UPDATE	AWARDS

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 70% 1,2	EBITDA 92% 1,4

		AEL
Growth 3x 6	Growth 1.4x 6	APSEZ
AGEL
		ATGL
EBITDA 91% 1,3,5	EBITDA 24% 1,3	AESL
APL
		Adani Cement

Adani's Core Infra. Platform -

320 Mn Userbase

Note: 1. Provisional Data for FY24 (FY 23A for APSEZ) ; 2. Margin for indian ports business only, Excludes forex gains/losses; 3. EBITDA = PBT + Depreciation + Net Finance Costs - Other Income; 4. EBITDA Margin represents EBITDA earned from power supply 5. Operating EBITDA margin of transmission business only, does not include distribution business, 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 MMT 339(13%) between 2014 and 2023, outpacing the industry's growth from 972 MMT to 1433 MMT (4%). 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, ATGL-Adani Total Gas Limited, 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 l Growth represents the comparison with respective industry segment.

8

ADANI GROUP	ADANI CEMENT PERFORMANCE	ESG	ACCOLADES &	ABBREVIATIONS
PROFILE	OVERVIEW	HIGHLIGHTS	UPDATE	AWARDS
Adani Portfolio: Repeatable, robust & proven transformative model of investment
	Phase			Development		Operations	Post Operations
Center of Excellence	Project Management & Assurance Group (AIIL)	AIMSL1	Policy -Strategy - Risk
	Origination	Site Development	Construction	Operation	Capital Mgmt

Performance Activity

•

Analysis & market

•

Site acquisition

•

Engineering & design

•

Life cycleO&M planning

•

Redesigning capital

structure

intelligence

•

Concessions & regulatory

•

Sourcing & quality levels

•

Asset Management plan

of assets

•

Viability analysis

•

Operational phase funding

agreements

•

Equity & debt funding at

•

Strategic value

consistent with asset life

•

Investment case development

project

India's Largest

Longest Private HVDC

2,140 MW Hybrid

Energy Network Operation

•

Duration Risk Matching

Commercial Port

Line in Asia

cluster operationalized

Center (ENOC)

• Forex Currency Risk Management

(at Mundra)

(Mundra - Mohindergarh)

in Rajasthan in FY23

Centralized continuous

•

Interest Rate Risk management

India's first and

•

Governance & Assurance

monitoring of plants

Highest Margin

Highest line

World's largest solar-

across India on a single

(ABEX -Adani Business Excellence)

among Peers

availability

wind hybrid cluster

cloud based platform

2016March

27%

5%

March2024

14

14%

31%

%

31% 55%

20%

2%

1%

PSU

Pvt. Banks

Bonds

2

DII

Global Int. Banks

Capex LC

Note 1 Adani Environmental Resource Management Services Ltd. (additional company is being proposed) I 2 Based on provisional FY 24 data.

O&M: Operations & Maintenance, HVDC: High voltage, direct current, PSU: Public Sector Undertaking (Public Banks in India), GMTN: Global Medium-Term Notes SLB: Sustainability Linked
Bonds, AEML: Adani Electricity Mumbai Ltd., AIMSL : Adani Infra Mgt Services Pvt Ltd, IG: Investment Grade, LC: Letter of Credit, DII: Domestic Institutional Investors, COP26: 2021 United	9
Nations Climate Change Conference; AGEL: Adani Green Energy Ltd . ,NBFC: Non-Banking Financial Company l AIIL : Adani Infra India Limited