#1JKcement Investor Presentation Q3 FY24 JK Great Place To WorkⓇ Certified Feb 2023-Feb 2024 INDIA#2Agenda 1 ESG & CSR Update 2 Company Overview 3 Q31 Q3 FY24 Performance#31 ESG & CSR#4Dec'23 13 FY23 Target FY30 YTD Key ESG Metrics and Sustainability Goals Shaping a sustainable future Thermal Substitution Rate CO2 Emission (Kg/Ton of Cementitious Material) 520 Green Power Mix (%) (%) Water Positivity (Times) 44 13.9 4.5 519 50 14.6 4.5 465 75 35 5 Specific Net Scope 1 emission reduced by 10.5% from 580 in base year FY20 Excluding Panna/Hamirpur JKcement Green Power mix was 19% in base year FY20, now stood at 50% moving towards Green Clean Energy TSR was 6% in base year FY20, now stood at 14.6%. ↓ Over 4.5 times water positive in comparison to 3 in base year FY20 4#5Social Impact & CSR Outreach Building resilient communities YTD Dec'23 *27.39 Cr Social & CSR Expenditure 50% Education Contribution for upliftment of society & eradication of poverty over 2 Lakhs beneficiaries both direct & indirect Contribution to JK Gram Trust Vikas Yojana Cattle Breeding Project Construction of Community center, pucca road, solar light installation & water supply arrangement for villagers. 24% Community Development 盒 契 ES 26% Rural Infrastructure & Health Promoting higher education and vocational training Social Merit scholarship to children and renovation of schools Impact | Contribution to mass marriage ceremony Organized camps for medical check up & eye check up, supporting 1570 TB Patients with Contribution to IIT Kanpur for establishing school of Medical Research nutritional assistance along with medical treatment under Nikshay Poshan Yojana. and Technology (SMRT) with 500 bed Super Specialty Hospital JKcement 5#6Social Impact & CSR Outreach (contd.) बीजय ज COMPUTER CLASS wel Come TO Computer Class Development of schools at villages Health Camp organized at Muddapur Eye Camp Organised at Nimbahera of cla Poshan Distribution to TB Patient at Aligarh & Hamirpur JKcement annarsteft Emer 8,8432/2172 UK CEMEN Solar Light installation & Water Supply arrangement for villagers Shiksha Prerana Merit Scholarship at Muddapur 6#72 Company Overview ПП П n П ΠΠ 17 nn Π WiMaxX#8Company Snapshot Building on a strong foundation 22.2 MTPA Grey Cement Capacity 2.21 MTPA White Cement & Wall Putty Capacity in India Paint Portfolio- Growing boundaries for Paints Business JKMAXX - PAINTS- ARMOUR PREMIUM MULSION JKMAXX PAINTS "MAXIMO ULT 158.94 MW Green Power Capacity 64.3 MW Waste Heat Recovery System (WHRS) 94.64 MW Captive Solar and Wind Power Capacity JKMAXX PAINTS DENAMELO SYNTHETIC ENAMEL Complete Portfolio Grey Cement, White Cement (Whitemaxx); value-added products like wall putty, gypsum plaster, tile adhesives & grouts, wood finishes and paints JKCement €2784.80 cr Revenue from operations €289.46 cr Profit after Tax JKMAXX PAINTS TRENDZ JKMAXX -PAINTS NINJA 8#9Promoting Renewable Energy Enhancing the share of clean Green energy 25.30MW Wind Power Generation (22 MW Agreement is till 31st Mar❜24) 22.49 MW Solar Power Generation JKcement 9#10Expansion Commissioned Ujjain Grinding Unit Unit commissioned on 24th Nov'23 within 12 months of start of work at site and 53 K MT Cement dispatched during the quarter PER1 JK SUPER STRONG JK SUPER CEMENT JKcement JK SUPER JK SUPER STRONG CKING PLAC LOADER-5 TOD GROUP कर्क्स, उज्जैन प्रथम से डिस्पे K SUPER CEMENT PHILUSAFS JK SOPER- शुक्रवार, 24 नवम्बर 2023 श्री महाकाल मंदिर उज्जैन के समर्पित MP.09.ZH.3212 10#11Expansion Greenfield Expansion at Prayagraj (Grinding Unit) Progress on Track... AAA 2.0 MTPA Clinker Silo Additional Grey Cement Capacity JKcement 2024.01.06 15:08 Status Update 2024.01.06 15:06 Hopper & Cement Mill Capex YTD Dec'23 Major Ordering & Engineering completed and equipment deliveries started. Construction is going on in full swing and expected to complete in July-Sep'24 qtr. *164 cr 11#12Expansion- 6 MTPA Capacity addition in Central India Journey for 30 MTPA Capacity 1) Present Capacity - 22.2 MTPA 2) Prayagraj Grinding Unit - 2.0 MTPA (Likely to commission in Jul-Sep'24 qtr.) 3) Proposed expansion in Central India- 6.0 MTPA Board of Directors has approved – ❖ 3.3 MTPA Clinker Line-2 at Panna, M.P. with 6.0 MTPA Additional Cement Grinding Capacity (3 MTPA in Bihar & 1 MTPA each at Panna, Hamirpur & Prayagraj) ◆ Project Cost - Rs 2850 Crores (US$ 57 per ton) Means of Finance - Borrowing upto Rs 1850 crores and balance from internal accruals. Implementation Period- Clinker Line -2 at Panna in 24 Months and Cement Grinding Capacities in 15 months from the date of start of work at site. JKcement 12#133 Performance Highlights Q3 FY24#14- Key Performance Highlights for Q3 FY24 – Grey Cement G Capacity Utilisation Grey Volume 75% 4.15 Net Sales Realisation €5,164 Million Tons per ton Blended Cement / Trade Mix Blended Cement 66% Trade mix 62% Premium Products 12% of Trade Sales JKcement 14#15Volume Highlights - Quarterly Sustained momentum Grey Business 14% ↑ YOY 6% ↑ QOQ White Business Lakh Tons 13% + YOY 8% QOQ Combined 14% ↑ YOY 4% QOQ 6.04 5.53 4.89 41.52 39.33 1.93 36.55 1.05 1.29 Q3FY23 Q2FY24 Q3FY24 36.55 39.33 41.52 3.84 4.11 4.24 Q3FY23 Q2FY24 Q3FY24 Q3FY23 Q2FY24 Q3FY24 ■Standalone ■Subsidiary Grey White Double digit volume growth in Grey & White Cement Business (YoY). JKcement 15#16Standalone Financial Highlights Particulars (Cr) Q3 FY24 Q2FY24 QoQ Q3FY23 YOY Grey Net Sales 2144 1960 9% 1,787 20% White Net Sales* 546 516 6% 494 10% Total Net Sales 2,690 2,476 9% 2,281 18% Combined EBITDA 608 447 36% 246 147% ↑ *includes Paints JKCement 16#17Consolidated Financial Highlights Particulars (Cr) Q3 FY24 Q2FY24 QoQ Q3FY23 YOY Grey Net Sales 2144 1960 9% 1,787 20% White Net Sales* 699 703 1% ↓ 591 18% Total Net Sales 2843 2663 7% 2,377 20% Combined EBITDA 625 467 34% ↑ 247 153% *includes Paints JKCement 17#18Key Cost Variables Pet coke 6.5% sulphur USA CFR ($/MT) 194.0 187.7 175.3 177.0 178.8 162.8 145.0 126.0 125.0 132.3 129.0 134.3 125.9 109.8 109.8 JKcement Diesel Prices (*/Litre) 92.70 92.70 92.70 92.70 Oct'22 Nov 22 Dec'22 Jan'23 Feb'23 Mar'23 Apr'23 May'23 Jun'23 Jul 23 Aug 23 Sept'23 Oct'23 Nov'23 Dec'23 Pet Coke Prices are range bound Diesel prices continued to remain stable during current fiscal at Rs 93 per litre Oct'22 Nov'22 Dec'22 Jan'23 Feb'23 Mar'23 Apr 23 May'23 Jun'23 Jul'23 Aug'23 Sep'23 Oc'23 Nov'23 Dec'23 18#19Cost Trend (Standalone) Energy cost ease further Energy (/MT) 1646 Q3FY23 (*/MT) 18% ✓ YOY 2% QOQ 1370 1345 Q2FY24 Q3FY24 2% reduction in fuel cost JKcement Logistics 5% ΥΟΥ 11% ↑ 1232 QOQ | 1290 1160 Q3FY23 Q2FY24 Q3FY24 Increase in lead distance due to extended footprint in East U.P. & Bihar. Busy season surcharge on rail dispatches 19#20Cost Trend (Standalone) Employee (*/MT) 11% ↑ YOY 5% 个 Other Expenses (/MT) QOQ 398 380 358 4% ✓ YOY 10% QOQ 1008 949 910 Q3FY23 Q2FY24 Q3FY24 Increased due to performance incentive & commissioning of Ujjain unit JKcement Q3FY23 Q2FY24 Q3FY24 Decreased due to lower maintenance 20#21Standalone Financial Statement QoQ YOY Particulars (Cr) Q3FY24 Q2FY24 Q3FY23 % Inc/Dec %Inc/Dec Net Sales 2690 2476 9% ↑ 2281 18% Rev from Operations 2785 2571 8% ↑ 2340 19% Operating Expenses 2176 2124 2% ↓ 2094 4% EBITDA 608 447 36% ↑ 246 147% Margins % 22.6% 18.0% 460 bps 10.8% 1180bps Depreciation 118 120 2% ↑ 101 17% ↓ Finance Cost 111 109 2% 74 50% Other Income 35 28 27% ↑ 18 92% Profit before tax 415 246 69% + 90 363% Provision for tax 125 67 88% ☑ 32 292% Profit after tax 289 179 62% + 58 402% + EPS (*) 37.4 23.1 62% ↑ 7.4 402% JKcement 21#22Consolidated Financial Statement QoQ YoY Particulars (Cr) Q3FY24 Q2FY24 Q3FY23 % Inc/Dec %Inc/Dec Net Sales 2843 2663 7% 2378 20% Rev from Operations 2935 2753 6% 2436 20% Operating Expenses 2310 2286 1% ☑ 2189 6% EBITDA 625 467 34% 247 153% Margins % 21.9% 17.5% 440 bps 10.4% 1150 bps Depreciation 140 141 0% 118 19% Finance Cost 114 115 1% 79 44% Other Income 38 29 31% 19 105% Profit before tax 409 241 70% 69 493% Provision for tax 125 65 93% 32 291% Profit after tax 284 176 61% 37 664% EPS (*) 36.7 22.6 62% 5.0 627% JKcement 22#23FY24* *As on 31st Dec, 2023 JKcement Consolidated Debt Profile Gross Debt (Cr) 4585 585 Net Debt/EBITDA 1.64 Cash (Cr) 4534 1534 FY24* FY23 FY24* 2.21 Equity (Cr) 521 5121 4640 1598 FY23 1621 1621 FY23 FY24* FY23 FY24* FY23 Net Debt (Cr) 2986 FY24* FY23 Net Debt/Equity 0.58 23 0.63 2913#24Awards & Accolades JKcement Pri 37 udi Mines Safety Week Awards Won by Dhanappa & Gotan Limestone Mine. stri GOTAN LIMESTONE MINE (CATEGORY-C) Overall Performance - First Open Cast Working - First Publicity, Propaganda & House Keeping - First Transport Roads & Dust Suppression - First DHANAPPA LIMESTONE MINE (CATEGORY-B2) Overall Performance - Second Mine Plans & Records - Second Welfare Amenities & VTC - Second JŚW MINES SAFETY OBSERVANCE WEEK-2023 MSAK ZONE-II, GROUP- A Mines HALK' 'IMES NE NE MK Cep DDA Mines Safety Week Awards Won by JK Cement Works, Muddapur & Halki Limestone Mines HALKI LIMESTONE MINE Explosives - First Prize Safety Consciousness and Safety Organization - First Prize MUDDAPUR LIMESTONE MINE Welfare Amenities - First Prize Vocational Training - First Prize 24#25JKcement Thank You