#1JKcement Investor Presentation Q2 FY24 JK Great Place To WorkⓇ Certified Feb 2023-Feb 2024 INDIA#2Agenda 1 ESG & CSR Update 2 Company Overview 3 92 Q2 FY24 Performance#31 ESG & CSR#4H1FY24 123 FY23 Target FY30 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 4.5 520 48 14.2 4.5 465 75 35 5 Specific Net Scope 1 emission reduced by 10.3% from 580 in base year FY20 Excluding Panna/Hamirpur JKcement ↓ Green Power mix was 19% in base year FY20, now stood at 48% moving towards Green Clean Energy TSR was 6% in base year FY20, now stood at 14.2%. ↓ Over 4.5 times water positive in comparison to 3 in base year FY20 4#5JK Cement's Social Impact & CSR Outreach Building resilient communities Social & CSR Expenditure *23.66 Cr 38% Education Contribution for upliftment of society & eradication of poverty over 3 Lakhs beneficiaries both direct & indirect Contribution to JK Gram Trust Vikas Yojana Cattle Breeding Project Construction of Community center, borewell, RO installation, pucca road for villagers 35% Community Development 盒 契 ES Social Impact JKcement Organized camps for medical check up, eye check up, mental health awareness session & blood donation | 27% Rural Infrastructure & Health Promoting higher education and vocational training Construction of boundary wall & toilet for girls in Govt Schools, distributed bicycle to girl students Training provided to women for Self Employment programs- tailoring, stitching, beautician & soft toy making Contribution to IIT Kanpur for establishing school of Medical Research and Technology (SMRT) with 500 bed Super Specialty Hospital 5#6JK Cement's Social Impact & CSR Outreach (contd.) Aganwadi upgradation Distribution of School bags to students ement JK cement U tarted और amenabast Construction of Road for village Eye Flu mobile van camp organized JKcement Tailoring & Beautician training to women under self employment programme Contribution to JK Gram Panchayat Trust for Cattle Breeding 6#72 Company Overview ПП П n П ΠΠ 17 nn Π WiMaxX#8Company Snapshot Building on a strong foundation 20.7 MTPA Grey Cement Capacity 2.21 MTPA White Cement & Wall Putty Capacity in India Launched J.K Maxx Paints in decorative paints space in U.P., Rajasthan, Punjab, Haryana & Chandigarh 151.13 MW Green Power Capacity 64.3 MW Waste Heat Recovery System (WHRS) 86.83 MW Captive Solar and Wind Power Capacity JKMAXX -PAINTS- "MAXIMO ULTE Complete Portfolio Grey Cement, White Cement (WhitemaxX); value-added products like wall putty, gypsum plaster, tile adhesives & grouts, wood finishes and paints JKCement *2570.72 Cr Revenue from operations *178.92 Cr Profit after Tax JKMAXX -PAINTS "MAJESTA 8 JKMAXX PAINTS NINJA#9Promoting Renewable Energy Enhancing the share of clean Green energy 25.30MW Wind Power Generation (22 MW Agreement is till 31st Mar❜24) 14.68 MW Solar Power Generation JKcement 9#10Ongoing Expansion Progress on track Cement Silo 1 Cement Mill Hopper Greenfield Expansion at Ujjain (Grinding Unit) 1.5 MTPA Additional Grey Cement Capacity Status Update Work is progressing as per schedule. Commissioning schedule - Nov-Dec'23 Capex YTD Sep'23 €232 Cr Bhoomi Pujan Cement Silo (MCS) Greenfield Expansion at Prayagraj (Grinding Unit) 2.0 MTPA Additional Grey Cement Capacity Status Update Foundation stone laid in Aug'23 & Orders for main equipments have been placed. Civil & mechanical contractors have been mobilized at site & civil work started. Capex YTD Sep'23 *61 Cr JKcement 10#113 Performance Highlights Q2 FY24#12Key Performance Highlights for Q2FY24 - Grey Cement Capacity Utilisation Grey Volume G Net Sales Realisation *4,985 Blended Cement Premium / Trade Mix Blended Cement 69% Trade mix 69% Products 13% of Trade Sales 75% 3.9 Million per ton JKcement Tons 12#13Volume Highlights - Quarterly Sustained momentum Grey Business 22% 4% ✓ YOY QOQ White Business Lakh Tons Combined 19% + YOY 15% ↑ 22%↑ YOY 2% ✓ QOQ QOQ 6.04 5.25 41.04 5.07 39.33 1.93 1.21 0.83 32.20 39.33 41.04 32.20 4.11 4.04 4.24 Q2FY24 Q1FY24 Q2FY23 Q2FY24 Q1FY24 Q2FY23 ■Standalone ■Subsidiary Q2FY24 Q1FY24 Q2FY23 Grey White Double digit volume growth in Grey & White Cement Business (YoY). On QOQ basis also, White Business registered double digit volume growth. JKcement 13#14Standalone Financial Highlights Particulars (Cr) Q2FY24 Q1FY24 QoQ Q2FY23 YOY Grey Net Sales 1960 2039 4%↓ 1,553 26% White Net Sales* 516 502 3% 531 3%↓ Total Net Sales 2,476 2,541 3% 2,084 19% Combined EBITDA 447 402 11% ↑ 304 47% ↑ *includes Paints JKCement 14#15Consolidated Financial Highlights Particulars (Cr) Q2FY24 Q1FY24 QoQ Q2FY23 YOY Grey Net Sales 1960 2,039 4%↓ 1,553 26% White Net Sales* 703 641 10% 622 13% Total Net Sales 2663 2,680 1%↓ 2,175 22% Combined EBITDA 467 408 14% ↑ 311 50% *includes Paints JKCement 15#16JKcement 218.5 Key Cost Variables Petcoke pricing on increasing trend Pet coke 6.5% sulphur USA CFR ($/MT) 194.0 185.0 187.7 171.3 175.3 177.0 178.8 162.8 145.0 132.3 126.0 125.0 109.8 109.8 Diesel Prices (*/Litre) 93.10 92.70 92.70 92.70 Jul 22 Aug 22 Sept'22 Oct'22 Nov'22 Dec'22 Jan'23 Feb'23 Mar'23 Apr'23 May'23 Jun'23 Jul 23 Aug 23 Sept'23 Pet Coke Prices up 20% from June'23 exit Diesel prices continued to remain stable during current fiscal at Rs 93 per litre Jul'22 Aug'22 Sept'22 Oct'22 Nov'22 Dec'22 Jan'23 Feb'23 Mar'23 Apr 23 May'23 Jun'23 Jul'23 Aug'23 Sep'23 16#17Cost Trend (Standalone) Energy and logistics cost ease further Energy (/MT) 9%↓ YOY 7% QOQ 1370 Logistics (*/MT) 3% ↓ YOY 6% QOQ 1505 1239 1468 1160 1192 Q2FY24 Q1FY24 Q2FY23 7% reduction in fuel cost JKcement Q2FY24 Q1FY24 Q2FY23 Lower due to reduction in lead distance and waiver of busy season surcharge 17#18Cost Trend (Standalone) Operating De-leverage (QOQ) Employee (/MT) YOY 1% 3% ↑ Other Expenses (/MT) 7% ↑ YOY 13% + QOQ QOQ 385 380 1008 369 Q2FY24 Q1FY24 Q2FY23 Increased due to lower volumes JKcement Q2FY24 891 941 Q1FY24 Q2FY23 Increased due to higher maintenance 18#19Standalone Financial Statement Particulars (Cr) Q2FY24 Q1FY24 QoQ % Inc/Dec YOY Q2FY23 %Inc/Dec Net Sales 2476 2541 3% 2084 19% Rev from Operations 2571 2624 2% 2143 20% Operating Expenses 2124 2222 4% 1839 15% EBITDA 447 402 11% ↑ 304 47% Margins % 18.0% 15.8% 220 bps 14.5% 340bps Depreciation 120 118 2% ↓ 90 33% Finance Cost 109 105 3% 63 74% Other Income 28 29 5% ↓ 16 76% Profit before tax 246 193* 27% ↑ 167 47% Provision for tax 67 67 1% ↑ 42 57% Profit after tax 179 126 42% ↑ 125 43% ↑ EPS (*) 23.1 16.3 42% ↑ 16.1 43% After Exceptional Items for 15 crores JKcement 19#20Consolidated Financial Statement Particulars (Cr) Q2FY24 Q1FY24 QoQ % Inc/Dec Q2FY23 YOY %Inc/Dec Net Sales 2663 2680 1% 2175 22% Rev from Operations 2753 2762 0.3% 2234 23% Operating Expenses 2286 2354 3% 1923 19% EBITDA 467 408 14% 311 50% Margins % 17.5% 15.2% 220 bps 14.3% 320 bps Depreciation 137 135 2% 106 29% Finance Cost 115 109 6% ☑ 67 72% Other Income 29 32 7% ↓ 16 86% Profit before tax 244 180* 35% 153 59% Provision for tax 66 67 2% 42 55% Profit after tax 178 113 57% 111 61% EPS (*) 23.1 14.8 55% 14.5 59% After Exceptional Items for 15 crores JKcement 20#21FY24* Consolidated Debt Profile Gross Debt (Cr) 4515 615 Net Debt/EBITDA 2.08 *As on 30th Sep, 2023 JKcement 4534 534 Cash (Cr) 1479 FY24* FY23 FY24* FY23 2.21 Equity (Cr) 4831 4640 640 1621 1621 FY23 FY24* FY23 FY24* Net Debt (Cr) 3036 FY24* FY23 Net Debt/Equity 0.63 063 FY23 21 0.63 2913#22Awards & Accolades ENERGY SAVIOUR FOR THREE CONSECUTIVE YEARS NATIONAL ENERGY LEADER AWARD EXCELLENT ENERGY EFFICIENT UNIT AWARD Celebrating JK Cement Works, Jharli for shining with Double Honour JK Cement Limited, Mangrol CH CI CH CII C CH C CII CH CH CHI CI CII CH CI CH CI CI CH CH CI сп CI JKcement C CH CH сп CL CI CH CI "Best Energy Efficient Organisation" "Best Energy Efficient Designated Consumer Under BEE PAT Scheme" At the 7th edition of the CII National Energy Efficiency Circle Competition AFRICATION CH 22#23Proud to be part of historic foundation stone laying ceremony at Varanasi Cricket Stadium Honorable Prime Minister, Shri Narendra Modi was welcomed and greeted by Dr.Nidhipati Singhania, Vice Chairman, J.K.Cement Ltd. & President,UPCA at the foundation stone laying ceremony of International Cricket Stadium in Varanasi, Uttar Pradesh JKcement 23#24JKcement Thank You