#1JKcement Investor Presentation Q1 FY24 JK Great Place To WorkⓇ Certified Feb 2023-Feb 2024 INDIA#2Agenda 2 1. ESG & CSR Update Company Overview 3 Q1 FY24 Performance#31 ESG & CSR#4Target FY30 Q1FY24 Key ESG Metrics and Sustainability Goals Shaping a sustainable future Thermal Substitution Rate CO2 Emission Green Power Mix (Kg/Ton of Cementitious Material) (%) (%) Water Positivity (Times) 520 511 44 13.9 4.5 45 15.6 4.5 465 35 5 Specific Net Scope 1 emission reduced by 11.9% from 580 in base year FY20 Standalone JKcement ↓ 75 Green Power mix was 19% in base year FY20, now stood at 45% moving toward Green Clean Energy TSR was 6% in base year FY20, now stood at 15.6%. 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 *12.53 cr 29% Education Contribution to mass marriage ceremony of 2121 couples of all castes Contribution to JK Gram Trust Vikas Yojana (Cattle Breeding Project) Construction of pucca road, tube well for villagers JKcement 68% Community Development * Social Impact Contributed towards aganwadi development, distribution 3% Rural Infrastructure & Health Promoting higher education and vocational training Distribution of Laptops, school books, uniform for student Stitching Training provided to women for Self Employment 5#6JK Cement's Social Impact & CSR Outreach (contd.) to votafe JKCement जबाड़ी पाठशाला, अरनिया जोशी ભારત મારી તે પદીમાં પહેલ eficcy in Reading With umey-Nipun Bharat GHIJKLMNOPQRSTU VW Gis JKCement JK CEMENT WORKS of Coment Gularat Aganwadi development at Nimbahera Distribution of School uniform to students at Balasinor Installation of Sanitary Vending machine at Govt. Girl School at Panna JKcement JK Cement Works Muddapur ಜೆ.ಕೆ. ಸಿಮೆಂಟ್ ವರ್ಕ್ಸ್, ಮುದ್ದಾಪೂರ Organizing Free Health Check Up Camp ಉಚಿತ ಆರೋಗ್ಯ ತಪಾಸಣೆ JK CEMENT adnerden minus a CORPORATE SOCIAL RESPONSIBILITY (CSR) MUDDAPUR Health camp organized at Muddapur ಗ ಕರ ಜೀವನಕ್ಕಾಗಿ ಇಂದು ಆರೋಗ್ಯ ತಪಾಸಣೆ ಮಾಡಿಸಿಕೊಳ್ಳಿ JKcement Stitching 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 111.15 MW Green Power Capacity 64.3 MW Waste Heat Recovery System (WHRS) 46.85 MW Captive Solar and Wind Power Capacity Complete Portfolio Grey Cement, White Cement (WhitemaxX); value-added products like wall putty, gypsum plaster, tile adhesives & grouts, wood finishes and paints JKCement *2623.59 Cr Revenue from operations *126.29 Cr Profit after Tax CATERPILLAR 8#9Cementing a New Phase Enhancing the share of clean Green energy 22 MW Waste Heat Recovery Commissioned at Panna, MP JKcement 9#10Ongoing Expansion Progress on track JK SOPER JK SOPER STRONG JK SUPER K SOPER RONG JK SOPERT CEMENT JN SOPER STRONG JK SOPER] S STRONG 1JK SOPEN E JK SOPER LJK SOPERT SONED JK SOPERT SOPERS SUPEN ON SOPENE Greenfield Expansion at Ujjain (Grinding Unit) 1.5 MTPA Additional Grey Cement Capacity Status Update Work is progressing as per schedule. Commissioning schedule Q3FY24 Capex YTD June'23 *150 Cr Greenfield Expansion at Prayagraj (Grinding Unit) 2.0 MTPA Additional Grey Cement Capacity Status Update Orders for main equipments have been placed. Civil contractor is being mobilized at site. Capex YTD June'23 €38 Cr JKcement 10#113 Performance Highlights Q1 FY24#12Key Performance Highlights for Q1FY24 - Grey Cement Capacity expansion Central India expansion achieved 75% capacity utilization with EBITDA /ton matching to other regions. JKcement Grey Volume 4.1 G Net Sales Realisation Blended Cement / Trade Mix Blended Cement Premium Products *4,967 Million per ton Tons 68% Trade mix 66% 11% of Trade Sales 12#13Volume Highlights - Quarterly Sustained momentum sequentially Grey Business White Business 29% YOY 1% QOQ ↓ 1% ↑ YOY 2% QOQ Lakhs Tons Combined 25% YOY 1% QOQ 5.25 5.33 5.19 41.04 41.38 1.21 1.10 1.30 31.72 41.04 41.38 31.72 4.04 4.23 3.89 Q1FY24 Q4FY23 Q1FY23 Double digit volume growth in Grey Cement (YoY ) JKcement Q1FY24 Q4FY23 Q1FY23 Q1FY24 Q4FY23 Q1FY23 Grey White ■Standalone ■Subsidiary 13#14Standalone Financial Highlights Particulars (Cr) Q1FY24 Q4FY23 QoQ Q1FY23 YOY Grey Net Sales 2039 2072 2% 1,640 24% ↑ White Net Sales 502 541 7%↓ 476 5% Total Net Sales 2,541 2,613 3% 2,116 20% Combined EBITDA 402 364 11% ↑ 407 1%↓ JKcement 14#15Consolidated Financial Highlights Particulars (Cr) Q1FY24 Q4FY23 QoQ Q1FY23 YOY Grey Net Sales 2,039 2072 2% 1,640 24% ↑ White Net Sales 641 654 2%↓ 585 10% Total Net Sales 2,680 2,726 2% 2,225 20% Combined EBITDA 408 350 17% ↑ 406 0.5% ↑ JKcement 15#16Key Cost Variables Stabilising at current levels Pet coke 6.5% sulphur USA CFR ($/MT) 254.8 249.5 245.5 218.5 194.0 185.0 187.7 171.3 175.3 177.0 178.8 162.8 145.0 126.0 109.8 Pet Coke Prices have come down 26% (QOQ) Apr 22 May 22 Jun'22 Jul 22 Aug 22 Sept'22 Oct'22 Nov'22 Dec'22 Jan'23 Feb'23 Mar'23 Apr'23 May'23 Jun'23 JKcement Diesel Prices (*/Litre) 100.2 23.483.10 92.70 92.70 92.70 92.7092.70 Apr'22 May'22 Jun'22 Jul'22 Aug'22 Sept'22 Oct'22 Nov'22 Dec'22 Jan'23 Feb'23 Diesel prices continued to remain stable during current fiscal Mar'23 Apr'23 May'23 16 Jun'23#17Cost Trend (Standalone) Energy and logistics cost ease further Energy (*/MT) 8%↑ YOY 11% 1468 QOQ Logistics (*/MT) 2% ↑ YOY 0.5% 1649 QOQ 1239 1245 1217 1358 Q1FY24 Q4FY23 Q1FY23 11% reduction in fuel cost JKcement Q1FY24 Q4FY23 Q1FY23 Marginally lower due to reduction in lead distance 17#18Cost Trend (Standalone) Operating leverage plays out (YOY) Employee (/MT) 8%↓ YOY 14%+ 401 QOQ 369 324 Q1FY24 Q4FY23 Q1FY23 Increased due to Annual Increments JKcement Other Expenses (/MT) 10% YOY 0.3%↓ QOQ 891 Q1FY24 994 894 Q4FY23 Cost optimization resulted in lower cost Q1FY23 18#19Standalone Financial Statement Particulars (Cr) Q1FY24 Q4FY23 QoQ % Inc/Dec YOY Q1FY23 %Inc/Dec Net Sales 2541 2613 3% 2116 20% Rev from Operations 2624 2665 2% 2163 21% Operating Expenses 2222 2301 3% 1756 27% EBITDA 402 364 11% ↑ 407 1% ↓ Margins % 15.8% 13.9% 190 bps 19.2% 340bps Depreciation 118 112 5% ↓ 90 31%↓ Finance Cost 105 98 8% 62 71% Other Income 29 36 19%↓ 15 96% Profit before tax 193* 190 2% ↑ 270 28% Provision for tax 67 51 32% 90 25% Profit after tax 126 139 9% ☑ 180 30% EPS (*) 16.3 18.0 9% ☑ 23.4 30% After Exceptional Items for 15 crores JKcement 19#20Consolidated Financial Statement Particulars (Cr) Q1FY24 Q4FY23 QoQ % Inc/Dec YOY Q1FY23 %Inc/Dec Net Sales 2680 2726 2% 2225 20% Rev from Operations 2762 2778 0.5% 2272 22% Operating Expenses 2354 2428 3% 1866 26% EBITDA 408 350 17% 406 0.5% Margins % 15.2% 12.8% 240 bps 18.2% 300 bps Depreciation 135 129 5% 106 27% Finance Cost 109 101 8% ☑ 65 68% Other Income 32 38 16% ↓ 15 113% ↑ Profit before tax 180* 158 14% 250 28% Provision for tax 67 48 40% ↓ 90 25% ↑ Profit after tax 114 110 4% 160 29% EPS (*) 14.8 14.5 2% 21.1 30% After Exceptional Items for 15 crores JKcement 20#21FY24* Consolidated Debt Profile Gross Debt (Cr) 4503 503 FY24* FY23 Net Debt/EBITDA *As on 30th June, 2023 2.30 JKcement 2.21 (Cr) 4534 1534 Cash 1472 42 FY24* Equity (Cr) 4767 167 4640 FY23 Net Debt 1621 621 (Cr) 3031 FY24* Net Debt/Equity 0.64 FY23 FY24* FY23 FY24* FY23 21 0.63 FY23 2913#22Awards JKcement A Landmark Achievement for Team Muddapur! Congratulations on being India's only Integrated Cement Factory with GreenCo Platinum Rating JKcement GREEN COMPANY GREEN RATING Greenod PLATINUM SYSTEM Great Place To Work®Ⓡ Certified Feb 2023 - Feb 2024 INDIA th 4th Time in a Row 22#23JKcement Thank You