Investor Presentaiton

Cement Demand Side | Export PACRA • Pakistan exported 7.847 MMT of cement and clinker during FY20 (FY19: 6.541 MMT) up ~20% YOY basis. Major Export Market (000 MT) 5,000 4,000 • . • • Historically, Afghanistan and India were major cement export markets for Pakistan. Heavy duty on Pakistan goods were imposed by Indian government in FY19 amid high political tension between both countries which led to a suspension of Pakistan's cement exports to India. Export of cement to South Africa through sea routes was also decreased substantially after the imposition of anti-dumping duty by South Africa on Pakistan's cement products in FY16. Export of cement to Afghanistan have also decreased over the period due to influx of cheaper Iranian cement into the country. On the contrary, Export of clinker to Bangladesh has grown substantially in the past couple of years, as Bangladesh's cement industry relies on imported raw material due to non-availability of raw material for cement locally. Bangladesh's share constitutes ~76% of the total clinker exported by the country during FY20 (FY19: ~86%). 15,000 10,000 5,000 3,000 2,000 1,000 LILIL FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 Afghanistan India ■Bangladesh Other Export Mix (000 MT) FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 Cement Clinker Source: APCMA, 10

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