Whole Life Value Optimization of Boral Quarries slide image

Whole Life Value Optimization of Boral Quarries

Cement - carbon alternative fuels We have made good progress on our alternative fuels program, DA delays. FY18 FY20 0% 9% FY23 FY24 18% 30% Chlorine Bypass Project (2022-23) Solid Waste Derived Firing (SWDF) Project (2018) FY25 45% Environment We have made significant progress in reducing our cementitious intensity through our lower carbon concrete program but our alternate fuel and renewable electricity programs have been delayed Decarbonisation levers (kt) Key initiatives Other (efficiency) Renewable electricity Cement intensity reduction (process emissions) Alternative fuels (thermal fuels) Total required decrease in Scope 1 & 2 emissions to meet 18% reduction target 0 50 100 150 Source: Bottes 2019 CO2 emissions 300 ⚫ Good progress on overall on key initiatives Renewable energy solar PPA agreement in place but delivery delayed until late FY25 Cement intensity reduction has progressed in all regions with strong customer engagement and supply models improving (e.g. slag and fly ash) Alternative fuels upgrade investment well progressed, delays in regulatory approval process and third party project delivery is impacting overall delivery timelines Current Fosue FY26 60% DA increase SWDF (2023 -24) CO₂ Key initiatives Boral commenced our alternative fuels program in 2018 to enable 18% of SWDF as a fuel replacement We are currently investing in a chlorine bypass process upgrade to enable up to 60% of alternative fuels To expand our SWDF usage from 45% to 60% we require a DA The DA application submitted in November 2021 and is still pending and could push back our planned alternative fuel program Complete audit in progress BORAL Building something great 222 22
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