ACC : delivers lifetime highest annualised PA

ACC delivers lifetime highest annualised PAT

Annualised PAT (12 months) at Rs. 2,337* Crores up 378 % YoY

Q4 Operating EBITDA up by 79% at Rs. 837 Crores

Healthy Cash & Cash equivalent at Rs. 4,667 Crores

EDITOR'S SYNOPSIS

• Volume up by 23.5%, revenues up 13% YoY
• EBITDA (PMT) at Rs. 802 PMT, up 45% YoY
• EBITDA margin at 15.5% up by 5.7 pp YoY
• PAT at Rs 945 crores jumped 3x, YoY
• EPS for the year improved to Rs 124.1, last year Rs 26.0
• Dividend on equity shares at Rs. 7.50 per share

Ahmedabad, April 25, 2024: ACC Limited (ACC), the most trusted legacy brand and one of India's largest Cement and Building materials company of the diversified Adani Group, today announced robust results for Q4 and full year ended March 31, 2024. The improved performance is attributed to all round improvement in volume, cost and efficiency parameters.

Mr. Ajay Kapur, Whole Time Director & CEO, ACC Limited, said, "We continue to solidify our position as a frontrunner in the cement industry. Our financial performance with jump in EBITDA by 138% during the year is a testament to the flexibility and strong foundation of our business model. The trust of our customers and our commitment to building a sustainable future with investment in efficiency improvements, green power etc. has furthered our success, as we emerge even stronger than before. With passing time ACC is getting younger and stronger with the expansion and performance efficiency plans"

Operational Highlights:

• Kiln fuel cost improved with change of fuel basket and higher consumption of alternative fuel.

* Includes exceptional item of Rs. 229 Cr and reversal of earlier years tax provision of Rs 257 Cr

• 16.3 MW of WHRS at Ametha commissioned in Q3 FY'24. Work on WHRS facility at Chanda (18
  MW) & Wadi (21.5 MW) is on track and will be commissioned in Q2 this year, which will help to take total capacity to 86 MW or 25% of total power.

• ACC Suraksha, ACC Concrete Plus, ACC Gold, ACC F2R, and ACC HPC enlisted in GRIHA's green product catalogue.
• Ongoing green power initiatives which will help to achieve 60% green power by 2028, reduce cost, improve EBITDA & accelerate on SDP Plan 2030.
• Net Zero commitment by 2050, with near-term targets validated by SBTi, first of its kind in the sector.
• CSR initiatives reinforce and Improve lives of more than 1.4 million people through various activities in the field of water management, sustainable livelihoods and social inclusion schemes.
• Achieved 7x plastic negativity by co-processing of plastic waste in cement kiln.
• Adani Cement Business committed to planting 8.3 million trees by 2030, following Adani Group's plan to plant 100 million trees.
• Embracing the circular economy, target to achieve TSR of 27% by FY 28
• Our range of innovative products including ACC ECOMaxX, ACC AEROMaxX and ACC Coolcrete continues to grow, offering a wide array of go-green options to customers.

Branding

• The 'Bharosa Atoot' campaign portrays ACC as a trusted builder beyond cement manufacturing, emphasising its pivotal role in shaping the nation's infrastructure and everyday lives which was amplified digitally through Connected TVs. Advertisements were strategically streamed across 1,300+ screens and aired during the ICC Cricket World Cup 2023, along with thematic campaigns being rolled out at premium locations.
• ACC relaunched in Gujarat with a trust-focussed campaign titled 'Bharat ki 1st Cement Company ka Bharosa ab Phir se Gujarat mein'.
• ACC partnered with Gujarat Giants in Pro Kabaddi League and with Gulf Giants team in ILT20 (International League T20)
• Throughout the year, ACC has celebrated its enduring partnerships with channel partners by organising nationwide meets, with a family-centric approach and emphasis on mutual growth

Outlook

Outlook for cement industry remains positive based on higher budgetary allocation to infrastructure and construction and government's push for affordable housing along with green energy transition, demand-supply dynamics, and greater consolidation. Adani Cement will have the advantage of accelerated growth, lower cost, group synergies which in turn will help to sustainable performance & market leadership.

Achievements

• Ranked as 'India's Most Trusted Cement Brand' by TRA Research in its Brand Trust Report 2024, winning the accolade for the second year in a row.
• Received 'Global Brand Excellence Award' in the category of 'Most Inspirational Social Media Campaign' for our stellar initiative, "Unbreakable Spirit of India".
• Recognised as the 'Most Engaging Loyalty Program' and felicitated with 'Loyalty Champion Award' at the DCX Digital Customer Experience Confex & Awards 2024
• International Safety Award 2024 by British Safety Council for excellence in workplace safety practices.

• Industrial Safety & Occupational Health Award by ICC & Govt of Odisha and Five Accolades for Environmental Excellence at 3rd National Sustainability Awards by Quality Circle Forum of India.

About ACC Limited

ACC Limited, a subsidiary of Ambuja Cements, is one of India's leading producer of cement and ready-mix concrete. It is a member of the diversified Adani Group - the largest and fastest-growing portfolio of diversified sustainable businesses. ACC has 20 cement manufacturing sites, over 86 concrete plants and a nationwide network of channel partners to serve its customers. With a world-class R&D Centre, the quality of ACC's products and services, as well as its commitment to technological development, make it a preferred brand in building materials. Established in 1936, ACC has been recognised as India's Most Trusted Cement Brand by TRA Research in its Brand Trust Report 2024 and among 'Iconic Brands of India' by The Economic Times. ACC is counted among 'India's Top 50 companies contributing to inclusive growth' by SKOCH and 'India's Top 50 Most Sustainable Companies' by BW Businessworld. With sustainability at the core of its strategy, ACC is the first Indian Cement Company to sign the Net Zero Pledge with Science Based Targets. ACC Suraksha, ACC Concrete Plus, ACC Gold, ACC F2R, and ACC HPC are now enlisted in GRIHA product catalogue.

For further information on this release, please contact: roy.paul@adani.com