Tata Steel (Thailand ) Welcomes Financial Analysts 9 th August, 2012

Tata Steel (Thailand) Welcomes Financial Analysts 9th August, 2012

Agenda • Safety, Environment & Corporate Citizenship • Economic Situation. • Steel Business in Thailand in Q1 Fy13. • TSTH Performance in Q1 Fy13 • Business Outlook for Q2 - FY’13 Tata Steel(Thailand) 1

Safety & Environment : First ever quarter in 6 years to have zero LTIFR CO2 EMISSION RATE Lost Time Injury Frequency Rate (LTIFR) • Strengthened Safety and Environment management across all sites • Effective handling of the situation arising out of blast at BST (neighbouring site) in May 2012. Tata Steel(Thailand) 2

Corporate Citizenship: Responsibility towards Society 1. “Grow Smart with Tata Steel” Project aimed to encourage the self learning system for the children in the rural areas – will help sustainable development of communities Covered 138 Schools in 27 provinces till date. Plan to cover 400 schools across Thailand. The book corners for 139th – 143rd schools will be handed over in September 2012. 2. “Environmental Conservation” TSTH pays attention to use the natural resources efficiently, as well as managing the surrounding environment. N.T.S. staffs organized anEnvironmental Preservation Project on an occasion of National Tree Day. 3. “Serving communities around us” Providing medical care , safety and vocational training to residents. 4. “Supporting non-profit organizations” support local government office.

Corporate Citizenship: Responsibility towards Society • TCOC : • Conducting business with integrity and transparency across all functions. • 95% employees are formally trained on TCOC. • Regular Communication on TCOC with talk in Thai language for thorough understanding TCoC Monthly Newsletter Continue communicate to employee about linkage between current events and TCoC.

Agenda • Safety, Environment & Corporate Citizenship • Economic Situation. • Steel Business in Thailand in Q1 Fy13. • TSTH Performance in Q1 Fy 13 • Business Outlook for Q2 - FY’13 5 Tata Steel(Thailand)

Thailand GDP expected to recover from floods to register 5-5.5% growth …however, just 3.3% growth in Q1Fy13 Flood Eurozone crisis and China slowdown having an effect on Thailand. Recovery still dependent on completion of announced schemes within Sept before new budget comes into effect. Inflation and interest rate is stable. Tata Steel(Thailand) 6

Jan – May 2012 consumption is in line with annual estimates but inordinate import growth is a worry 5000 (Estimate) Higher imports phase 2012 ISIT : Iron & Steel Institute of Thailand

Specially, imports from China have increased in last 1 year … with a significant increase in Alloy steel category tons Alloy Steel Carbon Steel Importers taking advantage of Zero duty on Alloy steel v/s Carbon steel at 5% and importing Carbon steel wire rods with Chromium and Boron addition. Tata Steel(Thailand) 9

Chinese Import Price Trend Tata Steel(Thailand) 10

… these imports have adversely impacted Wire rods and bars prices and volumes ISIT : Iron & Steel Institute of Thailand

Revenue & Volume Performance : Domestic + Export Revenue in Billion Baht Sales Volume in KT 258 • Accident at a site near SCSC has affected the rebar sales in Q1 Fy13. • Chinese imports have caused serious injury in Q1 Fy 13.

Market leader in main Long products Wire Rods Market Position : #1 Market Position # 1 Market share % Market share % Tata TISCONrebar sales affected by accident at a neighbouring site in May 12. Special Wire Rods volume under pressure due to Chinese imports Source : Market demand : ISIT & Office of Industrial Economics TSTH Sales : Company source Tata Steel(Thailand) 14

Richer Product Mix helping revenue % of Total dom. Sales Volume in KT • Special Bar Quality (SBQ) sales have been affected by Chinese imports. • Tire Cord trials look promising (only Thai company to make) Tata Steel(Thailand) 15

Turnaround momentum maintained with better than Q4 Fy12 results in Q1 Fy13 despite “accident at SCSC” 1) Revenue : June 12 adversely affected owing to accident at SCSC. 2) Contribution : Q1 Fy13 better than Q4 Fy12. 3) EBITDA : Steady improvement in EBITDA over Q4 Fy12 however getting affected by increase in imports from China

TSTH expects a better Q2 & second half on the back of economic recovery … expects Govt support to stop Chinese imports. • Improvement in production by +23% in Q2 over Q1. • Higher Sales by +16% in Q2 over Q1. • Maintain high end product sales mix at 30%. • Stay EBITDA +ve & Cash profit +ve. • Looking at strategic partnership options at NTS

Comment from TSTH "Market conditions in the first half of the calendar year have been challenging due to slow recovery in domestic demand and increasing imports from China. Against this backdrop, company has delivered further improvement in its underlying EBITDA over Q4 Fy12 and has come into cash profit in Q1Fy13. Although the global economy remains fragile, we expect Thailand to be resilient and construction demand should kick in. While imports remain our biggest concern, for the remainder of the year, we will continue to remain alert in operations to take advantage of the market opportunities that will come up as price recovery happens and deliver a sustained cash profit performance".

Thank You

Tata Steel (Thailand ) Welcomes Financial Analysts 9 th August, 2012