Tata Steel (Thailand) Welcomes Financial Analysts 16 th November , 2012

1. Tata Steel (Thailand) Welcomes Financial Analysts 16th November , 2012

2. Agenda • Safety, Environment & Corporate Citizenship • Economic Situation. • Steel Business in Thailand in Q2 Fy13. • TSTH Performance in Q2 Fy13 • Business Outlook for Q3 - FY’13 1

3. Safety & Environment : Best Ever H1 Performance with Zero loss time injury Lost Time Injury Frequency Rate (LTIFR) CO2 Emission Rate • Strengthened Safety and Environment management across all sites. • NTS received the ISO14001 Certification in September ‘12 • Energy Isolation by Logout & Tagout and Scrap Yard improvement in all 3 sites . Tata Steel(Thailand) 2 2

4. Community Welfare : Highlight in Q2 FY’13 SCSC building 85 dams project On August 12th, 30 SCSC staffs participated in local activity by building 85 dams to celebrate H.M. the King’s 85th birthday. The activity was hosted by Banchang district, Rayong province. . “Buddhist Lent Day Activity” End of July 2012, Executives and staffs of TSTH and its plants participated in a religious ceremony for the Buddhist Lent Day Activity with the temples nearby them. “Grow Smart with Tata Steel” “Grow Smart with Tata Steel” project has covered total 143 schools so far.CSR Department went Phetchaboon province to set up the book corners for 5 supported schools in August and September’12 SISCO “Blood Donation ” On September 21st, 45 SISCO employees and sub-contractors have donated blood to Thai Red Cross, Saraburi Branch. The total blood amount equals 1,800 CC. 3

5. Agenda • Safety, Environment & Corporate Citizenship • Economic Situation. • Steel Business in Thailand in Q2 Fy13. • TSTH Performance in Q2 Fy 13 • Business Outlook for Q3 - FY’13 5 Tata Steel(Thailand) 4

6. Though THAI economy shows around 5% GDP growth, the recovery has been muted due to slow down in exports Projection revised downwards to around 5 % • Auto recovery has been robust & expected to touch 2.3 mnnos for CY 2012. • Private spending has been stronger after floods but Govt aided projects still to pick up speed. • Overall, sentiments still weak for 2013 due to on going Euro crisis & China slow down – may still be around 5% in Cy 2013. 6 5

7. Agenda • Safety, Environment & Corporate Citizenship • Economic Situation. • Steel Business in Thailand in Q2 Fy13. • TSTH Performance in Q2 Fy13 • Business Outlook for Q3 - FY’13 7 6

8. Jan – Sept CY12 consumption in line with annual estimates but higher import growth causing serious injury 5000 (Estimate) 4,823 Higher imports phase 2012 ISIT : Iron & Steel Institute of Thailand 8 7

9. … these imports have adversely impacted prices and volumes in Wire rods and Special Bars ISIT : Iron & Steel Institute of Thailand 11 8

10. TSTH Wire Rods Market Share adversely affected by Chinese imports Reference Market Share % 32 - 35% 28-30% Source : ISIT WR consumption • Growth in Alloy Wire rods by REPLACING carbon steel wire rods thereby evading customs duty & availing tax benefits in China. • TSTH & other local producers seriously affected ; also adversely affecting Wire makers, fastener industry now – Govt help needed urgently. 9

11. Agenda • Safety, Environment & Corporate Citizenship • Economic Situation. • Steel Business in Thailand in Q2 Fy13. • TSTH Performance in Q2 Fy13 • Business Outlook for Q3 - FY’13 Tata Steel(Thailand) 12 10

12. Revenue & Volume Performance : Domestic + Export Revenue in Billion Baht Sales Volume in KT BN • Sales increased by 14 % and revenue by 8% over previous quarter. • Domestic sales affected by Chinese imports in Fy 13 as compared to LY. 13 11

13. Richer Product Mix helping revenue % of Total dom. Sales Volume in KT • Revenue adversely affected by Chinese imports especially in high end products. • Intensified our efforts to launch new products – Special Rebar that offers earthquake resistance launched in Q2 to help high Seismic zone areas like ChiangMai. 15 12

14. Financial Performance : Lower PBT loss in Q2 Fy13 compared to Q2 Fy12 … EBITDA positive despite tough business conditions Note : Not including income from insurance in Q2 Fy13 • Good acceptance of TATA TISCON in central & up-country markets : sales in Q2 Fy 13 higher than Q2 Fy 12. • H1 Fy13 Loss nearly equal to Depreciation indicating CASH PROFIT performance and showing turnaround successful. 14 13

15. Agenda • Safety, Environment & Corporate Citizenship • Economic Situation. • Steel Business in Thailand in Q2 Fy13. • TSTH Performance in Q2 Fy13 • Business Outlook for Q3 - FY’13 Tata Steel(Thailand) 17 14

16. Tata Steel (Thailand) expects Govt support to stop Chinese imports – Company focused on turnaround. • Outlook for H2 Fy13 : • Remain EBITDA positive & in cash profit. • Maintain high end product sales mix at > 30%. • Strengthen market presence in Rebars by offering Cut & Bend solutions + Earthquake resistant bars. • Regain lost share in Wire rods & SBQ by strengthening service / delivery performance. 15

17. Business Comment : Q2 Fy13 & H2 Fy13 outlook Market conditions in the first half of the FY’13 (Apr-Sep’12) have been challenging due to the ongoing European crisis and slowing of demand in China. Q2 FY’13 (Jul-Sep’12) saw the world steel prices drop significantly especially in Thailand and SE Asia due to significant increase in imports from China. Against this backdrop, company has shown robust control on the business operations and registered a positive EBITDA in Q2 FY’13 (Jul-Sep’12) as compared to negative EBITDA last year and a lower loss in Q2 FY’12 (Jul-Sep’11) as compared to last year. Although the global economy remains fragile, we expect Thailand to be resilient and Govt aided construction is expected to kick in with the commencement of the new budget from October 2012 thereby providing new opportunities and growth. Cheap Imports from China remain our biggest concern and we expect the Govt to take definite measures to curb these to protect the Thai local steel industry. 16

18. Thank You