Tata Steel (Thailand) welcomes Analysts and Bankers 19 th November 2013

1. Tata Steel (Thailand) welcomes Analysts and Bankers 19th November 2013

2. Content • Safety, Environment & Corporate Citizenship • Economic Situation & Steel Demand Q2FY14 • TSTH Performance in Q2FY14 • Business Outlook for Q3FY14

3. Safety & Environment : Maintaining performance & implementation of next stage of Safety Journey TSTH : CO2 Emission Rate (Ton/Ton of Liquid Steel) TSTH : Loss Time Injury Frequency Rate MBF mothballed in Aug 2011 • NTS selected for PM safety award in 2013 ; other two plants to receive safety recognition. • Positive isolation implementation in progress. • Maintaining compliance to regulatory standards especially on dust.

4. Community Welfare : Highlight in Q2FY14 “Best CSRAwards” On August 20, President & CEO, together with VP-HR&CA and Corp. Comm. & Activity team attended SET Awards 2013 (Best CSR Awards), Final Round at SET. TSTH has received CSR Recognition Award and will join the award ceremony at SET on November 11. • “Mother’s Day Activity” for community • NTS : Joined the Mother’s Day Activity with Bo-Win Community leader at Bo-Win School, Baan KhaoHin School & Baan PunSadejNai school. • SISC : Organized the Painting Contest under the theme “My Super Mom” for students nearby plant. There were 141 students from WatBuaGnam and WatMuangNoy School. • SCSC : Joined hands with community members to renovate “Baan Khlong Dang Border Patrol School” to dedicate merit to H.M. the Queen. “Grow Smart with Tata Steel” Covered 168 schools in 34 provinces nationwide

5. Content • Safety, Environment & Corporate Citizenship • Economic Situation & Steel Demand Q2FY14 • TSTH Performance in Q2FY14 • Business Outlook for Q3FY14

6. Thailand GDP : Shrinking Export owing to strong Baht has forced a downward revision in 2013 projection… • Automotive production has also slowed down post completion of first car scheme. • Export fell 1.5 % year on year in July … however, moderate recovery expected in Oct-Dec. • Construction : Both Private and Public, has shown a steady pace leading to robust steel growth in H1 FY14 period. Source : (1) NESDB, (2) 2013 (F) on Aug’2013

7. 8 month period has seen a steel growth of 15% with imports rising to 8.7 mT(@ 22% growth)… expect 2013 consumption to touch 19 mTwith highest imports in SEA region ‘000 tons 15% 22% … and China’s share of these imports is 1.9 mT comprising of HRC, WRC and Bars. Source : ISIT - Iron & Steel Institute of Thailand

8. Impact is severe in Long Products, where 8 month period has seen a consumption growth of 14% and import growth of 33%... ‘000 tons 2013 LP Steel consumption expected 6063 K 33% … post Temp AD in August 13, imports have marginally slowed down Source : Iron & Steel Institute of Thailand

9. Content • Safety, Environment & Corporate Citizenship • Economic Situation & Steel Demand Q2FY14 • TSTH Performance in Q2FY14 • Business Outlook for Q3FY14

10. Q2FY14 has achieved best ever quarterly sales and a strong profit performance 14 % Revenue (MB) 12 %

11. H1FY14 has reported PAT +ve performance after a gap of 3.5 years 18 % (MB)

12. Content • Safety, Environment & Corporate Citizenship • Economic Situation & Steel Demand Q2FY14 • TSTH Performance in Q2FY14 • Business Outlook for Q3FY14

13. Business outlook & guidance for Oct – Dec FY14 While, Steel market has shown steadiness in last quarter, it remains challenging due to pressure on “spread”. However, we expect Thailand to be resilient and construction growth will help drive steel demand. Imports from China remain our single biggest concern and we expect a definite support from MoC to protect the survival of Thai longs steel industry. Continuing on its path of steady improvement over the last 6 quarters, not only has TSTH registered a PBT positive performance in Q2 FY14 and H1 FY14, it has become PAT positive after a gap of 3.5 years. The success of the “turnaround” of the underlying business operations despite tough market condition is due to a tight vigil on working capital and an integrated approach across its main functions. Company sees an optimistic phase in construction due to start of 2 Trillion Baht project and therefore expects that the improvement momentum will be maintained to register a robust performance in the balance part of the year.

14. TSTH Expects to maintain the turnaround momentum in Q3FY14 Focus areas for H2FY14 Maintain sales growth of 10% over last year to reflect construction growth . Continue focus on high end products. Sustain EBITDA levels of H1 FY’14 to ensure value creating steel business.

15. Thank you