Jindal SAW LimitedO.P Jindal Group

22nd May 2015

The USD 18 billion O.P. Jindal Group has an asset base of USD 25 billion and human asset base of more than of 70,000 people.

O P Jindal Group - Brief profile

Saw PipesLargest line pipe producer in India and 2nd largest in Asia (excluding China)

Ductile Iron PipesOne of the largest player in DI pipes, manufacturing facilities in India, UAE and Europe

Seamless PipesAmong major player in Seamless pipes segment in the Country

Iron Ore & PelletFully Integrated facility at Mine Head for Beneficiation, Pallet and Steel in Bhilwara (Rajasthan)

www.jindalsaw.com/

Crude Steel

Flat Products

Long Products

Coated Products

Coal & Gas based Energy

Cement

www.jsw.in/

Stainless Steel

Ferro Alloys

Flat Products

www.jindalstainless.com/

Crude Steel

Flat Products

Long Products

Sponge Iron

Ferro Alloys

Energy

Iron Ore Mines

Pellets

www.jindalsteelpower.com/

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Jindal SAW Limited

hands on approach has made Jindal SAW Ltd. A force to reckon with not only on the home but also global turf.

A firm believer of delivering not just quality but value to its clients the organization has adopted corporate practices

that are guiding beckons to others and make Jindal SAW Ltd. stakeholder and shareholder friendly organization.

Today Mr. Jindal’s untiring efforts have firmly placed India on the map of Line Pipe Manufacturing Nations. A man of

simple tastes Mr. Jindal’s human nature finds expression in various employee friendly practices that have earned

Jindal SAW Ltd. the enviable reputation of one of the most preferred employers in the country.

Jindal Saw – Promoter ProfilePioneering the production of SAW pipes three

decades ago Mr. Prithvi Raj Jindal has been at

the helm of affairs of Jindal SAW Ltd. a part of the

fourth largest industrial house in India, the OP

Jindal Group.

A perfectionist to the core Mr. Jindal guided the

company’s global ambitions. His sharp business

acumen complemented by a futuristic vision and a

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Jindal Saw : Overview

LeadingIndian Pipes Manufacturer

Largest pipe manufacturer in India offering “Total Pipe solutions” including SAW Pipes, Ductile Iron Pipe and Seamless Tubes.

35% market share in energy sector and water sector in India

Produces LSAW pipes, HSAW Pipes, Ductile Iron Pipes, Seamless Pipes and External & Internal Coatings.

Backward integration to Iron Ore Mines, Pellet and Steel

Diversified multi-product producer

Global Presence

World’s largest pipe producer (By Capacity)

One of the largest producer of water pipes (DI) in the world.

Strong Marketing & Manufacturing presence in US, UAE, Europe besides India.

World-class customer base

Customers include leading players in Oil & Gas, Transportation of Fluids, Water Infrastructure Projects, Boilers, Automotive industry, Steel.

Global clients roster include, among others, Shell, Chevron, BHPB, Bechtel, Centre Point Energy, Questar, PDO, Oman Gas, Gulf South and Saipem, Petronet, Saudi Aramco, British Gas, GASCO, ADCO etc..

Order book of India –app. USD One billion – Exports approx. 30%.

Financial StrengthSolid credit profile with top notch Basel –II ratings

Long Term Debt Rating of AA (-), A 1(+) for short term financing

Multi Product : Multi Locational : Mutli National4

Diverse Product ProfileLongitudinal Saw Pipes

(LSAW)Spiral/Helical Saw Pipes

(HSAW)Seamless Ductile Iron Pipes

(DI)

Oil & Gas, Sea Water & Slurry Transportation

Oil & Gas TransportationWater Transportation

Petroleum, ExplorationGeneral Engineering BoilersAutomotive

Water TransportationSanitation & Housing

16’ to 60” Diameter

1.1 Million MTPA (India)Double Jointing and Anti Corrosion Coating (TX, US)

18’ to 128” Diameter

740,000 MTPA (India)1,400,000 MTPA (J.Tubular, India)375,000 MTPA (MS, US)

½” to 7” Diameter

260,000 MTPA (India)Drill Pipe, Helical Anchor, Tool Joint , Forging (TX & MN, US)

3” to 39” Diameter (India)8” to 87” Diameter (UAE)

450,000 MTPA (India)350,000 MTPA (UAE)100,000 MTPA (ITALY)

Used under high pressure conditionsDemand directly related to investments in Oil & Gas sector

Used under low pressure conditions Demand directly related to investments in Oil & Gas sector and water projects

Wide application in oil related and non-oil industries

Ductile is rapidly replacing Cast Iron steel pipes

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We also make Pellets (1.2 MTPA) in Bhilwara, Rajasthan5

Jindal Saw - Global OperationsJindal Saw has global presence for its diversified product range which include:

Abu Dhabi- UAE – State of the Art Ductile Iron Pipe Manufacturing Facility with 300K MTPA capacity with a capital

outlay of app. USD 100 Million. Largest DI pipe plant in MENA region with product range up to 2200 mm diameter.

The facility is already operational.

USA – Baytown Texas and Minneapolis- Coating, Double Jointing and Drill pipe, forging /tool joint, Helical anchor

manufacturing facility.

USA – Bay St. Louis, Mississippi (PSL North America facility Acquired through Bankruptcy process)- Spiral

Mill, Coating, Double Jointing manufacturing facility with a capacity of 375K MTPA.

Italy (Europe): Ductile Iron Pipe Finishing facility. This facility has been taken for business operations /lease in Aug

2011 for manufacturing and catering to the European DI Pipe Market.

United Kingdom (UK): Joint Venture for fabricating DI double Flanged Pipes and Catering to the UK major utilities

companies.

Algeria: Marketing/ business development set up for marketing of its products. Operations being restructured

Spain: Marketing/ business development set up for marketing of its products. Operations being restructured

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Global Customer Base

Marque customer base across a wide range of sectors and geographies.

More than 25 years of experience in providing SAW pipes to the oil and gas sector - caters to top tier oil & gas and EPC companies in India and overseas

Strong presence in the export market.

Preferred supplier to global clients due to its stringent quality standards certified by the American Petroleum Institute

Building customer relationships over time and successfully generated repeat business

Domestic International

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Jindal Saw - Financials

Jindal Saw : Financial Trends (Rs. In Crs)

Networth

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Jindal Saw : Financial Trends (Rs. In Crs)Fixed Assets: Gross Block

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Major Revenue & Growth Drivers

Majority of the capex cycle for pipe business is over. The available operating leverage in all pipe segments should start providing healthy and steady top-line and bottom-line.

Large Dia long seam and spiral segment can grow to double, DI and Seamless can also grow by 30-40% without incurring additional capex.

Apart from current Pellet production, the Company has plans to set up a 1 Million MTPA mini steel plant at Bhilwara Rajasthan. 30% of the production would be consumed in-house for Seamless Pipe production and balance would be TMT which will be sold in near by markets. This would be a significant booster to profitability. With lower project cost and at current prices, the pay back will be approx 3 years.

Infusion of app. Rs 350 Crores by Promoters towards CCD/ equity- additional push to growth and financials of the Company.

Demand is expected to improve in India, USA and MENA countries backed by significant focus on water pipelines as well stabilization in oil prices.

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UAE facility of the Company is ramping up. The current production run rate is above 15,000 MT per month. Current order book is approx. 125K MT. Approvals received from all major MENA region countries.

Jindal Tubular USA LLC (a 100% step down subsidiary of Jindal Saw Limited) post acquiring the H Saw Plant of PSL North America, has received approval for water pipes from TRWA (torrent Regional Water authority). With Management team already in place, business is now ramping up. Long term debt of USD105 Mio is payable in 2 trenches including app USD30 Mio in FY2020 and balance in FY2032. Debt is not supported by Jindal Saw Limited guarantee.

Jindal Tubular (India) Limited (a 100% subsidiary of Jindal Saw Limited) has signed Operations, Maintenance and Management Agreement with PSL India for all pipe and coating facilities. Operations would commence very soon.

Jindal Saw Italia (a 100% step down Subsidiary of Jindal Saw Ltd) in Italy is being revamped.

Jindal ITF Limited - Few businesses are being restructured and would be demerged through Court scheme. Pursuant to the orders of High Court of Allahabad, the Shareholders, Secured and unsecured creditors meeting have already approved the resolutions.

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Jindal Saw -Subsidiaries

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