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JV Global LimitedShareholder Briefing

23rd June 2006

Global Strength / Local Knowledge

Welcome

Terry OpieManaging Director


Overview

� Company Milestones

� Arabian Profile Global Co. LLC – UAE

� Sharus Steel Products Pvt Ltd – India

� China

� Turnkey Projects

� The Future


Major Milestones

� Re-structuring completed (DSG � JVG)

� Moved to new premises

� Appointed new staff

� Commencement of Joint Venture in UAE

� Negotiation & Signing of Joint Venture with Shapoorji Pallonji (India)

� Negotiating with Shanghai Baochen Steel (China)


UAE - Joint Venture


Arabian Profile Global Co

� Production Commenced March, 2006

� Staff Structure

� 12 Factory Staff

� 4 Sales Consultants

� 1 Office Administrator

� Obtained Manufacturing License

� Obtained Business License

� Marketing Campaign – 400 Marketing Packages Distributed



� Strategic Alliance established with major door & hardware supplier

� Approvals & Supplier Accreditation with:� Ministry of Defense

� Municipality of Dubai

� DUBAILAND

� Jebal Ali Free-Zone

� Established alliances with several large Dubai-based architects – (RMJM)

� Expansion through introduction of new product lines



Arabian Profile Global – Sharjah Factory



Spot Welding – Sharjah Factory



Jig Assembly – Sharjah Factory



Frames Awaiting Dispatch – Sharjah Factory



Arabian Profile Global – Sharjah Offices


United Arab Emirates

“Timing is Everything - The Right Place, at the Right Time”


Dubai - Progression

1950’s

19902003200420052008



� Dubai

� Hub of Middle East

� Oil reserves almost depleted

� Heavy investment in construction, tourism & infrastructure

� Abu Dhabi

� Capital of UAE

� In excess of 100 years oil reserves

� New progressive leadership



� Sharjah

� Cultural Centre of UAE

� Emirate north of Dubai (15km)

� Experiencing building boom as costs escalate in Dubai

� Ajman

� Emirate north of Sharjah (15km)

� Coastal location with port

� Large number of low to mid-range housing developments (Apartments)


Middle Eastern Region

� Saudi Arabia

� Qatar

� GCC

� MENA

All experiencing booming economies, with large investments in building & construction



Mega Projects


Reem Island

• Total Project Cost : DHS 35 Billion

• Sky Tower – 83 Stories

• Construction to Commence : 2009


Saadiyat Island

• 12 year construction timeframe

• 150,000 residents, 47,000 residential units

• 27 km2 natural island, 500m from the shoreline in Abu Dhabi


Al Raha Beach

• Total Project Cost : DHS 54 Billion

• 500 Hectare Development

• 60 Towers, 9 Million m2, 120,000 residents


Falcon City

• 24 Towers

• Developments based on Rome, Venice, India

• Architecture includes structures based on Pyramids, Babylon & Eiffel Tower.


Bawadi - Dubailand

• Inside Dubailand

• Project Cost : DHS 100 Million

• 35 themed hotels, 1,500 Restaurants, 100 Stage Theatres

Bigger than

Las Vegas


Jebel Ali Airport

• 140 km2 – Worlds largest airport, combined size of Heathrow & Chicago’s O’Hare

• Self-sustaining city with 750,000 residents – Total Cost : US33 Billion


Dubai – “Land of Cranes”

• 30,000 cranes in Dubai

• 24% of world total 125,000


Palm Jumeirah - Vision


Palm Jumeirah - Reality


The World - Vision


The World - Reality


Rising Costs…

� “Higher Construction Costs Hurt Nakheel”

� “Building Materials May Rise Further”� Construction costs up 15% in 2 years

� 30% increase in housing costs dur to increased price of materials

� Timber costs increase this year in UAE – Red Meranti up US$100 per tonne

� “Ajman to get Dh15 Billion Freehold Township”� People are looking for affordable prices away from traffic &

Noise

� Property Ownership Laws Changed � Expatriates can now own land � increased demand


Steel Door Frame Market

AED 50

AED 50

AED 200

AED 30

AED 50

5

AED 15

AED 455

Avg. Cost of Single Wooden Frame & Installation

Raw Material - (Wooden Sub-Frame)

Hinges (3)

Lock Pocket & Striker Plate

Installation (No. of hours)

Total Cost (per frame)

Cost of Labour per hour (Dhs)

Lintel

Raw Material - (Wooden Door Frame inc. Architraves)

Not Applicable

Not Applicable

Not Applicable

Included

Included

Not Applicable

Not Applicable

AED 280Total Cost (per APG 2040 x 820 frame, 155mm B.Opening)

Lock Pocket & Striker Plate

Lintel

Cost of Labour per hour (Dhs)

Avg. Cost of Single Steel Frame & Installation

Hinges (3)

Raw Material - (Wooden Door Frame inc. Architraves)

Raw Material - (Wooden Sub-Frame)

Installation (No. of hours)


India - Joint Venture


Sharus Steel Products

� Signed Formal Joint Venture Agreement

� JV Global Limited (40%) – Shapoorji Pallonji (60%)

� Sharus to own land, buildings, plant & equipment

� Finalising profile & machine order will be placed within next couple of weeks


Shapoorji Pallonji

� Shapoorji Pallonji is one of the premier companies in India, having executed its first contract in 1865.

� First Indian Construction company to acquire ISO-9001 Certification

� They are a large and diversified industrial conglomerate whose holdings include interests in construction, IT, healthcare, pharmaceuticals, water-treatment, power, manufacturing, infrastructure and transport.


Shapoorji Pallonji

� Shapoorji Pallonji is owned by the MistryFamily, who is the largest private shareholder of TATA SONS LIMITED, the holding company for the TATA GROUP, whose annual turnover is in excess of US$15 Billion.

� Shapoorji Pallonji have offices located throughout India in Mumbai, Ahmedabad, Nasik, Pune, Bangalore, Delhi, Kolkata, Hyderabad and Chennai as well as International offices in UAE, Kazakhstan, Oman, Mauritius and Guyana.


SP Client List


SP Projects

Palace of The Sultan of Oman


SP Projects

World Trade Centre - Mumbai


SP Projects

Reserve Bank of India - Mumbai SD Corporation - Mumbai


SP Projects

Taj Mahal Hotel - Mumbai


SP Projects

GVK Mall - Hyderabad


AC Nielsen Survey

� The all India Market for door frames is estimated to be in excess of US$900 Million pa.

� The Tenth Five-Year Plan estimated a shortage of 22.4 million dwellings.

� Over the next 10 to 15 years, 80 to 90 million dwellings will have to be constructed with a majority of them catering to middle and lower income groups.

� Investment required for constructing the houses and related infrastructure in this period would, thus, be to the order of US$666 billion at roughly US$33 billion to US$44 billion per year.


China

� Visited China – Trade Mission sponsored by WACCC, DoIR and WATO.

� Resulted in meeting SBS – Preliminary MOU signed

� Mr Zhu Dakang visited Perth in March this year

� Resulted in an expanded MOU which sets out criteria for further investigation� Market Survey & Business Plan

� Cost Analysis

� On-Going…


Turnkey Projects

� Machine Sales

� Egypt

� Jordan

� Sudan

� Sri Lanka

� Indonesia


Future…

� Appointment of Sales Manager

� Development / Introduction of other products

� New Markets – Austrade

� 5 Year Plan – 3 Joint Ventures

� UAE

� India

� China

� On-track – Ahead of schedule…


Questions

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