Setting New Horizons - Welspun

DisclaimerThis presentation contains certain forward looking statements concerning future businessprospects and business profitability of Welspun Group, which are subject to a number ofrisks and uncertainties and the actual results could materially differ from those in suchforward looking statements. The risks and uncertainties relating to these statements include,but not limited to, risks and uncertainties, regarding fluctuations in earnings, our ability tomanage growth, competition ( both domestic and international), economic growth in Indiaand the target countries for exports, ability to attract and retain highly skilled professionals,time and cost over runs on contracts, our ability to manage our international operations,government policies and actions with respect to investments, fiscal deficits, regulations, etc.,interest and other fiscal costs generally prevailing in the economy. The company does notundertake to make any announcement in case any of these forward looking statementsbecome materially incorrect in future or update any forward looking statements made fromtime to time by or on behalf of the company.

Vision

Global Presence…

Synopsis…• Fastest emerging Global Groups• 2 nd Largest Large Diameter Pipe Company in the World(Financial Times, UK)• 3 rd Largest Home Textile Company in the World(Home Textiles Today 2010)• India’s largest retail chain in Home Textiles• India’s largest gas-based Merchant DRI producer

Synopsis…• Turnover of US$ 3 billion• Relationship with most of the Fortune 100 Companiesoperating in Oil & Gas and Retail sector.• Marquee client list includes Exxon Mobil, Chevron, Shell,Transcanada, Wal-Mart, Target amongst others.• Enjoys support from some of the largest financialinstitutions and investors like Temasek (Govt. ofSingapore), Goldman Sachs, HSBC, State Bank of India,Bank of Baroda amongst others.

Revenue GrowthFY 2010 - Rs.125,000 mnFY 2009 - Rs.93,360 mnFY 2006 - Rs.42,370 mnFY 2005 - Rs.30,440 mnFY 2001 - Rs. 10,190 mnFY 1995 - Rs. 2,000 mn

Products...

Facilities...Palghar, Maharashtra, India-1985Dahej, Gujarat, India - 1997Silvassa, India-1998Vapi, Gujarat, India - 1995Anjar, Gujarat, India - 2005Chihuahua, Mexico - 2007Little Rock, Arkansas, U.S. - 2009Salav, Maharashtra, India - 2009Baroda, Gujarat, India-2010

Relationship with International Giants

Leadership TeamMr. B.K. GoenkaChairmanMr. Goenka, the prime architect of WelspunGroup is the strength behind Welspun’sjourney over the last 25 years. His strongbusiness acumen combined with risk-takingabilities has enabled Welspun to succeed inmany high-growth sectors. He has a visionto make Welspun one of the most respectedGroups in the World by creating world-classcompanies, second to none. He has beennominated as Entrepreneur of the Year byErnst & Young and is a member of theYoung President’s Organization.

Leadership TeamMr. R.R. Mandawewala,Managing DirectorMr. Mandawewala heads the steel pipebusiness of Welspun and is Director ofChristy, UK, Welspun Sorema, Europe, S.A.and Welspun USA. A Chartered Accountantby profession and with over 25 years ofexperience, he has expertise in industriesvarying from Textiles to SAW Pipes.

Leadership TeamMrs. Dipali GoenkaExecutive DirectorMrs. Dipali Goenka’s leadership has beeninstrumental in Welspun’s textilebusiness. Mrs. Goenka has been thedriving force in establishing WelspunRetail Ltd as the market leader in theIndian home textile retail space - with twobrands Spaces Home & Beyond andWelhome.

Welspun’s Evolution1985Polyester Texturising yarn facility at Palghar, Maharashtra, India………………………………………………………………………………………………………………………………………………………………………………………………………………………….1993Terry Towels facility at Vapi, Gujarat, India.………………………………………………………………………………………………………………………………………………………………………………………………………………………….1995Cotton yarn spinning facility at Vapi, Gujarat, India.………………………………………………………………………………………………………………………………………………………………………………………………………………………….1997SAW (Submerged Arc Welded) pipes at Dahej, Gujarat, India.………………………………………………………………………………………………………………………………………………………………………………………………………………………….1998Polyester Filament Yarn facility at Silvasa, Maharashtra, India.………………………………………………………………………………………………………………………………………………………………………………………………………………………….

Welspun’s Evolution1999Bathrobes facility at Vapi, Gujarat, India - a Joint Venture with Vincenzo Zucchi,Italy………………………………………………………………………………………………………………………………………………………………………………………………………………………….2000Welspun USA at New York, USA - now a subsidiary of Welspun Global Brands Ltd.………………………………………………………………………………………………………………………………………………………………………………………………………………………….2001Pipe Coating at Dahej, Gujarat, India - a Joint venture with Eupec Coatings GmbH',Germany………………………………………………………………………………………………………………………………………………………………………………………………………………………….

Welspun’s Evolution2005• Home Textiles and Pipes expansion projects at Anjar, Gujarat, India• Terry Towels, cotton yarn spinning and foray into bed sheeting.• SAW pipe, and foray into ERW (Electrically Resistant Welded)• Power Plant at Anjar, Gujarat, India• TMT (Thermo Mechanically Treated) Rebars, Ingots and Billets.………………………………………………………………………………………………………………………………………………………………………………………………………………………….2006• Acquired Christy, U.K.'s leading towel brand & exclusive supplier to theWimbledon Tennis Championships.• Oil and Natural Gas Exploration - a Joint Venture with Adani Group• 2 new HSAW Plants at Anjar, Gujarat, India

Welspun’s Evolution2009• Welspun India Ltd. demerged its Marketing and Investment & Treasury divisionsinto Welspun Global Brands Ltd. and Welspun Investments Ltd. respectively• Spiral Pipe facility at Little Rock, Arkansas U.S.• Plate cum Coil Mill (First of its kind in India) at Anjar, Gujarat• Acquired Vikram Ispat Ltd., the Sponge Iron business of Grasim Industries- rechristened as Welspun Maxsteel Ltd.………………………………………………………………………………………………………………………………………………………………………………………………………………………….2010• Welspun Energy Ltd. – Solar Energy business• Welspun Infratech Ltd. - Acquisition of MSK Projects India Ltd., rechristenedas Welspun Projects Ltd.• Change of Name of Welspun Gujarat Stahl Rohren Ltd. to Welspun Corp Ltd.• Investment in Middle East with Spiral Pipe and Coating facility in Saudi Arabia………………………………………………………………………………………………………………………………………………………………………………………………………………………….

Group Companies…TEXTILESWelspun India Limited www.welspuntowels.com• Largest vertically integrated manufacturer of towels in Asia• Facilities situated at Vapi, Anjar (Gujarat, India), Mexico and Portugal.• Recently demerged its Marketing and Investment & Treasury divisionsinto Welspun Global Brands Ltd. (Sales & marketing) and WelspunInvestments Ltd. (Investment) respectively.• Completed US$ 35 million of fund raising through QIP in Apr-10

Group Companies…TEXTILESWelspun Global Brands Ltd. www.welspunglobalbrands.com• Owns and license brands like Christy, Sorema, Graciozza, Amy Butler,Hygrocotton, Luxus, Smart, Spaces Home & Beyond and Welhome,• Strong management and team of talented workforce spread across UK, USA,Europe and India• Welspun USA Inc., Welspun UK Ltd., Welspun Sorema Europe S.A.,Welspun Retail Ltd are the Companies which are currently under WelspunGlobal Brands Ltd.

Group Companies…TEXTILESWelspun UK Limited, UK www.christy-towels.comIn July 2006, Welspun acquired 85% (now 100%) stake in Christy, U.K.'s leadingtowel brand. Launched in 1851, Christy is the world's oldest towel manufacturerand exclusive supplier to Wimbledon Tennis Tournament.Welspun Sorema Europe S.A., Portugal www.sorema.ptIn December 2007, Welspun acquired 76% interest in Sorema, one of the leadingBath Rug majors in Europe.Welspun Retail Limited www.welspun-retail.comIndia’s first organized Home Textile stores under brands SPACES HOME &BEYOND and WELHOME.

Group Companies…TEXTILESWelspun Mexico S.A. DE C.V.Decorative beddings - Produces 1.04 million bed-sets per annum.Welspun Syntex Limited www.welspunsyntex.comAmongst the largest exporters of Polyester Texturised Filament Yarn from India.Creates nearly 200 new colors every month.Welspun Zucchi Textiles Limited www.welspunbathrobe.comJoint venture of two Global leaders; Welspun India Ltd. and Vincenzo Zucchi S.p.Aof Italy. Currently the largest manufacturer and exporter of bath robes in India

TUBULAR LINE PIPESWelspun Corp Limited (WCL) www.welspuncorp.com(Formerly Welspun Gujarat Stahl Rohren Ltd.)• Largest Pipe manufacturer in the World– Ranked as the 2 nd Largest (Large Diameter) Line Pipe Manufacturer in the World – FinancialTimes UK - 2008• Approved by almost every Oil & Gas major including Transcanada, Shell,Gazprom, Total & Elpaso• Facilities at Dahej & Anjar, (Gujarat), Mandya (Karnataka), Little Rock,(Arkansas, USA) and Damam, (Saudi Arabia)– Total Pipe capacity of 1.55 mn MTPA going up to 2.1 mn MTPA by FY2011

TUBULAR LINE PIPESWelspun Corp Limited (www.welspuncorp.com)(Formerly Welspun Gujarat Stahl Rohren Ltd.)• State-of-art Plate-cum-Coil mill at Anjar, Gujarat India- Plate cum Coil Capacity of 1.5 mn MTPA• Completed US$ 250 million fund raising through FCCB & QIP in Oct / Nov2009• Welspun Middle East LLC, a pipe manufacturing and pipe coating facility inSaudi Arabia is one of the largest Spiral Pipe manufacturing facilities in theregion- It can produce up to 300,000 MTPA of Spiral Pipes- Long term assets valued at US$ 115 mn

STEELWelspun Steel Limited www.welspunsteel.com• State-of-the-art facility to manufacture Ribbed Thermo Mechanically treated(TMT) rebars, which have the prestigious ISI certifications.• Acquired Vikram Ispat in May 2009, Sponge Iron Business of GrasimIndustries Ltd.– For a total value of about US$ 228 million– The plant, situated in the Raigad district of Maharashtra has an installedcapacity of 1.0 mn MTPA.– The plant has doubled production– The Company is now re-christened as Welspun Maxsteel Ltd.(www.welspunmaxsteel.com).• Strategic investment in Remi Metals Gujarat Ltd.

EXPLORATION AND PRODUCTIONWelspun Natural Resources Ltd.• Incorporated with a main object of manufacturing and dealing in naturalresources oil, gas and minerals.• Current activity includes bidding for oil and gas fields in India as well as foroverseas fields.• Currently has 8 fields – 3 in Gujarat, 1 in Maharashtra, 1 in Assam, 1 in Egyptand 2 in Thailand

INFRASTRUCTUREWelspun Infratech Ltd. www.welspuninfratech.com• A 100% subsidiary of Welspun Corp Ltd. set up to enter the US$ 500 billioninfrastructure industry in India.• Acquired MSK Projects India Ltd., rechristened as Welspun Projects Ltd.,marking its foray into infrastructure and laying of oil & gas and waterpipelines.– Total investment of up to US$ 90 million for a stake of about 61.12%• Aims to capture the full value chain - from Manufacturing of Plate & Coil – toLine Pipe and finally to Pipe laying.

SOLAR ENERGYWelspun Energy Ltd. www.welspunenergy.comThe Energy arm of WCL has beenincorporated to meet India’s growingenergy needs in an efficient andenvironment-friendly manner.Towards this commitment, WelspunEnergy intends to set up solarenergy based power generationfacilities across the country.

Global Footprint…Listed on (Stock Exchanges)• India (BSE &NSE)Key Consultants• Ernst and Young• KPMG• PWCKey Markets• 80% of the products are exportedto most developed economies viz.US, Europe, Middle East.Key Associates• Mannesmann Demag, Germany• Voest Alpine, Austria• Capello Tubi, Italy• Eupec, Germany

Global Footprint…Other Key Investors-Temasek (Govt. of Singapore)-HSBC Global Investment Fund-Goldman Sachs-State Bank of India-Bank of BarodaInternational Setup- Welspun UK Ltd.- Welspun Sorema Europe, S.A.- Welspun Mexico S.A. DE C.V.- Welspun USA Inc., New York- Welspun Tubular LLC, Arkansas

Corporate Social Responsibility (CSR)Sustainability• Each and every Welspunite is proud to practice the principles paved by the3 E’s - Education, Empowerment of Women & Health and Environment,thereby realizing the overarching vision of overall development.• Welspun adopts the most environment friendly production processes, watereffluent systems, waste disposal mechanisms and strictly follows waterharvesting measures at all its facilities.

Corporate Social Responsibility (CSR)Sustainability• Each production center is equipped with a 24 hour medical facility for healthhazards.• Welspun City, a 2500 acre township at Anjar, is a prime example ofcontinuous efforts to protect the environment with a strong emphasis onafforestation. The City is in the process of creating a green belt, which oncecompleted, will be a veritable forestation of about 500,000 trees.

Recognitions in 2009-2010WELSPUN CORP LTD.• EMERGING COMPANY OF THE YEAR- Economic Times Award For Corporate Excellence• STAR PERFORMER AWARD FOR THE YEAR- Engineering Export Promotion Council – India• TOP INDIAN COMPANY IN METAL PIPES- Dun & BradstreetMr. B.K. Goenka, CMD Welspun,accepting the ‘Emerging Company ofthe Year’ Award from the PrimeMinister of IndiaDr. Manmohan Singh• NATIONAL AWARD FOR EXPORT EXCELLENCE- Engineering Export Promotion Council – India

Recognitions in 2009-2010WELSPUN INDIA LTD. / WELSPUN GLOBAL BRANDS LTD.• SPECIAL GOLD TROPHY FOR HIGHEST GLOBAL EXPORTS- Texprocil• 3rd LARGEST HOME TEXTILE SUPPLIER / MANUFACTURER– Home Textiles Today• INTERNATIONAL DESIGN AWARD - Spaces Home & Beyond– Elle Décor6• COTTON TEXTILE EXPORT PROMOTION COUNCIL (TEXPROCIL)AWARDS – 2 Gold Trophies, 2 Silver Trophies and 1 Bronze TrophyTEXPROCIL AWARDS

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