Anshumali Dwivedi

Chief Executive Officer December, 2015

Overview – Essar Global Investment Verticals

1 Includes impact of 7 MTPA new capacity from Minnesota pelletization project and 6 MTPA new capacity at Paradip

INFRASTRUCTURE SERVICES ENERGY

Oil & Gas

• #2 largest single location

refineries in India and UK

• c.701k bpd / 34 MTPA

operating refining capacity

• c.1,700 retail fuel outlets

• 10 TCF coalbed methane

resources

Power

• 3,910MW commissioned

capacity increasing to

6,700MW

• Large scale assets in west,

central and east India

• Operating and in development

coal mines

• Secured long term PPAs

Resources

• 2 bn tonnes of iron ore

resources

• 27 MTPA pellet capacity1

• 7 MTPA: Minnesota,

USA

• 20 MTPA: Eastern India

Steelmaking & Marketing

• 14 MTPA steelmaking capacity

• 10 MTPA India

• 4 MTPA Canada

• #4 largest single site globally

• 4 MTPA distribution capacity

• 300+ retail outlets across India

Ports

• One of India’s largest ports

businesses

• 5 major strategic locations on

the east and west coasts of

India

• Ownership of key infrastructure

for EGF assets

• 120 MTPA operational capacity

• 250 MTPA planned capacity

Projects

• $3bn+ order book

• 40 year track record and global

operations

• #2 largest equipment bank

in India

Shipping

• 26 ships includes VLCCs,

capsize, supramax, bulk

carriers & tugs

• Aggregate shipping capacity of

1.6mn (dwt)

• Oilfield Services: 15 land rigs,

1 semi submersible offshore rig

BPO

• 40,000+ employees

• 150+ global clients

• 43 locations in 9 countries

Real Estate

• Portfolio of 16mn sq.ft. in

residential, commercial and

mixed use projects

METALS & MINING

1

Investment in excess of US$17 billion in key assets across the portfolio since 2008

2

Essar Ports: Overview

58 MMTPA Liquid Terminal at Vadinar

30 MMTPA Dry Bulk / General Cargo

Terminal at Hazira

16 MMTPA Dry Bulk Terminal at Paradip

16 MMTPA Iron Ore Berths at Vizag

Salaya

Paradip I

(Dry Bulk) Hazira

INDIA

BAY of

BENGAL

INDIAN

OCEAN

Paradip II

(Coal)

Vadinar

Hinterland for Essar Ports

Vizag (Iron Ore)

Current capacity of 120 MMTPA to be scaled up to 250 MMTPA by 2018

Presence in strategic locations of east and west coast of India , with bulk of the investments in the key state of Gujarat

Key growth locations of Mozambique and Algoma

High operating margins at operating ports. Further scalability possible at most locations

Total Ports sector investment by Essar globally is USD 2.7 Bn

20 MMTPA Dry Bulk Terminal at Salaya

16 MMTPA Iron Ore Berths at Vizag

20 MMTPA General Cargo Terminal at

Hazira

18 MTPA Coal Terminal at Paradip

20 MMTPA coal terminal at Mozambique to

be developed in 2 phases

Operational – 148 MMTPA

Under Construction – 56 MMTPA

Under Development – 38 MMTPA

Essar Ports: Strong Focus on Health Safety and

Environment

3

Double Accredition - 5 star health, safety and environment management system and Sword of

Honour by British Safety Council

2

Key Awards

1

Dun & Bradstreet Infra award 2014 under the Port Project Category for project execution and

success.

6

Gold Award for Occupational Health & Safety from The Royal Society for Prevention of Accidents

(RoSPA) – UK

5

Rated for ISO 9001:2008, ISO/TS 29001:2007, ISO 28000:2007, ISO 140001:20001 and

OHSAS 18001:2007

3 Safety Management awards from Greentech, Lloyds List Middle East, Gujarat Star Awards 2012

4

Award for outstanding environmental protection at India Shipping Summit for innovation and best

practice in minimizing marine pollution and the protection of the marine environment

7 Best Coal Port Performer of the Year 2012 during 6th Indian Coal Markets Conference

Port of Algoma: Quick Facts

4

ALREADY HANDLES

NEARLY 500 VESSELS PER YEAR

(10% of the large vessels

navigating through the area)

5 THE

LARGEST PORT ON THE CANADIAN

GREAT LAKES

BY VOLUME

TONS OF

5 SHIPMENTS PER

YEAR

M I L L I O N

12 BERTHS / SLIPS WITH TOTAL

LENGTH OF 1376 METERS OF DOCK

WATER DEPTH

OF UP TO 27

FEET

CLASS 1 RAILWAYS

(CN & CP) TRANS-CANADA HIGHWAY 17

& U.S. I-75

STRATEGICALLY

LOCATED Port of Algoma links to all major multi-modal

transportation networks in the region. The port provides direct

access by rail and the highway to international markets. It

connects to the I-75 through the International Bridge

Capabilities & Support

5

Port Capabilities

1 • 440 acres of land in Sault Ste. Marie

• Port has existing ability to handle all types of bulk, break bulk and containerized

cargo

Community and Government Support

2

• City of Sault Ste. Marie has declared the Port of Algoma as its top priority

project, given the long term opportunity for economic development

• Supported by NOHFC and FedNor

The harbor facility is comprised of various docks as well as storage areas for inbound and outbound commodities

Parentage

• Port of Algoma Inc established as an independent company under Essar Ports

Global Holdings in 2014

• Essar’s Ports portfolio is currently at a capacity of 120 million tons per annum,

being scaled up to 250 million tons per annum.

3

Business Opportunities

6

The Port of Algoma will offer businesses room to grow:

Substantial acreage available onsite for storage and enterprise

development

Fully serviced – water, power and more

TIMBER/WOOD

PRODUCTS CONTAINERS PROJECT

CARGO AGGREGATES AUTOMOBILES/

RORO

CHROMITE WASTE

RE-PROCESSING

Why Marine Shipping?

7

Supporting the Economy

8

The Port of Algoma attempts to support the regional and national economy by:

Optimizing the capacity, efficiency and safety of the existing transportation system;

Ability to pull fresh investments to the region given the presence of the full service Port, and access to multi-

modal logistics

Linking major markets with rural and remote communities, economic opportunities, resource development

areas, and service hubs

Providing a public access / multi-user port with improved facilities that will handle a broader range and increased

volume of commercial and industrial shipments, will generate considerable economic activity and person-years of

employment

Benefits

9

Enhancing connectivity among transportation modes including rail, road and marine;

Reducing emissions and other environmental impacts associated with transportation;

Increased short haul truck traffic and associated job creation

Furthermore, the port significantly supports regional development and diversification along with enhancing

Sault Ste. Marie’s role as an economic and service hub.

Port of Algoma Snapshots

10

10,000DWT Barge at Jetty

Rail Yard facility

Connected Rail Network

Steel Loading Equipment

Coal Dock

11

Export Dock

12

Steel Dock

13

Thank You

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