Welcome to the World of Shipping

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Changing Face of

Tata Steel, INDIA

with the collaboration with

NYK LINE, JAPAN

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TATA NYK SHIPPING PTE. LTD.

TATA NYK SHIPPING (I) PVT. LTD.

&

Vision & Mission

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Vision

Leading bulk carrier for the Tata Group and the Indian market

Profitable and sustainable growth

Innovative freight solutions

Teamwork, speed and flexibility

Integrity and corporate governance

Mission

Low cost, modern and competitive fleet

Acquire dominant market share in the Indian market and share of spend of the Tata group companies

Best global practices

Highly skilled, reliable and motivated employees

Highest ethical standards

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50:50 JV between Tata Steel Ltd. (INDIA) And NYK Line (JAPAN)

Headquartered in Singapore to take advantage of favorable tax status and

wider access to vessel financing

Scope of the JV

Owning, Chartering & Operating ships to carry:

• Dry bulk and/or break bulk cargo in & out of India

• All Tata dry bulk & break bulk cargo anywhere in the world

• Any cargo for optimum utilization of vessels with consent of NYK Line

Corporate Profile

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Profile – Tata Steel

Established in 1907, Tata Steel is the world's 6th largest steel company with

an existing annual crude steel capacity of 28 million tonnes.

Manufacturing and marketing network in Europe, South East Asia and Pacific-

rim countries.

Investments in Corus, Millennium Steel (renamed Tata Steel Thailand) and

NatSteel Asia, Singapore

Regarded globally as a benchmark in corporate social responsibility

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Profile – NYK Line

Since its foundation in 1885, Nippon Yusen Kabushiki Kaisha (NYK Line) has

overcome various challenges and grown steadily to become one of the

world's leading shipping companies.

Operations comprise of liners, logistics, tramps, specialized carriers, cruise

ships, tankers, dry bulk, PCC, CBU Logistics, shipping line management and

ship management.

779 cargo vessels with a carrying capacity of 52,239,693 kt (dwt) as on 31

March 2009

Research and development of transport systems that meet all kinds of

customer needs

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Global shipping hub - Easy access to vessel financing

Strategic location

Political stability

Complex infrastructure and well developed economy

AIS status - 10-year tax holiday

The Singapore advantage

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Viable independent business enterprise.

Shipping expertise of NYK – Owning, Chartering & Operation of vessels

Synergy across Tata group companies – large cargo base

Using market cargo to keep rates for the group competitive

Access to India’s growing trade with Tata brand

Rationale for the JV

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Highlights of the JV

Incorporated on March 21, 2007 in Singapore

Issued share capital : $ 45 million (contributed equally by Tata Steel and

Bulk & Energy BV, a wholly owned subsidiary of NYK Line)

Tata NYK Shipping India Pvt. Ltd. (Indian subsidiary) set up on September

6, 2007

Managing Director : Mr. Rajiv Mukerji

CEO, India: Mr. Yoshihisa Konno

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Organization Structure

Drawn from resources of Tata Steel group & NYK and employees with

multi-national background

Current organization strength : 25 people

Covers corporate finance, sales, chartering & operation of vessels &

human resources development

Offices

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Head Office : TATA NYK Shipping Pte. Ltd.

22 Tanjong Kling Road, Singapore

Subsidiary : TATA NYK Shipping (India) Pvt .Ltd.

Tata Centre , Kolkata

Sales Office : TATA NYK Shipping (India) Pvt .Ltd.

Neville House, Ballard Estate, Mumbai

Business Strategy

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Investing in fleet – long term charters and ownerships

Larger vessels with longer tenures

Low cost vessel financing

Exploit spot/short term opportunities – Profit maximization

Risk managementDevelop Pacific / Atlantic

round voyages

SustainableGrowth

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Value creation

Value creation from control of fleet (long term charter + owning)

In the initial 2 years of its operations, the JV has:

Chartered/ Operated 10 vessels on Long Term Time Charter

• Owned 1 vessel (MV SAGARJEET)

• Ordered 3 vessels (ownership)

• Contracted 5 Capes on long term time charter

• Vessel acquisition for the JV has been from zero base

Fleet cost to average out over a period of time

Increased knowledge-base in shipping – instrumental in long term value

creation

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Focus on growth and profitability

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Fleet buildup

New business

Long term strategy

Capesize

CapesizeFleet buildup

New business Long term strategy

Sufficient business for capesizes

Underwrite with long term

contracts

Committed volumes necessary

Long term charters and

ownerships

Balance between owned and

chartered vessels

Decide on timing of new building

orders/delivery

Consolidated financing strategy

Corus business without agents

New business from Tata Power

and Tata Steel

Spot business opportunities

Value creation for Corus

Vehicle mix optimization

Control on freight rates

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Positioning of the JV

Clear view of TSL Group requirements including 15 year cover positions.

Relationship on commercial/ market agreements with preferred position

Active participation for cargo movement of TSL group based our of south

east Asia and Europe.

Tata NYK will require –

• build its own assets (new buildings)

• long term agreements to charter to TSL group & the market

Openness & trust and data sharing between TSL group and Tata NYK.

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Accelerated Career path (5 levels)

International exposure and opportunities

Corporate work environment and culture

Best training and guidance from shipping master

Cross functional exposure

Challenging assignment

Unmatched quality of life

Brand Name

What’s in it for you

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Q

QUERIES

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THANK YOU