Welspun Group Investor Presentation

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August 2015

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PIPES

HOME TEXTILES

RENEWABLE

ENERGY

Business Verticals

Group Snapshot

Turnover USD 3 bn, Asset base of ~USD 3.2 bn.

Ranked 1st among Home Textile Suppliers in the US (Source: Home Textile Today Magazine (HTT))

2nd Largest Large Diameter Pipe Company in the world. (Source: Financial Times, UK)

India’s Largest Solar Independent Power Producer (IPP)

Strong Business relationship with most of the Fortune 100 Companies in Retail and Oil & Gas sector.

Equity investment by global investors – Apollo, GE, ADB, Goldman, etc.

Multi decade relationship with Leading Investment Bankers like JPM, Morgan Stanley, Merrill Lynch,

Standard Chartered, Citi, Credit Suisse, Daiwa, UBS etc.

AA- for Long Term and A1+ for Short Term (high degree of safety regarding timely servicing of financial

obligation) ratings by FITCH, India

Independent Boards with Apollo, GE & ADB nominees as Board Members

Big Four as Audit Firm in key group companies.

Global Presence

More than 50 Countries across the world...

Welspun Evolution

1985 Welspun is born as a Textile Company

1993 Enters into Terry Towels – Vapi, Gujarat, India

1997 Enters into SAW pipes - Dahej, Gujarat, India

1998 Polyester Filament Yarn facility - Silvassa, India

2006 Acquired ‘Christy’ - UK’s leading towel brand & exclusive supplier to Wimbledon

Foray into O&G Explorations - JV with Adani group as Adani Welspun Exploration Ltd.

2009 Greenfield Spiral pipe facility overseas (Little Rock, Arkansas, US) of 350,000 tons

2008 Acknowledged by Financial Times , UK as the World’s 2nd Largest (LD) pipe manufacturer

Awarded as “Emerging Company of the Year” for Corporate Excellence by ET

2005 Sets up its home textiles and pipes manufacturing facility at Anjar, Gujarat

2010 Foray into Renewable Energy

Entry into infrastructure - Acquisition of MSK Projects India Ltd. - renamed as Welspun

Projects Ltd.

Majority stake in Aziz European Spiral Pipe factory - Saudi Arabia

2011 Apollo invests USD 320 mn in Welspun Group

WIL raised Rs. 1,560 million via Qualified Institutional Placements (QIP)

2013

Achieved production, sales & order booking of 1 mn tonnes in Line Pipes

Demerger of non-pipe business - O&G, Steel, Energy & Infra from WCL to “Welspun EnterprisesLtd”

Home Textiles business re-organisation and consolidation of textiles business under a single umbrella to create

unified stronger entity; ranked No:1 Home Textile supplier to US

Ranked no 1 : Home textiles supplier in US by Home Textiles Today (HTT)

2014 Achieved production, sales & order booking of 1 mn tonnes in Line Pipes for second consecutive year

Exited Leighton acquired in 2011

Ranked No 1 Home Textile supplier to US for second consecutive year

2015

Achieved production, sales & order booking of 1 mn tonnes in Line Pipes for three consecutive years

Sold Maxsteel (DRI) business acquired in 2009 from Vikram Ispat (Maxsteel)

Ranked No 1 Home Textile exporter to US for third consecutive year

Commissioned India’s largest spinning facility under one roof at Anjar,Gujarat

Merger of Welspun Enterprises and Welspun Projects to create stronger entity to capitalise on future growth

opportunities

Welspun Evolution...............Contd

Strong relations with international brands

Revenue Growth

FY 2015 - Rs. 173,635 Mn (US$ 2,840 Mn)

FY 2014 - Rs. 163,994 Mn. (US$ 2,711 Mn)

FY 2013 - Rs. 162,040 Mn. (US$ 2,976 Mn)

FY 2012 - Rs. 145,770 Mn. (US$ 3,040 Mn)

FY 2011 - Rs. 152,280 Mn. (US$ 3,345 Mn)

FY 2010 - Rs. 125,180 Mn. (US$ 2,640 Mn)

FY 2009 - Rs. 93,360 Mn. (US$ 2,034 Mn)

FY 2006 - Rs. 42,370 Mn. (US$ 951 Mn)

FY 2001 - Rs. 10,190 Mn. (US$ 223 Mn)

FY 1995 - Rs. 2,000 Mn. (US$ 64 Mn)

Particulars FY15

Revenue 173,635

EBIDTA 29,207

Cash PAT 18,282

Net Worth 79,021

Net Debt 76,438

Products

Home Textiles - Welspun India Limited

Global Leader in Home Textile (HTT Magazine US).

Manufacturing facilities at Vapi and Anjar (Gujarat, India).

Strategic Vendor to 20 of the top 30 retailers - Walmart, Target, J C Penney, Kohl’s, Macy’s, etc.

Credit Ratings by FITCH INDIA Rating : Long Term : AA- & Short Term : A1+

Owned / licensed brands such as Christy, Spaces, Welhome, Kingsley, Hygrocotton, etc.

Exclusive Licensee for the Wimbledon Championship.

Every 6th Towel in US is made by Welspun, every store in UK offer Welspun products.

Capacity Expansion/Backward Integration near completion to enable multi year growth

Innovation and Branding – Key Driver to the Business

Steel Pipes - Welspun Corp Ltd.

WELSPUN CORP LIMITED / WELSPUN TUBULAR LLC / MIDDLE EAST PIPE LLC

World’s 2nd largest LD(large diameter) pipe company -capacity of 2.425 mn MTPA.

Supplied line pipes to some of the most challenging projects in the world - Deepest Pipe line,

Longest Pipe Line, Heaviest Pipe line and Highest Pipe line.

Accredited by all Oil & Gas majors like Transcanada, Shell, Gazprom, Total & Elpaso

Facilities at Dahej, Anjar, Mandya in India, Little Rock in US and Dammam in Saudi

Multi-location presence aids in building strong order book

1.5 mn MT State-of-art Plate-cum-Coil mill at Anjar,Gujarat

Private Equity major Apollo Global invested US$ 290 mn in 2011.

Credit Ratings by CARE : Long Term : AA- & Short Term : A1+

Renewable Energy - Welspun Renewable Energy

Committed to Green energy - solar, wind, hydro and biomass.

Largest solar power developer in India ~450 MW commissioned; to reach

1,000 MW by March 2016 and 2,000 MW by March 2017.

Projects across states including Gujarat, Rajasthan, Madhya Pradesh and Andhra Pradesh.

ADB, GE as Equity Partners

2 out of 4 best operating assets in India belongs to Welspun

Received The Global Solar EPC Award (innovative service) for excellence 2014 in solar project

development.

Corporate Social Responsibility (CSR)

Welspun India Only Certified Women’s Enterprise – WeConnect International

Each and every Welspunite is proud to practice the principles paved by the 3 E’s - Education, Empowerment of

Women & Health and Environment.

Welspun adopts the most environment friendly production processes, water effluent systems, waste disposal

mechanisms and strictly follows water harvesting measures at all its facilities.

Each production center is equipped with a 24 hour medical facility for health hazards.

Welspun City, a 2500 acre township at Anjar, is a prime example of continuous efforts to protect the environment

with a strong emphasis on afforestation. The City is in the process of creating a green belt, which once completed,

will have over 500,000 trees.

8 Vocational Centers to train women in Cutting & Stitching; 652 women trained in stitching with avg. earning per

women per month at INR 4434

Vocational Training Centers for disabled people: - Manav Vikas Kendra at Kutch, for training of more than 100

deaf and Mute and differently abled people.

Mrs. Dipali Goenka nominated on the board of SA 8000 – Social Accountability Audits

Awards & Recognitions

Mr. B. K. Goenka, CMD Welspun,

accepting the

‘Emerging Company of the Year 2008’

Award from the Prime Minister

of India, Dr. Manmohan Singh

Mr. B. K. Goenka ranked among the “Top 100” in

“India's Most Powerful CEOs”, a report released by

India's leading business daily The Economic Times

in association with IMRB International in May 2012.

Awards & Recognitions – Welspun India Ltd

2013

Sears/K-mart Vendor of the Year.

5 Star Vendor award for the year 2013 by Macy’s.

Textile Conclave 2013 Brand INDIA Largest Producer Made Ups &

Home Textiles.

Largest Exporter Made Ups & Home Textiles.

Texprocil Award 2012-13 Special Gold Trophy for Highest

Global Exports

Gold Trophy for Highest Exports of Terry Towels in Made-ups

5 Star Vendor award for the year 2014 by Macy’s.

Special award “Global Citizen Award” for our Corporate Social Values by Macy’s

CEO award from Sears Holding.

Green Believers Award from Frost and Sullivan's at Green Manufacturing Excellence Awards and Summit 2014.

“Best Corporate Social Responsibility Practices” award at Global CSR Excellence Leadership award 2014 by World CSR Congress.

2014 2015

Target Partner Award of Excellence for performance in 2014

Sheridan – Best Supplier Award for performance

Golden Peacock : Environment Management Award

JCPenney –Innovation Award

Texprocil : Highest Global Exports – Special Gold 2013-14

ECGC D&B - Best Trader Exporter, Indian Exporter Award’14

ASDA George Home - Best Product Quality award

“NACE INTERNATIONAL CORROSION AWARENESS AWARD 2014”

- Category for Excellent Material Research and Corrosion Testing facilities

“FICCI Quality Systems Excellence Award for Manufacturing 2014”

-Certificate of Silver (Third) Prize in Large Size Category

EXCELLENCE in GLOBAL TRADE

- Governor's Award, 2013

IPLOCA CSR Award (Runner Up)

-TOTAL, 2013

Top Exporter of the Year

– EEPC, 2011

Best Indian Manufacturing Company in the US

– Indo American Chamber of Commerce – US, 2011

Awards & Recognitions – Welspun Corp Ltd

Together We can make

A Difference