October 2011

1. Company Presentation October 2011

2. Industry Opportunity • Business + Management • Financial Snapshot • Growth Strategy

3. Industry: Mill Internals High Chromium wear resistant parts for grinding & crushing equipment

4. Industry: Mill Internals (cont’d) Grinding Media Liners Diaphragm Rollers & Table liners Blow bars / Hammers Dipping Tubes Cement & Mining as key end-user industries

5. Process Critical Input for Grinding Optimal design for given application • Consistent end product quality • Increased production volume • Reduce process costs A small component of grinding cost, but essential for continuous production Non availability Leads to Grinding Operations can come to a halt Product failure Leads to

6. Industry Size & Scope • Global market for Mill Internals for mining and cement sectors estimated at 3 mn MT (Rs 125 bn) and growing at 4-5% per annum • Mill internals are consumables in grinding mills • Their design and properties (abrasion, corrosion, impact resistance) are critical to grinding process efficiency • Demand driven by new projects and replacement for wear parts • Industry moving from cost of parts to total cost of ownership, driving innovation in product development and total solutions • Move from forged grinding media to high chrome cast media • Total solutions include design of parts, metallurgy to meet the specific requirement of the material being ground – varies from plant to plant

7. Industry size Mining Sector Demand at 2.4 mn MT Cement Sector Demand at 300,000 MT

8. Industry Opportunity • Business + Management • Financial Snapshot • Growth Strategy

9. Company Overview • AIA Engineering Limited (‘AIAE’ ) promoted by Mr Bhadresh Shah, a first generation entrepreneur, began operations in 1978 • A niche manufacturer of impact / abrasion / corrosion resistant high chrome castings with rated capacity of 200,000 MT per annum • Products include grinding media , liners, diaphragms etc for cement, mining & utility industries, with focus on application and end to end solutions • Strong focus on metallurgy, process technology – for product development and process improvement to facilitate total solutions to customers • Basic know how through collaboration (1991 to 2000 ) with M/s Magotteaux, Belgium • Collaboration with Southwestern Corp, UK for process improvements (vertical mills) • Global marketing presence, through 100% owned subsidiaries / branches in USA, UK , ME , Australia, South Africa, China, Egypt, Brazil, Canada and Philippines. • Supply contracts with global cement majors like Holcim, Lafarge, Cemex, FL Smidth. Anglo Platinum, Rio Finto, CVRD, Arcelor Mittal, BHP Billiton. • Domestic customers include leading cement manufacturers, mining companies, major thermal power plants and OEMs

10. Milestones $ 200 million revenue mark 100K Mt plant fully commi-ssioned IPO Indepen-dent global foot print Foreign Joint Venture Develop high chrome applications Initial years 1978 - 1985 1991 - 2001 2001 onwards 2005 2008 2009 1985 - 1991

11. Application A A A A M M D D M D M D Design Metallurgy AIA Engineering – A Total Solution Provider Application : Working Conditions Design of Part Physical & Metallurgical Properties

12. Manufacturing Process

13. Marketing • International marketing presence – under ‘Vega’ brand • Wholly owned subsidiaries and offices covering USA , UK, Middle East, Australia • Technical team in key offices servicing customer requirements • Established relationships with industry majors / technology suppliers • Holcim, Lafarge, Cemex, FL Smidth. Anglo Platinum, Rio Finto, CVRD, Arcelor Mittal, BHP Billiton. • Now focusing on opportunities available in global mining & utility sectors • Domestic business spread across cement and utility/mining sectors • ACC Limited, Gujarat Ambuja Cement Ltd., Ultra-tech Ltd., Grasim Industries Ltd., etc- in cement segment • Kudremukh Iron Ore Company Ltd., Hy-grade Pellets, Hindustan Zinc, Bharat Aluminium Company-in mining segment • Major thermal power plants and OEMs in the utility segment

14. Total Solutions Approach = Long Term Client Relationships

15. Organisation Structure AIAE 200,000 MT manufacturing capacity Domestic & International Sales Operations Manufacturing Subsidiaries Marketing Subsidiaries DCPL Foundries Pvt. Ltd. Vega, ME Vega, RSA Vega, China Welcast Steels Limited (WSL) Vega, UK Vega, USA Background • Vega, ME owns 100% of Vega, RSA • Vega, ME owns 100% of Vega, China • DFPL is a unlisted entity. AIAE holds 70% of its equity • 100% Subsidiary of AIAE • Vega, ME owns 100% of Vega UK • Vega, UK owns 100% of Vega USA • WSL is a listed entity. AIAE holds 72% of its equity • Direct Sales in South Africa • Direct Sales in China • Manufact-ures Grinding Media • Direct Sales to Asia (ex-India), Africa (ex-RSA), South America • Direct Sales to European Region • Direct Sales to North America and part of Central America • Manufact-ures Grinding Media Production & Sales

16. Industry Opportunity • Business + Management • Financial Snapshot • Growth Strategy

17. Consolidated Financials ( In USD ) ** Annualised 16

18. Consolidated Financials ( Rs. In Millions) ** Annualised 17

19. Industry Opportunity • Business + Management • Financial Snapshot • Growth Strategy

20. Growth Strategy Capitalize further on predominant position in Cement globally Expand focus on global mining & utility segments Exploring backward integration opportunities for sourcing of certain key inputs and setting up a power plant Focus on strategic relationship / commercial partnerships with international partners to gain access to newer markets Increased R&D focus to further strengthen total solutions capabilities

21. Proposed Capacity & Plans Capacity in tons 200,000 165,000 Further expansion of manufacturing capacity to 300,000 tons) 115,000 115,000 65,000 Dec - 2005 June - 2007 April - 2008 FY 2010-2011 Implementation

22. Thank You