GUJARAT NRE SAILING AHEAD AMID TURBULENT TIMES

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1 GUJARAT NRE SAILING AHEAD AMID TURBULENT TIMES

2 Steel Development Pattern around the globe India s long term steel development pattern is similar to most countries, following the same pattern of more than a century old China has already reached its peak in growth rate, while India is on the rise..

3 SLOW YET STEADY GDP Outlook short term In the longer term INDIA is not dead f Affected by the prevailing global crisis, short term outlook is weak growth to continue till 2013 Domestic consumption and lower interest rates will trigger future growth

4 million tonnes Indian steel outlook Forecasts for steel vary widely depending on the view of growth. India s steel production will be driven by large iron ore reserves, but with very limited domestic met coal - imported coal is essential 300 Indian steel outlook to Crude Steel Source: Internal estimates

5 Import of coking coal (million tonnes) (RHS) Demand Supply Scenario in Coking Coal (in Million Tonnes) Demand of coking coal Production Import Source: Annual Report , Ministry of Coal, Govt of India

6 Million Tonnes In absence of adequate Domestic Production, Demand to be met by Imports 100 India's Coking Coal Import Forecast (P) 2015 (P) 2017 (P) 2020 (P) Source: various reports and internal estimates

7 GNCL - A SNAPSHOT Largest independent producer of Metallurgical Coke in India Profit earning and dividend paying with strong financials and credit rating of AA- for long term borrowing and A1+ for short term borrowing. Met Coke capacity MT, being increased to 4 Million Tonnes The 1 st Indian Company to have exported Met Coke from India and has a continuous export order book Strong focus on the Environment with ISO 14001:2004 & OHSAS 18001:1999 certification Rated one of the top 10 company by 10-years profit performance issued by Business Today on India s Most Valuable Companies (Nov 2009 edition) 7

8 GNCL OPERATIONS HARD COKING COAL (NSW, AUSTRALIA) RESERVES 125 MMT RESOURCES 651 MMT Gujarat NRE Coking Coal Limited (ASX: GNM) NRE NO million tonnes NRE Wongawilli 337 million tonnes Waste Heat Recovery Power Plants Khambhalia* Bhachau* Dharwad* Total Wind Power 15 MW 15 MW 30 MW 60 MW 87.5 MW STEEL UNIT TMT BARS : MMTPA Coal Washeries LOW ASH METALLURGICAL COKE MMTPA KHAMBALIA (Jamnagar) MILLION MTPA BHACHAU (Kandla) MILLION MTPA DHARWAD (Hubli) MILLION MTPA Khambalia Bhachau Dharwad 0.75 MTPA 0.75 MTPA 0.90 MTPA In Australia * Under implementation In India

9 GNCL 5 year ended cumilative PAT (in Rs Crore) Global crisis

10 Coke Price in USD EBIT In Rs GNCL EBIT V/S Met Coke Price Our Earnings have been following the same trend as that of the global Met Coke Price Coke Price EBIT

11 Jun-04 Sep-04 Dec-04 Mar- Jun-05 Sep-05 Dec-05 Mar- Jun-06 Sep-06 Dec-06 Mar- Jun-07 Sep-07 Dec-07 Mar- Jun-08 Sep-08 Dec-08 Mar- Jun-09 Sep-09 Dec-09 Mar- Jun-10 Sep-10 Dec-10 Mar- Jun-11 Sep-11 Dec-11 Mar- Jun-12 Sep-12 Historically volatile bonus adjusted share price of GNCL..And WE SHALL BOUNCE BACK Price has shown positive volatility despite the 4-year old global crisis extending into Indian crisis over the last 2 years The CURRENT value of an investment of Rs 100 in GNCL stock on 1 st August 2000 is Rs 8376/- on market value and Rs 4423/- in terms of Dividend earned, hence making an impressive total of Rs 12800/- (approx)

12 Mar 08 Jun 08 Sep 08 Dec 08 Mar 09 Jun 09 Sep 09 Dec 09 Mar 10 Jun 10 Sep 10 Dec 10 Mar 11 Jun 11 Sep 11 Dec 11 Mar 12 Jun 12 FII Holding in % GNCL SHare Price FII Holding has a direct impact on GNCL s share price movement & is another reason for volatility FII % Holding GNCL

13 Mar 01 Sep 01 Mar 02 Sep 02 Mar 03 Sep 03 Mar 04 Sep 04 Mar 05 Sep 05 Mar 06 Sep 06 Mar 07 Sep 07 Mar 08 Sep 08 Mar 09 Sep 09 Mar 10 Sep 10 Mar 11 Sep 11 Mar 12 Volatility is in our DNA Reflected more in quarterly profits than annual profits Every downturn followed by stronger uptrend Quarterly Profit in Rs Annual Profit in Rs

14 Recent Achievements Q turnover highest in the history of GNCL Q turnover higher by around 60% compared to the previous quarter (Q4 2011) and % over the same quarter last year (Q ) 0 Turnover in Rs. Crore Q Q Q1 2012

15 Recent Achievements Highest Q coking coal production from Australian mines Q coking coal production higher by 137% (2.6 times) than the same quarter previous year (Q1 2011) Sales increased by 35% in Q (406 thousand tonnes) over Q (300 thousand tonnes) Coking Coal Production Q Q Longwall Development

16 CSR-Our deep rooted commitment Continuing the partnership with the Government of Gujarat for the upgradation of ITI Khambhaliya in a PPP model Instituting a centre of excellence Gujarat NRE Knowledge Application Facilitation Centre at CII, Ahmedabad (CII- Government of Gujarat initiative) Contributed towards providing safe drinking water, sanitation facilities in villages near the company s operations as well as support to the disadvantaged children towards primary as well as secondary education. Organized blood donation camps at regular intervals in its plants Provide transport facilities to enable children to attend school

17 Longwall mining commenced in NRE No1 mine Recent Achievements Both the mines now under longwall production (NRE No1 & NRE Wongawilli) Thank you! Longwall mining to increase production and productivity heralding of a new era of coking coal production in Gujarat NRE s coking coal mines in Australia Chairman and Managing Director Gujarat NRE Coke Limited Arun Kumar Jagatramka

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