GTL Infrastructure Limited November, 2015

Safe harbour Neither the information nor any opinion expressed in this presentation constitutes an offer, or invitation to make an offer, or to buy any security issued by the company. This presentation contains predictions, estimates or other information regarding the Company's operations which are forward looking in nature. While these forward looking statements represent our best current judgment on what the future holds, they are subject to risks and uncertainties that could cause actual results to differ materially and may involve risk and uncertainty. This presentation is prepared for general purposes only and does not have any regard to the specific investment objectives, financial situation and particular needs of any specific person. No liability for any loss will arise with the company as a result of the action taken on the basis of information contained here in. For a discussion of the risks and uncertainties that may cause results to differ, you should review GTL’s filings with stock exchanges, including the annual report and quarterly disclosures.

November 2015

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Corporate Presentation

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Telecom Industry

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Telecom Industry - Snapshot

Parameters Current Status*

Wireless Telecom Subscribers (mn) 988.69

Teledensity (%) 78.37

No. of Circles 23

Net add/Month (mn) 5.48

Average Minutes of Usage per User# 383

Average Revenue Per User (US$)# 1.9

Source: TRAI Reports

*As on August 2015

#As on March 2015

Exchange rate taken at $1 = Rs 64

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Snapshot of the Total Spend and Spectrum held by operators Pre and Post 2015 Auction

Source: Press Articles in Economic Times & Livemint

Telecom Industry – Spectrum Auction Spend

Operator Total Spend (US$ in

Bn)

Spectrum holding of Operators before 2014 Auction (in MHz)

800 MHz

900 MHz

1800 MHz

2100 MHz

2300 MHz

Vodafone 2.12 79.40 101.00 45.00

Bharti 2.69 91.60 84.65 70.00 80.00

Idea 1.30 59.00 80.30 55.00

R Com 1.43 92.50 39.80 73.20 60.00

R Jio 2.14 440.00

Aircel 1.57 21.00 85.40 65.00 160.00

Tata Tele 0.98 72.50 79.20 50.00

Others 2.80 93.75 146.20 143.20 110.00 1080.00

Total 15.03 258.75 437.00 646.95 455.00 1760.00

Operator Total Spend (US$ in

Bn)

Spectrum with Each Operator post 2015 Auction (in MHz)

800 MHz

900 MHz

1800 MHz

2100 MHz

2300 MHz

Vodafone 9.72 82.60 145.60 75.00

Bharti 10.60 116.40 185.05 105.00 80.00

Idea 8.17 59.00 151.10 60.00

R Com 2.17 118.75 10.00 80.20 60.00

R Jio 5.66 48.80 28.00 518.80

Aircel 1.98 21.00 103.60 65.00 160.00

Tata Tele 2.29 83.75 81.80 50.00

Others 2.95 44.95 139.40 126.60 110.00 1080.00

Total 43.54 296.25 428.40 910.95 525.00 1838.80

Snapshot Pre 2014 and 2015 Auctions

Snapshot Post 2014-2015 Auctions

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Telecom Industry - Growth Phase…

Source: IBEF Telecommunication August 2013

Advantage India

Attractive opportunities

Telecom penetration in the nation’s rural markets is expected to increase to 70% by 2017 from the 48% as of

March 2015. India continues to be one of the top

10 broadband markets in 2015

Policy Support

The Government of India has been proactive in its efforts to transform India into a global telecommunications hub; prudent regulatory support has helped

National Telecom Policy 2012 proposes unified licensing, full MNP and free roaming

High Ratings

The Country has a strong telecommunication infrastructure

In Telecommunication ratings, India ranks ahead of its peers in the West & Asia.

Robust demand

India is the world’s second-largest telecommunications market, with c.970 million subscribers as of March 2015

With 70% of population in rural areas, the rural market will be a growth driver. The growth of 3G & 4G data facilities will also aid growth.

Expected future trends in the wireless segment in India:

Increase in teledensity from rural

expansion of telecom operators Declining tariffs of 3G data plans

Nationwide roll out of 4G services

Cheap availability of smartphones

Explosion in data services from adoption of 3G/4G, growth to outstrip other Asian emerging markets

Regulatory clarity to step-up consolidation (including M&A activity) amongst players in the segment

Subscriber Base : c.990 Mn

2015

Subscriber Base : 1.0Bn +

2018 and beyond

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Telecom Industry - Growth Phase The Growth in Mobile Data usage along with Smartphone penetration has led to exponential growth in subscriber base in short span of time

•Average Data consumption per user •2G – 216 MB •3G – 688 MB

•CAGR based on Subscriber base in 2014 from 2009 for 3G is 144%

•Following factors are expected to lead to growth in 3G use and fast adoption of 4G

•Increasing Network Coverage •Falling Data prices •Shift in customer preference for higher network speed •Governments ‘Digital India’ initiative

•By 2020, 3G and 4G will equally dominate the Indian Telecom Market

Source: Deloitte Indian Tower Industry Report – June 2015

Subscriber base by Technology in millions:

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Telecom Tower Industry

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Telecom Tower Industry – Domestic Peers

Approximately 400,000 Towers are present in India and this number is expected to increase at a CAGR of 3% over next 4-5 years The industry average Tower Tenancy ratio stands at 1.77 The industry (only independent ) average Tower Tenancy Ratio stands at 1.93

Source: Deloitte Indian Tower Industry Report – June 2015

INDUS INDUS

BHARTI

BHARTI BSNL BSNL

REL_INFRA REL_INFRA

VIOM VIOM

GIL GIL

ATC ATC

TOWER VISION

TOWER VISION

OTHERS OTHERS

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Telecom Tower Industry – Global Peers

Source: Deloitte Indian Tower Industry Report – June 2015

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Expected increase in

wireless subscribers

Traffic

offloading to micro

sites

Increase in 3G and 4G

adoption post auction of spectrum

New

network roll outs

Demand for tower sharing due to Capex constraints

Increase in tenancies

Growth drivers for Tower Industry…

Source: Deloitte Indian Tower Industry Report – June 2015

Macro Small Cell Wi-Fi

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Growth drivers for Tower Industry… Digital India Opportunities :

Source: Government of India – Ministry of Urban Development

Source: Deloitte Indian Tower Industry Report – June 2015

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Telecom Tower Industry – Future Trends

Projected 4G Sites Projected 3G Sites

Number of Sites and Tenancy Ratio Projected Industry Average Tenancy Ratio

Source: Deloitte Indian Tower Industry Report – June 2015

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GLOBAL GROUP

An Introduction

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Group Vision

“Provide affordable universal connectivity by offering quality & green network solutions to

telecom carriers across the world”

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India’s Largest Network Services Player

Global Group Structure

GTL Infrastructure Limited (GIL)

Tower Company in India

Global Holding Corporation (GHC) : Holding Company

Chennai Network Infrastructure Limited (CNIL)

Tower Company in India

GTL

Limited ( GTL)

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The Group Profile

Awards Won

Presence

Customers

Pan-India and international operations spread across geographies like Asia Pacific, Americas, Europe and Middle East

Telecom operators, OEMs and telecom tower companies

Won more than 35 awards and accolades for excellence in Business, CSR and Corporate Governance

Vision “Provide affordable universal connectivity by offering quality & green network solutions to telecom carriers across the world”

Track record 29 years of service in the telecom industry

Financial performance

Combined Revenue and Balance Sheet size of Group is c.USD 666Mn and c.USD 3.45Bn respectively

Legal structure Telecom Towers and Network Services housed in separate listed vehicle’s in India

Employees Provides employment to more than c.30k people across more than 20 nationalities

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Group Customer Snapshot

Note: Partial List of Customers The logos used here are the trademarks of respective companies and are used here for representation purpose only

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Awards & Recognition

• GTL Infra won “Innovative Infrastructure Company of the year” 2009 by CNBC TV18 • GTL Infra rated “Top Independent Infrastructure Provider of India” Award by V&D • GTL received Ramkrishna Bajaj National Quality Award for Business Excellence • GTL’s Operations in Middle East, Africa & Canada received awards from Huawei

Business Excellence

• GTL and GTL Infra have received Greentech Environment Excellence Award in

2010

• GTL Foundation received Golden Peacock Award for Innovation in Social

Responsibility

• GTL received Pegasus Award for Social Responsibility

• GTL received enterprise Asia’s “Green Leadership” Award for its energy

management initiatives

Corporate Social Responsibility

• GTL Featured in S&P’s ESG India Index • GTL received “Certificate for Strong commitment” from CII ITC Center of

excellence for Sustainable Development • GTL wins “World Class Award” from International Asia Pacific Quality

Organisation

Corporate Governance & Excellence

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Tower Business

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GIL and CNIL combined at a Glance…

Business Telecom Towers

Presence

GIL Listed on BSE (Code – 532775), NSE (Code – GTLINFRA)

Pan India

Tower Portfolio 27,839 towers

Customers All Telecom Operators in India

Tenancy Ratio 1.7x on occupied towers and 1.6x on overall portfolio of towers

Largest Independent and Neutral Tower Company in India

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Key Operating Matrix:

Status Independent and Neutral

Tower portfolio c.28k towers, GBT (70%) and RTT (30%).

Pan India Presence All 23 telecom circles

Capacity RTT: c.3 Tenants, GBT: c4 Tenants

Tower Ageing average is only c. 7 years, this is lower than its peers

Tenants & Tenancy Over c.44k tenants; 1.71 Tenancy Ratio on occupied towers Substantial potential for tenancy growth

Inherent benefit Lower opex ratio vis-à-vis peers

Key Financial Matrix

CAGR Revenue 8.6 %

CAGR EBITDA 11.7%

Key Business Matrix

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Towers Tenants Tenancy Ratio

c.113,008 c.233,488 2.0x

c.61,600 c.67,500 1.1x

c.50,000 c.92,000 1.8x

c.42,000 c.96,600 2.3x

c.35,905 c.69,137 1.9x

27,839 43,775 1.6x

Source: Company websites & disclosures, Approximations

6%

2%

3%

8%

12%

10%

18%

30%

Others

Tower Vision

American Tower

Global Group

Reliance Infratel

Bharti Infratel

BSNL/MTNL

Indus Tower

0% 10% 20% 30%

Market share of Tower Companies in India (As on June 2015)

Viom 11%

Peer Comparison

Source: Deloitte Indian Tower Industry The Future Is Data – June 2015

Thank you

Contact Information:

Registered Office : Global Vision, Third Floor, Electronic Sadan No. - II, MIDC, TTC Industrial Estate, Mahape, Navi Mumbai - 400710, Maharashtra, India. Tel – 022 27673500, Fax – 022 27673666. www.gtlinfra.com. CIN : L74210MH2004PLC144367