April 2014

PROJECT SMAC

Opportunity To Acquire An Indian Auto Component Manufacturer

Private and Confidential

Private and Confidential

OPPORTUNITY OVERVIEW Opportunity To Acquire An Indian Auto Component Manufacturer

TARGET OVERVIEW

— The target is an India based group which is engaged in manufacturing of sheet metal based auto components.

— The group is tier I supplier of automotive stampings, tools & dies and other assemblies to OEMs.

— Number of Plants : 7

— Employee strength : 700+

MANUFACTURING FACILITIES

1

2

3

BUSINESSES

6 manufacturing units

Single manufacturing unit

Maharashtra

Gujarat

(USD Mn) FY12 FY13 FY14 E FY15 E FY16 E FY17 E FY18 E

Sales 34 40 46 53 61 70 81

Growth 17% 15% 15% 15% 15% 15%

EBITDA 3.3 4.0 4.6 5.2 5.9 6.6 7.4

Margin 9.6% 10.0% 10.0% 9.8% 9.6% 9.4% 9.2%

Sheet Metal Stamping

Toolroom & Stamping Assembly

Page | 3

Other Assemblies & Components

Private and Confidential

BUSINESSES

THE GROUP

Page | 4

Company 2

Toolroom & Stamping Assembly

Sales: $3.6 Mn EBITDA: $0.7 Mn

— PRODUCTS: Tools, dies, Moulds,

Pressure die casting dies, Panel Checkers, & Inspection/ welding Fixtures

— FACILITIES: Design, Simulation, CNC programming, Reverse engineering and coordinate measuring machine

FY13 {

Company 1

Sheet Metal Stamping

Sales: $22.6 Mn EBITDA: $2.5 Mn

PRODUCTS — Long Member & Cross car Beam — Foot Control Assemblies: Break &

Clutch Paddle — Sheet Metal Stamping — Welding Assemblies — Seat Frame Assemblies

FY13 {

REVENUE MIX OF THE GROUP

Company 3

Other Assemblies & Components

Sales: $13.8 Mn EBITDA: $0.8 Mn FY13 {

PRODUCTS

Load Body Fabrication

57%

9%

35% Sheet Metal Stamping

Toolroom & Stamping Assembly

Other Assemblies & Components

Private and Confidential

CLIENTS

CLIENTS & FACILITIES

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Private and Confidential

PRODUCT MIX

TATA MOTORS

SEAT FRAME COMPONENTS MAHINDRA GROUP

TATA MOTORS & FIAT GENERAL MOTORS

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