ais (asahi india)

5. These figures contain, in brief, the story of AIS’s growth from a supplier of automotive tempered glass to Maruti Udyog (Suzuki) when we began, to the current situation of India’s largest glass company, with profitable growth flowing from all the actions taken since the birth of the organization. Corporate Profile AIS : 1987-88 TO 2006-07 Sl. No. ITEM 1987-88 2006-07 CAGR 1. Gross Sales (US$'s mill.) 2.87 224.87 26% 2. EBITDA (US$'s mill.) 0.69 41.21 23% 3. EBDT (US$'s mill.) 0.42 32.35 25% 4. OPM % (EBIDTA / Net Sales) 34 22

6. Corporate Profile – Key Initiatives Expanded capacities for automotive safety glass, float glass and architectural processed glass at Chennai, Taloja (Mumbai), Rewari and Roorkee during FY 2004-07, spanning the entire glass value chain. Providing stakeholder satisfaction through superior Safety, Environment, Quality, Cost, Delivery, Development, and Management Value to Stakeholders through SEQCDDM Building relevant self-sufficiency in technology, going beyond product development to developing and building glass processing equipment at the lowest competitive costs. Technology Development Benchmarking AIS’s operational performance to global levels and setting out targets & milestones to achieve these levels. Quest for excellence AIS’s transition from Auto Glass Manufacturer supplying a single customer to becoming India’s largest glass company. Business De-risking Market Capitalization growth at a CAGR of over 43 % in 19 years. Creating Shareholder Value

8. India Story… 4 th Highest GDP in PPP terms 2 nd Highest GDP growth 2003-2006 among the top 5 economies one of the fastest growing economies

10. Increase export revenue to $ 35 billion by 2016 from $ 4.1 billion at present On 29.01.07, the Prime Minister released Automobile Plan 2006 -2016 to give a road map to Indian Automobile Industry Indian Automotive Industry Increase turnover to $145 billion by 2016 from $ 35 billion at present Provide employment to additional 25 million people by 2016 Automotive Mission Plan 2016 By 2016, the Automotive sector is expected to contribute 10% of the country’s GDP and 30~35% of the Industry Government of India SIAM ACMA

11. ACMA VISION 20:20:1 VISION 20:20:1 20 1 20 20:20:1 Achieve $20 billion in Domestic Sales Achieve $20 billion in Exports Sales Create 1 million additional Jobs Automotive Mission Plan 2016 Automotive Components Industry

12. India’s huge geographic spread Easier finance schemes Replacement of aging four wheelers Increasing Road Development, Golden Quadrilateral Increasing dispensable income of rural agri sector Higher GDP growth Increasing disposable income with the service sector Graduating from Two wheeler to Four wheeler Indian Automotive Industry - Growth Drivers Growing Concept of Second Vehicle in Urban Areas Two wheeler story could be repeated in the car segment

17. Vehicle Production

18. Share of business in car segment

19. Segmentwise Net Sales

21. Indian Flat Glass Industry : Demand / Supply (MT / D)

22. Share of Business – Float & Sheet Glass (Flat Glass)

23. AIS Float Glass SBU - Sales & Production Quantity

24. AIS Float Glass SBU - Sales Distribution

25. AIS Float Glass SBU - Market Breakup

26. Sales Realization

28. AIS Glass Solutions - Sales Trend by Zone

29. AIS Glass Solutions - Sales Trend by Product

33. MISSION - JIKKO Float Glass manufacture (AIS Float) Automotive glass manufacture (AIS Auto Glass) Automotive Glass distribution (AIS Map Auto) Allied Products distribution (AIS Adhesives) Auto Glass Fitment Services (WE) AUTOMOTIVE GLASS VALUE CHAIN Value Added Products : Reflective : Mirror Processing: : Laminated : Tempered : Insulated Glass : Products Fabrication Installation VALUE ADDED GLASS SOLUTIONS CHAIN (Light grey cells indicate our existing spread of activities) - Projects - Distributed Markets AIS Glass Solutions Ltd. VISION - SEE MORE

35. AIS Results H1 FY 08 - Consolidated H1 H2 H1 Vs H2 Last year vs last Year Net Sales 47149 41712 34944 13% 35% Profitability PBDIT 6527 8566 7648 -24% -15% Interest 3845 2255 1292 71% 198% PBDT 2682 6311 6356 -57% -58% Depreciation 4839 3736 2826 30% 71% PBT -2157 2575 3530 -184% -161% Foreign Exchange Fluctuation 5924 853 -437 594% -1456% PBT after Foreign Exchange Fluctuation 3767 3428 3093 10% 22% Prior period items -61 63 9 -197% -776% Impairment loss /extra ordinary exp reversed 0 6 0 -100% PBT 3707 3497 3102 6% 19% Current Tax net of MAT Credit 52 84 54 -38% -4% Deferred tax Liability / (Asset) 1298 1002 995 30% 30% PAT 2357 2411 2053 -2% 15% Margins PBDIT 13.84% 20.54% 21.89% -6.69% -8.04% PBDT 5.69% 15.13% 18.19% -9.44% -12.50% PBT -4.57% 6.17% 10.10% -10.75% -14.68% Margins PBDIT 26.41% 22.58% 20.64% 3.83% 5.77% PBDT 18.25% 17.17% 16.94% 1.08% 1.31% PBT 7.99% 8.22% 8.85% -0.23% -0.86% H1 Performance Figures in Rs. Lakhs Comparison 2007-08 2006-07

36. AIS RESULTS : Q2 & H1 FY 08 - Details ======= (Rs. Lakhs) 30.09.07 30.09.06 Change 30.09.07 30.09.06 Change 1 Gross Turnover 29652 21039 41% 56783 42146 35% Net Turnover 24648 17536 41% 47148 34944 35% 2 Other Income 1410 1273 11% 6159 1306 372% 3 Total Revenue 26058 18809 39% 53307 36250 47% 4 Total Expenditure 20890 14475 44% 40856 29039 41% a. (Increase)/Decrease in Stock-in-trade -814 -2432 -67% -3034 -3678 -18% b. Materials Cost 6707 6785 -1% 14187 13009 9% c. Power and Fuel 5686 3216 77% 11058 6394 73% d. Stores and Spares Consumed 2217 1282 73% 4113 2343 76% e. Staff Cost 2050 1416 45% 3895 2731 43% f. Other Expenditure 5044 4208 20% 10637 8240 29% 5 Gross Profit before Depreciation, Interest and Tax 5168 4334 19% 12451 7211 73% 6 Interest 2070 663 212% 3845 1292 198% 7 Gross Profit after Interest but before Depreciation and Tax 3098 3671 -16% 8606 5919 45% 8 Deferred Revenue Expenditure Written off 0 4 1 7 9 Depreciation/Amortisation 2415 1438 68% 4838 2819 72% 10 Impairment Loss/(Reversal) 0 0 0 0 11 Prior Period Adjustments 42 -41 61 -9 12 Profit Before Tax 641 2270 -72% 3706 3102 19% 13 Provision for Taxation 0 a. Current Tax 64 169 -62% 300 231 30% b. Deferred Tax Liability (Net) 218 734 -70% 1298 995 30% c. Fringe Benefit Tax 27 26 4% 50 45 11% d. MAT Credit Entitlement -63 -166 -298 -222 14 Income Tax Paid for Earlier Years 0 0 0 0 15 Profit After Tax 395 1507 -74% 2356 2053 15% 16 Share of Profit of the Associates 14 27 -48% 36 45 -20% 17 (Add)/Less : Minority Interest -27 6 -53 16 18 Net Profit 436 1528 -71% 2445 2082 17% 19 Paid up Equity Share Capital (Face value of Re. 1/- each) 1599 1599 0% 1599 1599 0% 20 Reserves (Excluding revaluation reserves) 0 0 21 EPS - Basic and Diluted (in Rs. not annualised) 0.27 0.96 -71% 1.53 1.30 17% Half Year Ended Second Quarter Ended AIS (Consolidated) S. No. Particulars