Amtek Group Investor Presentation October 2011

Celebrating our 25th Anniversary ………

Important Notice

Forward Looking Statements

This presentation contains statements that contain “forward looking statements” including, but without

limitation, statements relating to the implementation of strategic initiatives, and other statements relating to

Amtek Group’s (i.e. Amtek Group represents Amtek Auto, Amtek India & Ahmednagar Forgings and their

subsidiaries) future business developments and economic performance.

While these forward looking statements indicate our assessment and future expectations concerning the

development of our business, a number of risks, uncertainties and other unknown factors could cause actual

developments and results to differ materially from our expectations.

These factors include, but are not limited to, general market, macro-economic, governmental and regulatory

trends, movements in currency exchange and interest rates, competitive pressures, technological

developments, changes in the financial conditions of third parties dealing with us, legislative developments,

and other key factors that could affect our business and financial performance.

Amtek Group undertakes no obligation to publicly revise any forward looking statements to reflect future /

likely events or circumstances.

2

Agenda

1. Investment Highlights 4

2. Group Overview 6

3. Auto Segment 12

4. Non Auto Segment 18

5. Group Strategy 22

6. Financial Overview 25

7. Corporate Governance 26

8. Key Takeaways 27

3

Amtek Group represents Amtek Auto, Amtek India and Ahmednagar Forgings and their subsidiaries

Group Market Cap3:

~ US$1 billion

Segments:

Auto and Non Auto

Incorporated in 1987

Group Sales1:

Over US$1.3 billion

Annual Capacity1:

Tonnage2: 645,000 MT

Machining: 92 mn units

Joint Ventures &

Technology Partners

World Class Global

Manufacturing Base

No Customer

Contributes Over

16% of Group Sales

Investment Highlights

One of the Largest Integrated Component Manufacturers in India with a Strong Global Presence

4

Notes:

1. FY 2011

2. Iron & Aluminium Casting, Forging

3. September 30, 2011

Investment Highlights

Leading Market Position

• Indian Engineering company with operations across Forging, Iron & Aluminium Casting, Machining & Sub-Assemblies

• Leader across multiple product categories

• Management team with extensive experience

• Non-auto segment growth is a strategic priority

Best-in-Class Operations

• World class integrated facilities globally

• In-house design and product development

• Low cost base relative to global peers

• Joint ventures with leading global firms

• Six Sigma and Lean Technologies

Premier Global Customer Base

• Diversified Auto / Non- Auto end markets

• No client accounts for over 16% of group sales

• Top five group clients Ford, Honda Group, JCB, Maruti Group and Tata JLR

Strong Financial Performance

• Track record of double digit topline growth

• Financial strength to pursue growth strategy

• Improved operational efficiencies and enhanced capacity utilizations across all product lines

• Robust performance in Auto and Non-Auto segment

Well positioned for medium term domestic and global growth in the Auto and Non-Auto segments

5 Note:

1. Customers arranged in alphabetical order

Enertec Systems Ltd

Autech Corporation

Group Overview

Amtek Group

FY20111 Sales: $1.3 billion

Auto Segment

Sales Contribution: 78%

Non-Auto Segment

Sales Contribution: 22%

En

d M

ark

ets

Passenger cars

2/3 wheelers

Light commercial vehicles

Heavy commercial vehicles

Off-highway segment:

Construction & Earth

moving equipment

Pa

rtn

ers

hip

s

Railway wagons

Locomotive components Specialty vehicles

Aerospace components

Magna Powertrain Aizen Corporation

Neumayer Tekfor Ateliers de Siccardi

Sumitomo Metal

Industries Teksid

American Railcar

Industries

Joint Venture Technology Joint Venture Technology

Notes:

1. Represents unaudited financials. This includes other income

2. Blue text represents upcoming segments

Tractors

6

Asia Europe FY2011*

Group Sales by Location

Automotive Machining (28)

Forging (6) Iron Casting (2) Aluminum Casting (2)

Joint Ventures (3)

Sites Locations Units**

World Head Office 1

Corporate Offices 2

Manufacturing

Facilities

43

Distribution Centre 3

Notes:

* Unaudited financials

** As of June 30, 2011

Group Overview

Integrated Facilities Delivering Platform for Growth

India

UK

Germany

7

Transportation (2)

87%

13%

Domestic Overseas

29%16%

4%

51%

Forging

Iron Casting

Aluminium Casting

Machining/Sub-Assemblies

25% 15%

7%

53%

Forging

Iron Casting

Aluminium Casting

Machining/Sub-Assemblies

45%

14%

16%25%

Passenger Cars

2/3 Wheelers

LCV/HCV

Non Auto

52%

12%

14%22%

Passenger Cars

2/3 Wheelers

LCV/HCV

Non Auto

FY2011 Global Sales by Segment Group FY2011 Global Sales by Division

FY2011 India Sales by Segment Group FY2011 India Sales by Division

Group Overview

Strength Across Multiple Industry Segments

Notes:

1 LCV stands for light commercial vehicles and HCV stands for heavy commercial vehicles

2 Above numbers are unaudited financials

3 Non-Auto includes Railway wagons, Locomotive components, Tractors, Construction & Earth moving equipment

8

Notes:

• ARI: American Railcar Industries

• MPT: Magna Powertrain

Ownership stake is 100% unless otherwise mentioned; Subsidiaries are

those where the Parent hold more than 50% stake

As of Aug 30, 2011

Promoters

Amtek Auto Limited

Amtek

Transportation

Systems Ltd.

Amtek Tekfor

Automotive

Ltd.

MPT Amtek

Automotive

(India) Ltd.

Amtek India Ltd.

Amtek Ring Gears

Ltd.

Amtek

Crankshaft

(India) Ltd.

Amtek Defense

Technologies

Ltd.

SMI Amtek

Crankshaft

Pvt Ltd.

Amertec Systems

Pvt. Ltd.

74%

54.96% 50%

50%

50%

Zelter GMBH

Kings Automotive

Systems Ltd.

Amtek Aluminium

Casting (UK) Ltd. 96.60%

Ahmednagar

Forgings Ltd.

61.64%

Domestic (India) Joint Ventures (India) Overseas

• Tekfor: Neumayer Tekfor

• SMI: Sumitomo Metal Industries

Group Overview

Organization Structure

Amtek ARI

Railcar

Industries Ltd.

50%

9

37.44%

(Pre-Buyback)

39.93%

(Post-Buyback)

AMTEK AUTO LIMITED TOP INSTITUTIONAL INVESTORS

As of Aug 30, 2011

Broadpeak

Shareholding Pattern

Group Overview

10

37.44%

35.70%

8.40%

18.46%

Promoters FIIs

Domestic Institutions Others

2/3 Wheelers Passenger Cars

Light

Commercial

Vehicles

Heavy

Commercial

Vehicles Others Tractors

Auto Sector Customers Non-Auto Customers

Railways Others

Diesel

Locomotive

Works

GE

Transportation

Diesel Loco

Modernisation

Works

Top 5 Customers

Top Customers

No Customer Contributes More than 16% of Sales

Group Overview

Notes:

1. Above customers are as of FY2011

2. Customers arranged in alphabetical order

11

Auto Segment

Auto Segment

ALUMINIUM CASTING

In house engineering expertise

Advanced casting processes and machining techniques

Operating Structure: By Process

FORGING

Include presses, hammers, upsetters & ring rollers

Precision hot forging, tooling design and manufacturing

Camshaft Connecting Rod Crankshaft

Front Axle Beams Bridge Fork Bottom

IRON CASTING

Include HWS and GFD lines

Capability to cast large complex components

Clutch Case Intake Manifold Sump

Cover Transmission Case

Cylinder Head

Axle Housing Front Axle Support

Turbo Charger Cylinder Block

MACHINING & SUB-ASSEMBLIES

Complex, state-of- the-art machining facilities

Units with sub-assemblies capabilities

Flywheel

Connecting Rod Crankshaft

Ladder Frame

Turbo Charger

13

HIGHLY ENGINEERED COMPLEX PRODUCTS

Ring Gear

Connecting

Rod

Camshaft

Cylinder

Block

Intake

Manifold

Clutch

Case

Turbo Charger

Crankshaft

Sumps

Transmission

Forks

Wheel Hub

Steering

Knuckles

Flywheel

Ladder

Frame

Auto Segment

Value Added Product Profile: Passenger Cars

14

Notes: Above models are for representation only and may not be accurate. Products shown above are a subset of our components range

Auto Segment

Value Added Product Profile

3 Wheelers

2 Wheelers

Heavy Commercial Vehicles

Light Commercial Vehicles

Crankshaft

Connecting Rod

Bridge Fork Bottom

Front Axle Support

Flywheels

Crankshaft

Connecting Rod

Flywheels

Crankshaft

Connecting Rod

15

Cylinder Blocks

Ring Gear

Notes: Above models are for representation only and may not be accurate. Products shown above are a subset of our components range

Cylinder Blocks

Joint Venture Partner Inception Partner Location Ownership* Component

Notes:

* Shareholding is for Amtek and Joint Venture partner respectively

** Sales for FY2010

Technology Partner

Ateliers de Siccardi

Aizen Corporation

US$740 million global auto component manufacturer

Market leader in Connecting Rod Fracture Split

technology

US$24 billion** global auto component manufacturer

World market leader in Flex Plate assembly

US$17 billion** company

Utilise Sumitomo’s superior technological strength in

manufacturing Crankshaft Forging

Technical collaboration for manufacture of machined Crankshaft

Technical collaboration for Connecting Rod assemblies

Technical collaboration for manufacturing Engine Block

Germany

Canada

Japan

France

Italy

50% : 50%

50% : 50%

50% : 50%

Japan

Aizen Corporation Japan Technical collaboration for building Special Purpose Machines

Teksid

Sumitomo Metal Industries

Neumayer Tekfor

Magna Powertrain 2006

2005

2010

2010

2010

1999

2007

Auto Segment

Partnerships with Global Firms to Provide World Class Products

16

9.0

8.5 8.9 11.1 14.2

15.8

17.7 19.8 22.1

0.0

5.0

10.0

15.0

20.0

25.0

FY07 FY08 FY09 FY10 FY11 FY12E FY13E FY14E FY15E

Notes:

1. Source: SIAM, ACMA

2. FY represents fiscal year ending 31st March

Auto Segment

Domestic Automotive Market Trend

17

Indian Passenger Car Production (mn units) Indian Commercial Vehicles Production (mn units)

Indian 2/3 Wheeler Production (mn units) Auto Component Export ($ bn)

0.5 0.5

0.4 0

.6 0.8 0

.9 1.0 1

.2

1.4

0.0

0.2

0.4

0.6

0.8

1.0

1.2

1.4

1.6

FY07 FY08 FY09 FY10 FY11 FY12E FY13E FY14E FY15E

2.7 3

.5 3.8

3.8 5

.0 5.9 6

.9 8.0

9.4

0.0

1.0

2.0

3.0

4.0

5.0

6.0

7.0

8.0

9.0

10.0

FY07 FY08 FY09 FY10 FY11 FY12E FY13E FY14E FY15E

1.5 1.8

1.7 2

.2 2.8 3

.2 3.8 4

.4 5.1

0.0

1.0

2.0

3.0

4.0

5.0

6.0

FY07 FY08 FY09 FY10 FY11 FY12E FY13E FY14E FY15E

Non-Auto Segment

Non-Auto Segment

Value Added Product Profile

Tractor Components Earth Moving & Construction Equipment Components

Connecting Rod

Cylinder Head

Crankshaft Cylinder Head Crankshaft

19 Notes: Above models are for representation only and may not be accurate. Products shown above are a subset of our components range

FlyWheel Front Axle Support FlyWheel

Locomotive Components

Broad range of components for Indian and US market

Provides backward integration for Railway Wagon segment

Specialty Vehicles

Technical collaboration with Autech Corporation

Manufacturing of Specialty Vehicle (like ambulances, fire

tenders and waste management vehicles)

Steel Cap Piston Anchor Shackle Support

Connecting Rod Intermediate Crab EMD

Value Added Product Profile

Non-Auto Segment

Railway Wagons

• Joint Venture with American Railcar Industries

• First prototype is in advanced stage of completion

20 Notes: Above models are for representation only and may not be accurate. Products shown above are a subset of our components range

15,000

10,000

21,000

21,000

2012-13

2011-12

Government's Vision Amtek's Estimates

Indian Railway’s Vision 2020 Tractor Production

Construction Equipment Production

Projected Demand of Wagons

Non-Auto Segment

Source: ACMA, SIAM and Indian Railway – Vision 2020, Ministry of Urban Development

21

4047

5463

74

86

100

0

30

60

90

120

FY09 FY10 FY11 FY12E FY13E FY14E FY15E

000

' u

nit

s

420

548598

653713

778710

0

200

400

600

800

1000

FY09 FY10 FY11 FY12E FY13E FY14E FY15E

000' u

nit

s

82%

18%

Auto

Non Auto

78%

22%

Auto

Non Auto

72%

28%

Auto

Non Auto

FY2010 FY2014

FY 2011:

Current Position

FY 2014:

Vision

Forging

Iron Casting

Aluminum

Casting

Developed

Products

Machining and

Sub-Assemblies

Assembly and

Focused

Products

Passenger

Vehicles

2 / 3 Wheelers

Light & Heavy

Commercial

Vehicles

Specialty Vehicles

& Aerospace

Components

Tractors,

Construction &

Earth Moving

Equipment

Railway Wagons

and Locomotive

Components

Group Strategy

Future Value Creation Strategy

FY 2010:

Earlier Position

22

Segments Processes Segments

Domestic50-55%

Joint Venture

1-4%

Exports7-11%

Overseas7-11%

Leverage core strengths in Forging, Iron &

Aluminium Casting, Machining and Sub-Assemblies

Enhance customer base

Continue to focus on Indian domestic growth story

Limited capex going forward and focus on cash

generation

Improved operational efficiencies, ROCE and EPS

Continued focus on Debt reduction

Go to Market Strategy

Further technology improvements via Joint Ventures

Improve utilization across all operations in Forging,

Iron & Aluminium Casting, Machining and Sub-

Assemblies

Quality improvement programs at all sites like Six

sigma & Business excellence programs

Domestic & Overseas units continue to win new

businesses

Capture growing export demand for components

Focus on improving operational productivity across

its facilities globally

Strategic Plan Established

Group Strategy: Auto

Operational Strategy

23

Net Sales Contribution by Segment

82% 78% 72%

0%

20%

40%

60%

80%

100%

120%

FY2010 FY2011 FY2014

Auto Non Auto

Defense Components

1-2%

Rail Components

1-2%

Aerospace Components

1-2%

Specialty Vehicles

2-5%

Railway Wagons

3-7% Off-Highway 5-10%

Tractors10-15%

Non Auto to grow from 18% to 28% within the cycle:

Rail Wagon through joint venture partner to offer high capacity new designs

Focus on manufacturing of high precision engine components for diesel locomotives.

Capitalize on Indian off-highway segment and agricultural tractors segment growth

Leveraging existing auto components expertise and technical tie-ups in other segments

Group Strategy: Non-Auto

Go to Market Strategy

Strategic Plan Established

24

Net Sales Contribution by Segment

Note:

1.Off highway includes Construction & Earth moving equipment

18% 22% 28%

0%

20%

40%

60%

80%

100%

120%

FY2010 FY2011 FY2014

Auto Non Auto

(US$ million) FY2008 FY2009 FY2010 FY20113

Sales and Other Income $1,299 $928 $1,028 $1,340

Growth % 28.3% (28.5)% 10.7% 30.4%

EBITDA $321 $195 $260 $345

Growth% 41.1% (39.1)% 33.4% 32.4%

Margin % 24.7% 21.0% 25.3% 25.7%

Interest $32 $43 $59 $79

Depreciation $58 $75 $88 $98

Profit After Tax $178 $54 $78 $128

Margin % 13.7% 5.8% 7.6% 9.5%

Financial Overview: Amtek Group

Notes:

1. Fiscal year is June ending

2. Exchange rate US$ 1 = Rs. 46

3. FY2011 figures are unaudited

4. Amtek Auto Consolidated doesn’t consolidate Amtek India

25

FCCB Schedule (in $)

Share Capital

Amtek Auto Consolidated

Issue Size Current Outstanding(2) Maturity Date Conversion price

$165.00 mn $ 6.87 mn July 2014 INR 148.40

June 30, 2011 Mar 31, 2011 Fully Diluted

Shares Outstanding (mn) 233.1 216.3 235.2

Share Capital ($ mn) 10.1 9.7 10.2

Corporate Governance

Amtek Group

Internal and

Statutory Auditor

Investor

Communication

Joint Venture

Auditor

Consolidation of

Amtek India

Disclosure &

Transparency

Research Coverage

Board of Directors Legal & Regulatory

Compliance

Appointed reputed auditor

Amtek Auto successfully completed

tender offer for Amtek India. Now

holds a 61.64% stake.

Government, Financial

Institutions, Bankers and

other Stakeholders

In discussion Completed

In discussion

Enhancing dialogue with

the equity markets and

brokerage houses

Currently covered by 4

domestic and 2

international brokers

26

Key Takeaways

One of India’s largest integrated

engineering and auto component

manufacturers

Focus on cash generation

and debt reduction plan in

place

Limited capex going

forward

27