PPAP Automotive Limited Formerly Precision Pipes Profiles Company

PPAP Automotive Limited (Formerly Precision Pipes & Profiles Company Limited) Taking Challenges, Together

INDEX Quarterly Highlights Company Overview Core Strengths & Growth Strategy Our Products Facilities Overview Customer Profile Awards Financial Overview 2

QUARTERLY HIGHLIGHTS All figures in ₹ Crore 1. 61% 3. 34% 81. 97 80. 67 Q 2 FY 16 Q 2 FY 17 Total Income v v v % 15. 86 14. 66 15. 15 4. 55 Q 2 FY 16 Q 2 FY 17 Q 2 FY 16 EBITDA 5. 27 Q 2 FY 17 PAT Q 2 FY 17 Income includes Tool sales of ₹ 1. 23 crore vs. ₹ 0. 73 crore of Q 2 FY 16 EBITDA Margin is at 18. 48% Interim dividend of 12. 5% (Rs. 1. 25 per share) Started supplies for Kwid for Export Market Added SML Isuzu to list of customers in the LCV segment for Instrument Panels 3

INDEX Quarterly Highlights Company Overview Core Strengths & Growth Strategy Our Products Facilities Overview Customer Profile Awards Financial Overview 4

BRIEF PROFILE PPAP Automotive Limited (PPAP) is a leading manufacturer of Automotive Sealing Systems, Interior and Exterior Injection parts in India State of the art manufacturing facilities located at Noida (UP), Greater Noida (UP), Chennai (Tamil Nadu) and Pathredi (Rajasthan). All the plants are TS 16949, ISO 14001 and OHSAS 18001 certified Technical partnership with : • Tokai Group for Automotive Sealing System (Plastic) and Toolings • JV with Tokai Group for Automotive Sealing System (EPDM Rubber and TPV) • Ichimiya Group for Injection Molded Products Over 500 different products manufactured and targets to achieve zero failure ppm in Quality and Delivery performance Integrated operations from Print to Build. Challenging spirit and focus on Continuous Improvement. Strong and committed workforce aligned to achieve Company’s Targets. 5

GENERAL INFORMATION SHARE HOLDING COMPANY ESTABLISHED IN 1978 1. 142. 76 1. 61 START OF AUTOMOTIVE BUSINESS LISTED ON BSE & NSE IN 2008 22. 12 8. 91 63. 46 SHARE CAPITAL OF ₹ 140 MILLION CERTIFICATIONS Promoters Individuals Foreign Portfolio Investor (Corporate) Bodies Corporate Foreign Companies Others TS 16949; ISO 14001; OHSAS 18001 6

MANAGEMENT PROFILE Ajay Kumar Jain - Chairman & Managing Director • Commerce graduate from the Shri Ram College of Commerce, University of Delhi • Has been associated with the company sinception • Experience of over 40 years in the Polymer processing industry • Experience of over 30 years in the Automotive industry • President of Toyota Kirloskar Supplier Association Mr. Abhishek Jain – Executive Director • B. E. in Industrial Engineering from Purdue University (USA) • Before joining the company has worked in USA • Responsible for conducting the operations of the Business • Member of Executive Committee of Honda Suppliers Club Mr. Manish Dhariwal - Chief Financial Officer • Graduated with a degree in B. Com (Hons. ) from Delhi University • Member of Institute of Chartered Accountants of India • Work experience over two decades • Has worked with Lazard India, IL&FS and Group Mega 7

MISSION, VISION & VALUES MISSION TO BE A DOMINANT SUPPLIER OF BODY SEALING, INTERIOR & EXTERIOR PARTS VISION TO BE OUR CUSTOMERS' NO. 1 SUPPLIER VALUES • TRUSTWORTHINESS • MUTUAL RESPECT • CREATIVITY • COOPERATION • EXCELLENCE 8

JOURNEY 1978 1985 • Company Incorporated 2007 1989 • Start of the Automotive Business • Added Maruti Suzuki as customer 2006 1996 • Technological tie up with Tokoi Kogyo Co. , Japan 2005 2002 • Established Plant - I (Noida) • Added Honda Cars as customer 2004 • Certification of TS 16949 and ISO 140001 2003 • Technological tie up with Nissen Chemitec Corporation, Japan • Added Tata Motors as customer • Added Toyota as customer • Certification of OHSAS 18001 • Added General Motors as customer • Established Plant II (Noida) 2008 2010 2012 2014 2015 • Listed on BSE/NSE • Established Plant - III (Greater Noida) • Added M&M as customer • Added Renault Nissan and Ford India as customer • Established Plant – V (Chennai) • Established Plant – IV (Pathredi) • Technological tie up with Tokoi Seiki Co. , Japan • Added Isuzu Motors as customer 9

TECHNOLOGY PARTNERS NISSEN CHEMITEC CORPORATION, JAPAN TOKAI KOGYO CO. LTD, JAPAN Established: 1947 Global Presence: USA, Thailand, Indonesia, China, Mexico, Vietnam Established: 1951 Global Presence: USA, Thailand, Indonesia, Singapore AUTOMOTIVE SEALING SYSTEM INJECTION MOLDED PRODUCTS RELATIONSHIP WITH PPAP SINCE 1989 RELATIONSHIP WITH PPAP SINCE 2007 10

INDEX Quarterly Highlights Company Overview Core Strengths & Strategy Our Products Facilities Overview Customer Profile Awards Financial Overview 11

CORE STRENGTHS Leadership Position India’s leading manufacturer of Automotive Sealing Systems Access to Global Technology Relationship with Japanese Technology Partners since 1989 Strong R&D Facilities Capability from Design to Print Strong Customer Base Leading OEM manufacturers in Indian Market are customers State-of-the-art manufacturing facilities Focus on Kaizen towards Technology and Operations. Strategically located manufacturing plants for Customers Healthy Financials Cost sensitive Culture 12

GROWTH STRATEGY 1 Improve Operational Efficiency • International Benchmarking • Our Mantra - "Every Paisa Counts" • Improve margin realization driven by cost optimization & operating leverage 3 2 Optmization of Asset Utilization • Improve OEE (Overall Equipment Efficiency) 4 Focus on increasing customer base Optimization of Investments • Extend leadership position across OEMs • Expand product base • Timing, Efficiency and Best Value Proposition Review • Impossible for Competition to Catch up • Perpetual sustainable development 13

INDEX Quarterly Highlights Company Overview Core Strengths & Growth Strategy Our Products Facilities Overview Customer Profile Awards Financial Overview 14

PRODUCT - MILESTONES 1989 – Start of technology partnership with Tokai Kogyo 2007 – Start of technology partnership with Nissen Chemitech • Injection Molded Parts – Interior, Exterior – Door Lining Assembly 2012 – Start of JV Company - PTI 2014 • Injection Molded Parts – Interior, Exterior & Under Body Parts 2009 2008 • Glass Run Channel, Back Door Opening & Trim Door Opening Parts 2006 • Extrusion Parts 1997 1985 • Injection Molded Parts – Interior, Exterior – Rear Tray Assembly • Injection Molded Parts – Side Protector 15

SEALING SYSTEMS ROOF MOULDING TRIM DOOR OPENING BACK DOOR / TRUNK SEAL MOULDING WINDSHEILD PVC TPO EPDM DOOR OPENING SEAL GLASS RUN CHANNEL AIR SPOILER OUTER BELT BLACK/BRIGHT INNER BELT SLIDE RAIL PRODUCTS MADE BY PTI (JV) 16

INJECTION MOLDING PRODUCTS FR-PILLAR CTR-PILLAR RR -PILLAR REAR TRAY PARTITION UNDER HOOD PRODUCTS IN CABIN PRODUCTS LINING RR PANEL SIDE PROTECTORS SPLASH GUARD DOOR LINING FENDER INNER TRUNK LINING 17

INDEX Quarterly Highlights Company Overview Core Strengths & Growth Strategy Our Products Facilities Overview Customer Profile Awards Financial Overview 18

MANUFACTURING FACILITIES I HUMAN RESOURCE CERTIFICATIONS TS 16949 ISO 14001 OHSAS 18001 E E TEAM STRENGTH : 1716 23% DIRECT INDIRECT 77% PLANT II PLANT IV NOIDA, 2003 NOIDA, 1996 PATHREDI, 2014 INDIRECT E PLASTIC EXTRUSION I INJECTION R RUBBER EXTRUSION A ASSEMBLY A R I PLANT III SURAJPUR, 2008 23% NO OF TEAM MEMBERS DESIGN & DEVELOPMENT 45 TOOL MANUFACTURING 12 SPECIAL PURPOSE MACHINE 5 STAFF 340 [PRODUCTION, QUALITY, PURCHASE, ACCOUNTS, MARKETING, HR & IT] ATTRITION PLANT V CHENNAI, 2012 REGISTERED OFFICE MANUFACTURING FACILITY FUTURE PLANNING S NO TYPE FY 2015 -16 1 COMPANY ROLL 4. 0 % 2 CONTRACTOR ROLL 9. 8 % 19

DESIGN AND DEVELOPMENT Product Design Tool Design Checking Fixture Design Validation Special Purpose Machines Design & Manufacturing 20

EXTRUSION INFRASTRUCTURE PVC / TPO MATERIAL EPDM & TPV MATERIAL 13 Extrusion Lines Flocking Lines 1 Kneader Mixing Plant (2 nd Mixing) 1 EPDM Line 1 TPV Line Assembly Lines JV COMPANY – PPAP TOKAI INDIA RUBBER PRIVATE LIMITED 21

INJECTION MOLDING INFRASTRUCTURE 32 machines including 8 Gas-assisted Range: 60 tons – 2, 500 tons Make: Toshiba, Nissei, JSW, Fanuc, Toyo, Mitsubishi 22

TOOL & MACHINE MANUFACTURING IN HOUSE TOOL ROOM CNC Machines • Wire Cut (Sodick) • EDM • CNC Lathe • CNC Milling Outsourcing of Toolings from: – • Local • China • Taiwan 23

TESTING AND VALIDATION Raw Material Testing Part Performance Testing Test Machines • • • • Universal Testing Machine Impact Strength Testing Machine (Izod/ Charpy) Hardness Tester Specific Gravity MFI Testing Machine Muffle Furnace for Ash Content Viscosity Meter Heat / Cold Conditioning Chambers Salt Spray Tester Profile Projector Abrasion Tester Humidity Chamber – up to 95 % RH Heat Stability Machine Low Temperature Impact Testing Machine Salt Spray testing 24

INDEX Quarterly Highlights Company Overview Core Strengths & Growth Strategy Our Products Facilities Overview Customer Profile Awards Financial Overview 25

MODELS 26

CUSTOMERS INDIA EUROPE BUSINESS SHARE > 20 YRS > 15 YRS NISSAN TAT 9% GM TKML 1%A 4% 1% > 01 YRS MEXICO OTHERS 1% > 10 YRS MSIL 45% THAILAND > 01 YRS JAPAN > 04 YRS > 03 YRS > 04 YRS > 02 YRS > 01 YRS HCIL 39% > 03 YRS MSIL HCIL TKML GM TATA NISSAN OTHERS > 9 YRS > 02 YRS > 03 YRS 27

INDEX Quarterly Highlights Company Overview Core Strengths & Growth Strategy Our Products Facilities Overview Customer Profile Awards Financial Overview 28

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CUSTOMER APPRECIATION TOYOTA MOTOR CORPORATION HONDA CARS INDIA LIMITED TOYOTA KIRLOSKAR MOTOR INDIA PVT LIMITED MARUTI SUZUKI INDIA LIMITED 30

INDEX Quarterly Highlights Company Overview Core Strengths & Growth Strategy Our Products Facilities Overview Customer Profile Awards Financial Overview 31

QUARTERLY FINANCIAL PERFORMANCE 85. 00 20. 00% 18. 48% 18. 18% 80. 00 16. 00% 15. 58% In ₹ Crore 75. 00 70. 00 18. 00% 14. 00% 11. 56% 11. 28% 12. 00% 10. 00% 8. 63% 65. 00 8. 00% 5. 64% 6. 43% 60. 00 4. 40% 4. 00% 55. 00 50. 00 6. 00% 2. 00% 80. 67 80. 99 81. 97 Q 2 FY 16 Q 1 FY 17 Q 2 FY 17 TOTAL INCOME EBITDA MARGIN EBIT MARGIN 0. 00% PAT MARGIN Note - Includes ₹ 1. 23 Cr. of Tool Sales in Q 2 FY 17 , ₹ 0. 73 Cr. in Q 2 FY 16, ₹ 12. 17 Cr. in Q 1 FY 17 32

EXPENSES AS % OF TOTAL INCOME (Quarterly) 85. 00 80. 00 53. 41% 54. 07% 80. 67 80. 99 51. 19% 81. 97 55. 00% 50. 00% 45. 00% In ₹ Crore 75. 00 40. 00% 35. 00% 70. 00 30. 00% 25. 00% 65. 00 14. 47% 60. 00 13. 95% 7. 16% 55. 00 14. 81% 7. 41% Materials 14. 46% 7. 32% 10. 00% 5. 00% 2. 03% 50. 00 Total Income 20. 00% 15. 00% 2. 66% Q 2 FY 16 15. 87% 15. 53% 1. 74% Q 1 FY 17 Employee Expenses 0. 00% Q 2 FY 17 Other Expenses Finance Cost Depreciation Note - Includes ₹. 1. 23 Cr. of Tool Sales in Q 2 FY 17 , ₹ 0. 73 Cr. in Q 2 FY 16, ₹ 12. 17 Cr. in Q 1 FY 17 33

EPS & BVPS (Quarterly) 34

HALF – YEARLY HIGHLIGHTS 5. 88% All figures in ₹ Crore 3. 08% 17. 45 8. 84 7. 52 Total Income v v v EBITDA % PAT FY 17’ 6 M Income included Tool sales of ₹. 13. 40 crore vs. ₹ 0. 73 crores of FY 16’ 6 M. EBITDA Margin is at 17. 04% Interim dividend of 12. 5% (Rs. 1. 25 per share) Started supplies for Kwid for Export Market, Innova, Ignis, Vitara Brezza Petrol, Baleno RS Added SML Isuzu to list of customers in the LCV segment for Instrument Panels 35

HALF YEARLY FINANCIAL PERFORMANCE Note - Includes ₹ 13. 40 Cr. of Tool Sales in FY 17’ 6 M, ₹ 0. 76 in FY 16’ 6 M 36

EPS & BVPS (HALF - YEARLY) 37

FINANCIAL PERFORMANCE SNAPSHOT (over last 3 years) 350 20. 00% 17. 20% 300 18. 00% 16. 00% In ₹ Crore 250 200 14. 00% 12. 67% 11. 26% 10. 11% 12. 00% 10. 00% 150 7. 21% 6. 69% 5. 04% 100 50 0 8. 00% 3. 78% 6. 00% 4. 00% 2. 21% 2. 00% 246. 76 318. 5 302. 75 FY 14 FY 15 FY 16 Total Income EBITDA Margin EBIT Margin 0. 00% PAT Margin Note - On Standalone basis 38

EXPENSES AS % OF TOTAL INCOME (over last 3 years) 350 70. 00% 58. 11% 300 60. 00% 52. 95% In ₹ Crore 59. 13% 250 50. 00% 200 40. 00% 318. 5 150 302. 75 30. 00% 246. 76 100 16. 27% 15. 54% 15. 20% 14. 36% 50 20. 00% 14. 32% 13. 00% 12. 32% 6. 76% 8. 00% 7. 52% 2. 24% 2. 59% 0 FY 14 Total Income FY 15 Materials Employee Expenses 10. 00% FY 16 Other Expenses Finance Cost Depreciation Note - On Standalone basis 39

RETURN RATIOS AND D/E RATIO 12. 00% 10. 75% 10. 00% 8. 16% 8. 00% 6. 06% 6. 00% 4. 00% 7. 26% 7. 13% 2. 89% 2. 00% 0. 00% FY 14 FY 15 ROCE ROI FY 16 0. 45 0. 4 0. 35 0. 3 0. 25 0. 2 0. 15 0. 1 0. 05 0 0. 42 0. 35 0. 23 FY 14 FY 15 Debt/Equity Ratio FY 16 40

EPS & BVPS (Over last 3 years) 12. 00 10. 91 8. 59 8. 00 6. 00 4. 00 3. 90 2. 00 0. 00 FY 14 FY 15 FY 16 EPS 154. 00 150. 30 149. 00 In ₹ Per Share 10. 00 141. 80 144. 00 139. 00 134. 93 134. 00 129. 00 124. 00 FY 14 FY 15 Book Value Per Share FY 16 41

SUMMARY OF CONSOLIDATED FY 16 RESULTS PARTICULARS IN ₹ CRORE TOTAL INCOME 319. 72 INCOME FROM OPERATIONS 318. 63 EBITDA 52. 97 PAT 14. 03 NET WORTH 205. 53 42

DISCLAIMER Certain statements in this communication may be ‘forward looking statements’ within the meaning of applicable laws and regulations. These forward-looking statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those suggested by the forward looking statements. Important developments that could affect the Company’s operations include changes in the industry structure, significant changes in political and economic environment in India and overseas, tax laws, import duties, litigation and labour relations. PPAP Automotive Ltd. will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances. 43

Thank You For enquiries, please contact: Mr. Manish Dhariwal (Chief Financial Officer) PPAP Automotive Limited Ph: +91 -120 -2462552 / 53 Email: manish. dhariwal@ppapco. com Mr. Anand Lalla / Mr. Parin Narichania Concept Investor Relations Mo: +91 7506051178 / 9930025733 Email: anand@conceptir. com / parin@conceptir. com Website : www. ppapco. in 44