Corporate Presentation May 2019 Group 1 with Varroc is is th the - PowerPoint PPT Presentation

Corporate Presentation May 2019

Group 1 with Varroc is is th the 2n 2nd Lar Largest In India ian Auto Component Gr ith a a Gl Global l Footprint  Founded in 1988 in Aurangabad, India by the Jain family  Successful listing on the Indian Stock Exchanges in July 2018 Leading Two primary business lines: tier-1 manufacturer and supplier to the Indian 2W and 3W OEMs (4) Varroc Lighting Systems (“VLS”) : global supplier of exterior lighting 1. systems to passenger car OEMs 2. Varroc India Business : manufacturer and supplier of diverse range of auto components primarily to 2W, 3W and 4W OEMs 6 th  Strong, long-lasting, growing customer relationships with Largest (2) , fastest growing among marquee auto OEMs globally and in India top six global exterior auto lighting  Well-diversified global auto component business across suppliers geographies, products and customers  Low cost, strategically located global manufacturing footprint  41 Operating plus 2 Upcoming Manufacturing Facilities and 16 R&D Centres across 5 continents INR 120 bn  In-house R&D capabilities in India, Czech Republic, China (5) , USA, FY19 revenue (3) Mexico, Germany, Italy, Romania and Poland  ~1,500 R&D engineers (6) ; 185 patents granted globally (6)  Experienced management team supported by reputed Board  ~14,000 employees across the globe (6) Note: (1) Based on CRISIL Report - By revenue for FY17. Excludes TVS Motors revenues for Sundaram Clayton and Bosch Ltd. part of Robert Bosch GmbH (Germany). (2) Based on Yole Report – By revenue for CY16. For passenger and light commercial vehicles. (3) Based on Yole Report for Revenue Confidential CAGR from 2014 – 2016. (4) Based on CRISIL report; by revenue for CY16 – Sum of Varroc Engineering Pvt. Ltd, Varroc Polymers Pvt. Ltd and Durovalves Pvt Ltd. taken for Varroc. (5) Activities in China are through a 50% joint venture with Beste Motor Co. Ltd. (6) As of March 31, 2018. Excluding JVs.

Our Jou Journey Development of Electronic Fuel- JV with Plastic Acquired Investment in Injection Omnium , France Visteon’s global manufacturing facilities Technology for PV lighting in Brazil and Morocco 2W in India Acquired Forging business company, IMES , Acquired auto Italy , Acquired PV accessories Lighting 2007 manufacturer 2012 2017 business in 1990 2018 Team Concepts (India) Turkey 2011 2005 2014 2019 Polymer Varroc Engineering Limited Inauguration of Business listed on Indian Stock manufacturing facility Indices (BSE & NSE) in Morocco PE Investments by Omega TC Holdings Expansion of Inauguration of 2W and 3W Acquired and Tata Capital manufacturing facility manufacturing facility in catalytic Tri.o.m ( Italy ), in Czech Republic converters - 2W lighting Brazil and Halol (India) Acquired 50% in Varroc TYC Corporation ( China ) Note: (1) Now part of VLS.

Visi ision, Miss ission & Valu alues Vision Values Our core values serve as a common identity for every employee in To be an INR 200 billion supplier of innovative solutions for transportation and allied industry in 2020 the organization. These values have been ingrained in Varroc since • Core business sectors will be exterior lighting and two wheeler our inception and have stood the test of time. Our principles have helped us thrive in the global competitive market. mobility • Be a partner of choice for vision, mobility and emission technologies • Be the fastest growing player in our core sectors Mission Bring leading edge technologies to the mainstream markets with high quality, cost competitive solutions • By delivering customized solutions with superior service • With speed, agility and creativity • And fostering an environment that empowers employees and encourages the pursuit of excellence

Busin siness Overview METALLIC POLYMER ELECTRICAL - ELECTRONICS LIGHTING • Head Lamps • Engine valves • Air Filter Assembly • 2W lighting • Rear Lamps • Transmission gears • Seating Assembly • Digital clusters • CHMSL • Interiors • Crank pins, Links • Motors, Magnetos • Fog Lamps • Painted plastic exterior • Connecting Rods • Regulator & Rectifiers • Crankshafts products • Body switches, CDI, • Mirror assembly • Catalytic Converters • Integral Skin 11 Facilities – India (8) # , Italy, 10 Facilities – Czechia (2), 15 Facilities – India # China (2), Turkey (2), Mexico, 7 Facilities – India (5) # , Italy (2) Romania, Vietnam 1 upcoming facility - India India, Brazil & Morocco • Leading global supplier of • Offers precision forged & • Comprehensive solutions in • One of the largest polymer exterior automotive lighting machined parts for engines electrical-electronics solution providers to all systems for PV and transmissions components, assemblies for major auto OEMs with a automotive applications. • 8000+ employees • Supplies engines valves in pan-India presence • High end lighting systems for domestic and international • 1600+ employees markets the global 2W industry • 1600+ employees • 1500+ employees 2W, 3W, PV, CV & OHV, 2W, 3W, PV & CV 2W, 3W, PV & CV PV Earth-moving & Oil-drilling #Pantnagar facility caters to all 3 verticals of India business.

Well ll Div Diversif ified Au Auto Com omponent Busin siness Acr Across Ge Geographies, Product Gr Groups, Customers an and Se Segments Confidential

Varroc Lea Leaders Founder & MD  Experienced management team  Independent directors with experience across industries & practices Tarang Jain*^  Strong governance: Big-4 statutory and internal auditors; independent board Managing Director committees CEOs Ashwani Maheshwari CEO – India Business Stephane Vedie President and CEO – VLS President – Metallic Division Business & Functional Heads D S Sethumadavan Business Head – Polymer Arjun Jain* T. R. Srinivasan President – Electrical Division Business Group Chief Financial Officer Puneet Chandhok Kavita Kulkarni Sumeet Tandon Chief Supply Chain Officer Chief Human Resource Officer Chief Market Development Officer Note: * denotes member of Promoter Group. ^ denotes member of Board of Directors.

Low Cos Lo ost, Str trategically ly Lo Located Gl Global Man anufacturin ing Footprint 41 Operating plus 2 Upcoming Manufacturing Facilities and 16 R&D Centers Across Asia, Europe, Africa, North and South America 15 Global Manufacturing Plants for VLS* & other international businesses 26 Manufacturing Plants and 5 R&D Centers across India Corporate Headquarters Manufacturing plant R&D Centre Czech Uttarakhand Republic (1) Romania Haryana (1) Bulgaria China Italy NCR Morocco (1) India Rajasthan Mexico (1) India Vietnam Gujarat Madhya Pradesh (2) (1) Brazil Maharashtra Corporate Headquarters (15) VLS Headquarters Manufacturing plant Technical / Sales Center R&D Centre Karnataka (2) Manufacturing and R&D Pan-India presence enabling Proximity to OEMs leading to cost Tamil Nadu (1) centers spread across low- proximity to customers across key effectiveness and quicker turn- cost countries automotive hubs around times * VLS - Varroc Lighting Systems Confidential

Product Portfoli lio & Cap apabili litie ies Ac Across ss Se Segments Broad Portfolio of Lighting Technologies for PV OEMs Globally Comprehensive Solution Provider to 2 Wheeler OEMs in India Headlamps Xenon LED Matrix Rear Lamps LED Other Lights Electronics Headlamp Control LED Module Projector Modules  Wide range of products across polymer, electrical and metallic  Products including headlamps, rear lamps, fog lamps segments and center high mount stop lamps  One-stop shop for customers enabling cross-selling  Established presence in key emerging technologies such as LED, Laser, Matrix, OLED End to end capabilities across design, R&D/Engineering, testing/validation, tooling, manufacturing and delivery

Global Busin Glo siness: : Key y Str Strengths Robust Revenue Growth with Improving Margins Strong Competitive Position in a Growing Market Segment  Revenue growth driven by new customer wins and increasing business with existing customers  Exterior lighting market growth outpacing PV volume growth  Improved operational efficiencies resulting in better margins  Fastest growing global lighting player amongst top six players (1) 6 1 Robust in-house Technology, Innovation Long Standing, Growing Customer & R&D Capabilities Relationships  Nimbleness, flexibility and cost consciousness enables  Strong long-standing relationships with marquee OEMs across developing products with shorter turn-around time and at 5 2 high-end and mass market segments competitive prices  Expansion of business with key customers (Jaguar Land Rover,  Well-positioned to benefit from key trends such as FCA and others) electrification, shared mobility and emission reduction Global Low-cost Manufacturing and R&D Wide Range of Product and Technology 4 3 Footprint Offerings  Strategically-located manufacturing and R&D centers in low  Diversified product portfolio covering a wide range of technologies cost locations  Cost effective, cutting edge technology products to premium and  Footprint covers major PV markets mass market PV OEMs