INVESTOR PRESENTATION INDIA LIMITED INVESTOR PRESENTATION May 2017

Chief Executive Officer Today’s Presenter Rajeev Bajaj Chief Executive Officer Singer India Limited

Company Profile Industry Distribution of sewing products and home appliances Revenue1 US$56m / INR3.7bn Net income1 US$1.2m / INR81m Distribution points2 14,226 Number of employees2 406 Number of shareholders2 11,025 Shareholder structure 2 (Listed on BSE since 1982) 3 Note: For 12 months ended 31 March 2017 As at 31 March 2017 Held via wholly owned subsidiary Singer India B.V. Details of the group structure are provided in Appendix 1

1. Robust economic fundamentals Key Growth Drivers Vast market size Low product penetration 1. Robust economic fundamentals 147 years in India Strong brand recognition 2. Strong brand Sewing products Home appliances 3. Focused product portfolio Over 14,000 sales points Multiple sales channels 4. Extensive distribution Over 100 home appliance service points 5. Pan India service network

Focused product portfolio – Sewing products Market share of 41% (branded sector) / 25% entire market2 Zig-Zag model Straight stitch model Artisan models Total number of households in India 250 million Number of households owning a sewing machine (mostly straight stitch) 100 million2 Low sewing machine penetration Upgrade to portable zig zag models Large rural market Skills development programs Implementation of GST should decrease un-branded sector Note: For 12 months ended 31 March 2017 Singer India estimates Singer India has an assembly facility that supplements purchases of sewing machines from third parties

Focused product portfolio – Home appliances Vast market potential – Current market share 1% to 2% for each product category2 Food processors Kettles Air coolers Induction cookers Irons Toaster Geysers Grills Fans Sandwich makers Note: Pie chart is based on sales value for 12 months ended 31 March 2017, total unit sales is for same 12 month period Singer India estimates

Sales mix % - Home appliance sales increasing Home appliances expected to comprise 50% of revenue within 5 years Note: For 12 months ended 31 March

Extensive distribution – Over 14,000 sales points 3,653 dealer sales points 288 sewing schools Wholesale sewing 8,876 dealer sales points Wholesale appliances 54 brand shops (including 19 ‘shop-in-shop’) Retail2 Mostly via 3rd party websites HomeShop 18 channel E-commerce / telesales 1,683 canteen points Canteens (police & military) Micro finance industry Corporate sales Institutional / MFI Note: All information as at / or for the 12 months ended 31 March 2017 Singer India has unique historic right to retail nationwide in India despite FDI restrictions in this sector

Significant revenue growth (INR million) Note: Revenue for 12 months ended 31 March

Profitability ratios (INR million) Note: For 12 months ended 31 March

Analysis of overheads as a % of revenue Increased costs on account of: Sales and service infrastructure / personnel required for the home appliance business, which is expected to reach critical mass in 2018 Additonal distribution costs and commissions for MFI business (off-set by additional margin) 1 Notes: ‘Others’ comprises items such as product warranty costs and other sundry expenses

Financials - Summary INR million (unless otherwise indicated) Income statement for 12 months ended March 2017 2016 2015 Revenue 3,727 3,132 2,762 Revenue growth (%) 19.0% 13.4% Operating profit 102 100 78 Operating profit growth (%) 2.0% 28.2% Net profit 81 70 Net profit growth (%) 3.8% 11.4% Balance sheet as at end March Cash & cash equivalents 53 126 84 Total trade receivables – net 354 236 189 Inventory 542 392 309 Total interest bearing borrowings 33 - 8 Total trade payables 482 368 171 Shareholders' equity 575 481 467 Debt to equity ratio (times) 0.1 0.0

Regular dividend flow Notes: Based on the 12 months ended March share price or net profit and the dividend of the following year Includes cash dividends only

Appendix 1 – Group structure UCL Asia Partners LLP Retail Holdings NV Gavin Walker (Sewko CEO) 41.1% 54.1% 4.8% 100% 72.4% 1 Singer India Limited Note: As at 31 March 2017, Singer Asia Limited shares in Singer India Limited are held via wholly owned intermediate holding companies, with the immediate shareholder being Singer India B.V.

Thank you