1. Everest Kanto Cylinder Ltd

2. Disclaimer The information contained in this presentation is only current as of its date and consists of information that is already in the public domain or that is not price sensitive. All actions and statements made herein or otherwise shall be subject to the applicable laws and regulations as amended from time to time. We will accept no liability whatsoever for any loss arising directly or indirectly from the use of, reliance of any information contained in this presentation or for any omission of the information. It is advised that prior to acting upon this presentation, independent investigation including seeking advice of your financial, legal, tax and professional advisors as to the risks involved may be obtained and necessary due diligence, etc may be done at your end. This presentation may contain certain statements of future expectations and other forward-looking statements, including those relating to our general business plans and strategy, our future financial condition and growth prospects, and future developments in our industry and our competitive and regulatory environment. Actual results, performances or events may differ materially from these forward-looking statements including the plans, objectives, expectations, estimates and intentions expressed in forward looking statements due to a number of factors, including without limitation future changes or developments in our business, our competitive environment, and political, economic, legal and social conditions in the countries we operate in. This presentation is not being used in connection with any invitation of an offer or an offer of securities and should not be used as a basis for any investment decision.

3. EKC – An Introduction Established in June, 1978
Began with a Joint venture with Kanto Koatsu Yoki Manufacturing Company of Japan
Pioneer in production and development of Industrial and CNG cylinders with dominant market share in South Asia and Middle East
Largest global player in the Large Pressure Vessel space
Three manufacturing plants in India and one each in Dubai, China and U.S.A.
Existing capacity of 1 Million cylinders of all sizes mainly by way of organic and acquisition growth
Ambitious organic growth plans in India and China
Almost 1000 employees on rolls worldwide experienced in R&D, production and management
Quality control processes approved in more than 20 countries

4. EKC – Key Milestones
Incorporation of Everest Kanto Cylinder (P) Limited
1978
First commercial production at Aurangabad Plant
1981
Commencement of exports to Gulf countries
1986
Commissioning of Tarapur Plant
1988
Development of CNG cylinder for the markets
1998
Supply of CNG Cascades
1998
Export to European countries
1998
More than 150,000 cylinders produced and dispatched
2001
Commencement of production at Dubai Plant
2004
Listing of Equity Shares and Gandhidham unit goes onstream
2005
Doubling of Capacity in Dubai and initiation of China Project
2007
Acquisition of CPI, U.S.A. and commencement of production in China
2008

5. EKC – Product Applications

6. EKC – Key Customer profile
Industrial Cylinders
Praxair
BOC India Ltd
Inox Air Products Ltd
Advanced Silicon
Air Products
Air Liquide
CNG Cascades
Mahanagar Gas Ltd
Indraprashtha Gas Ltd
Bhagyanagar Gas Ltd
Gujarat Adani
OEMs for CNG Cylinders
Hyundai
Toyota
Suzuki
Tata Motors Ltd
Eicher Motors Ltd
Ashok Leyland & Co Ltd
Swaraj Mazda
Special Cylinders
Defence Department in India
US Navy

7. Automobile CNG Cylinder

8. Jumbo Trailer Project India & China

9. EKC’s Competitive Edge
First mover advantage in CNG space in Asia
Existing Production Capabilities & Capacities and expansion plans leading to economies of scale which gives edge over competition
New manufacturing facilities to adopt cost effective technologies and processes
Supply Chain Advantage – Relationship with Tenaris going back to 15 years
Strong Customer relationship especially with OEMs and after market players
Regulatory approvals in over 20 Countries
1 US$ = rS

10. EKC – Manufacturing Facilities
Location
Established / Acquired
Product Range (In Lts.)
Capacity (In Nos.)
Industrial
CNG
Jumbo
Total
Aurangabad
1978
1-21
110,000 -
Tarapur
1985
21-280
80,000
160,000
Dubai
2003
196,000
Gandhidham
2005
1-280
140,000
200,000
340,000
China
2008
1-280 and Jumbo
120,000
10,000
210,000
USA
4,000
GRAND TOTAL
410,000
596,000
14,000
1,020,000

11. EKC – Historical Key Financial Highlights

12. H Results Highlights
High Growth in Turnover driven by organic expansion in China and inorganic acquisition of CPI, USA
Growth in CNG business continues to be robust with increased penetration of Indian, Middle East and CIS markets
Significant increase in output from Dubai unit and optimum utilisation of Indian facilities
EBITDA margins increase substantially aided by increased selling prices and better product mix and despite steep devaluation of INR vis a vis US$
Higher interest, Depreciation and amortisation mainly due to acquisition of CPI and commencement of China operations

13. H1 2008-09 Results Highlights H1 2008 H1 2007 Change
Turnover (Rs. Million)
4,101
2,391
+71.6%
Turnover (US$ Million) * 84 49
EBIDTA (Rs. Million)
1,312
706
+85.9%
EBIDTA (as % of Turnover)
32.0%
29.5%
PAT (Rs. Million)
782
506
+54.4%
PAT (US$ Million) * 16 10
EPS (Rs. Per Share)
7.73
5.19
+48.9%
* 1 US$ = Rs
1 US$ = rS

14. H Results

15. H1 2008-09 Results Highlights Turnover by Markets

16. H1 2008-09 Results Highlights Turnover by Products

17. Global NGV growth outlook
Benefits of Natural Gas Vehicles include
Reduced Particulate and greenhouse gas emissions and safer than most liquid fuels
Widespread availability of NG which can also be derived from renewable sources like biogas
Technically proven and available at lower cost
Can be used in all types of vehicles
Minimal processing or refining requirements
NGV growth has more than doubled during last five years
As per Gas Vehicles Report dated June 2008, there are 8.5 Million vehicles worldwide and IANGV projects that this would increase to a level of 50 Million vehicles by 2020

18. Global NGV growth outlook
Among top 10 countries, the number of NGVs has increased from a level of 1.7 Million in 2001 to a level of 7.6 Million in March 2008
EKC has a significant presence in six of these countries which still have a low penetration rate of NGVs in the overall vehicle population
International Gas Union has projected that the total global NGV population shall increase to a level of Million by the year 2030 and the final target shall be announced in 2009

19. Global NGV statistics – Top Ten countries
No. of NGVs (In ‘000)
Country
March-01
March-08
Argentina
735
1699
Pakistan
200
1650
Brazil
272
1533
India 25
822
Iran 1
730
Italy
370
433
Colombia 9
252
China 36
201
Bangladesh 22
160
Ukraine 35
120
Total
1705
7600
Top ten countries represent 89% of global NGV population
Compound Annual Growth rate (CAGR) over last 7 years
- 24% globally
42% for Asia and CIS
Very low penetration rate of NGV vehicles
6.1 % globally
5.9 % for Asia and CIS
2.0% for high growth markets like India and China

20. Natural Gas Scenario to positively impact CNG business in India
Natural Gas infrastructure spans 8000 Kms with product pipeline of Kms
Compressed Gas Distribution (CGD) networks in 19 cities
- More than 0.8 M vehicles on CNG
- More than 0.8 M households connected
Expression of interest for CGD in 68 cities to be implemented over 2-5 years with investment ranging from US$ 50 – 200 Million in each city
Projected Gas Supply expected to increase from MMSCMD to a level of about 200 MMSCMD in

21. EKC’s Global Business Outlook
China plant commenced production in May 2008 and large line expected to go into production very shortly
Integration activities with CPI progressing well resulting in improved production levels
Billet Piercing Plant to be operational in this fiscal year and this is expected to lower cost of production thereby making the products more cost competitive
Jumbo Cylinder Plant in India is scheduled to go into production in Q and EKC expects to penetrate the untapped Indian market for such products by leveraging CPI’s capability in this line of business
EKC is venturing into the market for light weight CNG cylinders mainly required by OEMs in Europe and Asia and this project is expected to go into production in Q This would result in much higher value addition besides providing value to customer
INR expected to continue to be under pressure but overall impact not significant on the bottomline

22. Thank You