CORPORATE PRESENTATION

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Hindusthan National Glass & Industries Ltd.

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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.

Hindusthan National Glass & Industries Limited 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.

Company Overview

Business Overview

Industry Snapshot

Operati ng and Financial Performance

Annexures

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Table of Contents

Company Overview

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Company overview

Market share of ~ 55% in the container glass segmentInstalled TPD capacity in India (2,925 MT) and Germany (320 MT); Planned capacity expansion to ~6,765 TPD by FY17

Manufacturing facilities in 6 locations across India, 7th facility will start by April, 2012Additionally, international manufacturing footprint through its 100% subsidiary HNG Global GmbH, Germany

Diversified end user segment including Liquor, Beer, Beverages, Food, Pharmaceuticals and others

Strong management with vast experience and domain knowledgeSuccessful history of acquiring loss-making units and turning them around

Six decades of presence in the industry has enabled the Company to develop long standing customer relations

In a capital intensive industry, the Company has been able to maintain a comfortable long term debt/ equity ratio

Dominant position

Pan India Presence

Consumption Ancillary

Competent management

Well established customer relations

Strong Balance Sheet

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Corporate Milestones

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1952 2001 2002 2005 2006 2007 2009 2010 2011

First 30 TPD plant

commissioned in 1952

Second 90 TPD plant

commissioned in 1964

Capacities expanded to 1,100

TPD

Acquired 700 TPD facility in

Owens Brockway India Ltd, a

subsidiary of Owens Illinois, USA. Company

renamed as Ace Glass

Acquired 320 TPD loss

making glass division from L&T at Nashik

Ace Glass Containers

merged with HNG

Established float glass plant in Halol under HNG Float

Glass

Acquired 180 TPD Neemrana unit of

Haryana Sheet Glass

Rated Best Indian Glass & Ceramics Company by Dun & Bradstreet

Work on 7th plant at Naidupeta (650 TPD) initiated – operations to commence by Q1 FY13

Nashik plant to add capacity of 650 TPD by Q4 FY12.

Acquired assets of Agenda Glas AG in May 2011; 320 TPD facility at Gardelegen, Germany

Corporate Structure

100% 100%

• Net revenues: Rs. 299 millions.

• Capital Goods & Spares Supplier to Glass Industry

• Net revenues: Rs. 10 millions.

• Mineral Supplier to Glass Industry

• Net revenues: Rs. 2,948 millions.

• Manufacturer of Float & Processed Glass

47.4%

- Consolidated net revenues: Rs. 15,678 millions.- Standalone net revenues: Rs. 15,525 millions.

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Note: 1. All revenue figures are for FY 2011. HNG Global GmbH was acquired after March 31, 2011.

100%

Glass Equipment (India) Ltd.

Quality Minerals Ltd. HNG Global GmbH

HNG Float Glass Ltd. (HNGFL)

Acquisition of assets of Agenda

Glas AG

Hindusthan National Glass & Industries Ltd.

Business Strategy

• Acquired and turned around four loss making units over the last nine years• Planned organic expansion to ~ 6,765 TPD by FY17

• Introduced Narrow Neck Press and Blow (NNPB) technology, first in India• Sustained competitive advantage through product optimization and continuous innovation • Increasing production of light weighted bottles to enhance margins

• Presence across key user industries – liquor, beer, pharmaceuticals and food• Capitalizing on opportunities in the high growth float glass industry

• Captive power plant to improve cost efficiencies (Existing and Proposed)• Silica mining to support raw material supply chain (Proposed)• Manufacturing of glass machines & spares in 100% subsidiary GEIL

• Gained European presence, one of the largest markets for food and alco-bev industries• Access to technological strength and production processes

Capacity Expansion

Adapting new technology

Expanding product portfolio

Backward integration

International Footprint

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Business Overview

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Pan – India Presence

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• HNG, the largest container glass

manufacturer in India has a manufacturing

capacity of 2,925 tonnes per day

• Multi-locational production facilities enable

the Company to:

Lower landed cost to customers

Provide JIT supplies

Cater to key customers across

India

Note : Further, the Company is setting up greenfield manufacturing facilities in new locations in West Bengal and Rajasthan. The total capacity is expected to grow to ~6,765 TPD by FY17 through Greenfield and Brownfield expansions in India.

RishikeshBahadurgarh

Chennai

Delhi

Neemrana

VadodaraKolkata

Puducherry

Rishra

Nashik

Mumbai

Hyderabad

Naidupeta

Bengaluru

Marketing Offices

Container Glass Plant Locations

Upcoming Greenfield Mega Project

Upcoming Brownfield Mega Project (Nashik)

Float Glass Unit

GEIL

International Presence

• Plant location: Gardelegen, Germany• Capacity: 320 TPD

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Gardelegen

HNG Global GmbH, Gardelegen, Germany

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• One of the most modern production facilities in Europe, with 320 tpd capacity.

• HNG Global GmbH, is located closed to the regional raw material suppliers with easy and economic

access to all key RM’s.

• The Plant is ideally located for deliveries throughout Germany and to adjacent European Countries.

• Company has 147 FTE, the average age of employees is 37 years, with 50% of the workforce below

the age group of 35 yrs.

• Germany is the largest market for Container Glass in Europe, with a share of ~ 20%.

• Company’s technological edge can also be back pedalled in HNG’s Indian operation, as Germany is

always considered as two steps ahead in terms of technology, from the rest of the World.

Expanding Scale

Present capacity of 3,245 TPD with proposed expansion to ~ 6,765 TPD by FY17

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Location Present Capacity Expanded CapacityTo be Commissioned

byNew Furnace(N) /

Rebuild (R)RSR Furnace 1 225 280 Already started RRSR Furnace 2 240 250 Already started RRSR Furnace 6 330 450 2013-14 REAST Furnace - 650 2014-15 NBGR Furnace 3 330 - - RBGR Furnace 4 275 270 Already started RBGR Furnace 5 180 180 Already started RNMR Furnace 200 330 2015-16 RRSK Furnace 2 140 - 2012-13 RRSK Furnace 1 290 - Already started RRJSTHN Fur 1 - 650 2014-15 NRJSTHN Fur 2 - 650 2015-16 NRJSTHN Fur 3 - 350 2016-17 NPDY Furnace 1 360 550 2014-15 RNSK Furnace 1 355 545 2014-15 R

NSK Furnace 2 - 640 1st March, 2012 N

Naidupeta - 650 2012-13 NGardelegen 320 320 Already started Acquisition

TOTAL 3,245 6,765

Strong customer relationships

Caters to customers across segments

PHARMACEUTICALS

BEER

LIQUOR

FOOD

SOFT DRINKS

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HNG Float Glass Overview

• Leveraged six-decade experience in glass manufacturing • Synergies in technology – Significant part of float glass manufacturing process is similar to that of container glass• Economies of scale achieved in raw material procurement

• Created a strong distribution base with over 928 dealers spread across India

• Achieved pan-India market share of 21% in clear glass and became industry leader in the west Indian market with 30% market share in clear glass in its first year of operations

• Established a 600 TPD Greenfield Plant at Halol, Gujarat• Accomplished 100% capacity utilization in the first year of operations

Diversification within the glass sector

Extensive and expanding pan India dealer network

One of the fastest growing Float Glass companies

Commenced operations in February 2010

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HNG Float Glass Overview

Setting up of a Mirror line, High performance Low E glass, Two float lines at Halol (Gujarat) & South India

• Second Float Line at Halol for 900 TPD for architectural glass by FY14

• Setting up additional 1,200 TPD float glass Capacity for architectural quality in South India by FY16

• Plan to commission production facility for Soft coated High performance Low E Glass by start of FY14

• Nascent industry in India with just 8 float glass lines compared to 246 in China

• Indian Float Glass industry has been growing at c.20% CAGR over the last three years

• India’s total installed capacity for float glass is ~ 4,700 TPD which results into saleable production of 3,840 TPD

• Low per capita consumption of Float Glass in India of 0.8 kg as compared to 12 kg in China and 10.4 kg in USA

Future growth plans

Industry growth drivers – low penetration of Glass and boom in the end user industry to drive growth

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Industry Snapshot

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Global Packaging Industry• As per World Packaging Organization, the global packaging industry at present is estimated to be USD

425 billion in revenues, with ten year historical growth at ~ 3.1% CAGR, expected to be USD 597

billion by 2014

• Projected to grow at ~ 3.5% CAGR in the next five years mainly driven by growth in emerging markets

(Asia Pacific region)

Source: Owens-Illinois, Inc. - Investor presentation, March 2010

34%

34%

27%

5%

Geography

Europe Asia, Oceana, Africa & MENorth America South & Central America

52%

15%

11%

9%

13%

End User

LiquorBeerFoodPharmaOthers

Indian Glass Packaging Industry

World glass container per capita consumption• At US$ 14 bn, Indian packaging industry has been growing at ~ 15%

over the last few years

• Expected to accelerate further with increasing urbanization,

growing middle class and expansion of modern retail

• Indian glass container market stood at US$ 1 bn plus in FY10 with a

growth of ~ 12%

• Entry barrier owing to capital intensive nature

• Top 3 players are HNG, AGI Glaspac and Piramal Glass

• Low per capita glass container consumption of 1.5 kg in India

as compared to 27.5 kg. in US and 10.2 kg. in Japan

• Strong economic drivers for end-user segments (liquor and beer,

pharmaceuticals, food, cosmetics, etc.)

South Korea

France

Spain

UK

USA

Mexico

Japan

China

Brazil

India

Indonesia

0 10 20 30 40 50 60 70 80 90 100

89

63.9

50.3

27.5

27.5

19.5

10.2

5.9

4.8

1.5

1.2

(Kg)

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Operational & Financial Snapshot

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Operational Overview

Key Highlights

• Firm domestic demand driven by growth in end user

industries - liquor, beer, pharmaceuticals, foods and

carbonated drinks

• Manufacturing facilities located across India provide an

edge over peers who have regional presence

• Pan India distribution network

• Implementation of advanced technology enables improved

cost efficiencies

FY 2009 FY 2010 FY 2011700000

750000

800000

850000

767,971785,300

829,374

Production volume (MT)

FY 2009 FY 2010 FY 2011700000

750000

800000

850000

765,478782,584

842,246Sales Volume (MT)

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FY 2009 FY 2010 FY 201116000

17000

18000

17,15117,344

18,332Realization (Rs. / ton)

End user segment

Volume Mix -FY11

1 Others include soft drinks

13%

9%

11%

52%

15%

Others

Pharma

Food

Liquor

Beer

Geography

44%

22%20%

29%

South

North

West

East

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13%

46%12%

29%

SouthNorthWestEast

Production - Capacities FY11-12

Financial Performance

FY2008 FY2009 FY2010 FY20110

50

100

150

200

250

300

350

10%

15%

20%

25%

2,147 2,3593,163

2,705

21.0%

18.0%

23.3%

17.5%

EBITDA Margins

All figures stated in Rs. millions on a standalone basis

FY2008 FY2009 FY2010 FY20110

200

400

600

800

1000

1200

1400

1600

10,213

13,110 13,599

15,434Net Turnover EBITDA

FY2008 FY2009 FY2010 FY20110

20406080

100120140160180

0%

5%

10%

15%

20%

1,603

1,077

1,552

864

15.7%

8.2%11.4%

5.6%

PAT Margins

PAT

FY2008 FY2009 FY2010 FY201102468

101214161820 18.36

12.34

17.77

9.9

EPS (Rs. / share)

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Balance Sheet

Particulars (Rs. million) Half Year ended September, 2011

Year ended March, 2011

Year ended March, 2010

Share Holders Funds 12,105 11,661 10,428

Loan Funds 10,571 63,95 5,657

Deferred Tax Liabilities 712 712 697

TOTAL LIABILITIES 23,388 18,769 16,782

Net Block + Capital Work-in-progress 17,560 13,845 11,438

Investments 2,281 1,775 1,471

Net Current Assets 3,547 3,149 3,873

TOTAL ASSETS 23,388 18,769 16,782

All figures stated in Rs. millions on a standalone basis

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Key Balance Sheet Ratios

FY2008 FY2009 FY2010 FY20110.0

0.1

0.2

0.3

0.4

0.5

0.20

0.37 0.38 0.37

Debt/Equity Ratio

FY2008 FY2009 FY2010 FY201102468

101214161820

7.08.7

13.1 13.1

Dividend Payout

FY2008 FY2009 FY2010 FY20110%

5%

10%

15%

20%

25%

20.3%

12.0%

15.7%

7.8%

RONW

FY2008 FY2009 FY2010 FY20110%

2%

4%

6%

8%

10%

12%

14%

16%

12.2% 11.8%

15.1%

10.0%

ROCE

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H1 FY 2012 - Financial HighlightsProfit & Loss Statement Snapshot

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Particulars (Rs. million) H1 FY2012 H1 FY2011 Shift (%)

Total Income 8,557 7,366 16.2

EBIDTA 1,512 1,494 1.2

Margins 17.7% 20.3%

Depreciation 551 494 11.5

Interest 420 242 73.6

Profit Before Tax 541 759 -28.7

Margins 6.3% 10.3%

Tax expense 112 173 -35.3

Profit After Tax 429 587 -26.9

Margins 5.0% 8.0%

EPS (in Rs.) 4.91 6.72 -26.9

All figures stated in Rs. millions on a standalone basis

Annexures

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* Includes 16.76% held as Treasury Shares in the Company Total 87.3 million shares Listed at: National Stock Exchange (NSE) - HINDNATGLS

Bombay Stock Exchange (BSE) - 515145Calcutta Stock Exchange (CSE)

Shareholding Pattern

Particulars % Shareholding(as on September, 2011)

Promoters 69.98

Public Shareholding

Insurance Companies 0.31

Bodies Corporate 3.93

Financial Institutional Investors 7.28

Individuals & Others* 18.50

Total 100.00

30.02

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Ratings, Rankings & Accreditations

• Business Today Ranking (Out of 500 top listed corporates, as of October, 2011)

• In terms of Average Market Capitalization – 368th

• Rating by CARE (Credit Analysis & Research Ltd.)

• Long Term credit rating of AA+(implying high safety for timely servicing of debt obligations and carrying very low credit risk).

• Short Term credit rating of PR1(+), being the highest grade (implying the lowest credit risk).

• Rated as the best Indian Company in the Glass & Ceramics category by Dun & Bradstreet in years 2009 and 2010

• Accredited with ISO 9001:2008 certification, ensuring stringent quality standards and ISO 22000 for food and safety

• Rated at No.35, out of the best 500 companies by Inc.India (Comprehensive ranking of India’s best performing mid-sized companies) in their Sep-Oct, 2010 issue.

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Hindusthan National Glass & Industries Ltd. (HNG)

THANK YOUFor further information please log on to www.hngindia.com or contact:

Laxmi Narayan Mandhana (CFO)

HNG

Tel: 033-2254-3100

Email: investor.relations@hngil.com

Anoop Poojari / Dipti Yadava

Citigate Dewe Rogerson

Tel: +91 22 6645 1211 / 1218

Email: anoop@cdr-india.com /

dipti@cdr-india.com32