Nitin Fire Protection Industries Limited

November 15, 2010

DisclaimerThis presentation is for information purposes only and does not constitute an offer, solicitation or advertisement with respect to the purchase or sale of any security of Nitin Fire Protection Industries Limited (”Company”) and no part of it shall form the basis of or be relied upon in connection with any contract or commitment whatsoever.

Any person placing reliance on the information contained in this presentation or any other communication by the Company does so at his or her own risk and the Company shall not be liable for any loss or damage caused pursuant to any act or omission based on or in reliance upon the information contained herein. This presentation is not a complete description of the Company. Certain statements in the presentation and, if applicable, the subsequent question and answer session and discussions concerning Company’s future growth prospects, are forward looking statements which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward looking statements. These risks and uncertainties include, but are not limited to, successfully implement our strategy, our growth and expansion, technological changes, investment income, cash flow projections, our exposure to market risks as well as other risks. Any opinion, estimate or projection herein constitutes a judgment as of the date of this presentation, and there can be no assurance that future results or events will be consistent with any such opinion, estimate or projection. The information in this presentation is subject to change without notice, its accuracy is not guaranteed, it may be incomplete or condensed and it may not contain all material information concerning the Company. We do not have any obligation to, and do not intend to, update or otherwise revise any statements reflecting circumstances arising after the date of this presentation or to reflect the occurrence of underlying events, even if the underlying assumptions do not come to fruition.

All information contained in this presentation has been prepared solely by the Company. No information contained herein has been independently verified by anyone else. No representation or warranty (express or implied) of any nature is made nor is any responsibility or liability of any kind accepted with respect to the truthfulness, completeness or accuracy of any information, projection, representation or warranty (expressed or implied) or omissions in this presentation.

The figures for FY 2007, FY 2008 and FY 2009 are derived from the audited consolidated financial reports whereas the figures or FY 2010 are obtained from the Limited Reviewed unaudited consolidated financial reports of the Company.

This presentation is for information purposes only and does not constitute an offer, solicitation or advertisement with respect to the purchase or sale of any security of Nitin Fire Protection Industries Limited (”Company”) and no part of it shall form the basis of or be relied upon in connection with any contract or commitment whatsoever.

Any person placing reliance on the information contained in this presentation or any other communication by the Company does so at his or her own risk and the Company shall not be liable for any loss or damage caused pursuant to any act or omission based on or in reliance upon the information contained herein. This presentation is not a complete description of the Company. Certain statements in the presentation and, if applicable, the subsequent question and answer session and discussions concerning Company’s future growth prospects, are forward looking statements which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward looking statements. These risks and uncertainties include, but are not limited to, successfully implement our strategy, our growth and expansion, technological changes, investment income, cash flow projections, our exposure to market risks as well as other risks. Any opinion, estimate or projection herein constitutes a judgment as of the date of this presentation, and there can be no assurance that future results or events will be consistent with any such opinion, estimate or projection. The information in this presentation is subject to change without notice, its accuracy is not guaranteed, it may be incomplete or condensed and it may not contain all material information concerning the Company. We do not have any obligation to, and do not intend to, update or otherwise revise any statements reflecting circumstances arising after the date of this presentation or to reflect the occurrence of underlying events, even if the underlying assumptions do not come to fruition.

All information contained in this presentation has been prepared solely by the Company. No information contained herein has been independently verified by anyone else. No representation or warranty (express or implied) of any nature is made nor is any responsibility or liability of any kind accepted with respect to the truthfulness, completeness or accuracy of any information, projection, representation or warranty (expressed or implied) or omissions in this presentation.

The figures for FY 2007, FY 2008 and FY 2009 are derived from the audited consolidated financial reports whereas the figures or FY 2010 are obtained from the Limited Reviewed unaudited consolidated financial reports of the Company.

The Company accepts no liability whatsoever for any loss, howsoever, arising from any use or reliance on this presentation contents or otherwise arising in connection therewith. This presentation may not be used, reproduced, copied, distributed, shared, or in any other manner disseminated.

The Company accepts no liability whatsoever for any loss, howsoever, arising from any use or reliance on this presentation contents or otherwise arising in connection therewith. This presentation may not be used, reproduced, copied, distributed, shared, or in any other manner disseminated.

Agenda1. Company Overview

2. Key Milestones

3. Business Activities

4. Corporate Structure

5. Key Tie-ups

6. Strengths

7. Industry Overview

8. Growth Drivers

9. Growth Strategy

10. Board of Directors

11. Key Managerial Personnel

12. Financial Overview

1

Company Overview

• One of the leading and established players in the area of fire protection and suppression systems and security solutions

• Promoted 25 years ago by Mr. Nitin M. Shah with a strong domain expertise in the fire protection business

• Providing range of products and services

o Basic level fire extinguishers to the sophisticated fire protection & security systems and building management solutions

o High pressure seamless cylinders for CNG and Industrial applications

• 11.11% share in a JV with GSPC, GAIL and other consortium partners, for oil exploration in Rajasthan State

• Strong financial growth with Revenues growing from INR 1,005 mn in FY 2007 to INR 3,155 mn in FY 2010 registering a CAGR of around 46 %

NITIE 1230 Fire Suppression System

Fire Extinguishers Smoke Detector Fire Alarm Control Panel

CNG Gas Storage Cascade

CNG Gas Cylinders

2

Milestones

Established

• Agreement with BTIC, China for manufacture of cylinders

• ISO 9001:2000 Certification

• Agreement with BTIC, China for manufacture of cylinders

• ISO 9001:2000 Certification

• Successful bid for NELP VI in Rajasthan

• IPO – Listed at BSE & NSE

• Acquisition 40% stake in New Age Co. LLC in UAE

• NCL started commercial production

• Forbes Award – Listed on Forbes Asia for best under a billion

1995 2004 2007 2008 2009

3

Business Activities

• One of the country’s leading end-to-end solutions provider of fire protection, safety and security services

• Strong track record of executing projects for more than 15 years

• Primarily focused on Gas based suppression systems for mission critical areas

• Range of products approved by domestic and international agencies

o Only Indian Company to have approvals from Underwriters Laboratories Inc., USA; Loss Prevention Certification Board, U.K. and VDS, Germany

• Servicing marquee clients in the field of telecom, data centres, refineries, offshore oil platforms and institutions like BSE

• Strong domain expertise in Designing, integration, supply, installations, testing, commissioning and servicing of various types of fire protection systems & solutions

o Facility at Navi Mumbai for integration of various fire protection solution including fire extinguishers

• Fire protection equipments sold under the brand name “NITIE”.

Fire Protection &Security Solutions

High Pressure Seamless Cylinders Oil Exploration

4

• Sales of INR 1,731 mn for FY 10 accounting for ~55% of our total revenues

• CAGR of ~47% from FY 2007 to FY 2010

Fire Alarm Systems Conventional & Intelligent Addressable Ionization Smoke Detectors, Optical Smoke Detectors, Optical Beam Detectors, Heat Detectors, Multi-sensor Detectors, Flame Detectors, Video smoke Detectors, Carbon Monoxide Detectors, Manual Call Points, Fire Alarm Control Panel

Fire Suppression System Wet Chemical based, Kitchen Fire Suppression Systems, Water Leak Detection Systems, Gaseous Fire Suppression Systems (HFC 227ea , NOVEC™1230, CO2 and other inert gases), Foam based Fire Suppression Systems, Water based Fire Protection Systems (Hydrant and Sprinkler)

Fire Extinguishers Ozone Friendly Clean Agent Fire Extinguishers, ISI marked BC - Dry Chemical Powder and ABC Dry Chemical Powder Fire Extinguishers, ISI marked Carbon Dioxide, Extinguishers, Water CO2, Mechanical foam etc

Intelligent Building and Security Management Systems

Access control, CCTV, Perimeter Defense, Barrier controls, Turnstiles

Products

Business ActivitiesFire Protection &Security Solutions

High Pressure Seamless Cylinders Oil Exploration

5

• Manufacturing and supply of High Pressure Seamless Cylinders for CNG and Industrial applications

• Catering to both domestic and export markets

• Integrated manufacturing facility located at Vishakhapatnam SEZ (A.P.) with an installed capacity of 500,000 cylinders per annum

• 38 Domestic and international approvals including, o TPED for the European marketso ISO 11439 for the Middle Eastern Markets o CCOE for the Indian marketso NZS 5454 for Pakistan and Asian Countries

Products CNG Cylinders (20 - 250 litre)(Dia: 200 - 420 mm)

For all kind of light, medium & heavy vehicles such as three wheelers, cars, buses and Trucks

Industrial Cylinders (3- 80 litre)(Dia: 108 - 267 mm)

For industrial gases, fire fighting and beverage application, medical applications etc

Business Activities

Fire Protection &Security Solutions

High Pressure Seamless Cylinders Oil Exploration

6

• Entered into a production sharing contract for exploration and prospecting of a crude oil block in

Rajasthan (NELP VI)

• GAIL and GSPC are the main operators for the block

• As per recent estimates this block has a potential of 32.3 million barrel of prospective four wells of

oil reserve (Source: GSPC DRHP)

• As on March 31, 2010, Company has invested ~INR 128 mn

Business Activities

Fire Protection &Security Solutions

High Pressure Seamless Cylinders Oil Exploration

BPCL, 11.11%

GAIL, 22.22%

Halworthy, 11.11%

GSPC, 22.22%NFPIL, 11.11%

HPCL, 22.22%

7

Corporate Structure

Alert Fire Protection Systems Pvt Ltd

Alert Fire Protection Systems Pvt Ltd

Logicon Building Systems Pvt Ltd

Logicon Building Systems Pvt Ltd

Nitin Global Pte Ltd,

Singapore

Nitin Global Pte Ltd,

Singapore

Nitin Ventures FZE, UAE

Nitin Ventures FZE, UAE

Nitin Cylinders Limited

Nitin Cylinders Limited

Eurotech Cylinders

Pvt Ltd

Eurotech Cylinders

Pvt Ltd

NITIN FIRE PROTECTION

INDUSTRIES LIMITED

New Age Company LLC,

UAE

New Age Company LLC,

UAE

100%

49%

8

Tie-Ups

Kidde Fire Protection, U.K.Distributor for the “Argonite –C60 and Novec 1230 fire suppression systems”“FM 200 & Co2 Systems – UL / FM / LPCB Approved”

DuPont, U.S.OEM for HFC 227ea, Ozone friendly gas for fire suppression systems.

Apollo Fire Detectors Limited, U.K.Exclusive distributor in India for Fire detection products

Beijing Tianhai Industry Company LimitedFor manufacturing of high pressure seamless cylinders as per specifications

9

Strengths

Leading Fire Protection Company

Marquee ClientsEnd-to end solutions

provider

International presence Strong execution track record

Strong Tie ups

High quality standards backed by domestic and international approvals

NFPIL

The industry can be classified into three categories:

• Fire Suppression Systems

oGas based systems used for protection of high value equipments and critical assets

oClean agent gas based protection for Critical assets like server rooms and data centers

•Fire Detection Systems

oThese consist of Intelligent & conventional systems

oLatest systems use specialized cameras as detectors

oThese systems can be programmed through internet

•Fire Fighting Systems

oWater based fire fighting systems for building protection

oHydrant Sprinklers

The industry can be classified into three categories:

• Fire Suppression Systems

oGas based systems used for protection of high value equipments and critical assets

oClean agent gas based protection for Critical assets like server rooms and data centers

•Fire Detection Systems

oThese consist of Intelligent & conventional systems

oLatest systems use specialized cameras as detectors

oThese systems can be programmed through internet

•Fire Fighting Systems

oWater based fire fighting systems for building protection

oHydrant Sprinklers

Industry Overview: Fire Protection Equipment

-

10

20

30

40

50

2006 2009 2012 (P)

CAGR: 25%

CAGR: 18.6%

Fire Protection Industry – Size and GrowthFire Protection Industry – Size and Growth

Future Outlook:

In 2009, the fire protection equipment industry was estimated to be INR 20 bn and is expected to reach INR 39 bn by 2012, a CAGR of 25%

Key Growth drivers:

• Increasing investments in Data Centers, BPOs, Malls, R&D, Power/Petrochemical, Telecom and IT,

• Terrorist Threats

• Government Regulations

Key Competitors:

• Honeywell, Firepro, Siemens, Tyco, Johnson Controls, Kidde and Mini Max

Future Outlook:

In 2009, the fire protection equipment industry was estimated to be INR 20 bn and is expected to reach INR 39 bn by 2012, a CAGR of 25%

Key Growth drivers:

• Increasing investments in Data Centers, BPOs, Malls, R&D, Power/Petrochemical, Telecom and IT,

• Terrorist Threats

• Government Regulations

Key Competitors:

• Honeywell, Firepro, Siemens, Tyco, Johnson Controls, Kidde and Mini Max

10

Industry Overview: High Pressure Seamless Cylinders

• High Pressure Seamless Cylinders, based on their application, can be broadly classified into: Industrial Cylinders and CNG Cylinders.

•Industrial Cylinders cater to gases, healthcare, food & beverage, fire fighting, welding, chemicals, energy industry, metallurgy, defence, space research, etc.

• CNG cylinders cater to automobile sector as onboard CNG cylinders.

• Global players include Worthington (Austria), Luxfer (UK, USA, Australia), Faber (Italy), NK (Korea), Dynetek (Canada), Beijing Tianhai Industry Company (China), Mannesman Cylinder Systems Limited (Germany), Argentoil (Argentina), Cilbras (Brazil), etc

• Indian players include Everest Kanto Cylinders, Rama Cylinders and Nitin Fire.

• High Pressure Seamless Cylinders, based on their application, can be broadly classified into: Industrial Cylinders and CNG Cylinders.

•Industrial Cylinders cater to gases, healthcare, food & beverage, fire fighting, welding, chemicals, energy industry, metallurgy, defence, space research, etc.

• CNG cylinders cater to automobile sector as onboard CNG cylinders.

• Global players include Worthington (Austria), Luxfer (UK, USA, Australia), Faber (Italy), NK (Korea), Dynetek (Canada), Beijing Tianhai Industry Company (China), Mannesman Cylinder Systems Limited (Germany), Argentoil (Argentina), Cilbras (Brazil), etc

• Indian players include Everest Kanto Cylinders, Rama Cylinders and Nitin Fire.

Future Outlook:•Key demand driver for industrial cylinders is industrial gases, whose demand is set to grow at 5-6% y-o-y during 2006-12. The demand for cylinders is expected to show the same trend.

•Total number of CNG vehicles, including new vehicles and replacements, expected to reach 50 mn in 2020 as compared to 8.5 mn in 2007-08, a CAGR of 16% as per IANGV (International Association for Natural Gas Vehicles).

Key factors driving growth: •Incentives provided by governments of various countries including India for conversion to and use of CNG vehicles.

•Increased environmental awareness and global warming concerns leading to a move towards more eco-friendly CNG powered vehicles.

•Key manufacturing bases outside the developed markets are in India and China. The entire demand from growing markets of GCC, Iran and Egypt is fully catered through imports, as there is no local production.

•Demand in South East Asian regions such as Myanmar, Malaysia, Thailand, Indonesia etc is met through imports due to absence of any domestic or regional production base.

Future Outlook:•Key demand driver for industrial cylinders is industrial gases, whose demand is set to grow at 5-6% y-o-y during 2006-12. The demand for cylinders is expected to show the same trend.

•Total number of CNG vehicles, including new vehicles and replacements, expected to reach 50 mn in 2020 as compared to 8.5 mn in 2007-08, a CAGR of 16% as per IANGV (International Association for Natural Gas Vehicles).

Key factors driving growth: •Incentives provided by governments of various countries including India for conversion to and use of CNG vehicles.

•Increased environmental awareness and global warming concerns leading to a move towards more eco-friendly CNG powered vehicles.

•Key manufacturing bases outside the developed markets are in India and China. The entire demand from growing markets of GCC, Iran and Egypt is fully catered through imports, as there is no local production.

•Demand in South East Asian regions such as Myanmar, Malaysia, Thailand, Indonesia etc is met through imports due to absence of any domestic or regional production base.

11

12

Growth Drivers

• Growing economy leading to industrial growth

• Boost in infrastructure related projects in India

• Increased emphasis on safety and security, specially after the rise in terrorist attacks globally and in India

• Intelligent Building Management industry becoming an integral part of the modern construction expansion

• Revamping of Plants and Offshore oil Platforms

• Strong emergence of high growth verticals like Telecom, IT, Malls, multiplexes, retail chains etc.

• Government compulsion for upcoming and existing buildings to have fire protection systems

• Rising replacement demand

13

Growth through

Acquisitions

Developing Alliances &

Tie-up’s

Expand Distribution

& Sales Presence

Increase Market Share

Growth Strategy

14

Board of Directors

Led by a highly disciplined and

motivated team of professionals

Board members are from diverse backgrounds

Led by a highly disciplined and

motivated team of professionals

Board members are from diverse backgrounds

Rahul N. Shah – Experienced in commissioning and installation of Fire Detection and Alarm Systems, Gas Suppression Systems. All import transactions & dealings are done under his supervision.

Nitin M. Shah – Promoted Nitin Fire Protection Industries Limited. Expanded company operations over the years and currently looks after overall business activities

EXECUTIVE DIRECTORS

INDEPENDENT DIRECTORS

Dr. Surendra A. Dave – Is associated with various committees of Government of India dealing with reforms in the capital market, mutual funds sector, insurance sector and pensions.

Krishna Kant Jha - Was an Executive Director (Health, Safety & Environment) of Gas Authority of India Limited and has a total experience of 40 years in the areas of project management, operations and maintenance, administration and health, safety and environment related activities.

Ramakant M. Nayak – Is associated with various banking and advisory companies through which he actively contributes in areas of banking, finance, economy, human resources, business strategy and risk management.

CHAIRMAN & MANAGING DIRECTOR

NON-EXECUTIVE DIRECTORSK. H. Vaidyanathan - Responsible for all technical negotiations with suppliers and customers for cylinders and allied items.

Gopal Krishna Shahi – Associated with the Company for more than a decade, he is an experienced professional in the field of fire protection and safety equipments. Currently, he is in charge of the technological development of products and technical negotiations with customers, in respect of turnkey and general fire safety products.

Pravin Shah – An electrical engineer with 33 years of experience, he is currently the Technical Director, taking care of international approvals for various products and systems, technical support to sales, marketing and installation teams, vendor development, training to technical staff and quality system management.

Partho Roy – With more than 24 years of work experience in the area of IT, fire and safety, he is currently responsible for framing of policies and procedures, preparation, execution and implementation of long and short term business plans, recruitment, training and deployment of personnel, achieving corporate objectives and complying with statutory requirements.

Kulbir Singh Sadhu – Holds a Master’s degree in Science (Physics) with a specialization in electronics. He has a work experience of 31 years in the area of fire detection, alarm and automatic gas suppression systems, sound reinforcement and public address systems, electronic systems and building management systems and is currently heading the technical department of the UAE subsidiary.

Mukesh Ajmera – Associated with the company since its inception, he has an extensive experience in the existing industry. Currently, as the Vice President of the marketing department of the Company, he is responsible for overall marketing operations in the systems division as well as marketing of other products and services offered by the Company

Mony Narayan – With over 30 years of experience in the area of fire detection and suppression, he holds a Master’s degree in Mechanical Engineering from the Indian Institute of Technology, Kanpur. He is currently, the CEO of the Green Technology Division of the Company.

Rakesh Mishra – With over 15 years of work experience in the area of fire security, safety and Engineering Practices, he currently is the functional head of one of our subsidiaries.

Managed

by a highly

qualified

team with

an

extensive

experience

in the

industry

Managed

by a highly

qualified

team with

an

extensive

experience

in the

industry

15

Key Managerial Personnel

16

Key Clients

Customer Mapping

Company Focus: Widening the customer base

17

Past Financials

0.32

0.47 0.47

0.69

0.78

0

250

500

750

1000

1250

1500

1750

2000

FY07 FY08 FY09 FY10 Sep.10

0.00

0.50

1.00

Debt DER

1324

2460

3155

2456

1005

0

500

1,000

1,500

2,000

2,500

3,000

3,500

FY07 FY08 FY09 FY10 Sep.10

Sales

* PAT is excluding share of profit from associate* PAT is excluding share of profit from associate

Rupees in MillionsRupees in Millions

0

500

1000

1500

2000

FY07 FY08 FY09 FY10 Sep.10

Fire Protection, Safety & Security Solutions Cylinders

170

285

518

606

357

100

194

316386

240

-

100

200

300

400

500

600

700

FY07 FY08 FY09 FY10 Sep-10

0.00%

5.00%

10.00%

15.00%

20.00%

25.00%

EBITDA PAT EBITA Margin PAT Margin

18

Shareholding & Key Market Data

Promoter Group, 70.2%

FII, 6.3% DII, 5.9%

Others, 17.6%

Name of the Shareholder %

Orange Mauritius Investment Limited 3.83%

United India Insurance Company Ltd 3.52%

General Insurance Corporation Of India 2.38%Swiss Finance Corporation (Mauritius) Limited 1.92%Others 0.58%

Total 12.23%

as on November 12, 2010

Particulars as on 15/11/2010 Rs.

CMP (BSE) 75.45

Market Cap (Rs. mn) 4,753

Face Value (Rs.) 2

(‘000)

Shareholding Pattern Institutional Holdings

Share Price Performance Market Information

Thank YouThank YouCorporate Headquarter

501, Delta, Technology Street,

Hiranandani Gardens, Powai,

Mumbai 400 076. INDIA

Tel.: +91-22-40457000

Fax: +91-22-25701110

Corporate Headquarter

501, Delta, Technology Street,

Hiranandani Gardens, Powai,

Mumbai 400 076. INDIA

Tel.: +91-22-40457000

Fax: +91-22-25701110