Core Infra Portfolio DRAFT PPT * The presentation should not be - PowerPoint PPT Presentation

L&T INVESTMENT MANAGEMENT LTD. – PMS Introduces Core Infra Portfolio DRAFT PPT * The presentation should not be construed as sector recommendation from the Portfolio Manager. 1 *Not For Solicitation *For Information Purpose Only *Not For Further Circulation

*Not For Solicitation *For Information Purpose Only *Not For Further Circulation Presentation Flow • About L&T Group • About L&T Finance Limited • Investment Philosophy and team • Why Core Infra Portfolio? • Proposed Product Structure (indicative) 2 * The presentation should not be construed as sector recommendation from the Portfolio Manager.

*Not For Solicitation *For Information Purpose Only *Not For Further Circulation L&T – An Overview • Founded in 1938, by two Danish engineers, Data as on 31/3/11 Rs. Cr. Henning Holck-Larsen and Soren Kristian Toubro • Diversified business interests in Engineering and 64,114 Assets Construction, Electrical and Electronics, Industrial 25,051 Net worth Products and Information Technology, and 53,204 Financial Services Gross Sales • Sustained growth in its major lines of business 4,456 PAT across seven decades 60,884 Market Cap* • Proper track record of joint ventures and partnerships across geographies and across sectors • Presence across the globe, supported by a Source: Bloomberg,* as on 30 th Dec, 2011 comprehensive marketing and distribution network L&T’s large technology base and pool of • experienced personnel enable it to offer integrated services in world markets •The presentation should not be construed as sector recommendation from the Portfolio Manager. 3 • The data provided above is only for information purpose.

*Not For Solicitation *For Information Purpose Only *Not For Further Circulation L&T – An Overview Shareholding Pattern Mutual Funds Others 13% 34% FI's & Insurance Companies 20% Domestics Companies FII's 7% 16% L&T Welfare Trust 12% Source :BSE *Data as on 30 th Sept’11 4 * The presentation should not be construed as sector recommendation from the Portfolio Manager.

*Not For Solicitation *For Information Purpose Only *Not For Further Circulation Global Accolades for L&T • Ranked 13th in the ET Top 500 Cos in India (2009) Ranked 47th in the world in Forbes-Reputation Institute “World’s Most • Reputable Companies” survey • ‘4th among India’s Best Managed Companies’ – Finance Asia (Nov 2009) • ‘Best Managed Treasury’ – Euromoney (Nov 2009) • 4th among India’s Leading Companies’ – Wall Street Journal Asia (Nov 2009) Past performance may or may not be sustained in future and is no guarantee of future results. 5 * The presentation should not be construed as sector recommendation from the Portfolio Manager.

*Not For Solicitation *For Information Purpose Only *Not For Further Circulation L&T Finance Limited – An Overview • Set up in 1994 as a public limited company. Registered with RBI as NBFC – ‘Asset Finance Company - Non Deposit Taking’ • FY 2010-11 turnover - Rs. 1397.53 Crore • Major Business divisions – Corporate Finance & Retail Finance L&T Finance Limited is mainly involved in the following businesses: • Asset Finance Capital Market Products • Corporate Finance • • Channel Finance • Construction Equipment Finance • Financial Products Distribution • Investment Management • Micro Financing • Rural Financing • Transportation Equipment Finance 6 * The presentation should not be construed as sector recommendation from the Portfolio Manager.

*Not For Solicitation *For Information Purpose Only *Not For Further Circulation Holding Structure – Financial Services Group Larsen & Toubro Ltd L&T Finance Holdings Ltd L&T Infrastructure L&T General L&T Capital Company L&T Finance Limited Finance Co Ltd Insurance Ltd Ltd L&T Investment Management Ltd. 7 * The presentation should not be construed as sector recommendation from the Portfolio Manager.

*Not For Solicitation *For Information Purpose Only *Not For Further Circulation Management Team – PMS • Mr. Ashutosh Bishnoi, Acting CEO, L&T Investment Management Limited (September 2011 onwards) MBA and B.Com Mr. Ashutosh Bishnoi is an Executive Business Advisor at L&T Finance Holdings Limited and is primarily responsible for strategy and business development of the Financial Services Group of L&T. Since, September 2011, Mr. Bishnoi has been deputed to L&T Investment Management Limited (LTIML) as an Acting CEO to supervise and oversee the AMC and Mutual Fund business. He has been associated with several leading financial services brands like HSBC India Investments Ltd., UTI Asset Management Ltd., DSP Merrill Lynch Mutual Fund and JM Mutual Fund over the past 17 years. Apart from this, he was also associated with consumer services for over 13 years. • Mr. Sachin Neema, CFA, Head of Portfolio Management Services - L&T Investment Management Limited (July 2010 onwards) CFA from AIMR, USA, MMS from Jamnalal Bajaj, Mumbai Mr. Sachin Neema h as experience of 14 years in the equity markets in India. He started his career with UTI AMC Pvt. Ltd and has more than 6 years of experience in buy side and 8 years on the sell side. He has worked as an Analyst and as a Head of Research. Prior to joining LTIML - PMS, he was a senior member of the fund management team at ICICI Prudential PMS. He has experience in managing a wide variety of funds. 8 * The presentation should not be construed as sector recommendation from the Portfolio Manager.

*Not For Solicitation *For Information Purpose Only *Not For Further Circulation Core Infra Portfolio Why Infra now? Infra sector opportunities seems to have articulated. • • Infra sector sentiment seems to be at relatively low level in the last few years in the stock market; hence it could provide attractive valuations. • With Infra sector relatively out of flavor on account of global and local issues, sector valuations seem to have taken a beating in the last 3 years. • Investment options in companies having sound track record may be available at attractive valuation. Why Core Infra Portfolio? • Strong Advisory Board - combination of infra and investment expertise in the sector. • Research and fund management team experienced in managing Infra funds – Local as well as Offshore. 9 * The presentation should not be construed as sector recommendation from the Portfolio Manager.

*Not For Solicitation *For Information Purpose Only *Not For Further Circulation Investment Advisory Board • Mr. Y. M. Deosthalee, CMD, L&T Finance Holdings Limited (ACA, L.L.B.) Mr. Deosthalee is the Chairman & Managing Director of L&T Finance Holdings Limited. He is Ex-CFO and WTD, Larsen & Toubro Limited and is associated with L&T Group for more than 37 years. Mr. Deosthalee is the Non-Executive Director of L&T Finance Limited and L&T Infrastructure Finance Limited. • Mr. N. Sivaraman, President & WTD, L&T Finance Holdings Limited (ACA) Mr. N. Sivaraman is associated with L&T for over 29 years, with roles in finance and accounts, mergers and acquisitions and investor relations. He is currently, heading the financial services business of L&T Group. He played a key role in structuring the demerger of the cement business of L&T and inducting private equity investors in L&T Infrastructure Development Projects Limited. 10 * The presentation should not be construed as sector recommendation from the Portfolio Manager.

*Not For Solicitation *For Information Purpose Only *Not For Further Circulation Investment Advisory Board • Mr. Ved Prakash Chaturvedi, Chief Executive - Capital Markets & Investment Management Group, L&T Finance Holdings Limited (PGDM- IIM, Bangalore, BE- Electronics & Power, Nagpur University) Mr. Chaturvedi has been associated with several leading financial services brands in India like CRISIL, BNP Paribas, SBI Funds Management and Cholamandalam Cazenove AMC over the past 23 years. His previous assignment was as the Managing Director & Chief Executive Officer of Tata Asset Management Limited, which is a position he held for over 8 years. • Mr. Suneet K. Maheshwari, CEO, L&T Infra Finance Company Limited (MBA from the Symbiosis Institute of Business Management, Pune) Mr. Maheshwari has approx 30 years experience in infrastructure finance, investment banking & corporate finance, private equity business and advisory on infrastructure & energy sector reforms. 11 * The presentation should not be construed as sector recommendation from the Portfolio Manager.