WELCOME July 8, 2016 1 WABCO Confidential and Proprietary - PowerPoint PPT Presentation

WABCO INDIA LIMITED Business Update WELCOME July 8, 2016 1 WABCO Confidential and Proprietary

Introduction P. Kaniappan Managing Director R.S. Raja Gopal Sastry Chief Financial Officer 2 WABCO Confidential and Proprietary

Safe Harbor Statement Statements in this document describing the Company's objectives, projections, estimates and expectations may be "forward looking statements" within the meaning of applicable securities laws and regulations. Actual results could differ materially from those expressed or implied due to many factors. Important factors that could make a difference to the Company's operations include, among others, economic conditions affecting demand / supply and price conditions in the domestic and overseas markets in which the Company operates, changes in the Government regulations, tax laws and other statutes and incidental factors. The Company does not undertake any obligation to update such forward-looking statements. All market and industry data are based on Company estimates . 3 WABCO Confidential and Proprietary

WABCO INDIA No.1 Supplier to Indian Market • 1962 : Sundaram Clayton Ltd established (TVS group and Clayton Dewandre, UK : JV) • 1977 : WABCO acquired Clayton Dewandre • 2009 : WABCO takes majority control in the brakes division of Sundaram Clayton Limited - WABCO TVS • 2011 : WABCO TVS became WABCO INDIA Limited Market leader for more than five decades 2015 Sales of ₹1838 Crores in 2015-16 2013 3,200 employees (>300 engineers) 2012 5 manufacturing sites 2011 – fully aligned to customer s’ needs 2008 2007 2005 Well established to serve customers across India 4 WABCO Confidential and Proprietary

WABCO INDIA Sales Drivers OE • Industry Growth • Market Outperformance through content increase Aftermarket • Increase in Vehicle Parc • New product Introduction Exports Utilizing all levers to generate sales growth 5 WABCO Confidential and Proprietary

Index of Industrial Production, GDP Vs M&HCV Production M&HCV Production Y-o-Y% 10% 50% IIP Y-o-Y% 5% 0% 0% 1994-95 1995-96 1996-97 1997-98 1998-99 1999-00 2000-01 2001-02 2002-03 2003-04 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 -5% IIP Y-o-Y % M & HCV Production Y-o-Y% -10% -50% 400 1600 MHCV production in '000 Nos 350 1400 300 1200 GDP in '000 Cr INR 250 1000 200 800 150 600 100 400 50 200 0 0 1973 1975 1977 1979 1981 1983 1985 1987 1989 1991 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015 HCV GDP M&HCV production strongly correlated to macro economic indicators 6 WABCO Confidential and Proprietary

Commercial Vehicle Legislation Update Status Region 2015 2016 2017 2018 2019 2020 2021 2022 (April 2016) ESC M & N > 11.8 t Autom. Driving permissible AEBS 100% ABS light veh. EPA 10 V2X / DSRC light vehicles AEBS ESC 100% ABS ABS Agriculture < 60 km/h VRUD trailer: 100% RSS Autom. Driving permissible EURO VI AEBS & LDWS M & N > 3.5 t ABS N2 for dangerous goods, ABS N3 for N3 & M3 dangerous goods, ABS for heavy trailers M3 tourist coach BS IV (EURO IV) nationwide red = in discussion Growth opportunities created by convergence of safety legislation 7 WABCO Confidential and Proprietary

Global Technology Adoption Different rates of tech adoption present a rich reservoir of organic growth 8 WABCO Confidential and Proprietary

Differentiated through Sustained Technology Innovation OnLane TM - Lane Departure Anti-Lock Braking Hydraulic Transmission Warning System System (ABS) Automation System MAXXUS TM Air Disc Brake d-comp TM Dual Traction Control System Stage Compressor OptiFlow TM SideWings Integrated Vehicle Pneumatic New Generation c-comp TM Clutch Tire Monitoring Transmission Air Disc Brake Compressor EBS for Hybrid Drivelines (IVTM TM ) Automation Air System Trailer OptiLoad TM System ECAS for Protector New Generation Automated automotive Manual Transmission ESCsmart TM Electronically Trailer EBS-E Electronic Stability Simulation Controlled Air Control (ESC) System Improved Integrated Vehicle Suspension 2013 1996 Tire Monitoring (IVTM TM ) Adaptive Cruise (ECAS) 2004 Trailer OptiTurn TM Control 2015 2000 2007 2008 2010 Modular EBS 1980’s 2001 2009 OnGuardMAX TM Air Disc Brake OptiFlow TM Tail 2011 2003 Trailer EBS Autonomous MAXX TM 22 RSSplus TM Roll Emergency mBSP TM Modular Trailer Remote 2012 Mitigation Electronic Braking System Braking Platform Control System Braking System (EBS) h-comp TM High TrailerGUARD TM OnGuard TM EC-APU Air System Output Compressor Telematics Protector Collision Roll Stability Support Mitigation OnGuardPLUS TM (RSS) for Trailers OptiDrive TM MAXX22T TM Air Disc Brake System Advanced Emergency Transmission Braking System Automation System OptiPace TM TailGUARD TM Rear Trailer Telematics Blind Spot Detection OnGuardACTIVE TM e-comp TM Electrically Driven Compressor Electronic Stability Control (ESC) for FuelGuard TM Electronic Hydraulic Braking Air Processing Unit The leading record of “industry first” innovations for commercial vehicles 9 WABCO Confidential and Proprietary

Global Engineering Footprint GERMANY UNITED STATES OF AMERICA CHINA POLAND • Leverage Indian frugal engineering globally in all designs • SW Competence Center in India GREAT • Focus on System and Advanced BRITAIN SOUTH KOREA Development in Europe • Follows a rigorous Six Sigma approach JAPAN BRAZIL INDIA Global Product Development R&D SPEND AS % OF SALES Local Product Development Year 2011 2012 2013 2014 2015 System Application & Validation WABCO India 1.1% 1.1% 0.7% 0.7% 0.8% WABCO Group 3.8% 4.2% 4.4% 5.1% 5.3% • Global footprint with main development sites in India, Poland & Germany 10 WABCO Confidential and Proprietary

WABCO Value Proposition Braking Systems Stability Control Collision Mitigation Accident Mitigation Accident Prevention Fuel Efficiency Big Data Driver Behavior Emissions Reduction Autonomous Driving Energy Recovery Weight Reduction Preventive Maintenance Maintenance Costs Fleet Management Solutions Driver Capability Applying technology to support OEM and Fleet needs 11 WABCO Confidential and Proprietary

WABCO Vision for Vehicle Safety TailGUARD TM Driver Behavior Monitoring Monitoring Blind Spot Active Steering Collision Electronic Stability Control mBSP Mitigation Pedestrian Blind Spot Monitoring Detection Blind Spot Warning 2020 2025 TODAY Collision mitigation → avoidance Accident prevention Autonomous driving Safety 360 ° Driver behavior monitoring Active steering A roadmap towards a vision for zero accidents 12 WABCO Confidential and Proprietary

WABCO Vision for Vehicle Efficiency Adaptive Cruise Clutch Compressor Tyre Pressure Monitoring Aerodynamics for Automated Manual Control Electronic Air Processing Unit Trailers Transmission Fuel Saving: Fuel Saving: Fuel Saving: 370gal/125,000ml Fuel Saving: Fuel Saving: 122gal/125,000ml 343gal/125,000ml 793gal/125,000ml 819gal/125,000ml CO 2 Saving: 8181lbs CO 2 Saving: 2688lbs CO 2 Saving: 7596lbs CO 2 Saving: 17530lbs CO 2 Saving: 18114lbs TODAY 2025 2020 Electro-Mechanical Clutch Compressor/Electronic Air Processing Lightweight Air Disc Brake Hand Brake Automated Manual Transmission Next Gen Automated Manual Transmission Electronically Controlled Air Suspension Aluminum Compressor Aerodynamics Leading in solutions to reduce total cost of operation 13 WABCO Confidential and Proprietary

WABCO INDIA’s Supply Chain Leadership Centre of excellence for select products Design and manufacturing of subsystem for global OEMs Design and Manufacturing of global products Local manufacturing of global product Supplier of components for global needs Supplier to domestic OEMs 2006 2008 2010 2012 2016 2014 Leverage powerful capabilities to deliver differentiation and value 14 WABCO Confidential and Proprietary

2015 Sales by Product Group 11% 3% 9% 9% Suspension Compressors Telematics Air Processing Control 11% 10% 15% 6% Brake Controls ABS EBS & ESC Car Products 10% 12% 4% WABCO WABCO Transmission Electronic Controls & INDIA Wheel End Monitoring Systems Automation • Supplying an extensive product and systems portfolio 15 WABCO Confidential and Proprietary

WABCO India Performance PBT IN ₹ CRORES SALES IN ₹ CRORES 1838 271 1348 1111 1046 637 966 893 216 191 185 177 492 161 Export 177 470 234 116 Domestic 1,202 868 856 777 732 641 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 Performance driven by portfolio enhancement and execution excellence 16 WABCO Confidential and Proprietary

Customer Awards Ashok Leyland’s “Best in class Volvo Eicher “Overall performance in Quality” award for the cost excellence” award year 2014-15 for 2015 Tata Motors' “Supplier of the year” award for the year 2014-15 SML ISUZU “Product upgradation through innovation” award for the Daimler India Commercial Vehicles “Innovation award” award for the year 2015 year 2015. Recognition of excellence through awards 17 17 WABCO Confidential and Proprietary