MOIL LIMITED (A Government of Enterprise) Regd. Off.: MOIL Bhawan, 1A Katol Road, – 440 013 Website: www..nic.in, E-Mail ID: [email protected], Ph.: 0712- 2806182, Fax: 0712-2591661, CIN: L99999MH1962GOI012398 CS/NSE-BSE/2018-19/ Date 29-05-2018

To, To, The GM (Listing), Listing Department National Stock Exchange of India Ltd, BSE Limited Exchange Plaza, Plot No.C-1, G Block, PhirozeJeejeebhoy Towers BandraKurla Complex, Bandra (East), Dalal Street Mumbai – 400053 Mumbai- 400001

Sub: Intimation of Schedule of Analyst/Institutional Investors Meet for MOIL Limited (“Company”) - Reg.

Dear Sir/Madam,

Further to our letter dated 28.05.2018 in terms of Regulation 46(2) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find attached copy of the corporate Presentationat Analyst/Institutional InvestorsMeet.

This is for your kind information and record please.

Thanking you,

Yours faithfully,

For MOIL Limited

(NeerajDuttPandey) Company Secretary

Encl: As above

MOIL Limited A Undertaking

CORPORATE PRESENTATION

29TH MAY 2018 Agenda

1 INDUSTRY OVERVIEW

2 WORLD MANGANESE SCENARIO

3 INDIAN MANGANESE SCENARIO

4 ABOUT MOIL

5 OPERATIONAL AND FINANCIAL PERFORMANCE

6 COMPANY STRENGTHS AND STRATEGIES

7 ACTIVITIES

2 Manganese Ore - Uses

Mn Ore Consumption

95-96% 4-5%

Metallurgical Non-metallurgical

4-5% 90-91%

Iron and Manganese Dry Cell Chemicals Others Steel Alloys

25-30% 60-65%

Fe Mn Si Mn

Steel Industry: Major End Market Other Industries: Minor End Markets

• Around 90% of the Mn ore is used in production of Mn Ferroalloys. However, over last decade, the consumption in Si Mn alloys has been increasing vis-à-vis Fe Mn alloys • Around 4-5% of consumption is for production of hot metal, during production of steel through blast furnace route. Another 4-5% is used in other industries such as dry cell (batteries), chemicals etc.

Source : Market Survey on Manganese Ore(IBM), October 2013

3 Industry Overview

 About 95% of the world’s production of Manganese Ore is used directly or indirectly in steel making. Hence the demand of manganese ore is directly related to the production of steel.

 The average grade of manganese ore produced in India is low (Mn 32-33%). This necessitates imports of high grade manganese ore to blend with domestic quality of manganese ore for producing ferro/silico manganese required for steel industry. Besides above, India is also the highest exporter of silico manganese in the world.

 India’s production of steel for 2017-18 is ~ -102 million tons for which the manganese ore requirement is approx. 3.30 million tons. However, the actual production of manganese ore during the said period is estimated at 2.40 million tons (Actuals for Apr-Dec’17 is 1.81 million tonnes).

 In the last 3 years, there was surge in the world’s production of manganese ore especially in South Africa. During 2017, the global production of manganese ore was 54.46 million tonnes.

 World production of steel increased by 2.83% in 2017 (from 1627 Million Tonnes to 1673 Million Tonnes). Even after considering the consumption in steel industry with its increased production there was surplus availability of manganese ore by 0.59 million tonnes.

1 MT of steel required approx. 14 kg of manganese based alloy and for 1 MT of manganese based alloy required approx. 2.30 MT of manganese ore.

4 Agenda

1 INDUSTRY OVERVIEW

2 WORLD MANGANESE SCENARIO

3 INDIAN MANGANESE SCENARIO

4 ABOUT MOIL

5 OPERATIONAL AND FINANCIAL PERFORMANCE

6 COMPANY STRENGTHS AND STRATEGIES

7 ACTIVITIES

5 Manganese Ore | Global Environment

World’s Country-wise Production of Manganese Ore World Manganese Ore Production Sr. no. Country Total Production* Production in Million Tonnes (Y-o-Y) 70 1 China 15.53 57.24 60.26 60 55.09 54.46 2 South Africa 11.42 48.27 47.89 50 3 Australia 5.16 40 4 Gabon 3.38 30 5 Brazil 2.44 20 6 Kazakhistan 1.57 10

0 7 India 2.10 2012 2013 2014 2015 2016 2017 8 Ghana 2.04 Figures for Calendar Year, (Source: IMnI ) 9 Ukraine 1.30 10 Other 2.96 World Manganese Ore Production – 2016* *Qty in million tonnes – Calendar year 2016 China and India account ~20% of production (Source: IMnI ) Major Producers of Manganese Ore in respective countries India Brazil Sr. no. Country Major producers South Africa 5% 7% Gabon 28% 11% 1 South Africa BHP BILLITON, ASSAMG, UMK 2 Australia BHP BILLITON, CONSMIN Australia 3 Gabon COMILOG 15% 4 Brazil VALE

Others China 5 Kazakhistan ENRC 19% 15% 6 India MOIL 7 Ghana CONSMIN

(*Figures for Calendar Year), Source: IMnI 6 Agenda

1 INDUSTRY OVERVIEW

2 WORLD MANGANESE SCENARIO

3 INDIAN MANGANESE SCENARIO

4 ABOUT MOIL

5 OPERATIONAL AND FINANCIAL PERFORMANCE

6 COMPANY STRENGTHS AND STRATEGIES

7 ACTIVITIES

7 Manganese Ore Reserves in India (in Million Tonnes)

MOIL * INDIA ** Reserves 31.75 93.48 Resources 49.72 402.40 TOTAL 81.47 495.88 M.P. J’Khand 57.71 11.63 (12%) (2%) * MOIL as on 01.04.2017 ** India as on 01.04.2015 Maharashtra 36.62 Odisha Source: IBM / MOIL (7%) 216.40 (44%)

A.P. Goa 17.65 34.42 (4%) (7%)

Others K’nataka 10.38 111.06 (2%) (22%)

8 Manganese Ore | India Scenario

India Manganese Ore Production State wise Production of Manganese Ore, 2016-17 (P)

Qty. in million tonnes Sr. no. States Quantity in Lakh MT

1 Andhra Pradesh 2.32 3.00 2.63 2.35 2.39 2.50 2.15 2 Gujarat 0.43 1.81 2.00 3 Karnataka 2.61 1.50 4 Madhya Pradesh 6.48 1.00 0.50 5 Maharashtra 6.04 0.00 2013-14 2014-15 2015-16 2016-17 2017-18 6 Orissa 5.88 (Apr'17- (Source: IBM) Dec'17) 7 Others 0.17

(P): Provisional; Source: IBM Manganese : Demand Supply Gap

The key demand drivers have been 6.00 CAGR • India net importer, with (FY01- FY15) increasing steel production 5.00 India net exporter increasing import dependency

India has only 20% of high & medium grade 4.00 Consumption: • 62% 10.1 % reserves & the rest account for low grade 3.00 ore reserves.

In mn Tonnes 2.00 Production: 2.8 % • With increasing demand for SiMn, the 1.00 imports of medium grade ore (35-44% Mn)

0.00 has increased. FY01 FY02 FY03 FY04 FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 Production Consumption Source : IBM 9 Import of Manganese Ore in India | Country wise

4.000 3.588

3.500 3.173

3.000

2.327 2.216 2.500 2.179 1.908

2.000

1.500 Qty in million tonnes 1.000

0.500

0.000 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 OTHERS 0.357 0.132 0.117 0.115 0.230 0.578 GABON 0.213 0.232 0.263 0.447 0.205 0.488 AUSTRALIA 0.745 0.500 0.749 0.535 0.426 0.465 SOUTH AFRICA 1.011 1.315 2.044 1.119 1.047 2.057

Source: DGFT (Directorate General of Foreign Trade)

10 Agenda

1 INDUSTRY OVERVIEW

2 WORLD MANGANESE SCENARIO

3 INDIAN MANGANESE SCENARIO

4 ABOUT MOIL

5 OPERATIONAL AND FINANCIAL PERFORMANCE

6 COMPANY STRENGTHS AND STRATEGIES

7 ACTIVITIES

11 MOIL Limited – A Brief History

Successful completion of buy-back process of shares (7.50%) 2018

Successful completion of OFS (10%) and issue of

2017 Bonus Shares (1:1)

Successful completion of buy-back process of shares (25%) 2016

The Company upgraded to Schedule ‘A’. 2014

Listed in Dec-2010 with divestment of 10% shares by Govt of India and 5% each by State Govt of Maharashtra and M.P. 2010

The Company got Schedule ‘B’ status. 2002

The remaining 49% shares were also acquired by Govt of India from CPMO and MOIL

1977 became a 100% Government Company.

. MOIL was formed on 22nd June, 1962 by taking over assets of CPMO. . 51% of the capital was held by Govt of India, Govt of Maharashtra and Govt of MP

1962 . CPMO still held 49% shares. . The Syndicate was converted into a Public Company as Manganese Ore Company Limited (CPMO), which was incorporated in UK.

1908 . Later, CPMO acquired mines in Nagpur, Bhandara and Balaghat districts.

. Central Prospecting Syndicate was formed to prospect for manganese deposits.

1889 . The first Prospecting License was taken in 1899 at Munsar and work commenced in the same year. 12 MOIL Limited | Location of Mines

Madhya Pradesh Road distance from Nagpur in Kms. Balaghat District Balaghat Distrct Balaghat (Madhya Pradesh) Sitapatore Balaghat 217 Tirodi Ukwa Ukwa 254 Tirodi 146 Sitapatore 156 Maharashtra Bhandara District (Maharashtra) Bhandara District Chikla Chikla 116 Dongri-Buz Dongri 122 Nagpur District Nagpur District (Maharashtra) Beldongri Beldongri 40 Gumgaon Kandri Gumgaon 35 Munsar Kandri 42 Munsar 45

13 Agenda

1 INDUSTRY OVERVIEW

2 WORLD MANGANESE SCENARIO

3 INDIAN MANGANESE SCENARIO

4 ABOUT MOIL

5 OPERATIONAL AND FINANCIAL PERFORMANCE

6 COMPANY STRENGTHS AND STRATEGIES

7 ACTIVITIES

14 MOIL | Area of activities

Mining 4.32 lakh MT 7.69 lakh MT Opencast Underground

872 MT 10571 MT Manufacturing EMD FeMn

Non-conventional Energy 323.06 lakh KwH

FY 2017-18 15 MOIL | Ferro Manganese Plant, Balaghat mine

The Ferro Manganese Plant is located at Balaghat in Madhya Pradesh. This is the only pit head FeMn Plant in the country. The Capacity of the Plant is 10000 tpa and produces Ferro Manganese of very high quality comparable to international standards.

The product is well established in the market. The capacity utilisation of the plant has been consistently more than the installed capacity during the last 3-4 years.

16 MOIL | EMD Plant, Dongri Buzurg mine

Electrolytic Manganese Dioxide Plant located at Dongri Buzurg Mine, Bhandara district of Maharashtra. The product is a vital raw material for dry cell manufacture. EMD is a high value product and it is the only plant in India.

The Plant was installed through in-house R&D and produces high quality EMD. The plant Capacity is 1000 TPA. The Plant has bagged PRESIDENT OF INDIA NATIONAL ENERGY CONSERVATION AWARD.

17 MOIL | New Area Development

Area before additions : 1564.637 Ha

New area additions in last 5 years (1354.642 Ha) (ML+PL)

Maharashtra (856.558 Ha) Madhya Pradesh (498.084 Ha)

Area under Area under Area Under ML PL Area Under PL Application Application ML 379.60 Ha 79.14 Ha 211.608 Ha 186.21 Ha

Area Under PL Area Under ML Area under 591.208 Ha 265.35 Ha Area Under ML PL 125.383 Ha Application 372.701 Ha

Total area incl. Additions : 2919.279 Ha

Source: Stock Exchange Filings and MOIL’s Annual Report(s). 18 M.S: Maharashtra, M.P.: Madhya Pradesh Production of Manganese Ore (in Lakh Tonnes)

14 12.01 12 11.39 10.32 1.62 10.05 2.20 10 1.26 1.73 8 4.19 3.89 3.57 2.97 6

4 5.58 5.49 5.35 5.92 2

0 2014-15 2015-16 2016-17 2017-18

Fines SM grade Ferro grade

Aforesaid information is for Financial year Targeted production of manganese ore for FY 2018-19 is 13.25 Lakh MT

19 Sale of Manganese Ore (in Lakh Tonnes)

14

11.87 12 11.29

2.13 9.67 1.70 10 9.10 1.24 1.48 8 3.86 2.56 4.47

6 2.88

4

5.87 5.88 4.74 5.12 2

0 2014-15 2015-16 2016-17 2017-18

Fines SM grade Ferro grade

Aforesaid information is for Financial year Targeted sales of manganese ore for FY 2018-19 is 13.00 Lakh MT

20 MOIL Manganese Ore Price relation with Share Price Movement

PRICE TREND OF MOIL MANGANESE ORE (RS./MT) 35000 Jan 17 30000 BG102 (Mn 48%) 30,531 GM2416 (Mn 44%) 21,188 25000 CH4413 (Mn 37.5%) 17,529 20000 15000 10000 May 18 5000 BG102 (Mn 48%) 21,992 GM2416 (Mn 44%) 20,159 0 CH4413 (Mn 37.5%) 15,144 Apr-17 May-17 Jun-17 Jul-17 Aug-17 Sep-17 Oct-17 Nov-17 Dec-17 Jan-18 Feb-18 Mar-18 Apr-18 May-18 (Source: MOIL)

SHARE PRICE MOVEMENT OF MOIL

Close Price 300.00 250.00 200.00 150.00 100.00 April 09, 2017 – April 01, 2018 – May 27, 2018 – 50.00 Rs. 158.03 Rs. 195.65 Rs. 196.60 0.00

(Source: www.bseindia.com) Note : Share price adjusted for issue of 1:1 bonus share 21 Financial Snapshot - Annual Trends (Rs. in Crores)

On Standalone Basis 1500 1,333.36 Sales EBIDTA 989.84 1000 831.16 650.57 634.60 647.92 461.90 500 270.26

0 2014-15 2015-16 2016-17 2017-18

On Standalone Basis

4000.00 3381.70 3453.37 Profit after tax Net Worth 3500.00 3000.00 2805.35 2799.20 2500.00 2000.00 1500.00 1000.00 428.01 421.99 500.00 172.98 305.83 0.00 2014-15 2015-16 2016-17 2017-18

22 Dividend Paid

Total equity Total dividend paid Total dividend as % age Total dividend as %age of PAT Years capital as on ( in Crores) of total equity (Payout) 31st March `

2012-13 168.00 92.40 55% 21.40%

2013-14 168.00 126.00 75% 24.73%

2014-15 168.00 142.80 85% 33.36%

2015-16 168.00 84.00 50% 48.56%

2016-17 133.19 146.51 110% 47.91%

2017-18 * 257.61 144.31 55% 34.20%

* Interim and proposed final dividend @ Rs. 3 and Rs. 2.50 per share respectively

23 Agenda

1 INDUSTRY OVERVIEW

2 WORLD MANGANESE SCENARIO

3 INDIAN MANGANESE SCENARIO

4 ABOUT MOIL

5 OPERATIONAL AND FINANCIAL PERFORMANCE

6 COMPANY STRENGTHS AND STRATEGIES

7 ACTIVITIES

24 Key Strengths

Largest Manganese Ore Producer in India (on mt. Tonnes basis)

MINIRATNA- Recipient of Category I Prestigious , Schedule A Awards PSU

MOIL

Expansion Operates 10 plans to mines in foster future Maharashtra growth & M.P.

Cash Rich Debt Free

25 Competitive Strengths & Key Business Strategies

Competitive Strengths Key Business Strategies

Largest producer of manganese ore in India with access Maintain leadership position in India and continue to to significant reserves increase production levels at existing mines to capitalize on expected growth of the Indian steel Well positioned to capture the growth potential of the sector. Indian steel industry Engage in exploration through extensive lease holdings Track record of growth and efficient operations to prove additional reserves

Centrally located mines, resulting in competitive Achieve higher forward integration to capture advantage additional margins

Strong track record of financial performance Continue to increase margins through efficiency and cost control Strong capabilities for exploration, mine planning and research development Continuous focus on developing environment-friendly and socially sustainable operations Experienced senior management and large pool of skilled manpower

26 Strategic Management Plan : 2030

 Taking into consideration anticipated growth in steel production and, as a result, increase in requirement of manganese ore, the company has prepared Strategic Management Plan (SMP) covering a period upto 2030.

 The SMP envisages availability of MOIL’s ore at a level of 3.00 million MT by 2030.

 In this direction, several shaft sinking and deepening projects have been completed and has some ongoing and planned projects.

Source: MOIL Annual Report 2016.

27 MOIL | Ongoing project : Kandri Mine

Deepening of vertical shaft by 57 Mtrs., at Kandri Mine

Duration of Project 3 Years Date of commencement Sept.-2015 Date of scheduled completion Sept.-2018 Total cost Rs. 14.82 crore CAPEX till Apr.-2018 Rs. 14.49 crore Status as on 30.04.2018 • Shaft deepening & equipping/furnishing is completed for total depth of 57m. • Cages commissioning done upto bottom most level (242m) and regular man/material hoisting started. Overall progress of the Approx. 94% project Expected date of start of Dec.-2018 Production

28 MOIL | Ongoing project : Chikla Mine

Sinking of 2nd vertical shaft by 160 Mtrs. at Chikla Mine

Duration 4 Years Date of commencement Feb.-2015 Date of scheduled completion Feb.-2019 Total cost Rs. 48.70 crore CAPEX till Apr.-2018 Rs. 30.61 crore Status as on 30.04.2018 Shaft equipping & furnishing in progress and completed by 40%. Overall progress of the Approx. 92% Project Expected date of start of Feb.-2019 Production

29 MOIL | Ongoing project : Munsar Mine

Sinking of 2nd vertical shaft by 160 Mtrs. at Munsar Mine

Duration 4 Years Date of commencement Apr.-2016 Date of scheduled completion Apr.-2020 Total cost Rs. 51.32 crore CAPEX till Apr.-2018 Rs. 9.76 crore Status as on 30.04.2018 Shaft sinking and lining in progress and completed by 120m. against the total depth of 160m. Overall progress of the Approx. 45% project Expected date of start of Apr.-2021 Production

30 MOIL | Ongoing project : Ukwa Mine

Sinking of 2nd vertical shaft by 324 Mtrs. at Ukwa Mine

Duration 4 Years Date of commencement Aug.-2016 Date of scheduled completion Aug.- 2020 Total cost Rs. 77.15 crore CAPEX till Apr.-2018 Rs. 12.60 crore Status as on 30.04.2018 Shaft sinking and lining in progress and completed by 108m. against the total depth of 324m. Overall progress of the Approx.- 31% project Expected date of start of Aug.-2021 production

31 MOIL | Ongoing project : Balaghat Mine

Sinking of 7.5 Mtrs. Dia., 750 Mtrs. depth High speed shaft at Balaghat Mine with 3 nos. friction winders, headgear, surface buildings, electrical installations, ore transport facility etc.

Duration 3 Years Date of commencement Jan.-2018 Date of scheduled completion Jan.-2021 Total cost Rs. 259.70 crore CAPEX till Apr.-2018 NIL Status as on 30.04.2018 Mobilization in progress. Overall progress of the As per schedule. project Expected start of production 2021

32 MOIL | Ongoing project : Gumgaon Mine

Sinking of 6.5 Mtrs. Dia., 330 Mtrs. depth High speed shaft at Gumgaon Mine with 2 nos. friction winders, headgear, surface buildings, electrical installations, ore transport facility etc.

Duration 3 Years Date of commencement Jan.-2018 Date of scheduled completion Jan.-2021 Total cost Rs. 193.80 crore CAPEX till Apr.-2018 NIL Status as on 30.04.2018 Mobilization in progress. Overall progress of the As per schedule. project Expected start of production 2021

33 MOIL | New Project : SiMn Plant

Ferro Alloy plant at Balaghat Mine

The Board of Directors has recently approved setting up 50000 MTPA capacity Ferro Alloy Plant at Balaghat mine with an investment of Rs. 263.82 crores.

The project is expected to be commissioned by 2022.

34 MOIL | New Project : SiMn Plant

Ferro Alloy plant at Gumgaon Mine

The Board of Directors has recently approved setting up 25000 MTPA capacity Ferro Alloy Plant at Gumgaon mine with an investment of Rs. 155.00 crores.

The project is expected to be commissioned by 2022.

35 Agenda

1 INDUSTRY OVERVIEW

2 WORLD MANGANESE SCENARIO

3 INDIAN MANGANESE SCENARIO

4 ABOUT MOIL

5 OPERATIONAL AND FINANCIAL PERFORMANCE

6 COMPANY STRENGTHS AND STRATEGIES

7 ACTIVITIES

36 Additional Activities

Non-Conventional Source of Energy

MOIL has installed wind farms for captive power requirement and to promote non- conventional energy resources. The present capacity is 20 MW.

MOIL is also setting up 10.5 MW Solar Power Plant at mines in Madhya Pradesh and Maharashtra.

Exploration and Prospecting works in Madhya Pradesh

MOIL has signed Memorandum of Understanding (MoU) jointly with Government of Madhya Pradesh, Mineral Resources Department and Madhya Pradesh State Mining Corporation Limited (‘MPSMCL’), to conduct exploration and prospecting works by MOIL in Madhya Pradesh.

MoU also envisages formation of a Joint Venture Company between MOIL (51%) and MPSMCL (49%), in case of availability of ore is proved, in any area.

MoU is aimed at increasing the mineral resources in Madhya Pradesh

37 Share Price Movement

SHARE PRICE V/S INDEX & OTHER MINING COS.

120%

100%

80% MOIL 60%

40%

20% Sensex

0% India -20% NMDC

-40% 18 18 18 18 18 18 17 17 17 17 17 17 17 17 17 17 17 18 17 17 ------Jul Jul Jan Jan Jun - Oct Apr Apr Apr Apr Feb Mar Sep Sep Dec Aug May Nov Nov May

(Source: www.bseindia.com) 38 THANK YOU!

MOIL LIMITED MOIL Bhavan, 1-A, Katol Road, Chhaoni, Phone : 0712 2806216/181 Nagpur – 440 013 Website : http://moil.nic.in Tele-Fax : 0712 25916613

39