Suzlon Energy Ltd · NSE:SUZLON
Suzlon Energy — Merger or Acquisition (February 2007)
24 slides from Suzlon Energy's merger presentation, Feb 9, 2007
Slide 1: Suzlon Energy: Powering a Greener Tomorrow
Suzlon Energy Powering a Greener Tomorrow Hamburg, 9 February 2007
Slide 2: Disclaimer
Disclaimer This presentation is neither an offer to purchase nor a solicitation of an offer to sell shares in REpower Systems AG (“REpower”), nor an offer to purchase or sell any other securities. Any offer to sell the shares in REpower will be made, and any shareholder should make his investment de
Slide 3: Agenda
Agenda cc Eee lUlUlUlUlUlUl—™ = Proposed Transaction « Suzlon at a Glance » Transaction Rationale » Conclusion
Slide 4: REpower and Suzlon: Natural Partners
REpower and Suzlon: Natural Partners * Suzlon announces the intention to make a friendly offer for REpower which is supported by Martifer. The offer is made through a bidco, which is held 75% by Suzlon and 25% by Martifer * REpower and Suzlon are two of the world’s leading wind turbine companies wit
Slide 5: Financial Offer Highlights
Financial Offer Highlights cc Eee lUlUlUlUlUlUl—™ = Suzlon offers to acquire REpower shares for €126 per share in cash, valuing the company at more than €1.0 billion * Our offer represents a premium of e 20% over the offer price of Areva e 40% over the share price prior to Areva's offer announcement
Slide 6: Martifer is Fully Committed to REpower's Success
Martifer is Fully Committed to REpower’s Success « Martifer is one of the top European steel construction companies with strong sustainable growth over the past years and holds more than 25% of the shares in REpower » Even in difficult times for REpower, Martifer fully supported the company as evide
Slide 7: Agenda
Agenda cc Eee lUlUlUlUlUlUl—™ = Proposed Transaction = Suzlon at a Glance » Transaction Rationale » Conclusion
Slide 8: Suzlon at a Glance
Suzlon at a Glance * The world’s fifth largest wind turbine company! with over 6% of global market share and market leadership in Asia * Headquartered in Europe and listed on the National and Bombay Stock Exchanges since 2005 a = Operations across Australia, Belgium, Brazil, China, Denmark, Germany,
Slide 9: Suzlon's Vision
Suzlon’s Vision * To be the technology leader in the wind industry = To be among the top three wind energy companies in the world * To be the most respected brand and preferred company for all stake holders * To be the best team and best place to work = To be the fastest growing and most profitable
Slide 10: Suzlon's Global Value Chain
Suzlon’‘s Global Value Chain = Best of all woflds.technology » Werticabintegratioggirom * India; China strategy > components to turbine = AerodynamleRBD a : » USA, Brazil in the Netherlands * Product development Im Genmany = Product and process Engineering in India * Gearbox R&D In Belgium (Hansen)
Slide 11: Suzlon - Key Competitive Strengths
Suzlon - Key Competitive Strengths * Vertically integrated global wind player offering comprehensive solutions covering R&D and manufacturing to EPC project delivery and operations & maintenance services * Strategically structured global supply chain to serve high growth markets; leveraging low-cost
Slide 12: Suzlon - Defined Strategic Focus
Suzlon - Defined Strategic Focus Vertical integration Cost efficiency
Slide 13: Suzlon - Strong Financial Performance
Suzlon - Strong Financial Performance EBITDA 1,000 S00 7 761 4,000 5 Si soo 4 + 600 4 3,000 4 600 4 iced ave 4 385 943 " 2,000 4 1 ano 65m 200 4 1,000 - 858 2004 145 aoe = * €27m a4 o r r 1 FYo4 FYoS FYO6 vos \FYOS | FYDE Fyo4. ss FYOS~—s FOG » Sustainable high growth as evidenced again in latest 9M
Slide 14: Agenda
Agenda cc Eee lUlUlUlUlUlUl—™ = Proposed Transaction =» Suzion at a Glance * Transaction Rationale » Conclusion
Slide 15: A Perfect Match
A Perfect Match * Shareholder committed ta wind industry and development of REpower * Financial muscle to fuel growth * An integrated and reliable supply chain (gearbox, blades, generators, control systems, castings and forgings) * Global marketing, EPC, projects, O8M services and manufacturing * A
Slide 16: Complementary Technologies
Complementary Technologies REpower « World-class wind turbine technology * Technology access to key components — teams In Germany gearbox, rotor blades, generators and « Impressive turbine expertise control systems * Rich operating experience with O&M » Extensive experience In large multi-MW ; servi
Slide 17: Suzlon Provides Financial Muscle
Suzlon Provides Financial Muscle Suzlon (FYE Mar) 9M FYO7* 12M FYO6 12M FYG5 % growth+ % margin % margin * Suzlon can provide the financial backing to support REpower’s growth = Suzlon has proven its ability to generate strong top line growth while maintaining high margins FExciudes Hansen and the i
Slide 18: Agenda
Agenda cc Eee lUlUlUlUlUlUl—™ = Proposed Transaction « Suzlon at a Glance » Transaction Rationale » Conclusion
Slide 19: Benefits for all of REpower's Stakeholders
Benefits for all of REpower’s Stakeholders 7 eu seicildiisal ke ii } Management | * A significant premium over the competing offer » Highest ever price for REpower shares Natural partner, long-term commitment to grow th Bual-brand approach to leverage identities and strengths Global rather than loca
Slide 20: Partnering for the Future
Partnering for the Future REpower «= REpower and Suzlon will together form the best team in the global wind energy industry «The combination brings together strong R&D, excellent technology teams and access to European markets with a vertically integrated supply chain, global market reach, strong te
Slide 21: A True Commitment to Renewable Energy
A True Commitment to Renewable Energy = Widely regarded as a visionary and pioneer, Mr, Tulsi Tanti has made Suzlon a formidable force in the wind power industry in just over a decade. Mr, Tanti's personal commitment and drive to help create a brighter future for the world has created a company that
Slide 22: Questions and Answers
Questions and Answers
Slide 23: REpower - Brief Overview
REpower -— Brief Overview » REpower was founded in 2001 and listed on the stock exchange in 2002 «= REpower is a recognised technology leader committed to improving its products and services Focused on the development, production, and installation of multi-megawatt wind turbines In August 2006 the f
Slide 24: REpower - Key Figures
REpower — Key Figures REpower (FYE Dec) 12M FY04 12M FYO5 9M FYO5 9M FYO6 Installed capacity (MW) 275 366 170 355 Total performance (€m) 301 335 295 297 % growth 1% 11% 40% 53% Operating result (€m) (4) (4) (13) 3 % margin -1% -1% -4% 1% Net income (€m) (10) (7) (8) i % margin -3% -2% -4% 0% Source:
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