Contents Contents

Introduction

Tea

Oil & Gas

Infrastructure

Financials

Conclusion
 Introduction
Assam Company India Limited (Assam Co.) - Over the years
Assam Co.
γ Assam Co. is currently engaged in Tea, Oil & Gas and Infrastructure
businesses.

1839
γ First Company to establish Tea Estates, brand Premium Tea, Founded as a first Tea
Export, establish Tea Seed Estates, Organic Tea Farm and transact Company in the world
Electronic Tea sales.

γ Oil was first discovered in India by Assam Railway & Trading

Company, an associate company of erstwhile Assam Co. 1892
Associate Company discovers
Oil in the North East India
γ Building SEZs in Hydrocarbon & Power Sector in a area spanning
over 1000 acres in the state of Gujarat.

γ Professional and experienced management engaged across all [year]

segments. Ventures to build up a SEZ in
Gujarat

3
 Company Background
Oil & Gas
Domestic Presence
Participating Interest in 3 Assets under
consortium with various partners in the
lucrative Assam-Arakan basin
Amguri, AA-ON/7 & AA-ONN/2005/1 in
partnership with Canoro Resources
Limited, ONGC & OIL.
Overseas Presence
17% stake in Austin Exploration Limited,
Australia
JV with DMS Exploration Services, LLC,
USA with exploration interests in
Australia and United States.
Tea
18 Tea Estates are being monitored
by 15 factories with a total of over
14000 hectares with cultivation in
over 8600 hectares.
Over 15 mn kgs of Quality Tea
produced in year 2009
In-house production and R&D
Division – currently in process of
extending the production cycle
Infrastructure
Developing Hydrocarbon & Power
sector specific SEZs in an area of
over 1000 acres in the State of
Gujarat
4
 Corporate Structure
Assam Company
India Limited

Tea Oil & Gas Infrastructure

Assam Oil Gujarat Hydrocarbons

Assam Estates Ltd (100%)
& Gas Ltd (100%) and Power SEZ Limited

Namburnadi Tea Duncan Macneill North East

Company Ltd (92.98%) Natural Resources Ltd Hydrocarbon Ltd (100%)
(100%)

Camellia Cha Bar Ltd

(100%) Austin Exploration
Limited (17%)

5
 Tea – Sector Perspective
1050 1023
999
1000 982 981

950 933
946
927
956
945 γ Declining production levels over the last
893
few years due to rain shortfall in Assam,
900 Sri Lanka and Kenya. Global Shortage of
850
Tea is likely in 2010
800
2004 2005 2006 2007 2008 γ Domestic Per capita consumption is
Demand Production expected to grow at 3% - 3.5% annually.
Black Tea Demand and Production in India (in Million Kgs) The increase in the domestic consumption
is expected to further widen the demand-
supply gap leading to firm Tea prices
Others China
29% 29%

γ Assam has witnessed less rainfall in

January 2010 and it might impact the
production of the high quality Tea in
February – March 2010
Kenya
9%

Sri Lanka India

8% 25%

Percentage of total Tea production 6

 Tea – Company Overview
γ Pioneer in producing quality Tea for almost two centuries
– First to produce Tea in the world, today it has over 14000 hectares
(over 8600 hectares under cultivation) under 18 Tea Estates in
Assam

γ One of the most reliable Tea exporters in India and exports about 17%
of its total production to major markets like Europe, Russia & Middle
East

γ Reliability in terms of quality and commitment to on-time performance

over the years have associated Assam with various esteemed clients
– The Company’s client portfolio includes name as – R. Twinings,
Taylors of Harrogate, Tetley GB Ltd, Gebrender Hollenhampt
(GMBH) and Ahmad Tea Ltd.

γ Recognized for its quality of Tea, stringent operational norms and

premium welfare of human resources

γ Supplier of choices to almost all the major Tea blenders in the country

7
 Tea – Operational Details
Key Figures (2009) Destination wise break up of exports
(01.01.09 to 31.12.09)
Total Production: 15 Million Kgs
Country L/Kgs Value (Lac Rs)
Gross Margin on Tea sales: 37% GERMANY 0.81 213.22
Average selling price: Rs 133 per kg NETHERLANDS 1.1 315.03

(domestic & export market) UNITED KINGDOM 17.15 2616.59

UNITED STATES OF
Export Sales quantity: 39 Lac Kgs AMERICA 1.41 172.57
Domestic Sales quantity: 116 Lac Kgs JAPAN 0.01 2.4
IRAN 11.27 1987.05
SAUDI ARABIA 1.2 178.2
SRI LANKA 5.85 865.73
Total 38.79 6350.79

γ Current year realization over Rs 150 per kg

– trend likely to remain firm in foreseeable future
γ Optimal mix of exports and domestic sales & auctions to maximize realization
γ Sales mix varies Year – to – Year depending on the market situation

8
 Tea – Strategy
Production Increase
γ Strategic acquisition of available Tea factories to enhance production levels at minimum cost
– Look-out for acquisition of domestic / international Tea plantations
γ Improvement in process through in-house R&D facilities – Attempts to implement a 12-month
production cycle as opposed to the current 9-month production cycle
Yield Improvement
γ Plantation of new clones in vacant patches in hectares under cultivation to improve yield per hectare
γ Re-plantation of field with selection of highest quality clones and most advanced available technology
to improve productivity.
γ Constant endeavor to improve productivity without compromising quality – Better age profile of bushes
by re-plantation and usage of high quality agri-inputs (EU / International norms)
Quality Management
γ Implement agreed utilization of pesticides & other fertilizers for quality assurance – Follows EU /
International norms
γ Pursue conventionally most proven processes to produce superior quality of tea
Market Development
γ Direct Exports to discerning international markets
γ Strong relationships with global bidders and tea marketers
9
 Oil & Gas – Overview

γ Upstream presence in Oil & Gas through

participating interest in various blocks.
– 3 major blocks namely Amguri, AA-ON/7
& AA-ONN/2005/1 located in the state of
Assam, India

γ Strong partnership with pioneers of Oil & Gas

– Canoro Resources Limited, Canada
(listed on Toronto Stock Exchange)
– Oil & Natural Gas Corporation Limited
(ONGC)
– Oil India Limited (OIL)

γ 17% Shareholding in Austin Exploration

Limited (AEL)
– AEL operates in 5 E&P Prospects in Texas,
U.S.A. and 2 E&P Prospects in South
Australia

γ Gas based power plant prospects to be

materialized

10
 Oil & Gas – Blocks
Amguri Block
Production sharing contract with
Resource Estimates as per Sproule Report (2P)
Canoro Resources Limited, Canada Area: 52.75 sq. km (approx)
Assam Co. – 40% High Low Best
Canoro Resources Ltd – 60% Oil 80 mmbbl 20 mmbbl 46 mmbbl
Gas 237 bcf 107 bcf 167 bcf

Current Status:
γ The consortium gets premium US$ 4-5 per barrel over Bonny Light Crude due to its
superior quality of the oil
γ 5 Appraisal wells drilled, 3 wells under production and high success rate
γ 3 producers of Oil & Gas and 1 producer of Gas producing 500 BOE/ D & 1.5 MCM
γ Appraisal drilling in progress on the results of 3D seismic
γ Gas Re-injection Plant is currently under implementation; process completion is
expected by June 2010; following which production is likely to enhance significantly

Future Plan:
γ 10 more wells are being firmed up during next three years and of which 2 appraisal
wells are being planned in 2010-11 and first part of 2011-12
11
 Oil & Gas – Blocks

Production Sharing Contracts

AA – ON / 7 AA-ONN/2005/1
Assam Co. – 35% Assam Co. – 10%
Canoro Resources Limited – 65% ONGC – 60% & Oil India Limited – 30%

Resource Estimates as per Sproule Report (2P): Resources:

Area: 319 sq. kms To be ascertained
High Low Best
Oil 98 mmbbl 35 mmbbl 80 mmbbl Current Status:
Gas 897 bcf 121 bcf 617 bcf Exploration work is to start, awaiting
PEL from the Assam Government.
Current Status:
Considering drilling work programme, a separate
Rig has been deployed by the Consortium.

12
 Infrastructure
γ Developing Hydrocarbon & Power sector specific SEZs in over 1000
acres in Vilayat, Near Dahej, in the state of Gujarat, India

γ Formed a 100 % owned SPV (Special Purpose Vehicle) by the name of

Gujarat Hydrocarbons and Power SEZ Limited (GHPSL), formerly
known as Gujarat Hydrocarbon & Energy SEZ Ltd

Current Status:

γ Physical possession of around 700 acres of land had been taken. Rest of the land is
under acquisition and same will be completed soon.
γ Considering the option for setting up a dedicated jetty in Dahej to cater the need of
proposed unit in the SEZ.  The Company has approached authorities in Gujarat to
allocate the site for the jetty in Dahej.
γ Currently negotiating terms with various large Multi National Companies for an Anchor
Tenant.

13
 Key Financials
All figures in Rs. million
1,939 270 276
2000 1,740 280
1,532
1,388 1,350 210
1500
153
1000 140 100 114

500 70

0 0
CY 2005 CY 2006 CY 2007 CY 2008 CY 9M CY 2005 CY 2006 CY 2007 CY 2008 CY 9M
2009 2009
Net Sales EBIDTA

200 183

150 CAGR (5 years)

102
100 86
75 Net Sales Over 10%
50 34
PAT Over 48%
0
CY 2005 CY 2006 CY 2007 CY 2008 CY 9M
2009
Profit After Tax 14
 Conclusion
Continued
Tea Cash flows & growth

Strong
Oil & Gas Scalability & Rewards

Significant
Infrastructure Asset Value & Annuity Returns

Extremely well placed to Oil & Gas exploration is Infrastructure section is likely to
further enhance its position in expected to soon yield rich witness considerable momentum
the Tea segment dividends in CY2010

15
For further information / queries, please contact:

Sumit Kumar Khetan Anoop Poojari / Parveen Goyal

Assam Company India Limited Citigate Dewe Rogerson
Phone: +91 33 2283 8306/ 09/ 12 Phone: +91 4007 5006 / 31
Email: sumit@assamco.com Email: anoop@cdr-india.com
parveen@cdr-india.com