Saint Petersburg, 21st – 23rd June, 2012

INTELLIGENT MINE -

The Future of Mining

VIST Mining Technology

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2 INTELLIGENT MINE

Development of the First Robotized Minein Russia

MISSION

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VALUE FOR CUSTOMERS

Increasing of mine fleet productivity by 15-20%

Allows to operate mining works at harsh climatic conditions and remote regions

Solve problem with the lack of labor in mining regions

Allows to decrease operation cost

INTELLIGENT MINE

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Robotized mining equipment

- Trucks- Excavators- Loaders- Dozers

Control Center

Wireless system High Precision Navigation

KEY DEVELOPMENTS

INTELLIGENT MINE

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WHAT IS DONE

Mine fleet management system VG Karier is implemented on the key mining enterprises in Russia and CIS

2010. Remote managed robotized mining truck based on BelAZ 75137 was successfully shown at Belaz Autoworks

On-board electronic systems developing for mining trucks BelAZ and OMZ mining excavators

2011 Intelligent mine section at Russian Academy of Sciences is established

INTELLIGENT MINE

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WORLD EXPERIENCE – GROWTH OF THE MARKET

Rio Tinto (mines in Pilbara, Australia), Komatsu project2009-2012 – 2 robotized mines

Autonomous Mining System (Alberta Mining Corporation), Canada – Caterpillar project 2011-2015 - 8 robotized mines

Codelco, Chile –Komatsu project2009-2011 - 1 robotized mine

WORLD EXPERIENCE1 project is done2 projects are developing

INTELLIGENT MINE

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Universal system – can be used in mining enterprises with every type of mining equipment

Does not depend on type of used mining equipment (most of mining enterprises use combined mining equipment from different suppliers)

Lower price of the System (30-40%)

COMPETITIVE ADVANTAGES

INTELLIGENT MINE

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World Russia + CIS

Stage Grouping Grouping

Volume $ 5 bln. $ 900 mln.

Growth rate 70% 50%

Competitors level medium Very low

Number of competitors 5 3

Market Share 15-20% 80-90%

MARKET

INTELLIGENT MINE

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2 MARKET

POTENTIAL CLIENTS

Existing client of parent company (> 50 mining holdings)

Mining enterprises operating at harsh climatic conditions and remote regions

Military and emergency applications

World mining enterprises (Africa, Asia, Australia, South America)

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2 BUSINESS MODEL

5%

72%

20%3%

PROJECT

SALES AND DEPLOYMENT

SERVICE

AUDIT

STRUCTURE

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Collision avoidance system

Robotized dump trucks

Remote management mining equipment

Systems of control and mineral quality management

Drill management systems

Integrated system of industrial safety and risk control

TODAY customers request and ready to buy parts of INTELLIGENT MINE system

BUSINESS MODEL

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2 VIST MINING TECHNOLOGY

KEY FACTS

100% subsidiary of VIST Group – the leader in development and deployment of Mine Fleet Management Systems in Russia and CIS > 50 employees in R&D department

> 20 years in mining industry

IPO plans on MICEX –

4th Quarter 2012. Most part of money will invest into developing and promoting Intelligent Mine

Government Award in field of Science and Technology

Approved by ROSTEHNADZOR (officials)

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2012-2014 - $27-30 mln40-50 % - self investments

INVESTMENT PROGRAM

Targets mln

Intelligent Mine Project $ 15

M&A $ 6

Product Development $ 5

Regional Development $ 2

Social Programs (educational, grants, scholarship etc.) $ 1

48%

23%

18%

7%3%

РАЗРАБОТКА ИНТЕЛЛЕКТУАЛЬНОГО КАРЬЕРА

M&A

РАЗВИТИЕ ПРОДУКТОВ

РЕГИОНАЛЬНОЕ РАЗВИТИЕ

ОБРАЗОВАТЕЛЬНАЯ ПРОГРАММА

Intelligent Mine Project

M&A

Product Development

Regional Development

Social Programs (educational, grants, scholarship etc.)

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2 FINANCE PLAN

Growth in 2012-2015 provides by:

Number of Deployments

Average price increasing

Increasing of products supply to manufacturers of mining equipment

Diversification of solutions for mining

Income from Service and maintenance for customers

Diversification

CAGR 2012-15 years.:

Revenue + 29%EBITDA + 32%

Net income + 32%*Excluding Intelligent Mine NPV

118 140201

272149 177

253342

714

926

1 236

1 541

20,90%19,08%

20,48%

22,16%

0%

5%

10%

15%

20%

25%

30%

0

200

400

600

800

1000

1200

1400

1600

1800

2012О 2013П 2014П 2015П

ЧИСТАЯ ПРИБЫЛЬ EBITDA

ВЫРУЧКА НОРМА EBITDA

Growth rate*, mln RUR.

Growth rate

Net ProfitRevenue

EBITDAEBITDA Rate

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TEAM

Dmitry Vladimirov

CEOAwarded by Russian Government Price in field of Science and TechnologyCo-Founder of VIST Group In business since 1988

Nikolay Odintsev

CTO, Phd, Awarded by Russian Government Price in field of Science and TechnologyIn company since 1997

VIST MINING TECHNOLOGY

Alexey Klebanov

Mining Technology DirectorPhdAwarded by Russian Government Price in field of Science and TechnologyCo-Founder of VIST Group In business since 1988

Kliment Nikolaevich Trubetskoy

Science consultant and leader, Phd, Academician, Awarded by Russian Government Price in field of Science and Technology,Member of RAC, Director of IPKON RAC

Dmitry Klebanov

Business Development Director

In company since 2009

Mikhail Makeev

Project Director

In company since 2006

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KEY PARTNERS OF THE PROJECT

VIST MINING TECHNOLOGY

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2 CLIENTS

ALL MAJOR MINING HOLDINGS IN RUSSIA AND CIS

More then 50 companies in 4 countries use our systemsOur on-board equipment supplied to Indonesia, China, Latin America and other mining regions

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2 THANK YOU!

VIST Mining Technology107078, Moscow, Dokuchaev per., h.3,/1

tel: (499) 975-3394, 975-2217, 975-2047, 975-3669

Fax: (499) 975-1846www.vistgroup.ru

Dmitry.klebanov@vistgroup.ru