1. Tricorn Group Plc Interim Results Presentation December 2011

2. Agenda Introduction Highlights Financial Review Business Review Outlook 2

3. Introduction Global Tubular Solutions Energy & UtilitiesTransportationAerospace 3

4. Introduction Supply major global blue chip OEMs –International demand drives order book- around 2/3 of product ultimately destined for overseas –Markets include power generation, oil & gas, mining, construction, water, aerospace –High proportion of recurring revenue. Focus on creating embedded value –Developing collaborative relationships –Operational excellence –Low cost sourcing –Delivering competitive advantage 4

5. Highlights Fourth consecutive period of growth Revenue up 23%, operating profit margin* up 24% and PBT* up 61% when compared to H1 2010 Group benefiting from –Exposure to world markets –Strengthened key account management –Investment in facilities –Improving operational performance Resolutely focused on delivering excellence Encouraged by new business secured and opportunities being progressed Interim dividend declared 5 * - References to Operating Profit, Operating Profit Margin, PBT and Adjusted EPS are before intangible asset amortisation, share based payment charge and interest rate swap valuation

6. 6 Financial Review

7. 7 Financial Review- Overview H1 2011/12 £’000 H1 2010/11 £’000 Change Revenue12,42010,09023% Operating profit78551951% Operating profit margin %6.3%5.1%24% Profit before tax72244961% Adjusted EPS1.66p1.06p57% Dividend0.07p-n/a Cash and equiv2,0611,31457% Net cash/(Debt)72(551)n/a Headcount33829315%

8. 8 Financial Review - Headlines £449k£617k 1.06p1.51p£1.3m£1.6m

9. 9 Financial Strength Fourth consecutive period of half yearly growth in both turnover and PBT Further increase in cash & equivalents to £2.1m Group now in a net cash position (£72k at 30 Sept 2011) Term loan of £250k repaid early and in full in October 2011 Investments made in capital equipment yielding benefits Interim dividend declared of 0.07p per share

10. Business Review 10

11. Energy & Utilities Division Sales up 27% on H1 2010/11 EBITA up 25% Investment in facilities has extended capability and capacity New business secured in excess of £1.5m Additional prospects being progressed Further opportunities to improve operational efficiencies through H2 £’000H1 2011/12 H1 2010/11 Sales5,5214,351 EBITA455363 EBITA %8.28.3 11

12. Transportation Division Sales up 32% on H1 2010/11 EBITA up 53% Close working with customers to support launch of latest low emissions engines Significant opportunities for growth Strengthening customer relationships 12 £’000H1 2011/12 H1 2010/11 Sales4,3323,282 EBITA366240 EBITA %8.47.3

13. Aerospace Division Sales up 4.5% on H1 2010/11 EBITA up 79% Operational improvements started to positively impact in latter part of H1 Long term business secured Growth prospects in sector encouraging 13 £’000H1 2011/12 H1 2010/11 Sales2,5672,457 EBITA(33)(158) EBITA %--

14. Outlook 14

15. Outlook Benefiting from exposure to global markets Encouraged by progress made Strong balance sheet Significant opportunities for growth Confident of meeting market expectations 15