Cummins India Ltd. — AGM Information 2019

Aug 8, 2019

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Ref: STEX/SECT/2019

August 08, 2019

The Relationship Manager, National Stock Exchange of India Limited DCS-CRD Exchange Plaza, 5[th] Floor, BSE Limited, Plot No. C/1, G Block, Phiroze Jeejeebhoy Towers, Bandra – Kurla Complex, Dalal Street, Fort, Bandra (East), Mumbai 400 001 Mumbai 400 051 BSE Scrip Code: 500480 NSE Symbol: CUMMINSIND

58[th] Annual General Meeting (‘AGM’) on August 07, 2019.

Dear Sir/ Madam,

With reference to our intimation dated July 11, 2019 towards Annual General Meeting, we are enclosing for your records a copy of the presentation made by the Managing Director to the Members at 58[th] AGM held on Wednesday August 07, 2019.

Kindly take this submission on your record.

Thanking you,

Yours faithfully, For Cummins India Limited

Digitally signed by HEMIKSHA HEMIKSHA BHOJWANI BHOJWANI Date: 2019.08.08 15:12:15 +05'30'

Hemiksha Bhojwani Company Secretary & Compliance Officer ICSI Membership Number: ACS22170

Encl.: As above.

(This letter is digitally signed)

Cummins India Limited Registered Office Cummins India Office Campus Tower A, 5[th] Floor, Survey No. 21, Balewadi Pune 411 045 Maharashtra, India Phone +91 20 67067000 Fax +91 20 67067015 cumminsindia.com cil.investors@notes.cummins.com

CIN : L29112PN1962PLC012276

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58[th] Annual General Meeting 2019 Sandeep Sinha Managing Director Cummins India August 7, 2019

Public

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CUMMINS CELEBRATES CENTENNIAL

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4

Cummins Inc. Growth Trend

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Cummins
Cummins Inc. Growth Trend
25
23.8 Inc.
20.4
20 19.2 19.1 reported
17.5 record
15
2018
10
revenue
3.5
5 3.0 and EBITDA
2.5 2.4
2.0
in its 100 [th]
0
2014 2015 2016 2017 2018 year
Revenue ($ Billion) EBITDA
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Cummins India Ltd. –

Powering a more prosperous India for 6 decades

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India Leadership Team

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Sandeep Sinha Managing Director – India ABO

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Mandar Deo Power Systems

Sowmya Chaturvedi Supply Chain

Aditi Sharma Quality, NRPO, HSE & Manufacturing

Anjali Pandey Components Business

Ashwath Ram Engine Business

Shveta Arya Distribution Business & Interim Strategy Leader

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Anubhav Kapoor Legal & Secretarial

Nagarajan Balanaga Human Resources

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Marsha Naik Executive Assistant

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Rajiv Batra Amit Kumar TBD (Interim- Binu John) Mark Firth Finance Chief of Staff, Information Technology Engineering GIS and GR Communications & CR

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Domestic vs Exports Trend

₹ Cr

CAGR since FY 2015

Overall: 6%

Net Sales

₹ 5,526 Cr

Profit before Free Cash Interest Tax Flow ₹ 1,047 Cr ₹ 784 Cr

Dividend 850%

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5,526
4,958 4,952
4,588
4,321
1,652
1,611 1,574
1,663
1,722
(1)%
3,873
2,925 3,348 3,378 10%
2,599
FY 2015 FY 2016 FY 2017 FY 2018 FY 2019
Domestic Export
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₹ Cr

Dividend Trend

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1000%
850%
500
750% 800%
700% 700% 700%
400
600%
300
400%
471
416
200
388 388 388 200%
100
0%
- -200%
FY 2015 FY 2016 FY 2017 FY 2018 FY 2019
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* Excluding Dividend Distribution tax

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CIL Share Price Performance

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200%
150%
100%
50%
0%
Mar-10 Mar-11 Mar-12 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19
-50%
Cummins India Limited Sensex
CIL Share Price 367 489 495 499 597 881 842 912 700 745
Return over Mar-10
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CAGR(FY10-19)
CIL: 8%
Sensex: 9%
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CIL TSR since inception: 21% CAGR

₹ 100 invested in CIL in 1965 would give ₹ 25.2 Lakhs in Mar-19

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Cummins India Limited

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Kothrud Plant Parts Distribution Center , Phaltan HHP Rebuild Center Power Generation Plant SEZ, Phaltan Power Systems Plant , Pirangut
1962 2010 2011 2014 2018
A journey of profitable growth
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People

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3,730+ employees
across India
24% gender
diversity
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Growth Market Leadership
Turnover ( ₹ Cr.)
8 out of 10 excavators
6,000 5,526
3,899
4,000 2,845
9 out of 10 rail engines
2,000
0
2010 2014 2018
4 out of 10 gensets
Revenue (₹ Cr.)
10 out of 10 water rigs
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Distribution Network

25

450

Dealerships

Service touchpoints

200+

5000+

Branch Engineers & Offices Technicians DBU in India covers lifecycle management for ▪ 5,25,000+ engines ▪ Across 2,00,000 customers in off-highway segments

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Cummins India Foundation – Corporate Responsibility 2018

Powering Prosperous communities

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97% employees completed EEEC hours

52,000 of EEEC hours utilized in CR projects

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People Positively Impacted
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and counting

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1,60,000+ 14,000+ Million
Trees Sustained. gallons water harvested
4.3 million students reached 5,500+ clean cook
Pithampur
through Coach them Young stoves
Jamshedpur
Dewas
Pune
Clean Air Delhi – Equivalent of Phaltan 32 Model Villages
Task Force Reports 19,000+MT of carbon sustained,1 Village in
released, Pilot launched footprint avoided Partnership with NABARD
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2 National level wards -
Golden Peacock CSR Award 2018
CII Sustainability Award 2018
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1,339 students awarded Cummins Scholarship

Clean Air Delhi – Equivalent of Task Force Reports 19,000+MT of carbon released, Pilot launched footprint avoided in Punjab

Monsoon Resilient Maharashtra:

Water conservation across 22,000+ hectares making 31,000+ residents water secure

2 TEC sites - SMAK Kolhapur ranked #1 in Maharashtra By CRISIL

9,000+ women Engineers graduated from CCEW Pune & Nagpur. CERIE Innovation Lab set up with DST

Income Generation Program for 275+ Women

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Pirangut Power Systems Plant

2018 Achievements

• Results - Best in the history of the Company (in growth,

• market share and profitability)

• New Facilities- Power Systems plant at Pirangut

▪ Products Launched-

• 35 kVA, 625 kVA, 910 kVA diesel gensets

• Power Command Cloud – Real time remote

  • monitoring app

• Service

• 24 X 7 Cummins Care , Parts on Wheels, Field

Service Management Application

• ‘

• ▪ Cummins Powers Women’ CR initiative launched

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Parts on Wheels
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Cummins College participates in SAE BAJA, USA
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‘Cummins Powers Women’ launched
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Public
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CIL Growth Strategy

CORE CAPABILITIES Technology Leadership Industrial Scale Advantage Distribution Network Export Partnerships & Customers

Power Industrial Generation Distribution Export

GROWTH PLATFORMS

Core New Telematics Market Share Growth Electrification Content Growth Renewables Alternate Fuels New Products Advanced Analytics

CONTINUOUS IMPROVEMENT INITIATIVES (ACE, AMaZe, aSCent)

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How we have performed Q1 2019-20

▪ Revenue

▪ Profitability ▪ Cash Flow

Net Sales

₹ 1,316 Cr

Profit before Free Cash Interest Tax Flow

₹ 199 Cr

₹ 286 Cr

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Financial Guidance

DOMESTIC Over a cycle of 5 Years

9-11%

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EXPORTS Over a cycle of 5 Years

0-5 %

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Q+A

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