Cummins India Ltd. — AGM Information 2022

Aug 10, 2022

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Ref: STEX/SECT/2022

August 10, 2022

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

Subject: Intimation of presentation given by the Managing Director at the 61[st] Annual General Meeting of the Members of Cummins India Limited (‘Company').

Dear Sir/ Madam,

With reference to our intimation dated July 16, 2022 towards 61[st] Annual General Meeting, we are enclosing for your records copy of presentation made by the Managing Director to the members at the Annual General Meeting of the Company held on August 10, 2022.

Kindly take this intimation on your record.

Thanking you,

Yours faithfully, For Cummins India Limited

VINAYA Digitally signed by VINAYA ABHIJIT ABHIJIT JOSHI Date: 2022.08.10 JOSHI 16:14:31 +05'30' Vinaya A. Joshi Company Secretary & Compliance Officer 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@cummins.com

CIN : L29112PN1962PLC012276

CUMMINS INDIA LIMITED (CIL) 61[st] ANNUAL GENERAL MEETING

Ashwath Ram Managing Director, Cummins India Limited August 10, 2022

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Agenda

Cummins Inc. CEO Transition update and Q2, 2022 Financial Performance Cummins India Limited (CIL) – 60 Years Legacy and our Top Priorities

CIL FY2021-22 Financial Performance Highlights

Trends, CIL Growth Strategy and Destination Zero

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C U M M I N S I N C .

MEET OUR NEW GLOBAL CEO

Effective August 1, 2022, Jennifer Rumsey, President and COO, has been promoted to President and CEO of Cummins Inc. She is the seventh CEO and first woman to lead the company since it was founded in 1919.

Tom Linebarger has ended his term as CEO, now serving as the Chairman of the Board and Executive Chairman.

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revenue : $6.6 billion

EBITDA* : $1.0 billion, 15.7% of sales

Sales increased 8% from Q2’21

Compared to $974 million, 15.9% of sales

Cummins Inc. Q2 2022 performance

*EBITDA is earnings before interest, taxes, depreciation and amortization, and excludes costs related to the indefinite suspension of operations in Russia. EBITDA also excludes costs of $29 million related to preparations for the separation of the Filtration business.

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60 YEARS LEGACY & TOP PRIORITIES

CUMMINS INDIA LIMITED

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C U M M I N S I N D I A L I M I T E D

A legacy of 60 years..

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Cummins completes 60 years in India!

2022

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C U M M I N S I N D I A L I M I T E D

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TOP THREE PRIORITIES

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Financial Performance CIL FY 2021-22

Revenue : ₹ 6,026 Cr

Profit before Interest Tax : ₹ 1,171 Cr

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Cash generated from operations: ₹ 707 Cr

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Dividend : 925%

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C U M M I N S I N D I A L I M I T E D

REVENUE AND PBIT TREND

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Revenue CAGR: 9%
6,500 1,200
1,150
6,000
1,100
5,500
1,038
1,050
5,000
1,000
4,500 950
900
4,000
824 850
3,500 799
800
3,000
750
5,062 4,256 6,026
2,500 700
FY 2020 FY 2021 FY 2022
Revenue PBIT Figures are in ₹ Crores
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Sales:

• FY 2020 and FY 2021 significantly impacted due to pandemic

• FY 2022 recorded highest Powergen, Distribution and CIL annual sales

PBIT: Higher profits on account of better leverage and focused efforts in cost management despite commodity cost increase

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C U M M I N S I N D I A L I M I T E D

DOMESTIC VS EXPORTS TREND

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Domestic CAGR
8.2%
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Exports CAGR
11.7%
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6,026
30% 1,610
5,062
26%
30%
1,291 26%
4,256
CAGR: 9.1% 32% 32% 27%
70% 74%1,153 4,416 27%
3,771
73%
3,103
68% 68% 70% 74% 73%
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FY 2020 FY 2021 FY 2022
Domestic Export Total
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Figures are in ₹ Crores

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C U M M I N S I N D I A L I M I T E D

DIVIDEND TREND

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600 1000%
550 950%
925%
900%
500
850%
450
800%
400
750% 750%
350 700%
513 700%
300
416 650%
388
250
600%
200 550%
150 500%
FY 2020 FY 2021 FY 2022
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Figures are in ₹ Crores

FY	FY2020	FY 2021	FY 2022
Dividend Payout% (as a % of Profit after Tax)	68%	67%	*68%

• Exceptional Item has been excluded from Profit after Tax for computation of Dividend Payout %

Excluding Dividend Distribution tax

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LO O KI NG I NTO T H E FU T U RE TRENDS, CIL GROWTH STRATEGY AND DESTINATON ZERO

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I N D U ST RY a n d E C O N O M Y

KEY TRENDS

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Stringent Emission norms Impetus on Infrastructure development Push for Domestic Manufacturing

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Alternate Fuels

Rail Electrification

Favorable Policies

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C U M M I N S I N D I A L I M I T E D

GROWTH STRATEGY

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Profitable growth
OEM Beyond engines Rail Alternate and Exports After-market
penetration electrification Renewal
Hydrogen
Beyond engine Rail Sources
(incl. fuel
(PSBU, EBU & components electrification
Supply Chain) cells)
Material Footprint
Value selling Cost variabalisation
efficiency optimization
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Right talent
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Robust supply chain
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Technology enabled
growth
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Growth mindset
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Inclusion & diversity
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Accelerated Cost
Efficiency (ACE)
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Compliance to HSE, Quality & Accounts
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Destination Zero

Cummins Inc. has launched Destination Zero, as a company wide strategy to achieve zero emissions by reducing greenhouse gas (GHG) emissions and supporting the transition to decarbonized power. CIL is committed to support Cummins Inc. in this journey of achieving Zero Emissions for a cleaner and greener planet.

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Lower Reduce well-to- Drive wide-scale Achieve zero
emissions today wheels emissions customer adoption emissions by 2050
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C U M M I N S I N D I A L I M I T E D

SHARP FOCUS ON THE FUTURE TO TAKE FORWARD OUR LEGACY OF TECHNOLOGY LEADERSHIP, INNOVATION AND DEPENDABILITY

60-YEAR HISTORY OF INNOVATION	GLOBAL FOOTPRINT	EXPERIENCEYOU CAN DEPEND ON	ENGINEERED FOR THE CUSTOMER
SERVICEAND SUPPORT	DIGITAL SOLUTIONS	DIVERSITY, EQUITY & INCLUSION	POWERING A SUSTAINABLE FUTURE

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THANK YOU

PUBLIC

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