Cummins India Ltd. — AGM Information 2024

Aug 7, 2024

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Ref: STEX/SECT/2024

August 07, 2024

National Stock Exchange of India Limited, BSE Limited, Exchange Plaza, 5[th] 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: Presentation given by Managing Director at the 63[rd] Annual General Meeting of the Members of Cummins India Limited (‘Company')

Dear Sir/ Madam,

We are enclosing copy of presentation made by Mr. Ashwath Ram, Managing Director of the Company to the members at the 63[rd] Annual General Meeting of the Company held on August 07, 2024.

Kindly take this intimation on your record.

Thanking you,

Yours faithfully, For Cummins India Limited

Vinaya Digitally signed by Vinaya Abhijit Joshi Date: 2024.08.07 Abhijit Joshi 16:48:24 +05'30' Vinaya A. Joshi Company Secretary & Compliance Officer Membership No.: A25096 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

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August 7, 2024

CUMMINS INDIA LIMITED 63[rd] ANNUAL GENERAL MEETING

Ashwath Ram Managing Director, Cummins India Limited

Public

AGENDA

Cummins Inc. – Q2 2024 Financial performance

Cummins India Limited (CIL) – Our Story and Commitment to ‘Power Progress Possibilities’

CIL – Business Highlights, Awards and FY2023-24 Financial Performance

CIL Growth Strategy

CIL – Business Responsibility and Sustainability Report Highlights 2023-24

Thank You for your trust in CIL

C U M M I N S I N C . FINANCIAL PERFORMANCE

Revenue : $8.8 billion

Increased 2% from Q2’23

EBITDA* : $1.3 billion, 15.3% of sales Compared to $1.3 billion, 15.1% of sales in Q2’23

Cummins Inc. Q2 2024 performance

Q2 2024 CMI EARNINGS CONFERENCE CALL

was held on August 1, 2024 – 7.30 P.M. IST

*EBITDA is earnings before interest, taxes, depreciation and amortization, and EBITDA: Q2 2024 included costs related to the separation of Atmus of $23 million, or $0.13 per diluted share.

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CUMMINS INDIA LIMITED

C O M M I T T E D T O P O W E R , P R O G R E S S , P O S S I B I L I T I E S

OUR MISSION OUR VISION OUR VALUES Making people’s lives Integrity, Innovating for our better by powering a customers to power more prosperous Excellence, their success world Caring and Teamwork BRAND PROMISE

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

POWER, PROGRESS, POSSIBILITIES.

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Public
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C U M M I N S I N D I A L I M I T E D FY 2023-24 KEY BUSINESS HIGHLIGHTS

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Launched full range of CPCBIV+
Strong presence in end markets like
compliant power solutions and
Railways , Defence, Marine, Mining
26,000+
installed and commissioned 2000+
and more
units generator sets delivered
Launched Ashwasan IV+, Data
Developing the next-generation
Automated Teller Ultimate Record revenue driven by
diesel engine based on a fuel-
Machine (DATUM), OPTIMUS, and Powergen Domestic and Off-
agnostic platform , promising
'MITWA Mechanics Loyalty Highway Construction segment
superior power density and efficiency
Program'
For Construction Equipment Vehicle (CEV)
applications Public 7
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C U M M I N S I N D I A L I M I T E D

POWERING PROGRESS, PROTECTING THE PLANET

BUSINESS RESPONSIBILITY AND SUSTAINABILITY REPORT HIGHLIGHTS FY 2023-24

Environmental Social Governance + 100% 340,000 55.56% Waste Recycling with people benefitted women representation no landfill waste through 10 Corporate in our Board of Responsibility Directors Zero Liquid projects

women representation in our Board of Directors

Zero Liquid Discharge* by reusing all treated wastewater on-site

+ 2,000 Women provided entrepreneurship Training under UDGAM

60.78 lakh kWh electricity generated by on-site solar installations

Cummins’ 10 Ethical Principles guide every aspect of our work

Phaltan’s Swachh Sarvekshan ranking soaring from 264 to 29

1250 Million gallons of water conserved

*Only operational at Cummins Kothrud Engine Plant

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

FY 2023-24 AWARDS AND RECOGNITIONS

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‘Excellence in Environment Management’ award at the CII-ITC Sustainability Awards 2022

'Excellence in Quality' award in the Large Enterprises category at the Annual Manufacturing Today India Conference and Awards 2023

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Functional Champion award for 'Best Supply Chain Design and Integrated Business Planning’ at the India Supply Chain & Logistics Awards 2023

Golden Peacock Occupational Health and Safety Award 2023 in the engineering sector

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Public

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C U M M I N S I N D I A L I M I T E D FINANCIAL PERFORMANCE FY 2023-24

Revenue ₹ 8,816 Cr

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Profit before Interest Tax ₹ 2,172 Cr

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Cash generated from operations ₹ 1,280 Cr

Dividend

1,900%

C U M M I N S I N D I A L I M I T E D REVENUE AND PBIT TREND

Revenue CAGR: 21%

Figures are in ₹ Crores

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8,500 2,500
7,500
2,172
2,000
6,500
1,522
5,500
1,500
4,500
3,500 1,038
1,000
2,500
1,500 500
500 6,026 7,612 8,816
-500 FY 2022 FY 2023 FY 2024 -
Revenue PBIT
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Sales: FY 2024 recorded highest revenue third year in a row aided by strong domestic demand across various market segments PBIT: : FY 2024 recorded highest PBIT at 24.6% driven by proactive measures by the Company on managing costs and improving profitability

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

DOMESTIC VS EXPORTS TREND

Figures are in ₹ Crores

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Domestic CAGR Exports CAGR
27% 1.9%
8,816
CAGR: 21%
1,673
7,612
2,050
6,026 26% 7,143
1,610
5,562
4,416
68% 74%
FY 2022 FY 2023 FY 2024
Domestic Export Total
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Figures are in ₹ Crores

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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1,200 2000%
1900%
1800%
1,000
1600%
1400%
800
1250%
1200%
600 1000%
925%
1,053
800%
400
693 600%
513 400%
200
200%
- 0%
FY 2022 FY 2023 FY 2024
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Excluding Dividend Distribution tax

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

GROWTH STRATEGY

	Value selling Right talent Robust Integrated Supply chain Technology enabled growth Growth mindset Diversity, Equity & Inclusion Cummins leadership behaviors Cost variabalisation Footprint optimization Material efficiency Grow the Power-gen core Grow the Industrial core After-market India for the Globe Hydrogen (e.g., Rail fuel cells) BESS, Electrification solutions (e.g., Rail, Mining, grid storage) H2
	Compliance to HSE, Quality & Accounts

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

WE WILL CONTINUE TO LIVE OUR VALUES AND DELIVER ON OUR BRAND PROMISE OF INNOVATION AND DEPENDABILITY

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60+ YEARS OF INNOVATION

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GLOBAL FOOTPRINT

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EXPERIENCE YOU CAN DEPEND ON

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ENGINEERED FOR THE CUSTOMER

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SERVICE DIGITAL AND SOLUTIONS SUPPORT

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DIVERSITY, EQUITY & INCLUSION

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POWERING A SUSTAINABLE FUTURE

Public

THANK YOU FOR YOUR TRUST AND PARTNERSHIP

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