#1Cummins Ref: STEX/SECT/2022 August 10, 2022 The Relationship Manager, DCS-CRD BSE Limited (BSE), Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai 400 001 BSE Scrip Code: 500480 National Stock Exchange of India Limited (NSE), Exchange Plaza, 5th Floor, Plot No. C/1, G Block, Bandra Kurla Complex, = Bandra (East), Mumbai 400 051 NSE Symbol: CUMMINSIND Subject: Intimation of presentation given by the Managing Director at the 61st Annual General Meeting of the Members of Cummins India Limited ('Company'). Dear Sir/Madam, With reference to our intimation dated July 16, 2022 towards 61st 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 ABHIJIT JOSHI Digitally signed by VINAYA ABHIJIT JOSHI Date: 2022.08.10 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, 5th Floor, Survey No. 21, Balewadi Pune 411 045 Maharashtra, India Phone +91 20 67067000 Fax +91 20 67067015 cumminsindia.com [email protected] CIN L29112PN1962PLC012276#2H₂ CUMMINS INDIA LIMITED (CIL) 61st ANNUAL GENERAL MEETING Ashwath Ram Managing Director, Cummins India Limited August 10, 2022 POWERING INDIA FOR 60 YEARS WITH INNOVATION AND DEPENDABILITY Cummins R RLD Public H Cummins#3Agenda 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 Cummins 2#4CUMMINS INC. 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. uullis Cummins 3#5revenue: $6.6 billion Sales increased 8% from Q2'21 EBITDA*: $1.0 billion, 15.7% of sales 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. Cummins 4#6DEMNIC Joe ANSYS MN ANSYS WSYS GENUINE PARTS GENUINE PARTS CHATIC MATIC SYS बढो बेफ़िकर Welcome to Cummins India COVID-19 vaccination drive Regis tion Desk Stay Protect Cummin 2 your se han nitize Cummins Vaccine 40-19 60 YEARS LEGACY & TOP PRIORITIES CUMMINS INDIA LIMITED Public Cummins 5 LO#7CUMMINS INDIA LIMITED A legacy of 60 years.. 1962 1967 UMMINS IESEL SALED SERVE Erstwhile Cummins Engine Company Inc. (CECO), USA and Kirloskar Oil Engines Limited (KOEL) established a joint venture with 50% ownership by CECO, 25.50% by KOEL and 24.50% floated on the Bombay Stock Exchange. Kirloskar Cummins acquired Cummins Diesel Sales and Service from Blackwood Hodge. 2010 Inaugurated the second Cummins College of Engineering for Women (CCEW) campus at Nagpur with funding support from the Cummins India Foundation Kirloskar Cummins is conferred with the Rajiv Gandhi National Quality Award. 1993 1997 1991 Cummins Diesel India Foundation collaborates with Maharshi Karve Stree Shikshan Sametha (MKSSS) to set up the first all women engineering college in India. The college is named Cummins College of Engineering for Women (CCEW). Valvoline Cummins, a 50:50 joint venture between Ashland Inc. and Cummins India Ltd. is formed to manufacture lubricants. 1968 A Shipment of 15 engines is dispatched to Egypt, heralding the beginning of export operations in India. Gummins India Limited and Cummins Filtration Inc. form Nelson Engineering Ltd. a 50:50 joint venture to design and manufacture mufflers, until the sale of this entity to Global Tube in 2011. 2015 Cummins Inc. increases its stake in Kirloskar Cummins to 51%, Kirloskar Oil Engines largely divests its stake and Cummins India Ltd. is incorporated with the other 49% ownership floated on the Bombay Stock Exchange 1998 2002 Valvo ne. Cummins Research and Techonology India Ltd. formed as a 50:50 joint venture between Cummins Inc. and Cummins India Ltd. to provide Analysis Led Design engineering services to Cummins globally. The C-Series engine plant is inaugurated at Viman Nagar, Pune. 2003 2005 The Automotive Business division is formed to supply BSI/III/IV emissions compliant diesel and gas engines to local Automotive OEMs In India by Cummins India Ltd. Cummins India Ltd. acquired 48.54% shares in Cummins Generator Technologies India Pvt. Ltd. which was incorporated as 51:49 joint venture between Newage (now, Cummins Generator Technologies Ltd., UK) and Crompton Greaves. Gummins Diesel Sales and Service India Ltd., wholly owned subsidiary of Cummins India Ltd. is renamed as Cummins Sales and Service India Ltd. (CSS). 2007 2008 Three plants open: Power Generation Plant at Pirangut, Cummins Generator Technologies Plant at Ranjangaon and KV Engine Plant at Kothrud. Ground is broken for the Cummins Megasite at Phaltan. 2000 2001 Cummins India Ltd. sets up Cummins Power Generation. Cummins Residential Campus, Phaltan was inaugurated. amo to Cummins India D-19 vaccination drive gistration Desk rotected 2011 Cummins Megasite is inaugurated; High Horsepower Rebuild Centre and India Parts Distribution Centre become operational. Cummins SVAM Sales and Service Ltd., 50:50 joint venture dealership between Cummins India Ltd. and SVAM is incorporated. Cummins completes 50 YEARS of operations in the Indian subcontinent 2014 Cummins India Office Campus, the first integrated ten acre office campus la inaugurated to accommodate office employees across all Cummins group entities in India. Phaltan Midrange Upfit Center, the fifth project at the Cummins Megasite commences operations. New plant of the JV, Valvoline Cummins Ltd. is established in Ambernath, Maharashtra. The low kilowatt genset plant for exports opens at the Special Economic Zone (SEZ) section of the Megasite. 2013 COC 2012 Foundation Stone is laid for the Cummins India Office Campus at Balewadi in Pune. 2021 Cummins Group in India conducted COVID-19 vaccination drives at all its plants and regional offices 32500+ doses administered 2018 Inauguration of Cummins Technical Centre in India set up by Cummins Group Company that also provides engineering and R&D services to Cummins India Ltd. 2019 'Cummins Inc. turns 100 Years' Celebration | Cummins India Ltd. is a subsidiary of Cummins Inc. 2022 Cummins completes 60 years in India! Public Cummins 6#8CUMMINS INDIA LIMITED Transforming lives by empowering our employees and communities. Committed to innovation and dependability to power the success of our customers. - Building a sustainable future by addressing environmental challenges today. TOP THREE PRIORITIES + Public Cummins 7#9Financial Performance CIL FY 2021-22 O. Revenue: 6,026 Cr Profit before Interest Tax: 1,171 Cr Cash generated from operations: SLR) FITTED WITH UNDERSLUNG DG S 707 Cr LATION TRIALS Dividend: 925% DJB LIVERR CPPT SIZE:X#10CUMMINS INDIA LIMITED REVENUE AND PBIT TREND Sales: Revenue CAGR: 9% 824 799 5,062 FY 2020 4,256 FY 2021 Revenue 1,038 6,026 FY 2022 PBIT Figures are in Crores • 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 Cummins 9#11CUMMINS INDIA LIMITED DOMESTIC VS EXPORTS TREND Domestic CAGR 8.2% Exports CAGR 11.7% 6,026 1,610 5,062 1,291 4,256 CAGR: 9.1% 4,416 1,153 3,771 3,103 FY 2020 FY 2021 Domestic Export Figures are in Crores FY 2022 -Total Cummins 10 110#12CUMMINS INDIA LIMITED DIVIDEND TREND 700% 388 416 750% 513 925% FY 2020 FY 2021 FY 2022 Figures are in Crores FY Dividend Payout% FY2020 FY 2021 68% 67% (as a % of Profit after Tax) * Exceptional Item has been excluded from Profit after Tax for computation of Dividend Payout % Excluding Dividend Distribution tax FY 2022 *68% Cummins 11#13LOOKING INTO THE FUTURE TRENDS, CIL GROWTH STRATEGY AND DESTINATON ZERO Cummins 12#14INDUSTRY and ECONOMY KEY TRENDS → Stringent Stringent Emission norms 端 Impetus on Infrastructure development Alternate Fuels Rail Electrification MAKE IN INDIA Push for Domestic Manufacturing Favorable Policies Public Cummins 13#15CUMMINS INDIA LIMITED GROWTH STRATEGY Profitable growth OEM penetration Beyond engines Rail electrification Alternate and Exports After-market Renewal Sources (PSBU, EBU Supply Chain) Value selling Cost variabalisation Material efficiency Footprint optimization Right talent Robust supply chain Technology enabled growth Growth mindset Inclusion & diversity Accelerated Cost Efficiency (ACE) Compliance to HSE, Quality & Accounts Public Cummins 14#16Destination 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. Lower Reduce well-to- emissions today wheels emissions Drive wide-scale customer adoption & Achieve zero emissions by 2050 Public Cummins 15#17CUMMINS INDIA LIMITED SHARP FOCUS ON THE FUTURE TO TAKE FORWARD OUR LEGACY OF TECHNOLOGY LEADERSHIP, INNOVATION AND DEPENDABILITY 60-YEAR HISTORY OF INNOVATION CARE. RE CUMMINS.COM CUMMINS CARE ALWAYS ON SERVICE AND SUPPORT GLOBAL FOOTPRINT EXPERIENCE YOU CAN DEPEND ON DIGITAL SOLUTIONS DIVERSITY, EQUITY & INCLUSION 00 ENGINEERED FOR THE CUSTOMER + POWERING A SUSTAINABLE FUTURE Public Cummins 16#18THANK YOU PUBLIC