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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
Ref: STEX/SECT/2019 December 14, 2019 The Relationship Manager, DCS-CRD BSE Limited, Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai 400 001 BSE Scrip Code: 500480
National Stock Exchange of India Limited 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 Chief Financial Officer of the Company
at the of analyst/ investors meeting held on December 13, 2019 Dear Sir/ Madam,
With reference to our stock exchange intimation dated December 12, 2019 towards analyst/
investors meeting, we are enclosing for your records a copy of the presentation made by
the Chief Financial Officer of the Company at the said meeting held on December 13, 2019.
We request you to please take this intimation on your record.
Thanking you, Yours faithfully, For Cummins India Limited
Hemiksha Bhojwani Company Secretary & Compliance Officer ICSI Membership Number: ACS22170 Encl.: As above.
Analyst Meet –
Cummins India Ltd.
Rajiv Batra
Public
13th Dec 2019
2
Cummins in India – Since 1962
Kirloskar
Cummins
Ltd.
Cummins
Diesel Sales &
Service India
(CDS&S)
Newage
JV with
Crompton
1962 2003200220001989 19981967 2010
Cummins
Exhaust
India Ltd (CEIL)
Cummins
Sales &
Service India
Cummins
Generator
Technologies
LHP SEZ at
Megasite
CSS Merged into
CIL(2009)
Exhaust Business
(CEIL) Divested
KPIT
Cummins
Infosystems Ltd.
Valvoline
Cummins
Ltd.
Cummins
Research &
Technology
India Ltd.
2011 2014 2015
Cummins
Residential
Campus
Cummins
Technical
Training Center
India Office
Campus
India PDC
HHP Rebuild
Center
KPIT Divested
3
Legal Entities Businesses
Cummins India Limited
Cummins Sales and
Service Pvt. Ltd.
Valvoline Cummins Pvt.
Ltd.
Cummins Generator
Technologies India Pvt.
Ltd.
Wholly owned service dealership
Lubricants
Industrial
Cummins India – Business Overview
Powergen Distribution
4
Cummins India Limited
• Established in 1962, 51% subsidiary of Cummins Inc.
• Manufactures a variety of engines operating on diesel, natural gas and
dual fuel
• Provides innovative solutions across
• Industrial Business
• Power-generation
• Service support (Distribution Business)
• Manufacturing capacity of over 75,000 engines p.a.
• Plants manufacture engines of various models – NTs, V28, K/KV & Q
series
• Amongst India’s largest exporters of Engineering Products
• Plants: Kothrud, PDC at Phaltan, Power Generation Exports plant
(at Phaltan SEZ)
1962- Cummins India Limited , Kothrud Plant
2014- Power Generation Plant SEZ, Phaltan
2010 - Parts Distribution Center , Phaltan
5
CIL Revenue Trend
* Excise duty part of sales from FY16 onwards; however excluded from CAGR calculation
₹ Cr
CAGR: 6%
4,321 4,588 4,958 4,952
5,526
379
351 79
4,321
4,967
5,310 5,030
5526
FY 2015 FY 2016 FY 2017 FY 2018 FY 2019
12%
6
Domestic vs Exports Trend₹ Cr
(1)%
10%
CAGR since FY 2015
Overall: 6%
2,599 2,925
3,348 3,378 3,873
1,722 1,663
1,611 1,574
1,652 4,321 4,588
4,958 4,952
5,526
FY 2015 FY 2016 FY 2017 FY 2018 FY 2019
Domestic Export
7
Domestic Revenue: Segment wise
1,055
1,249 1,332 1,333
1,592
FY 2015 FY 2016 FY 2017 FY 2018 FY 2019
Powergen
984 1,068
1,174 1,243
1,345
FY 2015 FY 2016 FY 2017 FY 2018 FY 2019
Distribution
507 554
688 760
938
FY 2015 FY 2016 FY 2017 FY 2018 FY 2019
Industrial
₹ Cr
CAGR: 17%
CAGR: 8%
CAGR: 11%
8
Export Revenue: Segment wise
61 69
89
115 123
FY 2015 FY 2016 FY 2017 FY 2018 FY 2019
Spares
815 894
772
674 726
FY 2015 FY 2016 FY 2017 FY 2018 FY 2019
LHP Exports
846
694 740
782 803
FY 2015 FY 2016 FY 2017 FY 2018 FY 2019
HHP Exports
₹ Cr
CAGR: (1)%CAGR: (3)%
CAGR: 19%
9
CIL PBIT Trend₹ Cr
* Above excludes one-time income
₹ Cr
859 920 925
867
1,047
19.9% 20.1%
18.7%
17.5%
18.9%
0.0%
5.0%
10.0%
15.0%
20.0%
-
200
400
600
800
1,000
1,200
FY 2015 FY 2016 FY 2017 FY 2018 FY 2019
10
Dividend Trend
* Excluding Dividend Distribution tax
₹ Cr
388 388 388 416
471
700% 700% 700%750%
850%
-200%
0%
200%
400%
600%
800%
1000%
-
100
200
300
400
500
FY 2015 FY 2016 FY 2017 FY 2018 FY 2019
11
H1 2019-20 Performance
₹ Cr Sales Growth %
Domestic 1,937 4%
Exports 664 -25%
Total Sales 2,601 -5%
PBIT 415 -26%
PBIT% 16.0% 4.4%
121212
DOMESTIC
3 to 5%
EXPORTS
-20 %
Sales Guidance for F.Y. 2019-20
13
In Summary
CIL will continue its journey on the PROFITABLE Growth Path
CIL will continue to look at COST OPTIMIZATION to maintain and improve GROSS MARGINS
CIL will be ready for FUTURE EMISSION changes
CIL will continue to grow and be the DOMESTIC FACING ARM for Cummins in India
14
Q+A
1515