16
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 [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, 5 th 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.

Ref: STEX/SECT/2019 December 14, 2019 The Relationship ...€¦ · 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

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Page 1: Ref: STEX/SECT/2019 December 14, 2019 The Relationship ...€¦ · 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

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.

Page 2: Ref: STEX/SECT/2019 December 14, 2019 The Relationship ...€¦ · 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

Analyst Meet –

Cummins India Ltd.

Rajiv Batra

Public

13th Dec 2019

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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

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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

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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

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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%

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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

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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%

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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%

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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

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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

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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%

Page 13: Ref: STEX/SECT/2019 December 14, 2019 The Relationship ...€¦ · 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

121212

DOMESTIC

3 to 5%

EXPORTS

-20 %

Sales Guidance for F.Y. 2019-20

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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

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14

Q+A

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1515