Automotive Axles Limited · NSE:AUTOAXLES

Automotive Axles — Kalyani Automotive Axles — Investor Presentation (August 2022)

14 slides from Automotive Axles's investor presentation, Aug 8, 2022

1. Slide 1: Kalyani Automotive Axles Limited

   KALYANI AUTOMOTIVE AXLES LIMITED Aug 2022 p,opr1©tr.rt CMMl:or, Inc . 2021

2. Slide 2: Cummins Acquires Meritor

   CUMMINS Acquires MERITOR The acquisition strengthens Cummins’ industry-leading range of powertrain components and accelerates development of electrified power solutions. “I warmly welcome Cummins as our new partner in Automotive Axles and Meritor HVS. Bharat Forge has a long relationship with Cummin

3. Slide 3: Snapshot Q1 FY23

   SNAPSHOT Q1 FY23 Particulars (Mn INR) FY 21-22 FY 20-21 FY 19-20 Revenue 14949 9126 9597 EBIDTA 1389 729 1010 PBT 1001 302 600 MANUFACTURING LOCATIONS - 4 Manufacturing locations Mysore, Jamshedpur, Pantnagar, Hosur EQUITY SHARE: Meritor Inc, USA – 35.5%, Kalyani Group – 35.5%, Public – 29% WORKFORC

4. Slide 4: Sustainability Road Map - Mission 2028

   SUSTAINABILITY Road Map - Mission 2028 Meritor India - Sustainability Road Map SUSTAINABILITY SIX PILLAR MODEL Excellence in Sustainability • Achieving ISO 26000 for CSR assurance • Projects for sustenance of all initiatives 2028 Carbon Neutral • Deming Certification • ISO 14067 standard (Carbon foo

5. Slide 5: Circular Economy

   CIRCULAR ECONOMY Circular Economy is a frame work aiming at achieving Sustainability end to end across Supply chain RAW MATERIAL DESIGN Our 6 Pillar Sustainability model is to ensure this. SUSTAINABILITY SIX PILLAR MODEL PRODUCTION RECYCLING MANUFACTURING CIRCULAR ECONOMY D A RESIDUAL WASTE 5 P-opne

6. Slide 6: Diverse End Markets and Major Customers

   DIVERSE End Markets and Major Customers Diverse End Markets Major Customers ~ ASHOK LEYLANCI G Aapl'd Je-et. Hama,ri Jeet. TATA v7£) mahindra DAIMLER Do.Ollerlodi•Cc,mmerCJOIV!lt,det MUd, smL ISU2U = VE COMMERCIAL VEHICLES = AVOLVO(I.AQUP J\f,JD !!ICHE/1 MOTORS JOINT \IENTl,/RE BH ARAT FO R GE KALYA

7. Slide 7: Customer Recognition

   CUSTOMER Recognition Date: 27.07.22 Venue: AL, Chennai FY22 Gold Award in Cost Category Meritor has been conferred by Ashok Leyland with Gold award in Cost Category for the outstanding/exemplary work done in providing the better Total Cost of Ownership(TCO) 7 Pmprlet'.lry CMerttor, Inc., 2021

8. Slide 8: Most Comprehensive Axle & Brake Offerings

   MOST COMPREHENSIVE Axle & Brake Offerings 10X 11X 120 13X 14X 150 240 17X 160 EVO 18X 19X 610 ■:ffli31 • • 310 360 394 410 / 22.5 ADB 410G Light I Medium I Heavy I Extra Heavy 8 Proprlet.'.lry CMerltor, Inc., 2021

9. Slide 9: Employee Engagement Initiatives

   EMPLOYEE Engagement Initiatives  Technical Trainings  Festival Celebrations  Women’s Day Celebration 9 Px,poot:;rt CM01ttor, Inc , 2ce1

10. Slide 10: Rewards & Recognition Initiatives

    REWARDS & Recognition Initiatives  Intranet Website Launch Event  Superannuation Event  Kaizen Awards  Spot Awards   10 p,opnetsry CMootor, Inc., 2021

11. Slide 11: Financial Results

    FINANCIAL Results Values in INR Mn Q1 FY23 Performance Key Highlights Sales Revenue: 96 % ➔ ₹ 5,013 ₹ 2,561  FY23 Q1 revenue has grown by 96% as compared to FY22 Q1.  FY23 Q2 demand is estimated slightly higher than FY23 Q1 EBITDA: Q1 FY22 Q1 FY21 " "" f. f. , , EBIDTA  Project & Grow revenue & p

12. Slide 12: Growth through Mission 25 Strategy

    GROWTH through Mission 25 Strategy AAL Vs MHCV Market Growth ₹ 1,942 - ₹ 1,558 ₹ 1,494 ₹ 1,088 ₹ 1,149 ₹ 960 ₹ 913 ₹ 683 ₹ 462 M&HCV Production 476 Volume in '000s 360 363 375 297 372 225 286 251 197 Revenue in ₹ Cr 2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23 F (6

13. Slide 13: Key Actions to Manage Business Successfully

    KEY ACTIONS to Manage Business Successfully Business Growth Strategy Cost Measures Safety Practices  Successful implementation of LTA agreement  Cost reduction measures at organization  Focus on safety of employees continues  Gold Award in Cost savings category by AL and plant level though COVID

14. Slide 14: Meritor

    ~ MERITOR RUN WITH THE BULL Prop.rie.h iry @J.ie.ri.tor, Inc.. 2019

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