Tenneco Clean Air India Limited · NSE:TENNIND
Tenneco Clean Air India — Q2 FY2026 Earnings Presentation
36 slides from Tenneco Clean Air India's earnings presentation, Dec 1, 2025
Slide 1: Investor Presentation Q2 & H1 FY2026
INVESTOR P R E S E N TAT I O N Q2 & H1 FY2026 Date | Strictly private and confidential
Slide 2: Privileged & Confidential
PRIVILEGED & CONFIDENTIAL This presentation and the accompanying slides (the “Presentation”), prepared by Tenneco Clean Air India Limited (the “Company” or “TCAIL”), is furnished solely for informational purposes without regard to any specific investment objectives, financial situations, or informat
Slide 3: Agenda
AGENDA Table of Contents ▪ Section 1 - About Tenneco Clean Air India Limited ▪ Section 2 - Industry Overview ▪ Section 3 - Competitive Strengths ▪ Section 4 - Strategies ▪ Section 5 - Q2 & H1 FY2026 Financial Highlights 3
Slide 4: About Tenneco Clean Air India Limited
Section 1 About Tenneco Clean Air India Limited 4
Slide 5: Strong global parentage with long term customer relationships
Strong global parentage with long term customer relationships Tenneco Group Global Presence • Global Tier 1 player and market leading automotive component supplier 28 US$16,777mn 180 Countries1 CY24 Revenue Manufacturing plants1 • Trusted partner of choice with long-term customer relationships acros
Slide 6: Our Purpose
Our Purpose Core Values To be the most trusted partner and the world’s best Radical Organizational Tenacious manufacturer and distributor in Candor Simplify Velocity Execution Win the transportation industry. Core Enablers to fulfill Tenneco’s Purpose Safety & Operational Excellence Strategic Securi
Slide 7: A unique combination of scale and skill that makes us the preferred vendor
A unique combination of scale and skill that makes us the preferred vendor in India's competitive auto components landscape Competitive advantage FY2025 Revenue from Value Added Operations Revenue Global parentage, cutting edge R&D and 49 44 ✓ ability to localize technology Revenue / VAR1 INR bn Mar
Slide 8: Supplying critical systems that keep India's vehicles running cleaner, safer and smoother
Supplying critical systems that keep India's vehicles running cleaner, safer and smoother We build and supply the critical systems that keep India’s passenger, commercial and off-highway vehicles running cleaner, safer and smoother, supported by decades of engineering depth, diversified capabilities
Slide 9: From single plant to a Leader in Clean-Air and Powertrain
From single plant to a Leader in Clean-Air and Powertrain (7 plants and an R&D Tech Center) & Advanced Ride Technologies (5 Plants and an R&D Tech Center) 1979 1997–2000 2018 2025 Commencement of Diversification into multiple product lines Scale & global integration IPO milestone operations Sealings
Slide 10: Our Clean Air and Powertrain Solutions and Advanced Ride Technologies segments
Our Clean Air and Powertrain Solutions and Advanced Ride Technologies segments deliver diverse products for evolving mobility needs Clean Air and Powertrain Solutions Advanced Ride Technologies 52.6% FY2025 VAR1: ~INR23bn 47.4% FY2025 VAR1: ~INR21bn Hot End / DOC & SDPF system Cold End / Mufflers an
Slide 11: Industry Overview
Section 2 Industry Overview 11
Slide 12: Uniquely positioned to benefit from industry tailwinds
Uniquely positioned to benefit from industry tailwinds of growing customer base, stricter emissions norms and premiumization Volume CAGR FY2025-30P • Increase in disposable income Low vehicle penetration – Domestic PVs Domestic CTs Domestic Tractors CEs Significant growth headroom • Faster economic
Slide 13: Auto components sector expected to grow faster than overall auto market
Auto components sector expected to grow faster than overall auto market INRbn Tenneco Clean Air India Limited relevant components A Clean air solutions1 B Domestic suspension2 8-10% CAGR 80-88 7.8-9.8% CAGR 164-180 54 113 FY25 FY30P FY25 FY30P C Domestic spark plug2 D Bearings and sealings3 5.2-7.4%
Slide 14: Competitive Strengths
Section 3 Competitive Strengths 14
Slide 15: A unique combination of scale and skill that makes us the preferred vendor
A unique combination of scale and skill that makes us the preferred vendor in India's competitive auto components landscape Competitive advantage FY2025 Revenue from Value Added Operations Revenue Global parentage, cutting edge R&D and 49 44 ✓ ability to localize technology Revenue / VAR1 INR bn Mar
Slide 16: Competitive strengths
Competitive strengths 1 Market leading supplier in critical, highly engineered and technology intensive solutions to Indian and global OEMs 2 Strategically diversified portfolio of proprietary products and solutions 3 Innovation-focused approach aided by ability to leverage Tenneco Group’s global R&
Slide 17: Ensuring leadership or a top 2 position in key end markets we service
Ensuring leadership or a top 2 position in key end markets we service Passenger vehicles #1 #2 Leader & Top 2 with 52%, 44% 2.7% market share4 in Shock 5.5% absorbers & Struts and 6.8% Advanced Ride Technologies products Engine bearings Engine Bearings, respectively Commercial Trucks INR 44 bn FY202
Slide 18: Customized & tech intensive products ensure sticky customers
Customized & tech intensive nature of products and time-consuming product approval processes ensures sticky customers We Serve All Top 7 PV OEMs1 and All Top 5 CV OEMs1 in India OEM 1 OEM 2 OEM 3 OEM 4 OEM 5 29 years 28 years 27 years 18 years 17 years # years of customer relationship No single cust
Slide 19: Innovation focused strategy adapts global technology for India needs
Innovation focused strategy adapts global technology for India needs and price points Standardized Localization Certified Test Facilities Global Engineering Processes Focused by Global Customers Pending patent applications and Pending trademark applications & Engineering and Technical Centers 5000+
Slide 20: 12 Manufacturing facilities and 2 R&D centers strategically located
12 Manufacturing facilities and 2 R&D centers of global standards strategically located in key automotive OEM hubs in India Clean Air and Powertrain Solutions Advanced Ride Technologies Our R&D Tech Centers Chakan Hosur Chakan I Chakan II Chennai Pondicherry Sanand Pithampur Parwanoo - Bearings Pune
Slide 21: Qualified and experienced board of directors
Qualified and experienced board of directors 30+ 20+ 39+ C M M C C M C C M Niranjan Kumar Gupta Jaidit Singh Brar Gopika Pant Chairman, Independent Director Independent Director Independent Director Ex-CEO, Hero MotoCorp Limited Ex-Senior Partner, McKinsey & Company India LLP Managing Partner, India
Slide 22: Supported by an experienced and professional management team
Supported by an experienced and professional management team 21+ 27+ 18+ Arvind Chandrasekharan Mahender Chhabra Rishi Verma WTD and CEO CFO President – India Motherson National Faurecia WABCO Europe Minda HMD Mobile Microsoft Bharti Pepsi Dana India Walker Delphi Sumi Wiring Engineering Exhaust Ind
Slide 23: Strategies
Section 4 Strategies TENNECO
Slide 24: Strategies to become the leading partner of choice
Strategies to become the leading partner of choice to passenger, commercial and off- highway vehicles 1 Capturing market opportunities driven by tightening emission standards 2 Capitalizing on trends toward premiumization, SUVs, EVs and hybrids 3 Enhancing competitiveness through strategic localizat
Slide 25: Capitalizing on premiumization, SUV, electrification and hybrid trends
Capitalizing on premiumization, SUV, electrification and hybrid trends Rising PV price trend1 SUVs as a % of PVs EV penetration in PVs INR thousands 730 EV penetration remains negligible in CV 660 580 71.0% 500 520 65.0% 52.0% Increased demand for 39.0% better comfort and 29.0% handling increasing 1
Slide 26: "Make in India" through strategic localization and driving exports
“Make in India” through strategic localization and driving exports Benefits Expected Outcome Aiming to establish India as a central hub for exports Economies of scale Improved Increased Customer Market share responsiveness Lower Logistics Reduced Supply costs chain risks Europe Expanded Share Improv
Slide 27: Further leverage efficiencies and cross-selling to customers
Further leverage efficiencies and cross-selling to customers Current customer coverage Enablers to achieve cross selling Leveraging common key raw material sourcing Example-OEM Clean Air Powertrain Advanced ride Common operating model Footprint leverage PV OEM P3 and OSE 2W OEM Standardized Comm
Slide 28: Q2 & H1 FY2026 Financial Highlights
Section 5 Q2 & H1 FY2026 Financial Highlights 28
Slide 29: Q2 & H1 FY2026 Highlights
Secured strategic wins, delivered market outperformance, and Q2 & H1 FY2026 sustained bottomline performance HIGHLIGHTS New order wins across Clean Air Systems and ART driving revenue visibility ▪ Significant YTD incremental lifetime order bookings materially enhancing the company’s revenue visibili
Slide 30: Disciplined execution driving market outperformance and enhanced revenue visibility
Disciplined execution driving market outperformance and enhanced revenue visibility CEO Update Operational Highlights “Tenneco India has delivered a strong and strategically meaningful quarter. Our Q2 and H1 FY2026 VAR* performance clearly reflects above-market growth**, supported by deeper engageme
Slide 31: Sustained Revenue Growth with Margin Expansion and balance sheet strength
Sustained Revenue Growth with Margin Expansion and exceptional balance sheet strength CFO Update “We delivered a disciplined financial performance in Q2 and H1 FY 2026, marked by steady revenue growth, expanding profitability and continued balance-sheet strength. VAR grew by 8.2% YoY in H1, supporte
Slide 32: Sustained Revenue Growth with Industry Leading Margins – Q2 FY2026
Sustained Revenue Growth with Industry Leading Margins – Q2 FY2026 All numbers in INR million, unless specified Revenue from Operations VAR +9.6% +8.9% 12,856 12,806 11,665 11,515 11,687 10,576 Q2’ FY 25 Q1’ FY 26 Q2’ FY 26 Q2’ FY 25 Q1’ FY 26 Q2’ FY 26 EBITDA PAT Industry leading margin despite 19.
Slide 33: Market Outperformance with Sustainable Margins – H1 FY2026
Market Outperformance with Sustainable Margins – H1 FY2026 All numbers in INR million, unless specified Revenue from Operations VAR +5.2% +8.2% 25,663 23,181 24,394 21,426 H1’ FY 25 H1’ FY 26 H1’ FY 25 H1’ FY 26 EBITDA PAT 13.4% 13.8% 19.5% 19.2% +10.9% +6.6% 4,457 3,188 4,181 2,874 H1’ FY 25 H1’ FY
Slide 34: Strategically diversified portfolio of proprietary products and solutions
Strategically diversified portfolio of proprietary products and solutions for multiple end markets Segment-wise Split End Market-wise Split Exports 4.8% 1.6% 7.0% 6.9% 50.5% 49.5% 19.9% 66.9% 93.0% Clean Air & Powertrain Advanced Ride Technology PV CV Industrial & Other Aftermarket Others Domestic E
Slide 35: H1 FY2026 - Our robust ratios reflect financial strength
H1 FY2026 - Our robust ratios reflect financial strength, operational and capital efficiency Net Debt/Equity Fixed Asset Turnover(1) Net Working Capital Days H1 H1 FY25 FY25 FY26 -0.13 8.4 21 -0.17 16 4.5 13 4.1 -0.38 FY25 H1 FY25 H1 FY26 FY25 H1 FY25 H1 FY26 ROE (%)(1) ROCE (%)(1) Cash Conversion C
Slide 36: Glossary
Glossary Term / Acronym Description PV Passenger Vehicles CT Commercial Trucks OH Off-Highway vehicles OE Original Equipment - parts supplied to vehicle manufacturers (OEMs) OEM Original Equipment Manufacturer CA Clean Air Solutions ART Advanced Ride Technologies VAR (Value Added Revenue) Revenue ex
Tenneco Clean Air India — Q2 FY2026 Earnings Presentation on 6ix