China Yuchai International Limited · NYSE:CYD
China Yuchai International — Investor Presentation (May 2026)
44 slides from China Yuchai International's investor presentation, May 2026
Slide 1: China Yuchai International Ltd, May 2026
China Yuchai International Ltd [NYSE: CYD] May 2026
Slide 2: Forward-looking statements
This pre s e nta tion ma y conta in forwa rd-looking s ta te me nts within the me a ning of the P riva te S e curitie s Litiga tion Re form Act of 1995. The words “be lie ve ”, “e xpe ct”, “a nticipa te ”, “proje ct”, “ta rge ts ”, “optimis tic”, “confide nt tha t”, “continue to”, “pre dict”, “inte
Slide 3: Business Segments and Applications
Business Segments and Applications Truck and Bus engines applications Off - road and Agriculture applications Marine and Power Generation engines applications
Slide 4: Corporate Structure
Corporate Structure China Yuchai Inte rna tiona l Limite d (“China Yuchai ” or the “Company ”) is a Be rmuda holding compa ny e s ta blis he d on April 29, 1993, a nd lis te d on the Ne w York S tock Excha nge unde r s ymbol “CYD”. It is a s ubs idia ry of S inga pore -ba s e d Hong Le ong As ia Ltd
Slide 5: Main Operating Subsidiary - Yuchai
Main Operating Subsidiary - Yuchai Founded in 1951, Yuchai as our main operating subsidiary in China, has established a reputable brand name, strong research and development team and significant market share in China. • One of the top commercial vehicle engine suppliers in annual unit sales as ranke
Slide 6: Yuchai's Core Subsidiaries, Joint Ventures and Licensing
Yuchai’s Core Subsidiaries, Joint Ventures and Licensing • Guangxi Yuchai Marine and Genset Power Co., Ltd. (“MGP”) is a s ubs idia ry of Yucha i. MGP s pe cia lize s in de s ign a nd ma nufa cture of ma rine a nd powe r ge ne ra tion e ngine s with ca pa city be twe e n 4 to 102 lite rs , for ma ri
Slide 7: Yuchai's Core Subsidiaries, Joint Ventures and Licensing
Yuchai’s Core Subsidiaries, Joint Ventures and Licensing • Guangxi SKY Cloud Technology Co., Ltd. (“SKY Cloud”) is a s ubs idia ry e s ta blis he d in 2023 focus e d on de ve loping proprie ta ry ope ra ting s ys te ms for da ta a na lytics , a ime d a t s ma rt a nd conne cte d s olutions for both
Slide 8: Vehicle Engine OEMs
China Yuchai International Limited Vehicle Engine OEMs <= fe. 2. = alt 2. its @® iat — 2am Truck & A ier ® cnet eS. SANY = a) mises @© num ao (é)) dd ¥uat Seen aa fA 2 @ Z CZ ®®& ae Cann axa HIGER Ss —" &. &B. bce MBs a D> fF A CO DB ®© OO @we CE pees MNT ome ume “gee eee SSE Caen Pott 2 @szx ¢ owas
Slide 9: Off Road /Marine Engine OEMs
China Yuchai International Limited Off Road /Marine Engine OEMs BaAG oa — S@ AE w Ee 2] a IbRR ST wee KOHLER, RRA TeuHoW £. $800 — sacnen Vessel FA 4 Electricity 22" = cyt cS Saevc Cx ZZ sonxina le =<" r—% ae La uae HM RH fat, eae 4h £2 a= titi Construction jisyinz 2 (A) Machinery "= SANY Se ®@ S &
Slide 10: 2025 Market Overview
2025 Market Overview Market Statistics China’s GDP grew 5% for 2025. Beijing introduced a list of stimulus programs to revitalize its economy: infrastructure spending, "trade-in" programs for home appliances and automobiles, expansion of clean-energy sectors, and significant export growth to support
Slide 11: Market Overview: Commercial Vehicles 2021-2025
Market Overview: Commercial Vehicles 2021-2025 China Truck Market China Bus Market 3,500,000 350,000 3,000,000 300,000 2,500,000 250,000 2,000,000 200,000 1,500,000 150,000 1,000,000 100,000 500,000 50,000 - - HD MD LD+Mini Total HD MD LD Total 2021 2022 2023 2024 2025 2021 2022 2023 2024 2025 Sourc
Slide 12: China Yuchai Unit Sales (Excluding NEV): 2021-2025
China Yuchai Unit Sales (Excluding NEV): 2021-2025 GYMCL Engine Unit Sales 500,000 450,000 400,000 350,000 300,000 250,000 200,000 150,000 100,000 50,000 - 2021 2022 2023 2024 2025 On Road Off Road Total 2021 2022 2023 2024 2025 On Road 251,074 129,896 132,048 155,271 219,715 Off Road 205,216 185,03
Slide 13: Operations Strategy
Operations Strategy 1. Product Strategy • Ensure all products meet current stringent emission standards , and to be among the first engine manufacturers compliant with future emission standards • Extend HD products into construction and mining applications • Expand HHP products into marine and power
Slide 14: Operational Overview
China Yuchai International Ltd [NYSE: CYD] Operational Overview
Slide 15: China Yuchai International Limited
ear China Yuchai —/ International Limited
Slide 16: Manufacturing Capabilities: Engine Assembly Plants
Manufacturing Capabilities: Engine Assembly Plants
Slide 17: Manufacturing Capabilities: Intelligent Digital Factory
Manufacturing Capabilities: Intelligent Digital Factory
Slide 18: Manufacturing Capabilities: Fully Automated Machining Centre
Manufacturing Capabilities: Fully Automated Machining Centre
Slide 19: Manufacturing Capabilities: 3D Printing for Trial Production
Manufacturing Capabilities: 3D Printing for Trial Production
Slide 20: Yulin Facility Nat VI Engine Manufacturing Plants
Yulin Facility Nat VI Engine Manufacturing Plants
Slide 21: MTU Yuchai Power Company Ltd.
MTU Yuchai Power Company Ltd. Our MTU JV partner A diesel engine manufacturer specializing in high -speed, large -rating diesel engines for power generation, oil & gas, railway, marine and mining, and data centers. MTU is a wholly owned subsidiary of Rolls -Royce Power Systems. The Joint Venture
Slide 22: Engine Rating – On-Road Diesel Engine
Engine Rating – On-Road Diesel Engine On-road China Nat VIb Diesel Engine 11 Engine Series, with Power Range 100~660 HP K13/K15 (520－660Ps) K09/K11 (350－500Ps) (190－350Ps) K05/K08 S04/S06 (140－270Ps) Y30 (150－165Ps) Y20/Y24 (100－140Ps) 100 200 300 400 500 600 700
Slide 23: Engine Rating – On-Road Gas Engine
Engine Rating – On-Road Gas Engine On-road China Nat VIb Gas Engine 7 Engine Series, with Power Range 140~560 HP K13N/K15N K11N K05N/K08N A07N S04N/S06N S06N 140 240 340 440 540
Slide 24: Engine Rating – Off-Road Engine
Engine Rating – Off-Road Engine Off-road China IV diesel engine 13 Engine Series, with Power Range 40~2200 HP 16VTD 12VTD TD20 K15 K13 K11 K09 A08 A07 A05 F36 F30 F24 功率/Ps Power/Ps 0 400 800 1200 1600 2000
Slide 25: Engine Rating – Power Generation Engine
Engine Rating – Power Generation Engine Generation Power 15 Engine Series, Capacity from 2.5L~105L Power Range 20~3310kW 16VC(105L) 2205 3310 12VC(79L) 1680 2206 16VTD(52L) 1520 1985 12VTD(40L) 1000 1520 6C(40L) 1016 1221 6TH(28L) 715 968 6TD(20L) 520 748 6T(16L) 401 485 6K(13L) 335 441 6MJ(12L) 334
Slide 26: Engine Rating – Marine Engine
Engine Rating – Marine Engine Marine Power 18 Engine Series, Capacity from 2.5L~122L Power Range 30~4000hp 16VCX(122L) 3000 4000 16VC(106L) 2200 3000 8CAX(93L) 1800 2400 12VC(79L) 1800 2200 8CL(73L) 1400 1800 6CAX(70L) 1450 1650 6CA(60L) 1200 1600 6CL(55L) 960 1200 6C(40L) 960 1100 6TF(32L) 720 1000
Slide 27: LD and MD National VI Engines
China Yuchai LD and MD National VI Engines International Limited $04 - 140-200 PS S06 - 200-260 PS
Slide 28: MD and HD National VI Engines
China Yuchai MD and HD National VI Engines International Limited KO9 - 360- 380 PS Ki2 - 530-600 PS Kii1 - 430-460 PS Ki3 - 600-660 PS
Slide 29: HHP Marine and Power Generation Engines
HHP Marine and Power Generation Engines YC12VTD YC6C YC12VC YC16VC • YC6T/6TD - 6 cylinders, 16/19.5L, with 441 - 748 kW power rating • YC6C – 6 cylinders, 40L, with 680 - 1221 kW power rating • YC8CL – 8 cylinders, 72.8L , rated at 1029 - 1324 kW power rating • YC12VTD – 12 cylinders, 39L, rated at
Slide 30: 400 Distributors in 100 countries
Regional Sales and Service Support 400 Distributors in 100 countries Support Network Marine On - and off - road Powergen Central Indo - Malaysia Vietnam South America CentralNorth Middle East Philippine America Central South Northwest South Asia Asia Africa Euro Asia Saudi Arabi a Northeast Africa C
Slide 31: Green Technologies
Green Technologies • National Emission Standards for on -road applications Curre nt Na tiona l VI-b s ta nda rd na tiona lly ma nda te d on J uly 1, 2023 Yucha i S 04220-61 upgra de d e ngine s e rie s be ca me firs t Chine s e e ngine s ce rtifie d for the UN R49.07 Euro VI E s ta ge e mis s io
Slide 32: Cost & Technology Improvements
Cost & Technology Improvements Lean Manufacturing Promote lean manufacturing across all machining and engine assembly plants Some machining processes outsourced to reduce capital investment Supply Chain Improvement Reduced number of suppliers through stringent vendor selection policy and estab
Slide 33: R&D Capability
R&D Capability Self-established National Engineering Laboratory is an efficient, energy-saving and environmentally-friendly internal combustion engine testing laboratory in China, rated as a top tier laboratory in the Chinese diesel industry. Installation of 84 engine test benches and 16 parts &
Slide 34: R&D Leadership
R&D Leadership R&D capabilities Approximately 650 engineers including PhDs and Master Degree holders Over 3,000 patents have been registered as of December 31, 2024 New Energy R&D and Production facilities were set up in Nanning and Wuxi Powertrain innovations Late 2018: Model K08 engine was
Slide 35: R&D Leadership Developing Technologies
R&D Leadership 3 Developing Technologies Fuel Cells Electrolyzer for Hydrogen Combustion Engines Hydrogen Generation Late-2023: Late-2024: Late-2021: First independently developed Successfully developed a Firs t ignition of the YCK05 Hydroge n 150 kW graphite sample stack 30kW low-power electrolyzer
Slide 36: Yuchai New Energy Products
Yuchai New Energy Products 270/400KW 13T ELECTRIC DRIVE AXLE POWER 350/510KW OVERLOADED HEAVY-DUTY TRUCK SYSTEM FOR HEAVY-DUTY TRUCKS BOX DRIVE SYSTEM QT800/QT900 integrated cast axle housing, High-speed flat wire H-PIN motor with light YCK09LN 200KW FLYWHEEL RANGE- lightweight and reliable weig
Slide 37: Financial Overview
China Yuchai International Ltd [NYSE: CYD] Fin a n c ia l Ove rvie w
Slide 38: Financial Performance Review
Financial Performance Review Y2021 Y2022 Y2023 Y2024 Y2025 Unit of engine sold (in thousands) 457 321 313 357 461 Revenue (in billion RMB) 21.3 16.0 18.0 19.1 24.7 Y2023 Y2024 Y2025 2.6% 6.0% 3.4% 42.1% 43.5% 47.6% 55.3% 53.1% 46.4% On-road Off-road New Energy On-road Off-road New Energy On-road Off
Slide 39: Financial Performance Review
Financial Performance Review Profit Performance Y2021 Y2022 Y2023 Y2024 Y2025 Gross Profit % 13.0% 13.6% 14.1% 14.7% 16.5% Operating Profit % 3.1% 3.2% 3.4% 3.1% 4.4% EBITDA (RMB Billion) 1.0 1.0 1.2 1.3 1.8 Profit After tax % 1.9% 2.1% 2.3% 2.6% 3.3% Profit After tax (RMB Billion) 0.4 0.3 0.4 0.5 0
Slide 40: Financial Performance Review
Financial Performance Review Y2021 Y2022 Y2023 Y2024 Y2025 Dividend per share (US$) $0.40 $0.28 $0.38 $0.53 TBC ** Earnings per share (US$) $1.06 $0.77 $0.98 $1.14 $2.07 Dividend / EPS, Ratio 37.7% 36.4% 38.8% 46.5% NA $2.50 $2.07 Dividend / EPS, % $2.00 Y2024 46.5% $1.50 $1.14 $1.06 $0.98 Y2023 38.
Slide 41: Second Half 2025 Results
Second Half 2025 Results Second Half of 2025 Second Half of 2024 Growth RMB million RMB million % Revenue 11,784 8,827 33.5% Gross profit (Note 1) 2,228 1,406 58.4% Research and development expenses (Note 2) (875) (591) 48.0% Operating profit (Note 3) 469 160 193.1% Share of results of associates an
Slide 42: Full Year 2025 Results
Full Year 2025 Results Full year of 2025 Full year of 2024 Growth RMB million RMB million % Revenue 24,662 19,134 28.9% Gross profit (Note 1) 4,068 2,819 44.3% Research and development expenses (Note 2) (1,352) (985) 37.3% Operating profit (Note 3) 1,091 597 82.7% Share of results of associates and
Slide 43: Full Year 2025 EBITDA
Full Year 2025 EBITDA Full year of 2025 Full year of 2024 Growth RMB million RMB million % Profit for the period 811 492 64.8% Less: Interest (Income)/Expense, net (45) (60) -24.8% Add: Depreciation & Amortisation expense 712 715 -0.3% Add: Income Tax expense 330 129 156.0% EBITDA 1,808 1,276 41.7%
Slide 44: Thank You
China Yuchai International Ltd [NYSE: CYD] Thank You
China Yuchai International — Investor Presentation (May 2026) on 6ix