Cummins India Limited · NSE:CUMMINSIND
Cummins India — Investor Presentation (December 2019)
16 slides from Cummins India's investor presentation, Dec 14, 2019
Slide 1: Intimation of presentation to stock exchanges
Ref: STEX/SECT/2019 December 14, 2019 The Relationship Manager, National Stock Exchange of India Limited DCS-CRD Exchange Plaza, 5th Floor, BSE Limited, Plot No. C/1, G Block, Phiroze Jeejeebhoy Towers, Bandra – Kurla Complex, Dalal Street, Fort, Bandra (East), Mumbai 400 001 Mumbai 400 051 BSE Scri
Slide 2: Analyst Meet – Cummins India Ltd.
Analyst Meet – Cummins India Ltd. Rajiv Batra 13th Dec 2019 Public
Slide 3: Cummins in India – Since 1962
Cummins in India – Since 1962 Cummins Cummins Generator Technical Technologies Training Center Cummins Cummins Kirloskar Newage Cummins Research & Exhaust Business Residential Cummins JV with Exhaust Technology (CEIL) Divested Campus Ltd. Crompton India Ltd (CEIL) India Ltd. 1962 1967 1989 1998 2000
Slide 4: Cummins India – Business Overview
Cummins India – Business Overview Legal Entities Businesses Cummins India Limited Powergen Industrial Distribution Cummins Sales and Service Pvt. Ltd. Wholly owned service dealership Valvoline Cummins Pvt. Ltd. Lubricants Cummins Generator Technologies India Pvt. Ltd. 3
Slide 5: Cummins India Limited
Cummins India Limited • Established in 1962, 51% subsidiary of Cummins Inc. • Manufactures a variety of engines operating on diesel, natural gas and 1962- Cummins India Limited , Kothrud Plant dual fuel • Provides innovative solutions across • Industrial Business • Power-generation • Service support
Slide 6: CIL Revenue Trend
CIL Revenue Trend ₹ Cr 5526 5,310 4,967 5,030 351 CAGR: 6% 379 79 4,321 12% 5,526 4,958 4,952 4,321 4,588 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 * Excise duty part of sales from FY16 onwards; however excluded from CAGR calculation 5
Slide 7: Domestic vs Exports Trend
Domestic vs Exports Trend ₹ Cr CAGR since FY 2015 5,526 Overall: 6% 4,958 4,952 4,588 (1)% 4,321 1,652 1,611 1,574 1,663 1,722 3,873 10% 3,348 3,378 2,925 2,599 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 Domestic Export 6
Slide 8: Domestic Revenue: Segment wise
Domestic Revenue: Segment wise ₹ Cr Industrial CAGR: 17% 938 760 688 554 507 CAGR: 8% Distribution 1,345 1,243 1,174 1,068 984 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 Powergen CAGR: 11% 1,592 1,332 1,333 1,249 1,055 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 7
Slide 9: Export Revenue: Segment wise
Export Revenue: Segment wise ₹ Cr CAGR: (3)% CAGR: (1)% HHP Exports LHP Exports 846 782 803 894 740 815 694 772 726 674 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 CAGR: 19% Spares 123 115 89 69 61 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 8
Slide 10: CIL PBIT Trend
CIL PBIT Trend ₹ Cr 1,200 19.9% 20.1% 18.9% 20.0% 18.7% 17.5% 1,000 15.0% 800 600 10.0% 1,047 920 925 859 867 400 5.0% 200 - 0.0% FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 * Above excludes one-time income 9
Slide 11: Dividend Trend
Dividend Trend ₹ Cr 1000% 850% 500 750% 800% 700% 700% 700% 400 600% 300 400% 471 200 416 388 388 388 200% 100 0% - -200% FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 * Excluding Dividend Distribution tax 10
Slide 12: H1 2019-20 Performance
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% 11
Slide 13: Sales Guidance for F.Y. 2019-20
Sales Guidance for F.Y. 2019-20 DOMESTIC EXPORTS 3 to 5% -20 % 12
Slide 14: In Summary
In Summary CIL will continue to grow and be the DOMESTIC FACING ARM for Cummins in India 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 13
Slide 15: Q+A
Q+A 14
Slide 16: 15
15 15
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