China Yuchai International Limited · NYSE:CYD
China Yuchai International — Q1 2025 Earnings Presentation
42 slides from China Yuchai International's earnings presentation, Aug 8, 2025
Slide 1: China Yuchai International Limited
China Yuchai International Limited China Yuchai International Limited [NYSE: CYD] March 2025
Slide 2: Forward-looking statements
China Yuchai International Limited This presentation may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words “believe”, “expect”, “anticipate”, “project”, “targets”, “optimistic”, “confident that”, “continue to”, “predict”, “intend
Slide 3: Engine applications: truck and bus, off-road, marine and power generation
China Yuchai International Limited Truck and Bus engines applications Off-road and Agriculture applications Marine and Power Generation engines applications 3
Slide 4: Corporate Structure
Corporate Structure China Yuchai International Limited (“China Yuchai” or the “Company”) is a Bermuda holding company established on April 29, 1993, and listed on the New York Stock Exchange under symbol “CYD”. It is a subsidiary of Singapore-based Hong Leong Asia Ltd. China Yuchai, through six whol
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 Subsidiaries, Joint Ventures and Alliances
Yuchai’s Subsidiaries, Joint Ventures and Alliances • Guangxi Yuchai Marine and Genset Power Co., Ltd. (“MGP”) is a 93.5% owned subsidiary of Yuchai. MGP specializes in design and manufacture of marine and power generation engines with capacity between 4 to 102 liters, for marine propulsion and powe
Slide 7: Yuchai's Subsidiaries, Joint Ventures and Licensing
Yuchai’s Subsidiaries, Joint Ventures and Licensing • Guangxi SKY Cloud Technology Co., Ltd. (“SKY Cloud”) is a subsidiary established in 2023 focused on developing proprietary operating systems for data analytics, aimed at smart and connected solutions for both on- and off-road vehicles and machine
Slide 8: Vehicle Engine OEMs
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Slide 9: Off Road /Marine Engine OEMs
Off Road /Marine Engine OEMs 9
Slide 10: 2024 Market Overview
2024 Market Overview Market Statistics China’s GDP is targeted to grow approximately 5% for 2025. Beijing introduced a list of stimulus programs to revitalize its economy: PBOC cut reserve requirement ratios (RRR), reduced minimum down payments for home purchase, reduced taxes on property transactio
Slide 11: Market Overview: Commercial Vehicles 2019-2024
Market Overview: Commercial Vehicles 2019-2024 unit in ‘000 China Truck Market unit in ‘000 China Bus Market 4000 450 3500 400 350 3000 300 2500 250 2000 200 1500 150 1000 100 500 50 0 0 HD MD LD Total Large Medium Small Total 2019 2020 2021 2022 2023 2024 2019 2020 2021 2022 2023 2024 Source: China
Slide 12: Sales Volume
China Yuchai Unit Sales (Excluding NEV): 2020-2024 500,000 450,000 400,000 350,000 Sales Volume 300,000 250,000 200,000 150,000 100,000 50,000 - 2020 2021 2022 2023 2024 On Road Engine 275,398 251,074 129,896 132,048 155,271 Off Road Engine 154,922 205,216 185,033 173,388 189,215 Total 430,320 456,2
Slide 13: Operations Strategy
Operations Strategy 1. Product Strategy • Ensure all products meet current stringent emission standards and 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 gene
Slide 14: Operational Overview
China Yuchai International Limited China Yuchai International Ltd. [NYSE: CYD] Operational Overview
Slide 15: Yuchai Facilities & JVs
GYMCL Strategic Locations Shenyang Urumqi Beijing Beijing Xingshunda Xi’an Jining Wuhu Wuhan Shanghai Chongqing Wuhan Suzhou Wuxi Chengdu Hydrogen Kunming Guangdon Guangzhou Yulin Simlan g Yuchai Facilities & JVs 15
Slide 16: Manufacturing Capabilities: Engine Assembly Plants
Manufacturing Capabilities: Engine Assembly Plants 16 16
Slide 17: Manufacturing Capabilities: Intelligent Digital Factory
Manufacturing Capabilities: Intelligent Digital Factory Casting Machining Assembly and Testing Core making Robot Machining centre from International Enclosed and constant temperature and Domestic Suppliers workshop Molten Iron Pouring Robot Logistics + auxiliary tools are fully Robot + vision + full
Slide 18: Manufacturing Capabilities: Fully Automated Machining Centre
Manufacturing Capabilities: Fully Automated Machining Centre 恒温、恒湿、微正压、无尘车间环境 Constant temperature, constant humidity, slight positive pressure, dust-free workshop environment 从上下料、加工，到检测全过程自动化，属于无人化”黑灯”工厂 The whole process from loading and unloading, processing to inspection is automated, belon
Slide 19: Manufacturing Capabilities: Foundry Centre
Manufacturing Capabilities: Foundry Centre Automatic molten iron pouring Automatic core making center 19 The world's first robot core setting 19
Slide 20: Manufacturing Capabilities: 3D Printing for Trial Production
Manufacturing Capabilities: 3D Printing for Trial Production New Product Trial Production Centre 20 Additive printing technology Subtractive printing application technology application 20
Slide 21: Yulin Facility Nat VI Engine Manufacturing Plants
Yulin Facility Nat VI Engine Manufacturing Plants Engine Component Machining Plants Engine Assembly Plant 微正压、恒温、恒湿车间 Micro-positive pressure, constant temperature and humidity workshop. 21
Slide 22: 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 23: Yuchai National VI-b Compliant Engines
Yuchai National VI-b Compliant Engines Yuchai National VI–b Emission Standard Compliant Engines K13 (600－660) K12 (530－600) K11 (430－460) K09 (350－380) K08 (280－350) Engine S06 (200－260) K05 (190－230) S04 (140－200) Y30 (150－180) Y24 (120－165) 0 100 200 300 400 500 600 700 Power Rating (PS) •Full imp
Slide 24: Yuchai National VI-b Compliant Gas Engines
Yuchai National VI-b Compliant Gas Engines Yuchai National VI Emission Standard Compliant Gas Engines K15N （500~560） K13N （400~500） K11N （340~400） Engine K08N （260~300） A07N （190~260） K05N （185~210） S04N （140~160） 0 100 200 300 400 500 600 Power Rating (PS) •Implementation of National VI-a emission
Slide 25: Yuchai Tier-4 Compliant Off-road Engines
Yuchai Tier-4 Compliant Off-road Engines 20 engine series with Power range: 15~2550 hp 16VTD 1800-2550 12VTD 1000-1620 6TD 765-950 K16 580-775 K13 480-580 K11 350-480 K09 220-400 K08 300-350 A08 220-320 A07/A07K 125-300 K05/A05/A05K 110-240 A04 110-175 F36 75-175 F39 80-160 功率/PS F30 50-115 F25 40-5
Slide 26: Marine and Power Generation Engine Platform
Marine and Power Generation Engine Platform (Tier 3 & 4) 20VC(132L) 2808 3610 16VC(105L) 2205 2808 20VTF(104L) 3300 4000 16VTF(83L) 2420 3300 12VC(79L) 1680 2005 TD65(65L) 1680 2005 12VTF(63L) 2005 2420 TD52(52L) 1520 1680 TD40(40L) 900 1345 6TH(28L) 715 1016 TD20(20L) 441 668 K13(13L) 365 441 6MJ(1
Slide 27: LD and MD National VI Engines
LD and MD National VI Engines Y24 – 120-165 PS Y30 – 150-180 PS S04 – 140-200 PS S06 – 200-260 PS 27
Slide 28: MD and HD National VI Engines
MD and HD National VI Engines K05 – 190-230 PS K08 – 260 - 300 PS K09 – 360- 380 PS K12 – 530-600 PS K11 – 430-460 PS K13 – 600-660 PS 28
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 900-1
Slide 30: Regional Sales and Service Support
Regional Sales and Service Support 个大400+Distributors in 100+Countries Support Network Marine Powergen On- and off-road Central Indo-Malaysia Vietnam South America Philippine CentralNorth Middle East America Central South Northwest South Asia Asia Africa Euro Asia Saudi Arabic Northeast Africa Centr
Slide 31: Green Technologies
Green Technologies • National Emission Standards for on-road applications Current National VI-b standard nationally mandated on July 1, 2023 Yuchai S04220-61 upgraded engine series became first Chinese engines certified for the UN R49.07 Euro VI E stage emission standard by TÜV Rheinland Greater
Slide 32: Cost & Technology Improvements
Cost & Technology Improvements Lean Manufacturing Promote lean manufacturing across all machining and engine assembly plants Machining processes outsourced to reduce capital investment Supply Chain Improvement Reduced number of suppliers through stringent vendor selection policy and establish
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 capabilities
R&D capabilities Approximately 650 engineers including PhDs and Master Degree holders Over 3,000 patents have been registered as of 31 December 2024 New Energy R&D and Production facilities were set up in Nanning R&D center Powertrain innovations Late 2018: Model K08 engine was first domesti
Slide 35: R&D - Hydrogen for the Future
R & D - Hydrogen for the Future 2 Developing Technologies Fuel Cells Hydrogen Combustion Engines Mid-2021: Late-2021: Commercially launched the 90kW First ignition of the YCK05 Hydrogen fuel cell power system on buses Combustion engine 2023: Launched Nat VI, 2nd Mid-2022: Generation engine platforms
Slide 36: Yuchai New Energy Products
Yuchai New Energy Products New energy power Fuel cell system High efficiency: maximum efficiency＞70% Integrated bridge system High integration, high power density, Highly integrated motor, motor controller, and ultra-low starting temperature. TCU, oil pump and sensor. Wide application fields.
Slide 37: Business and Finance Overview
China Yuchai International Limited China Yuchai International Ltd. [NYSE: CYD] Business and Finance Overview
Slide 38: Financial Performance Review
Financial Performance Review Y2020 Y2020 Y2022 Y2023 Y2024* Units of engine sold (in thousands) 430 457 321 313 357 Revenue (in billion RMB) 20.6 21.3 16.0 18.0 19.1 RMB, billions * Unaudited Units in ‘000 Engine Sales Revenues 38
Slide 39: Financial Performance Review
Financial Performance Review Profit Performance Y2020 Y2021 Y2022 Y2023 Y2024* Gross Profit % 15.5% 13.0% 13.6% 14.1% 14.7% Operating Profit % 5.7% 3.1%. 3.2% 3.4% 3.1% EBITDA (RMB Billion) 1.5 1.0 1.0 1.2 1.3 Profit After Tax % 3.8% 1.9% 2.1% 2.3% 2.6% Profit After Tax (RMB Billion) 0.8 0.4 0.3 0.4
Slide 40: Financial Indicators Review
Financial FinancialPerformance Review Indicators Review Y2018 Y2019 Y2020 Y2021 Y2022 Y2023 Dividend per share (USD) $0.85 $0.85 $1.70 $0.40 $0.28 $0.38 Earnings per share (USD) $2.54 $2.09 $2.08 $1.06 $0.77 $0.98 Dividend / EPS, Ratio 33.5% 40.7% 81.7% 37.7% 36.4% 38.8% Div/EPS % $3.00 Y2018 33.5%
Slide 41: Financial Indicators Review
Financial Performance Review Financial Indicators Review Key Financial Ratios Y2020 Y2021 Y2022 Y2023 Y2024* Debt/Equity Ratio 19.2% 19.3% 20.3% 21.3% 20.9% Current Ratio 1.48 1.43 1.52 1.59 1.55 Financial Ratios remain strong On June 7, 2024, equity incentive plans were approved for two Chinese
Slide 42: Thank You
China Yuchai International Limited [NYSE: CYD] Thank You
China Yuchai International — Q1 2025 Earnings Presentation on 6ix