SML ISUZU LIMITED Company Presentation IDFC Securities Virtual - PowerPoint PPT Presentation

SML ISUZU LIMITED Company Presentation IDFC Securities Virtual Investors Conference 17 th September, 2020 (Thursday)

Safe Harbor • This presentation and the accompanying slides (the “Presentation”), which have been prepared by the Company have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any contract or binding commitment what so ever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company. • This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded. • Certain matters discussed in this Presentation may contain statements regarding the Company’s market opportunity and business prospects that are individually and collectively forward-looking statements. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and assumptions that are difficult to predict. These risks and uncertainties include, but are not limited to, the performance of the Indian economy and of the economies of various international markets, the performance of the industry in India and world-wide, competition, the company’s ability to successfully implement its strategy, the Company’s future levels of growth and expansion, technological implementation, changes and advancements, changes in revenue, income or cash flows, the Company’s market preferences and its exposure to market risks, as well as other risks. The Company’s actual results, levels of activity, performance or achievements could differ materially and adversely from results expressed in or implied by this Presentation. The Company assumes no obligation to update any forward-looking information contained in this Presentation. Any forward-looking statements and projections made by third parties included in this Presentation are not adopted by the Company and the Company is not responsible for such third party statements and projections. 1

Board of Directors  S.K.Tuteja, IAS After serving on the key assignments in various Government Departments at (Retd.) Punjab and Center, Mr. Tuteja retired as Secretary, Food & Public Distribution, Chairman Government of India in 2005. Mr. Tuteja has around 50 years of rich experience in & Independent diverse fields which include district administration, education, industry, trade, Director commerce, finance and company matters.  Sudhir Nayar Mr. Nayar is a B.Tech from IIT Delhi and MBA from FMS, Delhi University and has Independent over 30 years of rich experience in Sales & Marketing functions. He has worked Director with many reputed organizations such as Hindustan Lever Limited (HUL) and Tata Oil Mills Company (TOMCO).  Dr. (Mrs) Vasantha An economist of repute, Dr. Bharucha holds Doctorate in Economics from S. Bharucha University of Mumbai. She served as Economic Adviser in the Ministry of Independent Commerce & Industry, Government of India. Dr. Bharucha has rich experience in Director industry, trade and finance in the engineering and consumer goods sectors and has published a number of reports and strategy papers on Economic subjects. Dr. Bharucha was an Independent Director on the Central Board of State Bank of India (SBI) for three years during 2008-2011 and was also a Director on the Board of Delhi Circle of SBI. Besides, she was on the Board of Diamond Power Infrastructure Ltd., Dolphin Offshore Enterprises (India) Ltd. and founder director of Tamilnadu Trade Promotion Organisation (TTPO). 2

Board of Directors  Mr. Verma is a Commerce post-graduate with a Master’s degree in Business C. S. Verma Administration and a Bachelor’s degree in Law (LLB). He is also a fellow member Independent Director of The Institute of Company Secretaries of India (ICSI) and The Institute of Cost Accountants of India (ICWAI). He has a vast experience of 34 years in public sector companies such as – Indian Railway Finance Corporation, Bharat Heavy Electricals Limited (BHEL), ITI Limited etc. His last assignment was as Chairman and Managing Director of Steel Authority of India Limited (SAIL).  G. Iwanami A graduate from Keio University, Japan. Mr. Iwanami joined Sumitomo Corporation in 1988 and currently holds the post of General Manager, Automotive Sales & Marketing Division of Sumitomo Corporation. Mr. Iwanami has over 30 years of rich global experience in the Automotive Business.  E. Seto A graduate in Law from Waseda University, Tokyo (Japan). Mr. Seto joined Sumitomo Corporation in 1982 and has several years of experience in the motor vehicles department. In 1993, he was appointed as General Manager, Automotive Department in Sumitomo Corp de Mexico and in 2004, he was appointed as Vice President and General Manager, Detroit Office, Sumitomo Corp of America. In 2007, he was appointed as Director and General Manager, Melbourne Office, Sumitomo Australia Pvt Ltd. Further in 2009, he was also appointed as General Manager, Automotive Manufacturing Business Department, Sumitomo Corporation. 3

Board of Directors  N. Murakami A graduate with Bachelor of Laws from Sophia University, Japan, joined Isuzu Motors, Japan in April, 1995 and is currently associated with Isuzu Motors as a General Manager, International Sales Dept. No. 3. He has 25 years of rich global experience in the areas of International Sales & Corporate Planning.  M. Morohoshi A graduate from Waseda University, Japan. Mr. Morohoshi joined Sumitomo Corporation, Japan in April 1987 and has over 30 years of rich global experience in the Automotive Business. He is currently Chairman & Managing Director of Sumitomo Corporation India Pvt. Limited. Before moving to India, he was General Manager, Automotive Steel Sheet Products Business Department 1.  Pankaj Bajaj A qualified Chartered Accountant and Company Secretary. Mr. Bajaj started his career in 1995 with Deloitte Haskins & Sells and joined Sumitomo Corporation India Private Limited in 1997 as company secretary. He is currently Director and Company Secretary of Sumitomo Corporation India Pvt. Limited. 4

Board of Directors  Yugo Hashimoto A graduate from Waseda University, Japan. Mr. Hashimoto joined Sumitomo (Managing Corporation in April, 1984 and since then has held several positions (in different Director & CEO) countries) in various departments including Automotive Business & Motor Vehicles Dept. Before moving to India, he was President of Sumitomo Corporation de Mexico S.A. de C.V. and President of Japanese Chamber of Commerce in Mexico. Mr. Hashimoto has 36 years of rich global experience in the automotive business.  Gopal Bansal A qualified Chartered Accountant & Company Secretary. He started his career in (Whole-time 1980 with Punjab Tractors Limited - PTL (Swaraj Group) and got associated with Director & CFO) SML Isuzu on secondment from PTL, the promoter of the Company. Mr. Bansal has over 35 years of rich experience in various areas such as corporate affairs, finance & accounts, risk management, secretarial & taxation, investor relations, etc.  Tadanao A graduate from Tokyo Science University, Japan. Mr. Yamamoto joined Isuzu Yamamoto Motors in 1980 and his last position in Isuzu Motors was Senior Vice President. He (Director – Quality has rich experience of 39 years in Quality Control and Manufacturing. Assurance) 5

India - An Overview Per Capita Income (Rs '000) GDP Growth Forecast - 2020 (%) 10.0 134 115 126 103 100 94 87 5.0 90 1.0 80 0.0 70 -5.0 60 -4.5 50 -8.0 -10.0 -10.5 40 -10.2 -15.0 30 Euro Area Mexico USA China India FY 15 FY 16 FY 17 FY 18 FY 19 FY 20 Source : IMF - Economic Outlook, June, 2020 Source : Ministry of Statistics & Prog. Implementation, Govt. of India FDI Equity Inflows (US $ millions) CV Sales ('000) 49977 1200 50000 1107 953 +13% 48000 900 788 823 778 46000 702 44366 44000 600 42000 40000 300 Apr-Mar19 Apr-Mar20 FY 15 FY 16 FY 17 FY 18 FY 19 FY 20 Source : Department of Industry Policy & Promotion, Govt. of India Source : Society of Indian Automobile Manufacturers (SIAM) 6

Changing Trends Old New 7

Total Commercial Vehicle Industry (Nos. in ‘000) 1200 1107 953 1000 330 823 788 778 702 800 296 161 171 271 265 600 201 135 118 120 113 100 400 616 522 489 432 200 401 410 0 FY 15 FY 16 FY 17 FY 18 FY 19 FY 20 12 ton & above 5 ton to 12 ton Upto 5 ton 8