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Q1 FY2027 Strong Growth , Market Leadership and Profitability Resilience Investor Presentation Aug 2026 TENNECO General Business - Tenneco Confidential 1
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Disclaimer Important Disclosures and Forward-Looking Statement 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 informational needs of any particular person, and shall not constitute, or be relied upon in connection with, any offer, solicitation, or invitation to subscribe for or purchase any securities of the Company. No offering of securities will be made except by means of a statutory offering document containing detailed information about the Company. Nothing herein shall form the basis of, or be relied on in connection with, any contract or binding commitment whatsoever. This presentation and its contents are confidential and may not be copied, reproduced, distributed, or disseminated, directly or indirectly, in any manner without the prior written consent of the Company. Any failure to comply with these restrictions may constitute a violation of applicable law in certain jurisdictions. By reviewing this presentation, you agree to be bound by these restrictions and to maintain strict confidentiality regarding the information contained herein. The information and data contained in this presentation have been compiled from sources the Company believes to be reliable; however, the Company makes no representation or warranty, express or implied, as to the accuracy, completeness, fairness, or reasonableness of such information. This presentation may not contain all of the information that you may consider material, and no reliance should be placed on the contents herein. The Company expressly disclaims any and all liability for any loss arising from, or in reliance upon, the whole or any part of this presentation. This presentation may contain forward-looking statements, including, without limitation, statements regarding the Company’s market opportunity, financial performance, growth prospects, strategy, technological developments, and business plans. Such statements can often be recognized by the use of words such as “expects,” “plans,” “will,” “estimates,” “projects,” “intends,” or words of similar meaning. These 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, including but not limited to macro-economic conditions, competitive pressures, regulatory changes, changes in market preferences, execution challenges, and other risks. Actual results may differ materially and adversely from those expressed or implied herein. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by applicable law. Any forward-looking statements or projections made by third parties included in this Release are not adopted by the Company, and the Company is not responsible for such third-party information. 2
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3 Relentless Execution Delivering Growth, Market Share Expansion, and New Customer Additions Arvind Chandrasekharan WTD and CEO Operational Highlights CEO Update “Our strong start to FY2027 reflects the resilience of our diversified business model, disciplined execution, and continued focus on delivering technology-led solutions to our customers. During the quarter, we delivered strong double-digit Value-Added Revenue growth, outpacing growth in our served markets. We continued to gain market share across key segments, with FY2026 value market share increasing to 58% (+1% YoY) in commercial vehicle Clean Air Solutions, 55% (+3% YoY) in passenger vehicle shock absorbers and struts and sustained 68% in off-highway Clean Air Solutions. In CA & PT, we strengthened customer partnerships through strategic program nominations across passenger vehicle and commercial vehicle platforms. During the quarter, we secured an order for spark plugs with one of the largest passenger vehicle OEM in India, leveraging our technical expertise and strong existing relationships across other product segments to enter a new whitespace opportunity. In ART, we continued to win new programs with existing customers while adding new customers for DCx Da Vinci, further reinforcing our leadership position in this product segment. In export markets, ART secured its maiden order from a leading European ATV manufacturer, gaining entry into a new whitespace. Additionally, the company won a heat shield (PT segment) order from Tenneco America further strengthening its export market position. During the quarter, we were recognized by leading OEMs for innovation, technology leadership, and operational performance, further reinforcing the trust our customers place in us. Looking ahead, we remain focused on executing our strategy, investing in future technologies, and creating long-term value for all stakeholders.” 18.4% Q1 FY2027 VAR Growth (YoY) 4 New customers won in the ART segment New Customers CV – CA* PV – ART** 58% 55% FY2026 Market Share*** Note:: * Commercial vehicle - Clean Air Solutions ** Passenger vehicle - shock absorbers and struts ***Source : CRISIL
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4 Disciplined Margin Management Via Strong Execution Mahender Chhabra Chief Financial Officer Operational Highlights“We delivered another quarter of healthy growth and resilient profitability despite significant commodity increases due to the current geopolitical situation and the cost of moving from a private to a listed public company. Revenue from operations increased to INR 15.4 billion (+20.2% YoY), while Value Added Revenue increased to INR 13.8 billion (+18.4% YoY), driven by higher volumes and new program launches. EBITDA for the quarter increased to INR 2,469 million (+7.9% YoY), with EBITDA margin of 17.9% on VAR. By actively leveraging the P3 framework, we continue to drive continuous improvement across safety, quality, delivery, and cost, while maintaining facilities that meet the highest global benchmarks. This has helped us deliver good performance despite market headwinds. PAT grew similar to EBITDA YoY growth excluding one-time benefit recorded in the corresponding quarter last year from selling our Motocare business and other one-off income. As we anticipate further headwinds, we remain focused on flawless P3 execution, prudent risk management, and commercial discipline to deliver profitable growth and long-term value creation for stakeholders." CFO Update Q1 FY2027 4.1 EPS (INR) Margin (%) YoY Growth (%) 12.0% -1.7%* Q1 FY2027 PAT Margin (%) YoY Growth (%) 17.9% 7.9% Q1 FY2027 EBITDA* PAT YoY growth would have been similar to EBITDA YoY growth excluding one-time benefit recorded in the corresponding quarter last year from selling our Motocare business and other one-off income.
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5 FINANCIAL HIGHLIGHTS Q 1 F Y 2 0 2 7
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6 2,469 17.9% +7.9% YoY (175) bps YoY 6 Q1FY27 Revenue Growth Outperforms Market VolumeQ1 FY2027 Key Highlights All numbers in INR million, unless specified 13,816 +18.4% YoY 94% Value Added Revenue EBITDA & EBITDA Margin (VAR) PAT & PAT Margin (VAR) ROCE FY2026 ▪ EBITDA margin: Remained resilient at 17.9% (+7.9% YoY growth), underscoring the strength of our operating model supported by productivity improvements, commercial discipline and operational excellence. This was achieved despite strong market headwinds due to commodities escalation and the cost of moving from a private to a listed public company. ▪ PAT YoY growth: Similar to EBITDA YoY growth excluding one-time benefit recorded in the corresponding quarter last year from selling our Motocare business and other one-off income. Margin Resilience: Strong Profitability Despite Cost Headwinds Strong Growth: New business wins validate market leading position 1,652 12.0% -1.7% YoY (245) bps YoY • Market volume outperformance: VAR¹ +18.4% (Q1) vs industry volume growth of 16.2% (Served Addressable Market)2. • ART Business: • Expanded the DCx Da Vinci suspension footprint through multiple new application wins across existing customers,. Four new customers were added in Q1 2027. Overall market share has grown from 52% to 55%. • Introduced DCx32, latest variant in the DCx family, targeting the smaller vehicles (smaller bore of 32mm). • Successfully completed fitment and comparison performance of MARD (Mechanical Adaptive Roll Damping) dampers (dampers for antiroll bar) with a leading domestic OEM. • Won the Innovation and Performance Award from Mahindra and Ride Performance Award 2026 from ET Auto Tech. • CA & PT Business: • Secured multiple new program nominations from leading passenger and commercial vehicle OEMs, covering ignition, hot-end, cold-end, and pipe assembly applications - • Secured a strategic Spark Plug order from India's leading passenger vehicle OEM. • A new passenger vehicle exhaust program (hot end) from a leading Indian passenger car OEM. • A new CNG platform cold-end assembly program from a global OEM for two models in India. • An upcoming 2.0L engine emission after treatment system program from a leading domestic commercial vehicle OEM for their SCV range. • Reinforced spark plugs compatibility with flex-fuel applications up to E85 indicating future readiness. • Won “Technology & Innovation Award” from DICV (Daimler India Commercial Vehicles), highlighting Tenneco Clean Air India’s innovation and technology leadership 1. VAR (Value Added Revenue) is used as the primary metric as it excludes pass-through substrate costs from the revenue from operations and better reflects the underlying operating performance, margins, and comparability across periods. 2. Source: Society of India Automotive Manufacturers and TMA for tractors; Addressable market includes passenger vehicles and commercial trucks.
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Quarterly Performance (Q1 FY2027) 7 12,856 15,524 15,448 Q1 FY26 Q4 FY26 Q1 FY27 1,681 1,668 1,652 Q1 FY26 Q4 FY26 Q1 FY27 2,289 2,573 2,469 Q1 FY26 Q4 FY26 Q1 FY27 11,665 14,058 13,816 Q1 FY26 Q4 FY26 Q1 FY27 EBITDA & PAT Margin (% VAR) +20.2% EBITDA VAR PAT Note: VAR (Value Added Revenue) is used as the primary metric as it excludes pass-through substrate costs from the revenue from operations and better reflects the underlying operating performance, margins, and comparability across periods. Audited by Independent Chartered Accountants Revenue from Operations -1.7% +18.4% +7.9% 19.6% 18.3% 17.9% 14.4% 11.9% 12.0% ▪ VAR grew 18.4% YoY, driven by higher volumes and new program wins. ▪ EBITDA grew 7.9%, supported by strong topline growth and operating efficiencies, offsetting cost pressures from geopolitical situation and incremental administrative costs associated with being a listed entity. ▪ PAT YoY growth would have been similar to EBITDA YoY growth excluding one-time benefit recorded in the corresponding quarter last year from selling our Motocare business and other one-off income. All numbers in INR million, unless specified
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