cummins_siran teleconference

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Microsoft PowerPoint - SIRAN teleconference - FINAL

SIRAN TeleconferenceSeptember 5, 2007

2Disclosure Regarding Forward-Looking Statements & non-GAAP Financial Measures

This presentation contains certain forward-looking information. Any forward-looking statement involves risk and uncertainty.

The Companys future results may be affected by changes in general economic conditions and by the actions of customers and competitors. Actual outcomes may differ materially from what is expressed in any forward-looking statement. A more complete disclosure about forward-

looking statements begins on page 61 of our 2006 Form 10-K, and it applies to this presentation.

This presentation contains certain non-GAAP financial measures such as earnings before interest and taxes (EBIT). Please refer to our website

(www.cummins.com) for the reconciliation of EBIT to GAAP financial measures.

3Agenda

Well positioned for sustained earnings growth Dean Cantrell, Director Investor Relations

Creating cleaner and healthier environment Tina Vujovich, Vice President, Marketing &

Environmental Policy

Living our Core Values at Cummins Marya Rose, Vice President, General Counsel &

Corporate Secretary

4Our Vision/MissionVISIONVISION

Making peoples lives better by unleashing the Power of Cummins.

MISSIONMISSION Motivating people to act like owners working

together.

Exceeding customers expectations by always being the first to market with the best products.

Partnering with our customers to make sure they succeed.

Demanding that everything we do leads to a cleaner, healthier, safer environment.

Creating wealth for all stakeholders.

5Diversified Global Power Leader

Four Complementary Businesses

Engines PowerGeneration

Components Distribution

6Creating Greater Shareholder Value

Doubled our revenue in 5 years Highest period of net earnings as a percent of

sales in over 40 years Generated $4.6 billion in EBITDA since 2003 Improved debt to capital from 60% in 2003 to 17%

today Actively repurchased 3.5 million shares in 2 years Exceeded both ROANA and ROE targets for over

three years

7Focused on Sustained Earnings Growth

Our customers recognize Cummins for our technology leadership

Cummins global presence is unmatched by others

Cummins is well positioned for long-term growth

8Global Adoption Emission Standards

Mexico2008

Australia2008

Brazil2009

Europe2009US /

Canada2010

India2010

China2010

Off-highway2011-14

93500

Car

6000 8500 lb GVW >8500 lb GVW

Light Vehicles (