Investor Presentation January 2024 slide image

Investor Presentation January 2024

Participate in Growing & Attractive End Markets ↑ Global Automotive Parts / Passenger Vehicle Grid and Electrical, 20% Commercial Vehicle T Global heavy-duty truck market estimated at 3.1 million units in 2023 Heavy-duty commercial vehicle sector is expected to continue to expand annually, delivering a CAGR of 3.3%, reaching 3.7 million units by 2028 Engine advancements focused on emission reduction and enhanced vehicle functions Source: GlobalData • • Modest market growth expected in 2024, with the market improving from a constrained year in 2023 Growth expected to overcome weaker economic outlook (LV) output. China market rapidly evolving which historically prompts contractions in light vehicle More normalized supply-side & vehicle pricing strategy expected to provide further support to 2024 Auto Parts/ Passenger Vehicle Comm'l Vehicle, 10% 40% Source: GlobalData ↑ Medical Components • • Orthopedic sales expected to increase 3.4% for 2023 and 3.4%-3.7% year-over-year through 2026 Procedure volumes in most product segments and geographic regions have normalized since COVID-19 While there may be pockets of backlogged procedures that produce a market demand tailwind, this anticipated upside may be partially offset by staffing shortages Source: ORTHOWORLD NN Inc., Investor Presentation | January 2024 Medical, 4% General Industrial, 21% Grid and Electrical Investment Global power grid market expected to grow at a CAGR of 4.37% thru 2032 Growing energy needs from residential and industrial sectors, the ongoing shift towards renewable energy sources, and the adoption of new technologies are projected to drive the levels of market demand across the forecast period Source: Polaris Market Data 7
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