TITAN Q3 Earnings Presentation

Consistent Working Capital Management $193 Net Q3 - Working Capital ($M) 26.8% 2022 --- 2023 Q1 Q2 Q3 Q4 Q1 Q2 Q3 25.2% Days Sales 51 48 49 48 Outstanding (DSO) ...... 54 53 53 5.4 54 21.1% 20.7% Days A/P in 84 85 85 87 86 81 90 90 101 Inventory (DPI) $413 $373 $360 Days Payable (60) (57) (55) (57) (57) (55) -55 $284 $261 $282 Outstanding (DPO) $239 Cash Conversion Cycle 75 76 81 77 78 88 100 $151 $195 $254 $257 Working Capital (% 19.4% 19.1% 20.7% 19.6% 20.0% 22.2% 25.2% of Sales) 2020 2021 2022 2023 Cash ($M) $98 $117 $117 $160 $164 $196 $212 AR Inventory AP -Working Capital as % of Sales TITAN 24

View entire presentation