Investor Presentaiton

170 160 150 140 Motor Vehicle Excise Tax North Dakota fiscal year, $ mil -November 2022 forecast ―March 2023 forecast 130 120 110 100 14 15 16 17 18 19 20 21 21 Sources: State of North Dakota, Moody's Analytics Moody's Analytics 22 23F 24F 25F March 2023

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