TITAN Q3 Earnings Presentation

2023 Financial Outlook Revenue (in $B) $2.17 FY 2022 Actual Adj. EBITDA (in $M) Free Cash Flow (in $M) $110 - $120 $253 $1.85 - $1.9 FY 2023 Outlook $114 $200 - $210 FY 2022 Actual FY 2023 Outlook FY 2022 Actual FY 2023 Outlook Market Financial Context: Net Sales: While underlying macroeconomic conditions in Ag and Construction remain strong, 2023 net sales are expected to be negatively impacted by OEM customer inventory destocking, primarily in North and South America. Adjusted EBITDA: Despite lower expected revenue levels in 2023, Titan is expected to deliver strong results on the bottom line. At $200 to $210M, Adj. EBITDA 2023 is expected to be the third strongest year in Titan's history in terms of profitability. Free Cash Flow: $110 to $120M, Titan is expected to deliver similar FCF to 2022, despite lower profitability levels, in part due to continued focus on working capital management. TITAN 21

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