Investing For Growth - New Products and Research

AAON Nonresidential Construction Spending* 20.0% 15.0% 10.0% 5.0% 0.0% -5.0% -10.0% -15.0% Mar-18 Jun-18 Sep-18 Dec-18 Mar-19 Jun-19 Sep-19 Dec-19 Mar-20 Jun-20 Sep-20 Construction Spending Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Y/Y Growth 500,000 480,000 460,000 440,000 420,000 400,000 380,000 360,000 *Includes only sectors that related to a majority of AAON's sales, including lodging, office, commercial, healthcare, education and manufacturing. Source: www.census.gov 20 (in $ millions)

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