TITAN Q3 Earnings Presentation slide image

TITAN Q3 Earnings Presentation

EMC Segment EMC Segment Facts The majority of EMC revenue is undercarriage parts and complete undercarriage solutions under the premium ITM brand, which operates globally in both the OEM and aftermarket channels ITM also operates a European foundry, which produces customized steel-cast products for construction and mining markets providing significant competitive advantage This segment also includes wheels and tires sold primarily in North and South America and Europe, and supports various types of OTR earthmoving, mining, construction, road building and forestry equipment Key Segment Drivers Construction demand driven by commodity prices, road construction, infrastructure, government appropriations, housing starts and other macroeconomic drivers Construction and Earthmoving markets in good position due to low inventory levels, solid non-residential construction and mineral commodity prices as relatively high levels Ilm Undercarriage parts produced in Europe, Latin America, North America, and Asia and distributed globally TITAN Tires and wheels produced in North America, Europe and CIS and distributed globally SINCE 1898 FARM TIRES MADE BY TITAN" Tires produced in North America and Latin America and distributed globally ■ Improving market fundamentals are anticipated to support continued improvement in 2023 and beyond TITAN Revenue ($M) & Gross Margin (%) Revenue -Gross Margin $649 $510 $807 $724 $693 17% 17% 12% 10% 9% GOOD YEAR 2019 2020 2021 2022 TTM 16
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