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
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