TITAN Q3 Earnings Presentation slide image

TITAN Q3 Earnings Presentation

Titan International Overview WHY WE MATTER • We produce equipment to help farmers feed the world, construction operators develop projects & miners extract resources. TITAN • We have cultivated longstanding relations with blue-chip OEM customers who rely on us as a complete solutions provider. For decades, we have brought innovative products to market that make equipment run better WHO WE ARE Titan is a global leading manufacturer of off- highway tires, wheels & undercarriage equipment. WHAT WE DO (OUR 3 SEGMENTS) • Agriculture - wheels & tires for all types of Ag equipment from tractors & harvesters to sprayers & irrigation pivots. Earthmoving / Construction (EMC) – undercarriages (including steel tracks), wheels and tires for earthmoving, mining, construction & forestry equipment. Consumer - bias truck tires (LatAm) & light truck tires (Non-US); custom rubber mixing (US), high speed brakes (EUR) & turf tires. TITAN KEY DATA Share Price1 $12.47 Market Cap $772M Total Revenues (TTM)² $1.94B TTM Revenues Total Revenues (2023E)³ $1.88B Adjusted EBITDA (TTM) $220M Adjusted EBITDA (2023E) $205M FCF (2023E) $115M Net Debt $215M Leverage Ratio 1.0x Ag OEMC □ Consumer 1 Share Price is 50 day moving average as of 10/30/23, market Cap utilized 61.9 Million shares outstanding as of 10/24/23. 2 TTM financials, Net Debt and Leverage Ratio as of 9/30/23 32023 Estimates represent midpoint of guidance issued with Q2, 2023 Earnings Release 3
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