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)
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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
3View entire presentation