Investor Presentaiton

WIND TOWERS OUTLOOK 2023 is a transition year for wind towers as we ramp production and invest in our New Mexico facility to prepare for the expected multi-year upcycle 15 10 5 Long-Term Recovery in Wind Industry Expected in 2024 and Beyond 10-year PTC extension, passed in August 2022, is expected to boost capacity in the U.S., after the industry recovers in the near term from the temporary lapse U.S. Onshore Wind Installations (2020-2029)¹ (GW) 0 2020 21 22 23 Forecast 24 25 26 27 28 29 Since the passage of IRA in August 2022, we have received wind tower orders in excess of $1.1 billion for delivery through 2028 Four Manufacturing Facilities to Support U.S. Energy Transition Newton, IA Utility, Wind, and Related Structures Backlog Belen, NM ($M) (new brownfield facility announced Mar 2023) 1,451 633 597 Wind industry transitioning to no PTC 671 Tulsa, OK Strategic investment in New Mexico facility 438 334 4Q18 4Q19 4Q20 ¹Wood Mackenzie, Q3 2023 Market Outlook (September 2023) 17 MOVING INFRASTRUCTURE FORWARD | 2023 4Q21 4Q22 3Q23 Well positioned to support wind investment in the Southwest Five-year firm order with additional capacity available Similar potential manufacturing capacity as other three facilities ~$55-60 million investment with attractive return profile Production expected to begin in mid-2024 Clinton, IL (currently idled) A

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