Driving Growth and Transformation in Agriculture Technology

Continuing to Drive Sustainable Outperformance 5-Year Financial Targets 5 - 8% Net Sales Growth1 >18% ROIC >14% Operating Margin 12-15% EPS Growth1 · ++ Key Assumptions Greater near to medium term focus on funding growth with R&D and digital innovation 1.0x • FCF conversion target is long-term over the cycle Net Earnings FCF Conversion • Financial targets based on performance through the cycle • Excludes future divestitures Run Grow Transform Strategy Driving Expectations Higher and Enabling a More Resilient Business 1 Estimated compound annualized growth rates from base year 2022; organic sales growth only CONSERVING RESOURCES. IMPROVING LIFE: Valmont 93

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