TITAN Q3 Earnings Presentation slide image

TITAN Q3 Earnings Presentation

Why Invest in TWI ? Financial Improvement Titan's Strong Foundation Global Market Leadership Strong Global End Market Demand Strategic Transformation Sustained Financial Performance The Opportunity TITAN • • • • • Long-standing relationships with blue-chip OEMs, dealers, and consumers Recognized global brands History of market share gains through new product development Macro: Growing Global Ag and Infrastructure needs driving multi-decade demand 2023: Effectively navigating industry-wide post-pandemic destocking dynamic 2024: Well-positioned to benefit from expected return of inventory /order alignment Optimized portfolio and improved price discipline Invested in operational efficiencies Enhanced working capital management "One Titan❞ enterprise-wide culture transformation Raised gross margin and cash flow baselines • Reduced cyclical correlation, expanded customer base and wallet share $ • Reduced leverage from ~11.5x in 2019 to ~1x today - Supports balanced capital allocation – share buyback, organic investments, highly selective M&A Consistent Earnings and Cash Flow Generation via Organic Growth Investments & Highly Selective, Value-Focused M&A to advance manufacturing/product capabilities and distribution, positioning Titan to capture improved and sustained return on capital *Leverage profile defined as Net Debt/TTM Adj. EBITDA 4
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