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
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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
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Reduced cyclical correlation, expanded customer base and wallet share
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Reduced leverage from ~11.5x in 2019 to ~1x today
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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
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