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Investor Presentaiton

$600,000 $500,000 $400,000 $300,000 $200,000 $100,000 $0 50 (in $ millions, annualized seasonally adjusted) Nonresidential Construction Starts Indicators Nonresidential Construction Planning Indicators $700,000 Mar-18 Sep-18 Mar-19 Sep-19 Mar-20 Sep-20 Mar-21 Sep-21 Mar-22 Sep-22 Mar-23 -40.0% -60.0% Source: www.aia.org, www.constructconnect.com, www.construction.com Jan-21 Mar-21 -Y/Y change 160% 140% 80.0% 120% 60.0% 100% 80% 40.0% 60% 40% 20.0% 20% 0.0% 0% -20% -20,0%-20 -40% -60% Dodge Nonresidential Construction Starts INonresidential Construction Starts Mar-18 Sep-18 Mar-19 Sep-19 Mar-20 Sep-20 Architectural Billings Index 225 200 65 60 55 53.4 50 M 45 58.5 ستشر 58.0 175 50.4 150 125 100 40 35 30 29.5 25 20 Mar-21 Sep-21 Mar-22 Sep-22 Mar-23 75 50 25 0 Mar-18 Sep-18 May-21 Jul-21 Sep-21 Nov-21 Jan-22 Mar-2 May-22 Jul-22 Sep-22 ConstructConnect Nonresidential Construction Starts - 3-Month Rolling Average Y/Y Change Mar-19 AAON® Nonresidential Construction Leading Indicators Sep-21 Mar-22 Sep-22 Mar-23 Nov-22 Dodge Momentum Index 50% Index Y/Y Growth 40% 30% 20% 10% 0% -10% -20% -30% Jan-23 Mar-23 87 88
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