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 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 Execution of Our Strategy is Enabling Us to Accelerate Growth and Transform Our Business 1 Estimated compound annualized growth rates from base year 2022; organic sales growth only CONSERVING RESOURCES. IMPROVING LIFE: Valmont 17

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