Investor Presentaiton

AAON® Current Nonresidential Construction Market Nonresidential Construction Spending - AAON Sectors 30.0% 25.0% 20.0% 15.0% 10.0% 5.0% 0.0% -5.0% -10.0% -15.0% Mar-18 Jun-18 Sep-18 Dec-18 Mar-19 Jun-19 Sep-19 Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 610,000 560,000 510,000 460,000 410,000 Construction Spending -Y/Y Growth *Includes only sectors that related to a majority of AAON's sales, including lodging, office, commercial, healthcare, education and manufacturing. Source: www.census.org Dec-22 Mar-23 360,000 (in $ millions) 86

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