TITAN Q3 Earnings Presentation
Agriculture Segment
Ag Segment Facts
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Wheels, tires, and undercarriage components for use on a variety
of agricultural equipment
Wide range of wheel and tire sizes including the largest
agricultural wheel in North American and the largest agricultural
tire in the world
Market leading products, innovation expertise, and global
manufacturing footprint drive Titan's competitive advantage
Key Segment Drivers
■
"
Large Ag retail demand continues at strong levels supported by
replacement needs for aging equipment fleet
U.S. Farmer sentiment is strong, with net farm income well above
historical levels, supported by strong crop prices
In Europe, pent up demand levels provide support in 2023 and
beyond
LatAm market remains strong with significant runway for
continued growth due to low inventory levels and positive trends
for global Ag economy
TITAN
Tires and wheels produced
in North America, Europe
and CIS and distributed
globally
SINCE 1898
GOOD YEAR
FARM TIRES
MADE BY TITAN
Tires produced in
North America and Latin
America and distributed
globally
Im
Undercarriage parts
produced in Europe, Latin
America, North America, and
Asia and distributed globally
Revenue ($M) & Gross Margin (%)
Revenue
-Gross Margin
$949
$652
$635
$1,192
$1,063
16%
16%
14%
11%
9%
2019
2020
2021
2022
TTM
TITAN
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