Titan International : Investor Presentation - June 2025

Published: 2025-07-01 11:52:07 ET TWI

Published on 07/01/2025 at 11:52

WHO WE ARE

Titan is a global leading manufacturer of off -highway tires, wheels & undercarriage equipment.

WHY WE MATTER

We produce equipment to help farmers feed the world, outdoor enthusaists get the most out of their equipment, construction operators develop projects & miners extract resources.

We have cultivated longstanding relations with blue-chip OEM customers who rely on us as a complete solutions provider, with an expanded 'one stop shop' offering for aftermarket customers

For decades, we have brought innovative products to market that make equipment run better

Titan International Overview

KE Y DATA

Enterprise Value2

$878M

Market Cap

$467M

Total Revenues (TTM Mar'25)

$1.85B

Adjusted EBITDA (TTM Mar'25)

$109M

FCF (TTM Mar'25)

$37M

Net Debt3

$411M

Leverage Ratio

3.8x

WHAT WE DO ( OUR 3 SEGMENTS)

Proforma Revenue1

•

•

•

Agriculture - tires & wheels for all types of Ag equipment from tractors & harvesters to sprayers, planters and irrigation pivots.

Earthmoving / Construction (EMC) - undercarriages (including steel tracks), wheels and tires for earthmoving, mining, construction & forestry equipment.

Consumer - tires and wheels for outdoor power equipment, power sports, and high-speed trailers; custom rubber mixing.

Ag EMC Consumer

1 Segment revenue split is based on Mar'25 TTM

2 Enterprise Value and Market Cap as of 4/29/25

Strategic Actions Have Elevated The Baseline

3

2

Product Innovation

1

Pre-2019

Underperforming assets, inefficient supply chain

Lack of optimization & operational inefficiencies

Highly-levered balance sheet

Focus on Core

4

Carlstar Acquisition

Titan including Carlstar have proven earnings power of

~$250M to $300M Adjusted EBITDA mid-cycle

New Titan Foundation

Optimized Product Portfolio

Strong Customer Relationships

Expanded Aftermarket Business

Stronger Financial Foundation

Focus on Free Cash Flow Generation

Fortified Balance Sheet

TWI Key Investment Points

Titan's Strong Foundation

Strong Competitive Position

Long-standing relationships with blue-chip OEMs, aftermarket dealers, and consumers

Globally recognized brands for quality and innovation

World -class production and engineering capabilities coupled with unmatched tooling assets

Sole focus on Off the Road ("OTR") products

Localized manufacturing mitigates risk for both Titan and our customers

Significant barriers to entry - products are often large and require complex assembly

One stop shop strategy optimizes customer purchasing processes

Financial Improvement

Gross Margins significantly improved compared to prior cyclical trough (2019-2020)

Lower volatility aftermarket business, bolstered by Feb 2024 acquisition of Carlstar, provides some dampening of OEM business cyclicality

Sustained focus on driving FCF by tightly managing working capital and CAPEX

Essential products used by top global manufacturers and operators of OTR equipment

The Opportunity Multi-decade secular growth driven by growing global agriculture and infrastructure needs Organic growth opportunities through continued product innovation, strategic supplier

sourcing, LSW expansion and M&A synergies

Disclaimer

Titan International Inc. published this content on June 30, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on July 01, 2025 at 15:51 UTC.