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INVESTOR PRESENTATION – October 2026 NYSE: TWI
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Forward-Looking Statements The accompanying material includes forward-looking comments and information concerning the company’s expectations and objectives for the future. Readers of this material should understand that these forward-looking statements are based on the Company’s expectations and subject to a number of risks and uncertainties, certain of which are beyond the Company’s control. Actual results may differ materially from those projected in these forward-looking statements as a result of certain factors which are contained in the Company’s most recent 10K filing. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. In light of these risks and uncertainties, there can be no assurance that the forward-looking information contained in this document will in fact transpire. Reconciliation of GAAP to Non-GAAP Financial Measures The Company reports its financial results in accordance with generally accepted accounting principles in the United States (GAAP). These supplemental schedules provide a quantitative reconciliation between each of adjusted net income attributable to Titan, EBITDA, adjusted EBITDA, net sales on a constant currency basis, and net debt, each of which is a non-GAAP financial measure and the most directly comparable financial measures calculated and reported in accordance with GAAP. We present adjusted net income attributable to Titan, adjusted earnings per common share, EBITDA, adjusted EBITDA, net sales on a constant currency basis, and net debt, as we believe that they assist investors with analyzing our business results. In addition, management reviews each of these non-GAAP financial measures in order to evaluate the financial performance of each of our segments, as well as the Company’s performance as a whole. We believe that the presentation of these non-GAAP financial measures will permit investors to assess the performance of the Company on the same basis as management. Adjusted net income attributable to Titan, adjusted earnings per common share, EBITDA, adjusted EBITDA, net sales on a constant currency basis, and net debt should be considered supplemental to, not a substitute for, the financial measures calculated in accordance with GAAP. One should not consider these measures in isolation or as a substitute for our results reported under GAAP. These measures have limitations in that they do not reflect all of the costs associated with the operations of our businesses as determined in accordance with GAAP. In addition, these measures may be calculated differently than non-GAAP financial measures reported by other companies, limiting their usefulness as comparative measures. We attempt to compensate for these limitations by analyzing results on a GAAP basis as well as a non-GAAP basis, prominently disclosing GAAP results and providing reconciliations from GAAP results to non-GAAP results. 2 Forward-Looking Statements & Non-GAAP Metrics
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3 1. Overview 2. Key Investment Points 3. Agriculture Segment 4. EMC Segment 5. Consumer Segment 6. Appendix Table of Contents
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4 Titan International Overview WHAT WE DO (OUR 3 SEGMENTS) • Agriculture – tires & wheels for tractors, harvesters, sprayers, planters and irrigation equipment. • Earthmoving / Construction (EMC) – wheels and tires for earthmoving, mining, construction & forestry equipment. • Consumer – tires and wheels for outdoor power equipment, powersports and high-speed trailers; custom rubber mixing. KEY DATA Enterprise Value2 $1.0B Market Cap $467M Total Revenues (Sep’26 TTM) $1.4B Adjusted EBITDA (Sep’26 TTM) $67M FCF (Sep’26 TTM) ($22M) Net Debt3 $393M Leverage Ratio 3.9x Ag EMC Consumer WHO WE ARE Titan is a global leader in off-highway tires and wheels. WHY WE MATTER • We produce essential equipment that helps feed the world, build critical infrastructure, support outdoor lifestyles and access the resources that power the global economy. • We leverage longstanding OEM relationships and a growing one-stop shop offering to simplify how customers buy and source products. • For decades, we have delivered innovation that drives performance, efficiency and value. Segment Revenue1 1 Segment revenue split is based on Sep’26 TTM 2 Enterprise Value and Market Cap as of 9/23/26 3 Net Debt and Leverage Ratio as of 9/30/26
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5 Titan’s Operating Strategy “Our One-Stop Shop strategy enables us to provide the ultimate solutions for our customers and to serve them better than anyone in the industry.” - Paul Reitz, Titan CEO What does this do for Titan? Expands Product Offering Creates Global Customer Flexibility Strengthens Market Leadership
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✓ The ITM sale simplifies Titan, enabling us to focus our people and capital on wheels, tires, assemblies, and aftermarket solutions –where we have the strongest strategic fit and competitive advantage. ✓ It advances our One-Stop-Shop strategy by creating more capacity to invest and strengthen our position in the markets we serve. ✓ The sale also strengthens our balance sheet, providing greater flexibility to accelerate organic and inorganic growth investments. 6 The transaction positions Titan as a more focused company, with greater flexibility and a clearer path to growth. Pro-forma TTM1 Revenue $1.4B Gross Profit $196M Gross Margin 14.0% AEBITDA $67M Net Debt $393M Leverage Ratio 3.9x 1Pro forma figures based on reported amounts as of September 30, 2026, adjusted to reflect the sale of ITM. ITM Sale – Transaction Rationale
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7 TWI Key Investment Points Strong Competitive Position • Dedicated OTR focus with deep expertise across off-highway markets • Localized manufacturing footprint that enhances supply chain resilience • High barriers to entry supported by complex products and manufacturing processes • One-stop shop strategy that simplifies purchasing and sourcing Global Market Leadership • Longstanding customer relationships spanning OEMs, aftermarket dealers and consumers • Globally recognized brands known for quality and innovation • World-class manufacturing and engineering supported by unmatched tooling assets The Opportunity Multi-decade growth drivers supported by global agriculture and infrastructure demand Organic growth opportunities through innovation, sourcing, LSW expansion and M&A synergies Sustained Financial Performance • Improved margin profile versus prior cyclical trough (2019-2020) • More resilient business mix supported by growth in the aftermarket segment, reducing exposure to OEM cyclicality • Disciplined cash flow management focused on working capital and CAPEX Titan’s Strong Foundation Financial Improvement Essential products used by leading global manufacturers and operators
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North America ⚫ Quincy, IL ⚫ West Chicago, IL (Corporate headquarters) ⚫ Bryan, OH ⚫ Graniteville, SC ⚫ Des Moines, IA ⚫ Kent, WA ⚫ Freeport, IL ⚫ McDonough, GA ⚫ Clinton, TN ⚫ Edwardsville, KS ⚫ Aiken, SC ⚫ Fontana, CA ⚫ Jefferson, GA ⚫ Slinger, WI ⚫ Querétaro, Mexico ⚫ Edmonton, Canada ⚫ Union City, TN ⚫ Waterloo, Canada 8 Unmatched Global Footprint, High Barriers to Entry ⚫ Tires ⚫ Wheels ⚫ Distribution Serving customers regionally and locally provides significant competitive advantage $1.4B Sep26 TTM Revenue 6,700 Global Employees 14.0% Sep’26 TTM Gross Margin $67M Sep’26 TTM Adj. EBITDA 3.9x 1 Net Debt Leverage ($22M) Sep’26 TTM Free Cashflow Latin / South America ⚫ Buenos Aires, Argentina ⚫ Cali, Colombia ⚫ Iquique, Chile ⚫/⚫ Lima, Peru ⚫ São Paulo, Brazil ⚫ Belo Horizonte, Brazil ⚫/⚫ Santiago, Chile Europe / CIS ⚫ Finale Emilia, Italy ⚫ Kidderminster, UK ⚫ Flers, France ⚫ St. Helens, UK ⚫ Jesi, Italy ⚫ Volgograd, Russia ⚫ Budapest, Hungary Asia / Africa ⚫ Aydin, Turkey ⚫ Heidelberg, South Africa ⚫ Liuzhou, China ⚫ Meizhou, China 1 (Sep’26 ending Net Debt) / (Sep’26 TTM Adjusted EBITDA)
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9 Driving Organic Growth ▪ Strategic Sourcing– expanding into new product categories through strategic partnerships ▪ M&A Revenue Synergies – growing Carlstar products across new geographies (LATAM & Europe) and into Titan dealer network ▪ Product Development – advancing innovation across wheels and tires to provide value to our customers ▪ LSW Penetration – continued expansion of our flagship LSW product into small & mid size farms, Canada and pursuit of military opportunities One-Stop Shop M&A Revenue Synergies Product Development LSW Penetration Strategic Sourcing
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10 AGRICULTURE SEGMENT
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11 Industry-Leading Innovation in Agriculture Stubble Armor Tougher sidewall construction and a stubble- resistant compound for harsh field conditions Low Sidewall (LSW) LSW tires run at lower PSI with a larger footprint than duals or tracks – less soil compaction, less fuel, higher yields Cast Disc Wheel Eight width settings for different row crops, with cleaner design and fewer wheel weights
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$700M $670M 9.5% 10.0% 0% 2% 4% 6% 8% 10% 12% 14% 16% 18% $0.00 $100.00 $200.00 $300.00 $400.00 $500.00 $600.00 $700.00 $800.00 2025 Sep'26 TTM Revenue Adj. Gross Margin 12 Agriculture Segment Ag Segment Facts ▪ Market-leading products, innovation expertise and a global manufacturing footprint drive Titan's competitive advantage ▪ Broad product portfolio of wheels and tires ▪ Industry-leading scale, including the largest agricultural wheel in North America and the largest agricultural tire in the world Key Segment Drivers ▪ Favorable long-term fundamentals supported by population growth and protein-driven grain demand ▪ Significant upside as agricultural equipment markets recover from cyclical lows ▪ Aggressive OEM inventory reductions position the industry for improved production demand as inventories normalize ▪ Strong aftermarket demand supported by equipment utilization, with aging fleets driving future replacement cycles Revenue ($M) & Gross Margin (%) Tires and wheels produced in North America, Europe and CIS and distributed globally Tires produced in North America and Latin America and distributed globally
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13 LSW Delivers Better Economics Than Tracks ▪ Superior Alternative to Tracks: ▪ Less Compaction: LSW equipped machines deliver 25% less compaction than comparable tracked machines through lower and more consistent ground pressure. ▪ Cost Savings: Compared to tracks, end-users can save $100,000+ on initial investment while reducing maintenance and fuel costs. ▪ Continuing LSW Momentum across both OEM and Aftermarket channels: ▪ Enhanced Distribution: Expanded from the Midwest U.S. to North America, South America and Southern Africa. ▪ Expanded Size Offerings: LSW continues to move into new wheel and tire sizes, including the LSW1400/30R46, the world's largest farm tire. End-user enthusiasm and demand for industry leading technology remains high
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14 LSW Outperforms Conventional Dual Tire Setup LSW “SUPER SINGLES” • 40% less inflation pressure vs. conventional duals means less soil compaction and improved crop yields • Sizeable fuel savings vs. standard duals • Up to 40% greater ground contact area vs. conventional duals for increased traction • Superior on road comfort & performance The diagram on the left demonstrates deep soil compaction in the “pinch row” between tires, a common result of running conventional duals. Too much soil compaction can stunt plant growth and have a significant impact on yields. CONVENTIONAL DUALS • Create deep compaction zones jeopardizing yield potential in pinch rows • 3-foot wider turning radius vs. LSW Super Singles means higher fuel usage and time required per acre of land and less maneuverability
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CONSUMER SEGMENT
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16 Industry-Leading Innovation in Consumer All Terrain Trailer Tire Goodyear Softrac Pro Savage XTInvictus VPO Outdoor Power Equipment ▪ Softrac Pro is Titan’s first Goodyear- branded lawn and garden tire, modern look, superior traction and turf protection ▪ Titan’s patented VPO technology can operate at 0 PSI in normal conditions or higher PSI for heavier loads High Speed Trailer ▪ All Terrain Trailer Tire combines premium traction with off-road styling Powersports ▪ Savage XT delivers maximum traction across mud, rock and gravel
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$476M $498M 23.0% 22.0% 0% 5% 10% 15% 20% 25% 30% 35% $0.00 $100.00 $200.00 $300.00 $400.00 $500.00 $600.00 2025 Sep'26 TTM Revenue Adj. Gross Margin Tires and wheels produced in North America, Europe and CIS and distributed globally Revenue ($M) & Gross Margin (%) 17 Consumer Segment Consumer Segment Facts ▪ Expanded platform through Carlstar acquisition, now Titan Specialty, adding four manufacturing facilities and twelve distribution centers ▪ Leading consumer brands across powersports (ITP, CARLSTAR), outdoor power equipment and high-speed trailer markets ▪ Innovation-driven business where product design and performance drive consumer demand Key Segment Drivers ▪ One-stop shop offering deepens customer relationships and expands cross-selling opportunities ▪ Migration to suburban and secondary markets supports demand for outdoor power equipment and replacement tires ▪ Growing participation in outdoor recreation supports demand growth across powersports and high-speed trailer segments Tires and wheels produced in North America and China and distributed globally
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EMC SEGMENT
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$216M $234M 9.0% 8.0% 0% 2% 4% 6% 8% 10% 12% 14% 16% 18% 20% $0.00 $50.00 $100.00 $150.00 $200.00 $250.00 $300.00 2025 Sep'26 TTM Revenue Adj. Gross Margin 19 EMC Segment Revenue ($M) & Gross Margin (%)EMC Segment Facts ▪ OTR product portfolio of wheels and tires across mining, construction, earthmoving, road building and forestry equipment. ▪ Global wheel and tire footprint supports OEM and aftermarket customers through localized manufacturing and assembly solutions. Key Segment Drivers ▪ Demand supported by diverse end-market drivers, including commodity prices, infrastructure spending, road construction, and housing starts. ▪ Infrastructure investment supports construction activity, particularly in European construction and earthmoving markets. ▪ Clean-energy trends and data centers support long-term mining demand, benefiting key commodity markets and investment activity. Tires and wheels produced in North America, Europe and CIS and distributed globally Tires produced in North America and Latin America and distributed globally
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APPENDIX
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21 Diverse, Global Revenue Base North America 67% Europe/CIS 16% Latin America 15% Other 2% Revenue by Geography Original Equipment ("OE") 53%Aftermarket ("AM") 47% Revenue by Channel* Agricultural 48% Earthmoving/ Construction (“EMC”) 17% Consumer 35% Revenue by Segment Wheels 29% Tires 71% All Percentages represent Sep’26 TTM revenue Revenue by Product * Approximate Channel Split By Product • Tires: 45% OE / 55% AM • Wheels: 90% OE / 10% AM
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22 FY EBITDA Reconciliation Adj. EBITDA Reconciliation | FY 2025-Sep’26 TTM ($ Millions) 2025 Sep’26 TTM Net Loss from Continuing Operations (76) (95) (Benefit) / Provision for Income Taxes 42 41 Interest Expense, excluding Financing Fees Amortization 39 39 Depreciation & Amortization 54 55 EBITDA from Continuing Operations 59 40 Foreign exchange Loss 3 (0) Restructuring and Impairment Expenses - 27 Loss from Life Insurance Policy Termination 3 - Adjusted EBITDA from Continuing Operations 65 67 Adjusted EBITDA from Discontinued Operations 36 38 Adjusted EBITDA Attributable to Titan and Applicable to Common Shareholders 102 104 Adjusted EBITDA Reconciliations prior to 2025 can be found on Titan’s website: https://ir.titan-intl.com/financials/financial-summary/default.aspx
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23 Investor Relations Contact: Jeremy Hellman Phone: (212) 836-9626 jhellman@equityny.com investor.relations@titan-intl.com Investor Contact Information