Titan International, Inc. (de) · NYSE:TWI

Titan International, Inc. (de) — Sidoti & Company Spring 2019 Investor Conference

21 slides from Titan International, Inc. (de)'s conference presentation, Mar 28, 2019

  1. Slide 1: Sidoti Presentation

    Sidoti Presentation March 28, 2019

  2. Slide 2: Safe Harbor Statement

    Safe Harbor Statement SAFE HARBOR STATEMENT: 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 ex

  3. Slide 3: Titan International Overview

    Titan International Overview  Titan International Inc. (TWI) is a publicly traded company on the New York Stock Exchange. Headquartered in the heartland of the U.S. in Quincy, Illinois, Titan has grown to become a top global manufacturer of off-highway wheels, tires, assemblies and undercarriage pr

  4. Slide 4: Titan International Overview: Strategy

    Titan International Overview: Strategy To become the worldwide leader in manufacturing and distribution of wheels, tires, assemblies and undercarriage products and to serve our customers’ needs through product innovation and quality service in our key markets:  Agriculture  Earthmoving/Constructio

  5. Slide 5: Titan International Overview: Customers

    Titan International Overview: Customers 5

  6. Slide 6: Titan International Overview: Global Footprint

    Titan International Overview: Global Footprint Europe  Ceprano, Italy  Kidderminster, UK  Fanano, Italy  Monreal del Campo, Spain  Finale Emilia, Italy  Potenza, Italy  Flers, France  St. Helens, UK  Gevelsburg, Germany  Valsamoggia, Italy  Jesi, Italy  Volgograd, Russia North America 

  7. Slide 7: Agriculture

  8. Slide 8: AGRICULTURE: Market Summary

    AGRICULTURE: Market Summary  Large hp equipment (4WD tractors and Combines) remain well below historical averages.  Ag-related commodity prices remain lower and have declined in the midst of tariffs and trade concerns.  Farmer income has stabilized and is expected to be similar in 2019 as compare

  9. Slide 9: AGRICULTURE: Innovation Highlights

    AGRICULTURE: Innovation Highlights 9

  10. Slide 10: AGRICULTURE: Low Sidewall Technology

    AGRICULTURE: Low Sidewall Technology 10

  11. Slide 11: AGRICULTURE: Low Sidewall Technology

    AGRICULTURE: Low Sidewall Technology From planting trials to customer testimonials to growing sales – our LSW tires and wheels continue to prove themselves. 2018 was another banner year for one of our leading innovations. 11

  12. Slide 12: Off-the-Road (OTR)

    OFF-THE-ROAD (OTR) EARTHMOVING/ CONSTRUCTION/MINING ROS 6 ok ve mre ay. Dp a nln lates ad) As lydia DPR ald ong ee a

  13. Slide 13: OTR: Market Summary

    OTR: Market Summary  Demand for larger construction equipment used for highways and infrastructure remains strong.  Private construction spending for residential and non-residential remains strong.  Overall mining equipment demand has strengthened within certain regions with commodity prices impr

  14. Slide 14: OTR: ITM Products & Customers

    OTR: ITM Products & Customers 14

  15. Slide 15: OTR: ITM Product Applications

    OTR: ITM Product Applications 15

  16. Slide 16: Financial Overview

    Financial Overview

  17. Slide 17: Financial Overview: Highlights & Challenges

    Financial Overview: Highlights & Challenges Full-Year 2018 Financial Highlights  Net sales increased $133.5 million, or 9.1% YOY, and net sales increased 11.3% on a constant currency basis  Gross profit increased $38.0 million, a 23.7% YOY improvement  SG&A expenses were $134.8 million (8.4% of n

  18. Slide 18: Financial Overview: Sales and Gross Margin

    Financial Overview: Sales and Gross Margin 50 % $690 $694 $7 50 45 % $652 $583 $6 50  Net Sales: Up 1% FY ‘18 vs. FY ‘17 40 % $5 50 35 % 30 %  Gross margin improved ~120 bps compared to FY ’17 $4 50 25 % 20 % $3 50 AG 43% 15 % 10 % $2 50  Unfavorable currency translation, primarily in Latin Ameri

  19. Slide 19: Financial Overview: 2019 Outlook

    Financial Overview: 2019 Outlook (Amounts in millions) 2018 Actual 2019 Outlook $1,698 – $1,722 6% – 7.5% Growth Net Sales $1,602 $722 – $736 (Ag) 4% – 6% (Ag) $801 – $812 (OTR) 8% – 9.5% (OTR) $170 – $174 (Con) 2.5% – 4.5% (Con) Gross Margin $198 $217 - $227 Between 12.8% – 13.2% SGA & RD $146 ~$15

  20. Slide 20: Financial Overview: Current Liquidity Backdrop

    Financial Overview: Current Liquidity Backdrop Current Liquidity Sources of Liquidity All figures in millions of USD • Cash in bank Cash in Bank, As of December 31, 2018 82 • 2019 expected improved operating cash flow US credit facility availability • US credit facility availability, including Curre

  21. Slide 21: Q & A

    Investor Relations Titan Website: www.titan-intl.com todd.shoot@titan-intl.com Q&A Paul Reitz & David Martin 21

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