Titan International (TWI) Oppenheimer 21st Annual Industrial Growth Virtual Conference summary

Company overview and market positioning

• Manufactures wheels, tires, and undercarriage components for major OEMs globally, with a strong manufacturing base in Brazil, North America, and Europe.

• Offers the broadest product portfolio in its sector, serving agriculture, earth-moving, construction, and consumer markets worldwide.

• Acts as a one-stop shop, producing about 95% of the tire types used on a typical farm, from small service vehicles to large combines.

• Differentiates through technical expertise, customized tooling, and deep end-user connections.

Leadership changes and transformation initiatives

• Recently promoted Tony Eheli to CFO and appointed former CFO David Martin as Chief Transformation Officer.

• Transformation efforts focus on leveraging AI for efficiency, quality improvement, and scrap reduction.

• Initial transformation targets include administrative efficiencies and contract reviews, with broader industrial process improvements planned.

• Board presentation on transformation strategy scheduled for June, with investor updates expected in Q2.

Tariffs, supply chain, and competitive landscape

• Tariffs have created both challenges and net benefits, reinforcing the company's value as a reliable supplier during market disruptions.

• Successfully won two unanimous USITC rulings against unfair tire imports, supporting the view that tariffs address an uneven playing field.

• Supply chain strategy includes joint ventures, overseas plants, and strategic partners to ensure flexibility and customer responsiveness.

• Supply chain has evolved significantly over the past three years, positioning the company well for future market shifts.