Q2 2014INVESTOR PRESENTATION

2

Titan International Products

Titan Strategy

Wheels

Undercarriage components (ITM)

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 / Construction

Consumer

Tires, and Assemblies Undercarriage components (ITM)

13

Titan/

Goodyear

40%

Others

<5% ea

27%

* Source: Modern Tire Dealer, December 2013

Market LeaderNorth American Ag

TIRES:

OEM 48%; REPLACEMENT 29%*

WHEELS:

OEM & REPLACEMENT > 75%

®

®

®

®

®

®

®

4

Market Summary

5

Overview by Market Segment- Q2 2014

Agriculture

Consumer

Earthmoving / Construction

Q2 Segment Revenue

Agricultural: Tractors, combines, implements, irrigation

Earthmoving / Construction: Mining, cranes, aerial lifts, haul trucks, scrapers

Consumer: Primarily light-truck tires, ATVs and select golf and turf equipment markets, brakes and actuators

Total: $523.7 million

12% decrease vs. Q2 2013

21% decrease vs. Q2 2013

22% decrease vs. Q2 2013 55%31%

14%GP Margin: 6%

GP Margin: (14%)GP Margin: 15%

1,824

1,586

1,406

1,018

932

732

705

96

61

13

6

5

3

1

Canada

USA

France

Germany

UK

Japan

Australia

Russia

Brazil

Pakistan

India

Africa

China

Indonesia

6

Agricultural DriversAg Drivers 2014

Mix Shift- Large Ag equipment (4WD and Combines) are experiencing downward cycle after 3 good

years of massive growth. Smaller hp tractors sales are increasing but are lower priced and less

profitable

Reinstatement of the Section 179 tax deduction to $500,000 for ‘14 and ‘15 passed House and

Senate; awaiting President Obama’s approval. This will have a positive effect on equipment purchases.

Grain prices are lower but the condition of this years crop is rated good to excellent

Interest rates are low for equipment purchases

Drought in Brazil could increase exports from North America

Inventory levels are still considered high

Input costs for seed, chemicals and fuel are rising lowering cash receipts

Source: World Development Indicators, World Bank; Ag Equipment Intelligence January 2014; Starks 7/7/14

Mechanization- Tractor units per 1,000 farmers North American Farm Machinery Sales Outlook

175,515187,280 191,870

8,545 8,480 8,54512,760 13,715 12,530

2012 2013 2014F

<100 hp tractors 4WD tractors combines

181161

144158

202

233224

191

148

7790

126

150 145160

180200

2000 2002 2004 2006 2008 2010 2012 2014F 2016F

Small construction equipment sales in North America are forecasted to grow ~10-12% YoY through 2016 primarily due to residential and commercial improvements

Larger construction equipment purchases used for highways and infrastructure are slow to recover

Mining is weak: Commodity prices are low; Cap Ex and Op Ex reduced at mine locations, Tire inventory is being destocked to minimum levels

7

Earthmoving / Construction Drivers

Earthmover/Construction Drivers in 2013/2014

Source: Wall Street Research

Global Construction Equipment forecast (in thousands)

Titan’s

projections

8

Why Titan?

9

Our Global Footprint and Market Share

* MTD Jan 2014; all other market share figures are approximate/estimated

10

The Titan Advantage

* MTD Jan 2014; all other market share figures are approximate/estimated

TIRES WHEELSUNDER-

CARRIAGESERVICE CENTERS

RECLAMATION

TITAN INTERNATIONAL PROVIDES THE TOTAL SYSTEM.

LSW (Low Sidewall) tire/wheel systems feature a larger rim diameter and smaller tire sidewall

Today’s equipment is getting larger and more powerful. This design offers: smoother ride,

improved stability, speed/fuel efficiencies, increase in operator safety.

11

TTRC-Recycling venture

10 year agreement with Suncor to recycle used tires

Oil, Carbon black and steel reclaimed

First location, Fort McMurray, Canada to be in operation in 2015

Each site will process 100 million pounds of rubber annually

Significant margins projected

Simplified design

Ease of wheel offset changes

Superior durability and long-term reliability

Reduced wheel wobble and hop

Innovation

technology

Waffle Wheel

Visit: lswadvantage.com

The Low Sidewall Revolution - LSWadvantage.com

12

Thompson Harvesting LSW Case Study

13

“ONE TITAN”

• Maximize collaboration between wheel and tire business units to accelerate market penetration

• Exercise one common strategy across company divisions

WHEEL/TIRE

SYSTEM

ADVANTAGE

•Exploit our competitive advantage as the only wheel/tire assembly solution provider in North America

•Accelerating adoption of our unique “system” solution “One stop” supplier

PROFIT

OPTIMIZATION

•Measure, Evaluate and drive Net Economic Profit

•Align investments with “One Titan” strategy

•Drive decision making through detailed understanding of “Cost to Serve”

2014 Objectives

14

= INCREASE SHAREHOLDER VALUE

15

Financial Performance

Significant headcount reduction

Established a profit optimization framework whereby executive team identified key initiatives for immediate focus in 2H 2014

Introduction of EVA (Economic Value Added) performance management framework

Traction on LSW receptiveness

16

Q2 Highlights

Accomplishments

Challenges

Large Ag products (higher ASP and margin) are in a downward cycle after 3 robust years

Weak mining market conditions which Impacts-North American, ITM and Australia business units

Impairment recorded of $23.2 on mining equipment and inventory writedowns of $11.6

Inventory destocking and pricing pressures for EMC product continues

Russia contributed $25M in sales with no profit flow through

Raw material prices continue to fall thus price concessions will be passed through

17

Q2 Financial Summary (M$)

(Amounts in millions) Q2 2011 Q2 2012 Q2 2013 Q2 2014

Sales $404.4 $459.2 $593.2 $523.7

Gross Margin $64.3 $82.1 $86.7 $22.6

Gross Margin % 15.9% 17.9% 14.6% 4.3%

Adjusted Net Income $23.7 $28.8 $13.7 $1.7

Adjusted Earnings Per Share-Diluted $0.44 $0.56 $0.24 $0.03

Note: Net income and EPS adjusted for non GAAP items.

1

$404 $459

$593$524

11.0% 17.6%6.2%

-5.6%-10%

0%

10%

20%

$200

$400

$600

Q2 2011 Q2 2012 Q2 2013 Q2 2014

Sales Operating Income

18

Sales and Gross Margin by Market ($M)

Note: Consumer sales shown post the Latin American farm/;consumer plant acquisiton (April 2011)

Net Sales: Down 12% Q2 ‘14 vs. ‘13; Down 5% YTD ‘14 vs. ‘13

Volume on Large Ag in a cyclical downturn

Pricing reduced due to lower raw material prices

Russia Ag revenue contribution = $17M Q2; $41M YTD

AG

59%

Net Sales: Up 22% % Q2 ‘14 vs. ‘13; Up 20% YTD ‘14 vs. ‘13

New sales in Russia and Titan Europe increased brake sales

Margins challenged due to Russia inventory destocking at dealers

and Brazil with competitive pressure

Volume increase of 34% offset by currency devaluation of 16%

Consumer

13%

EMC

28%

Net Sales: Down 21% % Q2 ‘14 vs. ‘13; Down 24% YTD ‘14 vs. ‘13

Super Giant Mining tires down $28M QoQ; Down $72M YoY

Mining equipment impairment and inventory writedown of $34.8M

$257

$289

$324$285

18% 21% 17% 15%$100

$150

$200

$250

$300

$350

$400

- 4%

6%

16%

26%

36%

46%

56%

66%

Q2 '11 Q2 '12 Q2 '13 Q2 '14

$77 $111

$208

$164

15%

18%13% -14%

$0

$50

$100

$150

$200

$250

$300

- 15%

- 5%

5%

15%

25%

35%

45%

55%

65%

75%

Q2 '11 Q2 '12 Q2 '13 Q2 '14

$70$60 $61

$75

10% 6%7% 6%

$0

$25

$50

$75

$100

- 2%

8%

18%

28%

38%

48%

58%

68%

78%

Q2 '11 Q2 '12 Q2 '13 Q2 '14

Titan performance: 2010-2013

19

$89

$184$244

$192

$0

$100

$200

$300

2010 2011 2012 2013

Adjusted EBITDAIn millions

50% domestic;

50% International

APPENDIX

21

(Amounts in $ millions) 2011 2012 2013 2014 2014*

Sales - Total $404.4 $459.2 $593.3 $523.7 $523.7

Sales - N. America $312.2 $374.3 $329.4 $250.9 $250.9

Sales - International $92.3 $84.9 $263.9 $272.9 $272.9

Gross Margin $64.3 $82.1 $86.7 $22.6 $57.4

Gross Margin - N. America $55.6 $73.1 $57.0 ($0.5) $32.6

% 17.8% 19.5% 17.3% -0.2% 13.0%

Gross Margin - International $8.7 $9.0 $29.7 $23.1 $24.8

% 9.4% 10.5% 11.3% 8.5% 9.1%

Gross Margin% 15.9% 17.9% 14.6% 4.3% 11.0%

Operating Profit $44.4 $81.0 $36.9 ($29.5) $5.3

Operating Profit - N. America $38.0 $49.5 $30.3 ($24.4) $8.7

% 12.2% 13.2% 9.2% -9.7% 3.5%

Operating Profit - International $6.4 $31.5 $6.6 ($5.1) ($3.4)

% 6.9% 37.1% 2.5% -1.9% -1.2%

Operating Profit % 11.0% 17.6% 6.2% -5.6% 1.0%

* 2014 adjusted for Mining Impairment and Inventory Write-down

Q2 FINANCIAL SUMMARY

Q2 SALES / OPERATING INCOME

$312.2 $374.3

$329.4 $250.9 $250.9

$92.3

$84.9 $263.9

$272.9 $272.9

11.0%

17.6%

6.2%

-5.6%

1.0%

-10.0%

-5.0%

0.0%

5.0%

10.0%

15.0%

20.0%

$-

$100

$200

$300

$400

$500

$600

2011 2012 2013 2014 2014*

Sales - N. America Sales - International Operating Profit %

22

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

Days of Sales O/S 51 51 53 48 55 52

Days of Inventory 83 75 73 74 76 75

Cash 508,447$ 424,387$ 447,456$ 189,360$ 200,094$ 162,961$

Cash % of 12 Month Sales 26.3% 21.0% 20.7% 8.8% 9.4% 7.9%

2013 2014

243 237336 303

174 215

369387

115 110212 201

26.6%

19.9%

23.8% 23.8%

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%

30.0%

-

100.000

200.000

300.000

400.000

500.000

600.000

700.000

2011 2012 2013 2014

Q2 - WORKING CAPITAL (In Millions)

AR Inventory AP Working Capital as % of Sales

23

201 4 YTD Cas h Activity

Jun 30 Mar 31 Dec 31

2014 2014 2013

Cash & Investments $163.0 $200.1 $189.4

(Amounts in Millions)

$189.4$163.0

$46.8

$32.0

$23.2$14.3

$11.6$7.2 $6.2 $5.3 $5.0

$30.0

$53.4

$30.9

$29.0

$18.3$13.4

$3.0

$0.0

$50.0

$100.0

$150.0

$200.0

$250.0

$300.0

$350.0

$400.0

24

Capital Structure

Q2'14 Q1'14 Q4'13 Q3 '13 Q2 '13

Cash $163 $200 $189 $447 $424

Total Debt $528 $577 $572 $742 $744

Titan International $478 $482 $474 $615 $615

Titan Europe $50 $95 $98 $127 $129

Net Leverage (Net Debt / Trailing 12 Mos Adjusted EBITDA) 2.91x 2.57x 1.99x 1.44x 1.46x

Interest Expense $8.9 $9.2 $11.2 $12.4 $13.1

7.875% Secured Notes Due 2017 $0.0 $0.0 $1.4 $9.0 $9.0

5.625% Convertible Notes Due 2017 $0.8 $0.8 $0.8 $0.9 $0.9

6.875% Secured Notes Due 2020 $6.9 $6.9 $6.4 $0.0 $0.0

European Credit Facilities $0.5 $0.7 $1.8 $1.7 $2.4

Latin America Working Capital Facilities $0.0 $0.2 $0.2 $0.2 $0.2

Voltyre Prom Line of Credit $0.1 $0.0 $0.0 $0.0 $0.0

Revolver/ABL Fees $0.1 $0.1 $0.1 $0.1 $0.1

Financing Fees Amortization $0.4 $0.4 $0.5 $0.5 $0.5

May 2014: Paid off Titan Europe's bank overdraft facility with Lloyds - $38.5M

CASH / DEBT

CURRENT DEBT STRUCTURE

$60$400

$16 $50$0

5.625% Convertible Notes -Due Jan 2017

6.875% Secured Notes - Due Oct 2020

Brazil Working Capital Debt European Bank Credit Facilities

$150m ABL Credit Facility -Due Dec 2017

25

Cost Structure

Primary Raw MaterialsCost Structure Breakdown

Steel

Natural Rubber

Synthetic Rubber

Carbon Black

Nylon

Company Website:

www.titan-intl.comInvestor Relationskrista.gray@titan-intl.com

26

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 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 anyforward-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.