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The Timken Company2Q 2024 Earnings Investor Presentation July 31, 2024
The Timken Company2Q 2024
July 31, 2024Agenda
Vice President of Investor Relations
Executive Vice President and Chief Financial Officer
Question and Answer SessionRich Kyle
President and Chief Executive Officer2
Forward -Looking Statements Safe Harbor and Non -GAAP Financial Information
Certain statements in this presentation (including statements regarding the company's forecasts, beliefs, estimates and expectations) that are not historical in nature
are "forward -looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995. In particular, the statements related to Timken’s plans,
outlook, future financial performance, targets, projected sales, cash flows, liquidity, cost reduction measures and expectations regarding the future financial
performance of the company, including the information under the headings, “Organic Growth Outlook – FY 2024 By Market/Sector”, “2024 Outlook”, “Update on
Business and Strategic Initiatives”, “Looking Ahead”, “2Q-24 Financial Comparison – Net Income & Diluted EPS”, and “Cash Flow, Leverage & Capital Allocation” are
The Company cautions that actual results may differ materially from those projected or implied in forward -looking statements due to a variety of important factors,
including : the finalization of the Company's financial statements for the second quarter of 2024; the Company's ability to respond to the changes in its end markets
that could affect demand for the Company's products or services ; unanticipated changes in business relationships with customers or their purchases from the
Company ; changes in the financial health of the Company's customers, which may have an impact on the Company's revenues, earnings and impairment charges ;
logistical issues associated with port closures or congestion, delays or increased costs; the impact of changes to the Company’s accounting methods ; political risks
associated with government instability ; recent world events that have increased the risks posed by international trade disputes, tariffs, sanctions and hostilities ;
strained geopolitical relations between countries in which we have significant operations ; weakness in global or regional general economic conditions and capital
markets (as a result of financial stress affecting the banking system or otherwise) ; the impact of inflation on employee expenses, shipping costs, raw material costs,
energy and fuel prices, and other production costs; the Company’s ability to satisfy its obligations under its debt agreements and renew or refinance borrowings on
favorable terms in a high interest rate environment ; fluctuations in currency valuations ; changes in the expected costs associated with product warranty claims ; the
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