Industry Lift Truck Market Size Data Lift Truck Market Size Data WITS Orders Basis (1) 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Europe 265,896 278,024 312,455 327,173 380,557 445,583 411,107 222,883 299,387 368,286 351,441 North America 147,322 155,191 186,192 198,058 212,953 191,384 159,279 98,338 136,050 169,589 181,191 Total Americas 158,388 168,471 206,225 221,155 242,186 234,353 200,178 118,835 180,903 224,501 229,565 A/P, China and Japan (1a) 138,452 155,094 185,530 201,062 232,438 271,018 260,246 205,114 314,162 381,795 363,399 Global Market 562,736 601,589 704,210 749,390 855,181 950,954 871,531 546,832 794,452 974,582 944,405 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024E Europe 357,452 387,905 412,642 457,333 509,157 563,573 528,859 502,013 770,751 683,248 627,505 572,000 North America 200,939 219,444 235,128 240,836 266,543 276,904 255,241 285,347 458,082 466,328 307,273 234,000 Total Americas 252,930 267,546 277,315 280,827 315,395 328,349 306,214 305,748 491,329 494,763 396,014 262,000 A/P, China and Japan (1a) 399,395 438,510 409,923 443,938 570,443 646,057 671,803 829,853 1,078,507 1,003,839 1,064,878 1,068,000 Global Market 1,009,777 1,093,961 1,099,880 1,182,098 1,394,995 1,537,979 1,506,876 1,637,614 2,340,587 2,181,850 2,088,397 1,902,000 (1) In 2009, Hyster-Yale switched to tracking Industry data on a World Industrial Truck Statistics ("WITS") Orders Basis. WITS statistics began in 2002. (1a) Beginning in 2014 includes India local production Industry forecast (light blue columns) – source: Derived from DRI-WEFA and Oxford Economic Forecasts 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 Europe (FEM/JIVA) (3) 150,250 121,922 135,318 152,667 174,953 176,294 187,902 219,615 227,697 274,681 North America (2) (3) 106,590 120,679 154,167 162,725 152,763 178,456 192,192 197,436 205,033 145,967 Total Americas (2) (3) 114,411 127,308 162,261 171,682 168,170 193,413 207,018 209,843 223,499 161,316 A/P, China and Japan (3) 134,635 123,913 119,733 135,050 148,135 148,441 111,848 104,781 122,354 123,780 2002 2003 2004 2005 2006 2007 2008 2009 Europe (FEM/JIVA) (3) 256,717 263,972 286,546 302,158 337,326 382,047 376,945 201,352 North America (2) (3) 144,529 151,911 182,450 194,475 207,919 185,726 149,863 95,562 Total Americas (2) (3) 156,702 166,328 203,552 218,908 238,141 229,509 192,134 115,752 A/P, China and Japan (3) 129,333 146,334 171,000 195,386 222,074 250,684 257,604 199,159 Non-WITS Prior Year Information: Lift truck market size history – source: Industrial Truck Association, Japan Industrials Vehicle Association ("JIVA"), European Federation of Materials Handling ("FEM"), World Industrial Truck Association (2) Total Americas numbers for 1992-2008 include North America Commercial, Government and Latin America. Prior years are North America Commercial only. (3) Industry information is based upon the reporting basis of each individual region, which varies according to the industry trade groups in that region: Americas - North America & Government - Retail bookings Americas - Latin America - Factory bookings Europe & Japan - Factory shipments A/P & China - Factory bookings *Note: 2024E based on WITS information through 12/31/23 and company estimates. WITS Industry Data reported one quarter in arrears. 61 HY Product Launches Above list is based on current information and launches could be adjusted based on market conditions Expected Launches in H1 2024: ▪ New modular 2- to 3.5-ton Pneumatic ICE Standard & Premium Configurations AP region / Value Configurations for AM & AP regions. ▪ New modular 1-2.0 ton Pneumatic and 2- to 3.5-ton Cushion products for AM & EMEA regions. ▪ New 3,000 to 7,000 lbs. 3-Wheel & 4-Wheel Cost-Effective Li-Ion Electric Rider for AM region. ▪ New 8- to 10-ton high performance integrated Li-ion electric counterbalanced truck for China region. ▪ Deliver first hydrogen-powered Terminal Tractor to port in Hamburg, Germany for testing. ▪ New 2-ton Platform Pallet Truck Standard Configuration for AP & Low-Level Order Picker for EU & AP market. ▪ New Outdoor Moving Mast Reach Truck (MMRT). ▪ Targeted introductions of internally developed, modular automated trucks. ▪ Expand options for Hyster® UT, Yale® UX, and Maximal-branded lift trucks for all regions. 62 Disciplined Capital and R&D Expenditures 63 0 20 40 60 80 100 2020 2021 2022 2023 Est. 2024 Lift Truck IT Systems Nuvera Bolzoni C A P I TA L E X P E N D I T U R E S R & D E X P E N D I T U R E S 0% 2% 4% 0 40 80 120 160 2019 2020 2021 2022 2023 Est. 2024 Bolzoni Nuvera Lift Truck ($M) ($M) • 2024 estimated capital expenditures of $84 million vs. 2023 restrained level of $35 million • 2024 includes return to investing for business growth and network efficiency ~37% of HY revenues come from new products released in the past 5 years R&D % of Revenues Class 1* 26% Class 2* 10% Class 4* 11% Class 5* 47% _____________________ Source: Company: Q1 2024 Unit Revenues Class 1* 25% Class 2* 8% Class 3* 34% Class 5* 26% ____________________ Source: Company: Q1 2024 Units Shipped Note: Units sold direct by SN JV are not included Americas 67% EMEA 24% China 7% _____________________ Source: Company: Q1 2024 Units Shipped Note: Units sold direct by SN JV are not included Americas 66% EMEA 24% China 8% HY Lift Truck Unit Shipments @ Quarter and LTM 3/31/24 Class 1* 22% Class 2* 8% Class 3* 32% Class 5* 32% Class 1* 24% Class 2* 11% Class 4* 9% Class 5* 49% 7% Class 3* _____________________ Source: Company: LTM 3/31/24 Unit Revenues _____________________ Source: Company: LTM 3/31/24 Units Shipped Note: Units sold direct by SN JV are not included ____________________ Source: Company: LTM 3/31/24 Units Shipped Note: Units sold direct by SN JV are not included HY Q1 ‘24 Lift Truck Unit Revenue by ClassHY Q1 ’24 Lift Truck Units by ClassHY Q1 ’24 Lift Truck Units Sold by Geography HY LTM ’24 Lift Truck Units Sold by Geography HY LTM ’24 Lift Truck Units by Class HY LTM ’24 Lift Truck Unit Revenue by Class 64 2% Asia-Pacific / Japan 2% Asia-Pacific / Japan *Note: Class 1, 2, 3 - Electric Class 4, 5 – ICE (Internal Combustion Engine) 6% Class 3* 7% Class 4* 6% Class 4*