30th Annual Global Tire Report Data originally published in 8/31/2015 issue of Tire Business The information available through the Service is the property of Tire Business and is protected by copyright and other intellectual property laws. Information received through the Service may be displayed, reformatted and printed for your personal, non- commercial use only. You agree not to reproduce, retransmit, distribute, sell, publish or broadcast the information received through the Service to anyone, including to others in the same company or organization, without the prior written consent of Tire Business, with this one exception: You may, on an occasional and irregular basis, include insubstantial portions of information from the Service in memoranda, reports and presentations, but only if such memoranda, reports and presentations are distributed in non-electronic form, for a noncommercial purpose, to a limited number of individuals. You must include in all such memoranda, reports and presentations the phrase "Reprinted with permission from Tire Business. Copyright 1997, Crain Communications Inc., Chicago, Illinois." You may not post any content from the Service to newsgroups, mail lists or electronic bulletin boards, without the prior written consent of Tire Business. Corporate financial results for 2014 Sales % change Operating % change % of Net % change % of Company $ millions vs. 2013 earnings vs. 2013 sales earnings vs. 2013 sales Continental A.G. 45,824.3 3.5% 4,442.0 2.5% 9.7% 3,154.4 23.5% 6.9% Tire Division 12,993.9 2.1% 2,429.5 4.4% 18.7% — — — Bridgestone Corp. 34,725.6 3.0% 4,531.2 9.1% 13.0% 2,849.2 48.8% 8.2% Tire Division 29,265.8 2.0% 4,123.0 9.0% 14.1% — — — Group Michelin 25,966.8 -3.4% 2,644.1 0.9% 10.2% 1,369.2 -8.5% 5.3% Goodyear Tire 18,138.0 -6.3% 1,712.0 8.4% 9.4% 2,445.0 307.5% 13.3% Pirelli & C. S.p.A. 7,992.1 -0.7% 1,112.7 7.3% 13.9% 442.0 5.5% Sumitomo Rubber 7,924.8 7.3% 816.0 11.9% 10.3% 503.4 18.8% 6.4% Tire Division 6,917.7 7.4% 741.7 12.3% 10.7% — — — Hankook Tire Co. Ltd. 6,359.6 -5.5% 982.0 0.1% 15.4% 377.4 -13.2% 5.9% Yokohama Rubber 5,915.3 3.9% 588.8 30.0% 9.4% 383.2 15.7% 6.5% Co. Ltd. Tire Division 4,726.3 3.8% 459.6 5.6% 9.8% — — — Cheng Shin / 4,441.3 -6.9% 717.0 -13.3% 16.1% 554.7 -18.6% 12.5% Maxxis Intl.1 Toyo Tire & Rubber 3,725.5 6.4% 449.5 27.6% 12.1% 297.0 169.4% 7.9% Co. Ltd. Tire Division 2,953.7 7.8% 428.7 34.1% 7.2% — — — Cooper Tire & 3,424.8 -0.4% 300.5 24.8% 8.8% 213.6 92.4% 6.4% Rubber Co. Kumho Tire Co. Inc. 3,272.6 -7.0% 341.2 3.6% 10.4% 125.3 30.4% 3.5% MRF Ltd.3 2,356.6 9.1% 214.4 9.1% 9.1% 143.8 11.9% 6.1% Apollo Tyres Ltd.2 2,093.9 -4.7% 252.6 5.3% 12.1% 160.1 -2.7% 7.6% Nexen Tire4 2,011.5 0.2% 240.6 4.6% 12.0% 198.7 8.2% 9.9% Titan International Inc. 1,895.5 -12.4% -97.6 N.A. N.M. -130.4 N.A. N.M. Nokian Tyres P.L.C. 1,844.8 -8.7% 410.0 -19.9% 22.2% 276.8 -16.5% 18.8% JK Tyre & 1,319.9 -2.7% 79.5 29.7% 6.0% 53.0 26.7% 4.0% Industries Ltd.2 PT Gajah Tunggal 1,105.2 5.8% N.A. — — 22.8 124.4% 2.1% Ceat Tyres Ltd.2 953.9 4.6% 77.2 16.9% 8.0% 51.9 16.9% 5.4% N.A. = not available N.M. = not meaningful Note: Percent changes calculated in original currency. 1 — Figures are collective data from 10 individual, associated companies 2 — fiscal year ended 3-31-15 3 — fiscal year ended 9-30-14 4 — Includes data from Nexen Corp.’s industrial tire business. R&D spending trends for 2014 R&D % change % of R&D % change % of Company spending* vs. 2013 sales Company spending* vs. 2013 sales Continental 2,828.9 13.8% 6.2% Nexen Tire3 57.7 17.4% 3.4% Tire Division 288.0 6.0% 2.2% Cooper Tire 50.8 -0.6% 1.5% Bridgestone 889.9 5.7% 2.6% Nokian Tyres 22.0 3.1% 1.2% Group Michelin 871.2 2.0% 3.4% Apollo Tyres 17.1 10.6% 0.8% Goodyear Tire 399.0 2.3% 2.2% Titan Int’l 14.0 25.4% 0.7% Pirelli & C. 272.9 3.2% 3.4% JK Tyre 6.2 27.4% 0.5% Sumitomo 222.7 7.9% 2.8% MRF Ltd. 5.5 7.8% 0.2% Tire Division 194.4 8.3% 2.8% Ceat Tyres Ltd. 3.4 13.8% 0.3% Hankook Tire 132.5 6.4% 2.3% Yokohama1 127.1 6.4% 2.1% P.T. Gajah N.A. — — Tunggal Cheng Shin / 109.0 21.2% 2.5% Maxxis Intl.2 Note: * millions of dollars 1 — Yokohama and Kumho are cooperating on certain Toyo Tire 96.0 19.6% 2.6% R&D aspects 2 — Collective data from 10 separate, as- Kumho Tire1 91.0 21.2% 2.9% sociated companies 3 — Parent company data only Capital spending trends for 2014 Capital % change % of Capital % change % of Company spending* vs. 2013 sales Company spending* vs. 2013 sales Bridgestone 2,801.5 7.8% 8.1% Nexen Tire 300.4 16.5% 14.9% Continental 2,716.3 3.2% 5.2% Hankook Tire 190.8 N.A. 3.0% Tire Division 961.9 -9.3% 7.4% JK Tyre 175.9 190.3% 13.3% Group Michelin 2,500.7 -4.9% 9.6% P.T. Gajah Tunggal 145.6 122.1% 13.2% Goodyear Tire 923.0 -21.0% 5.0% Cooper Tire 145.0 19.6% 4.2% Sumitomo 594.3 9.7% 7.5% MRF Ltd. 141.7 105.4% 6.0% Tire Division 558.6 8.8% 8.1% Nokian Tyres 107.0 -35.8% 5.8% Yokohama 523.2 65.1% 8.8% Apollo Tyres 104.5 9.2% 5.0% Pirelli & C. 502.1 -8.5% 6.3% Titan Int’l 58.4 -27.1% 3.1% Cheng Shin / 456.4 -8.9% 10.3% Maxxis Intl. Kumho Tire N.A. — — Toyo Tire 385.2 40.4% 7.4% Ceat Tyres N.A. — — Tire Division 326.4 47.4% 11.1% * millions of dollars Tire makers’ fiscal 2015 half-year sales & earnings comparison Sales % change Operating % change % of Net % change % of Company $ millions vs. 2014 earnings vs. 2014 sales earnings vs. 2014 sales Continental A.G. 21,873.3 17.6% 3,388.9 16.5% 15.5% 1,616.7 11.1% 7.4% Tire Division 5,652.0 7.2% 1,196.2 16.0% 21.2% — — — Bridgestone Corp. 15,435.9 6.0% 1,977.5 1.2% 12.8% 1,199.0 1.7% 7.8% Tire Division 12,938.5 5.8% 1,805.3 7.4% 14.0% — — — Group Michelin 11,715.4 8.5% 1,408.5 8.9% 12.0% 705.4 13.3% 6.0% Goodyear Tire 8,196.0 -10.2% 947.0 13.7% 11.2% 416.0 156.8% 5.1% Pirelli & C. S.p.A. 3,542.1 6.4% 498.4 4.8% 14.1% 235.9 10.0% 6.7% Sumitomo Rubber 3,235.3 2.7% 243.4 -16.6% 7.5% 166.4 -8.4% 5.1% Tire Division 2,763.4 0.9% 229.0 -12.8% 8.2% — — — Hankook 2,834.1 -7.0% 368.2 -20.9% 13.0% N.A. — — Yokohama 2,465.3 4.4% 210.6 7.3% 8.5% 135.1 -9.6% 5.5% Tire Division 1,927.7 4.4% 161.0 4.5% 8.4% — — — Toyo 1,612.0 3.8% 242.3 35.5% 15.0% -34.6 N.M. — Cooper Tire 1,415.0 -16.0% 169.8 7.8% 12.0% 100.3 20.0% 7.1% Nexen Tire 829.8 -7.6% 161.6 3.3% 19.5% — — — Titan Intl. 778.1 -27.7% 6.1 N.M. 0.8% 7.0 N.M. 0.1% Nokian Tyres P.L.C. 699.5 -8.0% 143.8 -19.0% 20.5% 223.0 90.6% 31.9% Kumho N.A. — — — — — — — Source: Company reports; N.A. = not available; N.M. = not meaningful Visit us on the Web: www.tirebusiness.com TIREBUSINESS, August 31, 2015 • 17 2015 Global Tire Company Rankings Based on 2014 sales. Includes subsidiaries. (Figures in millions of dollars, translated at average annual currency exchange rates) 2014 2013 2012 2011 2014 2013 Tire % of total Tire % of total Tire % of total Tire % of total Rank Rank Company/Headquarters sales corp. sales sales corp. sales sales corp. sales sales corp. sales Bridgestone Corp.#1 *26,045.0 *75.0% *27,390.0 *75.0% *28,575.0 *75.0% *28,450.0 *75.0% 1 1 Tokyo, Japan Group Michelin# *24,668.5 *95.0% *25,545.0 *95.0% *26,222,0 *95.0% *27,413.6 *95.0% 2 2 Clermont-Ferrand, France Goodyear Tire & Rubber Co.#2 *16,355.0 90.0% *17,586.0 *90.0% *18,900.0 *90.0% *20,490.0 *90.0% 3 3 Akron, Ohio Continental A.G.# *11,875.0 *26.0% *11,450.0ா *25.9% *10,895.0 *25.9% *10,645.0 *25.1% 4 4 Hanover, Germany Pirelli & C.