Fourth Quarter and Full Year 2022 Earnings Presentation February 23, 2023 Disclaimer Forward-Looking Statements Any "forward-looking" statements, within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, contained herein, including those relating to TriMas' business, financial condition or future results, involve risks and uncertainties with respect to, including, but not limited to: general economic and currency conditions; the severity and dura ...

TriMas Corp (NASDAQ:TRS) Q4 2022 Earnings Conference Call February 23, 2023 10:00 AM ET Company Participants Sherry Lauderback - VP, IR & Communications Thomas Amato - President, CEO & Director Scott Mell - CFO Conference Call Participants Kenneth Newman - KeyBanc Capital Markets Operator Greetings, and welcome to the TriMas Fourth Quarter and Full Year 2022 Earnings Conference Call. [Operator Instructions]. As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Sher ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________________________________________________________________________________________ Form 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-10716 ____________________________ ...

Financial Data and Key Metrics Changes - Earnings per share reported at $0.40, impacted by lower volumetric sales, under-absorbed structural costs, and energy costs [14] - Total sales for the quarter were $218.5 million, down 1.7% from the prior year, driven by a decrease in organic sales of 4.8% and unfavorable foreign currency exchange of 2.7% [15][16] - Adjusted operating profit for the quarter was $21.6 million, representing just under 10% of sales, lower than the prior year due to lower demand and related under absorption of costs [16][17] Business Line Data and Key Metrics Changes - TriMas Packaging Group net sales decreased by $8.3 million or 6% compared to the previous year, with organic sales down by 9.9% due to reduced demand for dispensing products [21][22] - TriMas Aerospace Group sales decreased by 2.3% year-over-year, but organic sales were up 8.5% when adjusted for prior year stocking orders [26][27] - Specialty Products segment saw a 14.5% increase in net sales to $43.4 million, marking five consecutive quarters of double-digit growth [29] Market Data and Key Metrics Changes - North America experienced a mixed performance, with overall net sales growth of 5%, but a 2% decline when adjusted for currency and acquisitions [11] - European sales were down 5% year-over-year, primarily within the TriMas Packaging Group, significantly affected by geopolitical tensions and rising energy costs [12] - Sales in Asia, particularly China, increased nearly 33% compared to the prior year quarter, despite being only 5% of total sales [13] Company Strategy and Development Direction - The company is focusing on launching new products, including a fully recyclable PET injection blow-molded jar, to meet market demands for sustainability [23][24] - TriMas is committed to expanding its manufacturing capacity in North America with a new facility in Ohio aimed at producing dispensers for Beauty and Personal Care markets [25] - The company is exploring M&A opportunities, particularly in the Packaging and Aerospace segments, while also considering organic growth strategies [54][56] Management's Comments on Operating Environment and Future Outlook - Management anticipates a softer fourth quarter due to ongoing geopolitical tensions and inflationary pressures, but expects demand recovery in aerospace and defense markets [31][32] - The company is taking a cautious approach to managing support infrastructure in response to temporary demand fluctuations in certain product lines [32] - Despite current challenges, management remains optimistic about long-term growth prospects, particularly in the Specialty Products and Aerospace segments [36][37] Other Important Information - The company generated $15.4 million in free cash flow during the quarter, below prior year levels due to investments in inventory [19] - TriMas expects to achieve an EPS range of $2.10 to $2.18 for the year, reflecting a 7% increase from previous estimates [34] - The company anticipates generating approximately $55 million in gross cash proceeds from property divestitures and currency swap settlements [34] Q&A Session Summary Question: Visibility on customer inventories in the Packaging segment - Management indicated that visibility varies by customer and region, with expectations that inventory levels will stabilize by Q1 or Q2 of next year [42] Question: Adjustments if demand remains weak - Management has not yet taken significant actions to adjust structural costs but is assessing the situation by region and product line [43] Question: Impact of lower steel and resin prices on margins - Management noted that while steel prices are mixed, resin prices have stabilized, providing a minor benefit [50] Question: Supply chain visibility in the Aerospace segment - Management reported a surge in demand with order books up 30%, but supply constraints remain due to labor issues [52] Question: Opportunities for margin expansion in Aerospace - Management expressed hope to expand margins above 2020 and 2021 levels, contingent on resolving current supply chain constraints [53] Question: M&A pipeline and focus - Management noted increased activity in the M&A market, particularly for smaller bolt-on deals in Packaging and Aerospace [54] Question: Capital deployment priorities - Management indicated a shift in focus towards M&A opportunities while also considering share repurchases [55] Question: Opportunities for growth in Packaging despite softening demand - Management highlighted potential for growth in Beauty & Personal Care and Food & Beverage segments, along with new product lines in Life Sciences [59]

| --- | --- | --- | |-------------------------------------------|-------|-------| | | | | | | | | | Third Quarter 2022 Earnings Presentation | | | | October 27, 2022 | | | Disclaimer Forward-Looking Statements Any "forward-looking" statements, within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, contained herein, including those relating to TriMas' business, financial condition or future results, involve risks and uncertainties with respect ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON D.C. 20549 FORM 10-Q (Mark One) ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Quarterly Period Ended September 30, 2022 Or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Transition Period from to . Commission file number 001-10716 TRIMAS CORPORATION (Exact name of registrant as specified in its charter) Delaware 38-2687639 (IRS ...

TriMas Corporation (NASDAQ:TRS) Q2 2022 Results Conference Call July 28, 2022 10:00 AM ET Company Participants Sherry Lauderback - VP, Investor Relations & Communications Thomas Amato - President and CEO Scott Mell - Chief Financial Officer Paul Swart - Chief Accounting Officer Conference Call Participants Ken Newman - KeyBanc Capital Markets Operator Good day, and welcome to the TriMas Second Quarter 2022 Earnings Conference Call. Today's conference is being recorded. At this time, I'd like to turn the con ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON D.C. 20549 FORM 10-Q (Mark One) ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Quarterly Period Ended June 30, 2022 Or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Transition Period from to . Commission file number 001-10716 TRIMAS CORPORATION (Exact name of registrant as specified in its charter) Delaware 38-2687639 (IRS Emplo ...

TriMas Corporation (NASDAQ:TRS) Q1 2022 Earnings Conference Call April 28, 2022 10:00 AM ET Company Participants Sherry Lauderback - VP, Investor Relations & Communications Tom Amato - President and CEO Scott Mell - Chief Financial Officer Conference Call Participants Disclaimer*: This transcript is designed to be used alongside the freely available audio recording on this page. Timestamps within the transcript are designed to help you navigate the audio should the corresponding text be unclear. The machine ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON D.C. 20549 FORM 10-Q (Mark One) Commission file number 001-10716 TRIMAS CORPORATION (Exact name of registrant as specified in its charter) Delaware 38-2687639 (IRS Employer Identification No.) (State or other jurisdiction of incorporation or organization) ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Quarterly Period Ended March 31, 2022 Or ☐ Transition Report Pursuant to Section ...