CAPITALIZING ON OUR FUNDAMENTALS Tires Beyond road tires Michelin has introduced the 70/70R57 MICHELIN X Mine L4 tire, the first radial tire for the world’s largest wheel loader used in surface mining. The innovative tire’s robust radial design eliminates the need to fit chains to the rear axle, which reduces tread wear while providing a more optimized, even footprint and less contact patch deformation. Engineered to meet the highest traction performance standards on wet and dry surfaces, and compatible with the connected pressure monitoring system, the new model delivers a radical step‑change in mine productivity, while also contributing to the safety and sustainability of these operations. A new version of the MICHELIN EVOBIB tire MICHELIN Air X SKY LIGHT, a game-changing innovation in the aircraft tire market In early 2023, Michelin unveiled a new version of the MICHELIN EVOBIB tire, the first tractor tire designed specifically for use with central tire inflation systems. It delivers excellent performance on all types of terrain, with a footprint that is maximized in field use, to reduce soil compaction, and minimized in road use. Thanks to its variable tread pattern and re‑engineered tread design, the MICHELIN EVOBIB tire offers excellent traction capabilities until end-of-life and helps to reduce fuel consumption by two liters an hour. It is also Pressure Field Operation (PFO)-certified, so it has a higher load capacity than its predecessor. Launched as a world first at the Paris Air Show in June 2023, the MICHELIN Air X SKY LIGHT represents a new radial tire technology intended for commercial aviation. It also offers a 15% to 20% longer lifespan, while being lighter than previous generations and delivering better performance. The result of multiple breakthrough innovations in its architecture, use of materials and manufacturing process, the new tire will help to meet the airline industry’s decarbonization objectives while reducing maintenance and transportation costs. Michelin plans to invest $100 million in its Junction City, Kansas (United States) operations over the next five years to increase production capacity of tracks for agricultural equipment. The capital project will enable the facility to meet growing demand for agricultural rubber tracks, particularly in North America. Especially well-suited to large farms, these tracks offer major benefits in protecting the environment and improving productivity, with 5% higher yield than wheeled tractors, lower soil compaction and better access to fields. Investing in agricultural tracks production The first radial tire for giant loaders TIRES _20 2023 UNIVERSAL REGISTRATION DOCUMENT_MICHELIN
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