2022 Investor Day

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#1TEREX 2022 INVESTOR DAY December 13, 2022#2FORWARD LOOKING STATEMENTS Certain information in this presentation includes forward-looking statements (within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995) regarding future events or our future financial performance that involve certain contingencies and uncertainties, including those discussed in our Annual Report on Form 10-K for the year ended December 31, 2021, and subsequent reports we file with the U.S. Securities and Exchange Commission from time to time, in the sections entitled "Management's Discussion and Analysis of Financial Condition and Results of Operations - Contingencies and Uncertainties." In addition, when included in this presentation the words "may," "expects," "should," "intends," "anticipates," "believes," "plans," "projects," "estimates," "will" and the negatives thereof and analogous or similar expressions are intended to identify forward-looking statements. However, the absence of these words does not mean that the statement is not forward-looking. We have based these forward-looking statements on current expectations and projections about future events. These statements are not guarantees of future performance. Such statements are inherently subject to a variety of risks and uncertainties that could cause actual results to differ materially from those reflected in such forward-looking statements. Such risks and uncertainties, many of which are beyond our control, include, among others: ● ● our business has been, and could be further, adversely impacted by global health pandemics such as the outbreak of a new strain of coronavirus ("COVID-19"); our business is highly competitive and is affected by our cost structure, pricing, product initiatives and other actions taken by competitors; we are dependent upon third-party suppliers, making us vulnerable to supply shortages and price increases; consolidation within our customer base and suppliers; our operations are subject to a number of potential risks that arise from operating a multinational business, including compliance with changing regulatory environments and political instability; a material disruption to one of our significant facilities; our business is sensitive to government spending; our ability to integrate acquired businesses; our business is affected by the cyclical nature of markets we serve; our need to comply with restrictive covenants contained in our debt agreements; our ability to generate sufficient cash flow to service our debt obligations and operate our business; our ability to access the capital markets to raise funds and provide liquidity; the financial condition of suppliers and customers, and their continued access to capital; exposure from providing credit support for some of our customers; we may experience losses in excess of recorded reserves; our business is global and subject to changes in exchange rates between currencies, commodity price changes, regional economic conditions and trade relations; our ability to attract and retain key management personnel and skilled labor; possible work stoppages and other labor matters; changes in import/export regulatory regimes, imposition of tariffs, escalation of global trade conflicts and unfairly traded imports, particularly from China, could continue to negatively impact our business; compliance with changing laws and regulations, particularly environmental and tax laws and regulations; litigation, product liability claims and other liabilities; our compliance with the United States ("U.S.") Foreign Corrupt Practices Act and similar worldwide anti-corruption laws; increased regulatory focus on privacy and data security issues and expanding laws; our ability to comply with an injunction and related obligations imposed by the U.S. Securities and Exchange Commission ("SEC"); our ability to successfully implement our strategy; disruption or breach in our information technology systems and storage of sensitive data; and other factors. Actual events or our actual future results may differ materially from any forward-looking statement due to these and other risks, uncertainties and material factors. The forward-looking statements contained herein speak only as of the date of this presentation. We expressly disclaim any obligation or undertaking to release publicly any updates or revisions to any forward-looking statement contained in this presentation to reflect any change in our expectations with regard thereto or any change in events, conditions circumstances on which any such statement is based. Total amounts in tables of this presentation may not add due to rounding. TEREX® © 2022 Terex Corporation#3AGENDA TEREX® 1 2 3 4 5 6 7 Transformed & Positioned for Profitable Growth John Garrison, Chairman & Chief Executive Officer Materials Processing | Consistently High-Performing Portfolio Kieran Hegarty, President, Terex Materials Processing Question & Answer Genie | Profitability Through the Cycle Simon Meester, President, Genie Terex Utilities | Platform for Growth John Garrison, Chairman & Chief Executive Officer Financial Overview & Outlook Julie Beck, SVP & Chief Financial Officer Question & Answer All Presenters Ⓒ2022 Terex Corporation 2#4TEREX TEREX | VIDEO 0 GOOP Ⓒ2022 Terex Corporation 3#5TEREX Ⓡ TRANSFORMED & POSITIONED FOR PROFITABLE GROWTH John Garrison Chairman & Chief Executive Officer TEREX.#6COMPELLING INVESTMENT OPPORTUNITY 卧 Transformed and diversified industrial leader well-positioned for profitable growth 000 IMD Operating system enables profitability through cycles and high returns on invested capital • Oo Excellent portfolio of market-leading businesses positioned to benefit from secular megatrends Strong balance sheet and cash flow support future growth and return of capital to shareholders TITT Team with deep industry experience and proven ability to create value TEREX® Ⓒ2022 Terex Corporation 5#7Our Purpose To help improve the lives of people around the world Our Mission To provide solutions to our machinery and industrial product customers that yield superior productivity and return on investment Our Vision ✓ To be the safest and best place to work in the industry ✓ To be the most customer-responsive company in the industry, as determined by our customers ✓ To be the most profitable company in the industry, as measured by our return on invested capital (ROIC) TEREX® PHENENG TEREX Ⓒ2022 Terex Corporation 354) TEREX.#8EXPERIENCED, AGILE EXECUTIVE LEADERSHIP TEAM John L. Garrison, Jr. Chairman & Chief Executive Officer Stacey Babson Kaplan SVP, Chief Sustainability & Compliance Officer Julie A. Beck SVP & Chief Financial Officer TEREX® Andrew K. Campbell SVP & Chief Information Officer Kieran Hegarty President, Terex Materials Processing Amy J. George SVP & Chief Human Resources Officer Simon A. Meester President, Genie Scott J. Posner SVP, General Counsel & Secretary Randy S. Williamson VP, Corporate Development & Chief Strategy Officer DEMONSTRATED TRACK RECORD OF PERFORMANCE IMPROVEMENT & GROWTH Ⓒ2022 Terex Corporation 7#9UNWAVERING COMMITMENT TO SAFETY AND VALUES Lost time Injury rate* Down 64% SAFE THINK Restoring *2022 vs 2016 ZERO HARM HOME uture SAFE WORK COLUMB CANCER TEREX® BASIN 2 FOUNDATION co Genie WAYNE SAFE Meals to Heal 08/18/2022 Columbia Basin Cancer Foundation Thirty One Hundred Thirty Eight Dellers & 50/100 1966 53,138 50 Genie Team Members Total recordable Incident rate* Down 49% 20 STERE Habitat for Humanity of Coastal Fairfield County CHER TEREX WAY VALUES INTEGRITY RESPECT IMPROVEMENT SERVANT LEADERSHIP COURAGE CITIZENSHIP Ⓒ2022 Terex Corporation 8#10TEAM MEMBERS: OUR GREATEST ASSET & BEST INVESTMENT A Strong and Supportive Team Committed to Safe Work Practices TEREX® Committed to Diversity, Equity and Inclusion TË Genie. Helping Team Members Reach Their Full Potential Ⓒ2022 Terex Corporation 9#11ESG IS EMBEDDED IN OUR DNA TITT Environmental Stewardship Commitment to Social Responsibility Strong Governance (1) From 2019 baseline TEREX® ● ● ● ● ● ● ● ● AMERICA'S MOST 2023 RESPONSIBLE Newsweek COMPANIES statista Innovating Environmentally Friendly Products Operating in Environmentally Friendly Manner Offering 60%+ of all Terex Models as Electric or Hybrid Electric Targeting 15% GHG Emission Reduction by 2024(1) Engaging Team Members Supporting Community Driving Action on Social Responsibility Priorities Innovating Products for Worker Safety Engaged, Diverse, Independent Board of Directors Responsible, Ethical Leadership The Terex Environment Social & Governance Report ESG22 ADAPT PARENTS& CAREGIVERS MULTILINGUAL SPEAKERS WOMEN Living Our Terex Values THE TEREX CODE OF ETHICS AND CONDUCT LGBTQ+ PRIDE AFFINITY GROUPS VIRTUAL WORKFORCE MILITARY 4 VETERANS BRIDGE TORT TEREX. Ⓒ2022 Terex Corporation 10#12WE HAVE SUCCESSFULLY TRANSFORMED OUR COMPANY... Focused on areas with high growth potential, supported by megatrends Ⓒ Divested capital intensive, low margin businesses NOVEMBER 2015 John Garrison named Chief Executive Officer 2015 TEREX® Focus Simplify 2016 Execute to Win JANUARY 2017 Sold Material Handling Port Solutions 2017 2018 MAY 2017 Divested last of construction business JULY 2019 Divested Demag mobile crane business 2019 APRIL 2019 Exited North American mobile cranes business 2020 Cost reduction / Operating System enhancement Capitalized on operating system and process improvements 2020 EXECUTE TEREX. GROW 2021 ΤΙΨΛΟΝΝ 2022 Relaunched M&A pipeline, completed 7 transactions Ⓒ2022 Terex Corporation 11#13...YIELDING SIGNIFICANTLY IMPROVED FINANCIAL RESULTS Sales ($B) and Operating Margin $2.6 5.4% $3.9 2015 +410 bps TEREX® ~9.5% -$4.3 2022 Outlook Ongoing Divested Significantly improved profitability on higher sales Earnings Per Share $1.30 2015 ~18% CAGR -$4.10 2022 Outlook More than tripled EPS 6.6% 2015 ROIC (%) +1,340 bps -20% 2022 Outlook More than tripled return on invested capital Ⓒ2022 Terex Corporation 12#14EFFECTIVELY ALLOCATING CAPITAL Since 2015 Since January 2021 TEREX® -$1.8B Cash Returned to Shareholders -$1.0B ~$600M -$100M Debt Reduction / Net Leverage Down 2.1 Turns Capex Investments New Acquisitions / Investments Ⓒ2022 Terex Corporation 13#15INVESTMENTS IN MANUFACTURING CAPABILITY Watertown, South Dakota Monterrey, Mexico* *In progress JANGAN WA de at TEREX® ITEREX Campsie, Northern Ireland ** deurer PIECES Hosur, India Jiading, China Improving Safety Modernizing Facilities Expanding Footprint Diversifying Operations Lowering Costs © 2022 Terex Corporation 14#16SALES OUTLOOK OF -$4.3B MORE DIVERSE IN 2022 REPORTING SEGMENTS 44% 56% ■ Materials Processing ■ Aerial Work Products TEREX® GLOBAL REACH 14% 8% ■ N. America ▪ ANZ/Japan 56% 22% ■ W. Europe ■ Rest of World CUSTOMER APPLICATIONS* General Construction Tree Care Electrification Commercial/ Industrial Operations *Estimated sales by end use DIVERSE PORTFOLIO SUPPORTS PERFORMANCE THROUGH THE CYCLE Infrastructure Scrap/Waste/ Recycling Infrastructure Maintenance Ⓒ2022 Terex Corporation 15#17LEADING POSITIONS IN ATTRACTIVE MARKETS: $34B TAM Aerial Work Platforms Addressable Equipment Market Position Aggregates #1 in tracked mobile crushing & screening Materials Processing Environmental TEREX® Note: Addressable markets based on Terex estimates #2 or 3 in mobile wood and waste TEREX $7B $3B $1.5B $1.1B $3.4B Concrete Material Handling #1 or 2 In specialized concrete delivery categories Lifting #3 in purpose-built material handlers Parts & Services: $2.5B Top 3 player in specialty lifting Genie Utilities $14B $1.6B #1 or 2 in an expanding global market #2 in US insulated equipment © 2022 Terex Corporation 16#18POSITIONED TO BENEFIT FROM MEGATRENDS INFRASTRUCTURE INVESTMENTS >$49T Anticipated Investment From 2016-2030(¹) ELECTRIFICATION Expected To Add 250M Vehicles To Global Electric Vehicle Stock(²) SUSTAINABILITY 9 9 ** DIGITALIZATION Worldwide Data Center Construction Market Growing To >$350B By 2030(³) (1) Mckinsey Global Institute; (2) IEA, (3) Precedence Research; (4) C&D Recycling Market; Municipal Waste Recycling Market TEREX® WASTE/RECYCLING Global Recycling Services To Reach $220B/yr. By 2027(4) WELL-CONNECTED TO DURABLE DRIVERS OF SUSTAINABILITY © 2022 Terex Corporation 17#19ALL BUSINESSES POSITIONED TO BENEFIT FROM INCREASED GOVERNMENT SPENDING BILL Infrastructure Investment and Jobs Act Inflation Reduction Act CHIPS Act TEREX® TOTAL ASSOCIATED SPENDING $1.2T over 10 years $369B, anticipated to spur $1.3T in energy spending $53B over 5 years including $39B on factories TEREX OPPORTUNITY Roads and Bridges Airports and Waterways Railways Environmental Power Grids Clean Power Clean Energy Demonstration Clean Energy Manufacturing Chip Manufacturing BOX 11 CHARG Genie BRA © 2022 Terex Corporation Gank Genie BOOM 18#20ROBUST COMPANY STRATEGIC FRAMEWORK EXECUTE TEREX® GROW TEREX® INNOVATE Execute ✓ Safety ✓ Commercial & Operational Excellence ✓ Team: DE&I, Talent Development, Retention ✓ Scalable Company Operating System Innovate ✓ Product Development ✓ Lifecycle Solutions Development ✓ Electrification ✓ Digitization Grow ✓ Superior Customer Lifecycle Experience ✓ Expand Addressable Markets ✓ Portfolio Development © 2022 Terex Corporation 19#21STRATEGIC ORGANIC GROWTH PRIORITIES ● ● Capitalize on Megatrends Capturing growth in circular economy Enabling accelerated electrification • Maximizing benefit from infrastructure investments ● ● TEXECOmed TOS 825-1 Grow Materials Processing Developing in adjacent categories & markets Leveraging dealer relationships ● • Investing in innovation ● ● Genie Optimize Genie Through the Cycle Through cycle margin improvement Continuous margin expansion Topline growth Continued cost discipline ● ● ● Build on Strong Utilities Foundation Maximizing new factory investment Growing in North America Expanding internationally ● • Leading through innovation ● Parts & Services Expanding digital capabilities • Enhancing customer experience • Investing in service capabilities TEREX IS WELL-POSITIONED WITH MULTIPLE, ATTRACTIVE AVENUES FOR GROWTH TEREX® Ⓒ2022 Terex Corporation 20#22POSITIONED TO IMPROVE SALES AND PROFITABILITY Terex Sales Target ($B), Organic Terex OP Margin Target, Organic -$4.3 2022 Outlook ~7%+ CAGR ~$6.0+ 2027 -9.5% +350 - 450 bps 2022 Outlook 13.0% - 14.0% 2027 ORGANIC GROWTH TO $6.0B+ AT 13-14% OP MARGIN Note: Compound annual growth rate (CAGR) and bps calculated from midpoint of 2022 Outlook. These targets exclude the impact of future acquisitions, divestitures, restructuring and other unusual items. TEREX® Ⓒ2022 Terex Corporation 21#23WITH ADDITIONAL POTENTIAL FOR INORGANIC GROWTH Utilities/Infrastructure Digital/Electrification Minerals, Aggregates & Concrete Job Site Productivity/Services Waste & Environmental CONTINUE DEVELOPING AND EXPANDING PORTFOLIO TO CAPITALIZE ON MEGATRENDS AND IMPROVE SHAREHOLDER RETURNS TEREX® Ⓒ2022 Terex Corporation 22#24COMPELLING INVESTMENT OPPORTUNITY 卧 Transformed and diversified industrial leader well-positioned for profitable growth 000 IMD Operating system enables profitability through cycles and high returns on invested capital • Oo Excellent portfolio of market-leading businesses positioned to benefit from secular megatrends Strong balance sheet and cash flow support future growth and return of capital to shareholders TITT Team with deep industry experience and proven ability to create value TEREX® Ⓒ2022 Terex Corporation 23#25MC380X TEREX® MC380 MCBRO MATERIALS PROCESSING | VIDEO Ⓒ2022 Terex Corporation 24#26TEREX® MATERIALS PROCESSING Consistently High- Performing Portfolio Kieran Hegarty President, Terex Materials Processing#27ADDRESSABLE MARKETS THAT SUPPORT SUSTAINABILITY Aggregates $7B Equipment reduces GHG emissions by processing on site Environmental TEREX® $3B Supports recovery of useful material from waste streams BITERSX Note: Addressable markets based on Terex estimates TEREX Concrete $1.5B Increases labor productivity and reduces waste Material Handling $1.1B Handles scrap steel and mixed waste for recycling Lifting $3.4B Tools that build and enable global infrastructure TEREX TEREX TERFX TER SERVING BROAD ~$17B ADDRESSABLE MARKET Diverse applications Consistent operating model Strong channels Favorable macro tailwinds $1.2B Parts & Service Opportunity Ⓒ2022 Terex Corporation 26#28DIVERSE PORTFOLIO PROVIDES A COMPETITIVE ADVANTAGE *Based on 2022 Outlook of ~$1.9B 16% ■ Aggregates ▪ Handling 52% Vertical 14% 11% 7% = Environmental Concrete Lifting 5% 6% 40% Geography 14% ■ N. Ameica ■ India/Asia 35% ■ W. Europe ▪ ANZ/Japan ■ ROW 25% 55% Channel ■ Specialized Dealers ■ Direct 20% Multi-Line Dealers GLOBAL SEGMENT WITH POWERFUL PRODUCT AND DISTRIBUTION STRENGTHS TEREX® Ⓒ2022 Terex Corporation 27#29VERTICAL BUSINESS GROWTH AGGREGATES 2016 ~9.5% CAGR 23 % 2022 Outlook Legacy Offerings New Offerings TEREX® 2-3 x Market Growth ENVIRONMENTAL ~14.5% CAGR 2016 Acquired Offering (CBI) 60 % 2022 Outlook New Offerings Penetration of New Categories OTHER BUSINESSES 2016 ~7.0% CAGR Legacy Offerings 11 % EXECUTION AND INNOVATION ENABLE STRONG GROWTH Robust Underlying Demand การ 2022 Outlook New Offerings © 2022 Terex Corporation INNOVATE TEREX GROW 28#30TRACK RECORD OF GROWTH AND IMPROVEMENT 9.4% $1.2 2016 MP Segment Pro Forma Operating Performance 11.2% $1.3 2017 13.2% TEREX® 14.2% $1.6 $1.6 2018 2019 Sales ($B) 11.4% $1.3 2020 -OP (%) 14.2% $1.7 2021 15.0% - 15.3% $1.9 2022 Outlook Since 2016... 8.7% Sales CAGR 17.4% OP CAGR +575 bps OP Improvement STRONG PERFORMANCE DRIVEN BY ROBUST OPERATING MODEL © 2022 Terex Corporation 29#31STRONG MARKET GROWTH Aggregates ($B) $507 2021 +5.7% CAGR 575 2020 $837 2030 Scrap Steel (M tonnes) +4.5% CAGR 748 2026 Construction & Demolition Waste Recycling ($B) $33 2021 +6.1% CAGR $55 2030 $2,939 2021 $617 2020 Non-Residential Construction ($B) +8.8% CAGR Sources: Precedence Research, The Brainy Insights, Allied Market Research, Global Industry Analysts, The Business Research Company TEREX® GLOBAL DEVELOPMENT DRIVES MP GROWTH Concrete ($B) +4.6% CAGR $4,484 2026 $972 2030 © 2022 Terex Corporation 30#32FAVORABLE UNDERLYING DRIVERS ● ● Increasing Adoption Steady Growth in New Markets Global adoption of new solutions Developing market penetration TEREX® ● ● 5000 Installed Base Growing Parts Demand End of Life Replacement Growing fleet Demanding applications Differentiated support ● Material quality standards • Recycling requirements ● GHG emissions Regulation Compliance Enabled by Terex Solutions ● MP SOLUTIONS ENABLE CUSTOMER PRODUCTIVITY Ⓒ2022 Terex Corporation 31#33UNIQUELY POSITIONED TO WIN Togl D Superior Solutions Specialized Distribution Robust Operating Model Shared Infrastructure Parts and Service Effectiveness TEREX® ● ● ● ● ● ● Technological innovations in each vertical Application knowledge and engineering to address customer needs Adaptable distribution provides best path to market Deeply integrated, robust channels, long-standing relationships GM-accountability for business line performance Consistent operating processes applied segment-wide Common manufacturing and warehousing reduces fixed costs Allows for nimble response to customers, agile market penetration Strengthens long term relationships with distributors and end customers Provides consistent revenue stream Ⓒ2022 Terex Corporation 32#34MET TEREX. SUPERIOR SOLUTIONS IN AGGREGATES #1 globally in mobile crushing & screening #1 globally in heavy-duty trommels Top 3 in other new categories Aggregates are fundamental to global development POWERSCREEN A TEREX BRAND TEREX MPS MDS A TEREX BRAND AFINLAY. A TEREX BRAND EVOQUIP A TEREX BRAND TEREX WASHING SYSTEMS ● ● H 2022 Terex Corporation 33#3538 SUPERIOR SOLUTIONS IN ENVIRONMENTAL Newly created business in 2015 • Now #3 globally in mobile wood & waste processing • Recent entry into stationary systems Circular economy driving demand for environmental solutions TEREX ELDTEL СВІ A TEREX BRAND ZENTOBOTICS TEREX® RECYCLING SYSTEMS TMS 320 ● TOS TWH 200 FLLLLLL w Recycling ZENTOBOTICS Production Circular Economy Use 2022 Terex Corporation 34#36SUPERIOR SOLUTIONS IN CONCRETE, HANDLING AND LIFTING CHARGE K TEREX TEREX. ADVANCE #1 or #2 in N.A. Concrete Categories PROALL A TEREX BRANG TEREX BID-WELL Well-positioned to support increased investments in infrastructure TEREX® W FUCHS. A TEREX BRAND Prostack A TEREX BRAND #3 in Purpose-Built Material Handlers Recent new entrant in ProStack telescoping conveyors and hoppers TEREX FRANNA A TEREX BRAND TEREX Tower Cranes F #1 in Australia Pick & Carry Cranes TEREX Rough Terrain Cranes m Region-specific leadership in rough terrain and tower cranes Ⓒ2022 Terex Corporation 35#37POWERFUL NETWORK OF SPECIALIZED DISTRIBUTORS MP CHANNELS TO MARKET Specialized Distributors (Heavily Concentrated in Our Products) Multi-Line Distributors (Terex is One of Several Offerings) Direct Sales (Driven by Terex Commercial Teams) TEREX® % OF SALES - 55 % - 20% - 25 % POWERSCREEN.FLORIDA A TEREX BRAND REPRESENTATIVE EXAMPLES MOLSON Equipment a Select blue Company Wrench Sales Parts - Service Rentals GROUP VAN DER SPEK LHEUREUX ernst concrete GO WITH GREEN Ⓡ Columbus Equipment KIESEL Company SINCE 1952 DEALER APPLICATION EXPERTISE DIFFERENTIATES TEREX AND ENHANCES CUSTOMER EXPERIENCE TECNO-GRU ab albin borer ag © 2022 Terex Corporation 36#38DISTRIBUTION CHANNEL: A STRATEGIC ADVANTAGE 23 Years Average* Tenure of Top 130 Dealers *Dollar weighted TEREX® -2.0 Average* # of Terex Brands Covered 53% Average* Share of Dealer Wallet 16% Top Dealers Who are 100% Terex ENDURING RELATIONSHIPS WITH HIGH SHARE OF WALLET Ⓒ2022 Terex Corporation 37#39DIGITALIZATION END CUSTOMER Parts Visual Search Connected Dealer Inventory e-Commerce DEALER O DIGITAL INTEGRATED DATA ENABLES DIFFERENTIATED EXPERIENCE SOLUTIONS TEREX TEREX DEALERS Dealer & Customer Portal INTEGRATED PROCESSES O O Remote Service Service Calculator & TCO Fleet Management Configure Price Quote & Digital Order Forms POWERSCREEN CHETERING Home/ Checkout Checkout Customer [email protected] Shipping Shipping Address Florian Cadoret Cincinnati/PS Crushing & Screening LLC-Staging 1330 Monmouth Ave Cincinnati, Ohio, 45225/United States CONNECT WITH TEREX. CDI WORK SMARTER. WORK FASTER. powerscreensales.com is secure and your personal details are protected Order Summary Total (USD) X Subtotal Shipping Tax Coupon Get Certificate 4 x REMOTE ENGINE OIL FILTER ELEMENT Edit Card $542.92 $542.92 $54.48 $0.00 $597.40 DIGITAL DRIVES PRODUCTIVITY, EFFICIENCY AND UPTIME FOR CUSTOMERS TEREX® Ⓒ2022 Terex Corporation 38#40MATERIALS PROCESSING: EXECUTE, INNOVATE GROW EXECUTE Safety Operating System Support TEREX® Materials Processing INNOVA Digital Tools TEREX Power Alternative Continued Expansion GROW New Market Areas Products New Execute ✓ Operational Excellence ✓ Commercial Excellence Innovate ✓ New Category Development ✓ New Product Development ✓ Electrification Grow ✓ Market Growth/Global Adoption ✓ Parts & Service Growth ✓ Inorganic Investments © 2022 Terex Corporation EXECUTE Opt INNOVATE TEREX S Experilt GROW www. 39#41EXECUTION IS DRIVEN BY THE OPERATING SYSTEM Information Flow Information & Material Flow Operational Flow TEREX® 10 Steps to Performance Excellence 01 Sales & Operational Planning 02 Production Control 03 Bill of Materials 04 Sourcing & Supplier Management 05 Materials Management 06 Production 07 Finance 08 People 09 Standard Reporting 10 Know the Score Rigorous processes applied in all MP businesses Drives accountability and consistency of performance Enables management of a diverse segment SINGLE CORE OPERATING SYSTEM APPLIED SEGMENT-WIDE EXECUTE © 2022 Terex Corporation INNOVATE TEREX GROW 40#42PARTS GROWTH OPPORTUNITY Four Interrelated Activities Drive High Customer Satisfaction and Increased Parts Growth 5 امام مال Dealer Engagement ↑ TEREX® Parts Digital Effectiveness ← Service ↑ 2016 Parts availability MP Part Sales 6.5% CAGR Average fill rate PARTS GROWTH ENHANCES OPERATING MARGINS 2022 Outlook การ © 2022 Terex Corporation INNOVATE ETEREX GROW Dealer/customer satisfaction 41#43PURPOSEFUL INNOVATION FUELS PROFITABLE GROWTH "||| Googl (1) 25-30% Sales from products introduced in the last 3 years (1) Long-term annual average TEREX® 5 2 > 100 Recent new categories EVOQUIP A TEREX BRAND TEREX MPS MODULAR TEREX. WASHING SYSTEMS TEREX® RECYCLING SYSTEMS Prostack New categories in development A TEREX BRAND TEREX® Digital Solutions New product programs in flight EXECUTE © 2022 Terex Corporation TEREX GROW TEREX ELUTEL 42#44RECENT AGGREGATES INNOVATION MVOOD SURRY Canica MV2000 VSI Crusher: Modular Solution TEREX® AFINLAY. A TEREX BRAND Finlay LJ-130 Hybrid: Large Mobile Crusher; Dual Power TEREX. WASHING SYSTEMS LEON 1620 EvoQuip Falcon 820 Screen: Compact Finishing Screen TEREX aquaclea TH EVOQUIP A TEREX BRAND Aquaclear Filter Press: Enables Advanced Water Management SUPPORTS SUSTAINED MARKET LEADERSHIP © 2022 Terex Corporation เกล ETEREX GROW 43#45RECENT ENVIRONMENTAL INNOVATION SHREDDING SCREENING ATEREX, BOTTEC TEREX® TTS 520T STOVER HANDLING CONVEYING PRIMARY APPLICATIONS ● ● ● ● Land Clearing & Demolition Construction & Demolition Waste Recycling Commercial & Industrial Waste Recycling Compost/Biomass Forestry/Sawmills/Pulp Mills Waste to Energy NEW PRODUCT CATEGORY; > 40 NEW PRODUCTS INTRODUCED SINCE 2015 UTILIZING EXISTING DISTRIBUTION CHANNELS © 2022 Terex Corporation เกล ETEREX GROW 44#46HANDLING, CONCRETE AND LIFTING INNOVATION E-DRIVE Fuchs e-Drive and Battery Electric Models Enable Zero Emissions for Material Handling Customers TEREX® CHARG Advance Charger and Mini-Mix Product Lines Support Urban Delivery and Short Pours in Concrete 12T FRARNA FRANNA CONTINUOUS DEVELOPMENT OF ALL PRODUCT LINES EXPANDING INTO ADJACENT APPLICATIONS AND NEW GEOGRAPHIES ETEREX Franna FR-17 is a Low-Cost Model That Will Enable Accelerated Growth in India Market for Pick & Carry Cranes Ⓒ2022 Terex Corporation GROW 45#47INNOVATIONS IN EQUIPMENT ELECTRIFICATION Drive Strategy Product Type Terex MP Products Drive Types TEREX® MATURE ● Static/Semi Static Plant Tower Cranes • Static Crushing, Screening, Conveying, Shredding and Grinding Washing Systems Grid Powered Electric Drive ● ● ● IN DEPLOYMENT Site Mobile/Semi Static Operation Mobile Crushing Screening and Conveying Mobile Shredding and Grinding Materials Handles Hybrid Electric Drive Diesel Engine for Transportation Plug-in Operation ● • ● ● ● IN DEVELOPMENT Advance Mixer Trucks Rough Terrain Cranes Franna Cranes Battery Electric Hydrogen Powered Bio-Fuel -60% OF MP PRODUCT OFFERINGS HAVE ELECTRIC OPTIONS On Highway and Site Mobile EXECUTE © 2022 Terex Corporation ETEREX INNOVATE GROW 46#48MP ORGANIC GROWTH MP ORGANIC GROWTH POTENTIAL THROUGH 2027 MP Sales Target ($B) MP OP Margin Target -$1.9 -7.5%+ CAGR 2022 Outlook 2022 Sales Outlook 2027 Sales Target CAGR ~$2.7+ 2027 15.0 - 15.3% Note: Compound annual growth rate (CAGR) and bps calculated from midpoint of 2022 Outlook. TEREX® +85-135 bps 2022 Outlook $1.9B 2022E OP Outlook $2.7B+ 2027 OP Margin Target -7.5%+ Increase 16.0-16.5% 2027 15.0%-15.3% 16.0%-16.5% +85-135bps Ⓒ2022 Terex Corporation 47#49LEVERAGING INORGANIC OPPORTUNITIES April 2022 Capacity Product March 2021 TEREX® Jiading, China Powerscreen Equipment for China Market July 2021 MDS, Ireland Heavy Duty Trommels (Aggregates) STEELWELD D FABRICATIONS LTD home Cookstown, NI Fabrications for Aggregates & Environmental July 2022 ProAll, Canada Volumetric Mixers (Concrete) August 2022 5 DEALS COMPLETED SINCE RELAUNCHING ACQUISITIONS IN 2021 SIGNIFICANT ACQUISITION OPPORTUNITIES Zen Robotics, Finland Robotic Sorting for Heavy Recycling (Environmental) © 2022 Terex Corporation 48#50CONSISTENTLY HIGH-PERFORMING PORTFOLIO PRIMED FOR FUTURE GROWTH 自己 Ⓒ XX Strong portfolio of market-leading specialty equipment businesses and brands Solid track record of sales growth and margin expansion Industry leading dealer networks enable high market share and sustained growth Continued investment in new offerings enables sustained organic upside Significant potential for further expansion via complementary inorganic investments TEREX® © 2022 Terex Corporation 49#51TEREX® Question & Answer 111*** TEREX TOS www.terex.com/ecotec TWH 220 STEREX -----#52TEREX® AERIAL WORK PLATFORMS AK 0776 NAŠA DX TED STATES ARMY Genie. Z-60/37DC NASA 820 N820NA Genie Z-60/37DC 1415-#53nie Genie TEREX® 519) 675 GENIE | VIDEO Ⓒ2022 Terex Corporation 52#54Genie PROFITABILITY THROUGH THE CYCLE Simon Meester President, Genie VOLT Gonie CT636#55DIVERSE ADDRESSABLE MARKETS Construction $6B Commercial Institution Residential Government & Industrial & Infrastructure Manufacturing $2B Utilities Data Centers Military Construction Applications Genie Note: Addressable markets based on Terex estimates Genie $3B Maintenance Process Control Operations OTH Genie GTH105 Agriculture $2B Material Handling Surface Preparation Processing ANCHOR Emerging Markets $1B Entertainment Events Distribution Non-Construction Applications SERVING BROAD $15B ADDRESSABLE MARKET Adding new markets Favorable megatrends Diverse customers & applications $1B Parts & Service Opportunity SEATED AT HEART OF SEVERAL END MARKETS, PRODUCTIVE ASSET TO RENT OR OWN Ⓒ2022 Terex Corporation 54#56MACRO TRENDS SUPPORTING DEMAND GROWTH (in Thousands) 1200 1000 800 009 400 200 Fleet Growth(*) 2008 2010 2012 2014 2016 2018 2020 2022f 2024f 2026f + Ⓒ 65 55 45 35 ● Replacement Cycle(*) Fleet Age (months) Historical Replacement Age 2015 2016 2017 2018 2019 Blue line represents actual fleet age Blue box represents historic optimum fleet age (*) Ducker for IPAF, Internal Market Shipment Modeling/Fleet Age Modeling Genie + in Thousands) 200 150 100 50 O Global Adoption(*) Developing Markets Annual Sales 2015 2016 2017 2018 2019 2020 2021 2022f 2023f 2024f 2025f 2026f 2027f (in Thousands) 009 500 400 300 200 100 0 Demand Growth(*) Aerial Market 2015 2016 2017 2018 2019 2020 2021 2022f 2023f 2024f 2025f 2026f 2027f © 2022 Terex Corporation 55#57ESTABLISHED PLAYER, GLOBAL LEADER 55 Years Keeping People Safe at Height Genie Gania Gania 5-65 Ganda S-43 Tax Genie 5-65 TRX S-65 Te 4516 #1 or #2 Position in Most Markets S-3200 Genie S-3200 100+ Countries Global & Competitive Footprint Ⓒ2022 Terex Corporation 56#58GENIE'S COMPETITIVE STRENGTHS Material Lifts Our Brand Our Product Our Support Genie Ⓒ ● ● ● ● Aerial Work Platforms ● Genie GS-1932m Scissor Lifts Genia S-85XC Telescopic Boom Lifts Geria Z-45 • Wide, deep and broad product portfolio ● Operating at the cutting edge of innovation (i.e., electrification, TCO focused) Genia Industry leading Parts & Services footprint 55,000 connected assets providing actionable feedback Articulating Boom Lifts Globally recognized brand Extensive and deep experience in developing, testing, validating and marketing of products and solutions that keep people safe and deliver attractive return on assets Telehandlers © 2022 Terex Corporation 57#59DRAMATICALLY CHANGED COST STRUCTURE STRATEGIC SOURCING HIGH COST TO LOW COST COUNTRY FIXED TO VARIABLE COST OPTIMIZED SG&A Genie Operating Profit Legacy -$90M cost out versus 2020 Transformed Genie 2.0 IMPROVING THROUGH CYCLE MARGIN PERFORMANCE © 2022 Terex Corporation 58#60GENIE 2.0: EXECUTE, INNOVATE, GROW Genie EXECUTE Culture & Accountability Processes & Systems Addressable Markets Products & Services INNOV Genie QUALITY BY DESIGN Customer Experience GROW Competitive Cost Execute ✓ Operational Excellence ✓ Digitization ✓ Diversity, Talent Development, Retention Innovate ✓ Margin Expansion ✓ Product Development ✓ Footprint Expansion Grow ✓ Superior Customer Experience ✓ Expand Addressable Markets ✓ Portfolio Development © 2022 Terex Corporation EXECUTE Genie BUALITY BY BESIGH 2096 INNOVATE S GROW 59#61EXECUTE-PROFITABLY Continuous Improvement Strategic cost-out ● • Lean manufacturing, automation, vertical integration • Portfolio optimization Flex productivity ● Operational Excellence Genie Operating System ● ● ● ● Standard Work > Agile/digital processes Manage data through the lifecycle Planning & forecasting UNDERPINNED BY WORLD CLASS OPERATING SYSTEM Genie Production Visibility Centralized Visibility into all Production Processes Machine Monitoring Monitor Machines, Sensors & Smart Tool Performance Health P TTT Training Standardized Digital Training Modules to Simplify On-boarding 2000 manjenje Genie Inspection Enhanced Quality Assurance through Digital Audit Systems XX EXECUTE Genie Ⓒ2022 Terex Corporation QUALITY BY DESIGN Manufacturing Analytics INNOVATE GROW Real-time Production Line Performance Monitoring Work Instructions Monitor Standard Work Compliance 60#62INNOVATE - PROFITABLY New Product Development Focused on Total-Cost-of-Ownership competitive hybrid and electrified products ● ● Design for manufacturing and supply chain efficiency ● Embracing and investing for autonomous future Acculon Energy Investment • Advanced battery technology ● expertise Industry leader in certification & testing capabilities Accelerates electrification roadmap leadership UNDERPINNED BY WORLD CLASS OPERATING SYSTEM Genie % M Full Portfolio of Products Data Driven Telematics Innovations Change the Market Ö $ Best in Class ROIC Genie S-45 XC Ⓒ2022 Terex Corporation INNOVATE Genie QUALITY BY DESIGN GROW 61#63INNOVATE - PROFITABLY Mexico Facility Expansion Investing ~$140M in building 1M sq ft facility in Monterrey ● ● • World-class manufacturing system ● Expect 200 bps of improved margins over next three years Replicating Genie Operating System Genie Designs • Genie Quality ● . Genie Processes ● ● Amplified by a strong local experienced Management Team UNDERPINNED BY WORLD CLASS OPERATING SYSTEM Genie ALAALSHAN CR OF SC ***** DEODOR: #000000 4000 Ⓒ2022 Terex Corporation เกล INNOVATE Genie QUALITY BY DESIGN GROW 62#64GROW-PROFITABLY 000 Market Share + Customer Experience Genie Ⓒ ● ● ● ● ● ● ● Channel (non-construction) New products Installed capacity Market growth Ease of doing business Digitalizing to strengthen relationships Maximizing parts availability Optimizing service coverage GENUINE Genie PARTS X18 P467 LBD1 314,0647 0277 DE SEG Genie REMOTE OPERATION Genie S-85 XC LIFT CONNECT [4 BATTERY CHARGE A Genie A TEREX BRAND Genie Genie GS-3246 E-Drive BUY PAT Genie GS-4046 E-Drive sions and vi G-14-Drive e BUY Ⓒ2022 Terex Corporation เวล INNOVATE Genie QUALITY BY DESIGN GROW 63#65CONTINUOUS MARGIN EXPANSION THROUGH THE CYCLE Operating Profit Leading position sustained with Genie 2022 Value Stream Optimization New Product Development Supply Chain Optimization Low-Cost Manufacturing Operational Excellence 2027 Target -14% OP Footprint Investment © 2022 Terex Corporation 64#66GENIE 2.0 lu + Global leader, well positioned for compounded top- and bottom-line growth Strong growth tailwinds in mature and developing markets Transformative actions taken to improve profitability and predictability through the cycle Investing to remain at the forefront of innovation, digitization and footprint Leveraging scale, footprint and purposeful innovation to deliver customer value and continuous margin improvement Genie © 2022 Terex Corporation 65#67TEREXⓇ TEREX MMANDER TEREX UTILITIES | VIDEO F DIGGING FOR A CURE 2 ELLIOT M Rayyy Ⓒ2022 Terex Corporation 66#68TEREX TEREX UTILITIES Platform for Growth Ⓡ John Garrison Chairman & Chief Executive Officer E TEREX#69POSITIONED FOR POWERFUL GROWTH Digger Derricks O #2 In US Insulated Equipment Articulated Aerials $2B Addressable Market In US* Growing >6% Annually #1 With Contractors & Tree Care Telescopic Aerials ● ● Fod ● Transmission Aerials • Technology leadership in insulated offerings Newly consolidated factory footprint Leader in equipment electrification Positioning for growth outside the US Pressure Drills Terex Utilities Advantages * Includes parts & service opportunity. Addressable market based on Terex estimate TEREX® Tree Care Aerials Green Solutions ~ -25% Of Sales From Parts & Services Substation Safety 21 US Service Locations > 60 Field Service Technicians Ⓒ2022 Terex Corporation 68#70ACCELERATING INVESTMENTS IN NET ZERO $60 $50 $40 $30 $20 $10 $0 New Energy Sources GENERATION $22 Investments in the North American Utility Grid ($B)* 2011 $35 2016 Requiring Upgrades, Expansion, Hardening $40 2021 6.2% CAGR TRANSMISSION $54 2026 (f) $9 $5 DISTRIBUTION $6 tr US Infrastructure Investment & Jobs Act Funding for Electrical Infrastructure ($65B)** Sources: Institute for Energy Research, * Terex Analysis of Forecasts from The C Three Group, TEREX® $22 "I II To Support Growing Demand ** PWC " $23 Power Infrastructure Clean Energy Demonstrations Clean Energy Creation Enhanced Manufacturing Other Investments TEREX Installation Upgrades Repairs Ⓒ2022 Terex Corporation 69#71UTILITIES: EXECUTE, INNOVATE, GROW EXECUTE rating System Harm Zero TEREX® Zero Defect Utilities Solutions Green INNOVATE TEREX Customer Delivery Digitization Life Cycle Solutions GROW Customer Experience Products New Execute ✓ Safety ✓ Strategic Sourcing/Factory Throughput ✓ Operating System Innovate ✓ Product Vitality ✓ All Electric Product Growth ✓ Digital Offering Development (ECUTE Ⓒ2022 Terex Corporation 2:4 TEREX GROW INNOV Grow ✓ Support Market Growth via Contractors & Tree Care ✓ Expand Share with IOU's and Public Power ✓ Recurring Revenue Development in Parts and Services ✓ China/Other International Growth 70#72RECENT INVESTMENTS ENABLE GROWTH Watertown, South Dakota Factory TETEREX TEREX® 21 US Service Locations 6610 CAPABILITIES IN PLACE TO SUPPORT STRENGTHENING DEMAND EXECUTE TEREX Goale © 2022 Terex Corporation INNOVATE TEREX GROW 71#73LONG TRACK RECORD OF PURPOSEFUL INNOVATION ● ● ● TERIEX Industry first all-electric Utility Truck Leverages Viatec Smart PTO and Navistar's electric chassis Extending to other models TEREX® ● ● ve Genie Z-45 XC TEREX Genie Genie/Utilities collaboration Improves safety in electrical substations Exploring potential in other applications ● 16 ..... Digital tools enhance customer experience • eCom integration enables ● parts fulfillment © 2022 Terex Corporation ความ TEREX INNOVATE GROW TEREX 72#74POSITIONED TO DELIVER ABOVE MARKET GROWTH T Strong Tailwinds Recurring Revenue Expansion TEREX® Capitalize on Accelerating Investment Expand Parts & Service Reach OF (2)5 TON TU Service Branch in Burrelson, TX A MESSIN Leverage Capacity to Grow Support Global Adoption EREX. Live Line Maintenance in India EXECUTE ៥០០ Growth with Public Power & IOU's Ⓒ2022 Terex Corporation INNOVATE Long Term Opportunity in Non-US Markets 73#75TEREX Ⓡ FINANCIAL OVERVIEW & OUTLOOK Julie Beck SVP & Chief Financial Officer#76REAFFIRMING 2022 FULL-YEAR OUTLOOK(¹) Net Sales SG&A % to Sales Operating Margin Interest / Other Expense Tax Rate EPS Share Count Depreciation / Amortization Free Cash Flow (2) Corp & Other OP Segment Outlook Materials Processing Aerial Work Platforms ~$4.3 billion ~10.6% ~9.5% -$50 million ~20.0% $4.00 - $4.20 ~69.5 million -$50 million ~$125 million ~($73) million Net Sales ($B) ~$1.9 -$2.4 Operating Margin 15.0% - 15.3% ~8.0% (1) Excludes the impact of future acquisitions, divestitures, restructuring and other unusual items (2) CapEx -$120 million TEREXⓇ O MY quell M TEREX. P wer C © 2022 Terex Corporation 75#77TEREX TERREY TEREX Ⓡ FINANCIAL STRENGTH AND FLEXIBILITY Robust portfolio of businesses to deliver accelerated growth Strong financial performance... targeting more than doubling EPS Disciplined capital allocation to support growth and drive shareholder value © 2022 Terex Corporation 76#78PORTFOLIO EVOLUTION - TRANSFORMED... Sales SG&A Operating Margin EPS ROIC 43% 18% 40% Sales 2015 TEREX® 25% 84% -9% Operating Profit AWP $6.5B Sales 14.0% SG&A 5.4% Operating Margin $1.30 EPS 6.6% ROIC MP 44% 2022 Outlook 56% Sales Divested Business $4.00-$4.20 60% ~$4.3B ~10.6% ~9.5% 40% ~20% Operating Profit Materials Processing -60% of operating profit Up from 25% in 2015 Divested $2.7B in capital intensive, low margin sales Reduced SG&A by 340 bps to -10.6% of sales More than tripled EPS & ROIC © 2022 Terex Corporation 77#79STRONG BALANCE SHEET & LIQUIDITY SUPPORTS GROWTH Returned $1.8B of Cash to Shareholders in 7 Years (1) 00000 ~$1.6B in share buybacks, reducing shares outstanding by 37%, net of shares issued for stock-based compensation ~$200M of dividends $1 Reduced Leverage by 2.1X 命 2021 bond issuance ($600M 5.0%, 8 years) provides attractive long-term financing Access to additional leverage (1) Through September 30, 2022 TEREX® Net Debt ($B) & Leverage 3.5x $1.4 2015 56% Reduction in Net Debt 1.4x $0.6 Sep 2022 Ⓒ2022 Terex Corporation 78#80CONSOLIDATED FINANCIAL TARGETS FOR 2027 Strong Sales Growth Driving Industry Leading Financial Performance $ bet A DA TRIN ~$6.0B+ Sales TEREX® $ 0000 Genie S-60FE 13.0% - 14.0% Operating Margin Genie A AUSM S-60FE Hybrid 4x4 m $8.00 - $9.50 EPS 0 T ● TEREX. $ +25% ROIC © 2022 Terex Corporation 79#81MATERIALS PROCESSING Sales and Operating Margin Targets ($ billions) $1.6 14.2% 2019 $1.3 11.4% 2020 $1.7 14.2% -7%+ CAGR(¹) -$1.9 SALES 15.0% - 15.3% 2021 2022 Outlook OP MARGIN +85-135 bps(¹) -$2.7+ 16.0% - 16.5% 2027E SCREEN LO Expanding into new & adjacent markets Developing adjacent product lines Market leading innovation Industry leading dealer networks (1) Compound annual growth rate (CAGR) and bps calculated from midpoint of 2022 Outlook. These targets exclude the impact of future acquisitions, divestitures, restructuring and other unusual items. TEREX® Ⓒ2022 Terex Corporation 80#82AERIAL WORK PLATFORMS Sales and Operating Margin Targets ($ billions) $2.7 7.2% $1.8 ~5% 0.0% (2) $2.2 7.0% SALES -6.5%+ CAGR(¹) -$2.4 -8.0% OP MARGIN +500-600 bps(¹) Reflects Pro Forma benefit of $90M cost out actions -$3.3+ 13.0% - 14.0% JHONC Improving margins Genie GS-1932m Capturing Utilities growth opportunities Moving into new & adjacent markets Market leading innovation 2019 2020 2021 2022 Outlook 2027E (1) Compound annual growth rate (CAGR) and bps calculated from midpoint of 2022 Outlook. These targets exclude the impact of future acquisitions, divestitures, restructuring and other unusual items. (2) Reported actual result TEREX® Ⓒ2022 Terex Corporation 81#83CAPITAL ALLOCATION PRIORITIES Invest in Core Business Organic growth, margin improvement, innovation (R&D) CapEx Target: 1-3% of sales, including maintenance of ~1% of sales ● ● Dividend(¹) Maintain consistent payout policy ● Acquisitions Acquire businesses to advance strategy and drive value creation ● Opportunistic Share Buybacks(¹) Offset dilution Return capital to shareholders ● ● (1) Subject to ongoing Board approval TEREX® Strong Cash Generation & Balance Sheet Free Cash Flow Target: 75 - 100% Conversion on Net Income Leverage Target: 2.5x Net Debt-to-EBITDA Through the Cycle © 2022 Terex Corporation 82#84BALANCE SHEET POSITIONS TEREX FOR LONG-TERM PROFITABLE GROWTH THROUGH ACQUISITIONS Portfolio Objectives Build Strong Platforms Leverage Core Operating Model Increase Recurring Revenue Expand Gross Margin Out Earn Cost of Capital TEREX® Strategic Fit ● ● ● ● Terex Deal Criteria Financial Attractiveness ● • Attractive IRR pre-synergy EPS Accretive by Year 2 Grow Materials Processing Expand Utilities Add Technologies Leverage Genie ● Opportunities for Growth Differentiated Offering ● Channel Synergies People / Team Targeted Impact (EPS) $1.00 - $3.00 Inorganic Organic $4.00- $4.20 2022 $8.00 - $9.50 2027 DISCIPLINED M&A PROCESS: ACQUIRE GOOD BUSINESSES, MAKE THEM BETTER © 2022 Terex Corporation 83#85CONSOLIDATED FINANCIAL TARGETS FOR 2027 Strong Sales Growth Driving Industry Leading Financial Performance $ bet A DA TRIN ~$6.0B+ Sales TEREX® $ 0000 Genie S-60FE 13.0% - 14.0% Operating Margin Genie A AUSM S-60FE Hybrid 4x4 m $8.00 - $9.50 EPS 0 T ● TEREX. $ +25% ROIC © 2022 Terex Corporation 84#86TEREX CLOSING REMARKS John Garrison Chairman & Chief Executive Officer#87COMPELLING INVESTMENT OPPORTUNITY 卧 Transformed and diversified industrial leader well-positioned for profitable growth 000 IMD Operating system enables profitability through cycles and high returns on invested capital • Oo Excellent portfolio of market-leading businesses positioned to benefit from secular megatrends Strong balance sheet and cash flow support future growth and return of capital to shareholders TITT Team with deep industry experience and proven ability to create value TEREX® Ⓒ2022 Terex Corporation 86#88TEREX® Question & Answer

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