2022 Investor Day

CAPITAL 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

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