Investor Presentaiton

2021 Outlook and Profitability Drivers Equipment Backlog() QI 2021 vs Q4 2020 157% HS2 Orders In QI 2021 backlog £83M FINNING Construction Rebuilds Canada, certified rebuilds 3421 QI 2021 FY 2020 GHG Emissions QI 2021 vs Q1 2020 +11% Positive 2021 Outlook (2) Expect revenue growth in 2021 underpinned by strong backlog, however, remaining below 2019 levels Expect 2021 earnings to exceed 2019, despite slower than anticipated vaccine rollout in Canada and challenges related to COVID-19 Expect strong annual free cash flow(1) in 2021; EBITDA to FCF conversion (1) modestly below 50% due to increased inventory purchases 2021 Profitability Drivers Operating leverage in a recovering market Product support growth in all regions Significant progress towards SG&A target Effective allocation of capital རཿ་་་་ Product Support Growth Construction market share gains Mining upcycle capture SG&A as % of Net Revenue(1)(2) %~17% Mid-cycle target EBITDA to FCF Conversion (2) (2) This is forward-looking information. See slide 10 for more information. -50% 2013-2020 average Mid-cycle target (1) This is a non-GAAP financial measure. See slide 10 for more information. 3

View entire presentation