Q4 2022 Earnings Conference Call

Proactively Managing Macroeconomics Headwinds ? TE Macro Issues Geopolitical uncertainty Challenging supply chain environment High inflationary environment Labor availability challenges ● ● ● ● ● Mitigation Strategies Engaging with suppliers and customers TEREX® Implementing alternative sources and adjusting production schedules Slight improvement in supplier on-time-delivery and transit times, but still remain impacted by supply disruptions Certain costs are coming down, but we see overall cost increases, particularly in Europe. Working with suppliers to reduce costs and taking required pricing actions Focus on safety, culture, values and competitive compensation to remain an employer of choice 10

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