Astec Industries : Stifel Virtual Investor Conference

Stifel Virtual Cross Sector	June 10, 2021
Insight Conference

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Safe Harbor

Certain statements contained in this presentation contain forward-looking statements within the meaning of the Securities Act of 1933, as amended, the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. Such statements relate to, among other things, income, earnings, cash flows, changes in operations, operating improvements, businesses in which we operate and the United States and global economies. Statements in the presentation that are not historical are hereby identified as "forward-looking statements" and may be indicated by words or phrases such as "anticipates", "supports", "plans", "projects", "expects", "believes", "should", "would", "could", "hope", "forecast", "management is of the opinion", use of the future tense and similar words or phrases. These forward-looking statements are based largely on management's expectations, which are subject to a number of known and unknown risks, uncertainties and other factors discussed and described in our most recent Annual Report on Form 10-K, including those risks described in Part I, Item 1A. Risk Factors thereof, and in other reports filed subsequently by us with the Securities and Exchange Commission, which may cause actual results, financial or otherwise, to be materially different from those anticipated, expressed or implied by the forward- looking statements. All forward-looking statements included in this document are based on information available to us on the date hereof, and we assume no obligation to update any such forward-looking statements to reflect future events or circumstances, except as required by law.

Non-GAAP Measures

In an effort to provide investors with additional information regarding the Company's results, the Company refers to various GAAP (U.S. generally accepted accounting principles) and non-GAAP financial measures which management believes provide useful information to investors. These non-GAAP measures have no standardized meaning prescribed by U.S. GAAP and therefore are unlikely to be comparable to the calculation of similar measures for other companies. Management of the Company does not intend these items to be considered in isolation or as a substitute for the related GAAP measures. Nonetheless, this non-GAAP information can be useful in understanding the Company's operating results and the performance of its core business. Management of the Company uses both GAAP and non-GAAP financial measures to establish internal budgets and targets and to evaluate the Company's financial performance against such budgets and targets. A reconciliation of these non-GAAP measures to the most directly comparable GAAP measure is included in the appendix of our News Release of first quarter 2021 earnings which can be located atwww.astecindustries.com.

1Q21 Earnings Presentation |	2

Astec Highlights

Barry Ruffalo | President & Chief Executive Officer

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Today's Key Messages

01	First quarter performance negatively impacted by sales mix and factory ramp up challenges including
	a tight labor market; backlog remains strong with orders up 72% compared to 1Q20
02	Positioning our business to meet strong and increasing customer demand; providing customers with
	industry-leading technology solutions that deliver value and support our Rock to Road initiatives
03	Well-positioned for future growth and to execute in all economic scenarios with a streamlined
	organizational structure, a strong balance sheet and ample liquidity
04	Our strategic transformation journey to Simplify, Focus and Grow the business continues with an
	increased focused on 'Grow' pillar; focused organic and inorganic strategic growth opportunities
05	Continued focus on operational excellence and profitable growth to drive long-term stakeholder value
	creation

1Q21 Earnings Presentation |	4

Astec at a Glance (NASDAQ: ASTE)

Built to Connect People, Processes and Products, Advancing Innovative Solutions

from Rock to RoadTM as OneASTEC

Key Statistics1
1972		Chattanooga, TN		3,646		$1.6 B		100+
Founded		Headquarters		Employees		Market-cap		Product Categories

2020 Revenue Mix: ~ $1.02B

• As of 1Q21

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