Current Investor Presentation - November 2021

Reinventing how the

world cleans.

TENNANTCO.COM

INVESTOR

PRESENTATION

November 2021

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SAFE HARBOR STATEMENT

Certain statements contained in this document are considered "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act. These statements do not relate to strictly historical or current facts and provide current expectations or forecasts of future events. Any such expectations or forecasts of future events are subject to a variety of factors. These include factors that affect all businesses operating in a global market as well as matters specific to us and the markets we serve. Particular risks and uncertainties presently facing us include: geopolitical and economic uncertainty throughout the world; uncertainty surrounding the impacts and duration of the COVID-19 pandemic; our ability to comply with global laws and regulations; our ability to adapt to customer pricing sensitivities; the competition in our business; fluctuations in the cost, quality or availability of raw materials and purchased components; our ability to adjust pricing to respond to cost pressures; unforeseen product liability claims or product quality issues; our ability to attract, retain and develop key personnel and create effective succession planning strategies; our ability to effectively develop and manage strategic planning and growth processes and the related operational plans; our ability to successfully upgrade and evolve our information technology systems; our ability to successfully protect our information technology systems from cybersecurity risks; the occurrence of a significant business interruption; our ability to maintain the health and safety of our workers; our ability to integrate acquisitions; and our ability to develop and commercialize new innovative products and services. We caution that forward-looking statements must be considered carefully and that actual results may differ in material ways due to risks and uncertainties both known and unknown. Information about factors that could materially affect our results can be found in our 2020 Form 10-K. Shareholders, potential investors and other readers are urged to consider these factors in evaluating forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements. We undertake no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law. Investors are advised to consult any further disclosures by us in our filings with the Securities and Exchange Commission and in other written statements on related subjects. It is not possible to anticipate or foresee all risk factors, and investors should not consider any list of such factors to be an exhaustive or complete list of all risks or uncertainties.

PROFILE:

A Global Leader in Mechanized Cleaning

$1.0B	$119.4M / 11.9%
2020 Revenue	2020 Adjusted EBITDA*

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MULTIPLE

Initiatives to improve profitability

INNOVATIONS

That deliver value for Tennant and our customers

SOLID

Balance sheet and cash flow

PROFIT-ORIENTED

Growth Model

*Note: See the Supplemental Non-GAAP Financial Table within the Q4'20 Earnings Release for details.

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The Leader in the Cleaning Market

Tennant | IPC | Gaomei | Nobles | Alfa

			20%
MARKET SIZE
Market Share
Includes only Tennant-like categories
Excludes power washers and tools	MARKET LEADER

The RIGHT PRODUCTS and SERVICES	5

Our Core Brands

Throughout its history, Tennant has focused on advancing our industry by aggressively pursuing new technologies and creating a culture that values innovation.

Innovation	Mid-tier	China
Leader	Market	Market

Unmatched	Industry-	Distributor	Expanded	Mid-tier China
leading	Product
Service	Based	Market
Quality	Offering