Terex : Sparinvest ESG Investor Panel Presentation

Sparinvest ESG Investor Panel

June 17, 2021

EXECUTE INNOVATE GROW

Forward Looking Statements

Certain information in this presentation includes forward-looking statements (within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995) regarding future events or our future financial performance that involve certain contingencies and uncertainties, including those discussed in our Quarterly Report on Form 10-Q for the quarter ending March 31, 2021, in the sections entitled "Management's Discussion and Analysis of Financial Condition and Results of Operations - Contingencies and Uncertainties." In addition, when included in this presentation or in documents incorporated herein by reference, the words "may," "expects," "should," "intends," "anticipates," "believes," "plans," "projects," "estimates," "will" and the negatives thereof and analogous or similar expressions are intended to identify forward-looking statements. However, the absence of these words does not mean that the statement is not forward-looking. We have based these forward-looking statements on current expectations and projections about future events. These statements are not guarantees of future performance. Such statements are inherently subject to a variety of risks and uncertainties that could cause actual results to differ materially from those reflected in such forward-looking statements. Such risks and uncertainties, many of which are beyond our control, include, among others:

• our business has been, and could be further, adversely impacted by global health pandemics such as the outbreak of a new strain of coronavirus ("COVID-19");
• our business is highly competitive and is affected by our cost structure, pricing, product initiatives and other actions taken by competitors;
• we are dependent upon third-party suppliers, making us vulnerable to supply shortages and price increases;
• our operations are subject to a number of potential risks that arise from operating a multinational business, including compliance with changing regulatory environments and political instability;
• a material disruption to one of our significant facilities;
• our business is sensitive to government spending;
• our business is affected by the cyclical nature of markets we serve;
• our financial results could be adversely impacted by the United Kingdom's ("U.K.") departure from the European Union ("E.U.");
• changes affecting the availability of the London Interbank Offered Rate ("LIBOR") may have consequences on us that cannot yet reasonably be predicted;
• our need to comply with restrictive covenants contained in our debt agreements;
• our ability to generate sufficient cash flow to service our debt obligations and operate our business;
• our ability to access the capital markets to raise funds and provide liquidity;
• the financial condition of suppliers and customers, and their continued access to capital;
• exposure from providing financing and credit support for some of our customers;
• we may experience losses in excess of recorded reserves;
• our business is global and subject to changes in exchange rates between currencies, commodity price changes, regional economic conditions and trade relations;
• our retention of key management personnel;
• possible work stoppages and other labor matters;
• changes in import/export regulatory regimes and the escalation of global trade conflicts could continue to negatively impact sales of our products and our financial results;
• compliance with changing laws and regulations, particularly environmental and tax laws and regulations;
• litigation, product liability claims and other liabilities;
• our compliance with the United States ("U.S.") Foreign Corrupt Practices Act and similar worldwide anti-corruption laws;
• increased regulatory focus on privacy and data security issues and expanding laws;
• our ability to comply with an injunction and related obligations imposed by the U.S. Securities and Exchange Commission ("SEC");
• our ability to successfully implement our strategy:
• disruption or breach in our information technology systems and storage of sensitive data; and
• other factors.

Actual events or our actual future results may differ materially from any forward-looking statement due to these and other risks, uncertainties and material factors. The forward-looking statements contained herein speak only as of the date of this presentation and the forward-looking statements contained in documents incorporated herein by reference speak only as of the date of the respective documents. We expressly disclaim any obligation or undertaking to release publicly any updates or revisions to any forward-looking statement contained or incorporated by reference in this presentation to reflect any change in our expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.

Non-GAAP Measures: Terex from time to time refers to various non-GAAP (generally accepted accounting principles) financial measures in this presentation. Terex believes that this information is useful to understanding its operating results and the ongoing performance of its underlying businesses without the impact of special items. See the appendix at the end of this presentation as well as the Terex first quarter 2021 earnings release on the Investor Relations section of our website www.terex.com for a description and/or reconciliation of these measures.

Total amounts in tables of this presentation may not add due to rounding.

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Companywide ESG Highlights

John Garrison

Chairman & CEO

EXECUTE INNOVATE GROW

Zero Harm Culture & Terex Way Values

Safety is an absolute way of life	Global team members are social
whether you work for us, supply us, use	distancing and following safety
our equipment, or receive our services	protocols to safely serve customers

Zero Harm Safety Culture is foundational to Terex's culture

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Today's Presenters

John L. Garrison, Jr	Tony Webb	Amy J. George
Chairman & CEO,	Senior Director,	Senior Vice President,
President Terex AWP	Health, Safety and Environment	Chief Human Resources Officer
5 Years with Terex	7 Years with Terex	14 Years with Terex

Stacey Babson-Smith	John D. Sheehan
Vice President,	Senior Vice President,
Chief Ethics & Compliance Officer	Chief Financial Officer
19 Years with Terex	4 Years with Terex	5