Q1 2016 Conference Call...Q1 Continuing Operations Results USD Millions, except Earnings per Share 6 Q1 2016 Q1 2016 Q1 2015 As Reported As Adjusted(1) Net Sales $1,426.9 $1,426.9

Q1 2016 Conference Call April 27, 2016

Forward-Looking Statements

& Non-GAAP Measures

2

This presentation contains forward-looking information regarding future events or the Company’s future financial performance based on the current expectations of Terex Corporation. In addition, when included in this presentation, the words “may,” “expects,” “intends,” “anticipates,” “plans,” “projects,” “estimates” 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. The Company has based these forward-looking statements on current expectations and projections about future events. These statements are not guarantees of future performance. Because forward-looking statements involve risks and uncertainties, actual results could differ materially. Such risks and uncertainties, many of which are beyond the control of Terex, include among others: Our business is cyclical and weak general economic conditions affect the sales of our products and financial results; the effect of the announcement and pendency of the merger with Konecranes Plc (“Konecranes”) and the non-binding proposal from Zoomlion Heavy Industry Science and Technology Co. on our customers, employees, suppliers, vendors, distributors, dealers retailers, operating results and business generally, and the diversion of management’s time and attention; our ability to successfully integrate acquired businesses, including the pending merger with Konecranes; the 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; our business is sensitive to government spending; our business is very competitive and is affected by our cost structure, pricing, product initiatives and other actions taken by competitors; our retention of key management personnel; the financial condition of suppliers and customers, and their continued access to capital; our providing financing and credit support for some of our customers; we may experience losses in excess of recorded reserves; the carrying value of goodwill and other indefinite-lived intangible assets could become impaired; our ability to obtain parts and components from suppliers on a timely basis at competitive prices; our business is global and subject to changes in exchange rates between currencies, commodity price changes, regional economic conditions and trade restrictions; our operations are subject to a number of potential risks that arise from operating a multinational business, including compliance with changing regulatory environments, the Foreign Corrupt Practices Act and other similar laws and political instability; a material disruption to one of our significant facilities; possible work stoppages and other labor matters; compliance with changing laws and regulations, particularly environmental and tax laws and regulations; litigation, product liability claims, intellectual property claims, class action lawsuits and other liabilities; our ability to comply with an injunction and related obligations imposed by the United States Securities and Exchange Commission (“SEC”); disruption or breach in our information technology systems; and other factors, risks and uncertainties that are more specifically set forth in our public filings with the SEC. 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 2016 earnings release on the Investor Relations section of our website www.terex.com for a description and/or reconciliation of these measures.

3

M&A Update

• In March we received a revised non-

binding proposal from Zoomlion

Heavy Industry to acquire all of the

outstanding shares of Terex for

$31.00 per share in cash

‒ Active due diligence process underway

‒ Pursuing a binding and definitive

proposal

‒ Focus on certainty of closure

• Terex Board of Directors has not

changed its recommendation in

support of the proposed combination

with Konecranes

‒ Moving ahead with the necessary

filings to achieve antitrust, regulatory

and shareholder approvals

4

Executing to Win

5

Financial Summary

• Sales declined 4.6% in the

quarter, 3.1% related to

currency translation

• Q1 loss per share of $0.05 as

adjusted(1), reported loss per

share of $0.68

• Free cash flow(1) of

($146 million) in the quarter

• Backlog down 1% from Q4-15

and down 20% year on year

(1) See the appendix for reconciliation to US GAAP

Q1 Continuing Operations Results

USD Millions, except Earnings per Share

6

Q1 2016 Q1 2016 Q1 2015

As Reported As Adjusted(1)

Net Sales $1,426.9 $1,426.9 $1,495.6

% Change vs 2015 (4.6%) (4.6%)

Income (loss) from Operations (41.7) 25.4 44.2

Operating Margin (2.9%) 1.8% 3.0%

Interest & Other Income (Expense) (27.7) (20.2) (34.1)

Effective Tax Rate (7.2%) 211.5% 114.9%

Earnings (loss) per Share ($0.68) ($0.05) ($0.02)

EBITDA ($13.1) $54.0 $75.8

% Net Sales (0.9%) 3.8% 5.1%

ROIC 5.4% 9.8%


7

BAUMA 2016

North America

Western Europe Asia/

Pacific

E. Europe, Middle

East & Africa

LATAM

Sales by Geography 2016 vs 2015

8

(7)%

Actual FX-Adj.

(7)% 3%

Q1

Actual FX-Adj.

Q1

Actual FX-Adj.

Q1

(28)%

Actual FX-Adj.

(23)% Q1

Actual FX-Adj.

Q1 6% 14%

Operating Summary

34%

11%

8%4%

43%

2016 Q1

Western Europe

Asia / Pacific

Other

LATAM

North America

32%

10%

10%3%

45%

2015 Q1

2% 8%

2% 15%

Aerial Work Platforms

USD Millions

Q1 '16 Q1 '15

Net Sales 520.7 517.5

% Change vs. '15 0.6%

Operating Profit, as adjusted(1) 44.1 44.6

Operating Margin % 8.5% 8.6%

Operating Profit, as reported 38.1 44.6


Backlog 517 706

% Change vs. '15 (26.8%)

• Cautious NA

market,

particularly

the nationals

• Growth in

Western

Europe

• Pricing

pressure

• Material cost

and

productivity

offsets

799 614 392 947 512 383 444 701 418

138%

85%

66%

206%

100% 57%

80%

162%

83%

0%

50%

100%

150%

200%

250%

0

200

400

600

800

1,000

Q1 '14 Q2 '14 Q3 '14 Q4 '14 Q1 '15 Q2 '15 Q3 '15 Q4 '15 Q1 '16

Net Bookings Book-to-Bill Ratio

9


Cranes

• NA market very weak

• Moderate growth in Western Europe

– Redesigned Demag® AT gaining

acceptance

• Growth in Towers

• Utilities softening

10

Q1 '16 Q1 '15

Net Sales 307.3 353.3

% Change vs. '15 (13.0%)

Operating Profit, as adjusted(1) (13.8) 2.4

Operating Margin % (4.5%) 0.7%

Operating Profit, as reported (16.6) 2.4

Operating Margin % (5.4%) 0.7%

Backlog 398 535

% Change vs. '15 (25.6%)

USD Millions

506 462 252 423 340 400 272 416 293

142%

99%

67%

97%

97%

95%

74%

103%

97%

0%

20%

40%

60%

80%

100%

120%

140%

160%

0

100

200

300

400

500

600

Q1 '14 Q2 '14 Q3 '14 Q4 '14 Q1 '15 Q2 '15 Q3 '15 Q4 '15 Q1 '16



Material Handling & Port Solutions

USD Millions

• Material Handling market mixed

• Lower growth rates in global

container traffic

• Focus on aligning cost structure

with business volumes

11

Q1 '16 Q1 '15

Net Sales 317.7 344.3

% Change vs. '15 (7.7%)

Operating Profit, as adjusted(1) (12.2) (4.4)

Operating Margin % (3.8%) (1.3%)

Operating Profit, as reported (61.8) (4.4)

Operating Margin % (19.5%) (1.3%)

Backlog 554 617

% Change vs. '15 (10.2%)

425 444 327 378 332 419 361 314 307

109%98%

67% 71%

98%

109%

94%

77%

98%

0%

20%

40%

60%

80%

100%

120%

0

50

100

150

200

250

300

350

400

450

500

Q1 '14 Q2 '14 Q3 '14 Q4 '14 Q1 '15 Q2 '15 Q3 '15 Q4 '15 Q1 '16



Materials Processing

12

• Performance as expected

• Good execution

– cost management

• New products and expanded

distribution lifting Fuchs ®

• Persistent weakness in mining sector

USD Millions

Q1 '16 Q1 '15

Net Sales 177.3 181.1

% Change vs. '15 (2.1%)

Operating Profit, as adjusted(1) 10.5 9.3


Operating Profit, as reported 10.1 9.3


Backlog 114 132

% Change vs. '15 (13.6%)195 194 175 197 225 164 174 180 217

103%

89%93%

98%

128%

80%

91% 91%

125%

0%

20%

40%

60%

80%

100%

120%

140%

0

40

80

120

160

200

240

Q1 '14 Q2 '14 Q3 '14 Q4 '14 Q1 '15 Q2 '15 Q3 '15 Q4 '15 Q1 '16



Construction

• Growth in NA concrete business

continues

• New and improved products

driving sales

• German compact market

remains weak

USD Millions

13

Q1 '16 Q1 '15

Net Sales 142.5 122.2

% Change vs. '15 16.6%

Operating Profit, as adjusted(1) 2.1 (3.6)

Operating Margin % 1.5% (2.9%)

Operating Profit, as reported 1.3 (3.6)

Operating Margin % 0.9% (2.9%)

Backlog 131 151

% Change vs. '15 (13.2%)

191 164 98 146 144 93 91 138 126

140%

95%

64%

105%

142%

76% 75%

138%

105%

0%

20%

40%

60%

80%

100%

120%

140%

160%

0

50

100

150

200

250

Q1 '14 Q2 '14 Q3 '14 Q4 '14 Q1 '15 Q2 '15 Q3 '15 Q4 '15 Q1 '16



Summary

($ in Millions, except Earnings per Share)

USD Millions

Mixed global markets:

• Pockets of stability, but many markets

remain weak

• Caution prevails in NA rental channel

• Oil & gas and commodity slump

constraining investment

Focus on what we can control:

• Investing through the cycle – new

product development

• Manufacturing footprint / supply chain

• General & administrative expenses

• Restructuring actions

14

14

Questions?

15

Appendix

16

Backlog Trend

Backlog shown is less than 12 months

USD Millions

17

$ % $ %

Terex (24) (1%) (427) (20%)

MP 43 61% (18) (14%)

MHPS (7) (1%) (63) (10%)

Cranes (9) (2%) (137) (26%)

Constr. 2 2% (20) (13%)

AWP (53) (9%) (189) (27%)

Sequential

Change

Year on Year

Change

524 421

218

704 706

441 301

570 517

166

155

102

108 151

121

92

129 131

652

636

527

512535

514

401

407398

899

888

771

595617

653

599

561

554

123

99

86

82

132

106

89

71114

March 2014 June 2014 September 2014 December 2014 March 2015 June 2015 September 2015 December 2015 March 2016

AWP Construction Cranes MHPS MP

1,835

2,001

2,141

1,482

2,364

1,704 1,738

2,199

1,714

Q1 2016 Adjustments

18

USD Millions, except Earnings per Share

Q1 2016 Q1 2016

As Reported As Adjusted

Net Sales 1,426.9$ - - 1,426.9$

Income (loss) from Operations (41.7) 3.0 64.1 25.4

Interest & Other Income (Expense) (27.7) 7.5 - (20.2)

Income (Loss) from Cont. Ops. Before Taxes (69.4) 10.5 64.1 5.2

Benefit from (Provision for) Income Taxes (5.0) (1.6) (4.4) (11.0)

Non Controlling Interest 0.2 - - 0.2

Income (Loss) from Continuing Operations (74.2)$ 8.9 59.7 (5.6)$

Earnings (loss) per Share (0.68)$ 0.08$ 0.55$ (0.05)$

Merger

Related

Restructuring

& Related

Q1 2016 Adjusted OP by Segment

USD Millions

19

Q1 2016 Q1 2016

As Reported As Adjusted

AWP $ 38.1 $ 6.0 $ 44.1

Cranes (16.6) 2.8 (13.8)

MHPS (61.8) 49.6 (12.2)

MP 10.1 0.4 10.5

Construction 1.3 0.8 2.1

Corporate / Other (12.8) 7.5 (5.3)

Consolidated (41.7)$ 67.1$ 25.4$

Adjustments

Glossary

20

In an effort to provide investors with additional information regarding the Company’s results,

Terex refers to various GAAP (U.S. generally accepted accounting principles) and non-GAAP

financial measures which management believes provides useful information to investors.

These non-GAAP measures may not be comparable to similarly titled measures being

disclosed by other companies. In addition, the Company believes that non-GAAP financial

measures should be considered in addition to, and not in lieu of, GAAP financial measures.

Terex believes that this non-GAAP information is useful to understanding its operating results

and the ongoing performance of its underlying businesses. Management of Terex 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.

The amounts described below are unaudited, are reported in millions of U.S. dollars (except

per share data and percentages), and are as of or for the period ended March 31, 2016, unless

otherwise indicated.

As changes in foreign currency exchange rates have a non-operating impact on the translation

of our financial results, we believe excluding the effect of these changes assists in the

assessment of our business results between periods. We calculate the translation effect of

foreign currency exchange rate changes by translating the current period results at the rates

that the comparable prior periods were translated to isolate the foreign exchange component of

the fluctuation from the operational component.

Glossary: Free Cash Flow

USD Millions

21

Free Cash Flow is defined as the sum of net cash provided by (used in) operating activities,

the change in TFS assets, less capital expenditures. The company includes changes in TFS

assets in its definition to more closely align with how companies with captive finance

companies calculate free cash flow. We believe that the measure of free cash flow provides

management and investors further information on cash generation or use in our primary

operations.

Net cash provided by (used in) operating activities $ (129.2) $ (110.7)

Plus: Increase/(decrease) in TFS Assets 4.7 41.8

Less: Increase in cash for securitization settlement 0.5 —

Less: Capital expenditures (22.2) (26.2)

Free Cash Flow $ (146.2) $ (95.1)

Three Months

Ended March 31,

2016 2015

Glossary: Debt & Net Debt

USD Millions

22

Debt is calculated using the Condensed Consolidated Balance Sheet amounts for Notes

payable and current portion of long-term debt plus Long-term debt, less current portion.

Net Debt is calculated as Debt less Cash and cash equivalents. These measures aid in

the evaluation of the Company’s financial condition.

Long-term debt, less current portion $ 1,668.9 $ 1,729.9

Notes payable and current portion of long-term debt 162.0 80.2

Debt 1,830.9 1,810.1

Less: Cash and cash equivalents (323.6) (466.5)

Net Debt $ 1,507.3 $ 1,343.6

March 31,

2016

December 31,

2015

Glossary: EBITDA

USD Millions

23

EBITDA is defined as earnings, before interest, taxes, depreciation and amortization. The

Company calculates this by adding the amount of depreciation and amortization expenses

that have been deducted from income from operations back into income from operations to

arrive at EBITDA. Depreciation and amortization amounts reported in the Consolidated

Statement of Cash Flows include amortization of debt issuance costs that are recorded in

Interest expense and, therefore, are not included in EBITDA. Terex believes that

disclosure of EBITDA will be helpful to those reviewing its performance, as EBITDA

provides information on Terex’s ability to meet debt service, capital expenditure and

working capital requirements, and is also an indicator of profitability.

Income (loss) from operations $ (41.7) $ 44.2

Depreciation 22.6 25.3

Amortization 7.3 7.6

Bank fee amortization not included in Income (loss) from

operations (1.3) (1.3)

EBITDA (13.1) 75.8

Operating profit adjustments 67.1 -

Adjusted EBITDA $ 54.0 $ 75.8

Three Months

Ended March 31,

2016 2015

Glossary: ROIC

24

Return on Invested Capital (“ROIC”) is determined by dividing the sum of Net Operating Profit After Tax

(“NOPAT”)(as defined below) for each of the previous four quarters by the average of the sum of Total Terex

Corporation stockholders’ equity plus Debt (as defined above) less Cash and cash equivalents for the previous

five quarters. NOPAT for each quarter is calculated by multiplying Income (loss) from operations by a figure

equal to one minus the effective tax rate of the Company. The Company believes that returns on capital

deployed in Terex Financial Services (“TFS”) does not represent its primary operations and, therefore, TFS

finance receivable assets and results from operations have been excluded from the calculation below. The

effective tax rate is equal to the (Provision for) benefit from income taxes divided by Income (loss) from

continuing operations before income taxes for the respective quarter. The Company calculates ROIC using

the last four quarters’ adjusted NOPAT as this represents the most recent 12-month period at any given point of

determination. In order for the denominator of the ROIC ratio to properly match the operational period reflected

in the numerator, the Company includes the average of five quarters’ ending balance sheet amounts so that the

denominator includes the average of the opening through ending balances (on a quarterly basis) thereby

providing, over the same time period as the numerator, four quarters of average invested capital.

Terex management and the Board of Directors use ROIC as one of the primary measures to assess operational

performance and in connection with certain compensation programs. Terex utilizes ROIC as a metric because

management believes it measures how effectively the Company invests its capital and provides a better

measure to compare the Company to peer companies to assist in assessing how it drives operational

improvement. Management believes ROIC measures return on the amount of capital invested in the

Company’s primary businesses, excluding TFS, as opposed to another metric such as return on stockholders’

equity that only incorporates book equity, and is thus a more accurate and descriptive measure of the

Company’s performance. Terex also believes that adding Debt less Cash and cash equivalents to Total

stockholders’ equity provides a better comparison across similar businesses regarding total capitalization, and

ROIC highlights the level of value creation as a percentage of capital invested.

Glossary: ROIC Continued

USD Millions

25

See reconciliation of adjusted amounts below on table following ROIC table. Amounts are as of and for the three months ended for the

periods referenced in the table below.

Provision for (benefit from) income taxes $ 5.0 $ 5.6 $ 30.8 $ 33.0

Divided by: Income (loss) before income taxes (69.4) 20.3 76.9 119.3

Effective tax rate (7.2%) 27.6% 40.1% 27.7%

Income (loss) from operations as adjusted $ (43.4) $ 53.1 $ 109.4 $ 147.2

Multiplied by: 1 minus Effective tax rate 107.2% 72.4% 59.9% 72.3%

Adjusted net operating income (loss) after tax $ (46.5) $ 38.4 $ 65.5 $ 106.4

Debt (as defined above) $ 1,830.9 $ 1,810.1 $ 1,875.5 $ 1,883.5 $ 1,849.2

Less: Cash and cash equivalents (323.6) (466.5) (301.1) (332.7) (351.3)

Debt less Cash and cash equivalents $ 1,507.3 $ 1,343.6 $ 1,574.4 $ 1,550.8 $ 1,497.9

Total Terex Corporation stockholders’ equity as adjusted $ 1,501.0 $ 1,528.0 $ 1,549.7 $ 1,630.8 $ 1,543.3

Debt less Cash and cash equivalents plus Total Terex Corporation

stockholders’ equity as adjusted$ 3,008.3 $ 2,871.6 $ 3,124.1 $ 3,181.6 $ 3,041.2

March 31, 2016 ROIC 5.4%

Adjusted net operating income (loss) after tax (last 4 quarters) $ 163.8

Average Debt less Cash and cash equivalents plus Total Terex

Corporation stockholders’ equity as adjusted (5 quarters)$ 3,045.4

Reconciliation of income (loss) from operations:

Income (loss) from operations as reported $ (41.7) $ 50.8 $ 111.9 $ 148.3

(Income) loss from operations for TFS (1.7) 2.3 (2.5) (1.1)

Income (loss) from operations as adjusted $ (43.4) $ 53.1 $ 109.4 $ 147.2

Reconciliation of Terex Corporation stockholders’ equity:

Terex Corporation stockholders’ equity as reported $ 1,855.1 $ 1,877.4 $ 1,889.9 $ 1,915.0 $ 1,747.8

TFS assets (354.1) (349.4) (340.2) (284.2) (204.5)

Terex Corporation stockholders’ equity as adjusted $ 1,501.0 $ 1,528.0 $ 1,549.7 $ 1,630.8 $ 1,543.3

Mar '16 Dec '15 Sep '15 Jun '15 Mar '15

Dec '15Mar '16 Jun '15Sep '15

Glossary: Working Capital

USD Millions

26

Working Capital is calculated using the Consolidated Balance Sheet amounts for Trade receivables (net of allowance)

plus Inventories less Trade accounts payable and customer advances. The Company views excessive working capital

as an inefficient use of resources, and seeks to minimize the level of investment without adversely impacting the

ongoing operations of the business. For the periods below, working capital was:

Trailing Three Month Annualized Net Sales is calculated using the net sales for the quarter multiplied by four.

First Quarter Net Sales $ 1,426.9 $ 1,495.6

x 4 x 4

Trailing Three Month Annualized Net Sales $ 5,707.6 $ 5,982.4

Three months ended

March 31,

2016 2015

Inventories $ 1,554.3 $ 1,445.7 $ 1,520.7

Trade Receivables 1,018.6 939.2 1,131.4

Less: Trade Accounts Payable (751.9) (737.7) (738.1)

Less: Customer Advances (162.5) (142.7) (224.6)

Total Working Capital $ 1,658.5 $ 1,504.5 $ 1,689.4

March 31,

2016

December 31,

2015

March 31,

2015

Q1 2016 Conference Call...Q1 Continuing Operations Results USD Millions, except Earnings per Share 6 Q1 2016 Q1 2016 Q1 2015 As Reported As Adjusted(1) Net Sales $1,426.9 $1,426.9

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