Q3 2026 Terex Corporation Earnings Presentation

T H I RD Q U A RT ER F I SC A L 2 0 2 6 RESU LT S

Terex Corporation | NYSE: TEX

BOOKINGS

+53%

year over year

Q 3 2026 VS. Q 3 2025

Net sales

Adjusted EBITDA*

Adjusted Diluted EPS*

$1.50

▲ 58.4%

BACKLOG 1

$7.0B

at quarter end

▲ 53.8%

CONSOLIDATED BOOK TO BILL

103%

for the quarter

FULL- YEAR 2026 GUIDANCE REFINED

Net Sales $8.0B - $8.2B | Adjusted EBITDA* $930M - $960M | Adjusted Diluted EPS* $4.80 - $5.00

1 Backlog includes deliveries beyond 12 months;

*Presented as Adjusted (non-GAAP financial measure); 3

Refer to the appendix for definitions and/or reconciliations.

INFRASTRUCTURE, POWER & DATA CENTERS

Supporting Utilities, Materials Processing and Aerials demand

MUNICIPAL REPLACEMENT DEMAND

Durable fire and emergency equipment demand; aging fleets support longterm replacement

REFUSE COLLECTION VEHICLES

Order activity is recovering, although shipment improvement remains gradual

CONSTRUCTION MARKETS

Commercial and residential activity remains below historical levels but has generally stabilized; Europe remains mixed

SALES GROWTH BY REGION, FX ADJUSTED

North America1 ▲ 16%

Asia-Pacific ▲ 4%

Western Europe ▼ (3%)

Rest of World ▲ 1%

1 North America reflects legacy Terex, excluding Specialty Vehicles; FX-adjusted

INTEGRATION & PROCUREMENT OPERATING DISCIPLINE CAPACITY EXPANSION BRAND STRENGTH

• Foundational integration complete

• Optimized Procurement to leverage scale and simplify sourcing

• Focus on value capture and committed synergies

• Deploy proven Terex practices and digital manufacturing tools

• Standardize routines to improve throughput, productivity and quality

• MP and SV growth and margin expansion

• Ramp Utilities capacity to support growth

• Improve production flow, throughput and cost absorption

• Expand SV capacity to shorten lead times

• Decades of customer relationships, innovation and application expertise

• Large installed bases support repeat purchases

• Aftermarket growth and longterm brand relevance

Integration savings, operating improvements and strong brands support higher earnings and cash flow.

NET SALES ADJUSTED EBITDA* ADJUSTED DILUTED EPS*

$1,387M

$2,197M

2025 2026

$286M

$186M

2025 2026

$1.50 $1.50

2025 2026

FREE CASH FLOW*

$209M

+60.8% vs. $130M; $241M cash from operations less

$32M capital expenditures, net of proceeds from sale of capital assets

RETURN OF CASH TO SHAREHOLDERS

$19M $72M

Regular quarterly cash dividend Shares repurchased

NET DEBT

$2.17B

Includes $407M cash on hand; 2.3x net leverage1

*Presented as Adjusted (non-GAAP financial measure);

Refer to the appendix for definitions and/or reconciliations. 6

1 Net leverage is defined as net debt divided by trailing twelve-month pro forma adjusted EBITDA

SALES ADJUSTED EBITDA*

$435

$400

$83

$61

(8.0)% YoY

2025 2026

(26.5)% YoY

2025 2026

(8.0)% FX neutral 15.3% vs. 19.2% margin

SALES DRIVERS:

+ Higher utilities product sales

− Lower refuse collection vehicle (RCV) shipments

MARGIN DRIVERS:

− Unfavorable mix

− Utilities ramp-up inefficiencies

Figures in USD Millions;

SALES1 ADJUSTED EBITDA* 1

$390

$55

$434

$84

+ Increased shipments across most product categories

+ High North America utilization & demand from Aggregates

+ Higher production and shipment volume

+ Favorable mix

+ Price cost discipline

+ Improved absorption

Figures in USD Millions;

12025 shown on a pro forma basis;

$608

$657

SALES1 ADJUSTED EBITDA* 1

$105

$79

+ Higher sales of fire apparatus and recreational vehicles

+ Operating efficiencies

+ Price cost discipline

− Inflationary pressures Figures in USD Millions;

12025 shown on a pro forma basis;

SALES ADJUSTED EBITDA*

$537

$709

$56

$62

+ Strong demand from national accounts

+ Large projects driving capex spending

+ Cost out actions

+ Higher sales volume

− Unfavorable customer mix

− Inflationary and tariff pressures Figures in USD Millions;

Net Bookings Book-to-bill

Net Bookings Book-to-bill

105%

97%

107%

112%

78%

82%

90%

85%

92%

58%

87%

127%

95% 93% 109%

149%

101% 118%

Net Bookings Book-to-bill

91%

79%

41%

51%

14%

132%

144%

210%

153%

Net Bookings Book-to-bill

88%

84%

81%

90%

107% 117% 113%

116%

101%

$83

Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Q3'26

Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 Q3'26

Figures in USD Millions;

*Shown on a pro forma basis to present past performance as if the ESG acquisition (ES), Cranes divestiture (MP) and REV 11

merger (SV) had occurred at an earlier date to illustrate comparable performance

CONSOLIDATED OUTLOOK 3 , 4 - REFINED VS. PRIOR GUIDANCE

Diluted Share count ~110M full year, ~113M Q4

Interest / other expense

~$180M

Tax rate ~19%

D&A ~$95M5

Capital expenditures

~$145M

LDD = up low double-digits; HSD = up high single-digits

1Presented as Adjusted / Non-GAAP measure. Refer to the appendix for definitions

2Legacy sales expected to increase by ~10% vs. 2025 excl. tower and rough terrain cranes divestiture

3Outlook assumes that tariffs broadly remain at current rates

4Includes Rev Group businesses for the period February 2 - December 31 12

5Excludes purchase price amortization and non-cash interest costs

SU P P LEM EN T A L I N F O RM A T I O N

Supporting Detail & Reconciliations

Q3 net sales bridge and diluted EPS call-outs

Q 3 2026 NET SALES BRIDGE ($M) Q 3 2026 DILUTED EPS WALK ($)

+657 2,197

+0.15 1.50

+182

(2)

(27)

1,387

+0.40

1.00

+0.05

(0.10)

*Presented as Adjusted (non-GAAP financial measure);

Refer to the appendix for definitions and/or reconciliations; 14

7,272

7,533 7,510 7,826 7,771 7,686 7,561

7,122

7,091

7,121

5,352

730

6,268

804

982

943

1,215

951

1,190

1,127

1,152

1,138

1,122

1,151

1,105

1,181

1,015

1,329

838

1,224

516

6,397

1,141

344

6,701

1,160

291

1,146

389

6,657

1,072

367

6,207

1,027

341

6,922

1,055

390

992

594

1,001

2,200

2,645

2,818

3,185

3,271

3,431

3,279

3,586

3,798

3,996

4,228

4,266

4,330

4,439

4,546

4,504

4,442

4,571

4,479

4,446

4,479

1,421

1,837

2,296

2,207

1,960

2,135

2,236

1,904

1,596

1,838

1,666

1,116

582

811

1,010

714

397

906

1,056

914

852

Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Dec-25 Mar-26 Jun-26 Sep-26

ES* MP* SV* Aerials

Figures in USD Millions; Backlog includes deliveries beyond 12 months which reflects continuing operations; 15

*Legacy excludes REV

5%

9%

Q3 2025

72%

9%

Q3 2026

82%

6% 3%

14%

North America Western Europe Asia / Pacific Rest of World

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 three month period ended September 30, 2026, unless otherwise indicated.

2026 Outlook

Terex's 2026 outlook for Adjusted EBITDA, adjusted diluted earnings per share, and free cash flow are non-GAAP financial measures because they exclude the impact of potential future acquisitions, divestitures, restructuring, tariffs, trade policies and other unusual items. The Company is not able to reconcile these forward-looking non-GAAP financial measures to their most directly comparable forward-looking GAAP financial measures without unreasonable efforts because the Company is unable to predict with a reasonable degree of certainty the exact timing and impact of such items. The unavailable information could have a significant impact on the Company's full-year 2026 GAAP financial results. This forward looking information provides guidance to investors about the Company's 2026 Outlook excluding unusual items that the Company does not believe is reflective of its ongoing operations.

Purchase Q3 2026

Q3 2025 GAAP

Restructuring and Other

Deal Related

Purchase Price Accounting

Equity Security

Related Tax

Q3 2025

Adjusted (non-GAAP)

Three Months Ended September 30,

2026 2025

ES MP1 SV1 Aerials ES MP Aerials

Figures in USD Millions

1. Column does not foot due to rounding. 20