RBC Capital Markets

Global Industrials Conference

September 9, 2015

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; our ability to successfully integrate acquired businesses; our ability to access the capital markets to raise funds and provide liquidity; our business is sensitive to government spending; our business is highly competitive and is affected by our cost structure, pricing, product initiatives and other actions taken by competitors; impairment of the carrying value of goodwill and other indefinite-lived intangible assets; a material disruption to one of our significant facilities; 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; our ability to obtain parts and components from suppliers on a timely basis at competitive prices; 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 business is global and subject to changes in exchange rates between currencies, regional economic conditions and trade restrictions; our operations are subject to a number of potential risks that arise from operating a multinational corporation, including compliance with changing regulatory environments, the Foreign Corrupt Practices Act and other similar laws, and political instability; 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 second quarter 2015 earnings release on the Investor Relations section of our website www.terex.com for a description and/or reconciliation of these measures.

3

Solid Quarter… Challenging Environment

Q2 performance improved slightly from prior year:

• AWP and MP returned to double-digit operating margins, with 36% and 51%

sequential incremental margins respectively

• FX translation reduced reported sales by approximately 9%

• Convertible notes retired and TFS securitization facility in place

Full year outlook:

• AWP and MP expected to make year over year margin improvements in the

second half

• Pricing and mix trends impacting second half forecasts

• Accelerating improvement initiatives to help offset headwinds

• Moderating full year EPS outlook to $1.90 - $2.10

4

Net Sales and OP Bridge Q2-14 to Q2-15

USD Millions

1,500

1,600

1,700

1,800

1,900

2,000

2,100

2,200

2,055

1,829

(41) (43)

(40) (64)

(15) (23)

Q2 Net Sales

50

70

90

110

130

150

170

161 148

(10)

(7)(1)

(3)(1) 9

Q2 Operating Profit

Q2 Continuing Operations Results

5

USD Millions, except Earnings per Share

Q2 2015 Q2 2014

Net Sales $1,828.5 $2,055.1

% Change Q2 2014 (11.0%)

Gross Profit 384.2 423.8

Gross Margin 21.0% 20.6%

SG&A (235.9) (262.9)

% Net Sales (12.9%) (12.8%)

Income From Operations 148.3 160.9

Operating Margin 8.1% 7.8%

Other Income (Expense) (29.0) (32.5)

Effective Tax Rate 27.7% 31.2%

Earnings per Share $0.78 $0.76

EBITDA $183.0 $199.5

% Net Sales 10.0% 9.7%

Net Working Capital $1,805.9 $2,012.1

As a % of annualized sales 24.7% 24.5%

ROIC 9.9% 10.6%

Q2 Liquidity Bridge

6

USD Millions

Free Cash Flow

$76 million

TFS Net Cash

Impact

$73 million

200

400

600

800

1,000

840

99(129)(23)

(114)

41

146 (17) (33)8

818

North America Western Europe

Asia/ Oceania

Other

LATAM

Sales by Geography 2015 vs 2014

7

(8)%

(2)%

(16)%

(16)%

(16)%

Q2 FX-Adj.

Q2

Q2

Q2

Q2 (7)%

(1)%

FX-Adj.

FX-Adj.

FX-Adj.

FX-Adj.

3%

12%

5%

27%

12%

10%5%

46%

2015 Q2

Western Europe

Asia/ Oceania

Other

LATAM

North America

29%

11%

10%6%

44%

2014 Q2

349 304 637 571 517 342 451 799 603 382 936 500 374

68% 70%

177%

114%

87%

65%

97%

139%

85%65%

207%

100%

56%

0%

50%

100%

150%

200%

250%

0

200

400

600

800

1,000

Q2'12

Q3'12

Q4'12

Q1'13

Q2'13

Q3'13

Q4'13

Q1'14

Q2'14

Q3'14

Q4'14

Q1'15

Q2'15

Net Bookings Book-to-Bill Ratio

Aerial Work Platforms

8

• Solid backlog

• Year over year

margin

improvement

planned for

second half

• New products

gaining traction

• Pricing and

currency remain

a headwind

USD Millions

497

418 436

200

250

300

350

400

450

500

2013 2014 2015

Q2 Backlog (<12 mo.)

Construction

9

• Concrete mixer and dumper

businesses strengthen

• Backhoe loader business

remains soft

• Indian and

German

compact

business

weak

USD Millions

152

188

164

28

18

50

100

150

200

2013 2014 2015

Q2 Backlog (<12 mo.)

ASV

124

170

186 164 237 184 194 139 224 223 183 128 191 198 122

72%82%

130%

95%

93%

82%

127% 126%

89%69%

103%

149%

75%

0%

20%

40%

60%

80%

100%

120%

140%

160%

0

50

100

150

200

250

Q2

'12

Q3

'12

Q4

'12

Q1

'13

Q2

'13

Q3

'13

Q4

'13

Q1

'14

Q2

'14

Q3

'14

Q4

'14

Q1

'15

Q2

'15

Net Bookings Book-to-Bill Ratio

Cranes

10

• Consistent

performance in

Utilities

• Improving NA

Services business

• Geographic and

product mix

impacting margins

581 661

540

200

300

400

500

600

700

800

2013 2014 2015

Q2 Backlog (<12 mo.)

552 357 473 458 460 363 512 533 499 286 457 375 433

113%

70%

93%98%

89%

81%

108%

138%

100%69%

97% 98%

95%

0%

20%

40%

60%

80%

100%

120%

140%

160%

0

100

200

300

400

500

600

Q2'12

Q3'12

Q4'12

Q1'13

Q2'13

Q3'13

Q4'13

Q1'14

Q2'14

Q3'14

Q4'14

Q1'15

Q2'15

Net Bookings Book-to-Bill Ratio

USD Millions

*

*Adjusted for Q1 2015 Utilities acquisition

Material Handling & Port Solutions

11

• Solid bookings activity

• On-going cost base

reduction

• Strong second half

performance expected 728

663 590

132 202

41

100

200

300

400

500

600

700

800

900

1,000

2013 2014 2015

Q2 Backlog (<12 mo.)

Port

Automation860 865

631

631 396 374 496 393 510 375 398 418 303 354 309 395

144%

90% 90%

148%

107%

112%

71%

109%

98%

66% 70%

97%

109%

0%

20%

40%

60%

80%

100%

120%

140%

160%

0

100

200

300

400

500

600

700

Q2'12

Q3'12

Q4'12

Q1'13

Q2'13

Q3'13

Q4'13

Q1'14

Q2'14

Q3'14

Q4'14

Q1'15

Q2'15

Net Bookings Book-to-Bill Ratio

USD Millions

Materials Processing

12

• Acquisitions strengthen the MP

portfolio

• Stability in North America; continued

softness in Australia and Russia

• Year over year margin improvement in

second half expected

61 67 64

20

30

40

50

60

70

2013 2014 2015

Q2 Backlog (<12 mo.)

*Adjusted for Q2 2015 MP acquisition

USD Millions

170 131 155 168 151 139 159 163 174 144 153 171 135

90%

87%

103%110%

86%

94%

106% 109%

96%

93%98%

119%

81%

0%

20%

40%

60%

80%

100%

120%

140%

0

40

80

120

160

200

Q2'12

Q3'12

Q4'12

Q1'13

Q2'13

Q3'13

Q4'13

Q1'14

Q2'14

Q3'14

Q4'14

Q1'15

Q2'15

Net Bookings Book-to-Bill Ratio

*

13

Improvement Initiatives

Increasing focus on improvement initiatives in the face of market headwinds. Targeting $100M

of the $202M total program to impact 2015

Headwinds

• Volume

• Pricing

• Product &

geographic mix

• Manufacturing

inefficiencies

first half

-

20

40

60

80

100

2015

Supply Chain

Productivity /Headcount

Restructuring /Footprint

New Products /Markets

Design / ProductSimplification

1st Half

2nd Half

$100M

Targeted

$40M benefit

first half 2015

$60M benefit

planned second

half 2015

Category

Progress

USD Millions

Merger Summary

Structure and

Exchange

Ratio

Stock-for-stock merger of equals

Terex shareholders receive 0.80 Konecranes shares for each existing share

€1.4bn / $1.5bn share buyback plan intended to be executed within 24 months after closing

Ownership 60% by Terex shareholders; 40% by Konecranes shareholders

Governance

Konecranes Chairman to become Chairman

Terex CEO to become CEO

9 member Board (5 directors to be nominated by Terex and 4 to be nominated by Konecranes)

Name /

Listing /

Location(s)

Company name: Konecranes Terex

Expected dual listing: Nasdaq Helsinki and NYSE

Incorporation: Finland

Main offices: Hyvinkää (Finland), Westport (United States)

Operational &

Financial

Benefits

Adj. 2014 sales of €7.5bn / $10.0bn and adj. EBITDA of €636m / $845m (excl. synergies)

Accretive to both companies’ shareholders in first full year

At least €110m / $121m incremental EBIT from industrial and operational synergies, implemented within 3 years from closing; €110m / $121m implementation expenses

Additional €32m / $35m post-tax income benefit from financing, cash management and structure optimization, implemented within first year after closing

Conditions /

Timing

Terex and Konecranes shareholder votes

Regulatory authority approvals and other closing conditions described in the announcement release

Expected closing during the first half of 2016

USD:EUR exchange rate of 0.91 as at 7 August 2015. 2014 financials converted at average 2014 USD:EUR exchange rate of 0.75.

Konecranes reports under IFRS and Terex under U.S. GAAP – no adjustments have been made between IFRS and U.S GAAP

accounting standards.

Merger Summary

Terex Konecranes Konecranes Terex

The result is a stronger more competitive global lifting and material handling company

AWP 32%

Cranes 24%

MHPS 24%

MP 9% Construction

11%

Equipment &

Service

100% Business Mix

Service Intensity

Geographic Mix

Service

42%

Europe 38%

RoW 26%

Service

18%

Americas

36%

Europe 34%

RoW 28%

Americas

38%

Service

24%

Europe 36%

RoW 27%

Americas

37%

AWP 23%

Cranes 18% IL&PS

45%

Construction

8%

MP

6%

Based on 2014 financials; converted at average USD:EUR exchange rate of 0.75.

(1) “Industrial Lifting & Port Solutions” includes Terex MHPS and Konecranes.

(1)

Merger Summary

Run-Rate (After-Tax)

Corporate / Financial

SG&A

Operations

Overview of Synergies

Procurement

Supply chain optimization

Insourcing/ outsourcing

Freight and logistics efficiency

~30%

Operations Manufacturing footprint

Capacity utilization ~20%

SG&A

SG&A efficiencies

IT system consolidation

Engineering and R&D optimization

~20%

Corporate /

Financial

Corporate consolidation

Organizational/ structure optimization

Efficient capital structure

~30%

Cross-selling and

further corporate /

financial

synergies

Procurement

Expected run-rate

net income benefit

~ €109m / $119m

Incremental

Upside

Share of After-tax

Run-Rate

USD:EUR exchange rate of 0.91 as at 7 August 2015.

In Summary

17

• AWP and MP well positioned to carry momentum into the

second half

• Accelerating internal improvement initiatives to help offset

increased headwinds

• Challenging market dynamics led to revised full year outlook

• Expected full year EPS: $1.90 to $2.10

Questions?

18

APPENDIX

19

Backlog Trend

Backlog shown is less than 12 months

USD Millions

20

$ % $ %

Terex (306) (14%) (364) (17%)

MP (15) (19%) (3) (5%)

MHPS 35 6% (234) (27%)

Cranes (23) (4%) (121) (18%)

Constr. (40) (20%) (24) (13%)

AWP (263) (38%) 18 4%

Sequential

Change

Year on Year

Change

497

312 295

523 418

214

698 699

436

152

120 166

214

188

132

138 204

164

581

485501

673

661

552

539 563

540

860

827 805

879

865

751

575

596

631

61

52 61

75

67

55

51

79

64

Q2 2013 Q3 2013 Q4 2013 Q1 2014 Q2 2014 Q3 2014 Q4 2014 Q1 2015 Q2 2015

AWP Construction Cranes MHPS MP

2,001

2,199

1,704

2,141

1,796 1,828

2,364

2,151

1,835

$ % $ %

Terex (352) (15%) (153) (7%)

MP (16) (19%) 2 4%

MHPS 21 3% (151) (17%)

Cranes (27) (4%) (55) (8%)

Constr. (51) (22%) (6) (3%)

AWP (279) (37%) 57 13%

Sequential

Change

Year on Year

Change

497 312 295

523 418

214

698 754

475

152

120 166

214

188

132

138 233

182

581

485 501

673

661

552

539

633

606

860

827 805

879

865

751

575

693

714

61

52 61

75

67

55

51

85

69

Q2 2013 Q3 2013 Q4 2013 Q1 2014 Q2 2014 Q3 2014 Q4 2014 Q1 2015 Q2 2015

AWP Construction Cranes MHPS MP

2,001

2,199

1,704

2,398

1,796 1,828

2,364

2,1512,046

Backlog Trend – Currency Neutral

- Currency Neutral

USD Millions

21 Backlog shown is less than 12 months