Slide 1: Q2 2026 Earnings Conference Call
Q2 2026 Earnings Conference Call July 30, 2026
Slide 2: Forward Looking Statements
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 (the “Exchange Act”) and the Private Securities Litigation Reform Act of 1995)
Slide 3: Q2 2026 Financial Highlights
Q2 2026 Financial Highlights $2.2B $269M Sales Adj. EBITDA* 12.0% $1.37 Adj. EBITDA Margin* Adj. EPS* Raising Full Year EPS Outlook $4.70 to $5.10 *Presented as Adjusted (non-GAAP financial measure); Refer to the appendix for definitions and/or reconciliations 3
Slide 4: Q2 Financial Performance
Q2 Financial Performance USD Millions, except Earnings per Share Q2 2026 Q2 2025 Q2 2026 Net Sales Bridge Q2 2025 $1,487 Net Sales $ 2,238 $ 1,487 Legacy, Pro Forma, FX-Neutral Change 123 8.3% FX Impact 14 0.9% Cranes Divestiture (36) (2.4%) Adjusted EBITDA* 269 182 Specialty Vehicles (REV)1 650 Q2
Slide 5: ES Financial Highlights
ES Financial Highlights Sales Adjusted EBITDA* 2026 2025 2026 2025 Q2 456 430 80 86 +5.9% YoY 17.5% 20.0% +5.8% FX Neutral (250) bps • Q2 bookings +18.2% YoY, $955M backlog • Sales: Increased utilities product sales, partially offset by lower shipments of refuse collection vehicles (RCV) • Margins:
Slide 6: MP Financial Highlights
MP Financial Highlights Sales Adjusted EBITDA* 2026 20251 2026 20251 Q2 464 417 87 60 +11.1% YoY 18.8% 14.4% +9.7% FX Neutral +440 bps 1. Shown on a pro forma basis • Q2 bookings +18.4% YoY, Backlog $599M, backlog +63.2% YoY • Sales: Growth led by strong demand in Aggregates • Margin: Favorable pric
Slide 7: SV Financial Highlights
SV Financial Highlights Sales Adjusted EBITDA* 2026 20251 2026 20251 Q2 650 612 94 76 +6.2% YoY 14.5% 12.4% +210 bps 1. Shown on a pro forma basis • Q2 bookings: +8.6% YoY, Backlog $4.4B • Sales: Improved throughput in fire • Margin: Favorable mix, operational execution, price realization Figures in
Slide 8: Aerials Financial Highlights
Aerials Financial Highlights Sales Adjusted EBITDA* 2026 2025 2026 2025 Q2 673 607 38 55 +10.9% YoY 5.7% 9.1% +9.6% FX Neutral (340) bps • Q2 bookings: +71.1% YoY, Backlog $914M, +28.0% YoY • Sales: Strong demand related to mega-projects • Margin: Unfavorable tariff impact partially offset by higher
Slide 9: Segment Bookings
Segment Bookings Environmental Solutions* Materials Processing* Net Bookings Book-to-Bill Ratio Net Bookings Book-to-Bill Ratio 149% 127% 109% 95% 101% 102% 105% 107% 87% 93% 97% 90% 92% 78% 82% 85% 70% 58% $388 $298 $392 $384 $353 $389 $456 $347 $417 $317 $238 $353 $451 $396 $363 $465 $623 $469 Q2'
Slide 10: 2026 Updated Outlook
2026 Updated Outlook Segment Sales Outlook Sales Mix Consolidated Outlook4,5,6,7,8 Environmental Solutions Net Sales3 $7.9B - $8.2B LSD Adjusted EBITDA1 $960M - $1B Materials Processing LDD EPS1,2 $4.70 - $5.10 Specialty Vehicles Free Cash Flow1 $300M - $350M HSD 1. Presented as Adjusted / Non-GAAP
Slide 11: Appendix
Appendix TEREX. "
Slide 12: Backlog Trend
Backlog Trend 7,826 7,771 7,686 7,819 7,763 7,533 7,510 7,561 7,272 7,122 7,091 1,138 1,151 1,256 6,701 6,657 6,922 7,121 6,914 951 1,127 1,181 1,216 6,397 6,268 943 1,329 6,207 1,224 1,146 1,055 992 955 1,190 1,122 1,105 1,015 729 653 1,160 1,072 5,352 804 1,215 1,152 838 1,141 389 1,027 390 594 59
Slide 13: Q2 YoY Sales by Geography
Q2 YOY Sales by Geography North America Western Europe Asia-Pacific Rest of World Actual Legacy* Actual FX-Adj. Actual FX-Adj. Actual FX-Adj. 70% 11% (6%) (9%) 9% 6% (7%) (9%) *Legacy excludes REV 5% 3% 5% 7% 9% North America 15% Western Europe Q2 2026 Q2 2025 Asia / Pacific Rest of World 73% 83% 13
Slide 14: Glossary
Glossary 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 meas
Slide 15: GAAP to Non-GAAP Reconciliation: Q2 2026
GAAP to Non-GAAP Reconciliation: Q2 2026 Purchase Q2 2026 Q2 2026 Restructuring Price Adjusted (non- GAAP and Other Deal related Accounting Tax GAAP) Net Sales $2,238 — — — — $2,238 Gross Profit (Loss) 444 4 — (11) — 437 % of Sales 19.8% 19.5% SG&A (209) 3 12 2 — (192) Amortization of Purchased Inta
Slide 16: GAAP to Non-GAAP Reconciliation: Q2 2025
GAAP to Non-GAAP Reconciliation: Q2 2025 Purchase Q2 2025 Q2 2025 Restructuring Deal Price Equity Security Adjusted (non- GAAP and Other Related Accounting Related Tax GAAP) Net Sales $1,487 — — — — — $1,487 Gross Profit 308 7 — 3 — — 318 % of Sales 20.7% 21.4% SG&A (162) 5 3 — — — (154) Amortizatio
Slide 17: Segment Operating Profit and Adjusted Operating Profit
Segment Operating Profit and Adjusted Operating Profit: Q2 2026 and 2025 Three Months Ended June 30, 2026 2025 ES MP SV Aerials ES MP Aerials Operating Profit $ 55 $ 82 $ 73 $ 25 $ 61 $ 49 $ 46 Restructuring and Other — — — 7 — 9 3 Purchase Price Accounting 20 — 15 — 21 — — Adjusted Operating Profit
Slide 18: Free Cash Flow
Free Cash Flow The Company calculates a non-GAAP measure of free cash flow that is defined as Net cash provided by operating activities less Capital expenditures, net of proceeds from sale of capital assets. The Company believes this measure provides management and investors further useful informati
Slide 19: EBITDA
EBITDA EBITDA is defined as earnings, before interest, other non-operating income (loss), income (loss) attributable to non-controlling interest, taxes, depreciation and amortization. The Company calculates this by subtracting the following items from Net income (loss): (Gain) loss on disposition of
Slide 20: EBITDA and Adjusted EBITDA: Q2 2026
EBITDA and Adjusted EBITDA: Q2 2026 Three Months Ended June 30, 2026 Corporate and ES MP SV Aerials Total Other / Elims Net income (loss)1 $ 55 $ 79 $ 69 $ 25 $ (118) $ 110 Provision for (benefit from) income taxes — — — — 29 29 Interest income — — — — (5) (5) Interest expense — 3 4 — 43 50 Other (e
Slide 21: EBITDA and Adjusted EBITDA: Q2 2025
EBITDA and Adjusted EBITDA: Q2 2025 Three Months Ended June 30, 2025 Corporate and ES MP2 Aerials Total Other / Elims Net income (loss)1 $ 61 $ 46 $ 45 $ (80) $ 72 Provision for (benefit from) income taxes — — — 17 17 Interest income — — — (2) (2) Interest expense — 3 — 41 44 Other (expense) income