Slide 1: Q1 2026 Earnings Conference Call
Q1 2026 Earnings Conference Call May 1, 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: Q1 2026 Financial Highlights
Q1 2026 Financial Highlights $1.7B $173M Sales Adj. EBITDA* 9.9% $0.98 Adj. EBITDA Margin* Adj. EPS* Reiterating Full Year EPS Outlook $4.50 to $5.00 *Presented as Adjusted (non-GAAP financial measure). Refer to the appendix for definitions and/or reconciliations. 3
Slide 4: Integration and Strategy Execution
Integration and Strategy Execution REV integration on track $28M synergies included in 2026 Outlook Aerials strategic review progressing as planned Source: Management estimates. 1. Cash costs to achieve are one-time and expected to be ~1x run-rate synergies. 2. 95% of the $75M in run-rate synergies
Slide 5: Terex End Market Mix Significantly Changed in Past Two Years
Terex End Market Mix Significantly Changed in Past Two Years 1. Represents share of 2025 proforma sales. 2. Sep 2025 Kaiser Research and Analysis Report for Specialty Vehicles 2025-2030. 3. U.S. Bureau of Economic Analysis, Personal Current Tax Receipts: State and Local Government: Property Taxes 4.
Slide 6: Q1 Financial Performance
Q1 Financial Performance Q1 2026 Net Sales Bridge USD Millions, except Earnings per Share Q1 2026 Q1 2025 Q1 2025 $1,229 53 4.3% Net Sales $ 1,734 $ 1,229 Legacy, Pro Forma, FX-Neutral Change FX Impact 44 3.6% Cranes Divestiture (28) (2.3%) EBITDA* 173 128 436 Specialty Vehicles (REV)1 Q1 2026 $1,73
Slide 7: ES Financial Highlights
ES Financial Highlights Sales EBITDA* 2026 2025 2026 2025 Q1 412 399 74 81 +3.3% YoY 18.0% 20.3% +2.8% FX Neutral (230) bps • Sales growth driven by Terex Utilities • Margin impacted by unfavorable mix partially offset by higher synergy realization • Healthy backlog of $992 million Figures in USD Mi
Slide 8: MP Financial Highlights
MP Financial Highlights Sales EBITDA* 2026 20251 2026 20251 Q1 419 354 63 42 +18.3% YoY 15.0% 11.9% +12.0% FX Neutral +310 bps 1 Shown on a pro forma basis • Robust YOY Sales growth led by Aggregates and Material Handling • Strong EBITDA margin expansion of 310 bps, or 32% incremental margin on pric
Slide 9: SV Financial Highlights
SV Financial Highlights Sales EBITDA* 2026 20251 2026 20251 Q1 436 364 62 46 +20% YoY 14.2% 12.6% +160 bps 1 Shown on a pro forma basis • 20% proforma sales growth including growth in all product lines • 160 bps EBITDA margin expansion on higher throughput, pricing and operational improvements • $4.
Slide 10: Aerials Financial Highlights
Aerials Financial Highlights Sales EBITDA* 2026 2025 2026 2025 Q1 469 450 — 20 +4.2% YoY 0.1% 4.4% Flat on a FX Neutral basis (430) bps • Strong bookings continued, growing backlog to $1.1B • Sales growth driven by favorable FX rates • Margin impacted by tariffs, unfavorable mix and timing of price
Slide 11: Segment Bookings
Segment Bookings Environmental Solutions* Materials Processing* Net Bookings Book-to-Bill Ratio Net Bookings Book-to-Bill Ratio 149% 127% 109% 105% 107% 95% 93% 102% 97% 84% 87% 89% 82% 90% 85% 70% 78% 58% $321 $388 $298 $392 $384 $353 $389 $456 $347 $410 $317 $238 $353 $451 $396 $363 $465 $623 Q1'2
Slide 12: 2026 Outlook
2026 Outlook Segment Sales Outlook Sales Mix Terex Outlook4,5,6,7,8 Environmental Solutions Net Sales3 $7.5B - $8.1B MSD EBITDA1 $930M - $1B Materials Processing HSD EPS1,2 $4.50 - $5.00 Specialty Vehicles FCF Conversion9 80% - 90% HSD 1 Presented as Adjusted. Refer to the appendix for definitions a
Slide 13: Positioned to Deliver Long-Term Value
Positioned to Deliver Long-Term Value Highly synergistic portfolio of market leading businesses Resilient, predictable growing end markets Lower capital intensity and higher cash generation to accelerate shareholder value 13
Slide 14: Appendix
Appendix TEREX. 14
Slide 15: 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 7,121 951 1,127 1,181 1,216 6,397 6,268 943 1,329 6,207 1,224 1,146 1,055 992 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 1,027 390 594 516 291 367
Slide 16: Q1 YOY Sales by Geography
Q1 YOY Sales by Geography North America Western Europe Asia-Pacific Rest of World Actual Legacy* Actual FX-Adj. Actual FX-Adj. Actual FX-Adj. 51% 2% 20% 7% 14% 8% 6% (3%) *Legacy excludes REV 4% 6% 7% 8% North America 11% 13% Western Europe Q1 2026 Q1 2025 Asia / Pacific Rest of World 73% 78% 16
Slide 17: 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 18: GAAP to Non-GAAP Reconciliation: Q1 2026
GAAP to Non-GAAP Reconciliation: Q1 2026 Purchase Q1 2026 Q1 2026 Restructuring Price Adjusted (non- GAAP and Other Deal related Accounting Divestitures Tax GAAP) Net Sales $1,734 — — — — — $1,734 Gross Profit 206 1 — 118 — — 325 % of Sales 11.9% 18.8% SG&A (241) — 68 1 (3) — (175) Amortization of P
Slide 19: GAAP to Non-GAAP Reconciliation: Q1 2025
GAAP to Non-GAAP Reconciliation: Q1 2025 Purchase Q1 2025 Q1 2025 Restructuring Deal Price Litigation Mark-to- Adjusted GAAP and Other1 Related Accounting Related Market (non-GAAP) Net Sales $1,229 — — — — — $1,229 Gross Profit 247 2 — 4 — — 253 % of Sales 20.1% 20.5% SG&A (161) 4 5 — 10 — (142) Amo
Slide 20: Segment Operating Profit and Adjusted Operating Profit: Q1 2026 and 2025
Segment Operating Profit and Adjusted Operating Profit: Q1 2026 and 2025 Three Months Ended March 31, 2026 2025 ES MP SV Aerials ES MP Aerials Operating Profit $ 49 $ 63 $ (88) $ (7) $ 56 $ 36 $ 2 Restructuring and Other 1 — — — — 2 2 Purchase Price Accounting 20 — 144 — 21 — — Litigation Related —
Slide 21: 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 (used in) operating activities less Capital expenditures, net of proceeds from sale of capital assets. The Company believes this measure provides management and investors further useful
Slide 22: 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 23: EBITDA and Adjusted EBITDA
EBITDA and Adjusted EBITDA Three Months Ended March 31, 2026 2025 Net (loss) income $ (89) $ 21 (Gain) loss on disposition of discontinued operations - net of tax (4) — Income (loss) from continuing operations (93) 21 Interest & Other (Income) Expense 44 43 Provision for (benefit from) income taxes
Slide 24: Segment EBITDA and Adjusted EBITDA: Q1 2026 and 2025
Segment EBITDA and Adjusted EBITDA: Q1 2026 and 2025 USD Millions Three Months Ended March 31, 2026 2025 ES MP SV Aerials ES MP2 Aerials Net income (loss)1 $ 49 $ 60 $ (91) $ (8) $ 56 $ 33 $ 2 Interest expense — 3 3 — — 3 — Other (expense) income - net — — — 1 — — — Operating (loss) profit $ 49 $ 63