November 11, 2014

Robert W. Baird Industrial Conference

Forward-Looking Statements & Non-GAAP Measures

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; 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 ability to timely manufacture and deliver products to customers; 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; impairment in the carrying value of goodwill and other indefinite-

lived intangible assets; 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, 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, patent claims, class action lawsuits and other liabilities; our

ability to comply with an injunction and related obligations resulting from the settlement of an investigation by the United States Securities

and Exchange Commission (“SEC”); our implementation of a global enterprise resource planning system and its performance; 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 third quarter 2014 earnings release on the Investor Relations section of our website www.terex.com for a description and/or reconciliation of these measures.

2

Defining Who We Are

Lifting & Material Handling Solutions Company

Focused on Operational Improvement

Leader in Product Categories

Geographically Diverse

Cash Generator

Profitable

3

4

Market Environment

• AWP: Market expected to remain strong – anticipate flat near term demand

• Construction: Mostly European dependent – outlook is flat to negative

• Cranes: Flat near term market – non-residential growth uncertain; Utilities and

Services expected to be positive

• MHPS: Flat MH business with service and parts positive. Port automation

deliveries to decline in 2015 - new business likely, timing hard to predict

• MP: Slower mining related products more than offsetting stronger aggregate

products but overall demand flat to positive

Market recovery difficult to predict

Terex to focus on controllable cost and growth initiatives

North America

Western Europe

Asia/ Oceania

Other

LATAM

Total Terex Sales by Geography %

Sales by Geography 2013 vs 2014

6%

3%

(26)% (30)%

31% 32%

17%

(39)% (22)%

5

(5)%

Q3

Q3

Q3

Q3

Q3 YTD

YTD YTD

YTD

YTD

Continuing Operations Results YTD

*Please see reconciliation to US GAAP on page 18

** Please see reconciliation to US GAAP on page 19 6

Liquidity Bridge Jun-14 to Sep-14

7

Liquidity in the quarter increased by $115 million

• Generated $92 million from operating activities, including $22 million from reduced

working capital

• Stock repurchase and dividend payment combined for $12 million use of cash

• Repaid debt of $51 million

• Expanded revolver capacity aided liquidity by $100 million

Net Sales Bridge 2013 to 2014

8

Net Sales grew $53 million in Q3 versus prior year, approximately $22 million

from favorable exchange rates

• AWP Q3 sales grew in all regions except South America where volumes were down 24%

• Excluding foreign exchange, Construction grew 8% in Q3 driven by strength in material

handling and US concrete mixers

• Cranes segment decline in the quarter driven by reductions in mobile cranes partially

offset by strength in Utilities

Third Quarter Year to Date

Operating Profit Bridge 2013 to 2014

9

Mixed Operating Profit results in the quarter

• AWP decline driven by under-absorption, product campaign, currency, and factory

start-up costs

• Construction improved on higher sales, productivity and cost base vigilance

• Cranes declined on lower sales volume

• MHPS continued to benefit from cost savings and restructuring activities

• MP declined on regional mix, under-absorption and increased engineering expense

Third Quarter Year to Date

Cash & Investments 345

Revolver Facility 600

Amount Outstanding -50

Issued Letters of Credit 0

Total Liquidity 895

Liquidity Profile

Maturity Profile

Cash of $345mm with leverage at 2.4x net debt/EBITDA

Coupon Maturity Rating Price Yield

Cash 345$

$600mm Revolver 50 0.1 2.15% Aug-19 Ba1 / BBB-

USD Term Loan B 228 0.4 3.50% Aug-21 Ba1 / BBB-

EUR Term Loan B 252 0.8 4.00% Aug-21 Ba1 / BBB-

Total Secured Debt 530$ 0.8

Senior Guaranteed Notes (Callable in '16) 300 1.3 6.50% Apr-20 B2 / BB 104.750$ 5.487%

Senior Guaranteed Notes (Callable in '16) 850 2.6 6.00% May-21 B2 / BB 103.500$ 5.363%

Convertible Notes 123 2.8 4.00% Jun-15 B3 / B+

Other Debt 49 2.9

Total Debt 1,852$ 2.9 x

Net Debt 1,507$ 2.4 x

Sep 30

2014

Amount

x2014 EBITDA

multiple*

* Based on LTM 9/30/14 EBITDA of $637mm.

$49 $123 $50

$300

$1330

2014 2015 2016 2017 2018 2019 2020 2021

$600

Terex Capital Structure

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No Material Near-Term Debt Maturities

Improvement Initiatives

• Improvement Initiatives include more than 50 specific projects addressing a range of

opportunities within and across Terex businesses

• Currently targeted OP opportunities totaling ~$200 million over the next few years

• Working capital improvement opportunity exceeds $300 million

• Increased cash generation supports continued debt reduction and share repurchase

• Additional 3 points of improvement in effective tax rate expected from on-going tax initiatives

11

Improvement Initiatives

12

• Working Capital improvement initiative underway to address unfavorable

AR vs AP relationship

DSO vs DPO

Favorable 10-day gap

Unfavorable 10-day gap

DSO = ($150M)

DPO = ($150M)

Total = ($300M)

Gap Cost

Summary

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• End markets remain difficult to predict – focused on

improvement initiatives that make the company stronger in any

environment

• Equipment commissioning in our MHPS segment will be key to

Q4 performance

• Full year EPS and Free Cash Flow estimated at or near the

lower end of our guidance

• Improvement initiatives targeting $200 million of operating

profit; $300-500 million debt reduction and share repurchase;

and 3 percentage point reduction in Effective Tax Rate

Questions?

October 30, 2014

Third Quarter 2014 Conference Call

14

Terex Book-to-Bill Trend (USD Millions)

15

Backlog Trend (USD Millions)

16

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Third Quarter Results

Free cash flow = net cash provided by (used in) operating activities less capital expenditures

Q3 Reported EPS of $0.51 and Adjusted EPS of $0.59 compared to prior

year EPS of $0.73

Performance in the quarter was in line with our revised guidance

• Overall sales growth of 3% versus prior year period, almost half from favorable

exchange rates

• AWP margin decline driven by under-absorption and product campaign ($17 million),

currency ($9 million), and factory start-up costs ($4 million)

• Cranes met its moderated expectations, as set out in September

• Improved performance in MHPS (excluding $10.7 million in restructuring charges)

and Construction was in line with expectations

• MP operating profit declined on regional mix, under-absorption and increased

engineering expense

Free cash flow of $71 million in the quarter

Full year EPS and Free Cash Flow estimated at or near the lower end of our

guidance

Continuing Operations Results Q3

* Please see reconciliation to US GAAP on page 17 1

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19

Q3 2014 Adjustments

20

YTD 2014 Adjustments

21

YTD 2013 Adjustments

22

Adjusted OP by Segment – Q3 2014

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Adjusted OP by Segment – 2014 YTD

24

Adjusted OP by Segment – 2013 YTD

Q3 2013 ROIC Calculation

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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.