Terex (TEX) Maintains 2022 Outlook, Outlines Long-Term Growth Strategy

Terex Corporation (NYSE: TEX) will host an Investor Day today at the New York Stock Exchange, starting at 10:00 AM ET. At the event, senior management will provide an update on the business, including the results of its transformation and outline its profitable growth strategy.

"I am proud of our team for executing our strategy and solidifying our position as a global industry leader," said Terex Chairman and Chief Executive Officer John L. Garrison, Jr. "Our continued commitment to operational excellence, as well as investments in new technologies and innovative solutions, has driven consistent profitability and superior returns through the economic cycle. I am incredibly excited about the next chapter of growth for Terex as we are well-positioned to capitalize on our transformed portfolio and benefit from durable megatrends, delivering value for our customers and shareholders."

Event OverviewDuring today's event, members of Terex's leadership team will outline the drivers underlying its transformation and multiple avenues for growth going forward, including:

• Capitalizing on Megatrends: Terex is a market leader in sizable and attractive markets and is well-positioned to benefit from megatrends that enhance the opportunity for growth as demand for its products and solutions continues to increase.

• Growing Materials Processing ("MP") Segment: MP has consistently delivered value, generating a 9% sales CAGR and 575 basis point operating profit improvement since 2016. MP has solidified its position in the market with five compelling verticals that sit at the forefront of robust demand trends in each end market. Terex is well-positioned to capitalize on these opportunities globally, which is expected to further add scale and drive profitability.

• Optimizing Genie Through the Cycle: Genie has significantly reduced costs in recent years to increase profitability through the cycle. Through value stream optimization, strategic cost out and footprint investment, Genie has also built clear line of sight for continuous margin expansion.

• Building on Utilities' Strong Foundation: Terex is in a strong position to support the modernization of the U.S. electrical grid. The Company is making investments in its manufacturing and service footprints as well as product innovation capabilities in order to capitalize on market opportunities and to drive margin improvement.

• Driving Materials Processing and Aerial Works Platform Growth Through Parts & Services Business: Terex's parts & services business extends across all operations, creating a predictable and profitable source of earnings. Moving forward, through enhancing customer service, digital capabilities and overall customer experience, Terex will continue to strengthen its long-term customer relationships that provide consistent, high-margin revenue.

Financial OutlookJulie Beck, Senior Vice President and Chief Financial Officer, said "Looking ahead, I am excited about our many avenues to drive sustainable, profitable organic growth. Through the transformation of our business, we have paved a clear path for long-term value creation, underpinned by our improved risk and return profile and our disciplined capital allocation strategy."

Full-Year 2022 OutlookTerex is reiterating its full-year 2022 outlook that was provided in conjunction with third quarter 2022 results.

2027 Targets

Webcast InformationTerex's Investor Day will be available via webcast here starting at 10:00 AM ET and concluding at approximately 1:00 PM ET. The webcast and presentation materials can be accessed through Terex's Investor Relations website at https://investors.terex.com. A replay of the event will be available following the conclusion of the broadcast.

Terex All-Electric Utility Bucket Truck Displayed at New York Stock ExchangeTerex is pleased to share that Consolidated Edison, Inc. ("Con Edison") will be displaying its Terex all-electric bucket truck in front of the New York Stock Exchange in Experience Square on December 13th from 1:00 to 3:00 PM ET. Terex launched the industry-first all-electric bucket truck used for maintenance of overhead electric utility lines earlier this year. Terex appreciates Con Edison's partnership in displaying the truck during the event.

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