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J.P. Morgan Global High Yield and
Leveraged Finance Conference

February 3, 2009
Forward Looking Statements &
 Non-GAAP Measures
The following presentation contains forward-looking information based on the current expectations of Terex
Corporation. 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 highly cyclical and weak general economic conditions may affect the sales of its products and its
financial results; our business is sensitive to fluctuations in interest rates and government spending; the ability to
successfully integrate acquired businesses; the retention of key management personnel; our businesses are very
competitive and may be affected by pricing, product initiatives and other actions taken by competitors; the effects of
changes in laws and regulations; our business is international in nature and is subject to changes in exchange rates
between currencies, as well as international politics; our continued access to capital and ability to obtain parts and
components from suppliers on a timely basis at competitive prices; the financial condition of suppliers and
customers, and their continued access to capital; our ability to timely manufacture and deliver products to
customers; possible work stoppages and other labor matters; our debt outstanding and the need to comply with
restrictive covenants contained in our debt agreements; our ability to maintain adequate disclosure controls and
procedures, maintain adequate internal controls over financial reporting and file its periodic reports with the SEC on
a timely basis; the previously announced investigations by the SEC and the Department of Justice; compliance with
applicable environmental laws and regulations; product liability claims and other liabilities arising out of our
business; and other factors, risks, uncertainties more specifically set forth in our public filings with the SEC. Actual
events or the actual future results of Terex may differ materially from any forward looking statement due to those
and other risks, uncertainties and significant factors. The forward-looking statements speak only as of the date of
this presentation. Terex expressly disclaims any obligation or undertaking to release publicly any updates or
revisions to any forward-looking statement included in this presentation to reflect any changes in expectations with
regard thereto or any changes in events, conditions, or circumstances on which any such statement is based.
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 Investors section of our website www.terex.com for a complete reconciliation.
                                                                                                                           2
Terex Is…

          •   A diversified portfolio of equipment businesses
          •   Positioned for continuing long - term trends
          •   A leader in our industry
          •   Leveraging the Power of One Company

   AERIAL WORK                                 MATERIALS PROC.
                             CRANES
    PLATFORMS                                    AND MINING




                                  ROADBUILDING AND
              CONSTRUCTION
                                      UTILITIES




                                                                 3
Terex Is Diversified

         Diversified Portfolio of Equipment Businesses
                                                       2008 YTD Sales by Geography
 2008 LTM* Sales by Segment

              RBU
               7%
                                                          Developing
                            AWP
                                                           Markets
                            22%                                           W. Europe
Construction                                                 24%             32%
   20%
                                                       Japan / ANZ
                                                           9%
                           Cranes                                     USA /
       MP&M
                            27%                                      Canada
        24%
                                                                      35%

                                      $ 10.4 billion                            $ 7.8 billion
                                      $ 10.4 billion                            $ 7.8 billion


       Balanced by business; Balanced geographically
                                                                                                4
* Last Twelve Months sales through Sep 30, 2008
Positioned for Long Term Trends

                                     2009 GDP Forecasts: October 2008 versus Current Period




     %




                   2009 Global GDP outlook has worsened but remains
                    positive for developing markets
                                                                                              5
*Source: The Economist (economic intelligence unit)
Positioned For Long-Term Trends
               Global Non-Residential Construction                                                         Long Term Energy Outlook
$Billions
                  Spending (Real Dollars 2008)
$8,000

$7,000

                                                                            5.6%
$6,000
                                                                            CAGR
                                                               3.4 %
$5,000                                                         CAGR
                                                   5.6 %
$4,000                                             CAGR
                          2.2 %
                          CAGR
$3,000

$2,000

$1,000

    $0
         '90'91'92'93'94'95'96'97'98'99'00'01'02'03'04'05'06'07'08'09'10'11'12'13'14'15'16'17'18


               Infrastructure           Industrial          Other Non-Residential

  * Source: Global Insights, October 30, 2008; 69 countries tracked by GI + 5% to account          * Source: International Energy Agency
  for rest of world … consistent with global GDP’s




               • Global non-residential construction growth slowed but
                 continuing, driven by developing markets
               • Global infrastructure and energy outlook remains positive

                                                                                                                                           6
Terex Is A Leader In Our Industry
$31.8

                  $22.0



                                $10.4
                                                 $8.8            $8.7            $8.1
                                                                                                 $5.3           $4.8            $4.5            $4.5            $4.4            $3.6


                                                                                                                  Deere (8)    CNH Global (9)                                  Oshkosh (11)
                                                                                Liebherr (6)     Sandvik (7)                                      JCB (6)        Doosan (10)
                  Komatsu (2)     Terex (3)
Caterpillar (1)                                  Hitachi (4)     Volvo   (5)




 Based on last twelve months of available Construction Equipment Sales ($’s in Billions)
 (1) Represents Machinery sales for the last twelve months ended December 31, 2008; excludes Engine and Financial Product sales
 (2) Represents Komatsu’s Construction, Mining & Utility Equipment segment ended December 31, 2008 converted at an exchange rate of JPY/USD of 90.727
 (3) Last twelve months ended September 30, 2008
 (4) Represents the Construction Machinery segment ended September 30, 2008 converted at an exchange rate of USD/JPY 106.349
 (5) Represents Volvo’s Construction Equipment segment as of September 30, 2008 converted at an exchange rate of USD/SEK 6.9252
 (6) Estimated, as these are privately owned companies:
     JCB: 2007 sales of GBP 2.25 billion converted at December 31, 2007 GBP/USD rate of 1.9870
     Liebherr: 2007 Cranes/Mining/Construction sales of EUR 5.5 billion converted at December 31, 2007 EUR/USD rate of 1.4598
 (7) Represents Mining & Construction sales through September 30, 2008 converted at an exchange rate of SEK/USD 6.9252
 (8) Represents Deere’s Construction and Forestry segment last twelve months ended October 31, 2008
 (9) Represents CNH Global’s Construction Equipment Segment last twelve months ended December 31, 2008
 (10) Represents 2007 Construction Equipment sales of $1.5 billion converted at an exchange rate at December 31, 2007 of KRW/USD 936.07 plus estimated 2007 bobcat sales of $2.9 billion
 (11) Represents Access & Commercial (both concrete & refuse trucks) for the last twelve months ended December 31, 2008


                                                                                                                                                                                       7
Leveraging The Power
Of One Company




                       • Our framework to
                         build a stronger
                         Terex

                       • Process
                         improvements for
                         long term benefits




                                              8
Near Term Outlook Challenging


• Sales trends for AWP / Utilities (down 30%-40%),
 Construction / Roadbuilding (down 25%-35%), and
 Materials Processing (down 15%-20%) continue to be
 impacted by current market conditions

• Mining and Cranes not immune to credit crisis but some
 stability at the high end

• Continued slowdown in smaller cranes, smaller RT’s and
 Towers

• Strong Dollar will have a negative translation impact

                                                           9
Aerial Work Platforms
 $B
$2.5                                                      30%

                                                          25%
$2.0
                                                                   Current Environment
                                                                    Current Environment
                                                          20%
$1.5
                                                                   •• Strong global market share position (top 2)
                                                                       Strong global market share position (top 2)
                                                          15%
$1.0
                                                                   •• N. America downturn and accelerated
                                                          10%
                                                                       N. America downturn and accelerated
$0.5
                                                                      downturn in W. Europe back half of 2008
                                                          5%
                                                                       downturn in W. Europe back half of 2008
$0.0                                                      0%
                                                                   •• Long-term growth expected in developing
                                                                       Long-term growth expected in developing
         2004       2005      2006    2007   Q3 '08
                                                                      markets
                                              (ltm)
                                                                       markets
                                                                   Terex Response
        Sales              Gross Margin         Op. Margin
                                                                    Terex Response
                                                                   •• Production and head-count reductions
 Sales by Product                         Sales by Geography
                                                                       Production and head-count reductions
                                                    10%
             8%
                                                                   •• Temporary factory shutdowns
                                                     4%
            11%
                                                                       Temporary factory shutdowns
                                                    28%
                                                                   •• Rescheduling/delaying of raw material
            21%
                                                                       Rescheduling/delaying of raw material
                                                                      deliveries
                                                                       deliveries
                                                                   •• Increased emphasis on refurbishment
                                                                       Increased emphasis on refurbishment
                                                    58%
            60%
                                                                   •• Continued TBS / /improvement initiatives
                                                                       Continued TBS improvement initiatives

                                               2008 Q3 YTD
       2008 Q3 YTD

                                              Developing Markets
        Portable & Other
                                              Japan / ANZ
        Telehandlers
                                              W. Europe
        Scissors
                                              USA / Canada
        Booms
                                                                                                                 10
Construction
  $B
                                                                            Current Environment
                                                                      30%
                                                                             Current Environment
$2.0
                                                                      25%
                                                                            •• Largest market potential but small market
                                                                                Largest market potential but small market
$1.5                                                                           position
                                                                      20%
                                                                                position
                                                                      15%
                                                                            •• N. America downturn and accelerated
$1.0
                                                                                N. America downturn and accelerated
                                                                               downturn in W. Europe back half of ’08
                                                                      10%
                                                                                downturn in W. Europe back half of ’08
$0.5
                                                                      5%
                                                                            •• Operational improvements - -TBS,
                                                                                Operational improvements TBS,
                                                                               distribution, developing markets ––expected
$0.0                                                                  0%
                                                                                distribution, developing markets expected
           2004            2005     2006    2007             Q3 '08
                                                                               to drive future profit growth
                                                                                to drive future profit growth
                                                              (ltm)
                                                                            Terex Response
                                                                             Terex Response
          Sales                   Gross Margin                 Op. Margin

                                                                            •• Production & head-count reductions
                                                                                Production & head-count reductions
Sales by Product                        Sales by Geography
                                                                            •• Strong Dollar creates opportunity in N.
                                                                                Strong Dollar creates opportunity in N.
                                                       24%
             17%
                                                                               America
                                                                                America
                                                        1%
             19%
                                                                            •• Temporary factory shutdowns
                                                                                Temporary factory shutdowns
             28%
                                                                            •• Rescheduling/delaying of raw material
                                                       58%
                                                                                Rescheduling/delaying of raw material
                                                                               deliveries
                                                                                deliveries
             36%
                                                                            •• Facility consolidations
                                                       17%
                                                                                Facility consolidations
                                                                            •• Continued TBS / /improvement initiatives
        2008 Q2 YTD                              2008 Q3 YTD
                                                                                Continued TBS improvement initiatives
       Trucks                                    Developing Markets
       Material Handling                         Japan / ANZ
       Heavy                                     W. Europe
                                                                                                                             11
       Compact
                                                 USA / Canada
Cranes
  $B
                                                             30%
$2.5
                                                                   Current Environment
                                                             25%    Current Environment
$2.0
                                                                   •• Strong global market position (top 3)
                                                             20%
                                                                       Strong global market position (top 3)
$1.5
                                                             15%   •• Infrastructure and energy projects
                                                                       Infrastructure and energy projects
$1.0
                                                                      driving strength of larger cranes
                                                             10%
                                                                       driving strength of larger cranes
                                                                      (crawlers, ATC’s, larger RT’s)
$0.5                                                         5%        (crawlers, ATC’s, larger RT’s)
                                                                   •• Tower crane and smaller capacity
$0.0                                                         0%
                                                                       Tower crane and smaller capacity
           2004       2005   2006   2007        Q3 '08
                                                                      cranes have been negatively impacted
                                                                       cranes have been negatively impacted
                                                 (ltm)
                                                                      by credit crisis
                                                                       by credit crisis
          Sales          Gross Margin               Op. Margin
                                                                   Terex Response
                                                                    Terex Response
                                                                   •• Production and head-count reductions
Sales by Product                Sales by Geography                     Production and head-count reductions
           3%

                                                                   •• Facility consolidation
           15%
                                                                       Facility consolidation
                                              27%

                                                                   •• Rescheduling/delaying of raw material
           20%                                6%
                                                                       Rescheduling/delaying of raw material
                                                                      deliveries
           15%
                                                                       deliveries
                                              40%

                                                                   •• Continued TBS / /improvement initiatives
                                                                       Continued TBS improvement initiatives
           47%
                                              27%


                                        2008 Q3 YTD
       2008 Q2 YTD

       Stackers                         Developing Markets
       Towers                           Japan / ANZ
       Crawlers
                                        W. Europe
       Other Mobile
                                        USA / Canada
       ATC / RT                                                                                                  12
Materials Processing & Mining
 $B
                                                                      Materials Processing
                                                                      Materials Processing
$2.5                                                            30%
                                                                      Current Environment
                                                                        Current Environment
                                                                25%
$2.0
                                                                      • • Leading global market position in mobile products
                                                                           Leading global market position in mobile products
                                                                20%
$1.5                                                                  • • Accelerated global downturn in back half of 2008
                                                                           Accelerated global downturn in back half of 2008
                                                                15%
                                                                      • • Long-term growth expected in developing markets
$1.0
                                                                           Long-term growth expected in developing markets
                                                                10%
                                                                      Terex Response
                                                                        Terex Response
$0.5                                                            5%
                                                                      • • Production and head-count reductions
                                                                           Production and head-count reductions
$0.0                                                            0%
                                                                      • • Temporary factory shutdowns
          2004           2005   2006   2007      Q3 '08                    Temporary factory shutdowns
                                                  (ltm)
                                                                      • • Rescheduling/delaying of raw material deliveries
                                                                           Rescheduling/delaying of raw material deliveries
                                                                      • • Continued TBS / /improvement initiatives
         Sales              Gross Margin               Op. Margin
                                                                           Continued TBS improvement initiatives
                                                                      Mining
                                                                      Mining
Sales by Product                   Sales by Geography
                                                                      • • Strong global market position (top 3)
                                                                           Strong global market position (top 3)
                                                 34%
                                                                      • • Significant commodities volatility
          47%
                                                                           Significant commodities volatility
                                                                      • • Some rescheduling / /cancellations of order backlog
                                                 23%
                                                                           Some rescheduling cancellations of order backlog
         13%
                                                                      Terex Response
                                                                        Terex Response
                                                 17%
          13%
                                                                      • • Reconfirming backlog and delivery schedules
                                                                           Reconfirming backlog and delivery schedules
          27%                                    26%
                                                                      • • More stringent production scheduling
                                                                           More stringent production scheduling
                                                                      • • Increased emphasis on customer support for installed
      2008 Q2 YTD                           2008 Q3 YTD
                                                                           Increased emphasis on customer support for installed
                                                                          base (parts & service)
                                                                           base (parts & service)
                                           Developing Markets
  Materials Processing
                                           Japan / ANZ
  Drills/ Other
                                                                      • • Continued TBS / /improvement initiatives
                                                                           Continued TBS improvement initiatives
                                           W. Europe
  Trucks
                                           USA / Canada
  Shovels                                                                                                                         13
Terex Response To Environment

• Focus on customers
   • Developing markets distribution development, large infrastructure
       projects, localized service and support
   • Increased utilization of Terex Financial Services
   • Customer support / refurbishment / parts and service
• Internal cash generation
   •   Discipline on terms and conditions
   •   Raw material demand planning and scheduling vigilance
   •   Capital spending scrutiny
   •   Discretionary spending – wage freeze, benefit reductions, travel
       curtailment and reduced trade show activity …
• Internal improvement initiatives continue

                                                                          14
Terex To Date:
Growth With Moderate Leverage
                                                                                                         $10.4
              Net Debt
              Sales                                                                            $9.1



                                                                                  $7.6
        ($ in billions)
                                                                         $6.2


                                                              $4.8

                                                   $3.9

                                        $2.8

                 $2.0
      $1.9                  $1.8




      1999       2000       2001       2002       2003       2004       2005       2006        2007    Q3 2008*



      Net leverage of 1.0x at Q3 2008 provides flexibility
      • Q3 2008 sales is based on last 12 months sales as of Sept 30, 2008; Net Debt is as of Sept 30, 2008
      • Net leverage ratio is defined as debt less cash and cash equivalents divided by last twelve months EBITDA
                                                                                                                    15
Terex Debt Profile

Major components of debt include:
       • $700 million Revolver - July 2012
       • $196 million Term Loan* - July 2013
       • $300 million 7 3/8% Notes - January 2014
       • $800 million 8.00% Notes - November 2017

Liquidity of $881 million at September 30, 2008, including:
    • Cash of $488 million
    • Revolver availability of $393 million
    • Working capital reductions


                                 No near-term debt maturities
                                      Adequate liquidity

  * Term Loan balance as of Sep 30, 2008
                                                                16
Summary


• Diversified portfolio – geographic and product
• Leadership position in over 75% of revenue base
• Positioned for long-term trends
• Aggressively responding to changing market conditions
• Internal initiatives will enhance operating performance
• No near term debt maturities, adequate liquidity




                                                            17
Questions?




             18

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terex 818CD3A3-66E7-4B54-8F3A-347B1F8B4D68_JPMorgan020309

  • 1. J.P. Morgan Global High Yield and Leveraged Finance Conference February 3, 2009
  • 2. Forward Looking Statements & Non-GAAP Measures The following presentation contains forward-looking information based on the current expectations of Terex Corporation. 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 highly cyclical and weak general economic conditions may affect the sales of its products and its financial results; our business is sensitive to fluctuations in interest rates and government spending; the ability to successfully integrate acquired businesses; the retention of key management personnel; our businesses are very competitive and may be affected by pricing, product initiatives and other actions taken by competitors; the effects of changes in laws and regulations; our business is international in nature and is subject to changes in exchange rates between currencies, as well as international politics; our continued access to capital and ability to obtain parts and components from suppliers on a timely basis at competitive prices; the financial condition of suppliers and customers, and their continued access to capital; our ability to timely manufacture and deliver products to customers; possible work stoppages and other labor matters; our debt outstanding and the need to comply with restrictive covenants contained in our debt agreements; our ability to maintain adequate disclosure controls and procedures, maintain adequate internal controls over financial reporting and file its periodic reports with the SEC on a timely basis; the previously announced investigations by the SEC and the Department of Justice; compliance with applicable environmental laws and regulations; product liability claims and other liabilities arising out of our business; and other factors, risks, uncertainties more specifically set forth in our public filings with the SEC. Actual events or the actual future results of Terex may differ materially from any forward looking statement due to those and other risks, uncertainties and significant factors. The forward-looking statements speak only as of the date of this presentation. Terex expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statement included in this presentation to reflect any changes in expectations with regard thereto or any changes in events, conditions, or circumstances on which any such statement is based. 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 Investors section of our website www.terex.com for a complete reconciliation. 2
  • 3. Terex Is… • A diversified portfolio of equipment businesses • Positioned for continuing long - term trends • A leader in our industry • Leveraging the Power of One Company AERIAL WORK MATERIALS PROC. CRANES PLATFORMS AND MINING ROADBUILDING AND CONSTRUCTION UTILITIES 3
  • 4. Terex Is Diversified Diversified Portfolio of Equipment Businesses 2008 YTD Sales by Geography 2008 LTM* Sales by Segment RBU 7% Developing AWP Markets 22% W. Europe Construction 24% 32% 20% Japan / ANZ 9% Cranes USA / MP&M 27% Canada 24% 35% $ 10.4 billion $ 7.8 billion $ 10.4 billion $ 7.8 billion Balanced by business; Balanced geographically 4 * Last Twelve Months sales through Sep 30, 2008
  • 5. Positioned for Long Term Trends 2009 GDP Forecasts: October 2008 versus Current Period % 2009 Global GDP outlook has worsened but remains positive for developing markets 5 *Source: The Economist (economic intelligence unit)
  • 6. Positioned For Long-Term Trends Global Non-Residential Construction Long Term Energy Outlook $Billions Spending (Real Dollars 2008) $8,000 $7,000 5.6% $6,000 CAGR 3.4 % $5,000 CAGR 5.6 % $4,000 CAGR 2.2 % CAGR $3,000 $2,000 $1,000 $0 '90'91'92'93'94'95'96'97'98'99'00'01'02'03'04'05'06'07'08'09'10'11'12'13'14'15'16'17'18 Infrastructure Industrial Other Non-Residential * Source: Global Insights, October 30, 2008; 69 countries tracked by GI + 5% to account * Source: International Energy Agency for rest of world … consistent with global GDP’s • Global non-residential construction growth slowed but continuing, driven by developing markets • Global infrastructure and energy outlook remains positive 6
  • 7. Terex Is A Leader In Our Industry $31.8 $22.0 $10.4 $8.8 $8.7 $8.1 $5.3 $4.8 $4.5 $4.5 $4.4 $3.6 Deere (8) CNH Global (9) Oshkosh (11) Liebherr (6) Sandvik (7) JCB (6) Doosan (10) Komatsu (2) Terex (3) Caterpillar (1) Hitachi (4) Volvo (5) Based on last twelve months of available Construction Equipment Sales ($’s in Billions) (1) Represents Machinery sales for the last twelve months ended December 31, 2008; excludes Engine and Financial Product sales (2) Represents Komatsu’s Construction, Mining & Utility Equipment segment ended December 31, 2008 converted at an exchange rate of JPY/USD of 90.727 (3) Last twelve months ended September 30, 2008 (4) Represents the Construction Machinery segment ended September 30, 2008 converted at an exchange rate of USD/JPY 106.349 (5) Represents Volvo’s Construction Equipment segment as of September 30, 2008 converted at an exchange rate of USD/SEK 6.9252 (6) Estimated, as these are privately owned companies: JCB: 2007 sales of GBP 2.25 billion converted at December 31, 2007 GBP/USD rate of 1.9870 Liebherr: 2007 Cranes/Mining/Construction sales of EUR 5.5 billion converted at December 31, 2007 EUR/USD rate of 1.4598 (7) Represents Mining & Construction sales through September 30, 2008 converted at an exchange rate of SEK/USD 6.9252 (8) Represents Deere’s Construction and Forestry segment last twelve months ended October 31, 2008 (9) Represents CNH Global’s Construction Equipment Segment last twelve months ended December 31, 2008 (10) Represents 2007 Construction Equipment sales of $1.5 billion converted at an exchange rate at December 31, 2007 of KRW/USD 936.07 plus estimated 2007 bobcat sales of $2.9 billion (11) Represents Access & Commercial (both concrete & refuse trucks) for the last twelve months ended December 31, 2008 7
  • 8. Leveraging The Power Of One Company • Our framework to build a stronger Terex • Process improvements for long term benefits 8
  • 9. Near Term Outlook Challenging • Sales trends for AWP / Utilities (down 30%-40%), Construction / Roadbuilding (down 25%-35%), and Materials Processing (down 15%-20%) continue to be impacted by current market conditions • Mining and Cranes not immune to credit crisis but some stability at the high end • Continued slowdown in smaller cranes, smaller RT’s and Towers • Strong Dollar will have a negative translation impact 9
  • 10. Aerial Work Platforms $B $2.5 30% 25% $2.0 Current Environment Current Environment 20% $1.5 •• Strong global market share position (top 2) Strong global market share position (top 2) 15% $1.0 •• N. America downturn and accelerated 10% N. America downturn and accelerated $0.5 downturn in W. Europe back half of 2008 5% downturn in W. Europe back half of 2008 $0.0 0% •• Long-term growth expected in developing Long-term growth expected in developing 2004 2005 2006 2007 Q3 '08 markets (ltm) markets Terex Response Sales Gross Margin Op. Margin Terex Response •• Production and head-count reductions Sales by Product Sales by Geography Production and head-count reductions 10% 8% •• Temporary factory shutdowns 4% 11% Temporary factory shutdowns 28% •• Rescheduling/delaying of raw material 21% Rescheduling/delaying of raw material deliveries deliveries •• Increased emphasis on refurbishment Increased emphasis on refurbishment 58% 60% •• Continued TBS / /improvement initiatives Continued TBS improvement initiatives 2008 Q3 YTD 2008 Q3 YTD Developing Markets Portable & Other Japan / ANZ Telehandlers W. Europe Scissors USA / Canada Booms 10
  • 11. Construction $B Current Environment 30% Current Environment $2.0 25% •• Largest market potential but small market Largest market potential but small market $1.5 position 20% position 15% •• N. America downturn and accelerated $1.0 N. America downturn and accelerated downturn in W. Europe back half of ’08 10% downturn in W. Europe back half of ’08 $0.5 5% •• Operational improvements - -TBS, Operational improvements TBS, distribution, developing markets ––expected $0.0 0% distribution, developing markets expected 2004 2005 2006 2007 Q3 '08 to drive future profit growth to drive future profit growth (ltm) Terex Response Terex Response Sales Gross Margin Op. Margin •• Production & head-count reductions Production & head-count reductions Sales by Product Sales by Geography •• Strong Dollar creates opportunity in N. Strong Dollar creates opportunity in N. 24% 17% America America 1% 19% •• Temporary factory shutdowns Temporary factory shutdowns 28% •• Rescheduling/delaying of raw material 58% Rescheduling/delaying of raw material deliveries deliveries 36% •• Facility consolidations 17% Facility consolidations •• Continued TBS / /improvement initiatives 2008 Q2 YTD 2008 Q3 YTD Continued TBS improvement initiatives Trucks Developing Markets Material Handling Japan / ANZ Heavy W. Europe 11 Compact USA / Canada
  • 12. Cranes $B 30% $2.5 Current Environment 25% Current Environment $2.0 •• Strong global market position (top 3) 20% Strong global market position (top 3) $1.5 15% •• Infrastructure and energy projects Infrastructure and energy projects $1.0 driving strength of larger cranes 10% driving strength of larger cranes (crawlers, ATC’s, larger RT’s) $0.5 5% (crawlers, ATC’s, larger RT’s) •• Tower crane and smaller capacity $0.0 0% Tower crane and smaller capacity 2004 2005 2006 2007 Q3 '08 cranes have been negatively impacted cranes have been negatively impacted (ltm) by credit crisis by credit crisis Sales Gross Margin Op. Margin Terex Response Terex Response •• Production and head-count reductions Sales by Product Sales by Geography Production and head-count reductions 3% •• Facility consolidation 15% Facility consolidation 27% •• Rescheduling/delaying of raw material 20% 6% Rescheduling/delaying of raw material deliveries 15% deliveries 40% •• Continued TBS / /improvement initiatives Continued TBS improvement initiatives 47% 27% 2008 Q3 YTD 2008 Q2 YTD Stackers Developing Markets Towers Japan / ANZ Crawlers W. Europe Other Mobile USA / Canada ATC / RT 12
  • 13. Materials Processing & Mining $B Materials Processing Materials Processing $2.5 30% Current Environment Current Environment 25% $2.0 • • Leading global market position in mobile products Leading global market position in mobile products 20% $1.5 • • Accelerated global downturn in back half of 2008 Accelerated global downturn in back half of 2008 15% • • Long-term growth expected in developing markets $1.0 Long-term growth expected in developing markets 10% Terex Response Terex Response $0.5 5% • • Production and head-count reductions Production and head-count reductions $0.0 0% • • Temporary factory shutdowns 2004 2005 2006 2007 Q3 '08 Temporary factory shutdowns (ltm) • • Rescheduling/delaying of raw material deliveries Rescheduling/delaying of raw material deliveries • • Continued TBS / /improvement initiatives Sales Gross Margin Op. Margin Continued TBS improvement initiatives Mining Mining Sales by Product Sales by Geography • • Strong global market position (top 3) Strong global market position (top 3) 34% • • Significant commodities volatility 47% Significant commodities volatility • • Some rescheduling / /cancellations of order backlog 23% Some rescheduling cancellations of order backlog 13% Terex Response Terex Response 17% 13% • • Reconfirming backlog and delivery schedules Reconfirming backlog and delivery schedules 27% 26% • • More stringent production scheduling More stringent production scheduling • • Increased emphasis on customer support for installed 2008 Q2 YTD 2008 Q3 YTD Increased emphasis on customer support for installed base (parts & service) base (parts & service) Developing Markets Materials Processing Japan / ANZ Drills/ Other • • Continued TBS / /improvement initiatives Continued TBS improvement initiatives W. Europe Trucks USA / Canada Shovels 13
  • 14. Terex Response To Environment • Focus on customers • Developing markets distribution development, large infrastructure projects, localized service and support • Increased utilization of Terex Financial Services • Customer support / refurbishment / parts and service • Internal cash generation • Discipline on terms and conditions • Raw material demand planning and scheduling vigilance • Capital spending scrutiny • Discretionary spending – wage freeze, benefit reductions, travel curtailment and reduced trade show activity … • Internal improvement initiatives continue 14
  • 15. Terex To Date: Growth With Moderate Leverage $10.4 Net Debt Sales $9.1 $7.6 ($ in billions) $6.2 $4.8 $3.9 $2.8 $2.0 $1.9 $1.8 1999 2000 2001 2002 2003 2004 2005 2006 2007 Q3 2008* Net leverage of 1.0x at Q3 2008 provides flexibility • Q3 2008 sales is based on last 12 months sales as of Sept 30, 2008; Net Debt is as of Sept 30, 2008 • Net leverage ratio is defined as debt less cash and cash equivalents divided by last twelve months EBITDA 15
  • 16. Terex Debt Profile Major components of debt include: • $700 million Revolver - July 2012 • $196 million Term Loan* - July 2013 • $300 million 7 3/8% Notes - January 2014 • $800 million 8.00% Notes - November 2017 Liquidity of $881 million at September 30, 2008, including: • Cash of $488 million • Revolver availability of $393 million • Working capital reductions No near-term debt maturities Adequate liquidity * Term Loan balance as of Sep 30, 2008 16
  • 17. Summary • Diversified portfolio – geographic and product • Leadership position in over 75% of revenue base • Positioned for long-term trends • Aggressively responding to changing market conditions • Internal initiatives will enhance operating performance • No near term debt maturities, adequate liquidity 17