Tennant Company Investor Presentation — February 2020

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Earnings Release Call

Thursday, February 20, 2020On the Call Today

President and CEOAndy Cebulla

2Forward -Looking Statements &

Our remarks this morning and our answers to questions may contain forward -looking

statements regarding the company’s expectations of future performance. Such statements

are subject to risks and uncertainties, and our actual results may differ materially from those

contained in the statements. These risks and uncertainties are described in today’s news

release and the documents we file with the Securities and Exchange Commission. We

encourage you to review those documents, particularly our Safe Harbor statement, for a

description of the risks and uncertainties that may affect our results.

Additionally, on this conference call we will discuss non -GAAP measures that include or

exclude special or non -operational items. For each non -GAAP measure, we also provide

the most directly comparable GAAP measure. There were special non -GAAP items in the

fourth quarter of 2018 and 2019. Our 2019 fourth quarter earnings release includes a

reconciliation of these non -GAAP measures to our GAAP results.

Financial Results Conference Call

Fourth Quarter and Full Year 2019

Thursday, February 20, 2020

4Fourth Quarter and Full Year 2019

Revenue and EBITDAAmericas

10 consecutive years

of organic growthBroad -based

challenges in EMEA/APAC

Demonstrates our ability to manage reasonable growth with improved profitability

5Enterprise Strategy –

Global Positioning Strategy (GPS)

compet itiveadvantageReduce complexity &build

scalable processesInnovate forprofitable

go-to-marketStrengthening

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