Tennant Company Investor Presentation — October 2018

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Earnings Release Conference Call

Wednesday, October 24, 20182TENNANT COMPANY

GAAP MeasuresOur 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

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 third quarter of 2017 and 2018. Our 2018 third quarter earnings release

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

Third Quarter 2018 –Core Strategies

•Maintaining a robust new -product pipeline

•Driving operational rigor across our footprint

•Broadening and diversifying our revenue streams

•Preserving the financial strength for future growth

•6.1% organic growth (4.3% total growth)

•Strength in Americas and Asia Pacific region

•Significant progress in all go -to-market channels, especially Strategic Accounts5TENNANT COMPANY

Third Quarter 2018 –IPC and Gaomei

•Strong underlying performance

•Finalized structure of future leadership team in EMEA

•Maintain a combination of IPC and legacy Tennant leaders

•Continue to focus on capturing synergies

•Announced agreement to acquire

•Extends ability to serve mid -tier APAC market, especially China

•Expect to complete transaction Q1 20196TENNANT COMPANY

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