The Timken Company Investor Presentation — February 2018

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Delivering Next -Level Performance 4Q 2017 Earnings

Investor Presentation

FEBRUARY 7, 2018 Introduction

-Jason Hershiser – Manager, Investor Relations

Overview and Business Update

-Rich Kyle – President & CEO

-Phil Fracassa – Executive Vice President & CFO

2 Forward -Looking Statements Safe Harbor & Non -GAAP

Financial Information

Certain statements in this presentation (including statements regarding the company's forecasts, beliefs, estimates and expec tations) that are not

historical in nature are "forward -looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995 . In particular, the

statements related to Timken’s plans, outlook, future financial performance, targets, projected sales, cash flows, liquidity and expectations regarding

the future financial performance of the company, including the information under the headings, “Continuing to Advance Our Strategy ”, “2017: Year in

Review”, “Looking Ahead to 2018: Market Outlook and Drivers”, “2018 Outlook Update”, “Key Takeaways”, “4Q 2017 Financial Comparison – Net

Income & Diluted EPS”, “ Impact of U.S. Tax Reform”, “Full Year 2018 Outlook”, “2018 Outlook”, “Estimated Revenue Walk: 2018 vs. 2017” and

“Estimated Adj. EPS Walk: 2018 vs. 2017” are forward -looking.

The Company cautions that actual results may differ materially from those projected or implied in forward -looking statements due to a variety of

important factors, including: the finalization of the company's financial statements for the fourth quarter of 2017; the company's ability to respond to

changes in its end markets that could affect demand for the company's products; unanticipated changes in business relationships with customers or

their purchases from the company; changes in the financial health of the company's customers, which may have an impact on the company's

revenues, earnings and impairment charges; fluctuations in material and energy costs; the impact of changes to the company’s accounting methods;

weakness in global or regional economic conditions and capital markets; fluctuations in currency valuations; changes in the expected costs associated

with product warranty claims; the ability to achieve satisfactory operating results in the integration of acquired companies, including realizing any

accretion within expected timeframes or at all; the impact on operations of general economic conditions; fluctuations in cust omer demand; the impact

on the company’s pension obligations due to changes in interest rates, investment performance and other tactics designed to r educe risk; the