The Timken Company Investor Presentation — February 2020

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Investor Presentation

Advancing as a Global Industrial Leader

Neil Frohnapple –Director, Investor Relations

Q&ARich Kyle –President and Chief Executive Officer

Phil Fracassa –Executive Vice President and Chief Financial Officer

Question and Answer SessionForward -Looking Statements Safe Harbor and Non -GAAP

Financial Information

Certain statements inthispresentation (including statements regarding thecompany's forecasts, beliefs, estimates andexpectations) thatarenothistorical in

nature are"forward -looking" statements within themeaning ofthePrivate Securities Litigation Reform Actof1995.Inparticular, thestatements related to

Timken’s plans, outlook, future financial performance, targets, projected sales, cashflows, liquidity andexpectations regarding thefuture financial performance

ofthecompany, including theinformation under theheadings, “Proven Strategy toDrive Shareholder Value”, “The Strategy isWorking”, “Organic Growth

Outlook –FY2020 ByMarket/Sector”, “2020 Outlook”, “Key Takeaways”, “4Q2019 Financial Comparison –NetIncome &Diluted EPS”, “Cash Flow, Leverage &

Capital Allocation”, “Current Outlook :FullYear2020 vs.2019”,and“Long -Term Financial Targets” areforward -looking .

TheCompany cautions thatactual results maydiffer materially from those projected orimplied inforward -looking statements duetoavariety ofimportant

factors, including :thefinalization ofthecompany's financial statements forthefourth quarter andfullyear of2019;thecompany's ability torespond to

changes initsendmarkets thatcould affect demand forthecompany's products orservices ;unanticipated changes inbusiness relationships withcustomers or

their purchases from thecompany ;changes inthefinancial health ofthecompany's customers, which may have animpact onthecompany's revenues,

earnings andimpairment charges ;fluctuations inmaterial andenergy costs;theimpact ofchanges tothecompany’s accounting methods ;political risks

associated withgovernment instability ;recent world events thathave increased theriskposed byinternational trade disputes, tariffs andsanctions ;weakness

inglobal orregional economic conditions andcapital markets ;thecompany’s ability tosatisfy itsobligations under itsdebtagreements andrenew orrefinance

borrowings onfavorable terms ;fluctuations incurrency valuations ;changes intheexpected costs associated with product warranty claims ;theability to

achieve satisfactory operating results intheintegration ofacquired companies, including realizing anyaccretion within expected timeframes oratall;the

impact onoperations ofgeneral economic conditions ;fluctuations incustomer demand ;theimpact onthecompany’s pension obligations andassets dueto