The Timken Company Investor Presentation — February 2021

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Investor Presentation

1Advancing 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, cash flows, liquidity, costreduction measures andexpectations regarding the

future financial performance ofthecompany, including theinformation under theheadings, “The Strategy isWorking”, “Organic Growth Outlook –FY2021 by

Market/Sector”, “Renewable Energy –Expect Strong Growth Again in2021”,“2021 Outlook”, “Looking Ahead to2021”,“4Q2020 Financial Comparison –Net

Income &Diluted EPS”, “Cash Flow, Leverage &Capital Allocation, 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 andfull-year of2020;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 withproduct 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