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The Timken Company Bank of America Global Industrials Conference March 16, 2021 1Advancing as a Global Industrial Leader
Bank of America Global Industrials
1Advancing as a Global Industrial Leader
Forward -Looking Statements Safe Harbor and Non -GAAP
Financial Information
2Certain statements inthispresentation (including statements regarding thecompany's forecasts, beliefs, estimates andexpectations) thatarenothistorical
innature are"forward -looking" statements within themeaning ofthePrivate Securities Litigation Reform Actof1995.Inparticular, thestatements related
toTimken’s plans, outlook, projected costsavings, targets, projected sales, cashflows, liquidity andexpectations regarding thefuture financial performance
ofthecompany areforward -looking .
TheCompany cautions thatactual results maydiffer materially from those projected orimplied inforward -looking statements duetoavariety ofimportant
factors, including :thecompany's ability torespond tochanges initsendmarkets thatcould affect demand forthecompany's products orservices ;
unanticipated changes inbusiness relationships withcustomers ortheir purchases from thecompany ;changes inthefinancial health ofthecompany's
customers, which mayhave 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 therisk
posed byinternational trade disputes, tariffs andsanctions ;weakness inglobal orregional economic conditions andcapital markets ;thecompany’s ability
tosatisfy itsobligations under itsdebt agreements andrenew orrefinance borrowings onfavorable terms ;fluctuations incurrency valuations ;changes in
theexpected costs associated withproduct warranty claims ;theability toachieve satisfactory operating results intheintegration ofacquired companies,
including realizing anyaccretion within expected timeframes oratall;theimpact onoperations ofgeneral economic conditions ;fluctuations incustomer
demand ;theimpact onthecompany’s pension obligations andassets duetochanges ininterest rates, investment performance andother tactics designed
toreduce risk;theintroduction ofnewdisruptive technologies ;unplanned plant shutdowns ;theeffects ofgovernment -imposed restrictions meant to
address climate change ;unanticipated litigation, claims, investigations orassessments ;theCompany’s ability tomaintain appropriate relations withunions
andworks councils ;negative impacts tothecompany’s business, results ofoperations, financial position orliquidity asaresult ofCOVID -19orother
epidemics andassociated governmental measures such asrestrictions ontravel andmanufacturing operations ;andthecompany’s ability tocomplete and
achieve thebenefits ofannounced plans, programs, initiatives, acquisitions andcapital investments .Additional factors arediscussed inthecompany's filings
withtheSecurities andExchange Commission, including thecompany's Annual Report onForm 10-Kfortheyearended Dec.31,2020,quarterly reports on
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