The Timken Company Investor Presentation — May 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, “COVID -19Update”, “Well Positioned toNavigate theUncertainty”, “Key Takeaways”, “1Q2020

Financial Comparison –NetIncome &Diluted EPS”, “Cash Flow andCapital Allocation Update”, “Strong Liquidity Position asofMarch 31,2020”,and“Long -

Term Financial Targets” areforward -looking .Statements regarding expectations forfull-yearperformance arebased ontheassumption thatthesecond quarter

of2020 isthelowpoint fortheCompany’s sales revenue andmarkets gradually improve through thebalance oftheyear.

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

factors, including :thefinalization ofthecompany's financial statements forthefirstquarter of2020;thecompany's ability torespond tochanges initsend

markets thatcould affect demand forthecompany's products orservices ;unanticipated changes inbusiness relationships withcustomers ortheir purchases

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

impairment charges ;fluctuations inmaterial andenergy costs;theimpact ofchanges tothecompany’s accounting methods ;political risks associated with

government instability ;recent world events thathave increased theriskposed byinternational trade disputes, tariffs andsanctions ;weakness inglobal or

regional 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 toachieve

satisfactory operating results intheintegration ofacquired companies, including realizing anyaccretion within expected timeframes oratall;theimpact on