The Timken Company Investor Presentation — November 2021

Document content

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, “Outlook Commentary”, “Business Spotlight –Linear Motion”, “Key

Takeaways”, “3Q2021 Financial Comparison –NetIncome &Diluted EPS” and“Cash Flow, Leverage &Capital Allocation” areforward -looking .

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

factors, including :thefinalization ofthecompany's financial statements forthethird quarter ;thecompany's ability torespond tochanges initsendmarkets

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

company ;changes inthefinancial health ofthecompany's customers, which may have animpact onthecompany's revenues, earnings andimpairment

charges ;fluctuations inmaterial andenergy costs;logistical issues associated with portclosures orcongestion, delays orincreased costs;theimpact of

changes tothecompany’s accounting methods ;political risks associated withgovernment instability ;recent world events thathave increased theriskposed by

international trade disputes, tariffs andsanctions ;weakness inglobal orregional economic conditions andcapital markets ;thecompany’s ability tosatisfy its

obligations under itsdebt agreements andrenew orrefinance borrowings onfavorable terms ;fluctuations incurrency valuations ;changes intheexpected

costs associated withproduct warranty claims ;theability toachieve satisfactory operating results intheintegration ofacquired companies, including realizing

anyaccretion, synergies, andexpected cashflow generation within expected timeframes oratall;theimpact onoperations ofgeneral economic conditions ;

fluctuations incustomer demand ;theimpact onthecompany’s pension obligations andassets duetochanges ininterest rates, investment performance and