Trimble Investor Presentation — April 2022

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First Quarter 2022 Results Summary2

HighlightsFirst quarter 2022 highlights

ARR refers to annualized recurring revenue, and is calculated by adding the portion of the contract value of all of our term licenses attributable to the current quarter to our non -GAAP recurring revenue for the current quarter and

dividing that sum by the number of days in the quarter and then multiplying that quotient by 365.

Adjusted EBITDA refers to non -GAAP operating income plus depreciation plus income from equity method investments, net.

TTM refers to trailing twelve months.

Figures may vary due to rounding.2▪Outperformed expectations in the quarter

▪Strong demand, revenue, ARR and EBITDA growth despite supply chain challenges

▪Focused and well positioned to execute on Connect & Scale 2025 strategy

▪Market conditions remain net positive

▪Capital allocation aligned with strategic priorities

▪Q1 revenue +12%, +14% organic; recurring revenue resilient with

ARR of $1.47B (+12% overall, +14% organic)

▪Strong Q1 and TTM adjusted EBITDA margin of 25.5% , despite cost pressures

▪Share repurchases in Q1 of $105M, and $245M on a TTM basis

▪Recently announced 5 divestitures, enhancing strategic focus3

Innovation and Platform

Trimble Construction One (TC1)

●Increased win rates

●Increase in deal size

●Increase in share of

cyclesExample: persona -based offering

TC1 -Contractor Cloud Demonstrating early

bookingsUnique platform for data and workflows

●Key account selling

across the portfolio

workflowsImproving go to

Contractual framework to

First quarter 2022 financial summary

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