Trimble Investor Presentation — December 2022

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Fourth Quarter and Full Year 2022 Results Summary

1Fourth quarter and full year 2022 highlights

Messages●Continued focus and execution on Connect & Scale platform strategy -people, process & systems.

●Strong ARR and gross margin performance, despite economic uncertainty, reflecting

progression against the Connect & Scale strategy.

●Targeted capital allocation -acquired Bid2Win and Bilberry in 2022, announced Transporeon acquisition in

December 2022. Divested 15 businesses since 2020. Continue to invest in digital transformation.

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

attributable to the current quarter, and dividing that sum by the number of days in the quarter and then multiplying that quo tient by 365.

Organic revenue refers to revenue excluding the impacts of (i) foreign currency translation (FX), and (ii) acquisitions and d ivestitures.

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

CAGR refers to compound annual growth rate.

Figures may vary due to rounding. 2$ MillionsQ4

ARR $1.60B $1.60B $1.19B+14%

Total Revenue $857 $3,676 $3,271-8%

Gross Margin % 61.8% 60.0% 57.7% +400 bps +170 bps +230 bps

margin %24.3% 25.0% 22.9% +20 bps -60 bps +210 bpsHardware

Survey$1.1B $1.1B$1.4B$1.5B

2019 2020 2021 2022Connect & Scale: fourth quarter highlights

Fourth quarter revenue by type & geography

Recurring Revenue Streams

$ Billions Fourth Quarter of

Annualized Recurring

Revenue$1.41 $1.60 +14% +16%

Non -Recurring Revenue Streams

$ Millions Fourth Quarter of

Hardware $418.4 $307.1 -27% -13%

Perpetual Software $114.1 $108.7 -5% -3%

Professional Services $41.6 $36.2 -13% -11%$456m, -1%

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