Trimble Investor Presentation — January 2021

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Trimble Fourth Quarter and Full Year 2020

Results SummaryFinancial

▪Q4 revenue +0.4% Y/Y (≈+ 3%ex 14th week in Q419);

recurring revenue resilient with ARR of ≈$1.30 billion (+9%)

▪Expanded gross margins and strong operating cost

management led to Q4 adjusted EBITDA margin of 26%

▪Business producing strong cash flow (FY20 operating cash

flow $672M, free cash flow $615M ) in excess of net income▪Outperformed expectations in the quarter

▪Company is aligned to deliver customer value and allocate

capital towards the Connect & Scale 2025 strategy

▪Long term market conviction remains strong

2ARR 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.

Free cash flow refers to cash flow from operations minus capital expenditures.

Figures may vary due to rounding.

Fourth quarter and full year 2020 highlights3

Connected Supply Chain -Trimble Dispatch Advisor brings

capabilities across the portfolio together to improve planning,

reduce empty miles, and improve utilization

“We have found TDA to be a great tool for

our dispatchers and load planners...TDA

gave them suggestions and in turn showed

our planners where to look for next load

options. It is extremely easy to use and

great for less experienced people...

Weighing deadhead, dwell time and other

negative factors is a tremendous tool to

help curb impacts on the bottom line.”“ACT’s experience with TDA has been

positive on many fronts. The first thing

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