Trimble Investor Presentation — January 2021

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Trimble First Quarter 2021 Results SummaryFinancial

▪Q1 revenue: $887 million, +12% overall, +10% organic

▪ARR: $1.32B, +9% overall, +7% organic

▪TTM operating cash flow: $745M, up 26%

▪Adjusted EBITDA margins: 26.1%

▪Earnings per share growth: +35%▪Outperformed expectations in the quarter

▪End market strength

▪Increasing investments in the business to accelerate Connect & Scale 2025 strategy

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.

Figures may vary due to rounding.First quarter 2021 highlightsReporting Segments Trimble Playbook

▪Buildings & Infrastructure : continued conversion in

business models; segment now ~65% software -related.

Poised to benefit from a construction led recovery

▪Geospatial : strongest growth since creation of

reporting segment in 2017. Poised to benefit from

ongoing innovation and construction led recovery

▪Resources & Utilities : strong growth in the quarter.

Poised to benefit from healthy agriculture and forestry

▪Transportation : expectations met in the quarter.

Poised to benefit from strong bookings growth in both

mobility and enterprise offerings▪Secular opportunity to digitize large global

markets that are underserved and

▪Technology that connects the physical and

▪Hardware and software solutions that

connect the field and the office

▪Delivering customer return on investment

in the form of productivity, quality, safety,

transparency and sustainability

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