Trimble Investor Presentation — October 2020

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Trimble Third Quarter 2020 Results Summary Third quarter 2020 highlights

▪ARR +10% Y/Y, $1.26 billion

▪Expanded gross margins and execution on costs led to adjusted EBITDA margin of 26.8%

▪Business producing attractive operating cash flow (≈$600M TTM, ≈1.1x non -GAAP net income)▪Outperformed expectations in the quarter despite COVID -19 challenges -results demonstrated

resilience of the Trimble team and diversification of portfolio

▪Executing on the Connect & Scale 2025 strategy remains our focus

▪Building the organization to execute the strategy -New Board Member, Chief Digital Officer,

Chief People Officer, VP of Talent & DEI, Head of Sustainability

▪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.

TTM refers to trailing twelve months.

Figures may vary due to rounding.3Third quarter income statement

▪Non -GAAP Revenue: + 1% Y/Y;

–Organic -1%, currency translation

+1%, Acquisitions/divestitures +1%

–ARR +10% YOY, +6% organic;

Non -recurring revenue -2%

▪Non -GAAP gross margin % up due

▪Operating margin at record high$M, Except Per Share Third Quarter of

Non -GAAP Income Statement Highlights 2019 2020 Y/Y Change

Revenue $784.3 $792.8 +1%

Gross Margin % of Revenue 57.0% 58.8% +180bps

Adjusted EBITDA $180.1 $212.5 +18%

Adjusted EBITDA % of Revenue 23.0% 26.8% +380bps

Operating Income $161.9 $191. 8 +18%

Operating Income % of Revenue 20.6% 24.2% +360bps

Tax Rate 19.0% 16.0% -300bps

Net Income $121.1 $152.8 +26%

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