INVESTOR PRESENTATION

Toronto

November 26, 2018

Scott Thomson, President and CEO

Mauk Breukels, VP Investor Relations

Disclosures

Forward-looking information

This presentation includes “forward-looking information” (as defined in applicable Canadian securities legislation) that is based on

expectations, estimates and projections that management believes are reasonable as of the date of this presentation, but may ultimately turn

out to be incorrect.

Wherever possible, words such as “anticipate”, “believe”, “expect”, “intend”, “project”, “plan”, “forecast”, “opportunity”, “target”,

“potential” and similar words, as well as any number or year followed by “E” (which stands for “estimated”) have been used to identify these

forward-looking statements. Information in this presentation has been furnished for information only and is accurate at the time of

presentation on November 26, 2018, but may later be superseded by more current information. Except as required by law, Finning does not

undertake any obligation to update the information, whether as a result of new facts becoming known, future events occurring or otherwise.

Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results,

performance or achievements of Finning to be materially different from any future results, performance or achievements expressed or

implied by the forward-looking information in this presentation. Important information identifying and describing such risks, uncertainties and

other factors is contained in Finning’s most recently filed annual information form (under the headings “Forward-Looking Information” and

“Key Business Risks”) and in the management’s discussion and analysis of financial results (MD&A) portions of Finning’s most recent annual

and quarterly financial reports (under the headings “Risk Factors and Management” and “Forward-Looking Disclaimer”). These documents

may be accessed on the Finning website at www.finning.com (in the financial reports section on the Investors page) or the SEDAR website at

www.sedar.com.

Non-GAAP financial measures

This presentation includes the “non-GAAP financial measures” which do not have a standardized meaning under International Financial

Reporting Standards (IFRS) or Generally Accepted Accounting Principles (GAAP), and therefore may not be comparable to similar measures

presented by other issuers. For additional information regarding these financial metrics, including definitions and reconciliations from each of

these non-GAAP financial measures to their most directly comparable measure under GAAP, where available, see the heading “Description

of Non-GAAP Financial Measures and Reconciliations” in our most recent MD&A. Management believes that providing certain non-GAAP

financial measures provides users of the Company’s consolidated financial statements with important information regarding the operational

performance and related trends of the Company's business. By considering these measures in combination with the comparable IFRS

measures set out in the MD&A, management believes that users are provided a better overall understanding of the Company's business and

its financial performance during the relevant period than if they simply considered the IFRS measures alone.

2 Monetary amounts are in Canadian dollars and from continuing operations unless noted otherwise

Largest Caterpillar dealer

Unrivalled service for 85 years

Diversified customer base

~13,200 employees

Finning Overview

Page 3

Santiago

Bolivia

Argentina

Chile

Cannock

United Kingdom

IrelandBC AB

YT

Edmonton

Vancouver

head office

NWT

SK

NU

Product

support

54%New

equipment

37%

Used

equipment

5%

Rental

4%

YTD 2018(2)

revenue by line

of business

Construction

40%

Mining

27%

Power

Systems

23%

Government

3%

Forestry

3%

Other

4%

YTD 2018(2) new

equipment sales

by industry

Canada

52%

South

America

32%

UK & Ireland

16%

YTD 2018(2)

revenue

by region

(1) At November 22, 2018

(3) See description of non-GAAP financial measures in Q3 2018 MD&A

(4) See description of significant items in Q3 2018 MD&A

(2) Year to date / nine months ended September 30, 2018

Financial Statistics - YTD 2018(2)

Revenue 5.2B

EBITDA(3) 470M

Adjusted EBITDA(3)(4) 493M

EPS 1.05

Adjusted EPS(3)(4) 1.32

Invested capital(3) 3.4B

ROIC(3) 13.7%

Adjusted ROIC(3)(4) 14.5%

Market Statistics(1) - FTT (TSX)

Share price 27.44

Market Cap 4.6B

S&P/DBRS rating BBB(+/high)

Annual dividend / share 0.80

Dividend yield 2.9%

Improved Performance

4

1.70 1.80

3.54

1.98 2.01

3.30

0.0

0.5

1.0

1.5

2.0

2.5

3.0

3.5

4.0

Canada South America UK & Ireland

Invested Capital Turnover (times)

2016 Q3 2018

(1) See description of significant items in 2016 and Q3 2018 MD&A

5.5%

8.4%

1.8%

8.2%7.8%

4.7%

0%

2%

4%

6%

8%

10%

Canada South America UK & Ireland

Adjusted EBIT Margin(1)

2016 YTD 2018

32.2%

30.4%

26.7%

2.38

2.49

2.58

2.00

2.20

2.40

2.60

2.80

3.00

24%

26%

28%

30%

32%

34%

2015 2016 Q3 2018

Working Capital Efficiency

Working Capital to Sales Ratio (%)

Inventory Turns (times)

9.3%

15.0%

5.9%

16.0% 16.4%

14.0%

0%

5%

10%

15%

20%

Canada South America UK & Ireland

Adjusted ROIC(1)

2016 Q3 2018

EARNINGS

TORQUE

CAPITAL

EFFICIENCIES

Cost Control

Operational Efficiency

Supply Chain

Improvements

(3) Year to date / nine months ended September 30, 2018

(3)

(2)

(2)

(2) Q3 2018 and YTD 2018 results in South America were negatively impacted by a severe market downturn in Argentina

Investor Value Proposition – Improving ROIC

Revenue Growth

Directionally consistent with previous upcycles; key growth drivers provide upside

KEY GROWTH DRIVERS

Markets

Infrastructure Opportunities

Copper Mining Outsized Growth

Power Systems

Product

Support

Customer Support Agreements

Digital / E-Commerce

Lead Generation Tool

Rebuilds

Integrated Knowledge Centre(s)

Caterpillar

/ Finning

Ultra-Class Mining Vehicles

Autonomy

Life Cycle Value Machines

Underground

RUN

Complementary Acquisitions

RUN - rental, used, new equipment

5

Earnings Torque

Leverage of incremental revenue on fixed cost

Capital Efficiencies

Supply chain improvements and capital discipline

Free Cash Flow Delivery

Positive free cash flow through the cycle

PURPOSE

We believe in partnering and

innovating to build and power

a better world.

VISIONLeveraging our global expertise and

insight, we are a trusted partner in

transforming our customers’ performance.

VALUESWe are trusted

We are collaborative

We are innovative

We are passionate

Strategic Framework

Customer Centricity

Lean & Agile Global Finning

Global Supply Chain

Digital Enterprise

Growth and Diversification

GLOBAL STRATEGIC PRIORITIES

6

ERP

Data Driven

Decision

Making

Investment Aligned with 2018-2020 Priorities

CAT

Complementary

M&A

Global

Supply Chain

• Forecast to Cash

• Centralized

Procurement

Ultra-Class

Mining

Vehicles

• Autonomy

• Electric Drive

RUN

Strategy

CUSTOMER

CENTRICITY

DIGITAL

ENTERPRISELEAN & AGILE SUPPLY CHAIN

GROWTH &

DIVERSIFICATION

Asset Light

Footprint

Disciplined

Processes

Omni-Channel

e-commerce

Connected

Assets

Performance

Solutions

RUN - Rental, Used, New

Product Support

• Condition Monitoring

• Data-driven Lead

Generation

• Rebuild Opportunities

• Customer Support

Agreements

• Integrated Knowledge

Centre

Data and

Analytics

7

Finning Digital - Path to Demonstrable Growth

DRIVE PARTS CHANNEL SHIFTVolume Online

LIFT CHANNEL Capabilities

DRIFT UPCustomer Share

GET CONNECTEDNew & Retrofit (Cat and non-Cat)

EXPANDServices

DELIVER INSIGHTSData and Domain Driven

PARTNERDeliver Outcomes

ADVISE ON PERFORMANCEAnalyze & Recommend

INFORM ON PERFORMANCEVisibility and Monitoring

Parts and Service Digital Commerce

Equipment Connectivity

Performance Solutions

Over last three years we have invested in digital – and grown the key value performance metrics significantly

BUILD DIGITAL ASSETS“On the Edge” Talent, Connectivity

INTERNAL VALUE FOCUSImprove Core Processes

MARKET FOCUSPerformance Solutions

Digital Investments

Success Based Funding

8

0

10

20

30

2016 2017 2018 E

Digital Investment

($ millions)

0

50

100

150

2015 2016 2017 2018 E

Performance Solutions

Revenue ($ millions)

0%

20%

40%

60%

80%

2015 2016 2017 2018 E

Connected Assets

% of addressable population

0%

10%

20%

30%

2015 2016 2017 2018 E

Online Parts

% of addressable opportunity

Supply Chain Improvements

500

550

600

650

700

750

800

2013 2017

New Equipment Inventory ($ millions)

~600

23%

3.0

3.2

3.4

3.6

3.8

4.0

4.2

2013 2017 Potential

3.6

New Equipment Turns (times)

0.4x

0.5x

4.1

9

NEW EQUIPMENT

End-to-End Process Improvement

Improved Demand and Supply Planning

Advanced Technology in Key Processes

PARTS

Improved Inventory Management

Reduced Network Routes and Touches

Increased Direct Shipments to Customers

2.0

2.2

2.4

2.6

2.8

3.0

3.2

3.4

3.6

3.8

4.0

4.2

2013 2017 Potential

3.5

0.8x

0.5x4.0

Key Performance Drivers

500

550

600

650

700

750

2013 2017

~650

10%

Parts Inventory($ millions)

Parts Turns(times)

~$20 million

FCF

↑ 0.1

turns

~$20 million

FCF

↑ 0.1

turns

Caterpillar Autonomy Solution

Superior Technology / Over 20% Productivity Improvement

10

Caterpillar Global Autonomous Truck Population

Truck population 55

Support equipment population 100+

Productivity improvement vs. manned fleet >20%

Fortescue Solomon World’s Largest

CAT Supported Autonomous Mine

Customers: 6 vs. 3 competition’s

Sites: 7 vs. 6 competition’s

Largest Population by end of 2018

313

31

55

76

114

0

50

100

150

200

250

2012 2013 2014 2015 2016 2017 2018 E

* Competition 115 Trucks

200+

*

CUSTOMER

CENTRICITY

SCALABLE

~100 trucks vs. 30 from competition

250+ auxiliary vs. 30 from competition

AUTOMATED FUELING

not available from competition

RETROFIT CAPABILITY TODAY

Caterpillar 793 F and 797 F;

Komatsu 930-E4

FASTER

than manned & competition

DYNAMIC ASSIGNMENT

TECHNOLOGY

superior to fixed assignment technology

INTEROPERABLE

with manned & competitive fleets

ADVANCED FLEET

PRODUCTION SYSTEM

7463

54

70

118

0

40

80

120

160

200

2013 2014 2015 2016 2017 2018 E

Net Capital Expenditures ($ millions)

Capital Allocation

Goal - Positive Free Cash Flow Through the Cycle

150-200

GROWTH

Technology

Ultra-Class Mining Vehicles

RUN

Complementary Acquisitions

SHAREHOLDERS

Dividends

Share Repurchases

Uses of Cash (2013-2017)

Free Cash Flow

~$1.8 billion

Dividend

Debt repayment

~90% Bucyrus related

Increase in cash

Acquisition of

Saskatchewan dealer

Share

repurchases

Process and technology

investments

Ultra-class mining vehicles

Digital and e-commerce

capabilities

RUN - rental, used, new equipment

80-90

0.60

0.69

0.73 0.730.75

0.80

0.40

0.50

0.60

0.70

0.80

0.90

2013 2014 2015 2016 2017 2018

Dividend ($ per share) – 6% CAGR

2013 to 2017 - annual dividend paid; 2018 - indicated annual dividend11

INVESTOR PRESENTATION

Toronto

November 26, 2018

Scott Thomson, President and CEO

Mauk Breukels, VP Investor Relations