Goldman Sachs Global Industrials ConferenceNovember 5, 2008 Eric Nielsen

President, Materials Processing & Mining

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Forward Looking Statements & Non-GAAP Measures

The following presentation contains forward-looking information based on the current expectations of Terex Corporation. Because forward-looking statements involve risks and uncertainties, actual results could differ materially. Such risks and uncertainties, many of which are beyond the control of Terex, include among others: our business is highly cyclical and weak general economic conditions may affect the sales of its products and its financial results; our business is sensitive to fluctuations in interest rates and government spending; the ability to successfully integrate acquired businesses; the retention of key management personnel; our businesses are very competitive and may be affected by pricing, product initiatives and other actions taken by competitors; the effects of changes in laws and regulations; our business is international in nature and is subject to changes in exchange rates between currencies, as well as international politics; our continued access to capital and ability to obtain parts and components from suppliers on a timely basis at competitive prices; the financial condition of suppliers and customers, and their continued access to capital; our ability to timely manufacture and deliver products to customers; possible work stoppages and other labor matters; our debt outstanding and the need to comply with restrictive covenants contained in our debt agreements; our ability to maintain adequate disclosure controls and procedures, maintain adequate internal controls over financial reporting and file its periodic reports with the SEC on a timely basis; the previously announced investigations by the SEC and the Department of Justice; compliance with applicable environmental laws and regulations; product liability claims and other liabilities arising out of our business; and other factors, risks, uncertainties more specifically set forth in our public filings with the SEC. Actual events or the actual future results of Terex may differ materially from any forward looking statement due to those and other risks, uncertainties and significant factors. The forward-looking statements speak only as of the date of this presentation. Terex expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statement included in this presentation to reflect any changes in expectations with regard thereto or any changes in events, conditions, or circumstances on which any such statement is based.

Non-GAAP Measures: Terex from time to time refers to various non-GAAP (generally accepted accounting principles) financial measures in this presentation. Terex believes that this information is useful to understanding its operating results and the ongoing performance of its underlying businesses without the impact of special items. See the Investors section of our website www.terex.com for a complete reconciliation.

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$19.9

$10.4 $9.2 $8.7 $8.1$5.1 $4.8 $4.5 $4.4 $4.1$5.3

$31.6

(1) Represents Machinery sales for the last twelve months ended Sep 30, 2008; excludes Engine and Financial Product sales.

(2) Represents Komatsu’s Construction, Mining & Utility Equipment segment as of Sep 30, 2008 converted at an exchange rate of JPY/USD of 106.35

(3) Exchange rate used as of Sep 30, 2008 of USD/JPY 106.35(4) Represents Volvo’s Construction Equipment segment as of Sep 30, 2008 converted at

an exchange rate of USD/SEK 6.9252(5) Represents Deere’s Construction and Forestry segment as of July 31, 2008(6) Represents 2007 Construction Equipment sales of $1.5 billion converted at an exchange

rate at Dec 31, 2007 of KRW/USD 936.07 plus estimated 2007 bobcat sales of $2.9 billion

(7) Estimated, as these are privately owned companies:JCB: 2007 sales of GBP 2.25 billion converted at Dec 31, 2007 GBP/USD rate of 1.9870Liebherr: 2007 Cranes/Mining/Construction sales of EUR 5.5 billion converted at Dec 31, 2007 EUR/USD rate of 1.4598

(8) Represents CNH Global’s Construction Equipment Segment as of Sep 30, 2008(9) Represents Access & Commercial (both concrete & refuse trucks) for the 12 months

ended Sep 30, 2008.(10) Represents Mining & Construction sales through Sep 30, 2008 converted at an

exchange rate of SEK/USD 6.9252

Caterpillar (1) Komatsu (2) Terex Deere (5)Hitachi (3) Volvo (4) CNH Global (8) Oshkosh (9)Liebherr (7) JCB (7) Doosan (6)Sandvik (10)

Terex is one of the Largest Manufacturers of Construction Equipment in the World

Based on last twelve months of available Construction Equipment Sales ($’s in Billions)

Leader in Our Categories and Our Industry

Where We Are Today

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Segment and Geographic Diversification

$ 9.1 B$ 9.1 B

2007 Sales by Geography2007 Sales by Segment

AWP 25%

Cranes 24%

MP&M 23%

Construction 21%

RBU 7%

$ 9.1 B$ 9.1 B

W. Europe 37%

USA / Canada

34%

Japan / ANZ 7%

Developing Markets

22%

Balanced by business; Balanced geographically

Diversified Portfolio of Equipment Businesses

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Terex MP&M in Summary

• $2.6 B*provider of surface mining and aggregate equipment solutions sold to mining, quarrying, and construction customers worldwide

• Solid foundation of products, geographic presence and team member talent

• Profitable growth from machinery and aftermarket business

• Undertaking actions to accelerate growth and better serve our customers

* Last 12 months through September 30, 2008

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Growing Profitability

$0.0

$0.5

$1.0

$1.5

$2.0

$2.5

2004 2005 2006 2007 Q3 '08(LTM)

0%

5%

10%

15%

20%

25%

30%

Sales Gross Margin Op. Margin

MP&M RESULTS$B

• Sales up 31% since 2004 (CAGR)

• Operating Profit up 51% (CAGR)

• Robust demand for mining and quarrying

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Materials Processing & Mining Products

Mining TrucksSurface

Mining DrillsHighwall Miners

Mining Excavators

Parts/ Tools

Mobile Materials Processing

Static Materials Processing

Top 3 Top 3 Top 3 # 1

# 1 Technology High Margin

Industry leading range of equipment for construction, mining and infrastructure industries

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Discontinuous Mining $ B Continuous Mining $ B

Surface Mining

Blast hole Drill 1.4 Bucket Wheel Excavators, etc. 2.0

Hydraulic Excavators 1.7 Surface Miners (Easy Miners) 0.2

Electric Mining Shovel 1.3 Highwall Miners 0.1

Wheel Loaders (large) 0.5

Trucks 2.5

Tractors (Dozers) 1.0

Draglines 0.3

(44%) 8.7 (12%) 2.3

Underground Mining

Development & Production Drill (Ore) 1.5 Long wall Face Support 2.0

Load Haul Dump (LHDs Ore) 2.0 Long wall Face Conveyor (AFC) 1.3

Continuous Miner / Roadheader 0.6 Long wall Shearer 0.7

Shuttle Car (Coal) 0.6

(20%) 4.7 (24%) 4.0

2007 Data: International Press, Mining Companies, OEMs, Goldman Sachs; Analysis: RWTH Aachen, BGMR

Annual Mining Equipment Industry of $20 B

Focus is on highest value adding surface mining processes of drilling, digging, and hauling

9Source : Percentage of units shipped by end market, Parker Bay 2005- 2008, 2008 Data until June.

Mining End Market Equipment Usage

Industry Terex( Mining Trucks, Hydraulic Excavators, Electric .Shovels & Wheel Loaders) ( Mining Trucks and Hydraulic Excavators)

4 Years

Coal, 46%

Copper, 7%

Gold, 11%

Iron Ore, 19%

Other, 16%

Oil Sands, 1.3%

4 Years

Coal, 38%

Gold, 11%

Iron Ore, 13%

Other, 16%

Copper, 16%

Oil Sands, 5%

• Market growth from $6 B to $ 9.6B over 3 years

• Equipment investment focused in surface mining industry

• For China coal production, beginning of shift from underground to surface mining

• Demand from developing world driving investments in coal, iron ore, and copper

• 85+ % of Terex mining equipment used by large multinational companies or large state owned companies

• Current offering well suited for metal and coal production

• Focused penetration of oil sands underway

2005 - 2008 avg 2005 - 2008 avg

10Source : Parker Bay 2005-2008, 2008 Data until June.

Mining Product Mix

Industry Terex( Mining Trucks, Hydraulic Excavators, Electric .Shovels & Wheel Loaders) ( Mining Trucks and Hydraulic Excavators)

4 Years

Trucks, 46%

Hydraulic Excavators,

15%

Drills, 13%

Tools, 20%

Electric Shovels, 1%

Wheel Loaders,

6%

4 Years

Drills, 17%

Hydraulic Excavators,

56%

Trucks, 21%

Tools, 4%

Highwall Miners, 2%

• One loading tool is required for every three or four trucks

• Move towards hydraulic excavators due to flexibility of electric or diesel power depending on mine requirement.

• Tire capacity constraints has moderated growth of large surface mining equipment during past four years

• Industry leading performance and strong global channel driving excavator sales

• Truck volume growing in line with channel improvements

• Addition of drills, tools, and high wall miner business provides total solutions offering

2005 - 2008 avg 2005 - 2008 avg

11Source : Percentage of units shipped by end market, Parker Bay 2005-2008, 2008 Data until June.

Mining sales by region

Industry Terex( Mining Trucks, Hydraulic Excavators, Electric .Shovels & Wheel Loaders) ( Mining Trucks and Hydraulic Excavators)

4 Years

Europe9%

Russia/CIS5%Latin

America17%

Australia/ Indonesia

26%

Asia6%Africa

10%

North America

27%

4 Years

Latin America

13%Russia/CIS

7%

Europe2%

North America

19%

Africa14%

Asia15%

Australia/ Indonesia

31%

• North America and Australia continue to be significant markets for mining equipment

• Significant growth in Africa, Latin America and Asia

• Solid strength in largest mining equipment markets

• Increasing focus on growing Asia markets• Opportunity to grow the business in

Americas through channel improvements

2005 - 2008 avg 2005 - 2008 avg

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Looking Forward

Large MinesQuarries/ Small MinesRoadbuilding and Construction ContractorsSegment:

MP&M Offering:

Mobile Materials ProcessingMobile Materials Processing

Static Materials ProcessingStatic Materials Processing

Shovels and TrucksShovels and Trucks

Drills/ Drilling ToolsDrills/ Drilling Tools

Other Terex Offerings:

Construction EquipmentConstruction Equipment

Rigid and Articulating TrucksRigid and Articulating Trucks

• Leading solutions provider to targeted industries & applications• Strength/consistency of global distribution, service & support• Leverage opportunities across the Terex product portfolio

Appendix

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Market Environment for Mining

Number of Mining Projects by Project Phase

0

50

100

150

200

250

300

350

400

450

2000 2001 2002 2003 2004 2005 2006 2007 2008

Pre-feasibiliyFeasibilityUnder ConstructionExpansion, BrownfieldNew Production Starts

Source: Raw Materials Group, Sweden

Key Trends• New green field

projects• Focus on quick start ups

• Prefer to minimize CAPEX, e.g. no electrification

• Very well suited for hydraulic excavators

• Shift towards larger size machines

• Higher rate of production

• Lower cost per ton

• Helps in overcoming the challenges of the shortage of skilled operators

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5.6 % CAGR

$0

$1,000

$2,000

$3,000

$4,000

$5,000

$6,000

$7,000

'90 '91'92 '93 '94 '95 '96 '97 '98 '99 '00 '01 '02 '03 '04'05 '06 '07 '08 '09 '10 '11 '12 '13 '14 '15 '16

Total Residential

-0.8 % CAGR

$0

$1,000

$2,000

$3,000

$4,000

$5,000

$6,000

$7,000

'90'91 '92'93 '94'95 '96'97 '98'99 '00'01 '02'03'04 '05'06 '07'08 '09'10 '11'12 '13'14 '15'16

Infrastructure Industrial Other Non-residential

GLOBAL NON-RESIDENTIAL CONSTRUCTION (REAL 2007 $)*

$T

1.6 % CAGR

5.6 % CAGR

GLOBAL RESIDENTIAL CONSTRUCTION (REAL 2007 $)*

$T

5.1 % CAGR

1.3 % CAGR

4.4 % CAGR

• Global growth in construction continues, despite weakness in US• Construction driving high need for quarrying and aggregates• Flexibility of mobile equipment is increasingly valued

* Source: Global Insights, July ‘07; 69 countries tracked by GI + 5% to account for rest of world … consistent with global GDP’s

Market Environment for Materials Processing

Positioned for Continuing Long - Term Trends

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Distribution & Aftermarket Priorities

OBJECTIVES• Strengthen Global Distribution

– Raising the bar for standards – Improving distribution capabilities – Improved support for larger

customers– Extend into new geographies

• Greater Aftermarket Participation– Improve aftermarket capabilities

internally and in the channel– Increase perceived value for Terex

branded parts & service– Add/improve maintenance & service

capabilities

Installed base continues to grow, driving aftermarket service

opportunities

2002 2003 2004 2005 2006 2007

EXAMPLE: HYDRAULIC EXCAVATOR INSTALLED BASE

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MP&M: Manufacturing Footprint

Crushing and Screening

Products, UK

Crushing and Screening

Products, UK

Mining TrucksAcuna, MexicoMining TrucksAcuna, Mexico

New FactoryExcavators

Tianjin, China

New FactoryExcavators

Tianjin, China

ExcavatorsGermany

ExcavatorsGermany

Drills, Crushing and Screening

Equipments, USA

Drills, Crushing and Screening

Equipments, USA

New FactoryCrushing and

Screening Products

Hosur, India

New FactoryCrushing and

Screening Products

Hosur, India

• Adding footprint in India (Materials Processing)• Adding small excavator capability in China (Mining)• Evaluating acquisitions to accelerate global progress

High Wall Miners, USA High Wall

Miners, USA

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Hydraulic Excavators

• Superior mobility as compared to an electric rope shovel

• Leadership position in electric drive

• Well suited for rapid mine start-ups

• Largest hydraulic excavator with bucket size up to 50 cubic meters

• Hydraulic excavators beginning to replace electric rope shovels

• Price range is ~ $1.5 - $16.0 million with most popular about $9.0 million

Higher mobility provides greater flexibility in mining operations

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Full Range of AC Drive Hauling Solutions

• Leadership position in high efficiency AC drive trucks

• Higher up time• Lower operating cost• Higher payload

• Better operating performance compared to mechanical drive in

• starting torque • travel speed • braking

• 120 ton to industry leading 400 ton capacity AC electric drive trucks

• Price range is ~ $2.0 - $6.5 million, with most popular about $3.0 million

Lower total cost of ownership and superior performance

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Mobile Materials Processing

• Portable and maneuverable for smaller spaces and between job sites

• Minimizes need for transportation of aggregate

• Low cost solution for meeting re- use/recycling laws

• Attractive for larger operators in times of market uncertainty due to mobility between sites or ability to use for a limited period of time and then sell

• Price range is approximately $75,000 to over $600,000

Mobility and flexibility is highly desired by customers

Questions?