The Manitowoc Company, Inc.

SUNTRUST MIDWEST INDUSTRIAL CONFERENCE

KOHLER, WI, JUNE 22, 2017

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Forward- Looking Statements

Safe Harbor Statement

Any statements contained in this presentation that are not historical facts are “forward-looking statements.” These statements are based on the current expectations of the management of the company, only speak as of the date on which they are made, and are subject to uncertainty and changes in circumstances. We undertake no obligation to update or revise forward-looking statements, whether as a result of new information, future events, or otherwise. Forward-looking statements include, without limitation, statements typically containing words such as “intends,” “expects,” “anticipates,” “targets,” “estimates,” and words of similar import. By their nature, forward-looking statements are not guarantees of future performance or results and involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the future.

There are a number of factors that could cause actual results and developments to differ materially from those expressed or implied by such forward-looking statements. For a list of factors that could cause actual results to differ materially from those discussed or implied, please see the company’s periodic filings with the SEC, particularly those disclosed in “Risk Factors” in the company’s Form 10-K for the fiscal year ended December 31, 2016. Any “forward-looking statements” in this presentation are intended to qualify for the safe harbor from liability under the Private Securities Litigation Reform Act of 1995.

Non-GAAP Measures

The company uses certain non-GAAP measures in discussing the company’s performance. The company believes that these non-GAAP financial measures provide important supplemental information to both management and investors regarding financial and business trends used in assessing its results of operations; however, these measures are not substitutes for GAAP financial measures. The reconciliation of those measures to the most comparable GAAP measures is detailed in Manitowoc’s press release for the first-quarter of 2017, which is available at www.manitowoc.com, together with this presentation.

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Global leader in lifting equipment

Global customer financing and aftermarket solutions

Serving wide range of end markets

Stable customer base across diverse range of geographies

Strategically located manufacturing footprint allows us to serve attractive markets globally

Leader in innovation

Expect significant upside from near-term operational improvements

Industry-Leading Crane Company

Early stages of transformation to a high quality, higher margin crane company compared to peers

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Strong Aftermarket Solutions

Aftermarket Parts and Service

Skills Training

Financing

Rebuild/Refurbish

Special Applications

Fleet Management/ Diagnostics (Tower)

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Transformation: The Conditions are Right

Stand-alone Crane Company

• Foodservice spin-off complete

• Right-sizing for new company structure

Re-Capitalized Balance Sheet

• Sufficient liquidity

• Working capital focus

Operationally Focused Management Team

• Demonstrated record of turnarounds

• Lean acceleration to drive margin improvement

Cyclical Down-Turn

• Increasing manufacturing flexibility to manage through the cycle

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Global Footprint

Manufacturing footprint and extensive sales and customer service reach to serve both mature and emerging markets

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The Manitowoc Way

Customers

Shareholders Employees

Velocity

Innovation

1. Margin Expansion

2. Growth

3. Innovation

4. Velocity

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Strategic Priorities

• Renew Focus on Quality & Reliability • Strengthen Channel Management • Increase Market Share

• Optimize Global Capacity • Increase Manufacturing Agility • Improve Productivity • Reduce Material Cost

• Accelerate New Product Development • Leverage Advanced Manufacturing Technologies

Margin Expansion

Growth

Innovation

Velocity

• Implement The Manitowoc Way • Re-invigorate the Company Culture • Strengthen Balance Sheet by Better Working Capital Mgmt.

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Progress on Strategic Priorities

• Eight new crane introductions at ConExpo

• Two cranes developed from ground up in six months

• Aligning capacity to current demand -- plant relocations on schedule • Unwavering focus on cost

management and to eliminate waste

• Key account management program • Military project on schedule • Aftermarket initiatives

Margin Expansion

Innovation

Growth

Velocity • Implement The Manitowoc Way • Kaizen-driven success stories

Actions to Target Double Digit Operating Margins (EBITA) by 2020

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ConExpo 2017 Summary

• Over one year of planning

• 5 weeks to construct the stand

• 5 days on the show

• 12 cranes on display (8 brand new)

• 25+ customer celebrations & crane handovers

• 128,000 attendees from 150 countries

• Excellent customer reception to new products

• Orders exceeded expectations

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ConExpo 2017

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ConExpo 2017

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ConExpo 2017

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ConExpo 2017

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A P P E N D I X

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• Strong customer reception to new products at ConExpo • Mobile cranes: Soft market conditions in Americas &

Middle East • Tower cranes: stable, in line with expectations

Q1 2017 Summary

• Backlog up 56% sequentially • Nearly half of order from new products • Revenue down 28.5 percent • Focused actions to manage costs and right-size the

business • Improved cash flow YOY with no borrowings on ABL

facility at quarter end

Financial Summary

Business Highlights

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Financial & Other Key Metrics

(1) Please see appendix for reconciliation of GAAP to non-GAAP measures (2) Cash Flow from Operating Activities of continuing operations (3) Reflects the retrospective change in accounting for inventories from LIFO to FIFO in 2016

Q1 2017 Q1 2016 (3) YoY ∆

Orders 488.3$ 417.1$ 17.1 %

Net Sales 305.8$ 427.4$ (28.5)%

SG&A Expense 63.3$ 72.4$ (12.5)%

Operating (loss) income (23.7)$ 0.8$ n/m

Non-GAAP adjusted operating

(loss) income (1)

(11.4)$ 7.3$ n/m

Net Loss from contiuing

operations

(36.0)$ (192.7)$ 81.3 %

Non-GAAP adjusted net loss from

continuing operations (1)

(24.2)$ (7.6)$ n/m

Non-GAAP Adjusted EBITDA (1) (0.8)$ 19.5$ n/m

CFOA (2) (32.5)$ (163.4)$ 80.1 %

Capital Expenditures 3.8$ 10.9$ (65.2)%

Backlog 506.3$ 502.3$ 0.8 %

Book-to-bill 1.60 0.98 63.6 %

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Situational Analysis

• Uncertainty on industry trough

• Depressed energy markets

• Infrastructure investments • Lower resale values

• Lower rental rates

• Lower utilization rates

Mobiles

Persistently weak market conditions;

Looking for signs of stabilization

Towers

• Residential and Commercial

market recovery • Stable resale values

• Flat rental rates

• Strengthening utilization rates in

Europe and North America, declining in Latin America and Middle East

Weak market environment; but improving

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Crane volumes are currently near cyclical lows (# of units sold)

Historical Manitowoc Crane Volume

Towers

2009 2010 2011 2012 2013 2014 2015 2016

MOBILES

2009 2010 2011 2012 2013 2014 2015 2016

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