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The Timken Company

Corporate Summary 2010

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Who We Are

• Industrial technology company

• Trusted provider of friction management and power transmission solutions, specialty steels and services

• Committed to helping customers around the world succeed

• Serving diverse market segments, including: aerospace, mining, energy, rail, wind, construction, truck, auto and distribution

• Sales of $3.1 billion in 2009

• 17,000 associates in 26 countries and territories

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Our History

• Founded in St. Louis in 1899 by carriage maker Henry Timken after receiving patents for a tapered roller bearing

• Relocated to Canton, Ohio, in 1901 to be closer to automotive industry

• Developed unique expertise in friction management and power transmission to improve equipment efficiency

• Initiated steel production in 1917

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Our Vision

Our Vision We are dedicatedto improving our customers’ performanceby applying our knowledge of friction management and power transmissionto deliver unparalleled value and innovation all around the world.

Our ValuesEthics & Integrity QualityInnovationIndependence

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Our Global Footprint

Note: Facility counts include manufacturing, distribution and technology and engineering centers.Sales data for year ended December 31, 2009.

Rest of World$40m Sales2 Facilities

North America$2,093m Sales39 Facilities4 Joint Ventures

Latin America$104m Sales3 Facilities1 Joint Venture

Europe$536m Sales 12 Facilities2 Joint Ventures

Asia Pacific$369m Sales11 Facilities1 Joint Venture

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Global Manufacturing

United StatesCanada

Brazil

FranceEngland

ItalyNetherlands

South Africa

India

China

RomaniaPoland

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Global Citizenship

• Our commitment to global citizenship touches every aspect of our business

• We build sustainable value for the benefit of all of our stakeholders

• We conduct ourselves in keepingwith our core values of ethics and integrity, quality, innovation and independence

• We are recognized for this

dedication to our core values

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Our Technology

• Experts in friction management and power transmission

• Technical solutions and services to help equipment run harder, faster and longer

• Invest to extend capabilities and development of productsthat customers value

• 8 technology and engineering centers

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Our Strategy

• Structure portfolio for value creation

• Fix/Exit under-performing sectors

• Enhance existing products and services

• Leverage technology to create value

• Capture lifetime of opportunity

• Industrial markets• Geographies• Channels

• Improve efficiency• Lower cost structure• Increase agility• Deliver greater

profitability & build on brand promise

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Our Offering

• Friction-management solutions and services

• Power transmission products and services

• Expertise in materials science

• Precision manufacturing that delivers consistent quality

• Global distribution

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Our Business Structure

Alloy Steel & Value-added

Solutions

Oil & GasMobile On Highway

Industrial

SteelGroup

Bearings andPower Transmission Group

Mobile Industries

Light VehicleOff Highway

RailAuto Aftermarket

Heavy Truck

Aerospace & Defense

DefenseCommercial

General AviationPositioning Control

Health

ProcessIndustries

Heavy IndustriesIndustrial Processes

Gear DrivesEnergy

Industrial Distribution

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Mobile Industries

Mobile Industries

Light VehiclesOff HighwayRailAuto AftermarketHeavy truck

• Products designed for high performance, extended equipment life and enhanced productivity

• Wide range of bearings, hub assemblies and related products such as grease and specialty kits

Bearings and Power Transmission Group

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Mobile Industries

• Products:– Premium bearings, fuel-efficient

bearings, lubricants and seals • Applications:

– Automotive equipment: passenger cars and light, medium and heavy-duty trucks

– Rail equipment: freight and passenger cars, high-speed rail systems

– Mining equipment: draglines, coal shovels, longwall shearers, haul trucks

– Agricultural equipment: tractors and combines

– Construction equipment: wheel, backhoe loaders

Mobile Industries

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How We Serve Mobile Customers

• Customer: – Rail Polska

• Timken product: – TracGlide, a top-of-rail

friction management system that dispenses thin liquid to top of rail as locomotive moves across tracks

• Customer’s success: – Installed on M62 six-axle locomotives

to increase productivity and lower energy consumption

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Process Industries

Process Industries

Heavy IndustriesIndustrial Processes Gear DrivesEnergy Industrial Distribution

• Products that increase uptime and keep equipment running with maximum efficiency

• Bearings, lubricants, seals, condition monitoring equipment and a range of repair and reliability services

Bearings and Power Transmission Group

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Process Industries

• Products:– Full line of industrial bearings and

assemblies, seals, lubricants, component and bearing repairs, condition monitoring, reliability services

• Applications: – Cement crushers, grinding mills– Rolling mills, continuous casters– Wind energy turbines– Coal conveyors, pulverizers– Paper mills and processing equipment– Planetary gear drives– Pumps, compressors

Process Industries

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How We Serve Process Industries Customers

• Customer: – Major Korean manufacturer

of wind turbines

• Timken product: – Two-row, ultra-large bore (ULB)

tapered roller bearings produced in newly installed capacity

• Customer’s success: – Long-term agreement will

provide better turbine performance for customers and reliable supply of bearings

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Aerospace and Defense

Bearings and Power Transmission GroupAerospace and Defense

Defense CommercialGeneral AviationPositioning ControlHealth

• Aerospace life-cycle support with turbine engine components, gears and helicopter transmissions, bearing/part reconditioning and extensive offering of PMA components

• Organ assist, powered surgical and imaging solutions• Precision bearings for machine tool, guidance and spaceflight• Encoders and motion control sensor systems

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Aerospace and Defense

• Products:– Transmissions, engine components,

replacement parts, MRO services, encoders and sensors, health and positioning control products

• Applications: – Gas turbine engines, gearboxes, auxiliary

power units, helicopter transmissions and rotor heads, landing gear, instrumentation, guidance systems

– Diagnostic imaging, medical devices– Machine tools– Motion control systems

Aerospace and Defense

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How We Serve Aerospace Customers

• Customer: – Erickson Air Crane

• Timken products: – Helicopter bearings, housings

and assemblies • Customer’s success:

– Timken precision components and assemblies keephelicopters in top condition for important missions

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Steel Group

• High-quality alloy steels and steel products

• Expert knowledge of metallurgy allows us to tailor every production heat to customers’ specifications

• Differentiated steel solutions for industrial, mobile on highway, and oil and gas applications

• Capabilities to help customers consolidate their supply chains

Steel Group

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Steel Group

Steel Group

Oil & Gas

Heavyweight Drill PipeDrill BitsDrill CollarsMud MotorsTool JointsSupply Chain ManagementValue-Added Machining

Steel Group

Mobile On Highway

Passenger Car Light Truck Medium/Heavy Truck

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Steel Group

Steel Group

Industrial

AgricultureBearingConstruction EquipmentDistributionIndustrial MachineryMiningPower TransmissionRailWind Energy

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Steel Group

• Products:– 450 grades of carbon and alloy steels– Special bar quality steel– Seamless mechanical steel tubing– Well-boring and finishing products– Precision steel components

• Applications: – Bearings– Drill bits, collars– Heavyweight drill pipes– Axles, gears, wind turbine gearboxes– Connecting rods, crankshafts,

cylinder liners, fuel injectors– Bushings and forgings

Steel Group

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How We Serve Steel Customers

• Customer: – Smith Technologies

of Houston, Texas

• Timken product:– Specialized grades of

Timken alloy steel forging bar

• Customer’s success: – Two-cone rock bit fashioned

from Timken® steel set three world records for distance

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Timken Product Portfolio

Our portfolio ranges from bearings,

• A wide range of tapered, cylindrical, spherical and precision ball bearings

To “around the bearing” products …

• Seals, condition-monitoring systems, lubricants and lubricators

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To power transmission components and systems …

To steel solutions.

Timken Product Portfolio

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Timken Services

• Bearing repair and maintenance programs for industrial and rail customers

• Aerospace engine repair and overhaul services

• Reliability and diagnostic testing

• Condition monitoring services

Our Services

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How Our Services Help Customers

• Customer: – Energy storage company

• Timken product: – In-depth vibration analysis

on bearings throughout largeconveyor system

• Customer’s success: – Saved hundreds of thousands

of dollars by timely replacementof bearings that tests showed were nearing failure

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2009 Accomplishments

Generated record cash flow

Leveraged redesign of systems and business processes to better manage inventory

Continued to transform business portfolio to support long-term profitable growth

Strengthened capability to supply Timken® steel to industrial and energy customers in Asia