Investor PresentationFebruary 24, 2021

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David J. WilsonPresident and Chief Executive Officer

Gregory P. RustowiczVice President – Finance & Chief Financial Officer

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Safe Harbor Statement

These slides, and the accompanying oral discussion, contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements concerning future sales and earnings, involve known and unknown risks, uncertainties and other factors that could cause the actual results of the Company to differ materially from the results expressed or implied by such statements, including the impact of Covid-19 and the Company’s efforts to reduce costs, maintain liquidity and generate cash in the current pandemic, the effectiveness of the Company’s 80/20 Process to simplify operations, the ability of the Company’s Operational Excellence initiatives to drive profitability, the Company’s ability to grow market share, the ability to achieve revenue expectations, global economic and business conditions, conditions affecting the industries served by the Company and its subsidiaries, conditions affecting the Company's customers and suppliers, competitor responses to the Company's products and services, the overall market acceptance of such products and services, the ability to expand into new markets and geographic regions, and other factors disclosed in the Company's periodic reports filed with the Securities and Exchange Commission. The Company assumes no obligation to update the forward-looking information contained in this release.

Non-GAAP Financial MeasuresThis presentation will discuss some non-GAAP (“adjusted”) financial measures which we believe are useful in evaluating our performance. You should not consider the presentation of this additional information in isolation or as a substitute for results compared in accordance with GAAP. The non-GAAP (“adjusted”) measures are notated and we have provided reconciliations of comparable GAAP to non-GAAP measures in tables found in the Supplemental Information portion of this presentation.

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Who We Are: Columbus McKinnon

A leading industrial technology company

in safe and productive motion control

Founded: 1875

Market Capitalization $1.2 billion Average Volume (3 mo.) 84,560

Recent Price / 52-Week Range $48.93 / $19.20 - $49.18 Common Shares Outstanding 24.0 million

Market data as of 2/22/2021 (Source: S&P Capital IQ); Shares outstanding as of 1/25/2021; Institutional and insider ownership as of most recent filing

IPO: 1996

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Highly relevant, professional-grade solutions for solving customers’ critical problems in safety, uptime & productivity

Strong Value Proposition

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Three Product GroupsCustomer Driven Solutions

Industrial Products

Crane Solutions

46% 43%

11%

Manual Chain Hoist

Electric Chain Hoist

Rigging / Clamps

Industrial Winches

Cranes, Wire Rope Hoists

Drives and Controls

Crane Kits & Components

Jibs, Workstations

Linear & Mechanical Actuators

Lifting Tables

Rail Systems

Actuation Systems

Engineered

Products

$652.9 MillionQ3 FY21 TTM Revenue

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Diversified Revenue Streams

General Industrial

Metals Processing / Steel

/ Concrete

Oil & Gas

Energy/Utilities

Automotive

Rail / Aerospace / Transport

Construction

Pulp Paper/Chemical/Pharma

Heavy OEM

Elevators

Entertainment

MiningGovernment / Others

~25%

~10%

~10%

~10%

~10%

~10%

~5%

~5%

~5%

~3%~3%

~3% ~3%

US General Line

Distributors

Crane Builders

Pfaff International Direct

OEM/Government

Specialty Distributors

EPC

International General Line Distributors

~24%

~26%

~20%

~11%

~11%

~6%

~2%

U.S.

Europe, Middle East & Africa

APAC

Canada Latin America

54%33%

4%3%6%

$652.9 Million Q3 FY21 TTM Revenue

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Strategy to deliver growth, financial performance and shareholder value

Blueprint for Growth 2.0Pivot Columbus McKinnon toward growth: Organic and Inorganic

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Columbus McKinnon Business System (CMBS) will become our competitive advantage

Columbus McKinnon Business System

8. Operations

9. Finance

10. Data & Systems

6. Commercial / Selling

7. Product Development1. People & Values

2. Strategic Planning

3. Marketing

4. Product Management

5. M&A

Strategic Framework and Core Competencies

Created more than $35M of incremental OI since FY19… Substantial opportunities still exist

80/20Critical Business Tool

Product SKUsDown to ~40,000

from ~50,000 in 2019

Purchased parts~400,000

Simplify the Business:Eliminate bleeders… focus on areas of growth

Raving fans and priority

account program

Customer list simplification

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Product Line Simplification

Business Segmentation,

Zero Up

• Processes being embedded into “Core Competencies”

• Ownership, Accountability & Measurability

Focus Area:

Product Line Simplification80/20 Embedded in CMBS

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Reimaging our Future

• Rethinking current addressable markets and targeting further strategic expansion through innovative approaches

• Improving vertical market, channel and geographic access

• Taking greater marker share through product localization, new product development and advancements in automation

• Strengthen competencies and improve overall competitive position

Providing a clear path to organic and strategic growth initiatives

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Tandem Hoist Intelli-Lift™ Auto Detection Utility Lever Hoist

Delivering InnovationDriving organic growth

Improved customer experience, safety and productivity at the core of new product development

• Visible and audible warnings when off-center pick is detected

• Auto-correction mode

• Safety brake prevents unexpected load release

• Two patent applications on the YaleErgo 360

• Improved facility safety for large complex loads

• Available in Compass™ configurator

New Product Introductions

Criteria aligned to enterprise strategy, which will drive search and outreach efforts

Target

Screen Outreach Due

DiligenceDecision

M&A

Pipeline Programmatic

M&A

Acquisition

Committee

Feedback

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Inorganic GrowthM&A Funnel Process

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Business Model Evolution

Revenue

Growth Rate

EBITDA

Multiple

FY21

Core CMCO

Automation & Digitization

Reimagine Core

Core CMCO

Future

Strategy evolving Columbus McKinnon into a high value, intelligent motion enterprise

Growth Strategy Substantially Advances Underlying Portfolio

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Encouraged by an improving landscape

Sequential ResultsNet Sales continue to recover, profitability impacted by return to work and growth investments

Net sales increased $8.8 million, or 5.5%

• Short-cycle business: 5.6% increase

• Project business: 5.5% increase

Solid adjusted operating income of $11.2 million $5.0

$14.0

$11.2

Q1 FY21 Q2 FY21 Q3 FY21

$139.1

$157.8$166.5

Q1 FY21 Q2 FY21 Q3 FY21

$1.8

$15.8

$10.4

Q1 FY21 Q2 FY21 Q3 FY21

Net Sales Operating Income & Margin

Adjusted Operating Income & Margin

1.3%

10.0% 6.3%

3.6% 8.9% 6.7%

($ in millions)

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Net Sales Operating Income & Margin

Solid Margins on Lower Volume

Q3 FY21 TTM sales and operating income reflect COVID-19 impact

• Q3 FY21 sales volume down 19%

Cost management efforts drive profitability in challenging environment

80/20 Process and operational excellence initiatives drove margin performance

($ in millions)

9.1%9.4% 11.4% 12.1%

$68.3 $69.4

$89.8

$44.7

FY18 FY19 FY20 Q3 FY21 TTM

See Supplemental Slides for definition of Adjusted Income from Operations and reconciliation from GAAP and other disclaimers regarding non-GAAP information.

Adjusted Operating Income & Margin

$78.7

$99.8 $97.7

$50.4

FY18 FY19 FY20 Q3 FY21 TTM

$801.1 $842.1 $809.2 $652.9

$839.4 $876.3 $809.2

$652.9

FY18 FY19 FY20 Q3 FY21 TTM

Sales Divestitures

8.1% 7.9% 11.1% 6.8%

9.4% 11.4% 12.1% 7.7%

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Adjusted EBITDA Margin Solid adjusted EBITDA margin during challenging environment

Adjusted EBITDA & ROIC

Return on Invested Capital (ROIC)(1)

Strong confidence in strategy evolution to drive profitable growth and realize long-term objectives

15.1%15.7%

12.0%

FY19 FY20 Q3 FY21 TTM

11.3% 11.7%

6.6%

FY19 FY20 Q3 FY21 TTM

(1)ROIC is a non-GAAP measure defined as adjusted income from operations, net of taxes at a

22% normalized rate, for the trailing four quarters divided by the average of debt plus equity

less cash (average capital) for the trailing five quarters.

• Q3 FY2021 Adjusted EBITDA margin of 10.9% down 430 basis points from prior year on 19% lower volume

• Continuing to target 19% Adjusted EBITDA margin post COVID-19 recession

Return on Invested Capital expected to

improve in fiscal 2022

• Continuing to target mid-teen ROIC post Covid-19 recession

$55.1

$67.2

$97.4 $99.9

FY18 FY19 FY20 Q3 FY21 TTM

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Free Cash Flow(2)

Cash Flow Outstanding cash generation

• Capital expenditures of $5.9 million in Q3 FY21 YTD

• FY21 expected CapEx: $10 - $12 million(1)

Sufficient liquidity to navigate through COVID-19 pandemic

Note: Components may not add to totals due to rounding

($ in millions)

FY18 FY19 FY20Q3 FY21

TTM

3/31/18 3/31/19 3/31/20 12/31/20

Net cash provided

by operating

activities

$69.7 $79.5 $106.8 $108.5

CapEx (14.5) (12.3) (9.4) (8.6)

Free cash flow

(FCF)(2)$55.1 $67.2 $97.4 $99.9

(1)Capital expenditure guidance provided January 28, 2021(2)Free cash flow is a non-GAAP measure defined as cash provided by operating activities minus capital expenditures

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Significant financial flexibility in uncertain macroeconomic environment

Capital Structure

Net debt leverage ratio below target of 2.0x

• Net debt leverage ratio(1) of 0.79x

• Net debt to net total capital 11.1%

Total liquidity of $270.6 million at quarter end

Significant financial strength and liquidity supports pivot to growth

CAPITALIZATION

Dec. 31,

2020

March 31,

2020

Cash and cash equivalents $ 187.6 $ 114.5

Total debt 249.5 251.3

Total net debt 61.9 136.9

Shareholders’ equity 497.3 463.6

Total capitalization $ 746.9 $ 714.9

Debt/total capitalization 33.4% 35.2%

Net debt/net total capitalization 11.1% 22.8%

($ in millions)

(1)Net debt leverage ratio is defined as Net Debt / TTM Adjusted EBITDA

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Why Columbus McKinnon?

COLUMBUS MCKINNON BUSINESS SYSTEM (CMBS) ESTABLISHING SCALABILITY

EVOLVING STRATEGY INTO BLUEPRINT FOR GROWTH 2.0 DEFINES GROWTH FRAMEWORK

BUILDING STRONGER EARNINGS POWER - CREATING VALUE

STRONG MANAGEMENT TEAM EXECUTING WELL

LOWERING RISK PROFILE AND EXPANDING MARGINS

Supplemental Information

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U.S. Capacity Utilization Eurozone Capacity Utilization

Industrial Capacity Utilization

Source: The Federal Reserve Board Source: European Commission

60%

65%

70%

75%

80%

Manufacturing Total

74.6% (Manufacturing) &

75.6% (Total)

January 2021(1)

65%

67%

69%

71%

73%

75%

77%

79%

81%

83%

85%

76.3%

Q4 2020

(1)January 2021 numbers are preliminary

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ISM Production IndexSource: Institute of Supply Chain Management

25%

30%

35%

40%

45%

50%

55%

60%

65%

70%60.7%

Jan. 2021

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Adjusted Income from Operations Reconciliation

($ in thousands) Fiscal Year Quarter TTM

FY 2018 FY 2019 FY 2020 Q1 FY21 Q2 FY21 Q3 FY21 Q3 FY21

GAAP income from operations $ 68,331 $ 69,442 $ 89,824 $ 1,789 $ 15,820 $ 10,447 $ 44,720

Add back (deduct):

Factory closures — 1,473 4,709 2,256 747 469 5,092

Business realignment costs — 1,906 2,831 821 — 237 2,814

Insurance recovery legal costs 2,948 1,282 585 141 88 — 389

Insurance settlement (2,362) — (382) — — — (15)

Gain on sale of building — — — — (2,638) — (2,638)

Loss on sales of businesses — 25,672 176 — — — —

Acquisition deal, integration, and severance costs 8,763 — — — — — —

Debt repricing fees 619 — — — — — —

Magnetek litigation 400 — — — — — —

Adjusted income from operations – Non-GAAP $ 78,699 $ 99,775 $ 97,743 $ 5,007 $ 14,017 $ 11,153 $ 50,362

Sales $ 839,419 $ 876,282 $ 809,162 $ 139,070 $ 157,790 $ 166,547 $ 652,893

Operating margin – GAAP 8.1% 7.9% 11.1% 1.3% 10.0% 6.3% 6.8%

Adjusted operating margin – Non-GAAP 9.4% 11.4% 12.1% 3.6% 8.9% 6.7% 7.7%

Adjusted income from operations is defined as income from operations as reported, adjusted for certain items. Adjusted income from operations is not a measure determined in accordance with

generally accepted accounting principles in the United States, commonly known as GAAP, and may not be comparable with the measures as used by other companies. Nevertheless, Columbus

McKinnon believes that providing non-GAAP information, such as adjusted income from operations, is important for investors and other readers of the Company’s financial statements and assists in

understanding the comparison of the current quarter’s and current year's income from operations to the historical periods' income from operations, as well as facilitates a more meaningful

comparison of the Company’s income from operations to that of other companies.

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Adjusted EBITDA Reconciliation

Adjusted EBITDA is defined as net income before interest expense, income taxes, depreciation, amortization, and other adjustments. Adjusted EBITDA is not a measure determined in accordance

with generally accepted accounting principles in the United States, commonly known as GAAP, and may not be comparable with the measures as used by other companies. Nevertheless,

Columbus McKinnon believes that providing non-GAAP information, such as adjusted EBITDA, is important for investors and other readers of the Company’s financial statements and assists in

understanding the comparison of the current quarter’s and current year's net income and diluted EPS to the historical periods' net income and diluted EPS, as well as facilitates a more meaningful

comparison of the Company’s net income and diluted EPS to that of other companies.

($ in thousands) Fiscal Year Quarter TTM

FY 2019 FY 2020 Q3 FY21 Q3 FY21

GAAP net income $ 42,577 $ 59,672 $ 6,594 $ 8,765

Add back (deduct):

Income tax expense (benefit) 10,321 17,484 616 4,555

Interest and debt expense 17,144 14,234 2,986 12,392

Investment (income) loss (727) (891) (495) (1,381)

Foreign currency exchange (gain) loss 843 (1,514) 602 87

Other (income) expense, net (716) 839 144 20,302

Depreciation and amortization expense 32,675 29,126 6,993 28,338

Factory closures 1,473 4,709 469 5,092

Business realignment costs 1,906 2,831 237 2,814

Insurance recovery legal costs 1,282 585 — 389

Insurance settlement — (382) — (15)

Gain on sale of building — — — (2,638)

Loss on sales of businesses 25,672 176 — —

Non-GAAP adjusted EBITDA $ 132,450 $ 126,869 $ 18,146 $ 78,700

Sales $ 876,282 $ 809,162 $ 166,547 $ 652,893

Net income margin – GAAP 4.9% 7.4% 4.0% 1.3%

Adjusted EBITDA margin – Non-GAAP 15.1% 15.7% 10.9% 12.0%

Investor PresentationFebruary 24, 2021

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