USING INNOVATION AND VELOCITY TO BUILD A REAL ADVANTAGEOn March 4, 2016, Manitowoc became a stand-alone crane company after spinning off its foodservice business.

We are a leading global crane manufacturer with well-known brands. Our new leadership team is transforming the company to capitalize on market opportunities by using “The Manitowoc Way” as its Lean operating model and the foundation of our four-part strategic priorities; Margin Expansion, Growth, Innovation, and Velocity.

Using our competitive advantages and growth strategies to leverage market opportunities, we expect to meet these goals:

How The Manitowoc Way Increases Value

2016 Full-Year Guidance

The triangle represents The Manitowoc Way. We get close to customers and understand their needs, so they buy our cranes for the value they create. Shareholders see this economic opportunity and provide the capital for us to engineer, manufacture and sell cranes.

Employees use this investment to apply their skills and commitment to satisfying customers.

Customers

Shareholders Employees

Velocity Innovation

1.  Margin Expansion

2.  Growth

3.  Innovation

4.  Velocity

THE MANITOWOC COMPANY FACT SHEETSecond Quarter - 2016

1. Margin Expansion2. Growth3. Innovation4. Velocity

Customers

EmployeesShareholders

Comm

itmentPe

rcei

ved

Value

Resources

Velocity

Innovation

Net Sales down approximately

10% to 12%

Adjusted operating margins

approximately 1% to 2%

Depreciation between

$45 - $50 million

Amortization expense between

$3 - $4 million

Capital expenditures approximately

$45 - $50 million

$ $ $

Tower Cranes: Generating strong volumes and gaining significant market share.

Mobile Cranes: Seeing targeted market share gains in specific product lines (rough-terrain segment) globally.

$

City-class tower cranes

HUP 32-27 GRT8100

CAPITALIZING ON OUR COMPETITIVE ADVANTAGESThese characteristics distinguish Manitowoc in the crane industry.

Offering Market-Leading BrandsWe have the most diversified product line in the industry. There is very strong allegiance to our well-known brands, which hold a leading market position in these categories: mobile telescopic cranes, lattice boom crawlers and tower cranes.

Capex & % of Sales Free Cash Flow & % Conversion

$21

$52 $53

$69

$57$52

1.2%2.4% 2.2% 2.8% 2.5% 2.8%

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%

30.0%

$-

$20

$40

$60

$80

$100

$120

$140

2010 2011 2012 2013 2014 2015

Capex %ofSales

$129 $120$161

$196$152

$5886.2%69.7% 75.4% 73.9% 72.7%

52.9%0.0%

50.0%

100.0%

150.0%

200.0%

250.0%

300.0%

0

50

100

150

200

250

300

350

400

450

500

2010 2011 2012 2013 2014 2015

FCF %Conversion

We use Lean principles to rigorously manage our capital allocation; balancing our operational, innovation and growth needs while demonstrating stable cash flow in dynamic market conditions.

Generating Solid Cash Flow

Reaching Diverse Markets and CustomersWe have manufacturing, distribution, and service facilities in 20 countries. This extensive network enables us to serve customers globally, in emerging and mature markets, and drives a profitable crane aftermarket business.

FACT SHEETSecond Quarter - 2016

2

2015 Geographic Exposure

2015 End Market Exposure

2015 Overall Customer Mix

2016 Q2Revenue by Product

High-Capacity Lattice Boom Crawlers

Top-Slewing / Self-Erecting Tower Cranes

Rough-Terrain Cranes

Boom Trucks All-Terrain

Cranes

Margin Expansion

STRATEGIC PRIORITIES

3

Growth

FACT SHEETSecond Quarter - 2016

Customers

EmployeesShareholders

Comm

itmentPe

rcei

ved

Value

Resources

Velocity

Innovation

VelocityInnovation

The Manitowoc Way is transforming our company culture about Lean: doing more with less, and being nimble in quickly meeting our customers’ needs. This includes holding The Manitowoc Way summits with employees throughout the year. These combine classroom training with immediate hands-on shop floor experience, which increases employee understanding, buy-in and adoption. In addition, we are using Lean to significantly reduce the number of days it takes us to complete an activity—from design through manufacturing.

Those activities also enable us to strengthen our balance sheet and reduce the amount of spin-off debt we incurred. Working capital management will improve as we also use Lean to reduce the amount of inventory needed in our business.

Our focus is to create products that increase a customer’s return on invested capital (ROIC). For instance, we’re introducing cranes with the flexibility to do a wider variety of lifts. That means customers need fewer pieces of equipment and get a better ROIC with Manitowoc cranes.

We’re also reinvigorating our product development process. One example is our 10-person team collaborating with customers to develop a next-generation crane in six months. The product is designed to meet changing needs in the market and offer the features customers request, such as class-leading capacity and a longer boom.

This—and other cranes we’re designing or redesigning—will benefit from state-of-the-art manufacturing processes that minimize cost, such as robotic welding. We also are standardizing components across product lines, such as using common control systems. That means operators only need to be trained on one system to operate many different types of cranes.

To regain market share, we are focused on designing quality and reliability not only into our products, but also into our process for manufacturing cranes.

Our global distribution network provides industry-leading customer service around the globe. We support these professionals with a factory and dealer sales training program.

This is enhanced by our: 1) Crane Care services support to maximize equipment uptime.

2) Manitowoc Finance, which provides flexible and affordable financing.

3) Manitowoc Lift Solutions, which helps customers with unique applications for their cranes.

4) CraneSTAR, which gives customers access to data to better manage their fleets.

We will right size our headcount and global manufacturing footprint to match our market opportunity. We announced our intent to relocate our crawler crane manufacturing operations from Manitowoc, Wisconsin to Shady Grove, Pennsylvania, to optimize our manufacturing footprint, reduce costs and expand margins. This initiative will increase operational efficiency and allow us to reallocate resources to invest in profitable growth. The transition will begin in the third quarter with completion anticipated by the middle of 2017. In total, this initiative is expected to generate annualized pre-tax cost savings of $25-30 million.

Additionally, by driving Lean principles into every area of manufacturing, we are increasing the agility and productivity of our plants.

That means we can:1) Capitalize the business for the trough of the cycle, and still earn the returns that shareholders deserve.

2) Use Lean to increase our flexibility as the cycle improves. To deliver higher value to our customers, we use value-added engineering to lower the product costs in our cranes, combined with rationalized product lines.

PERFORMING THROUGHOUT THE CYCLEA Broad Product Line Promotes Consistent Performance...

Leading to Significant Revenue and EBITDA During Upturns

This fact sheet includes "forward-looking statements" intended to qualify for the safe harbor from liability under the Private Securities Litigation Reform Act of 1995. Any statements here that are not historical facts are forward-looking statements. Forward-looking statements only speak as of the date on which they are made. Information on the potential factors that could affect the company's actual results of operations is included in its filings with the Securities and Exchange Commission, including but not limited to its Annual Report on Form 10-K for the fiscal year ended December 31, 2015.

For More Information

Ion M. WarnerVice President, Marketing and Investor Relations717-593-5266

Ion.Warner@manitowoc.com

David J. AntoniukSenior Vice President & Chief Financial Officer920-652-1769

David.Antoniuk@manitowoc.com

The Manitowoc Company, Inc.P.O. Box 66Manitowoc, Wisconsin 54221-0066www.manitowoc.com

Revenue EBITDA & Margin

$1,708

$2,135

$2,427 $2,506$2,305

$1,862

2010 2011 2012 2013 2014 2015

Revenue

$149

$172

$214

$266

$210

$1108.7% 8.1% 8.8%

10.6%9.1%

5.9%

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%

30.0%

$-

$50

$100

$150

$200

$250

$300

2010 2011 2012 2013 2014 2015

EBITDA %Margin

Equity Research CoverageFirm Analyst Phone

BarclaysRobert WertheimerRobert.wertheimer@barclays.com

804-782-8769

CitiTim TheinTimothy.thein@citi.com

212-816-6706

Credit Suisse SecuritiesJamie Cookjamie.cook@creditsuisse.com 212-538-6098

Deutsche Bank Securities Nicole DeBlasenicole.deblase@db.com 212 250-5916

Goldman Sachs & CompanyJerry Revichjerry.revich@gs.com

212-902-4116

Jefferies & CompanyStephen Volkmannsvolkmann@jefferies.com

212-264-2031

J.P. Morgan SecuritiesAnn Duignanann.duignan@jpmorgan.com

212-622-0381

Macquarie ResearchSameer Rathodsameer.rathod@macquarie.com

212-618-7545

RBC Capital Markets Seth Weberseth.weber@rbccm.com

212-618-7545

Robert W. Baird & Co. Mig Dobremdobre@rwbaird.com

414-298-6138

Seaport Global SecuritiesMichael Shliskymshlisky@seaportglobal.com

646-264-5607

Stifel NicolausStanley Elliottelliotts@stifel.com

804-727-6364

SunTrust Robinson Humphrey

Charles BradyCharles.brady@suntrust.com

404-926-5563

UBS SecuritiesSteven Fishersteven.fisher@ubs.com

212-713 8634

William Blair & CompanyLawrence De Marialdemaria@williamblair.com

212-237-2753

Including this list does not indicate any endorsement of analyst projections or opinions.

FACT SHEETSecond Quarter - 2016

4

839

775

761

931

944

976

756

776

726

568

574

842

728

716

738

770

731

631

513

502

394

0

200

400

600

800

1000

1200

1Q-11 2Q-11 3Qr-11 4Q-11 1Q-12 2Q-12 3Q-12 4Q-12 1Q-13 2Q-13 3Q-13 4Q-13 1Q-14 2Q-14 3Q-14 4Q-14 1Q-15 2Q-15 3Q-15 4Q-15 1Q-16 2Q-16

HistoricalQuarterlyBacklog($mm)

839

775

761

931

944

976

756

776

726

568

574

842

728

716

738

770

731

631

513

502

394

0

200

400

600

800

1000

1200

1Q-11 2Q-11 3Qr-11 4Q-11 1Q-12 2Q-12 3Q-12 4Q-12 1Q-13 2Q-13 3Q-13 4Q-13 1Q-14 2Q-14 3Q-14 4Q-14 1Q-15 2Q-15 3Q-15 4Q-15 1Q-16 2Q-16

HistoricalQuarterlyBacklog($mm)

1.10.9

1.0

1.3

1.0 1.1

0.7

1.00.9

0.7

1.0

1.6

0.81.0 1.0 1.1

0.90.8 0.8

1.0

0.8

0.0

0.2

0.4

0.6

0.8

1.0

1.2

1.4

1.6

1.8

2Q-11 3Q-11 4Q-11 1Q-12 2Q-12 3Q-12 4Q-12 1Q-13 2Q-13 3Q-13 4Q-13 1Q-14 2Q-14 3Q-14 4Q-14 1Q-15 2Q-15 3Q-15 4Q-15 1Q-16 2Q-16

BooktoBillRa7o

1.10.9

1.0

1.3

1.0 1.1

0.7

1.00.9

0.7

1.0

1.6

0.81.0 1.0 1.1

0.90.8 0.8

1.0

0.8

0.0

0.2

0.4

0.6

0.8

1.0

1.2

1.4

1.6

1.8

2Q-11 3Q-11 4Q-11 1Q-12 2Q-12 3Q-12 4Q-12 1Q-13 2Q-13 3Q-13 4Q-13 1Q-14 2Q-14 3Q-14 4Q-14 1Q-15 2Q-15 3Q-15 4Q-15 1Q-16 2Q-16

BooktoBillRa7o

Market Information(June 30, 2016)

Exchange/Symbol NYSE:MTW

Price $5.45

Four-Month Range $4.04 - $6.05

Second Quarter Adjusted EPS*

$0.04

Book Value per Share $5.48

Price to Book Value 1.00X

Average Shares Outstanding 137.1 million

Market Capitalization $747.2 million

Average Daily Volume 3.4 million

* Excluding early extinguishment of debt, restructuring, and one-time tax items

Key RatiosThree months ended June 30,

2016 2015

Operating Margin 3.2% 3.2%

Debt-to-Equity 0.4X 1.9X

Debt-to-Capitalization 27% 66%

12-Month Adjusted EBITDA (millions)

$111.8 N/A