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Return on Invested Capital<br />

• Improve return on assets<br />

• Significant investments<br />

over past few years<br />

• Bucyrus<br />

• ERP<br />

• Branch network, CRCs, PDCs<br />

• Digesting and making<br />

these assets work<br />

• Improving working capital<br />

• Focus on asset performance<br />

by market segment and<br />

line of business<br />

• Target ROE consistently >18%<br />

%<br />

24<br />

21<br />

18<br />

15<br />

12<br />

9<br />

6<br />

3<br />

0<br />

Return on Equity<br />

2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 LTM*<br />

* Last twelve months ended September 30, 2012<br />

Periods prior to 2010 are adjusted to represent ROE under IFRS<br />

5

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