HYSTER-YALE, INC.

APPENDIX

35 RECONCILIATIONS Working capital percentage of sales, Return on total capital employed, Adjusted EBITDA, Adjusted operating profit (loss), Adjusted net income (loss), Net Debt and the ratio of Net Debt to Adjusted EBITDA are not measurements under U.S. GAAP, should not be considered in isolation or as a substitute for GAAP measures, and are not necessarily comparable with similarly titled measures of other companies. Hyster-Yale defines each as the following: • Adjusted operating profit (loss) is defined as operating profit (loss) plus restructuring and impairment charges. • Adjusted net Income (loss) is defined as net income (loss) plus restructuring and impairment charges. • Adjusted EBITDA in this investor presentation is provided solely as a supplemental disclosure with respect to operating results. Adjusted EBITDA does not represent net income (loss) or operating income (loss), as defined by U.S. GAAP, and should not be considered as a substitute for net income or net loss or operating profit or loss, or as an indicator of operating performance. The Company defines Consolidated Adjusted EBITDA as income (loss) before income taxes and noncontrolling interest plus net interest expense, depreciation and amortization expense and restructuring and impairment charges. The Company defines Adjusted EBITDA for the segments as operating profit (loss) plus, other income (expense), depreciation and amortization expense and restructuring and impairment charges. • Working capital percentage of sales is defined as net working capital divided by annualized revenues for the quarter and the annual revenue at year end. Net working capital is defined as accounts receivable, net, plus inventories, net, less accounts payable. • Return on total capital employed (“ROTCE”) is defined as net income (loss), as reported, plus interest expense, restructuring and impairment charges, after tax, divided by average capital employed. Average capital employed is defined as average stockholders’ equity plus average debt less average cash. • Net Debt is defined as debt less cash. Reconciliations to the most directly comparable U.S. GAAP measures are included in the following pages.

36 RECONCILIATIONS Q1 2026 Q1 2025 Operating profit (loss) (28.0) 21.3 Restructuring and impairment charges 1.6 0.2 Adjusted operating profit ($26.4) $21.5 Net income (loss) (30.5) 8.6 Restructuring and impairment charges 1.6 0.2 Income tax expense adjustment(2) (0.4) (0.1) Adjusted net income (loss) (29.3) 8.7 Q1 2026 LTM: Last Twelve Months as of 3/31/26. _____________________ (1) Tax adjustment at statutory rate of 26%. ($M) ($M) Year Ended December 31 Qtr. Qtr. Consolidated 2022 2023 2024 2025 Q1 2026 LTM 3/31/2026 3/31/2025 Reconciliation of Adjusted EBITDA Net income (loss) attributable to stockholders ($74.1) $125.9 $142.3 ($60.1) ($99.2) ($30.5) $8.6 Noncontrolling interest income (loss) and dividends 2.5 2.2 1.9 2.1 2.2 0.2 0.1 Income tax expense 9.2 52.9 74.8 15.1 5.2 (1.8) 8.1 Interest expense 28.4 37.3 33.8 31.2 30.7 7.2 7.7 Interest income (1.1) (2.6) (2.8) (2.7) (2.6) (0.6) (0.7) Depreciation and amortization expense 43.4 45.1 47.6 45.8 46.1 11.3 11 Restructuring and impairment charges(1) — — 22.6 38.4 39.8 1.6 0.2 Adjusted EBITDA $8.3 $260.8 $320.2 $69.8 $22.2 ($12.6) $35.0

37 WORKING CAPITAL PERCENTAGE OF SALES CALCULATION 2022 2023 2024 2025 Q1 2026 LTM* Accounts receivable $523.6 $497.5 $488.4 $489.6 $471.2 Inventory 799.5 815.7 754.3 634.3 643.8 Accounts payable (607.4) (530.2) (455.5) (401.2) (408.9) Net Working Capital(1) $715.7 $783.0 $787.2 $722.7 $706.1 Consolidated Revenue** $3,548.3 $4,118.3 $4,308.2 $3,769.3 $3,180.8 Net Working Capital as % of Revenue 20% 19% 18% 19% 22% *Q1 2026 LTM: Last Twelve Months as of 3/31/26; Q1 2025 LTM: Last Twelve Months as of 3/31/25. Revenue for Q1 2026 is annualized _____________________ (1) Net working capital is equal to accounts receivable, net, plus inventories, net, less accounts payable Consolidated ($M) 2022 2023 2024 2025 Q1 2026 LTM Q1 2025 LTM Reconciliation of Adjusted EBITDA Debt $552.9 $494.0 $440.7 $494.3 $505.3 $484.0 Cash 59.0 78.8 96.6 123.2 81.8 77.2 Net Debt $493.9 $415.2 $344.1 $371.1 $423.5 $406.8 LTM Net Income (Loss) ($74.1) $125.9 $142.3 ($60.1) ($99.2) $99.4 LTM Adjusted EBITDA $8.3 $260.8 $320.2 $69.8 $22.2 $258.8 Debt/Net Income (Loss) (7.5) 3.9 3.1 (8.2) (5.1) 4.9 Net Debt/Adjusted EBITDA 59.5 1.6 1.1 5.3 19.1 1.6 RECONCILIATION OF NET DEBT TO ADJUSTED EBITDA

38 RECONCILIATION OF ROTCE ($M) 2022(1) 2023(1) 2024(1) 2025(1) Q1 2026 LTM(1) Average Stockholders' Equity $241.9 $288.9 $454.4 $507.6 $498.6 Average Debt $535.2 $532.2 $476.0 $472.0 $484.9 Average Cash ($66.8) ($69.3) ($75.9) ($87.0) ($84.0) Average capital employed 710.3 751.8 854.5 892.6 899.5 Net Income (Loss) (74.1) 125.9 142.3 (60.1) (99.2) Plus: Interest Expense, net 27.3 34.7 31 28.5 28.1 Plus: Restructuring and impairment charges — — 22.6 38.4 39.8 Less: Income taxes on restructuring and impairment charges, net — — (5.9) (10.0) (10.4) Less: Income taxes on interest expense, net(2) (6.8) (8.7) (8.1) (7.4) (7.2) Actual return on capital employed = actual net income (loss) before interest expense, net, after tax ($53.6) $151.9 $181.9 ($10.6) ($48.9) Actual return on total capital employed percentage(3) (7.5%) 20.2% 21.3% (1.2%) (5.4%) _____________________ (1) Average stockholders' equity, debt and cash are calculated using the quarter ends and year ends of each respective year. (2) Tax rate used is the Company's target U.S. marginal tax rate. Rates used were 26% for 2024, 2025 and 2026 and 25% for 2022 and 2023. (3) Return on total capital employed is provided solely as a supplemental disclosure with respect to income generation because management believes it provides useful information with respect to earnings in a form that is comparable to the Company's cost of capital employed, which includes both equity and debt securities, net of cash.