Oshkosh Corporation reported strong financial results for the fourth quarter and full fiscal year 2017. For the quarter, net sales increased 11.8% to $1.96 billion and adjusted EPS rose 31.4% to $1.38. All segments achieved sales growth for the quarter led by the defense segment. For the full fiscal year, the company expects net sales between $6.9-7.1 billion and adjusted EPS of $4.25-$4.65, driven by continued growth in the defense, fire & emergency, and access equipment segments. The company also announced a 14% increase to its quarterly dividend.

1. MOVING THE WORLD AT WORK
Fourth Quarter Fiscal 2017
October 31, 2017
Wilson R. Jones
President and Chief Executive Officer
David M. Sagehorn
Executive Vice President
and Chief Financial Officer
Patrick N. Davidson
Senior Vice President, Investor Relations
Oshkosh Corporation
(NYSE:OSK)

2. Forward-Looking Statements
This presentation contains statements that the Company believes to be “forward-looking statements” within the meaning of the Private
Securities Litigation Reform Act of 1995. All statements other than statements of historical fact, including, without limitation, statements
regarding the Company’s future financial position, business strategy, targets, projected sales, costs, earnings, capital expenditures, debt levels
and cash flows, and plans and objectives of management for future operations, are forward-looking statements. When used in this
presentation, words such as “may,” “will,” “expect,” “intend,” “estimate,” “anticipate,” “believe,” “should,” “project” or “plan” or the negative
thereof or variations thereon or similar terminology are generally intended to identify forward-looking statements. These forward-looking
statements are not guarantees of future performance and are subject to risks, uncertainties, assumptions and other factors, some of which are
beyond the Company’s control, which could cause actual results to differ materially from those expressed or implied by such forward-looking
statements. These factors include the cyclical nature of the Company’s access equipment, commercial and fire & emergency markets, which
are particularly impacted by the strength of U.S. and European economies and construction seasons; the Company’s estimates of access
equipment demand which, among other factors, is influenced by customer historical buying patterns and rental company fleet replacement
strategies; the strength of the U.S. dollar and its impact on Company exports, translation of foreign sales and purchased materials; the
expected level and timing of U.S. Department of Defense (DoD) and international defense customer procurement of products and services and
acceptance of and funding or payments for such products and services; risks related to reductions in government expenditures in light of U.S.
defense budget pressures, sequestration and an uncertain DoD tactical wheeled vehicle strategy; the impact of any DoD solicitation for
competition for future contracts to produce military vehicles, including a future Family of Medium Tactical Vehicles production contract; the
Company’s ability to increase prices to raise margins or offset higher input costs; increasing commodity and other raw material costs,
particularly in a sustained economic recovery; risks related to facilities expansion, consolidation and alignment, including the amounts of
related costs and charges and that anticipated cost savings may not be achieved; projected adoption rates of work at height machinery in
emerging markets; the impact of severe weather or natural disasters that may affect the Company, its suppliers or its customers; risks related
to the collectability of receivables, particularly for those businesses with exposure to construction markets; the cost of any warranty campaigns
related to the Company’s products; risks associated with international operations and sales, including compliance with the Foreign Corrupt
Practices Act; the Company’s ability to comply with complex laws and regulations applicable to U.S. government contractors; cybersecurity
risks and costs of defending against, mitigating and responding to data security threats and breaches; and risks related to the Company’s
ability to successfully execute on its strategic road map and meet its long-term financial goals. Additional information concerning these and
other factors is contained in the Company’s filings with the Securities and Exchange Commission, including the Form 8-K filed today. All
forward-looking statements speak only as of the date of this presentation. The Company assumes no obligation, and disclaims any obligation,
to update information contained in this presentation. Investors should be aware that the Company may not update such information until the
Company’s next quarterly earnings conference call, if at all.
October 31, 2017OSK Fourth Quarter 2017 Earnings Call 2

3. Q4 Drove Strong Finish to FY17
 Q4 adjusted EPS* of $1.38
 Q4 results exceeded
expectations
 Sales growth in all four segments
 Higher backlogs in all
non-defense segments
 Announced 14% dividend
increase effective November 16
Net Sales
(billions)
Adjusted EPS*
3
OSK Fiscal Q4 Performance
October 31, 2017OSK Fourth Quarter 2017 Earnings Call
$1.05
$1.38
$0.00
$0.20
$0.40
$0.60
$0.80
$1.00
$1.20
$1.40
$1.60
FY16 FY17
$1.76
$1.96
$0.0
$0.2
$0.4
$0.6
$0.8
$1.0
$1.2
$1.4
$1.6
$1.8
$2.0
$2.2
$2.4
FY16 FY17
* Non-GAAP results. See appendix for reconciliation to GAAP results.

4. OSK Full Year Performance
Impressive Performance During 100th Year
 Access equipment, defense
and fire & emergency
segments all achieved full
year adjusted operating
income* margin ≥10%
 People First culture maturing
 Focus on simplifying our
businesses
 Announcing full year FY18
adjusted EPS* estimate range
of $4.25 to $4.65
* Non-GAAP results. See Appendix for reconciliation to GAAP results.
4October 31, 2017OSK Fourth Quarter 2017 Earnings Call
Net Sales
(billions)
Adjusted EPS*
$3.14
$4.25
$0.00
$0.50
$1.00
$1.50
$2.00
$2.50
$3.00
$3.50
$4.00
$4.50
$5.00
FY16 FY17
$6.3
$6.8
$0.0
$1.0
$2.0
$3.0
$4.0
$5.0
$6.0
$7.0
$8.0
FY16 FY17

5. Access Equipment
 Strong close to FY17 – full year
results higher than expected
 Customer sentiment and demand
remain solid in North America
− Metrics support positive outlook
 Generally positive U.S. construction
trends
 Positive outlook for international
markets in FY18
 Restructuring activities on track to
achieve targeted improvements
 Expecting to grow in FY18
October 31, 2017OSK Fourth Quarter 2017 Earnings Call 5

6. Defense  Strong results driven by JLTV ramp
and international shipments
 JLTV program on track
‒ Pleased with results during
government testing and evaluation
activities
− International interest is growing
 Strong backlog supports FY18
outlook
 FMTV recompete winner expected to
be announced in Q2 FY18
 U.S. operating under Continuing
Resolution
− Not expected to impact segment in
FY18, but FY19 could be impacted if
budget delays persist
October 31, 2017OSK Fourth Quarter 2017 Earnings Call 6

7. Fire & Emergency
 Achieved >10% full year operating
income margin
− Earlier than anticipated
− Disciplined commitment to
simplification
 U.S. fire apparatus market stable in
FY17 compared to FY16
− Aging fleets and solid municipal tax
receipts support positive outlook
 Solid Q4 international contribution
and positive outlook
− China 5-yr Plan targets 260
international airports by 2020
October 31, 2017OSK Fourth Quarter 2017 Earnings Call 7

8. Commercial
 Q4 results in line with expectations
 Committed to improved performance
− Driving lasting change through
simplification activities
− Time needed to translate into
meaningfully better financial results
 U.S. RCV market grew in FY17
− Now above pre-recession levels
 U.S. concrete mixer market remains
well below pre-recession levels
− Fleets continue to age
 Positive longer-term market outlook
October 31, 2017OSK Fourth Quarter 2017 Earnings Call 8

9. Consolidated Results
 Sales impacted by:
+ Higher sales in all segments, led
by defense
 Adjusted EPS* impacted by:
+ Higher defense and fire &
emergency segment operating
income
+ Lower tax rate
− Higher incentive compensation
(Dollars in millions, except per share amounts)
Fourth Quarter
Net Sales $1,963.0 $1,755.4
% Change 11.8% 11.2%
Adjusted Operating
Income* $150.0 $123.3
% Change 21.7% 37.7%
% Margin 7.6% 7.0%
Adjusted EPS* $1.38 $1.05
% Change 31.4% 56.7%
2017 2016
October 31, 2017OSK Fourth Quarter 2017 Earnings Call 9
Q4 Comments
* Non-GAAP results. See appendix for reconciliation to GAAP results.

10. FY18 Expectations
10
 Revenues of $6.9 to $7.1 billion
 Adjusted operating income* of $515 million to $565 million
 Adjusted EPS* of $4.25 to $4.65
Additional expectations
 Corporate expenses of ~$150 million
 Adjusted tax rate* of ~30.5%
 CapEx of ~$100 million
 Free Cash Flow* of ~$350 million
 Assumes share count of ~76.0 million
Segment information
Measure Access
Equipment Defense Fire &
Emergency Commercial
Sales
(billions)
$3.1 - $3.2 ~ $1.8 – $1.85 ~ $1.1 $0.95 - $0.975
Adj. Operating
Income Margin
10.5% - 11.0%* 9.5% - 9.75% 10.5% - 11.0% 5.75% - 6.25%
OSK Fourth Quarter 2017 Earnings Call October 31, 2017
* Non-GAAP results. See appendix for reconciliation to GAAP results.
Q1 Commentary
 Expect higher yr/yr sales and adjusted
earnings driven by defense segment
 Higher access equipment segment sales;
incremental margins adversely impacted by
higher material costs

11. For information
contact:
Patrick N. Davidson
Senior Vice President,
Investor Relations
(920) 966-5939
pdavidson@oshkoshcorp.com
Jeffrey D. Watt
Director, Investor Relations
(920) 233-9406
jwatt@oshkoshcorp.com
October 31, 2017OSK Fourth Quarter 2017 Earnings Call 11

12. Appendix: Access Equipment
October 31, 2017OSK Fourth Quarter 2017 Earnings Call 12
Net Sales $833.8 $775.8
% Change 7.5% 0.8%
Adjusted Operating
Income* $77.9 $73.0
% Change 6.7% 23.7%
% Margin 9.3% 9.4%
Fourth Quarter
2017 2016
(Dollars in millions)
 Sales impacted by:
+ Higher aerial work platform and
telehandler sales
 Adjusted operating income*
impacted by:
+ Higher sales volume
+ Favorable mix
− Higher material costs
− Higher incentive compensation
 Backlog up 152.2% vs. prior
year to $452 million
Q4 Comments
* Non-GAAP results. See appendix for reconciliation to GAAP results.

13. Appendix: Defense
Net Sales $596.8 $471.8
% Change 26.5% 48.5%
Operating Income $73.0 $52.4
% Change 39.3% 183.4%
% Margin 12.2% 11.1%
Fourth Quarter
(Dollars in millions)
2017 2016
October 31, 2017OSK Fourth Quarter 2017 Earnings Call 13
 Sales impacted by:
+ Ramp-up of JLTV program
+ M-ATV international sales
 Operating income impacted by:
+ Higher sales volume
 Backlog down 10.6% vs. prior
year to $2.1 billion
Q4 Comments

14. Appendix: Fire & Emergency
 Sales impacted by:
+ Improved pricing
+ Higher content units
 Operating income impacted by:
+ Improved pricing
+ Improved labor performance
− Higher incentive compensation
 Backlog up 9.2% vs. prior year
to $932 million
October 31, 2017OSK Fourth Quarter 2017 Earnings Call 14
Net Sales $278.0 $256.9
% Change 8.2% 4.7%
Operating Income $34.6 $22.3
% Change 55.2% (5.8)%
% Margin 12.4% 8.7%
Fourth Quarter
2017 2016
(Dollars in millions)
Q4 Comments

15. Appendix: Commercial
October 31, 2017OSK Fourth Quarter 2017 Earnings Call 15
Net Sales $259.9 $254.3
% Change 2.2% 0.6%
Operating Income $11.6 $17.7
% Change (34.5)% (15.9)%
% Margin 4.5% 7.0%
Fourth Quarter
2017 2016
(Dollars in millions)
 Sales impacted by:
+ Higher concrete mixer volume
− Lower package (third party
chassis) sales
 Operating income impacted by:
− Adverse product mix
− Warranty campaign
 Backlog up 85.2% vs. prior year
to $321 million
Q4 Comments

16. October 31, 2017OSK Fourth Quarter 2017 Earnings Call 16
Appendix:
Non-GAAP to GAAP Reconciliation
• The table below presents a reconciliation of the Company’s presented non-GAAP measures to the most directly
comparable GAAP measures (in millions, except per share amounts):
2017 2016 2017 2016
Adjusted earnings per share-diluted (non-GAAP) 1.38$ 1.05$ 4.25$ 3.14$
Long-lived asset impairment charge, net of tax - (0.22) - (0.22)
Restructuring-related costs, net of tax (0.15) (0.01) (0.48) (0.01)
Earnings per share-diluted (GAAP) 1.23$ 0.82$ 3.77$ 2.91$
Adjusted consolidated operating income (non-GAAP) 150.0$ 123.3$ 506.3$ 391.8$
Long-lived asset impairment charge - (26.9) - (26.9)
Restructuring-related costs (15.5) (0.9) (43.3) (0.9)
Consolidated operating income (GAAP) 134.5$ 95.5$ 463.0$ 364.0$
Adjusted access equipment segment operating income (non-GAAP) 77.9$ 73.0$ 302.4$ 291.2$
Long-lived asset impairment charge - (26.9) - (26.9)
Restructuring-related costs (15.5) (0.9) (43.3) (0.9)
Access equipment segment operating income (GAAP) 62.4$ 45.2$ 259.1$ 263.4$
Three Months Ended
September 30,
Fiscal Year Ended
September 30,

17. October 31, 2017OSK Fourth Quarter 2017 Earnings Call 17
Appendix:
Non-GAAP to GAAP Reconciliation
• The table below presents a reconciliation of the Company’s presented non-GAAP measures to the most directly
comparable GAAP measures (in millions):
Fiscal Year Ended
September 30, 2017
Net cash flows provided by operating activities 246.5$
Additions to property, plant and equipment (85.8)
Proceeds from sale of equipment held for rental, net of additions 22.1
Free cash flow 182.8$

18. October 31, 2017OSK Fourth Quarter 2017 Earnings Call 18
Appendix:
Non-GAAP to GAAP Reconciliation
• The table below presents a reconciliation of the Company’s presented non-GAAP measures to the most directly
comparable GAAP measures (in millions, except per share amounts):
Low High
Adjusted earnings per share-diluted (non-GAAP) 4.25$ 4.65$
Restructuring-related costs, net of tax (0.05) (0.05)
Earnings per share-diluted (GAAP) 4.20$ 4.60$
Adjusted consolidated operating income (non-GAAP) 515.0$ 565.0$
Restructuring-related costs (5.0) (5.0)
Consolidated operating income (GAAP) 510.0$ 560.0$
Adjusted access equipment operating income margin (Non-GAAP) 10.5% 11.0%
Restructuring-related costs (0.2%) (0.2%)
Access equipment operating income margin (GAAP) 10.3% 10.8%
September 30, 2018 Expectations
Fiscal Year Ended

19. October 31, 2017OSK Fourth Quarter 2017 Earnings Call 19
Appendix:
Non-GAAP to GAAP Reconciliation
• The table below presents a reconciliation of the Company’s presented non-GAAP measures to the most directly
comparable GAAP measures:
Fiscal 2018
Expectations
Net cash flows provided by operating activities 450.0$
Additions to property, plant and equipment (100.0)
Free cash flow 350.0$
Adjusted effective income tax rate (Non-GAAP) 30.5%
Impact of restructuring-related costs on effective income tax rate (0.2%)
Effective income tax rate (GAAP) 30.3%

20. Appendix: Commonly Used Acronyms
October 31, 2017OSK Fourth Quarter 2017 Earnings Call 20
ARFF Aircraft Rescue and Firefighting LVSR Logistic Vehicle System Replacement
AWP Aerial Work Platform M-ATV MRAP All-Terrain Vehicle
AMPS Aftermarket Parts & Service MRAP Mine Resistant Ambush Protected
CapEx Capital Expenditures MSVS Medium Support Vehicle System (Canada)
CNG Compressed Natural Gas NOL Net Operating Loss
DGE Diesel Gallon Equivalent NPD New Product Development
DoD Department of Defense NRC National Rental Company
EMD Engineering & Manufacturing Development OCO Overseas Contingency Operations
EMEA Europe, Middle East & Africa OH Overhead
EPS Diluted Earnings Per Share OI Operating Income
FAST Act Fixing America’s Surface Transportation Act OOS Oshkosh Operating System
FDIC Fire Department Instructors Conference OPEB Other Post-Employment Benefits
FHTV Family of Heavy Tactical Vehicles PLS Palletized Load System
FMS Foreign Military Sales PUC Pierce Ultimate Configuration
FMTV Family of Medium Tactical Vehicles R&D Research & Development
GAAP U.S. Generally Accepted Accounting Principles RCV Refuse Collection Vehicle
GAO Government Accountability Office RFP Request for Proposal
HEMTT Heavy Expanded Mobility Tactical Truck ROW Rest of World
HET Heavy Equipment Transporter SMP Standard Military Pattern (Canadian MSVS)
HMMWV High Mobility Multi-Purpose Wheeled Vehicle TACOM Tank-automotive and Armaments Command
IRC Independent Rental Company TDP Technical Data Package
IT Information Technology TPV Tactical Protector Vehicle
JLTV Joint Light Tactical Vehicle TWV Tactical Wheeled Vehicle
JPO Joint Program Office UCA Undefinitized Contract Action
JROC Joint Requirements Oversight Council UIK Underbody Improvement Kit (for M-ATV)
JUONS Joint Urgent Operational Needs Statement UK United Kingdom
L-ATV Light Combat Tactical All-Terrain Vehicle ZR Zero Radius
LRIP Low Rate Initial Production