DEERE Investor Presentation Aug Sep With Bookmarks

John Deere
Committed to Those
Linked to the Land
Investor Presentation
Deere & Company
August / September 2016
Safe Harbor Statement & Disclosures

This presentation includes forward-looking comments subject to important risks
and uncertainties. It may also contain financial measures that are not in
conformance with accounting principles generally accepted in the United States
of America (GAAP).
Refer to Deeres reports filed on Forms 8-K (current), 10-Q (quarterly), and
10-K (annual) for information on factors that could cause actual results to differ
materially from information in this presentation and for information reconciling
financial measures to GAAP. Past performance may not be representative of
future results.
Guidance noted in the following slides was effective as of the companys most
recent earnings release and conference call (19 August 2016). Nothing in this
presentation should be construed as reaffirming or disaffirming such guidance.
This presentation is not an offer to sell or a solicitation of offers to buy any of
Deeres securities.
| Deere & Company
Table of Contents
Slide
John Deere Strategy
Use-of-Cash
14
Global Markets
19
John Deere Financial Services
31
Market Fundamentals
38
Appendix
46
| Deere & Company
John Deere
Strategy
The John Deere Strategy

*
* SVA: Shareholder Value Added
| Deere & Company

Adapting to Win
Markets worth winning

Best-in-industry integrated solutions
Industry-leading innovation
Distinctive product quality
Developing global talent
| Deere & Company

Foundational Success Factors
Exceptional Operating Performance - Equipment Operations

15.7% OROA* in 2015
35%
2013
30%
2014
2007
2010
25%
2011
2004
2006
20%
2005
2009
12%
10%
2003
12% OROA (SVA** Neutral)
2002
5%
0%
2001
-5%
80%
Low
100%
Normal
% of Normal Volume
* OROA: Operating Return on Operating Assets

** SVA: Shareholder Value Added
Note: For reconciliation to GAAP see SVA* Reconciliation to GAAP slide in Appendix
| Deere & Company
28%
20%
2015
15%
2012
2008
120%
High

Exceptional Operating Performance - Equipment Operations

Higher Net Cash Flow, More Consistently
5,000
Adoption of SVA* Model

4,500
4,000
Sale of Trade Receivables to

John Deere Financial
$ Millions
3,500
3,000
2,500
2,000
1,500
1,000
500
0
1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Over $8 billion in Pension/OPEB contributions, 2001-2015

| Deere & Company

Disciplined SVA* Growth - Equipment Operations

SVA Journey, 1993 - 2015
3,600
Adoption of SVA Model
3,200
2,800
2,400
SVA ($ Millions)
2,000
1,600
1,200
800
400
0
-400
-800
-1,200
-1,600
1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

Note: For reconciliation of SVA to GAAP, please see SVA* Reconciliation to GAAP slide in Appendix
| Deere & Company
Asset Management
Dramatic Reduction in Asset Intensity

Avoided ~ $5.6 billion in working capital in 2015 vs. 1998
Receivable level in 2015 lower than 1998, with over 2x the sales
Quarterly Receivables & Inventory as a % of Previous 12 Months Sales
Trade Receivables and Net Sales
60%
$30,000
55%
$25,000
Current Year
50%
Prior Year
$20,000
$ Millions
45%
40%
35%
$15,000
$10,000
30%
$5,000
25%
20%
$0
2002
2004
2006
2008
2010
* Through 3rd Quarter 2016
10 | Deere & Company
2012
2014
2016*
Trade Receivables
2015
Net Sales
1998
Productivity Improvement
~ 5% CAGR over 30 Years
Net Sales and Revenues per Employee

$700
$600
$ Thousands
$500
$400
$300
$200
$100
$0
1987
1989
1991
1993
1995
1997
1999
2001
2003
2005
2007
2009
2011
2013
2015
Investment in New Products and Technologies

R&D as Percent of Net Sales
$1,600
6.00%
$1,400
5.00%
$1,200
4.00%
$1,000
$800
3.00%
$600
2.00%
$400
1.00%
$200
0.00%
$0
2001
2002
2003
2004
2005
Deere R&D $
Deere %
Source: Deere & Company and competitor SEC filings
2006
2007
2008
2009
2010
2011
Competitor A %
2012
2013
2014
2015
Competitor B %
Net Sales by Product Category
Equipment Operations - Fiscal Year 2015
Agriculture & Turf $19.8B
Construction & Forestry $6.0B

Commercial
Worksite
Products
Turf
Other
Large Ag
Forestry
Small Ag
Construction
Use-of-Cash
Deere Use-of-Cash Priorities

Cash from Operations
Committed to A Rating
Fund Operating and Growth Needs
Manage the balance sheet, including liquidity, to support a rating

that provides access to low-cost and readily available short- and
long-term funding mechanisms
Reflects the strategic nature of our financial services operation
Fund value-creating investments in our businesses
Common Stock Dividend
Consistently and moderately raise dividend targeting a 25%35% payout ratio of mid-cycle earnings
Share Repurchase
Consider share repurchase as a means to deploy excess cash

to shareholders, once above requirements are met and
repurchase is viewed as value-enhancing
Deere Quarterly Dividends Declared*

Q1 2003 Q3 2016
$0.70
$0.60
$0.60
$0.51
$0.50
$0.46
$0.41
$0.40
$0.35
$0.28
$0.30
Dividend raised 114%

since launch of the
revised John Deere
Strategy in 2010**
$0.25
$0.20
$0.20
$0.14
$0.10
$0.30
$0.22
$0.16
$0.11
$0.00
2003
2004
2005
2006
2007
2008
* Adjusted for 2 for 1 stock split on 26 November 2007

** See slide 5 for John Deere Strategy
2009
2010
2011
2012
2013
2014
2015
2016
Share Repurchase
Cumulative cost of repurchases 2004-3Q2016:
~ $16.4 billion
Amount remaining on December 2013 authorization of $8 billion:

31 July 2016 period ended basic shares:
3Q2016 average diluted shares:
Shares repurchased 2004-3Q2016:
Average repurchase price 2004-3Q2016:
~ $3.3 billion
~ 314.4 million
~ 315.7 million
~ 245.0 million
$66.96
40.0
~37% Net Share Reduction 2004-3Q2016
35.0
$2.5
30.0
$2.0
25.0
20.0
$1.5
15.0
$1.0
10.0
$0.5
5.0
$0.0
0.0
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
YTD
Shares Repurchased
* All shares adjusted for two-for-one stock split effective 26 November 2007
$3.0
Amount Spent
$ Billions
Shares Repurchased* (in millions)
As Part of Publicly Announced Plans
Sources and Uses of Cash Fiscal 20042015

Equipment Operations
$39,000
$953
$36,000
= Source of Cash
= Use of Cash
$33,000
$9,419
$30,000
$27,000
$1,297
$2,239
$ Millions
$24,000
$21,000
$6,323
$31,582
$18,000
$15,000
$12,000
$14,257
$9,000
$6,000
$3,000
$0
~65% of cash from operations

returned to shareholders
$4,287
$387
$2,900
Beginning
Cash & Cash
Equivalents
(10/31/03)
Cash From
Operations
Divestitures,
net of
Acquisitions
Capital
Investment in Net Change in
Debt and
Expenditures
Financial
Intercompany
Services
Balances
Dividends
Share
Repurchase,
net of
Common
Stock
Issuances
(1)
Other
Ending Cash &

Cash
Equivalents
(10/31/15)
(1) Other includes proceeds from maturities and sales of marketable securities and purchases of marketable securities and reconciliation for non-cash
items including excess tax benefits from share-based compensation and the effect of exchange rates on cash and cash equivalents
Source: Deere & Company SEC filings
Global Markets
Net Sales by Major Markets

U.S. & Canada
Central Europe & CIS
$21.9
$20.9
$20.3
$1.0
$4.6
2015
$0.7 $0.7
$1.0
2015
2014
2013
2012
2011
2010
2009
2008
2007
2015
2014
2013
2011
2010
2009
2012
2015
2014
2013
2012
$1.9 $2.1 $2.1 $2.0 $1.9
2011
2007
$4.3 $4.1
2010
$0.8
$2.6
Asia Pacific, Australia & New

Zealand
$2.4
2015
2014
2013
2012
2011
2010
2009
2008
2007
2015
2014
2013
2012
2011
$1.0 $0.8 $0.8 $0.6

$0.4 $0.6 $0.6 $0.6 $0.8
2010
2009
2008
2007
$ Billions
$1.8
$3.3
$1.4
$1.1 $1.2
2009
2014
2013
2012
2011
2010
2009
2008
2007
$2.6
$1.7 $1.6
$1.4
Asia, Africa & Middle East
Latin America
$1.6
$1.4
$4.4 $4.3 $4.4 $4.4

$3.4 $3.4
2007
$3.9
2008
$15.2
$14.9
$13.9
$13.1
$3.6 $3.6
$1.9
Western Europe
$16.6
2008
$17.5
U.S. and Canada

Factory Locations
Alberta, Canada
British Columbia, Canada
Remanufactured Components
Log Loaders & Specialty Products
North Dakota, USA
Air Seeding Equipment

Electronics
Tillage Equipment
Wisconsin, USA
Lawn & Garden Equipment

Utility Vehicles
Golf & Turf Reel Mowers
Iowa, USA
Illinois, USA
Cotton Harvesting Equipment

Planting Equipment
Spraying Equipment
Tillage Equipment
Ag Tractors
Components
Foundry
Engines
Hay & Forage Equipment
Articulated Dump Trucks
4WD Loaders
Motor Graders
Skidders
Wheeled Feller Bunchers
Backhoes
Compact Tracked Loaders
Crawler Dozers
High-Speed Dozers
Knuckleboom Loaders
Skid Steer Loaders
Tracked Feller Bunchers
Tracked Harvesters
High Clearance Sprayers (JV)
Combine Harvesters
Headers
Planting Equipment
Hydraulic Cylinders
Tennessee, USA
Lawn Tractors
North Carolina, USA
Commercial Mowers
Golf & Turf Mowers
Utility Vehicles
Hydraulic Excavators
Georgia, USA
Utility Tractors
Compact Utility Tractors
Louisiana, USA
California, USA
Satellite Receivers
Kansas, USA
Power Transmission Equipment
Missouri, USA
Remanufactured Components
Sugarcane Harvesting Equipment

Tractor Loaders
Scrapers
Cotton Strippers
EU 28
Factory Locations
Horst, The Netherlands
Joensuu, Finland
Spraying Equipment
Wheel Forwarders
Wheel Harvesters
Forestry Attachments
Zweibrcken, Germany
Combines & Forage Harvesters
Stadtlohn, Germany
Saran, France
Headers
Engines
Largeasse, France
Gummersbach, Germany
Planting Equipment
Walk-Behind Mowers
Arc-les-Gray, France
Bruchsal, Germany
Balers
Ag Loaders
Tractor, Harvesting & Forestry Cabs
Madrid, Spain
Components
Mannheim, Germany
Tractors
Brazil
Factory Locations
Catalo, Brazil
Sugarcane Harvesters
Sprayers
Indaiatuba, Brazil
Backhoe Loaders
4WD Loaders
Motor Graders
Horizontina, Brazil
Indaiatuba, Brazil (JV)
Combine Harvesters
Planters
Excavators
Montenegro, Brazil
Tractors
CIS
Factory Locations
Orenburg, Russia
Seeding Equipment
Tillage Equipment
Domodedovo, Russia
Tractors
Combine Harvesters
Motor Graders
China
Factory Locations
Jiamusi, China
Combine Harvesters
Corn Pickers
Cotton Pickers
Tianjin (TEDA), China
4WD Loaders
Excavators
Engines (60-254 hp)
Tractors (85-320 hp)
Ningbo, China
Tractors (28-70 hp)
India
Factory Locations
Sirhind, India
Combine Harvesters
Pune, India
Engines
Transmissions
Tractors (36-75 hp)
Electronics
Dewas, India
Tractors (36-50 hp)
Other Regions
Factory Locations
Kibbutz Beit Hashita, Israel
Cotton Picker Components
Monterrey, Mexico
Rotary Cutters
Implements
Components
Torreon, Mexico
Axles
Engines
Electronics
Ramos, Mexico
Ag Loaders
Compact Utility Tractor Loaders
Utility Tractor Cabs
Hydraulic Cylinders
Saltillo, Mexico
Ag Tractors
Transaxles
Forestry Harvester Heads
Rosario, Argentina
Engines
Tractors
Combines
Tokoroa, New Zealand
Worldwide Parts Services
Supporting the Global Growth of Our Equipment Operations
Highlights:
China footprint
Strategic distribution locations to support China market, operational 2016
Campinas, Brazil
Expansion of existing facility, operational March 2015
Nagpur, India
India Parts Distribution Center, opened Nov 2014
Anchor Parts Distribution Centers

Regional Parts Distribution Centers or Depots
Engine Emissions
2016 Worldwide Off-Road Emissions Regulations > 75 hp
Russia
EU28*
U.S. and Canada
Transition to Stage IIIB:

Ag tractors - 2017
Stage IV
Final Tier 4
China
Stage IIIA
India
TREM 3A >50hp
Stage II/Tier 2
Stage IIIA/Tier 3/TREM 3A
Stage IV/Final Tier 4
(> 75-750 hp)
Brazil
Stage IIIA:
Construction equipment
Ag equipment >100hp - January 2017
* Includes some non-EU28 countries that follow EU28 emissions regulations
John Deere and John Deere Dealers Connect

People. Equipment. Technology. Insights.
Better Machine Performance
Ensure that machines function as

expected for optimal uptime
Maximize machine performance
Increase operator consistency
Better Job Performance
Better Agronomic Decisions
Achieve quality outcomes for each job

Coordinate machines to execute jobs
more effectively and efficiently
Monitor job progress and adjust
operational plans
See, collaborate and direct

information when you need it, where
you need it with an online set of tools
Automate collection and transfer of
data from the machine to platform
Plant better with..
Harvest better with..
John Deere ExactEmerge and SeedStar Mobile
John Deere Combine and Harvest Mobile
John Deere
Financial Services

Key Supporting Business
Delivers consistent, high quality earnings

Grows John Deere sales
Deepens customer relationships
Strengthens our distribution channels
Supporting the Global Growth of Our Equipment Operations
Owned Operations
Bank/Finance Company Partners
Retail programs through JDF not currently offered
Consistent Earnings Throughout the Cycle

Net Income
$4,000
$3,500
$3,000
$2,500
$ Millions
$2,000
$1,500
$1,000
$500
$0
-$500
-$1,000
Deere & Company
John Deere Financial (Attributable to Deere & Company)
2015
2014
2013
2012
2011
2010
2009
2008
2007
2006
2005
2004
2003
2002
2001
2000
1999
1998
1997
1996
1995
1994
1993
1992
1991
1990
1989
1988
1987
1986
-$1,500
$38.2 Billion Net Owned Portfolio at 31 October 2015
Portfolio Composition by
Market
Geography
Latin America
5%
C&F
15%
Australia
2%
Asia
1%
Product
Operating Lease
13%
Europe
5%
Revolving Credit
7%
Canada
10%
Wholesale /
Floorplan
21%
Ag & Turf
85%
US
77%
Information above includes all Deere lending activities worldwide.

John Deere Capital Corporation is the largest lending operation of Deere & Company.
Installment and
Finance Lease
59%
John Deere Capital Corporation
Retail Notes 60+ Days Past Due vs. Write-offs

Construction & Forestry
Continued extremely low
write-offs
Agriculture & Turf1

Continued extremely low write-offs
Average write-offs less than 5 bps over last
10 years
3.95%
3.95%
3.45%
3.45%
2.95%
2.95%
2.45%
2.45%
1.95%
1.95%
1.45%
1.45%
0.95%
0.95%
0.45%
0.45%
-0.05%
-0.05%
'83
'85
'87
'89 '91 '93 '95 '97

Net Write-offs (Ag)
'99
'01 '03 '05 '07 '09 '11

Installments 60+DPD (Ag)
'13
'15
'95 '97 '99 '01 '03 '05 '07 '09 '11 '13 '15
Net Write-offs (C&F)
Installments 60+DPD (C&F)
1983 1985 includes Construction; 1986 - 1994 includes Lawn & Grounds Care; beginning in 2009 includes both Ag and Turf equipment;
as % of Owned Losses After Dealer Reserve Charges
Source: 1983 1994 internal reporting, 1995 - 2011 JDCC 10-K filings, 2012 - 2015 internal reporting
John Deere Capital Corporation

Portfolio and Profitability
Net Income ($ Millions)
544
498
469
364
311
383
319
282
149
Administered Portfolio ($ Billions)
2007
33.1
30.7
2008
2009
2010
2011
2012
2013
2014
2015
32.7
26.6
23.3
19.0
19.1
19.3
21.1
Write-offs/Average Owned Portfolio
0.70%
0.48%
0.29% 0.33%
0.12%
0.05% 0.03%
2007
2008
2009
2010
2011
2012
2013
2014
2015
2007
2008
2009
2010
2011
2012
2013
0.09%
2014
0.11%
2015
Market Fundamentals
U.S. Farm Cash Receipts

$500
$450
$400
$ Billions
$350
$300
$250
$200
$150
$100
$50
$0
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015F 2016F
Crops
Livestock
Government Payments
Source: 2000 2014: USDA, 9 February 2016

2015F 2016F: Deere & Company Forecast as of 19 August 2016
U.S. Farm Balance Sheet

$3,500
30%
28%
$3,000
26%
$ Billions
$2,500
24%
22%
$2,000
20%
$1,500
18%
16%
$1,000
14%
$500
12%
$0
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015F
2016F
10%
Farm Debt
Farm Equity
Debt to Equity Ratio (%)
Source: 1972 2014: USDA, 9 February 2016

2015F 2016F: Deere & Company Forecast as of 19 August 2016
Debt to Asset Ratio (%)
World Farm Fundamentals

Global Stocks-to-Use Ratios
110%
100%
90%
80%
70%
Cotton
60%
50%
Wheat
40%
30%
Corn
20%
Soybeans
10%
0%
1995
1998
Source: USDA, 12 August 2016
2001
2004
2007
2010
2013
2016P
Global Corn Supply and Demand

1,000
Million Metric Tons
800
600
400
200
0
92/93
94/95
96/97
98/99
00/01
Production
Source: USDA, 12 August 2016
02/03
04/05
06/07
08/09
10/11
Consumption
12/13
14/15
16/17
Million Metric Tons
Grain Demand With and Without Biofuel Use

2,600
2,400
Consumption
2,200
2,000
1,800
1,600
Million Metric Tons
1995
1998
2001
2004
2007
2010
2013
2016F
2004
2007
2010
2013
2016F
2,600
2,400
Consumption less biofuel use
2,200
2,000
1,800
1,600
1995
1998
2001
Source: OECD-FAO Agricultural Outlook 2015 - 2024
U.S. Housing Starts

Housing Starts
2.500
(Millions of Units)
2.250
2.000
1.750
1.500
1.250
1.000
0.750
0.500
0.250
Multi-Family Housing Starts

Single-Family Housing Starts
0.000
1966
1971
1976
1981
1986
Source: 1962 2015: U.S. Census Bureau, July 2016

2016F: Deere & Company Forecast as of 19 August 2016
1991
1996
2001
2006
2011
2016F
U.S. Construction Spending

U.S. Construction Spending
(Billions, 2009 Chained $s)
2,200
2,100
2,000
1,900
1,800
1,700
1,600
1,500
1,400
Billions, 2009 Chained $s
1,300
1,200
1,100
1,000
900
800
700
600
500
400
300
200
100
0
70%
60%
50%
40%
30%
20%
10%
0%
-10%
-20%
-30%
-40%
-50%
-60%
-70%
-80%
-90%
-100%
-110%
-120%
-130%
-140%
-150%
-160%
% Total Construction Spend
2,300
Residential Investment in Structures

Nonresidential Investment in Structures
Government Investment in Structures
Government Infrastructure Investment
1998
2001
2004
Source: 1997 2015: U.S. Bureau of Economic Analysis, July 2016

2016F: Deere & Company Forecast as of 19 August 2016
2007
2010
2013
2016F
Appendix
SVA* Reconciliation to GAAP

(millions of dollars unless stated otherwise)
Net Sales
Average Identifiable Assets
With Inventories at LIFO
With Inventories at Standard Cost
Operating Profit
Percent of Net Sales
Operating Return on Assets
SVA Cost of Assets
SVA
Net Sales
Average Identifiable Assets
Operating Profit
Percent of Net Sales
Operating Return on Assets
SVA Cost of Assets
SVA
1993
6,479
1994
7,663
1995
8,830
1996
9,640
1997
11,082
1998
11,926
1999
9,701
2000
11,169
2001
11,077
2002
11,703
2003
13,349
2004
17,673
5,449
6,442
242
3.7%
5,551
6,494
847
11.1%
6,187
7,131
1,006
11.4%
6,502
7,488
1,125
11.7%
6,682
7,703
1,402
12.6%
7,672
8,711
1,476
12.4%
7,724
8,739
272
2.8%
8,069
9,039
693
6.2%
8,743
9,678
(46)
-0.4%
6,229
7,147
401
3.4%
5,965
6,925
708
5.3%
6,482
7,477
1,905
10.8%
4.4%
3.8%
(773)
(531)
15.3%
13.0%
(780)
68
16.3%
14.1%
(856)
150
17.3%
15.0%
(898)
226
21.0%
18.2%
(924)
477
19.3%
16.9%
(1,045)
431
3.5%
3.1%
(1,049)
(776)
8.6%
7.7%
(1,085)
(392)
-0.5%
-0.5%
(1,162)
(1,208)
6.4%
5.6%
(858)
(457)
11.9%
10.2%
(831)
(123)
29.4%
25.5%
(897)
1,008
2005
19,401
2006
19,884
2007
21,489
2008
25,803
2009
20,756
2010
23,573
2011
29,466
2012
33,501
2013
34,998
2014
32,961
2015
25,775
7,248
8,312
1,842
9.5%
7,546
8,634
1,905
9.6%
8,092
9,205
2,318
10.8%
9,652
10,812
2,927
11.3%
9,647
10,950
1,365
6.6%
9,196
10,494
2,909
12.3%
11,516
12,875
3,839
13.0%
13,594
14,965
4,397
13.1%
14,569
15,924
5,058
14.5%
14,113
15,493
4,297
13.0%
12,491
13,840
2,177
8.4%
25.4%
22.2%
(998)
844
25.2%
22.1%
(1,036)
869
28.6%
25.2%
(1,094)
1,224
30.3%
27.1%
(1,284)
1,643
14.1%
12.5%
(1,301)
64
31.6%
27.7%
(1,259)
1,650
33.3%
29.8%
(1,545)
2,294
32.3%
29.4%
(1,795)
2,602
34.7%
31.8%
(1,911)
3,147
30.4%
27.7%
(1,860)
2,437
17.4%
15.7%
(1,661)
516

DEERE Investor Presentation Aug Sep With Bookmarks

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DEERE Investor Presentation Aug Sep With Bookmarks

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John Deere

Safe Harbor Statement & Disclosures

| Deere & Company

August / September 2016

John Deere Financial Services

| Deere & Company

August / September 2016

The John Deere Strategy

* SVA: Shareholder Value Added

| Deere & Company

August / September 2016

The John Deere Strategy

Markets worth winning

| Deere & Company

August / September 2016

The John Deere Strategy

Exceptional Operating Performance - Equipment Operations

12% OROA (SVA** Neutral)

* OROA: Operating Return on Operating Assets

| Deere & Company

August / September 2016

The John Deere Strategy

Exceptional Operating Performance - Equipment Operations

Adoption of SVA* Model

Sale of Trade Receivables to

Over $8 billion in Pension/OPEB contributions, 2001-2015

| Deere & Company

August / September 2016

The John Deere Strategy

Disciplined SVA* Growth - Equipment Operations

Adoption of SVA Model

* SVA: Shareholder Value Added

| Deere & Company

August / September 2016

Dramatic Reduction in Asset Intensity

Quarterly Receivables & Inventory as a % of Previous 12 Months Sales

Trade Receivables and Net Sales

* Through 3rd Quarter 2016

10 | Deere & Company

August / September 2016

Net Sales and Revenues per Employee

11 | Deere & Company

August / September 2016

Investment in New Products and Technologies

Source: Deere & Company and competitor SEC filings

12 | Deere & Company

August / September 2016

Net Sales by Product Category

Equipment Operations - Fiscal Year 2015

Agriculture & Turf $19.8B

Construction & Forestry $6.0B

13 | Deere & Company

August / September 2016

Deere Use-of-Cash Priorities

Fund Operating and Growth Needs

Manage the balance sheet, including liquidity, to support a rating

Common Stock Dividend

Consider share repurchase as a means to deploy excess cash

15 | Deere & Company

August / September 2016

Deere Quarterly Dividends Declared*

Dividend raised 114%

* Adjusted for 2 for 1 stock split on 26 November 2007

16 | Deere & Company