The Toro Company Corporate Profile

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Who We Are

The Toro Company is a leading

worldwide provider of turf maintenance

equipment and precision irrigation

systems. Since 1914, a passion for

building turf expertise and driving

innovation has resulted in products and

services to help our customers care for

golf courses, sports fields, public green

spaces, commercial and residential lawns,

and agricultural fields.

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With nearly 70 percent of our revenue from professional markets, our strong portfolio is well positioned for the future. One of our key global markets is golf, which Toro entered in 1921 by mounting five reel mowers on a Toro tractor to cut the fairways at The Minikahda Club in Minneapolis.

Today, more than 5,300 dedicated and talented employees around the world continue to introduce cutting-edge products to meet the changing needs of our customers. Golf course superintendents, sports field and municipal managers, and landscape contractors count on our water-efficient irrigation systems; precision fairway, rough and greens mowers; commercial mowers; and compact utility equipment.

In the residential market, which we entered in 1935 with the introduction of our first power mower, homeowners have come to count on our many brands and products to help maintain their yards and driveways. Through a strong network of distributors, dealers and retailers around the world, we offer customers innovation and quality in zero-turn radius riding mowers, walk power mowers, snowthrowers and handheld products. And, the need to better manage water usage continues to drive demand for our water-saving irrigation systems.

Success in today’s business environment requires focus and commitment. For The Toro Company, this means listening intently to our customers today, while keeping a watchful eye on their needs for the future.

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Strengthening our FutureAt The Toro Company, we have built a reputation on strong relationships and constant innovation. We’re shaping the future by focusing our strategies on these areas:

GroWTh

The Toro Company is on the move, seizing new opportunities to expand our global presence with customer-valued solutions for professionals and homeowners. We’re thinking beyond traditional borders, both inside and outside the organization. At the heart of what we do lies a commitment to innovation, enduring relationships, and increasing shareholder value. At the same time, we’re building on our culture to evolve from strong to stronger as we become leaner, more flexible, and faster to market.

InnovATIon

We’re committed to innovation. It’s been our hallmark for more than 90 years and an important factor in our success. Leading the industry, however, requires a relentless pursuit of emerging technologies that help customers protect the environment, conserve water, increase productivity and control costs. Backed by the Center for Advanced Turf Technology – a team of dedicated engineers and agronomists – we help our customers anticipate the future. From our work with alternative fuels like hydrogen, electricity and biofuels, to precision irrigation systems and sensor technologies to better manage growing water usage issues, we are constantly innovating in new ways to benefit our customers and the environment.

PArTnerShIPS

Loyal and trusting relationships with customers, communities and channel partners are paramount to our success. At The Toro Company, we have a strong history of developing relationships with the best in the industry. For years, we’ve partnered with education and research institutions around the

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world to explore new technologies and advance the science of turf management. We continue to invest in key industry associations to support the long-term success of our markets and greater awareness around important environmental concerns. And, we have partnerships with such prestigious institutions as Walt Disney World® Resort, Wimbledon in London, the Indianapolis Motor Speedway®, Pinehurst®, Chateau de Versailles in France, and many others around the world.

MArkeT SuPPorT

Over the years, we have retained our leadership in key global markets due in large part to a strong network of more than 30 U.S. distributors and 135 international distributors in 140 countries. We’re a company that not only invests in new product development but also in our valued distributor partnerships to provide them with the tools and resources they need to deliver world-class service to our customers.

With an ongoing strategy to grow our international business, we remain focused on expanding, improving and leveraging our global customer relationships. In emerging markets like Eastern Europe, Korea and China, we are working closely with distributors and customers to forge new relationships and strengthen our reputation for quality products and support.

LeAn MAnufACTurInG

The concept of Lean is a systematic, continuous improvement approach that focuses on reducing waste in order to improve quality and overall customer value. At The Toro Company, Lean is quickly becoming a way of life. Since introducing the concept in 2001, employees have continued to identify improvements to deliver greater cost efficiency and manufacturing flexibility, and meet our high marks for quality. In our effort to become a world-class Lean enterprise, we’re collaborating with distributor partners and suppliers around the world to improve our supply chain and bring us closer to customers by delivering what they want, when they want it.

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our globAl MArketS

GoLf

St. Andrews in Scotland, Oakland Hills in Michigan, Troon North in Scottsdale, Mission Hills in China, Celtic Manor in Wales, and Leopard Creek in South Africa. Around the world, customers count on our products for pristine fairways, rolling greens and well-groomed bunkers. In 1921, we developed the first fairway mower. Six years later, we shipped our first golf maintenance products overseas. Today, we continue to lead the global market with best-in-class turf maintenance equipment and precision irrigation solutions. In fact, approximately two-thirds of the top 100 courses in the world use Toro irrigation systems.

SPorTS fIeLdS & GroundS

We know how tough it is to keep turf healthy and safe – for everyone from professional athletes to community sports teams. That’s why our in-house agronomists partner with leading universities to conduct turfgrass research to improve playability; why we’ve partnered with every Super Bowl stadium since the inaugural game in 1966; why we’ve been selected to help prepare the grounds for many Olympic Games sites around the world; and why sports field managers count on us for a complete offering of quality products – from irrigation systems and rotary mowers to utility vehicles, debris blowers, and line painters.

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ProfeSSIonAL ConTrACTorS

Landscape professionals demand an optimal blend of performance, durability and reliability to be productive and profitable. That’s why customers turn to us for quality zero-turn radius riding mowers that get the job done fast and deliver an immaculate cut. For creating landscapes, our compact utility equipment and walk-behind trenchers tackle heavy work and accomplish hundreds of tasks in a fraction of the time, while protecting the delicate turf. And, for contractors who design or install residential and commercial irrigation systems, a complete lineup of water-saving products make every project profitable and reliable.

hoMeoWnerS

Today’s busy homeowners want to spend more time relaxing and enjoying their beautiful landscapes. Around the world, customers turn to our strong family of brands for all their outdoor maintenance needs. From zero-turn riding mowers and walk power mowers to water-saving irrigation systems, handheld trimmers and blowers – our products are rich with innovative features, serviced by experienced dealers, and supported by a round-the-clock customer service network.

AGrICuLTure

Growing the world’s food supply economically while protecting our precious water resources is a demanding job. That’s why we help customers with high-quality irrigation products to maintain healthy crops – whether it’s row crops, field crops, or permanent orchards and vineyards. Our innovative and high-precision drip irrigation products save water and energy, while improving yields and quality of produce.

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our brAndS

At The Toro Company,

we have a strong family

of independent brands

across a spectrum

of global markets to

help customers better

care for their outdoor

environments. IrrITroL

Launched in 1996 with the acquisition of James Hardie Irrigation, Irritrol is a leader in irrigation products and services for residential and commercial landscapes. With a legacy of exceptional quality and value, Irritrol has grown to a full line of dependable, contractor-friendly products including smart controllers, rain sensors, valves, spray heads and rotors. In 2007, the addition of Rain Master™ central controllers helped strengthen Irritrol’s product offering.

exMArk

Exmark is a market leader of commercial mowers for the landscape professional. In addition to designing, building and marketing quality turf care equipment, Exmark’s goal is total customer satisfaction. All Exmark mowers, from walk-behinds to zero-turn riding mowers, are designed to help customers increase productivity while delivering unmatched quality of cut.

Toro

As the company’s flagship brand, Toro products span multiple global markets and serve a broad customer base that includes golf course superintendents and owners, sports field managers, municipal groundskeepers, landscape and irrigation contractors, homeowners and agricultural growers. Toro’s precision turf maintenance equipment and water efficient irrigation systems deliver practical solutions of consistent quality and customer value, while creating lasting impressions of reliability, durability, innovation and productivity.

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hAyTer

Hayter is one of the United Kingdom’s leading brands in lawn and municipal mowing equipment. By delivering high-quality products, innovation, and superb customer service, the brand is a favorite among homeowners and professionals. Today, the brand is recognized for its well-engineered mowers and strong product offering among local authorities and the premium consumer market.

LAWn-Boy

Lawn-Boy manufactures innovative, user-friendly yard care equipment to make it easier for homeowners to maintain beautiful yards. Offering a range of mowers with high-performance, easy-to-use features, Lawn-Boy helps homeowners safely meet their toughest mowing challenges.

PoPe

In Australia and New Zealand, the Pope brand is synonymous with creating and maintaining beautiful gardens. The brand has expanded to include a complete line of garden maintenance solutions, helping homeowners get the results they want with products that are guaranteed to perform.

LAWn GenIe

Homeowners look to the Lawn Genie brand for maintenance-free, easy-to-install, professional-quality irrigation products at everyday values.

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our hiStory1914

• The Toro Motor Company is founded to build tractor engines for its very first customer, The Bull Tractor Company.

1918

• Toro makes steam engines for merchant supply ships during World War I.

1919

• Toro Motor Company is renamed Toro Manufacturing Company.

1921

• Mounted five lawn mowers onto a Toro tractor to cut the fairways at The Minikahda Club in Minneapolis.

1935

• Toro introduced its first power mower for homeowners.

1948

• Acquired Whirlwind, the first maker of push rotary mowers.

1951

• Toro introduced the first snowthrower.

1962

• Acquired Moist-O-Matic, Inc., an irrigation equipment manufacturer in Riverside, CA, providing entry into the irrigation market.

1966

• Toro helped prepare the turf for Super Bowl I, beginning a legacy as partner to many of the world’s great sporting events.

1971

• Toro officially changes its name to The Toro Company.

1978

• The Toro Company trades on the New York Stock Exchange.

1986

• Acquired Wheel Horse, manufacturer of riding products and garden tractors.

1989

• Acquired Lawn-Boy, manufacturer of residential mowers.

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1996

• Acquired James Hardie Irrigation, a leader in irrigation products and services, and launched the Irritrol brand.

1997

• Acquired Exmark Manufacturing, manufacturer of professional turf care equipment.

1998

• The Center for Advanced Turf Technology (CATT) is formed to research and develop emerging technologies in turf maintenance. A partnership is formed with The First Tee™ to introduce kids to the game of golf.

2001

• Acquired Goossen Industries, Inc., adding Goossen’s debris blowers to Toro’s commercial product line. Also, acquired EICON, a maker of commercial irrigation controllers, and Sentinel Systems central control irrigation systems.

2005

• Acquired Hayter, Ltd., a manufacturer of consumer and commercial mowing products in the United Kingdom.

2006

• Hosted the first annual WaterSmart Symposium to discuss the importance of proper water management. Partnered with The K Club in Ireland to help prepare for the 2006 Ryder Cup. First to be named to the Environmental Institute for Golf’s Victory Club for giving more than $1 million to the organization’s environmental efforts.

2007

• Acquired Rain Master™ Irrigation Systems, and Turf Guard™ Wireless Monitoring Technology. Announced a partnership with the State of New York to provide the next-generation of turf maintenance equipment powered by hydrogen fuel cells. Celebrated 80 years of partnership with the Golf Course Superintendents Association of America (GCSAA). Partnerships formed with the charitable arms of Major League Baseball and U.S. Soccer.

2008

• Toro diesel-powered golf course, sports fields and grounds, and landscape contractor equipment approved to use biodiesel fuel blends up to B20.

View our complete history at: www.thetorocompany.com

Worldwide headquartersThe Toro Company8111 Lyndale Avenue SouthBloomington, MN 55420Phone: 952-888-8801 Fax: 952-887-7265 www.thetorocompany.com

nySe symbol: TTC

GB Form Number: 200-3754©2008 The Toro Company – All Rights Reserved.