CNH announces Chief Financial Officer transition Basildon, April 10, 2025 CNH (NYSE: CNH) announces that Oddone Incisa, the Company’s current Chief Financial Officer (CFO), will step down and will be succeeded by James (Jim) Nickolas. Mr. Nickolas will be based at the Company’s North American headquarters in Oak Brook, Illinois, USA and will present the financial portion of the Company’s Strategic Business Plan at our Investor Day on May 8, 2025. Jim Nickolas has over 30 years of experience in corporate fin ...

CNH is leveraging cutting-edge technology to innovate training Basildon, April 3, 2025 CNH continues to break new ground in its use of cutting-edge technology to train its people, customers and partners. Using simulators, the metaverse, and augmented reality, we are investing in cutting-edge technologies to upskill our workforce in Latin America. This helps our employees, customers and partners to fully harness the potential of our brands' iconic machines. Among the resources used by CNH for training are c ...

How CNH’s precision technology is helping farmers tackle water scarcity Basildon, March 24, 2025Following World Water Day on March 22, CNH brands - Case IH and New Holland - continue to lead the way in breaking new ground in precision agriculture.As part of the Drops of the Future initiative, CNH has teamed up with Italy-based agri tech company, xFarm, to develop a pilot project in Uzbekistan to show how precision technology and data from our machines can help farmers increase productivity and save water. T ...

Group 1 - CNH brands, including Case IH and New Holland, are leading in precision agriculture to address water scarcity through the Drops of the Future initiative in Uzbekistan [1][2] - The initiative aims to empower young professionals and enhance collaboration between private companies and organizations like OSCE to improve water use efficiency and agricultural production [2][3] - The project began with a workshop in September 2024, involving experts and industry leaders, and is focused on delivering tangible impacts in the region [3] Group 2 - CNH Industrial is a global leader in equipment, technology, and services, emphasizing innovation, sustainability, and productivity across its brands [3][4] - The company has a diverse portfolio, including brands like STEYR, Raven, Hemisphere, Flexi-Coil, Miller, and Eurocomach, which cater to various agricultural and construction needs [3][4] - With over 35,000 employees, CNH promotes a diverse and inclusive workplace aimed at empowering customers and fostering growth [4]

Core Points - CNH Industrial N.V. announced the pricing of $500 million in 4.750% notes due 2028, with an issue price of 99.658% [1] - The offering is expected to close on March 21, 2025, subject to customary closing conditions [1] Use of Proceeds - The net proceeds from the offering will be added to CNH Industrial Capital LLC's general funds for working capital and other corporate purposes, including the purchase of receivables or assets [2] - Proceeds may also be used to repay CNH Industrial Capital LLC's indebtedness as it becomes due [2] Notes Details - The notes are senior unsecured obligations of CNH Industrial Capital LLC, paying interest semi-annually starting September 21, 2025, and maturing on March 21, 2028 [3] - The notes will be guaranteed by CNH Industrial Capital America LLC and New Holland Credit Company, LLC, both wholly owned subsidiaries of CNH Industrial Capital LLC [3] Underwriters - BNP Paribas Securities Corp., BofA Securities, Deutsche Bank Securities, and Goldman Sachs are acting as joint book-running managers for the offering [4] - Additional joint book-running managers include BBVA Securities, Intesa Sanpaolo IMI Securities, SMBC Nikko Securities, and UniCredit Capital Markets [4] Company Overview - CNH Industrial Capital LLC is a wholly owned subsidiary of CNH Industrial N.V., headquartered in Racine, Wisconsin [6] - The company primarily underwrites and manages financing products for customers and dealers of CNH Industrial North America, supporting the sale of agricultural and construction equipment [6]

CNH uses automation to boost productivity and sustainability at parts depot Basildon, March 4, 2025 On World Engineering Day CNH releases the first installment in its latest ‘A Sustainable Year' series. The article "Engineers mastermind automation at a depot with many moving parts" looks at the impact of the AutoStore™ automation initiative at one of our North American parts depots in Lebanon, Indiana, USA. This 19-acre depot operates close to 24 hours a day, seven days a week, serving our global dealer n ...

Leadership Transition - CNH announces Francesco Tutino as the new Chief Human Resources Officer (CHRO) effective May 1, 2025, succeeding Kelly Manley who served for 20 years [1][2] - Tutino has over 10 years of experience with CNH and Iveco Group, and was most recently Group Chief HR & Organization Officer at Prysmian [3] Contributions and Achievements - Kelly Manley contributed to establishing a strong company culture, advancing sustainability commitments, and achieving operational targets during her tenure [4] - The company expresses gratitude for Manley's leadership, which began in diversity and inclusion before transitioning to CHRO [4] Company Overview - CNH Industrial is a global leader in equipment, technology, and services, focusing on innovation, sustainability, and productivity [5] - The company offers a wide range of agricultural and construction products through its brands, including Case IH, New Holland, and others [5] - CNH has a diverse workforce of over 40,000 employees, committed to empowering customers and driving efficiency [6]

Financial Performance - Consolidated revenues for 2024 were $19,836 million, a decrease of 20% compared to $24,687 million in 2023[31]. - Net sales of industrial activities fell by 23% from $22,080 million in 2023 to $17,060 million in 2024[32]. - Net income for 2024 was $1,259 million, down 45% from $2,287 million in 2023[31]. - Diluted earnings per share decreased from $1.69 in 2023 to $0.99 in 2024, a decline of $0.70[32]. - As of December 31, 2024, the company reported a consolidated gross indebtedness of $26,882 million, with $23,173 million related to Financial Services activities[177]. - The funded status for the company's defined benefit pension plans showed a deficit of $356 million as of December 31, 2024[175]. - Rising interest rates could negatively impact customer demand for products and services, as well as customers' ability to service financing provided by the Financial Services segment[170]. - Negative economic conditions could lead to increased delinquencies and defaults, adversely affecting the performance of Financial Services and overall earnings[174]. Market Dynamics - The agriculture machinery industry is influenced by factors such as net farm income, government subsidies, and weather conditions[33]. - The construction equipment market is segmented into heavy and light construction equipment, with the former weighing more than 12 metric tons[40]. - In developed markets, customers prefer sophisticated machines with advanced technology, while in developing markets, cost-effective and durable equipment is favored[41]. - The demand for heavy construction equipment is closely linked to government spending and economic growth, with a significant portion tied to infrastructure projects[45]. - The light construction equipment market is influenced by residential and commercial construction levels, which are affected by interest rates and financing availability[47]. - The agricultural equipment market is cyclical and influenced by factors such as farm income, commodity prices, and weather conditions, which can adversely affect demand for agricultural equipment[115]. - Climate change and unfavorable weather conditions could significantly affect agricultural equipment purchasing decisions, impacting demand for the company's products[133]. Strategic Initiatives - The company acquired Augmenta in 2023, enhancing its capabilities in automating and optimizing farming operations[21]. - CNH began production of full-electric compact construction equipment in 2023, including electric mini excavators and compact wheel loaders[29]. - A multi-year supply chain transformation program was initiated in 2023 to enhance supplier relationships and foster co-development initiatives[70]. - The company plans to invest significantly in research and development to enhance precision technology solutions, including automation and electrification, to remain competitive in the market[126]. - A new Global Leadership Team has been established to focus on profitable long-term growth, particularly in the Agriculture segment, but the implementation may involve complexities and risks[130]. Financial Services - Financial Services segment provides wholesale financing to dealers and distributors, primarily for inventory financing[30]. - Financial Services offers a range of financing products, including retail notes and dealer floorplan financing, to support equipment sales and customer loyalty[71]. - Financial Services funds operations through term receivable securitizations, secured and unsecured facilities, and retained earnings[85]. - Dealer financing includes a fixed period of "interest-free" financing, with costs recognized as a reduction in net sales[81]. - Financial Services' minimum down payment guidelines for equipment range from 5% to 30% based on various factors[80]. Operational Challenges - The company faces risks from global economic conditions, including changes in interest rates and inflation, which could negatively impact demand for its products[114]. - Competitive activity in the agricultural and construction equipment markets has intensified, with competitors potentially offering products at lower prices, affecting the company's market position[123]. - The company is exposed to political and economic risks due to its global operations, which may impact manufacturing and sales capabilities[116]. - Changes in government policies, such as subsidies and trade agreements, can significantly influence the company's revenue and operational strategies[125]. - The company relies on suppliers for raw materials, and disruptions in the supply chain could adversely affect manufacturing capabilities and costs[141]. - Fluctuations in the availability and price of raw materials, such as steel and aluminum, could lead to increased production costs, adversely affecting financial performance[143]. - Dealer inventory management decisions could negatively impact sales if dealers do not maintain sufficient inventory to meet customer demand[146]. Compliance and Regulatory Risks - The company is subject to increased regulatory scrutiny and reporting requirements, which may raise compliance costs and risks of investigations[148]. - The company faces significant cybersecurity risks, including threats from malware and phishing attacks, which could compromise confidential information and negatively impact operations[150]. - A material weakness in internal control over financial reporting has been identified, specifically related to IT general controls and inventory management, which could affect the accuracy of financial reporting[164]. - Compliance with increasingly stringent environmental regulations is expected to incur substantial costs, impacting the company's ability to sell products in certain jurisdictions[156]. - The company is subject to extensive laws and regulations, including anti-corruption and antitrust laws, which could lead to investigations and penalties, adversely affecting business operations[159]. - Difficulty in obtaining financing or refinancing existing debt could negatively impact financial performance, especially in unfavorable market conditions[165]. Shareholder Information - The company’s common stock was listed on the NYSE under the symbol "CNH" as of May 20, 2024, transitioning from "CNHI" and previously listed on Euronext Milan[205]. - As of January 31, 2025, there were 407 registered holders of the company's common stock, excluding those holding shares through brokers and other nominees[206]. - The cumulative total shareholder return for the company was $130 for the five-year period ending December 31, 2024, compared to $164 for the S&P Midcap 400 Index[208]. - The company maintains a dividend policy allowing for annual dividends of 25-35% of consolidated net income, with future payments dependent on earnings and financial condition[209]. - In February 2024, the company authorized a $500 million share buyback program effective March 1, 2024, allowing for repurchase of common shares based on market conditions[211]. Employee and Diversity Initiatives - Employee count as of December 31, 2024, is 35,850, including 10,342 in the U.S. and Canada[89]. - CNH's commitment to diversity and inclusion was formalized in a policy adopted in 2023[91]. - The company aims for a zero-accident and zero-injury rate in its occupational health and safety initiatives[94]. - Employee compensation includes base salary, benefits, and performance-based incentives, aligned with market benchmarks[95]. - The ability to attract and retain qualified personnel is critical for executing business strategy and expansion, with potential impacts from higher employee turnover rates[155].

Core Insights - CNH has been recognized by S&P Global as ranking in the top 5% of its industry in the 2025 Sustainability Yearbook, achieving the second highest performance in its industry group [1][2] - The company scored 79 out of 100 in the Machinery and Electrical Equipment Industry category and has also been included in S&P Global's Dow Jones Sustainability World and North America Indices [2] Sustainability Efforts - CNH emphasizes its commitment to sustainability by focusing on technologies that enhance efficiency and reduce environmental impact, including automation and sensor technologies in its products [4] - The company has made significant strides in cutting carbon emissions, increasing renewable energy use, and expanding remanufacturing efforts [4] - Recent product innovations include the launch of the industry's first electric backhoe loader, which offers zero noise and zero emissions solutions [4] Recognition and Awards - CDP has awarded CNH A- scores for Climate and Water in its 2024 results, highlighting the company's environmental performance [5] - The company has a long history of innovation and customer efficiency, with over 40,000 employees contributing to its diverse and inclusive workplace [6] Company Overview - CNH Industrial is a global leader in equipment, technology, and services, focusing on innovation, sustainability, and productivity [5] - The company operates various brands, including Case IH, New Holland, CASE, and New Holland Construction Equipment, providing a comprehensive range of agricultural and construction products [5]

Company Overview - CNH Industrial is the second-largest farming equipment manufacturer globally, indicating a strong position in the agricultural sector [1]. Industry Insights - The agricultural equipment business exhibits significant cyclicality, presenting potential investment opportunities during different phases of the cycle [1]. Investment Strategy - The focus is on long-term growth and dividend growth investing, emphasizing the importance of profitability over low valuation [1]. - Key metrics for evaluation include margins, free cash flow stability and growth, and returns on invested capital [1].