Core Viewpoint - CNH Industrial Finance Europe S.A. is redeeming all outstanding 1.875% notes due January 19, 2026, on December 29, 2025, at their principal amount plus accrued interest [1][2]. Company Overview - CNH Industrial (NYSE: CNH) is a leading global equipment, technology, and services company focused on innovation, sustainability, and productivity [3]. - The company provides strategic direction, R&D capabilities, and investments to support its global and regional brands, including Case IH, New Holland, CASE, and New Holland Construction Equipment [3]. - CNH's regional brands include STEYR, Raven, Hemisphere, Flexi-Coil, Miller, and Eurocomach, which specialize in various agricultural and construction technologies [3]. Historical Context - With a history of over two centuries, CNH has been a pioneer in its sectors, continuously innovating to enhance customer efficiency and success [4]. - The company employs over 35,000 individuals in a diverse and inclusive workplace, dedicated to empowering customers to build a better world [4].

Core Viewpoint - CNH Industrial N.V. has successfully priced an offering of €500,000,000 in principal amount of 3.625% notes due January 26, 2033, with an issue price of 98.984% of the principal amount [1][2]. Group 1: Offering Details - The closing of the offering is expected on November 26, 2025, and the notes will be issued under CNH's Euro Medium Term Note Programme [2]. - The net proceeds from the offering will be used for general corporate purposes, including the repayment of existing debt [2]. - Application will be made for the notes to be admitted to trading on the Global Exchange Market of Euronext Dublin [2]. Group 2: Regulatory and Distribution Information - The notes will be offered and sold only outside the United States to institutional investors that are not "U.S. persons" and will not be registered under the U.S. Securities Act [4]. - The offering has not been registered with the Commissione Nazionale per le Societá e la Borsa (CONSOB) under Italian securities legislation, and thus, may only be offered to qualified investors [6]. - This press release is directed only to persons outside the United Kingdom and those with professional experience in investment matters [7]. Group 3: Company Overview - CNH Industrial is a global leader in equipment, technology, and services, focusing on innovation, sustainability, and productivity [11]. - The company provides a wide range of agricultural and construction products through its brands, including Case IH, New Holland, and Raven [11]. - CNH has a history of over two centuries in pioneering its sectors and continues to innovate for customer efficiency and success [12].

Core Insights - The article emphasizes CNH Industrial's commitment to sustainability through its "A Sustainable Year" series, highlighting advancements in agriculture and construction [1][2][4] - The publication showcases innovative technologies such as Case IH's SenseApply™ for precision farming and lower-emission machinery [2][3] - The company is focused on mentoring and training the next generation of employees, alongside incorporating external expert insights on artificial intelligence and innovation [3][5] Group 1: Sustainability Initiatives - CNH's "A Sustainable Year" series reflects its ongoing efforts in sustainable practices, aligning with the Road to 2030 business strategy [1] - The magazine details advancements in product development, including autonomous and robotic solutions that enhance agricultural efficiency [2] Group 2: Technological Innovations - Case IH's SenseApply™ technology allows for real-time application of agricultural inputs, optimizing resource use [2] - The publication features lower-emission machinery, such as New Holland's methane-powered tractors and Case IH's ethanol engine sugarcane harvester prototype [3] Group 3: Workforce Development - CNH is investing in mentoring and training initiatives to prepare future employees for the industry [3] - The company promotes a diverse and inclusive workplace, with over 35,000 employees globally [5]

Core Insights - CNH Industrial emphasizes its commitment to sustainability through the release of "A Sustainable Year" magazine, which highlights advancements in agriculture and construction [1][4] - The publication showcases innovations such as Case IH's SenseApply™ technology, which optimizes the application of agricultural inputs in real-time [2] - The magazine also features initiatives in India aimed at mentoring and training the next generation of employees, along with insights from external experts on the role of artificial intelligence in innovation [3] Company Overview - CNH Industrial is a leading global equipment, technology, and services company focused on innovation, sustainability, and productivity [4][5] - The company operates under various brands, including Case IH, New Holland, and Raven, providing a comprehensive range of agricultural and construction products [4] - With over 35,000 employees, CNH fosters a diverse and inclusive workplace dedicated to empowering customers and driving efficiency [5]

Market Environment - Global equities experienced an upward trend during the quarter, with 10 out of 11 GICS sectors showing positive returns. Information technology and financials were the primary contributors, while consumer staples were the only detractor [2] - The U.S. was the main driver of positive market momentum, followed by Japan, while Denmark and Germany slightly detracted from overall performance [2] Portfolio Performance - The portfolio achieved a net return of 1.83% for the reporting period, compared to the MSCI World Index's return of 7.27% [3] Top Contributors - Alibaba Group (BABA) saw significant stock price appreciation due to strong earnings reflecting rapid growth in Chinese AI and healthy revenue growth in its Cloud segment, with expectations for continued momentum [4] - Alphabet (GOOG)(GOOGL) benefited from a favorable ruling in an antitrust case and exceeded second-quarter earnings expectations, with innovations in Google Search driving engagement and revenue [5] - IQVIA Holdings (IQV) experienced stock price appreciation after solid second-quarter results, indicating growth potential in its technology and analytics solutions segment [6] Top Detractors - Charter Communications (CHTR) faced a decline in stock price due to weak second-quarter earnings and a faster-than-expected drop in broadband subscriptions, although ARPU growth accelerated [7] - Centene (CNC) saw its stock price decline after withdrawing and then lowering its 2025 earnings per share guidance due to cost pressures in its Medicaid and Marketplace businesses [8] - CNH Industrial (CNH) reported weak results and reaffirmed guidance amidst challenging conditions, with management expecting a rebound in 2025 and significant margin expansion potential [9] Portfolio Positioning - The company initiated a position in Dassault Systèmes, a French software firm specializing in virtual twin technology, which is expected to drive innovation and cost reduction, despite a nearly 40% decline in share price from its peak [10] Outlook - The company notes a shift in market dynamics, with a decline in U.S. growth/momentum stocks and improved fundamentals in European equities, suggesting a potential for continued investor interest in this region [13]

Core Insights - CNH Industrial's brands, Case IH and New Holland, have been recognized for their excellence at the 2026 Farm Machine of the Year awards, held during Agritechnica in Hanover, Germany [10][19]. Awards and Recognitions - Case IH's Optum 440 won the 'Premium Tractor' category, featuring a powerful 8.7-liter engine and advanced technology for improved efficiency [11][22]. - New Holland's CX 8.90 PLMi received the award in the "Combine Harvester" category, equipped with advanced connectivity and real-time data transfer capabilities [12][22]. - The New Holland W170D Forage Power won in the "Material Handling" category, designed specifically for agricultural tasks with a 255 horsepower engine [13][22]. - New Holland's ForageCam™ was awarded in the "Smart Farming & Robotics" category, utilizing AI and camera sensors for enhanced livestock feed processing [14][15][22]. Company Strategy and Innovation - CNH's CEO, Gerrit Marx, emphasized the company's commitment to investing in crop cycle innovations that enhance customer efficiency, profitability, and sustainability [11][19]. - The awards highlight CNH's focus on integrating advanced technology and digital platforms, such as the Case IH FieldOps™ and New Holland's IntelliField™, to improve operational efficiency for farmers [12][14].

Core Insights - CNH's brands, Case IH and New Holland, received recognition at the 2026 Farm Machine of the Year awards for their innovative agricultural machinery [1][3] Awards Overview - The Farm Machine of the Year awards are held biennially during Agritechnica, the leading agricultural trade fair in Hanover, Germany, featuring 13 categories judged by experts in agricultural technology [2] Case IH Achievements - The Case IH Optum® 440 won the 'Premium Tractor' category, featuring a powerful 8.7-liter engine and advanced technology for improved efficiency and data management [3][4] New Holland Achievements - The New Holland CX 8.90 PLMi was awarded in the "Combine Harvester" category, incorporating advanced connectivity and real-time data sharing capabilities [4] - The New Holland W170D Forage Power won in the "Material Handling" category, designed specifically for agricultural tasks with a 255 horsepower engine [5] - The New Holland ForageCam™ received recognition in the "Smart Farming & Robotics" category, utilizing AI for enhanced livestock feed processing [6][7] Company Profile - CNH Industrial is a global leader in equipment and technology, focusing on innovation, sustainability, and productivity across its brands, including Case IH and New Holland [8][9] - The company has a rich history of over two centuries in pioneering agricultural and construction equipment, employing over 35,000 individuals worldwide [10]

Core Points - CNH hosted its 2025 Tech Day at Agritechnica in Hanover, Germany, with both in-person and online participation [1][2] - The event focused on technology advancements rather than financial discussions [1] Presentation Details - Jason Omerza from Investor Relations welcomed attendees and outlined housekeeping items, including copyright information regarding the webcast [1] - A safe harbor statement was mentioned, indicating that forward-looking statements made during the event are protected [1]

Core Insights - CNH Industrial reported third-quarter 2025 adjusted earnings per share (EPS) of 8 cents, down from 24 cents in the prior-year quarter, and missed the Zacks Consensus Estimate of 13 cents [1][9] - Consolidated revenues declined nearly 5% year over year to $4.4 billion but exceeded the Zacks Consensus Estimate of $4.3 billion [2][9] Segment Performance - Agriculture segment net sales fell 10% year over year to $2.96 billion, slightly beating the estimate of $2.93 billion, with adjusted EBIT down 59% to $137 million, missing the estimate of $195.2 million [3] - Construction segment sales rose 8% year over year to $739 million, surpassing the estimate of $653.2 million, but adjusted EBIT decreased 65% to $14 million, missing the estimate of $18.4 million [4] - Financial Services segment revenues increased 4% to $684 million, exceeding the estimate of $644.2 million, but net income fell from $78 million to $47 million [5] Financial Details - As of September 30, 2025, cash and cash equivalents were $2.3 billion, down from $3.19 billion at the end of 2024, while total debt increased to $27.13 billion from $26.88 billion [6] - Net cash provided by operating activities was $659 million, compared to $791 million in the prior year [6] - Free cash outflow from industrial activities was $188 million, slightly higher than the $180 million outflow in the third quarter of 2024 [7] Updated Guidance for 2025 - Agriculture sales are now expected to decrease 11-13% year over year, an improvement from the previous estimate of a decline of 12-20% [8] - Adjusted EBIT margin for the Agriculture segment is now expected to be between 5.7% and 6.2%, down from the previous estimate of 7-9% [8] - Construction segment sales are expected to decrease 3-5% year over year, better than the previous estimate of a decline of 4-15% [8] - Free cash flow from industrial activities is now expected to be between $200 million and $500 million, up from the previous estimate of $100 million to $500 million [10]

Summary of CNH Industrial Investor Day - November 11, 2025 Industry Overview - The agriculture industry is facing significant challenges due to a rising global appetite for animal and plant protein, leading to pressure on land, water, and supply [2][9] - The global agriculture market is valued at $4 trillion, supported by over 600 million farmers and directly impacting 2.5 billion people [8][9] - The United Nations projects the global population will increase from 8.2 billion to over 10.3 billion in the next 50 years, necessitating increased food production on constrained land [9][10] Company Strategy and Goals - CNH Industrial aims to be the number one or number two agricultural player in all major markets by 2030, with a focus on innovation and technology [4][8] - The company targets mid-cycle adjusted EBIT margins of 16%-17% in agriculture and plans to increase through-cycle industrial cash flow generation by 25% [4] - CNH has invested over $800 million in agricultural R&D, with 25% dedicated to precision technology, expecting to nearly double this percentage of net sales by 2030 [12] Technological Innovations - CNH is embedding AI into its products to create autonomous, predictive, and sustainable farming systems [5][12] - New product launches include medium and high horsepower tractors, such as the Case IH Puma and New Holland T7, addressing critical market gaps in Europe [6][8] - The company has introduced AI-powered precision technology updates and digital tools like FieldOps, which enhances farm management and decision-making [35][54] Environmental and Soil Health Focus - Soil health is emphasized as the most valuable asset for farmers, with a focus on preserving topsoil and minimizing compaction [11][12] - CNH's technologies aim to enhance agricultural productivity sustainably, addressing soil degradation and nutrient loss [10][12] - The company promotes collaboration among various stakeholders to innovate and improve agricultural practices [10] Customer Engagement and Partnerships - CNH highlights the importance of partnerships with farmers, showcasing testimonials from customers like Jordan Kambites, who emphasizes the role of technology in sustainable farming [20][22][24] - The company aims to provide farmers with tools to monitor and manage their operations effectively, ensuring accountability and sustainability [27][28] Future Outlook - CNH is committed to leading the transformation in agriculture through technology that enhances productivity while preserving the environment [19][40] - The company is focused on developing autonomous solutions and improving planting accuracy through active and passive implement guidance technologies [57][68] - Investment in spraying technologies, such as Sysonak, is increasing to meet the evolving needs of farmers for precise and sustainable crop management [78][79] Key Takeaways - The agriculture sector is at a critical juncture, requiring innovative solutions to meet growing food demands sustainably [2][9] - CNH Industrial is positioning itself as a leader in agricultural technology, with a strong emphasis on R&D and customer collaboration [4][12] - The integration of AI and precision technology is central to CNH's strategy, aiming to empower farmers and enhance soil health [5][12][19]