We undertake no duty to update or revise this presentation, whether as a result of new information, future events or otherwise. For the most recent financial, risk and other information about PACCAR, please see our SEC filings and most recent earnings release available on the Investor Relations page of www.paccar.com. Excellent Dividend Yield 5 PACCAR Brands 46 Financial Services Strategy 29 10 49 31 12 51 33 14 54 35 16 56 37 18 58 39 20 60 41 Manufacturing Capacity Investments 23 2023 Revenues $35.1B 2023 ...

Financial Performance - PACCAR reported quarterly revenues of $8.74 billion in Q1 2024, up from $8.47 billion in Q1 2023, representing a 3.2% increase[2] - Net income for Q1 2024 was $1.20 billion ($2.27 per diluted share), compared to $733.9 million ($1.40 per diluted share) in Q1 2023, marking a significant increase[2] - Total sales and revenues for Q1 2024 reached $8,744.3 million, a 3.2% increase from $8,473.3 million in Q1 2023[26] - The company reported a pretax profit of $1,534.5 million, significantly higher than $919.0 million in the same quarter last year[26] - Investment income and other contributed $83.2 million, a recovery from a loss of $562.7 million in the previous year[26] Revenue Breakdown - Truck sales contributed $6,541.0 million, up from $6,413.8 million, while parts sales increased to $1,675.9 million from $1,623.0 million[26] - PACCAR Parts achieved record revenues of $1.68 billion in Q1 2024, up from $1.62 billion in the same period last year, with pre-tax income rising to $455.8 million from $438.6 million[4][9] - Revenue from the United States and Canada increased to $5,674.6 million, up from $5,040.1 million, while European revenue decreased to $1,805.0 million from $2,275.5 million[28] Market Share and Deliveries - PACCAR's Class 8 truck market share in North America increased to 30.3% in Q1 2024, up from 29.5% in the same period last year[5] - DAF Brasil achieved a record market share of 10.7% in the above 16-tonne truck market in Q1 2024, compared to 8.6% in Q1 2023[8] - New truck deliveries in the United States and Canada rose to 29,500 units, compared to 26,000 units in Q1 2023, while deliveries in Europe decreased to 11,600 units from 17,400 units[30] Operational Cash Flow - Cash provided by operations was $1.47 billion in Q1 2024, compared to $684.8 million in Q1 2023, indicating strong operational cash flow[4][24] Investments and Expenditures - The company invested $164.3 million in capital projects and $105.5 million in R&D expenses during Q1 2024, with projected capital expenditures for 2024 estimated between $700-$750 million[14] - The company anticipates investing $600-$900 million in a joint venture for advanced battery cell manufacturing, with production expected to start in 2027[14] Adjusted Financial Metrics - Adjusted net income for Q1 2023 was $1,180.3 million, excluding a $600.0 million charge related to EC claims, compared to a net income of $733.9 million[34] - Adjusted net income per diluted share for Q1 2023 was $2.25, compared to $1.40 for net income[34] Non-Recurring Charges - The company recorded a non-recurring charge of $600.0 million related to civil litigation in Europe, impacting overall financial results[30] Financial Services Performance - PACCAR Financial Services reported pretax income of $113.9 million in Q1 2024, down from $148.8 million in Q1 2023, while revenues increased to a record $509.3 million from $423.2 million[13] Strategic Focus - The overall market expansion strategy continues to focus on increasing truck deliveries and enhancing financial services offerings[30]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended December 31, 2023 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from ____ to ____. Commission File Number 001-14817 PACCAR Inc (Exact name of Registrant as specified in its charter) Delaware 91-0351110 (State or other jurisdiction of incorpora ...

− Next generation Kenworth and Peterbilt Class 8 trucks − New Kenworth and Peterbilt Class 5-7 trucks − New generation DAF XD, XF, XG and XG+ trucks − Integrated powertrains including diesel, electric, hybrid and hydrogen fuel cell technologies − PACCAR MX-13 and MX-11 engine factory in North America − DAF Brasil factory − PACCAR Parts distribution centers January 2024 Page 29 Cumulative PACCAR MX Engines Produced • The PACCAR MX-13 is the flagship of PACCAR's engine lineup with over 676,000 engines produce ...

Financial Data and Key Metrics Changes - In 2023, the company achieved record annual revenues of $35.1 billion, net income of $4.6 billion, and an after-tax return on revenue of 13.1% [32] - Fourth quarter revenues were $9 billion, with net income reaching a record $1.42 billion, which was 54% higher than the prior year [48] - The company declared a record dividend of $4.24 per share in 2023, including an extra cash dividend of $3.20 per share [33] Business Line Data and Key Metrics Changes - PACCAR Parts achieved fourth quarter revenues of $1.61 billion and pre-tax profits of $432 million, with annual revenues increasing by 11% to $6.4 billion and pretax profit rising by 18% to $1.7 billion [52][34] - Truck parts and other gross margins were 19.3% for the full year and 19.4% in the fourth quarter, reflecting strong truck deliveries and excellent parts business [36] Market Data and Key Metrics Changes - In 2023, European above 16-tonne truck registrations were 343,000, with DAF's deliveries increasing to a record 63,000 trucks [35] - The U.S. and Canadian Class 8 truck market is forecasted to be in the range of 260,000 to 300,000 vehicles for 2024 [49] - The South American above 16-tonne truck market is expected to remain similar to last year's 110,000 vehicles, with DAF achieving a record 10.2% market share in Brazil [50] Company Strategy and Development Direction - The company is investing in additional manufacturing capacity, including truck factory expansions and a new engine remanufacturing facility [38] - PACCAR is focusing on next-generation clean conversion engines, battery and hydrogen electric powertrains, and advanced driver assistance systems [53] - The company is also expanding its global distribution network with new Parts Distribution Centers [37] Management's Comments on Operating Environment and Future Outlook - Management expects normalization in market sizes, with a 5% to 10% lower market size anticipated in both Europe and North America [24] - The company sees strong global markets, particularly in Australia, Mexico, and South America, while Europe is expected to normalize [42] - Management expressed confidence in continued strong performance in the parts business and truck margins due to new product offerings [8][9] Other Important Information - The company has a strong history of dividend payouts, maintaining a payout ratio of around 50% of net income [144] - PACCAR Financial Services achieved a fourth quarter pretax income of $113 million, with annual pretax income of $540 million [71] Q&A Session Summary Question: Can you expand on pricing dynamics and margin expectations for 2024? - Management indicated good pricing realization against costs and expects gross margins for the first quarter to be in the range of 18.5% to 19% [2][24] Question: How does the margin profile compare between Europe and North America? - Management noted that while Europe is slightly softer, new DAF products continue to provide excellent margins [3][5] Question: What is the outlook for the parts business in 2024? - The company expects parts sales to grow by 4% to 8% compared to the record year last year, driven by favorable pricing and cost increases [25][52] Question: How is the company positioned regarding electric vehicle demand? - Management acknowledged a gradual adoption of EVs and emphasized ongoing investments in battery production to meet future demand [63][104] Question: What are the expectations for used truck prices moving forward? - Management indicated that used truck prices have normalized and expect stabilization at current levels [102][133] Question: How does the company plan to deploy its cash reserves? - The company plans to continue dividend payouts, fund joint ventures, and evaluate strategic acquisitions as opportunities arise [144]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended September 30, 2023 OR ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission File No. 001-14817 PACCAR Inc (Exact name of registrant as specified in its charter) Delaware 91-0351110 (State or other jurisdiction of incorporation ...

Financial Data and Key Metrics Changes - PACCAR's third quarter net income increased 60% year-over-year to a record $1.23 billion, with revenues rising 23% to $8.7 billion [13][14] - Truck, Parts, and Other gross margins expanded to 19.5% in the third quarter compared to 14.9% in the same period last year [14][28] - PACCAR Financial earned a strong pretax income of $134 million in the third quarter, reflecting high-quality portfolio performance [25][32] Business Line Data and Key Metrics Changes - PACCAR Parts third quarter revenues increased to $1.58 billion, with pretax profits rising 10% to $412 million [17][21] - PACCAR Parts delivered gross margins of 31.5% in the third quarter, with expectations for fourth quarter sales to be 7% to 9% higher than the same period last year [21][23] - The company delivered 50,100 trucks during the third quarter, with fourth quarter deliveries expected to be in the range of 48,000 to 51,000 trucks [28] Market Data and Key Metrics Changes - In Europe, truck industry registrations in the above 16-tonne segment are estimated to be between 310,000 to 330,000 vehicles for this year, with a forecast of 260,000 to 300,000 trucks for 2024 [19][101] - The South American above 16-tonne market is projected to be in the range of 105,000 to 115,000 trucks this year, with similar expectations for next year [19] Company Strategy and Development Direction - PACCAR is investing in a battery cell joint venture, expecting to invest $600 million to $900 million over the next three years, which will enhance its product offerings and operational capabilities [23][26] - The company plans to continue introducing new truck models, with the new flagship Peterbilt Model 589 beginning production in the first quarter of 2024 [22][29] - PACCAR's return on invested capital improved to an industry-leading 35% in the first nine months of the year, indicating strong financial health and strategic positioning [29] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the strong demand for Kenworth and Peterbilt trucks, with the first quarter of 2024 filling in quickly [19] - The company acknowledged challenges in the operating environment, including potential declines in truck volumes in the US and Canada, but remains optimistic about maintaining strong margins and performance [38][101] - Management highlighted the importance of technological advancements and customer value in driving future growth [55][115] Other Important Information - Research and development expenses are projected to increase from $410 million to between $470 million and $520 million next year [23] - The company is focused on maintaining a strong dealer network and customer relationships to support ongoing sales and service [115] Q&A Session Summary Question: What are the expectations for parts growth in 2024? - Management expects parts growth to be in the range of 7% to 9% in the fourth quarter, with new PDCs enhancing service delivery [30][38] Question: How will the new Peterbilt Model 589 impact revenue? - The Model 589 is expected to replace the 389, which currently accounts for about 20% of Peterbilt's production, potentially increasing overall production and revenue [41][67] Question: What is the outlook for the Class 8 market in the US and Canada? - The estimated Class 8 market for this year is between 295,000 to 315,000 trucks, with a forecast of 260,000 to 300,000 for next year, indicating a decline [25][101] Question: How is PACCAR managing costs and supply chain challenges? - Management noted improvements in supply chain stability but acknowledged ongoing labor pressures and commodity cost fluctuations [75][76] Question: What is the strategy regarding battery technology and joint ventures? - PACCAR is focusing on proprietary battery technology to enhance vehicle performance and reduce costs, with plans for future electric vehicle rollouts [55][56]

Financial Performance - PACCAR's 2022 revenues reached $28.8 billion[72] and net income was $3.0 billion[72] - In the second quarter of 2023, PACCAR's revenues were $8.881 billion[246], up from $7.159 billion in the second quarter of 2022[246], representing a 24% increase - Net income for the second quarter of 2023 was $1.221 billion[246], compared to $720 million in the same period of 2022[246] - PACCAR Parts achieved $5.76 billion in sales and $1.45 billion in pretax profits in 2022[209] - PACCAR Financial Services' total assets were $17.2 billion as of December 31, 2022[238] Market Position and Strategy - PACCAR's heavy-duty market share in the US and Canada was 27.7%, in Europe 16.1%, and in South America 8.8% in the second quarter of 2023[11] - PACCAR Financial financed 26% of all Kenworth, Peterbilt, and DAF trucks in 2022[27] - PACCAR is investing in new products and technologies, with $7.3 billion spent in the last decade ended 2022[176] - PACCAR aims for a 10% market share for Kenworth and DAF products in South America[219] Operational Efficiency - PACCAR's historical annual gross margins reached 19.1%[9] - PACCAR produced 185,900 trucks in 2022[134] - PACCAR Parts has a global network of over 2,300 dealerships[94] Financial Services - Total Financial Services Assets reached $19.041 billion as of June 30, 2023[13] - Financial Services Liabilities totaled $14.304 billion, with an equity of $4.737 billion[13]

For the quarterly period ended June 30, 2023 OR ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission File No. 001-14817 PACCAR Inc (Exact name of registrant as specified in its charter) Delaware 91-0351110 (State or other jurisdiction of incorporation or or ...

PACCAR, Inc. (NASDAQ:PCAR) Q2 2023 Earnings Conference Call July 25, 2023 12:00 PM ET Company Participants Ken Hastings - Director of Investor Relations Preston Feight - Chief Executive Officer Harrie Schippers - President and Chief Financial Officer Conference Call Participants Steve Volkmann - Jefferies Tami Zakaria - JPMorgan Chad Dillard - Bernstein Rob Wertheimer - Melius Research David Raso - Evercore ISI Jamie Cook - Credit Suisse Steven Fisher - UBS Tim Thein - Citigroup Nicole DeBlase - Deutsche Ba ...