6-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 OF

THE SECURITIES EXCHANGE ACT OF 1934

For the month of July 2022

Commission File No. 001-36085

CNH INDUSTRIAL N.V.

(Translation of Registrant’s Name Into English)

25 St James’s Street,

London, SW1A 1HA

United Kingdom

Tel. No.: +44 1268 533000

(Address of Principal Executive Offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F  ☒             Form 40-F  ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):  ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):  ☐

CNH INDUSTRIAL N.V.

Form 6-K for the month of July 2022

The following exhibits are furnished herewith:

Exhibit 99.1	Press release, dated July 29, 2022, titled: “CNH Industrial reports strong second quarter performance”
Exhibit 99.2	Second Quarter 2022 Results Review Presentation

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

CNH Industrial N.V.
By:	/s/ Roberto Russo
Name:	Roberto Russo
Title:	Chief Legal and Compliance Officer

July 29, 2022

Index of Exhibits

Exhibit Number	Description of Exhibit
Exhibit 99.1	Press release, dated July 29, 2022, titled: CNH Industrial reports strong second quarter performance”
Exhibit 99.2	Second Quarter 2022 Results Review Presentation

EX-99.1

Exhibit 99.1

CNH Industrial reports strong second quarter performance

Record consolidated revenues of $6,082 million (up 17.5% compared to Q2 2021 for continuing operations, up 20% at constant currency)

Net income of $552 million, Adjusted Net Income of $583 million, with adjusted diluted EPS of $0.43

Adjusted EBIT of Industrial Activities of $654 million (up $82 million compared to Q2 2021)

Free cash flow generation of $404 million (Industrial Activities)

Board approved additional $300 million share buy-back program

Financial results presented under U.S. GAAP

“Our robust second quarter results highlighted the CNH Industrial team’s focus on execution, as they excelled in both tactically ensuring we continued to meet customer commitments and making notable progress on our strategic initiatives. These considerations and strong price realization contributed to our impressive sales and adjusted diluted EPS growth, up 17.5% and 16.2% respectively. Pricing, volumes, and favorable mix offset significant cost escalation and gross profit increased $174 million year over year. Component shortages again impacted production, resulting in Free Cash Flow of $404 million which, though a tremendous sequential improvement, was still down almost 50% versus Q2 2021. Despite this, we continue to expect to deliver more than $1 billion of free cash flow for 2022.

Looking forward, we have exciting new products to unveil at the upcoming trade shows and our Tech Day late in the year. Raven and our Precision team are making great strides and helping to drive Agriculture’s growth, and Construction Equipment, bolstered by Sampierana, is significantly increasing its profitability. With this ever-stronger foundation, we expect to meet our Full Year guidance, but anticipate a decidedly less advantageous climate for the next several quarters. The strengthening US dollar is impacting soft commodity prices, risking further deterioration in farmer sentiment and income, while we see the likelihood of declining European industrial demand due to the war in Ukraine, energy risk and inflation. In the Americas, steady demand from cash crop customers indicates that the market may be more stable, but overall we are positioning for a recession. Our team has proven that, regardless of the environment, they will continue to execute our strategic priorities and deliver for our customers and shareholders.”

            Scott W. Wine, Chief Executive Officer

2022 Second Quarter Results

(all amounts $ million, comparison vs Q2 2021 continuing operations - unless otherwise stated)

US-GAAP
	Q2 2022		PY(1)		Change			Change at c.c.(3)
Consolidated revenue		6,082		5,174		+17.5%			+20%
of which Net sales of Industrial Activities		5,613		4,778		+17.5%			+20%
Net income		552		514		+38
Diluted EPS $		0.40		0.38		+0.02
Cash flow from operating activities		(271)		560		(831)
Cash and cash equivalents(6)		2,855		3,219		(364)
Gross profit margin of Industrial Activities		22.0%		22.2%		-20bps
NON-GAAP(2)
	Q2 2022		PY(1)		Change
Adjusted EBIT of Industrial Activities		654		572		+82
Adjusted EBIT Margin of Industrial Activities		11.7%		12.0%		-30bps
Adjusted net income		583		507		+76
Adjusted diluted EPS $		0.43		0.37		+0.06
Free Cash flow of Industrial Activities		404		785		(381	)
Available liquidity(6)		8,795		9,399		(604	)
Adjusted gross margin of Industrial Activities		22.0%		22.2%		-20bps

Net sales of Industrial Activities of $5,613 million, up 17.5% mainly due to favorable price realization, offsetting almost 3% adverse currency conversion.

Adjusted EBIT of Industrial Activities of $654 million ($572 million in Q2 2021), with both segments up year over year. Agriculture adjusted EBIT margin at 14% and Construction at 3.8%.

Adjusted net income of $583 million, with adjusted diluted earnings per share of $0.43 (adjusted net income of $507 million in Q2 2021, with adjusted diluted earnings per share of $0.37).

Gross profit margin of Industrial Activities of 22.0%, (22.2% in Q2 2021) with improvement in Construction despite continued cost pressures.

Reported income tax expense of $228 million and adjusted income tax expense⁽¹⁾ of $185 million, with adjusted effective tax rate (adjusted ETR⁽¹⁾) of 25.0%,

Free cash flow of Industrial Activities was $404 million. Manufacturing inventories remain high, amid supply chain constraints, while finished goods inventories are lean relative to sales. Total Debt of $20.8 billion at June 30, 2022 ($20.9 billion at December 31, 2021).

Industrial Activities Net Debt⁽¹⁾ position at $1.6 billion, an increase of $438 million from December 31, 2021.

Available liquidity at $8,795 million as of June 30, 2022. In April, CNH Industrial Capital LLC’s 4.375% $500 million notes matured. In May, CNH Industrial Capital LLC issued a 3.950% $500 million notes due in 2025. In May, CNH Industrial paid €379 million (~$412 million) in dividends to shareholders. During the quarter, CNH Industrial received proceeds of $350 million for the sale of the Raven Engineered Films Division.

The Board of Directors approved a $300 million share buyback program to be launched at the completion of the existing $100 million program.

1

Agriculture
	Q2 2022		Q2 2021(1)		Change		Change at c.c.(3)
Net sales ($ million)		4,722		3,970		+19%		+22%
Adjusted EBIT ($ million)		663		582		+81
Adjusted EBIT margin		14.0%		14.7%		-70 bps

In North America, industry volume was flat for tractors over 140 HP and was down 16% for tractors under 140 HP; combines were up 3%. In Europe, Middle East and Africa (EMEA), tractor and combine demand was down 1% and 24%, respectively, with combine demand up when excluding Turkey and Russia. South America tractor demand was up 4% and combine demand was down 14%. Asia Pacific tractor demand was up 11% and combine demand was up 21%.

Net sales were up 19%, due to favorable price realization and better mix, mostly driven by North America and South America.

Gross profit margin was 23.4%, with Gross Profit $150 million higher than in Q2 2021, mainly due to better mix and favorable price realization primarily in North America and South America, partially offset by higher production and raw material costs across all regions.

Adjusted EBIT was $663 million ($582 million for Q2 2021), with Adjusted EBIT margin at 14.0%. The $81 million increase was driven by higher gross profit, partially offset by higher SG&A costs, and increased R&D spend.

Order book in Agriculture was up almost 5% year over year for tractors. Order book for combines was down almost 6%, with declines in North America and South America offset partially by growth in EMEA. At more than 3 times the pre-pandemic levels, order books remain strong in all regions and key products, with the company accepting orders only through Q1 2023 in most regions as cost uncertainties remain.

Construction
	Q2 2022		Q2 2021(1)		Change		Change at c.c.(3)
Net sales ($ million)		891		808		+10%		+12%
Adjusted EBIT ($ million)		34		24		+10
Adjusted EBIT margin		3.8%		3.0%		+80 bps

Global industry volume for construction equipment decreased in both Heavy and Light sub-segments, with Heavy down 18% and Light down 12%, mostly driven by a 29% decrease in Light and Heavy equipment demand for Asia Pacific, particularly in China. Demand decreased 3% in North America, 3% in EMEA and increased 22% in South America.

Net sales were up 10%, driven by price realization and contribution from the Sampierana business, partially offset by lower volume in all regions except South America.

Gross profit margin was 13.8%, up 1.4% compared to Q2 2021, mainly due to higher volumes and favorable price realization, partially offset by unfavorable fixed costs absorption and higher freight and raw material costs.

Adjusted EBIT increased $10 million due to favorable volume and mix and positive price realization, partially offset by higher freight and raw material costs and increased SG&A spend. Adjusted EBIT margin at 3.8%.

Construction order book up more than 20% year over year in both Heavy and Light sub-segments, with increases in the North America, EMEA and South America regions.

Financial Services
	Q2 2022		Q2 2021(1)		Change		Change at c.c.(3)
Revenue ($ million)		471		392		+20%		+20%
Net income ($ million)		95		85		+10
Equity at quarter-end ($ million)		2,211		2,185		+26
Retail loan originations ($ million)		2,440		2,407		+1.4%

Revenues were up 20% due to higher used equipment sales, higher base rates in South America and higher average portfolios in all regions, partially offset by lower average retail yields in North America.

Net income increased $10 million to $95 million, primarily as a result of higher recoveries on used equipment sales, higher base rates in South America, and higher average portfolios in all regions, offset by increased income taxes and unfavorable risk costs.

The managed portfolio (including unconsolidated joint ventures) was $21.1 billion as of June 30, 2022 (of which retail was 70% and wholesale 30%), up $0.6 billion compared to June 30, 2021 (up $1.7 billion on a constant currency basis).

The receivable balance greater than 30 days past due as a percentage of receivables was 1.5% (1.5% as of June 30, 2021).

2022 Outlook

The Company is substantially confirming the following 2022 outlook for its Industrial Activities:

• Net sales⁽⁵⁾ up between 12% and 14% year on year including currency translation effects

• SG&A expenses lower or equal to 7.5% of net sales

• Free cash flow in excess of $1.0 billion

• R&D expenses and capital expenditures at around $1.4 billion

Significant uncertainties remain in all regions, linked to rising inflation, geopolitical instability, the war in Ukraine and continuing COVID-19 infection waves, all these factors may affect our forecast for the year.

2

RESULTS FOR THE SIX MONTHS ENDED JUNE 30, 2022

Consolidated revenues of $10,727 million (up 15.7% year on year, up 18% at constant currency), net income of $888 million, with adjusted diluted EPS of $0.70, adjusted EBIT of Industrial Activities of $1,083 million, and free cash flow absorption of $655 million (Industrial Activities).

Results for the Six Months Ended June 30, 2022

(all amounts $ million, comparison vs Q2 2021 continuing operations - unless otherwise stated)

US-GAAP
	Q2 2022			PY(1)		Change			Change at c.c.(3)
Consolidated revenue		10,727			9,270		+15.7%			+18%
of which Net sales of Industrial Activities		9,793			8,472		+15.6%			+18%
Net income		888			877		+11
Diluted EPS $		0.65			0.64		+0.01
Cash flow from operating activities		(1,158)			801		(1,959)
Cash and cash equivalents(7)		2,855			5,044		(2,189)
Gross profit margin of Industrial Activities		21.8%			22.0%		-20bps
NON-GAAP(2)
	Q2 2022			PY(1)		Change
Adjusted EBIT of Industrial Activities		1,083			965		+118
Adjusted EBIT Margin of Industrial Activities		11.1%			11.4%		-30bps
Adjusted net income		961			859		+102
Adjusted diluted EPS $		0.70			0.63		+0.07
Free Cash flow of Industrial Activities		(655	)		772		(1,427	)
Available liquidity(7)		8,795			10,521		(1,726	)
Adjusted gross margin of Industrial Activities		22.1%			22.0%		+10bps

Agriculture
	YTD Q2 2022		YTD Q2 2021(1)		Change		Change at c.c.(3)
Net sales ($ million)		8,099		7,008		+16%		+18%
Adjusted EBIT ($ million)		1,089		981		+108
Adjusted EBIT margin		13.4%		14.0%		-60bps
Construction
	YTD Q2 2022		YTD Q2 2021(1)		Change		Change at c.c.(3)
Net sales ($ million)		1,694		1,464		+16%		+17%
Adjusted EBIT ($ million)		66		49		+17
Adjusted EBIT margin		3.9%		3.3%		+60bps
Financial Services
	YTD Q2 2022		YTD Q2 2021(1)		Change		Change at c.c.(3)
Revenues ($ million)		937		789		+19%		+19%
Net income ($ million)		177		163		+14

3

Notes

CNH Industrial reports quarterly and annual consolidated financial results under U.S. GAAP and EU-IFRS. The tables and discussion related to the financial results of the Company and its segments shown in this press release are prepared in accordance with U.S. GAAP. Financial results under EU-IFRS are shown in specific tables at the end of this press release.

1. Effective January 1, 2022, the Iveco Group business was separated from CNH Industrial N.V. by way of a demerger under Dutch law to Iveco Group N.V. and Iveco Group became a public listed company independent from CNH Industrial. Accordingly, that business is presented as discontinued operations beginning in the first quarter of 2022. The Company has reclassified the financial results of Iveco Group to Net income (loss) from discontinued operations in the Condensed Consolidated Statements of Operations for all periods presented. The Company has reclassified the related assets and liabilities as Assets held for distribution and Liabilities held for distribution on the Condensed Consolidated Balance Sheets as of December 31, 2021. Cash flows from the Company’s discontinued operations are presented in the Condensed Consolidated Statements of Cash Flows for all periods. All comparative figures shown exclude the results of the discontinued operations.

2. This item is a non-GAAP financial measure. Refer to the “Non-GAAP Financial Information” section of this press release for information regarding non-GAAP financial measures. Refer to the specific table in the “Other Supplemental Financial Information” section of this press release for the reconciliation between the non-GAAP financial measure and the most comparable GAAP financial measure.

3. c.c. means at constant currency.

4. Certain financial information in this report has been presented by geographic area. Our geographical regions are: (1) North America; (2) Europe, Middle East and Africa; (3) South America and (4) Asia Pacific. The geographic designations have the following meanings:

a.     North America: United States, Canada, and Mexico;

b.     Europe, Middle East, and Africa: member countries of the European Union, European Free Trade Association, the United Kingdom, Ukraine, Balkans, Russia, Turkey, the African continent, and the Middle East;

c.     South America: Central and South America, and the Caribbean Islands; and

d.     Asia Pacific: Continental Asia (including the Indian subcontinent) and Oceania.

5. Net sales reflecting the exchange rate of 1.05 EUR/USD

6. Comparison vs. March 31, 2022

7. Comparison vs. December 31, 2021

Non-GAAP Financial Information

CNH Industrial monitors its operations through the use of several non-GAAP financial measures. CNH Industrial’s management believes that these non-GAAP financial measures provide useful and relevant information regarding its operating results and enhance the readers’ ability to assess CNH Industrial’s financial performance and financial position. Management uses these non-GAAP measures to identify operational trends, as well as make decisions regarding future spending, resource allocations and other operational decisions as they provide additional transparency with respect to our core operations. These non-GAAP financial measures have no standardized meaning under U.S. GAAP or EU-IFRS and are unlikely to be comparable to other similarly titled measures used by other companies and are not intended to be substitutes for measures of financial performance and financial position as prepared in accordance with U.S. GAAP and/or EU-IFRS.

CNH Industrial’s non-GAAP financial measures are defined as follows:

• Adjusted EBIT of Industrial Activities under U.S. GAAP is defined as net income (loss) before income taxes, Financial Services’ results, Industrial Activities’ interest expenses, net, foreign exchange gains/losses, finance and non-service component of pension and other post-employment benefit costs, restructuring expenses, and certain non-recurring items. In particular, non-recurring items are specifically disclosed items that management considers rare or discrete events that are infrequent in nature and not reflective of on-going operational activities.

• Adjusted EBIT of Industrial Activities under EU-IFRS: is defined as profit/(loss) before taxes, Financial Services’ results, Industrial Activities’ financial expenses, restructuring costs, and certain non-recurring items.

• Adjusted Net Income (Loss): is defined as net income (loss), less restructuring charges and non-recurring items, after tax.

• Adjusted Diluted EPS: is computed by dividing Adjusted Net Income (loss) attributable to CNH Industrial N.V. by a weighted-average number of common shares outstanding during the period that takes into consideration potential common shares outstanding deriving from the CNH Industrial share-based payment awards, when inclusion is not anti-dilutive. When we provide guidance for adjusted diluted EPS, we do not provide guidance on a earnings per share basis because the GAAP measure will include potentially significant items that have not yet occurred and are difficult to predict with reasonable certainty prior to year-end.

• Adjusted Income Taxes: is defined as income taxes less the tax effect of restructuring expenses and non-recurring items, and non-recurring tax charges or benefits.

• Adjusted Effective Tax Rate (Adjusted ETR): is computed by dividing a) adjusted income taxes by b) income (loss) before income taxes and equity in income of unconsolidated subsidiaries and affiliates, less restructuring expenses and non-recurring items.

• Adjusted Gross Profit Margin of Industrial Activities: is computed by dividing Net sales less Cost of goods sold, as adjusted by non-recurring items, by Net sales.

• Net Cash (Debt) and Net Cash (Debt) of Industrial Activities: Net Cash (Debt) is defined as total debt less intersegment notes receivable, cash and cash equivalents, restricted cash, other current financial assets (primarily current securities, short-term deposits and investments towards high-credit rating counterparties) and derivative hedging debt. CNH Industrial provides the reconciliation of Net Cash (Debt) to Total (Debt), which is the most directly comparable measure included in the consolidated balance sheets. Due to different sources of cash flows used for the repayment of the debt between Industrial Activities and Financial Services (by cash from operations for Industrial Activities and by collection of financing receivables for Financial Services), management separately evaluates the cash flow performance of Industrial Activities using Net Cash (Debt) of Industrial Activities.

• Free Cash Flow of Industrial Activities (or Industrial Free Cash Flow): refers to Industrial Activities only, and is computed as consolidated cash flow from operating activities less: cash flow from operating activities of Financial Services; investments of Industrial Activities in assets sold under operating leases, property, plant and equipment and intangible assets; change in derivatives hedging debt of Industrial Activities; as well as other changes and intersegment eliminations.

4

• Available Liquidity: is defined as cash and cash equivalents plus restricted cash, undrawn medium-term unsecured committed facilities, net receivables/payables with Iveco Group N.V. and other current financial assets (primarily current securities, short-term deposits and investments in instruments of high-credit rating counterparties).

• Change excl. FX or Constant Currency: CNH Industrial discusses the fluctuations in revenues on a constant currency basis by applying the prior year average exchange rates to current year’s revenues expressed in local currency in order to eliminate the impact of foreign exchange rate fluctuations

The tables attached to this press release provide reconciliations of the non-GAAP measures used in this press release to the most directly comparable GAAP measures.

Forward-looking statements

All statements other than statements of historical fact contained in this earning release, including competitive strengths; business strategy; future financial position or operating results; budgets; projections with respect to revenue, income, earnings (or loss) per share, capital expenditures, dividends, liquidity, capital structure or other financial items; costs; and plans and objectives of management regarding operations and products, are forward-looking statements. Forward looking statements also include statements regarding the future performance of CNH Industrial and its subsidiaries on a standalone basis. These statements may include terminology such as “may”, “will”, “expect”, “could”, “should”, “intend”, “estimate”, “anticipate”, “believe”, “outlook”, “continue”, “remain”, “on track”, “design”, “target”, “objective”, “goal”, “forecast”, “projection”, “prospects”, “plan”, or similar terminology. Forward-looking statements, including those related to the COVID-19 pandemic, are not guarantees of future performance. Rather, they are based on current views and assumptions and involve known and unknown risks, uncertainties and other factors, many of which are outside our control and are difficult to predict. If any of these risks and uncertainties materialize (or they occur with a degree of severity that the Company is unable to predict) or other assumptions underlying any of the forward-looking statements prove to be incorrect, including any assumptions regarding strategic plans, the actual results or developments may differ materially from any future results or developments expressed or implied by the forward-looking statements. Factors, risks and uncertainties that could cause actual results to differ materially from those contemplated by the forward-looking statements include, among others: the continued uncertainties related to the unknown duration and economic, operational and financial impacts of the global COVID-19 pandemic and the actions taken or contemplated by governmental authorities or others in connection with the pandemic on our business, our employees, customers and suppliers; supply chain disruptions, including delays caused by mandated shutdowns, industry capacity constraints, material availability, and global logistics delays and constraints; disruption caused by business responses to COVID-19, including remote working arrangements, which may create increased vulnerability to cybersecurity or data privacy incidents; our ability to execute business continuity plans as a result of COVID-19; the many interrelated factors that affect consumer confidence and worldwide demand for capital goods and capital goods-related products, including demand uncertainty caused by COVID-19; general economic conditions in each of our markets, including the significant economic uncertainty and volatility caused by the war in the Ukraine and COVID-19; changes in government policies regarding banking, monetary and fiscal policy; legislation, particularly pertaining to capital goods-related issues such as agriculture, the environment, debt relief and subsidy program policies, trade and commerce and infrastructure development; government policies on international trade and investment, including sanctions, import quotas, capital controls and tariffs; volatility in international trade caused by the imposition of tariffs, sanctions, embargoes, and trade wars; actions of competitors in the various industries in which we compete; development and use of new technologies and technological difficulties; the interpretation of, or adoption of new, compliance requirements with respect to engine emissions, safety or other aspects of our products; production difficulties, including capacity and supply constraints and excess inventory levels; labor relations; interest rates and currency exchange rates; inflation and deflation; energy prices; prices for agricultural commodities; housing starts and other construction activity; our ability to obtain financing or to refinance existing debt; price pressure on new and used equipment; the resolution of pending litigation and investigations on a wide range of topics, including dealer and supplier litigation, intellectual property rights disputes, product warranty and defective product claims, and emissions and/or fuel economy regulatory and contractual issues; security breaches, cybersecurity attacks, technology failures, and other disruptions to the information technology infrastructure of CNH Industrial and its suppliers and dealers; security breaches with respect to our products; our pension plans and other post-employment obligations; political and civil unrest; volatility and deterioration of capital and financial markets, including other pandemics, terrorist attacks in Europe and elsewhere; our ability to realize the anticipated benefits from our business initiatives as part of our strategic plan; our failure to realize, or a delay in realizing, all of the anticipated benefits of our acquisitions, joint ventures, strategic alliances or divestitures and other similar risks and uncertainties, and our success in managing the risks involved in the foregoing.

Forward-looking statements are based upon assumptions relating to the factors described in this earnings release, which are sometimes based upon estimates and data received from third parties. Such estimates and data are often revised. Actual results may differ materially from the forward-looking statements as a result of a number of risks and uncertainties, many of which are outside CNH Industrial’s control. CNH Industrial expressly disclaims any intention or obligation to provide, update or revise any forward-looking statements in this announcement to reflect any change in expectations or any change in events, conditions or circumstances on which these forward-looking statements are based. Further information concerning CNH Industrial, including factors that potentially could materially affect CNH Industrial’s financial results, is included in CNH Industrial’s reports and filings with the U.S. Securities and Exchange Commission (“SEC”), the Autoriteit Financiële Markten (“AFM”) and Commissione Nazionale per le Società e la Borsa (“CONSOB”).

All future written and oral forward-looking statements by CNH Industrial or persons acting on the behalf of CNH Industrial are expressly qualified in their entirety by the cautionary statements contained herein or referred to above.

Conference Call and Webcast

Today, at 3:30 p.m. CEST / 2:30 p.m. BST/ 9:30 a.m. EDT, management will hold a conference call to present second quarter 2022 results to financial analysts and institutional investors. The call can be followed live online at https://bit.ly/CNH_Industrial_Q2_2022 and a recording will be available later on the Company’s website www.cnhindustrial.com. A presentation will be made available on the CNH Industrial website prior to the call.

London, July 29, 2022

CONTACTS

Media Inquiries – Laura Overall Tel +44 207 925 1964 or Rebecca Fabian Tel +1 312 515 2249 (Email mediarelations@cnhind.com)

Investor Relations – Noah Weiss Tel +1 773 896 5242 or Federico Pavesi Tel +39 345 605 6218

5

CNH INDUSTRIAL N.V.

Condensed Consolidated Statements of Operations for the three and six months ended June 30, 2022 and 2021

(Unaudited, U.S.-GAAP)

	Three Months Ended June 30,				Six Months Ended June 30,
($ million)	2022		2021		2022		2021
Revenues
Net sales		5,613		4,778		9,793		8,472
Finance, interest and other income		469		396		934		798
TOTAL REVENUES		6,082		5,174		10,727		9,270
Costs and Expenses
Cost of goods sold		4,377		3,716		7,663		6,612
Selling, general and administrative expenses		424		355		802		674
Research and development expenses		212		164		396		296
Restructuring expenses		6		5		8		6
Interest expense		162		137		300		290
Other, net		148		156		331		298
TOTAL COSTS AND EXPENSES		5,329		4,533		9,500		8,176
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES AND EQUITY IN INCOME OF UNCONSOLIDATED SUBSIDIARIES AND AFFILIATES		753		641		1,227		1,094
Income tax (expense) benefit		(228)		(152)		(387)		(268)
Equity in income (loss) of unconsolidated subsidiaries and affiliates		27		25		48		51
Net income (loss) from continuing operations		552		514		888		877
Net income (loss) from discontinued operations		—		185		—		247
NET INCOME (LOSS)		552		699		888		1,124
Net income attributable to noncontrolling interests		4		9		7		26
NET INCOME (LOSS) ATTRIBUTABLE TO CNH INDUSTRIAL N.V.		548		690		881		1,098
Basic earnings (loss) per share attributable to common shareholders (in $)
Continuing operations		0.40		0.38		0.65		0.64
Discontinued operations		—		0.13		—		0.17
Basic earnings per share attributable to CNH Industrial N.V.		0.40		0.51		0.65		0.81
Diluted earnings (loss) per share attributable to common shareholders (in $)
Continuing operations		0.40		0.38		0.65		0.64
Discontinued operations		—		0.13		—		0.17
Diluted earnings per share attributable to CNH Industrial N.V.		0.40		0.51		0.65		0.81
Average shares outstanding (in millions)
Basic		1,355		1,354		1,355		1,354
Diluted		1,360		1,361		1,360		1,360
Cash dividends declared per common share		0.302		0.132		0.302		0.132

These Condensed Consolidated Statements of Operations should be read in conjunction with the Company’s Audited Consolidated Financial Statements and Notes for the year ended December 31, 2021 included in the Annual Report on Form 20-F. These Condensed Consolidated Statements of Operations represent the consolidation of all CNH Industrial N.V. subsidiaries.

6

CNH INDUSTRIAL N.V.

Condensed Consolidated Balance Sheets as of June 30, 2022 and December 31, 2021

(Unaudited, U.S.-GAAP)

($ million)	June 30, 2022		December 31, 2021
ASSETS
Cash and cash equivalents		2,855		5,044
Restricted cash		729		801
Financing receivables, net		16,537		15,376
Receivables from Iveco Group N.V.		281		—
Inventories, net		5,473		4,216
Property, plant and equipment, net and equipment under operating lease		3,043		3,213
Intangible assets, net		4,435		4,417
Other receivables and assets		2,295		2,803
Assets held for distribution		—		13,546
TOTAL ASSETS		35,648		49,416
LIABILITIES AND EQUITY
Debt		20,817		20,897
Payables to Iveco Group N.V.		73		502
Other payables and liabilities		8,915		9,272
Liabilities held for distribution		—		11,892
Total Liabilities		29,805		42,563
Redeemable noncontrolling interest		49		45
Equity		5,794		6,808
TOTAL LIABILITIES AND EQUITY		35,648		49,416

These Condensed Consolidated Balance Sheets should be read in conjunction with the Company’s Audited Consolidated Financial Statements and Notes for the year ended December 31, 2021, included in the Annual Report on Form 20-F. These Condensed Consolidated Balance Sheets represent the consolidation of all CNH Industrial N.V. subsidiaries.

7

CNH INDUSTRIAL N.V.

Condensed Consolidated Statement of Cash Flows for the six months ended June 30, 2022 and 2021

(Unaudited, U.S.-GAAP)

	Six Months Ended June 30,
($ million)	2022		2021
Net income (loss)		888		1,124
Less: Net income (loss) of Discontinued Operations		—		247
Net income (loss) of Continuing Operations		888		877
Adjustments to reconcile net income (loss) from Continuing Operations to net cash provided by (used in) operating activities from Continuing Operations:		(2,046)		(76)
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES FROM CONTINUING OPERATIONS		(1,158)		801
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES FROM DISCONTINUED OPERATIONS		—		570
TOTAL NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES		(1,158)		1,371
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES FROM CONTINUING OPERATIONS		(1,000)		(612)
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES FROM DISCONTINUED OPERATIONS		—		(153)
TOTAL NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES		(1,000)		(765)
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES FROM CONTINUING OPERATIONS		72		(1,111)
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES FROM DISCONTINUED OPERATIONS		—		(370)
TOTAL NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES		72		(1,481)
Effect of foreign exchange rate changes on cash and cash equivalents and restricted cash		(175)		(170)
DECREASE IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH		(2,261)		(1,045)
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF YEAR		5,845		9,629
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD		3,584		8,584
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD (Discontinued Operations)		—		680
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD (Continuing Operations)		3,584		7,904

These Condensed Consolidated Statements of Cash Flows should be read in conjunction with the Company’s Audited Consolidated Financial Statements and Notes for the year ended December 31, 2021 included in the Annual Report on Form 20-F. These Condensed Consolidated Statements of Cash Flows represent the consolidation of all CNH Industrial N.V. subsidiaries.

8

CNH INDUSTRIAL N.V.

Supplemental Statements of Operations for the three months ended June 30, 2022 and 2021

(Unaudited, U.S.-GAAP)

	Three Months Ended June 30, 2022											Three Months Ended June 30, 2021
($ million)	Industrial   Activities(1)			Financial Services			Eliminations			Consolidated		Industrial   Activities(1)			Financial Services			Eliminations			Consolidated
Revenues
Net sales		5,613			—			—			5,613		4,778			—			—			4,778
Finance, interest and other income		15			471			(17	)  (2)		469		14			392			(10	)  (2)		396
TOTAL REVENUES		5,628			471			(17	)		6,082		4,792			392			(10	)		5,174
Costs and Expenses
Cost of goods sold		4,377			—			—			4,377		3,716			—			—			3,716
Selling, general and administrative expenses		381			43			—			424		333			22			—			355
Research and development expenses		212			—			—			212		164			—			—			164
Restructuring expenses		6			—			—			6		5			—			—			5
Interest expense		50			129			(17	)  (3)		162		45			102			(10	)  (3)		137
Other, net		(21	)		169			—			148		(4	)		160			—			156
TOTAL COSTS AND EXPENSES		5,005			341			(17	)		5,329		4,259			284			(10	)		4,533
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES AND EQUITY IN INCOME OF UNCONSOLIDATED SUBSIDIARIES AND AFFILIATES		623			130			—			753		533			108			—			641
Income tax (expense) benefit		(190	)		(38	)		—			(228)		(126	)		(26	)		—			(152)
Equity in income (loss) of unconsolidated subsidiaries and affiliates		24			3			—			27		22			3			—			25
NET INCOME (LOSS) Continuing Operations		457			95			—			552		429			85			—			514
NET INCOME (LOSS) Discontinued Operations		—			—			—			—		171			14			—			185
NET INCOME (LOSS)		457			95			—			552		600			99			—			699

(1) Industrial Activities represents the enterprise without Financial Services. Industrial Activities includes the Company’s Agriculture and Construction segments, and other corporate assets, liabilities, revenues and expenses not reflected within Financial Services.

(2) Elimination of Financial Services’ interest income earned from Industrial Activities.

(3) Elimination of Industrial Activities’ interest expense to Financial Services.

9

CNH INDUSTRIAL N.V.

Supplemental Statements of Operations for the six months ended June 30, 2022 and 2021

(Unaudited, U.S.-GAAP)

	Six Months Ended June 30, 2022									Six Months Ended June 30, 2021
($ million)	Industrial Activities(1)		Financial Services		Eliminations			Consolidated		Industrial Activities(1)		Financial Services		Eliminations			Consolidated
Revenues
Net sales		9,793		—		—			9,793		8,472		—		—			8,472
Finance, interest and other income		25		937		(28)	(2)		934		27		789		(18)	(2)		798
TOTAL REVENUES		9,818		937		(28)			10,727		8,499		789		(18)			9,270
Costs and Expenses
Cost of goods sold		7,663		—		—			7,663		6,612		—		—			6,612
Selling, general and administrative expenses		710		92		—			802		619		55		—			674
Research and development expenses		396		—		—			396		296		—		—			296
Restructuring expenses		8		—		—			8		6		—		—			6
Interest expense		95		233		(28)	(3)		300		98		210		(18)	(3)		290
Other, net		(38)		369		—			331		(17)		315		—			298
TOTAL COSTS AND EXPENSES		8,834		694		(28)			9,500		7,614		580		(18)			8,176
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES AND EQUITY IN INCOME OF UNCONSOLIDATED SUBSIDIARIES AND AFFILIATES		984		243		—			1,227		885		209		—			1,094
Income tax (expense) benefit		(313)		(74)		—			(387)		(216)		(52)		—			(268)
Equity in income (loss) of unconsolidated subsidiaries and affiliates		40		8		—			48		45		6		—			51
NET INCOME (LOSS) Continuing Operations		711		177		—			888		714		163		—			877
NET INCOME (LOSS) Discontinued Operations		—		—		—			—		220		27		—			247
NET INCOME (LOSS)		711		177		—			888		934		190		—			1,124

(1) Industrial Activities represents the enterprise without Financial Services. Industrial Activities includes the Company’s Agriculture and Construction segments, and other corporate assets, liabilities, revenues and expenses not reflected within Financial Services.

(2) Elimination of Financial Services’ interest income earned from Industrial Activities.

(3) Elimination of Industrial Activities’ interest expense to Financial Services.

10

CNH INDUSTRIAL N.V.

Supplemental Balance Sheets as of June 30, 2022 and December 31, 2021

(Unaudited, U.S.-GAAP)

	June 30, 2022								December 31, 2021
($ million)	Industrial Activities(1)		Financial   Services		Eliminations		Consolidated		Industrial   Activities(1)		Financial   Services		Eliminations		Consolidated
ASSETS
Cash and cash equivalents		2,430		425	—			2,855		4,386		658	—			5,044
Restricted cash		144		585	—			729		128		673	—			801
Financing receivables, net		694		16,691	(848)	(2)		16,537		199		15,508	(331)	(2)		15,376
Receivables from Iveco Group N.V.		220		61	—			281		—		—	—			—
Inventories, net		5,455		18	—			5,473		4,187		29	—			4,216
Property, plant and equipment, net and equipment on operating lease		1,458		1,585	—			3,043		1,504		1,709	—			3,213
Intangible assets, net		4,273		162	—			4,435		4,255		162	—			4,417
Other receivables and assets		2,305		478	(488)	(3)		2,295		2,656		345	(198)	(3)		2,803
Assets held for distribution		—		—	—			—		9,814		4,543	(811)			13,546
TOTAL ASSETS		16,979		20,005	(1,336)			35,648		27,129		23,627	(1,340)			49,416
LIABILITIES AND EQUITY
Debt		4,997		16,668	(848)	(2)		20,817		5,485		15,743	(331)	(2)		20,897
Payables to Iveco Group N.V.		8		65	—			73		334		168	—			502
Other payables and liabilities		8,342		1,061	(488)	(3)		8,915		8,426		1,044	(198)	(3)		9,272
Liabilities held for distribution		—		—	—			—		8,985		3,718	(811)			11,892
Total Liabilities		13,347		17,794	(1,336)			29,805		23,230		20,673	(1,340)			42,563
Redeemable noncontrolling interest		49		—	—			49		45		—	—			45
Equity		3,583		2,211	—			5,794		3,854		2,954	—			6,808
TOTAL LIABILITIES AND EQUITY		16,979		20,005	(1,336)			35,648		27,129		23,627	(1,340)			49,416

(1) Industrial Activities represents the enterprise without Financial Services. Industrial Activities includes the Company’s Agriculture and Construction segments, and other corporate assets, liabilities, revenues and expenses not reflected within Financial Services.

(2) This item includes the elimination of receivables/payables between Industrial Activities and Financial Services.

(3) This item primarily represents the reclassification of deferred tax assets/liabilities in the same taxing jurisdiction and elimination of intercompany activity between Industrial Activities and Financial Services.

11

CNH INDUSTRIAL N.V.

Supplemental Statements of Cash Flows for the six months ended June 30, 2022 and 2021

(Unaudited, U.S.-GAAP)

	Six months ended June 30, 2022											Six months ended June 30, 2021
($ million)	Industrial Activities(1)			Financial   Services			Eliminations	(3)	Consolidated			Industrial   Activities(1)			Financial   Services			Eliminations	(3)	Consolidated
Net income (loss)		711			177		—			888			934			190		—			1,124
Less: Net income (loss) of Discontinued Operations		—			—		—			—			220			27		—			247
Net income (loss) of Continuing Operations		711			177		—			888			714			163		—			877
Adjustments to reconcile net income (loss) from Continuing Operations to net cash provided by (used in) operating activities from Continuing Operations:		(1,192	)		(764	)	(90)	(2)		(2,046	)		167			(163	)	(80)			(76	)
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES FROM CONTINUING OPERATIONS		(481	)		(587	)	(90)			(1,158	)		881			—		(80)			801
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES FROM DISCONTINUED OPERATIONS		—			—		—			—			342			230		(2)			570
TOTAL NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES		(481	)		(587	)	(90)			(1,158	)		1,223			230		(82)			1,371
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES FROM CONTINUING OPERATIONS		(764	)		(236	)	—			(1,000	)		(363	)		(255	)	6			(612	)
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES FROM DISCONTINUED OPERATIONS		—			—		—			—			(280	)		125		2			(153	)
TOTAL NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES		(764	)		(236	)	—			(1,000	)		(643	)		(130	)	8			(765	)
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES FROM CONTINUING OPERATIONS		(513	)		495		90			72			(1,077	)		(108	)	74			(1,111	)
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES FROM DISCONTINUED OPERATIONS		—			—		—			—			(20	)		(350	)	—			(370	)
TOTAL NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES		(513	)		495		90	(4)		72			(1,097	)		(458	)	74			(1,481	)
Effect of foreign exchange rate changes on cash and cash equivalents and restricted cash		(182	)		7		—			(175	)		(168	)		(2	)	—			(170	)
DECREASE IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH		(1,940	)		(321	)	—			(2,261	)		(685	)		(360	)	—			(1,045	)
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF YEAR		4,514			1,331		—			5,845			8,116			1,513		—			9,629
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD		2,574			1,010		—			3,584			7,431			1,153		—			8,584
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD (DISCONTINUED OPERATIONS)		—			—		—			—			561			119		—			680
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD (CONTINUING OPERATIONS)		2,574			1,010		—			3,584			6,870			1,034		—			7,904

(1) Industrial Activities represents the enterprise without Financial Services. Industrial Activities includes the Company’s Agriculture and Construction segments, and other corporate assets, liabilities, revenues and expenses not reflected within Financial Services.

(2) This item includes the elimination of dividends from Financial Services to Industrial Activities, which are included in Industrial Activities net cash used in operating activities.

(3) This item includes the elimination of certain minor activities between Industrial Activities and Financial Services.

(4) This item includes the elimination of paid in capital from Industrial Activities to Financial Services.

12

Other Supplemental Financial Information

(Unaudited)

Reconciliation of Consolidated Net Income to Adjusted EBIT of Industrial Activities by segment under U.S.-GAAP
($ million)	Three Months ended June 30, 2022
	Agriculture		Construction		Unallocated items,     eliminations and other		Total
Consolidated Net income								552
Less: Consolidated Income tax (expense) benefit								(228)
Consolidated Income before taxes								780
Less: Financial Services
Financial Services Net income								95
Financial Services Income taxes								38
Add back of the following Industrial Activities items:
Interest expenses, net of interest income and eliminations								35
Foreign exchange (gains) losses, net								(13)
Finance and non-service component of Pension and other post-employment benefit costs(1)								(40)
Adjustments for the following Industrial Activities items:
Restructuring expenses		3		3		—		6
Other discrete items(2)		—		—		19		19
Adjusted EBIT of Industrial Activities		663		34		(43)		654
		Three Months ended June 30, 2021
		Agriculture		Construction		Unallocated items,     eliminations and other		Total
Consolidated Net income								699
Less: Consolidated Net Income (loss) of Discontinued Operations								185
Consolidated Net income (loss) of Continuing Operations								514
Less: Consolidated Income tax (expense) benefit								(152)
Consolidated Income (loss) before taxes (continuing operations)								666
Less: Financial Services
Financial Services Net income								85
Financial Services Income taxes								26
Add back of the following Industrial Activities items:
Interest expenses, net of interest income and eliminations								31
Foreign exchange (gains) losses, net								4
Finance and non-service component of Pension and other post-employment benefit costs(1)								(35)
Adjustments for the following Industrial Activities items:
Restructuring expenses		2		3		—		5
Other discrete items(2)		—		—		12		12
Adjusted EBIT of Industrial Activities		582		24		(34)		572

(1) In the three months ended June 30, 2022, this item includes the pre-tax gain of $30 million as a result of the amortization over approximately 4.5 years of the $527 million positive impact from the 2018 modification of a healthcare plan in the U.S. and a pre-tax gain of $6 million as a result of the amortization over the 4 years of the $101 million positive impact from the 2021 modifications of a healthcare plan in the U.S. In the three months ended June 30, 2021, this item includes the pre-tax gain of $30 million as a result of the 2018 modification.

(2) In the three months ended June 30, 2022, this item included $16 million related to the activity of the Raven segments held for sale, including the loss on the sale of the Engineered Films division. In the three months ended June 30, 2021, this item included $8 million separation costs in connection with the spin-off of the Iveco Group business.

13

Other Supplemental Financial Information

(Unaudited)

Reconciliation of Consolidated Net Income to Adjusted EBIT of Industrial Activities by segment under US-GAAP
($ million)	Six Months ended June 30, 2022
	Agriculture		Construction		Unallocated items,     eliminations and other			Total
Consolidated Net income									888
Less: Consolidated Income tax (expense) benefit									(387	)
Consolidated Income before taxes									1,275
Less: Financial Services
Financial Services Net income									177
Financial Services Income taxes									74
Add back of the following Industrial Activities items:
Interest expenses, net of interest income and eliminations									70
Foreign exchange (gains) losses, net									—
Finance and non-service component of Pension and other post-employment benefit costs(1)									(77	)
Adjustments for the following Industrial Activities items:
Restructuring expenses		5		3		—			8
Other discrete items(2)		—		—		58			58
Adjusted EBIT of Industrial Activities		1,089		66		(72	)		1,083
	Six Months ended June 30, 2021
	Agriculture		Construction		Unallocated items, eliminations and other			Total
Consolidated Net income									1,124
Less: Consolidated Net Income (loss) of Discontinued Operations									247
Consolidated Net income (loss) of Continuing Operations									877
Less: Consolidated Income tax (expense) benefit									(268	)
Consolidated Income (loss) before taxes (continuing operations)									1,145
Less: Financial Services
Financial Services Net income									163
Financial Services Income taxes									52
Add back of the following Industrial Activities items:
Interest expenses, net of interest income and eliminations									71
Foreign exchange (gains) losses, net									15
Finance and non-service component of Pension and other post-employment benefit costs(1)									(70	)
Adjustments for the following Industrial Activities items:
Restructuring expenses		4		2		—			6
Other discrete items(2)		—		—		13			13
Adjusted EBIT of Industrial Activities		981		49		(65	)		965

(1) In the six months ended June 30, 2022, this item includes the pre-tax gain of $60 million as a result of the amortization over approximately 4.5 years of the $527 million positive impact from the 2018 modification of a healthcare plan in the U.S. and a pre-tax gain of $12 million as a result of the amortization over the 4 years of the $101 million positive impact from the 2021 modifications of a healthcare plan in the U.S. In the six months ended June 30, 2021, this item includes the pre-tax gain of $60 million as a result of the 2018 modification.

(2) In the six months ended June 30, 2022, this item included $44 million of asset write-downs, $6 million of separation costs incurred in a connection with our spin-off of the Iveco Group Business and $8 million related to the activity of the Raven segments held for sale, including the loss on the sale of the Engineered Films division. In the six months ended June 30, 2021, this item included $9 million separation costs in connection with the spin-off of the Iveco Group business.

14

Other Supplemental Financial Information

(Unaudited)

Reconciliation of Total (Debt) to Net Cash (Debt) under US-GAAP
($ million)	Consolidated				Industrial Services				Financial Services
	June 30, 2022		December 31, 2021		June 30, 2022		December 31, 2021		June 30, 2022		December 31, 2021
Third party (debt)		(20,817)		(20,897)		(4,828)		(5,335)		(15,989)		(15,562)
Intersegment notes payable		—		—		(169)		(150)		(679)		(181)
Payable to Iveco Group N.V.(4)		(73)		(3,986)		(8)		(3,764)		(65)		(222)
Total (Debt)(1)		(20,890)		(24,883)		(5,005)		(9,249)		(16,733)		(15,965)
Cash and cash equivalents		2,855		5,044		2,430		4,386		425		658
Restricted cash		729		801		144		128		585		673
Intersegment notes receivable		—		—		679		181		169		150
Receivables from Iveco Group N.V.(4)		281		3,484		220		3,430		61		54
Other current financial assets(2)		1		1		1		1		—		—
Derivatives hedging debt		(33)		(3)		(33)		(3)		—		—
Net Cash (Debt)(3)		(17,057)		(15,556)		(1,564)		(1,126)		(15,493)		(14,430)

(1) Total (Debt) of Industrial Activities includes Intersegment notes payable to Financial Services of $169 million and $150 million as of June 30, 2022 and December 31, 2021, respectively. Total (Debt) of Financial Services includes Intersegment notes payable to Industrial Activities of $679 million and $181 million as of June 30, 2022 and December 31, 2021, respectively.

(2) This item includes short-term deposits and investments towards high-credit rating counterparties.

(3) The net intersegment receivable/(payable) balance recorded by Financial Services relating to Industrial Activities was ($510) million and ($31) million as of June 30, 2022 and December 31, 2021, respectively.

(4) For December 31, 2021, this item is shown net on the CNH Industrial balance sheet.

Reconciliation of Cash and cash equivalents to Available liquidity under US-GAAP
($ million)	June 30, 2022		March 31, 2022		December 31, 2021
Cash and cash equivalents		2,855		3,219		5,044
Restricted cash		729		842		801
Undrawn committed facilities		5,002		5,087		5,177
Receivables from Iveco Group N.V.		281		297		3,484
Payables to Iveco Group N.V.		(73)		(47)		(3,986)
Other current financial assets(1)		1		1		1
Available liquidity		8,795		9,399		10,521

(1) This item includes short-term deposits and investments towards high-credit rating counterparties.

15

Other Supplemental Financial Information

(Unaudited)

Change in Net Cash (Debt) of Industrial Activities under US-GAAP
Six Months ended June 30,					Three Months ended June 30,
2022		2021		($ million)	2022		2021
	(1,126)		(893)	Net Cash (Debt) of Industrial Activities at beginning of period		(2,086)		(688)
	1,083		965	Adjusted EBIT of Industrial Activities		654		572
	166		146	Depreciation and Amortization		84		74
	1		1	Depreciation of assets under operating leases		—		1
	(316)		(179)	Cash interest and taxes		(196)		(125)
	100		144	Changes in provisions and similar(1)		199		173
	(1,550)		(211)	Change in working capital		(254)		121
	(516)		866	Operating cash flow of Industrial Activities – Continuing operations		487		816
	(137)		(105)	Investments in property, plant and equipment, and intangible assets		(84)		(69)
	(2)		11	Other changes		1		38
	(655)		772	Free cash flow of Industrial Activities – Continuing operations		404		785
	(455)		(183)	Capital increases and dividends(3)		(434)		(182)
	672		156	Currency translation differences and other(2)		552		(63)
	(438)		745	Change in Net Cash (Debt) of Industrial Activities – Continuing operations		522		540
	(1,564)		(148)	Net Cash (Debt) of Industrial Activities at end of period		(1,564)		(148)

(1) Including other cash flow items related to operating lease.

(2) In the three and six months ended June 30, 2022 this item also includes the proceed of Raven Engineered Films Division for $350 million. In the six months ended June 30, 2021, this item also includes the charge of $8 million related to the repurchase of notes.

(3) In the three and six months ended June 30, 2022, this item also includes share buy-back transactions.

Reconciliation of Net cash provided by (used in) Operating Activities to Free cash flow of Industrial Activities under US-GAAP
Six Months ended June 30,					Three Months ended June 30,
2022		2021		($ million)	2022		2021
	(1,158)		801	Net cash provided by (used in) Operating Activities (Continuing Operations)		(271)		560
	677		80	Less: Cash flows from Operating Activities of Financial Services net of eliminations		773		256
	(29)		(7)	Change in derivatives hedging debt of Industrial Activities and other		(11)		5
	(6)		(8)	Investments in assets sold under operating lease assets of Industrial Activities		(4)		(5)
	(516)		866	Operating cash flow of Industrial Activities		487		816
	(137)		(105)	Investments in property, plant and equipment, and intangible assets of Industrial Activities		(84)		(69)
	(2)		11	Other changes(1)		1		38
	(655)		772	Free cash flow of Industrial Activities		404		785

(1) This item primarily includes change in intersegment financial receivables and capital increases in intersegment investments.

16

Other Supplemental Financial Information

(Unaudited)

Reconciliation of Adjusted net income and Adjusted income tax (expense) benefit to Net income (loss) and Income tax (expense) benefit and calculation of Adjusted diluted EPS and Adjusted ETR under US-GAAP
Six Months ended June 30,			Three Months ended June 30,
2022	2021	($ million)	2022	2021
888	877	Net income (loss) – Continuing Operations	552	514
9	(34)	Adjustments impacting Income (loss) before income tax (expense) benefit and equity in income of unconsolidated subsidiaries and affiliates (a)	(12)	(13)
64	16	Adjustments impacting Income tax (expense) benefit (b)	43	6
961	859	Adjusted net income (loss)	583	507
954	855	Adjusted net income (loss) attributable to CNH Industrial N.V.	579	506
1,360	1,360	Weighted average shares outstanding – diluted (million)	1,360	1,361
0.70	0.63	Adjusted diluted EPS ($)	0.43	0.37
1,227	1,094	Income (loss) from continuing operations before income tax (expense) benefit and equity in income of unconsolidated subsidiaries and affiliates	753	641
9	(34)	Adjustments impacting Income (loss) before income tax (expense) benefit and equity in income of unconsolidated subsidiaries and affiliates (a)	(12)	(13)
1,236	1,060	Adjusted income (loss) from continuing operations before income tax (expense) benefit and equity in income of unconsolidated subsidiaries and affiliates (A)	741	628
(387)	(268)	Income tax (expense) benefit	(228)	(152)
64	16	Adjustments impacting Income tax (expense) benefit (b)	43	6
(323)	(252)	Adjusted income tax (expense) benefit (B)	(185)	(146)
26.1%	23.7%	Adjusted Effective Tax Rate (Adjusted ETR) (C=B/A)	25.0%	23.2%
		a) Adjustments impacting Income (loss) from continuing operations before income tax (expense) benefit and equity in income of unconsolidated subsidiaries and affiliates
8	5	Restructuring expenses	5	5
—	8	Loss on repurchase of notes	—	—
(60)	(60)	Pre-tax gain related to the 2018 modification of a healthcare plan in the U.S.	(30)	(30)
(12)	—	Pre-tax gain related to the 2021 modification of a healthcare plan in the U.S.	(6)	—
44	—	Asset write-down: Industrial Activities, Russia Operations	—	—
15	—	Asset write-down: Financial Services, Russia Operations	—	—
6	9	Spin related costs	3	8
—	4	Other discrete items	—	4
8	—	Activity of the Raven Segments held for sale, including loss on sale of the Engineered Films Division	16	—
9	(34)	Total	(12)	(13)
		b) Adjustments impacting Income tax (expense) benefit
61	14	Tax effect of adjustments impacting Income (loss) before income tax (expense) benefit and equity in income of unconsolidated subsidiaries and affiliates(1)	39	7
3	2	Other	4	(1)
64	16	Total	43	6

(1) Includes $12 million of increase to the valuation allowances on historical deferred tax assets as a result of the suspension of operations in Russia.

17

Other Supplemental Financial Information

(Unaudited)

Reconciliation of Adjusted gross profit to gross profit under US-GAAP
Six Months ended June 30,				Three Months ended June 30,
2022	2021		($ million)	2022		2021
9,793		8,472	Net Sales (A)		5,613		4,778
7,663		6,612	Cost of goods sold		4,377		3,716
2,130		1,860	Gross profit (B)		1,236		1,062
34		—	Asset write down (Russia operations)		—		—
2,164		1,860	Adjusted gross profit (C)		1,236		1,062
21.8%		22.0 %	Gross profit margin (B ÷ A)		22.0%		22.2 %
22.1%		22.0 %	Adjusted gross profit margin (C ÷ A)		22.0%		22.2 %

Revenues by Segment under EU-IFRS
Six Months ended June 30,						Three Months ended June 30,
2022	2021		%   Change		($ million)	2022		2021		% Change
8,099		7,018		15.4%	Agriculture		4,722		3,979		18.7%
1,694		1,464		15.7%	Construction		891		808		10.3%
—		(1)		—	Eliminations and other		—		(1)		—
9,793		8,481		15.5%	Total Industrial Activities of Continuing Operations		5,613		4,786		17.3%
933		786		18.7%	Financial Services		468		390		20.0%
(19)		(12)		58.3%	Eliminations and other		(11)		(7)		—
10,707		9,255		15.7%	Total of Continuing Operations		6,070		5,169		17.4%

Adjusted EBIT of Industrial Activities(1) by Segment under EU-IFRS
	Three Months ended June 30,
	2022		2021		$ Change		2022 adjusted EBIT margin		2021 adjusted EBIT       margin
Agriculture		662		573		89		14.0%		14.4 %
Construction		31		23		8		3.5%		2.8 %
Unallocated items, eliminations and other		(43)		(37)		(6)		—		—
Adjusted EBIT of Industrial Activities of Continuing Operations		650		559		91		11.6%		11.7 %
(1)  This item is a non-GAAP financial measure. Refer to the “Non-GAAP Financial Information” section of this press release for information regarding non-GAAP financial measures.
Adjusted EBIT of Industrial Activities(1) by Segment under EU-IFRS
	Six Months ended June 30,
	2022		2021		$ Change		2022 adjusted EBIT       margin		2021 adjusted EBIT       margin
Agriculture		1,083		963		120		13.4%		13.7 %
Construction		61		47		14		3.6%		3.2 %
Unallocated items, eliminations and other		(73)		(71)		(2)		—		—
Adjusted EBIT of Industrial Activities of Continuing Operations		1,071		939		132		10.9%		11.1 %
(1)  This item is a non-GAAP financial measure. Refer to the “Non-GAAP Financial Information” section of this press release for information regarding non-GAAP financial measures.

18

Other Supplemental Financial Information

(Unaudited)

Other key data under EU-IFRS
	June 30, 2022		March 31, 2022		December 31, 2021
Total Assets		36,403		37,272		51,122
Total Equity		6,428		6,258		8,426
Equity attributable to CNH Industrial N.V.		6,421		6,251		8,393
Net Cash (Debt) of Continuing Operations		(17,422)		(17,454)		(15,840)
Net Cash (Debt) of Discontinued Operations		—		—		(1,480)
Net Cash (Debt) of CNH Industrial		(17,422)		(17,454)		(17,320)
of which Net Cash (Debt) of Industrial Activities(1) of Continuing Operations		(1,892)		(2,452)		(1,374)
of which Net Cash (Debt) of Industrial Activities(1) of Discontinued Operations		—		—		1,204
of which Net Cash (Debt) of Industrial Activities(1)		(1,892)		(2,452)		(170)
Net Income of Financial Services of Continuing Operations		159		73		357
Net Income of Financial Services of Discontinued Operations		—		—		71
Net Income of Financial Services of CNH Industrial Pre-Demerger		159		73		428

(1) This item is a non-GAAP financial measure. Refer to the “Non-GAAP Financial Information” section of this press release for information regarding non-GAAP financial measures.

Net income (loss) reconciliation US-GAAP to EU-IFRS
Six Months ended June 30,				Three Months ended June 30,
2022	2021		($ million)	2022		2021
888		877	Net income (loss) in accordance with U.S. GAAP		552		514
			Adjustments to conform with EU-IFRS:
(11)		(20)	Development costs		(4)		(9)
(108)		(66)	Other adjustments(1)		(56)		(35)
22		16	Tax impact on adjustments and other income tax differences		11		6
(97)		(70)	Total adjustments		(49)		(38)
791		807	Profit (loss) in accordance with EU-IFRS		503		476

(1) This item also includes the different accounting impacts from the modifications of a healthcare plan in the U.S.

Total Equity reconciliation US-GAAP to EU-IFRS
	June 30, 2022		March 31, 2022		December 31, 2021
Total Equity under U.S. GAAP		5,794		5,609		6,808
Adjustments to conform with EU-IFRS:
Development costs		751		783		2,058
Other adjustments		45		41		28
Tax impact on adjustments and other income tax differences		(162)		(175)		(468)
Total adjustments		634		649		1,618
Total Equity under EU-IFRS		6,428		6,258		8,426

19

Other Supplemental Financial Information

(Unaudited)

Translation of financial statements denominated in a currency other than the U.S. dollar
The principal exchange rates used to translate into U.S. dollars the financial statements prepared in currencies other than the U.S. dollar were as follows:
	Six months Ended June 30, 2022						Six months Ended June 30, 2021
	Average		At June 30		At December 31, 2021		Average		At June 30,
Euro		0.915		0.963		0.883		0.830		0.841
Pound sterling		0.770		0.826		0.742		0.720		0.722
Swiss franc		0.944		0.959		0.912		0.908		0.924
Polish zloty		4.239		4.506		4.059		3.764		3.804
Brazilian real		5.082		5.279		5.571		5.384		4.969
Canadian dollar		1.271		1.292		1.271		1.247		1.239
Turkish lira		14.870		16.738		13.450		7.900		8.685

Condensed Consolidated Income Statement for the three and six months ended June 30, 2022 and 2021
(Unaudited, EU-IFRS)	Three Months Ended June 30,				Six Months Ended June 30,
($ million)	2022		2021		2022		2021
Net revenues		6,070		5,169		10,707		9,255
Cost of sales		4,685		3,975		8,294		7,134
Selling, general and administrative costs		414		355		772		664
Research and development costs		219		175		412		319
Result from investments:
Share of the profit/(loss) of investees accounted for using the equity method		28		27		50		53
Restructuring costs		6		7		8		8
Other income/(expenses)		(30)		(32)		(39)		(45)
Financial income/(expenses)		(24)		(30)		(76)		(79)
PROFIT/(LOSS) BEFORE TAXES		720		622		1,156		1,059
Income tax (expense) benefit		(217)		(146)		(365)		(252)
PROFIT/(LOSS) FROM CONTINUING OPERATIONS		503		476		791		807
PROFIT/(LOSS) FROM DISCONTINUED OPERATIONS, NET OF TAX		—		90		—		172
PROFIT/(LOSS) FOR THE PERIOD		503		566		791		979
PROFIT/(LOSS) FOR THE PERIOD FROM CONTINUING OPERATIONS ATTRIBUTABLE TO:
Owners of the parent		499		475		784		803
Non-controlling interests		4		1		7		4
(in $)
BASIC EARNINGS/(LOSS) PER COMMON SHARE		0.37		0.41		0.58		0.70
Basic earnings/(loss) per common share from continuing operations		—		0.35		—		0.59
DILUTED EARNINGS/(LOSS) PER COMMON SHARE		0.37		0.41		0.58		0.70
Diluted earnings/(loss) per common share from continuing operations		—		0.35		—		0.59

20

Other Supplemental Financial Information

(Unaudited)

Condensed Consolidated Statement of Financial Position as of June 30, 2022 and December 31, 2021
(Unaudited, EU-IFRS)
($ million)	June 30, 2022		December 31, 2021
ASSETS
Intangible assets		5,141		5,159
Property, plant and equipment and Leased assets		3,294		3,435
Inventories		5,533		4,228
Receivables from financing activities		16,871		15,443
Cash and cash equivalents		3,584		5,845
Other receivables and assets		1,980		2,535
Assets held for distribution(*)		—		14,477
TOTAL ASSETS		36,403		51,122
EQUITY AND LIABILITIES
Issued capital and reserves attributable to owners of the parent		6,421		8,393
Non-controlling interests		7		33
Total Equity		6,428		8,426
Debt		21,199		21,689
Other payables and liabilities		8,776		9,148
Liabilities held for distribution(*)		—		11,859
Total Liabilities		29,975		42,696
TOTAL EQUITY AND LIABILITIES		36,403		51,122

Condensed Consolidated Statement of Cash Flows for the six months ended June 30, 2022 and 2021
(Unaudited, EU-IFRS)
($ million)	June 30, 2022		June 30, 2021
CASH AND CASH EQUIVALENTS AT BEGINNING OF THE YEAR		5,845		9,629
Profit/(loss) from Continuing Operations		791		807
Adjustment to reconcile profit/(loss) from Continuing Operation to cash flows from/(used in) operating activities from Continuing Operations		(1,055)		395
CASH FLOWS FROM/(USED IN) OPERATING ACTIVITIES FROM CONTINUING OPERATIONS		(264)		1,202
CASH FLOWS FROM/(USED IN) OPERATING ACTIVITIES FROM DISCONTINUED OPERATIONS		—		219
TOTAL		(264)		1,421
CASH FLOWS FROM/(USED IN) INVESTING ACTIVITIES FROM CONTINUING OPERATIONS		(1,936)		(988)
CASH FLOWS FROM/(USED IN) INVESTING ACTIVITIES FROM DISCONTINUED OPERATIONS		—		244
TOTAL		(1,936)		(744)
CASH FLOWS FROM/(USED IN) FINANCING ACTIVITIES FROM CONTINUING OPERATIONS		116		(1,135)
CASH FLOWS FROM/(USED IN) FINANCING ACTIVITIES FROM DISCONTINUED OPERATIONS		—		(414)
TOTAL		116		(1,549)
Translation exchange differences		(177)		(173)
TOTAL CHANGE IN CASH AND CASH EQUIVALENTS		(2,261)		(1,045)
Less:
CASH AND EQUIVALENTS AT END OF THE PERIOD – INCLUDED WITHIN ASSETS HELD FOR DISTRIBUTION AT THE END OF THE PERIOD		—		680
CASH AND CASH EQUIVALENTS AT END OF THE PERIOD		3,584		7,904

Notes:

(*)  The 2021 data have been re-presented following the classification of the Iveco Group Business as Discontinued Operations for the quarter ended June 30, 2021, as requested by the IFRS 5 - Non-current assets held for sale and discontinued operations.

21

EX-99.2

Q2 2022 RESULTS REVIEW July 29th, 2022 EExhibit 99.2

Safe Harbor Statement and Disclosures All statements other than statements of historical fact contained in this earning release, including competitive strengths; business strategy; future financial position or operating results; budgets; projections with respect to revenue, income, earnings (or loss) per share, capital expenditures, dividends, liquidity, capital structure or other financial items; costs; and plans and objectives of management regarding operations and products, are forward-looking statements. Forward looking statements also include statements regarding the future performance of CNH Industrial and its subsidiaries on a standalone basis. These statements may include terminology such as “may”, “will”, “expect”, “could”, “should”, “intend”, “estimate”, “anticipate”, “believe”, “outlook”, “continue”, “remain”, “on track”, “design”, “target”, “objective”, “goal”, “forecast”, “projection”, “prospects”, “plan”, or similar terminology. Forward-looking statements, including those related to the COVID-19 pandemic, are not guarantees of future performance. Rather, they are based on current views and assumptions and involve known and unknown risks, uncertainties and other factors, many of which are outside our control and are difficult to predict. If any of these risks and uncertainties materialize (or they occur with a degree of severity that the Company is unable to predict) or other assumptions underlying any of the forward-looking statements prove to be incorrect, including any assumptions regarding strategic plans, the actual results or developments may differ materially from any future results or developments expressed or implied by the forward-looking statements. Factors, risks and uncertainties that could cause actual results to differ materially from those contemplated by the forward-looking statements include, among others: the continued uncertainties related to the unknown duration and economic, operational and financial impacts of the global COVID-19 pandemic and the actions taken or contemplated by governmental authorities or others in connection with the pandemic on our business, our employees, customers and suppliers; supply chain disruptions, including delays caused by mandated shutdowns, industry capacity constraints, material availability, and global logistics delays and constraints; disruption caused by business responses to COVID-19, including remote working arrangements, which may create increased vulnerability to cybersecurity or data privacy incidents; our ability to execute business continuity plans as a result of COVID-19; the many interrelated factors that affect consumer confidence and worldwide demand for capital goods and capital goods-related products, including demand uncertainty caused by COVID-19; general economic conditions in each of our markets, including the significant economic uncertainty and volatility caused the war in the Ukraine and by COVID-19; changes in government policies regarding banking, monetary and fiscal policy; legislation, particularly pertaining to capital goods-related issues such as agriculture, the environment, debt relief and subsidy program policies, trade and commerce and infrastructure development; government policies on international trade and investment, including sanctions, import quotas, capital controls and tariffs; volatility in international trade caused by the imposition of tariffs, sanctions, embargoes, and trade wars; actions of competitors in the various industries in which we compete; development and use of new technologies and technological difficulties; the interpretation of, or adoption of new, compliance requirements with respect to engine emissions, safety or other aspects of our products; production difficulties, including capacity and supply constraints and excess inventory levels; labor relations; interest rates and currency exchange rates; inflation and deflation; energy prices; prices for agricultural commodities; housing starts and other construction activity; our ability to obtain financing or to refinance existing debt; price pressure on new and used equipment; the resolution of pending litigation and investigations on a wide range of topics, including dealer and supplier litigation, intellectual property rights disputes, product warranty and defective product claims, and emissions and/or fuel economy regulatory and contractual issues; security breaches, cybersecurity attacks, technology failures, and other disruptions to the information technology infrastructure of CNH Industrial and its suppliers and dealers; security breaches with respect to our products; our pension plans and other post-employment obligations; political and civil unrest; volatility and deterioration of capital and financial markets, including other pandemics, terrorist attacks in Europe and elsewhere; our ability to realize the anticipated benefits from our business initiatives as part of our strategic plan; our failure to realize, or a delay in realizing, all of the anticipated benefits of our acquisitions, joint ventures, strategic alliances or divestitures and other similar risks and uncertainties, and our success in managing the risks involved in the foregoing. Forward-looking statements are based upon assumptions relating to the factors described in this earnings release, which are sometimes based upon estimates and data received from third parties. Such estimates and data are often revised. Actual results may differ materially from the forward-looking statements as a result of a number of risks and uncertainties, many of which are outside CNH Industrial’s control. CNH Industrial expressly disclaims any intention or obligation to provide, update or revise any forward-looking statements in this announcement to reflect any change in expectations or any change in events, conditions or circumstances on which these forward-looking statements are based. Further information concerning CNH Industrial, including factors that potentially could materially affect CNH Industrial’s financial results, is included in CNH Industrial’s reports and filings with the U.S. Securities and Exchange Commission (“SEC”), the Autoriteit Financiële Markten (“AFM”) and Commissione Nazionale per le Società e la Borsa (“CONSOB”). All future written and oral forward-looking statements by CNH Industrial or persons acting on the behalf of CNH Industrial are expressly qualified in their entirety by the cautionary statements contained herein or referred to above.

SECOND QUARTER 2022 HIGHLIGHTS Record Q2 revenues up 17.5%, pricing and volume, negative FX (3%) Double-digit margin for Industrial Activities, continued pressure on production Orders remain solid as soft commodities decline Positive Free Cash Flow in the quarter Sale of non-core Raven businesses complete Momentum strong for now, guidance for the year unchanged

$663M adj. EBIT(1) 14.0% adj. EBIT margin(1) $4.7B net sales Q2 22 +22% change net sales (@CC*) AGRICULTURE Pricing of +13% offset increased cost Gross margin at 23.4% Manufacturing inventories remain elevated Strong demand for row crop equipment Softening for low HP tractors Order books remain strong for tractors and combines Successfully leveraging dual brand strategy (*) @CC means at constant currency (1) Non-GAAP measures (definition & reconciliation in appendix)

$34M adj. EBIT(1) 3.8% adj. EBIT margin(1) $891M net sales Q2 22 +12% change net sales (@CC*) Construction Pricing offsetting higher production cost Sampierana already strong contributor in EU, ahead of plan Market share increased in light equipment Order book up over 20% YoY across regions and sub-segments Launching new product category that will be “groundbreaking” (*) @CC means at constant currency (1) Non-GAAP measures (definition and reconciliation in appendix)

STRATEGIC PRIORITIES | IN FOCUS CUSTOMER INSPIRED INNOVATION BRAND AND DEALER STRENGTH TECHNOLOGY LEADERSHIP OPERATIONAL EXCELLENCE SUSTAINABILITY STEWARDSHIP

Second Quarter 2022 | Financial Highlights +18% -20 bps +14% +$0.06 -$1.7 B Industrial Activities Consolidated -381 Adjusted Diluted EPS(*) Available Liquidity(*) Adjusted Gross Margin(*) Free Cash Flow(*) Adjusted EBIT(*) Net Sales(*) ($mn) (*) Non-GAAP measures (definition and reconciliation in appendix) Note: all figures for 2021 in this presentation refer to continuing operations

SECOND QUARTER 2022 | INDUSTRIAL ACTIVITIES ADJ. EBIT (1) WALK (1) Note: adj. EBIT is a Non-GAAP measures (definition and reconciliation in appendix) Note: Numbers may not add due to rounding ($mn) ADJ. EBIT(1) Q2’21 Vol. & Mix Pricing, Net Prod. Cost SG&A R&D FX | Other Unallocated, Elim. & Other ADJ. EBIT(1) Q2’22 AG CE 11.7% 12.0% 98 7 578 106 (504) (91) (41) (14) (54) (4) 4 6 AG 23.4% 14.0% CE 13.8% 3.8% Gross Margin Adj EBIT Margin By Segment (0.7) p.p. +1.4 p.p. (0.7) p.p. +0.8 p.p. Note | p.p. change vs. Q2 2021

SECOND QUARTER 2022 | FINANCIAL SERVICES (**) RoA defined as: EBIT / average managed assets annualized (*) Including unconsolidated JVs ($mn) Delinquencies on Book (>30 Days) Profitability Ratios Managed Portfolio(*) & Retail Originations(*) Net Income Gross Margin / Average Assets on Book ROA(**) June 30, 2021 June 30, 2022 2020 2021 2022 2020 2021 2022 Retail Wholesale Operating Lease 31% 60% 9% 63% 30% 7% $20.5bn $21.1bn Q2’22 retail originations at $2.4bn, flat compared to June 30, 2021 Managed portfolio* at $21.1bn, up $0.6bn compared to June 30, 2021 (up $1.7bn on a constant currency basis)

SECOND QUARTER 2022 | INDUSTRIAL ACTIVITIES CHANGE IN NET DEBT(*) ($mn) (*) Non-GAAP measures (definition and reconciliation in appendix) Note: Numbers may not add due to rounding ($mn) Change in Working Capital Cash inflow Cash outflow (254) Net (Debt)/Cash and Free Cash Flow by quarter Industrial Activities (*) 0.4 (1.6) Q2 2021 Q2 2021 Net (Debt)/Cash IA ($bn) Free Cash Flow IA ($bn) I.A. Net Debt Mar 31, 2022 I.A. | adj. EBITDA Cash Interest & Taxes Change in Working Capital Change in Provisions & others PP&E CapEx Other Changes Dividends & Equity Changes FX & Other I.A. Net Debt Jun 30, 2022 Shares BB (20) Dividends (414) Free Cash Flow* of Industrial Activities 404 ($bn)

CAPITAL ALLOCATION PRIORITIES Support growth and ensure shareholder returns, while maintaining a strong balance sheet ORGANIC GROWTH Capex up 22% from Q2 2021, R&D up 29%, largest increase in digital CREDIT RATING Current long-term ratings: Moody’s Baa2; S&P BBB and Fitch BBB+ GROSS DEBT Gross Debt stable in Q2, operating cash flow and sale of unit, annual dividend SHAREHOLDER RETURNS More than $400mn returned YTD through dividends and share buybacks, Board approved additional $300m Share Buy Back INORGANIC GROWTH Sold both Raven businesses and acquisition of Specialty Enterprises

FY 2022 ESTIMATES | INDUSTRY UNIT PERFORMANCE VS. FY 2021 NORTH AMERICA EUROPE REST OF EMEA SOUTH AMERICA APAC 0-140 HP Tractors (10%) – (5%) Flat (10%) – (5%) Flat – 5% Flat 140+ Large Tractors 15% Combines 10% Flat (40%) Flat 20% Light (5%) (5%) – Flat (15%) – (10%) 10% – 15% (20%) – (15%) Heavy 5% – 10% (5%) – Flat (5%) – Flat 10% – 15% (20%) – (15%) NOTE: Total Industry Volume % change FY 2022 vs. FY 2021 reflecting aggregate for key markets where Company competes. (*) Regional split definition in Appendix

FY 2022 E | GUIDANCE INDUSTRIAL ACTIVITIES INDUSTRIAL ACTIVITIES Net Sales(1) 12%-14% Narrowed / Confirmed SG&A ≤ 7.5% Confirmed Free Cash Flow(2) > $1.0B Confirmed R&D ~ $1.4B Confirmed CapEx Significant uncertainties remain in all regions, linked to rising inflation, geopolitical instability, the war in Ukraine and continuing COVID-19 infection waves, all these factors my affect our forecast for the year. Supply Chain challenges to persist in H2 (1) Net Sales outlook reflecting €/$ exchange rate at 1.05 (2) FCF definition in Appendix

2022 | FOCUS AND PRIORITIES Early signs of moderating supply chain headwinds Deliveries improving to meet customer demand Order books remain strong and dealer inventories low Strike ongoing, seeking resolution while accelerating mitigations Improving Raven contribution to product pipeline Strategic Sourcing roll-out in Q3 Tech Day event in early December

APPENDIX

Q2 2022 | UNIT PERFORMANCE VS. Q2 2021 NORTH AMERICA EUROPE REST OF EMEA SOUTH AMERICA APAC 0-140 HP Tractors (16%) (6%) 6% 4% 11% 140+ Large Tractors Flat Combines 3% 2% (47%) (14%) 21% Light (6%) (2%) (14%) 25% (27%) Heavy 7% (8%) 4% 20% (31%) Industry Company NOTE: Total Industry Volume % change 2022 vs. 2021 reflecting aggregate for key markets where Company competes. Regional split definition in Appendix (*) YoY change for orders to be built as of end of June 2022 TRACTORS COMBINES LIGHT Heavy Order Book* Up ~5% Order Book* Down ~6% Order Book* Up >20% Order Book* Up >40% Company Inventory Dealer Inventory Retail Production

Q2 2022 | Financial Summary (*) @CC means at constant currency (1) Non-GAAP measures (definition and reconciliation in appendix) Note: Numbers may not add due to rounding Q2 2022 Q2 2021 Δ U.S. GAAP Revenues ($mn) 6,082 5,174 18% Net Sales | Industrial Activities ($mn) 5,613 4,778 18% Net Income ($mn) 552 514 38 Diluted EPS ($) 0.40 0.38 0.02  Non – GAAP (1) Net Sales | Industrial Activities @CC ($mn) 5,752 4,778 20% Adjusted EBIT | Industrial Activities ($mn) 654 572 14% Adjusted EBIT Margin | Industrial Activities (%) 11.7% 12.0% (30) bps Adjusted income (loss) before income tax benefit (expense) and equity in income of unconsolidated subsidiaries and affiliates 741 628 18% Adjusted Effective Tax Rate 25% 23% 2 pp Adjusted Net Income ($mn) 583 507 76 Adjusted net income attributable to CNH Industrial N.V. 579 506 73 Weighted average shares outstanding – diluted (million) 1,360 1,361 0.0% Adjusted Diluted EPS ($) 0.43 0.37 0.06 Free Cash Flow | Industrial Activities ($mn) 404 785 (381) Jun 30, 2022 Dec 31, 2021 Δ Net Industrial Cash (Debt) ($bn) (1.6) (1.1) (39%) Available Liquidity ($bn) 8.8 10.5 (16%)

Q2 2022 | Industrial activities net sales AG CE Industrial Activities (1) $4,722mn $891mn $5,613mn +19% +22% @CC +10% +12% @CC +18% +20% @CC By Region as reported By Region as reported By Region as reported By Product as reported By Product as reported By Segment as reported Q2 2022 Q2 2021 AG Industrial Activities (1) CE (1) Net Sales | Excluding Other Activities, Unallocated Items and Adjustment & Eliminations Note: % change YoY and @CC means at constant currency

Q2 2022 | Financials by segment Note: Adj EBIT and Adj EBIT Margin % are Non-GAAP measures (definition and reconciliation in appendix) Revenues Gross Profit Adj. EBIT Adj. EBIT Margin % Q2 22 Q2 21 Q2 22 Q2 21 Q2 22 Q2 21 Q2 22 Q2 21 Agriculture 4,722 3,970 1,105 955 663 582 14.0% 14.7% Construction Equip. 891 808 123 100 34 24 3.8% 3.0% Elimination & Other - - 8 7 (43) (34)     Industrial Activities 5,613 4,778   1,236 1,062 654 572 11.7% 12.0% Financial Services 471 392   174 136 Elimination & Other (2) 4   - - TOTAL 6,082 5,174   1,410 1,198 ($mn)

Q2 2022 | Net Sales and Adj. EBIT Breakdown Net Sales Split * Raven included in Others (1) Note: Adj EBIT is a Non-GAAP measures (definition and reconciliation in appendix); Numbers may not add due to rounding Industrial Activities | Adj. EBIT Walk Q2 22 Q2 21 Q2 22 Q2 21 NA 1,757 1,287 NA 412 373 EMEA 1,560 1,705 EMEA 234 226 LA 939 565 LA 174 116 APAC 466 413 APAC 71 93 Tractors 51% 57% Heavy 38% 45% Combines 25% 23% Light 60% 52% Others* 24% 20% Others 2% 3% AG CE ADJ. EBIT(1) Q2’21 Vol. & Mix Pricing, Net Prod. Cost SG&A R&D FX | Other Unallocated, Elim. & Other ADJ. EBIT(1) Q2’22 Ind. Activities 572 105 684 (595) (55) (58) 10 (9) 654 Agriculture 582 98 578 (504) (41) (54) 4   663 Constr. Equip. 24 7 106 (91) (14) (4) 6   34 ($mn)

Q2 / 1H 2022 | capex and r&d Q2 2022 Q2 2021 1H 2022 1H 2021 Investments in property, plant and equipment, and intangible assets 84 69 137 105 Breakdown by Category         New Product & Technology 28% 46% 28% 47% Maintenance & Other 48% 46% 48% 47% Industrial Capacity Expansion & LT Investments 24% 8% 24% 6% Breakdown by Segment         Agriculture 87% 84% 87% 84% Construction Equipment 13% 16% 13% 16%           Research and Development 212 164 396 296           Total spending (CapEx + R&D) in new products 159 119 294 214 Breakdown by Trend         Digital 36% 25% 35% 23% Electric Vehicles and CNG-LNG 10% 2% 7% 2% Other New Program 54% 73% 58% 75% ($mn)

Debt maturity schedule | breakdown Note: Numbers may not add due to rounding ($bn) Outstanding Jun 30, 2022 6M 2022 2023 2024 2025 2026 Beyond 2.0 Bank Debt 0.6 0.7 0.3 0.2 0.1 0.1 9.7 Capital Market 0.7 2.1 2.0 1.4 1.7 1.8 0.1 Other Debt 0.1 0.0 0.0 0.0 0.0 0.0 11.8 Cash Portion of (Debt) Maturities 1.3 2.9 2.3 1.6 1.8 1.9 of which Industrial Activities 0.1 1.0 0.8 0.8 0.5 1.7 of which Financial Services 1.3 1.9 1.5 0.8 1.2 0.2 3.6 Cash & Cash Equivalents 0.7 of which restricted cash 0.2 Net Receivables / (Payables) with Iveco Group N.V. 5.0 Undrawn Committed credit lines 8.8 Total Available Liquidity

Reconciliations

Q2 2022 1H 2022 AG CE Unall. Items, Elim. & Other Industrial Activities AG CE Unall. Items, Elim. & Other Industrial Activities Consolidated Net income 552 888 Less: Consolidated Income tax (expense) benefit (228) (387) Consolidated Income before taxes 780 1,275 Less: Financial Services Financial Services Net income 95 177 Financial Services Income taxes 38 74 Add back of the following Industrial Activities items: Interest expenses, net of interest income & eliminations 35 70 Foreign exchange (gains) losses, net (13) - Finance & non-service component of Pension & other post-empl. benefit costs (1) (40) (77) Adjustments for the following Industrial Activities items: Restructuring expenses 3 3 - 6 5 3 - 8 Other discrete items (2) - - 19 19 - - 58 58 Adjusted EBIT of Industrial Activities 663 34 (43) 654 1,089 66 (72) 1,083 Reconciliation of Net Income (Loss) to Adj. EBIT by Segment (US GAAP) (1) In the three months ended June 30, 2022, this item includes the pre-tax gain of $30 million as a result of the amortization over approximately 4.5 years of the $527 million positive impact from the 2018 modification of a healthcare plan in the U.S. and a pre-tax gain of $6 million as a result of the amortization over the 4 years of the $101 million positive impact from the 2021 modifications of a healthcare plan in the U.S. In the three months ended June 30, 2021, this item includes the pre-tax gain of $30 million as a result of the 2018 modification. (2) In the three months ended June 30, 2022, this item included $18 million of the book loss on the sale of the Raven Engineered Films Division. In the three months ended June 30, 2021, this item included $8 million separation costs in connection with the spin-off of the Iveco Group business. ($mn)

Reconciliation of Net Income (Loss) to Adj. EBIT by Segment (US GAAP) ($mn) (1) In the three months ended June 30, 2022, this item includes the pre-tax gain of $30 million as a result of the amortization over approximately 4.5 years of the $527 million positive impact from the 2018 modification of a healthcare plan in the U.S. and a pre-tax gain of $6 million as a result of the amortization over the 4 years of the $101 million positive impact from the 2021 modifications of a healthcare plan in the U.S. In the three months ended June 30, 2021, this item includes the pre-tax gain of $30 million as a result of the 2018 modification. (2) In the three months ended June 30, 2022, this item included $18 million of the book loss on the sale of the Raven Engineered Films Division. In the three months ended June 30, 2021, this item included $8 million separation costs in connection with the spin-off of the Iveco Group business. Q2 2021 1H 2021 AG CE Unall. Items, Elim. & Other Industrial Activities AG CE Unall. Items, Elim. & Other Industrial Activities Consolidated Net income 699 1,124 Less: Consolidated Net Income (loss) of Discontinued Operations 185 247 Consolidated Net income (loss) of Continuing Operations Consolidated Net income (loss) of Continuing Operations 514 877 Less: Consolidated Income tax (expense) benefit (152) (268) Consolidated Income (loss) before taxes (continuing operations) 666 1,145 Less: Financial Services Financial Services Net income 85 163 Financial Services Income taxes 26 52 Add back of the following Industrial Activities items: Interest expenses, net of interest income & eliminations 31 71 Foreign exchange (gains) losses, net 4 15 Finance & non-service component of Pension & other post-empl. benefit costs (1) (35) (69) Adjustments for the following Industrial Activities items: Restructuring expenses 2 3 - 5 4 2 - 6 Other discrete items (2) - - 12 12 - - 13 13 Adjusted EBIT of Industrial Activities 582 24 (34) 572 981 49 (65) 965

RECONCILIATION OF TOTAL DEBT TO NET DEBT (US GAAP) Consolidated Industrial Activities Financial Services June 30, 2022 December 31, 2021 June 30, 2022 December 31, 2021 June 30, 2022 December 31, 2021 Third party debt (20,817) (20,897) (4,828) (5,335) (15,989) (15,562) Intersegment notes payable - - (169) (150) (679) (181) Payable to Iveco Group N.V.(4) (73) (3,986) (8) (3,764) (65) (222) Total (Debt) (1) (20,890) (24,883) (5,005) (9,249) (16,733) (15,965) Cash and cash equivalents 2,855 5,044 2,430 4,386 425 658 Restricted cash 729 801 144 128 585 673 Intersegment notes receivable - - 679 181 169 150 Receivables from Iveco Group N.V.(4) 281 3,484 220 3,430 61 54 Other current financial assets(2) 1 1 1 1 - - Derivatives hedging debt (33) (3) (33) (3) - - Net Cash (Debt) (3) (17,057) (15,556) (1,564) (1,126) (15,493) (14,430) (1) Total (Debt) of Industrial Activities includes Intersegment notes payable to Financial Services of $169 million and $150 million as of June 30, 2022 and December 31, 2021, respectively. Total (Debt) of Financial Services includes Intersegment notes payable to Industrial Activities of $679 million and $181 million as of June 30, 2022 and December 31, 2021, respectively. (2) This item includes short-term deposits and investments towards high-credit rating counterparties. (3) The net intersegment receivable/(payable) balance recorded by Financial Services relating to Industrial Activities was ($510) million and ($31) million as of June 30, 2022 and December 31, 2021, respectively. (4) For December 31, 2021, this item is shown net on the CNH Industrial balance sheet. ($mn)

Reconciliation of Cash & cash equivalents to Available liquidity under U.S.-GAAP June 30, 2022 March 31, 2022 December 31, 2021 Cash and cash equivalents 2,855 3,219 5,044 Restricted cash 729 842 801 Undrawn committed facilities 5,002 5,087 5,177 Receivables from Iveco Group N.V. 281 297 3,484 Payables to Iveco Group N.V. (73) (47) (3,986) Other current financial assets(1) 1 1 1 Available liquidity 8,795 9,399 10,521 (1) This item includes short-term deposits and investments towards high-credit rating counterparties ($mn)

Q2 2022 Q2 2021 1H 2022 1H 2021 Net cash provided by (used in) Operating Activities (Continuing Operations) (271) 560 (1,158) 801 Less: Cash flows from Operating Activities of Financial Services net of eliminations 773 256 677 80 Change in derivatives hedging debt of Industrial Activities and other (11) 5 (29) (7) Investments in assets sold under operating lease assets of Industrial Activities (4) (5) (6) (8) Operating cash flow of Industrial Activities 487 816 (516) 866 Investments in property, plant and equipment, and intangible assets of Industrial Activities (84) (69) (137) (105) Other changes (1) 1 38 (2) 11 Free cash flow of Industrial Activities 404 785 (655) 772 (1) This item primarily includes change in intersegment financial receivables and capital increases in intersegment investments Reconciliation of Net cash provided by (used in) Operating Activities to Free cash flow of Industrial Activities under U.S. GAAP ($mn)

Q2 2022   Q2 2021 1H 2022   1H 2021 Net income (loss) – Continuing Operations 552 514 888 877 Adjustments impacting Income (loss) before income tax (expense) benefit and equity in income of unconsolidated subsidiaries and affiliates (a) (12) (13) 9 (34) Adjustments impacting Income tax (expense) benefit (b) 43 6 64 16 Adjusted net income (loss) 583 507 961 859 Adjusted net income (loss) attributable to CNH Industrial N.V. 579 506 954 855 Weighted average shares outstanding – diluted (million) 1,360 1,361 1,360 1,360 Adjusted diluted EPS ($) 0.43 0.37 0.70 0.63         Income (loss) from continuing operations before income tax (expense) benefit and equity in income of unconsolidated subsidiaries and affiliates 753 641 1,227 1,094 Adjustments impacting Income (loss) before income tax (expense) benefit and equity in income of unconsolidated subsidiaries and affiliates (a) (12) (13) 9 (34) Adjusted income (loss) from continuing operations before income tax (expense) benefit and equity in income of unconsolidated subsidiaries and affiliates (A) 741 628 1,236 1,060         Income tax (expense) benefit (228) (152) (387) (268) Adjustments impacting Income tax (expense) benefit (b) 43 6 64 16 Adjusted income tax (expense) benefit (B) (185) (146) (323) (252)         Adjusted Effective Tax Rate (Adjusted ETR) (C=B/A) 25.0% 23.2% 26.1% 23.7% Reconciliation of Adjusted net income and Adjusted income tax (expense) benefit to Net income (loss) and Income tax (expense) benefit and calculation of Adjusted diluted EPS and Adjusted ETR under U.S.-GAAP (1/2) ($mn)

Q2 2022 Q2 2021 1H 2022 1H 2021 (a) Adjustments impacting Income (loss) before income tax (expense) benefit and equity in income of unconsolidated subsidiaries and affiliates         Restructuring expenses 5 5 8 5 Loss on repurchase of notes - - - 8 Pre-tax gain related to the 2018 modification of a healthcare plan in the U.S. (30) (30) (60) (60) Pre-tax gain related to the 2021 modification of a healthcare plan in the U.S. (6) - (12) - Asset write-down: Industrial Activities, Russia Operations - - 44 - Asset write-down: Financial Services, Russia Operations - - 15 - Spin related costs 3 8 6 9 Other discrete items - 4 - 4 Loss on sale of EFD net of income from segments held for sale 16 - 8 - Total  (12) (13) 9 (34)         (b) Adjustments impacting Income tax (expense) benefit         Tax effect of adjustments impacting Income (loss) before income tax (expense) benefit and equity in income of unconsolidated subsidiaries and affiliates(1) 39 7 61 14 Other 4 (1) 3 2 Total 43 6 64 16 (1) Includes $44 million of increase to the valuation allowances on historical deferred tax assets as a result of the suspension of operations in Russia. ($mn) Reconciliation of Adjusted net income and Adjusted income tax (expense) benefit to Net income (loss) and Income tax (expense) benefit and calculation of Adjusted diluted EPS and Adjusted ETR under U.S.-GAAP (2/2)

The composition of our regions part of the geographic information is as follow: North America: United States, Canada, Mexico and Puerto Rico, previously included in South America Europe, Middle East, and Africa (previously Europe): member countries of the European Union, European Free Trade Association, the United Kingdom, Ukraine, Balkans, Russia, Turkey, the African continent, and the Middle East, previously included in Rest of World; South America: Central and South America, and the Caribbean Islands; and Asia Pacific (previously Rest of World): Continental Asia, Oceania and member countries of the Commonwealth of Independent States. Market Share / Market Position Data Certain industry and market share information in this report has been presented on a worldwide basis which includes all countries. In this presentation, management estimates of past market-share information are generally based on retail unit sales data in North America, on registrations of equipment in most of Europe, Brazil, and various Rest of the World markets, and on retail and shipment unit data collected by a central information bureau appointed by equipment manufacturers associations, including the Association of Equipment Manufacturers’ in North America, the Committee for European Construction Equipment in Europe, the ANFAVEA in Brazil, the Japan Construction Equipment Manufacturers Association, and the Korea Construction Equipment Manufacturers Association, as well as on other shipment data collected by an independent service bureau. Not all agricultural or construction equipment is registered, and registration data may thus underestimate, perhaps substantially, actual retail industry unit sales demand, particularly for local manufacturers in China, Southeast Asia, Eastern Europe, Russia, Turkey, Brazil, and any country where local shipments are not reported. In addition, there may be a period of time between the shipment, delivery, sale and/or registration of a unit, which must be estimated, in making any adjustments to the shipment, delivery, sale, or registration data to determine our estimates of retail unit data in any period. Geographic information

Non-GAAP Financial Measures CNH Industrial monitors its operations through the use of several non-GAAP financial measures. CNH Industrial’s management believes that these non-GAAP financial measures provide useful and relevant information regarding its operating results and enhance the readers’ ability to assess CNH Industrial’s financial performance and financial position. Management uses these non-GAAP measures to identify operational trends, as well as make decisions regarding future spending, resource allocations and other operational decisions as they provide additional transparency with respect to our core operations. These non-GAAP financial measures have no standardized meaning under U.S. GAAP or EU-IFRS and are unlikely to be comparable to other similarly titled measures used by other companies and are not intended to be substitutes for measures of financial performance and financial position as prepared in accordance with U.S. GAAP and/or EU-IFRS. CNH Industrial’s non-GAAP financial measures are defined as follows: Adjusted EBIT of Industrial Activities under U.S. GAAP is defined as net income (loss) before income taxes, Financial Services’ results, Industrial Activities’ interest expenses, net, foreign exchange gains/losses, finance and non-service component of pension and other post-employment benefit costs, restructuring expenses, and certain non-recurring items. In particular, non-recurring items are specifically disclosed items that management considers rare or discrete events that are infrequent in nature and not reflective of on-going operational activities. Adjusted EBIT of Industrial Activities under EU-IFRS: is defined as profit/(loss) before taxes, Financial Services’ results, Industrial Activities’ financial expenses, restructuring costs, and certain non-recurring items. Adjusted Net Income (Loss): is defined as net income (loss), less restructuring charges and non-recurring items, after tax. Adjusted Diluted EPS: is computed by dividing Adjusted Net Income (loss) attributable to CNH Industrial N.V. by a weighted-average number of common shares outstanding during the period that takes into consideration potential common shares outstanding deriving from the CNH Industrial share-based payment awards, when inclusion is not anti-dilutive. When we provide guidance for adjusted diluted EPS, we do not provide guidance on a earnings per share basis because the GAAP measure will include potentially significant items that have not yet occurred and are difficult to predict with reasonable certainty prior to year-end. Adjusted Income Taxes: is defined as income taxes less the tax effect of restructuring expenses and non-recurring items, and non-recurring tax charges or benefits. Adjusted Effective Tax Rate (Adjusted ETR): is computed by dividing a) adjusted income taxes by b) income (loss) before income taxes and equity in income of unconsolidated subsidiaries and affiliates, less restructuring expenses and non-recurring items. Adjusted Gross Profit Margin of Industrial Activities: is computed by dividing Net sales less Cost of goods sold, as adjusted by non-recurring items, by Net sales. Net Cash (Debt) and Net Cash (Debt) of Industrial Activities: Net Cash (Debt) is defined as total debt less intersegment notes receivable, cash and cash equivalents, restricted cash, other current financial assets (primarily current securities, short-term deposits and investments towards high-credit rating counterparties) and derivative hedging debt. CNH Industrial provides the reconciliation of Net Cash (Debt) to Total (Debt), which is the most directly comparable measure included in the consolidated balance sheets. Due to different sources of cash flows used for the repayment of the debt between Industrial Activities and Financial Services (by cash from operations for Industrial Activities and by collection of financing receivables for Financial Services), management separately evaluates the cash flow performance of Industrial Activities using Net Cash (Debt) of Industrial Activities. Free Cash Flow of Industrial Activities (or Industrial Free Cash Flow): refers to Industrial Activities only, and is computed as consolidated cash flow from operating activities less: cash flow from operating activities of Financial Services; investments of Industrial Activities in assets sold under buy-back commitments, assets under operating leases, property, plant and equipment and intangible assets; change in derivatives hedging debt of Industrial Activities; as well as other changes and intersegment eliminations. Available Liquidity: is defined as cash and cash equivalents plus restricted cash, undrawn medium-term unsecured committed facilities, net receivables/payables with Iveco Group N.V. and other current financial assets (primarily current securities, short-term deposits and investments in instruments of high-credit rating counterparties). Change excl. FX or Constant Currency: CNH Industrial discusses the fluctuations in revenues on a constant currency basis by applying the prior year average exchange rates to current year’s revenues expressed in local currency in order to eliminate the impact of foreign exchange rate fluctuations. The tables attached to this press release provide reconciliations of the non-GAAP measures used in this press release to the most directly comparable GAAP measures.

INVESTOR RELATIONS CONTACT Noah Weiss | Head of Investor Relations +1 (773) 896 5242 | noah.weiss@cnhind.com Federico Pavesi | Manager Investor Relations +39 (345) 605 6218 | federico.pavesi@cnhind.com