CNH Industrial N.V.

The provided content from the PDF does not mention any current or future fundraising activities through debt or equity. Key points related to financials and strategy include: - Focus on disciplined production planning and lean channel inventories. - Commitment to cost reductions, operational excellence, and quality improvements. - No explicit mention of raising funds through new debt or equity issuance. - Discussions around managing tariffs, costs, pricing, and supply chain improvements. - Monitoring market conditions and uncertainties, especially in ag equipment demand. - Emphasis on supporting dealers and customers through operational actions rather than raising new capital. Therefore, no information on planned fundraising via debt or equity was disclosed.

- Recent strategic investment: Minority equity stake in Abilene Machine to offer dealers a comprehensive aftermarket parts portfolio, including all-makes parts, enhancing service options for equipment fleets regardless of age or brand. (Page 4) - Ongoing investments in technology: - AI tech assist tool deployed at ~70% of dealer locations for near-instant diagnostics and parts identification, improving decision quality and customer service. (Page 2) - Identified pockets for AI deployment aimed at driving productivity in internal operations like software coding. (Page 8) - Manufacturing plant efficiencies: - Approximately 1,400 cost-saving projects conducted last year resulting in $45 million savings, including new fiber laser technology at the Fargo plant improving speed and quality. (Page 2) - Discussions ongoing for construction business partnerships to strengthen product lineup and service capabilities, with expected clarity in late 2026 or early 2027. (Page 9)

- Full-year 2026 agriculture net sales expected to be flat to down 5%, construction net sales flat, with mid-teens growth in Q2 for construction due to made-up sales from Q1 delays. - Positioned for better 2027 with expected market recovery, especially after Brazil elections and clarity on bilateral trade deals. - Replacement demand anticipated due to aging equipment globally, likely supporting equipment sales in 2027-2028. - Continued positive price-cost development, product launches, and new tech integration expected to drive momentum and net pricing gains in ag through 2026 into 2027. - South America (Brazil) market may face an extended trough through 2026 and possibly into 2027 due to trade and political uncertainties. - Inventory production disciplined, order books healthy, with cautious order-loading supporting stable volumes. - Dealer network consolidations and new product lines expected to support share gains and sales growth in regions like Europe, North America, and India.

- Agriculture segment expects positive price-cost relationship quarterly for the rest of 2026, supporting margins and profitability. - Construction segment faces headwinds due to tariffs; net pricing expected to remain negative for the year, though Q2 may break even. - Company anticipates sequentially better margins in the second half of 2026, with better year-over-year margins expected in both agriculture and construction. - Industry trough expected in 2026 with gradual recovery starting in 2027, supported by replacement demand and new product launches. - Cost reduction and operational excellence programs ongoing, targeting margin improvements amid tariff and inflation pressures. - Adjusted EPS guidance reaffirmed between $0.35 and $0.45 for 2026. - Earnings growth expected post-2026 as market conditions improve, production aligns with retail demand, and macro uncertainties ease.

- Q2 order books are fully booked. - There is a healthy coverage already secured for Q3. - Production loading is disciplined, focusing on firm dealer/customer orders with high probability of sale. - No current signs of market pickup to justify loading company orders (inventory held by company). - Europe is showing good order momentum with dealer network consolidation aiding order intake. - North America shows strong dealer and customer interaction despite a declining market. - Latin America, especially Brazil, exhibits caution with extra discipline applied in order taking due to wait-and-see farmer sentiment amid elections and trade uncertainties. - Asia Pacific is small but growing, with record production market share in India and stable progress in China and Australia/New Zealand.