CNH INDUSTRIAL DELIVERS RECORD RESULTS IN FIRST YEAR AS PURE PLAY IN AGRICULTURE AND CONSTRUCTION WITH STRONG FOURTH QUARTER

Q4 Consolidated revenues of $6,943 million (up 26.7% compared to Q4 2021 for continuing operations)
Net income of $592 million, Adjusted Net Income of $486 million, with diluted EPS of $0.43 and adjusted diluted EPS of $0.36
Adjusted EBIT of Industrial Activities of $680 million (up $302 million compared to Q4 2021)
Net cash provided by operating activities of $1,443 million and Industrial Free Cash Flow of $2,049 million
Net sales for Industrial Activities of $6,352 million (up $1,358 million compared to Q4 2021)
The board intends to recommend an annual cash dividend of €0.36 (approximately $0.38) per share

Financial results presented under U.S. GAAP

The CNH Industrial team delivered a strong fourth quarter contributing to record full year revenue and income. Sharp execution and improving supply chain management generated $1.6B of full year industrial free cash flow. We are pleased to have resolved the UAW strike and are eager to continue delivering increased value to our dealers and customers. We also announced today our intention to move to a single listing in New York, with plans to exit the Milan exchange as expeditiously as possible. Our precision and autonomy offerings were on full display at our Tech Day in December, and further innovations and integration with Raven will drive the success of our farm and construction customers. We see continuing strength in most end markets, and with better performing supply chains and moderating inflation we are confident we will build on our robust foundation.

Scott W. Wine, Chief Executive Officer