CNH Industrial: Periodic Report on $1 Billion Buyback Program

Rhea-AI Summary

CNH Industrial N.V. (NYSE: CNHI / MI: CNHI) completed transactions under the €400 million First Component of its $1 billion share buyback program, investing approximately €163,979,188.20 ($177,525,418.19) to purchase 17,560,075 common shares. As of November 24, 2023, the Company held 53,566,822 common shares in Treasury.

Basildon, November 29, 2023

CNH Industrial N.V. (NYSE: CNHI / MI: CNHI) announces that under the €400 million component (the “First Component”) of its $1 billion share buyback program the Company completed transactions in the period November 20, 2023 through November 24, 2023, reported in aggregate, as set forth in the table below. After the purchases announced today and considering those previously executed under the First Component, the total invested amount in the First Component is approximately €163,979,188.20 ($177,525,418.19) or a total amount of 17,560,075 common shares purchased.

Date	Number of common shares purchased	Average price per share excluding fees	Consideration excluding fees	Consideration (*) excluding fees
		(€)	(€)	($)
November 20, 2023	473,000	9.5539	4,518,994.70	4,938,357.41
November 21, 2023	2,190,000	9.2275	20,208,225.00	22,138,110.49
November 22, 2023	1,494,075	9.1293	13,639,858.90	14,882,450.04
November 23, 2023	1,000,000	9.1982	9,198,200.00	10,026,038.00
November 24, 2023	800,000	9.2797	7,423,760.00	8,103,776.42
	5,957,075	-	54,989,038.60	60,088,732.36

(*) All translations determined from Euro to US Dollar at the exchange rate reported by the European Central Bank on the date of each purchase

As of November 24, 2023, the Company held 53,566,822 common shares in Treasury.

Details of the transactions described in the table above, including the regulated markets where the purchases were made, are available on the Company’s corporate website under the Buyback Programs section at the following address: cnhindustrial.com/BuyBack.

CNH Industrial (NYSE: CNHI / MI: CNHI) is a world-class equipment and services company. Driven by its purpose of Breaking New Ground, which centers on Innovation, Sustainability and Productivity, the Company provides the strategic direction, R&D capabilities, and investments that enable the success of its global and regional Brands. Globally, Case IH and New Holland Agriculture supply 360° agriculture applications from machines to implements and the digital technologies that enhance them; and CASE and New Holland Construction Equipment deliver a full lineup of construction products that make the industry more productive. The Company’s regionally focused Brands include: STEYR, for agricultural tractors; Raven, a leader in digital agriculture, precision technology and the development of autonomous systems; Hemisphere, a leading designer and manufacturer of high-precision satellite-based positioning and heading technologies; Flexi-Coil, specializing in tillage and seeding systems; Miller, manufacturing application equipment; Kongskilde, providing tillage, seeding and hay & forage implements; and Eurocomach, producing a wide range of mini and midi excavators for the construction sector, including electric solutions.

Across a history spanning over two centuries, CNH Industrial has always been a pioneer in its sectors and continues to passionately innovate and drive customer efficiency and success. As a truly global company, CNH Industrial’s 40,000+ employees form part of a diverse and inclusive workplace, focused on empowering customers to grow, and build, a better world.

For more information and the latest financial and sustainability reports visit: cnhindustrial.com

For news from CNH Industrial and its Brands visit: media.cnhindustrial.com

Contacts:

Media Relations
Email: mediarelations@cnhind.com

Investor Relations
Email: investor.relations@cnhind.com

 

Attachment

• 20231129_PR_CNH_Industrial_Buyback_Periodic_Report

FAQ

What is the total invested amount in the First Component of CNH Industrial N.V.'s share buyback program?

The total invested amount in the First Component is approximately €163,979,188.20 ($177,525,418.19) for the purchase of 17,560,075 common shares.

How many common shares did CNH Industrial N.V. purchase under the First Component?

CNH Industrial N.V. purchased a total of 17,560,075 common shares under the First Component of its share buyback program.

As of November 24, 2023, how many common shares did CNH Industrial N.V. hold in Treasury?

As of November 24, 2023, CNH Industrial N.V. held 53,566,822 common shares in Treasury.

What is the purpose of CNH Industrial N.V. as a company?

CNH Industrial N.V. is a world-class equipment and services company driven by its purpose of Breaking New Ground, focusing on Innovation, Sustainability, and Productivity.

What are the globally focused Brands of CNH Industrial N.V.?

Globally, Case IH and New Holland Agriculture supply 360° agriculture applications, while CASE and New Holland Construction Equipment deliver a full lineup of construction products.