At its Capital Markets Day, the Iveco Group updated its guidance for 2024 and presented the financial targets for the life of the Plan

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Turin, March 15, 2024. At its Capital Markets Day in Turin, Italy, the Iveco Group (EXM: IVG) presented its revised guidance for 2024 and, as a component of its new Strategic Business Plan (SBP), its monetary targets for 2026 and 2028.

Both the updated rules and the long-term targets take into account the exclusion of the Firefighting Business Unit as, as announced on Wednesday 13 March, the Iveco Group has signed a definitive agreement for the transfer of its ownership.

Based on conservative assumptions about the evolution of the macroeconomic scenario, with a solid base interest rate compared to 2023 levels, market developments in line with industry expectations and a pricing policy in line with markets, the Iveco Group’s year-end guidance and long-term monetary objectives, Compared to those of the past, they are as follows:

Previous address for 20241

Third class updated for 20242

Industrial activities

Net Income3

~(5)%

~(4)%

Adjusted EBIT

€770-820 million

€790-840 million

Capital-free

€350-400 million

Investments

~€1,000 million

Grupo

Adjusted EBIT

€900-950 million

€920-970 million

2022-26 SBP1

2024-28 SBP2

2026 Goals

2028 Goals

Industrial activities

Net Income3

€16. 5-17. 5 billion

~€17 billion

~€19 billion

Adjusted EBIT margin

5,0-6,0%

6-7%

7-8%

Investments4

~5%

6-7% overall

Capital-free

~ €500 million

~ €600 million

~€900 million

Grupo

Adjusted Income

Between €600 million and €800 million

~ €700 million

~€900 million

Adjusted diluted EPS

N/A

~€2. 4 consistent with the fee

€>3 consistent with fee

Notes:1 Includes the Fire Suppression Business Unit. 2 Excludes the Fire Suppression Business Unit since, as discussed above, the Iveco Group has signed a definitive agreement for the transfer of its ownership. 3 Includes conversion bills. 4 Property, plant and apparatus and intangible assets (including R

Financial reporting outside EU IFRS The Iveco Group monitors its operations through the use of various monetary measures outside of EU IFRS. Iveco Group’s control believes that these non-EU IFRS monetary measures provide useful and applicable data related to their operational effects and objectives and the ability of readers to assess the monetary functionality and monetary condition of the Iveco Group. Management uses these measures outside of EU IFRS to identify operational trends, as well as to make decisions related to long-term expenses, resource allocation and other operational decisions, as they provide greater transparency in relation to our core operations. These monetary measures outside of EU IFRS do not have a standardised meaning under EU IFRS and are unlikely to be comparable to other measures of the same name used through other corporations and are not intended to be a replacement for measures of monetary functionality and monetary condition prepared in accordance with IFRS-EU. The Iveco Group’s non-IFRS-EU monetary measures are explained below:

Adjusted EBIT: explained as EBIT before restructuring prices and non-recurring parts. In particular, non-recurring parts are disclosed parts that are considered by the control to be infrequent or discrete occasions that are infrequent in nature and reflect ongoing operational activities.

Adjusted income: explained as the result of the period, less restructuring prices and non-recurring items, of taxes.

Adjusted diluted EPS: calculated by dividing the adjusted net revenue source attributable to Iveco Group N. V. through a weighted average number of notable ordinary percentages and the consistent period that takes into account the prospective notable ordinary percentages resulting from the percentage-based payment of the Iveco group’s rewards, when the inclusion does not have an anti-dilutive effect. When the Iveco Group provides guidance on adjusted diluted EPS, the Group does not provide guidance on consistent earnings on a consistent percentage basis as will come the EU IFRS measure. with potentially drastic pieces that haven’t happened yet and that it’s hard to expect with moderate certainty before the end of the year.

Adjusted Income Tax Source: means source of income tax minus the tax effect of restructuring expenses and non-recurring items, as well as non-recurring tax expenses or benefits.

Adjusted Effective Tax Rate (ESTR): This is calculated by dividing (a) the adjusted source of income taxes by (b) the source of income (loss) before the source of income taxes, less restructuring expenses and non-recurring items.

Net money (debt) and net money (debt) from business activities: Net money (debt) is explained as overall debt plus derivative liabilities, net of money and money equivalents, derivative assets and other existing monetary assets (mainly existing securities, term deposits and investments with highly rated counterparties) and CNH Industrial’s monetary receivables arising from financing activities and the sale of accounts for collect from the industry. The Iveco Group provides the reconciliation of net money (debt) to overall (debt), which is the Maximum Directly Comparable IFRS-EU monetary measure included in the Group’s consolidated monetary position. Due to the other resources of the cash flows used for the payment of debt between the Industrial Business and the Financial Services business (via operating money for the Industrial Business and via the collection of accounts receivable financing for Financial Services), the control separately evaluates the functionality of the cash flow of the Industrial Operations using Net Cash (Debt) from the Industrial Operations.

Free cash flow from industrial activities (or industrial free cash flow): refers to industrial activities only and is calculated as consolidated money from operating activities minus: money from financial services operating activities; investments in property, plant and apparatus and intangible assets from Industrial Activities; as well as other cross-sectoral adjustments and eliminations.

Available liquidity: money and money equivalents, limited money addition, unused medium-term unsecured committed credit lines, other existing monetary assets (primarily short-term securities, short-term deposits, and investments to highly-rated counterparties), and CNH Industrial’s monetary receivables to industry. Accounts receivable financing and sale activities.

Cautionary statements other than statements of old fact contained in this press release, which add competitive strengths; business strategy; long-term monetary condition or consistent relationship effects; budgets; projections relating to earnings, income, stock gains (or losses), capital expenditures, dividends, liquidity, capital distribution or other monetary matters; costs; and management’s plans and objectives related to consistent operations and products, are forward-looking statements. Forward-looking statements are not promises of long-term performance consistent with performance. Rather, they are based on existing consistent views and assumptions and involve known and unknown hazards, uncertainties and other points, many of which are difficult to expect and/or are beyond the Company’s control. If any of these dangers and uncertainties materialize (or occur with a greater degree of severity than the Company’s forecasts and/or expectations) or if other assumptions underlying any of the forward-looking statements prove incorrect, or real progress. They only differ materially. any long-term effects or developments expressed or implied by forward-looking statements, which are rarely based on estimates and insights obtained from third parties (such estimates and insights are reviewed). Except as otherwise required by applicable regulations, the Iveco Group explicitly disclaims any objective to provide, update or revise any forward-looking statements contained in this press release to reflect any replacement in expectations or any replacement in events, situations or cases. on which such forward-looking statements are based. All forward-looking statements made by the Iveco Group or users acting on its behalf are explicitly qualified in their entirety by the cautionary statements contained herein. The data contained in this press release should not be relied upon as a consultant for consistent long-term compliance. To the fullest extent permitted by applicable law, no representation or warranty of the Company, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the data or Revisions contained. in this document. Press release. No member of the Company, its affiliates, directors, advisors, employees and representatives, or any user acting on its behalf, shall have any liability (whether through negligence or otherwise) for any loss arising from any use of this communication. of press. . press or its contents or in any other way that arises from any link with said materials. This press release does not constitute an investment recommendation or a solicitation, recommendation, invitation or offer to acquire or sell any monetary product and/or any type of monetary facility within the meaning of the laws of any country or state. Further data relating to the Iveco Group is included in the public reports and presentations of the Iveco Group in accordance with applicable regulations, adding points that may potentially have material effects on the monetary effects of the Iveco Group.

Iveco Group N. V. (EXM: IVG) combines other people and exclusive logos that reinforce its business and its project to move towards a more sustainable society. The 8 logos constitute a major force in its express business: IVECO, a pioneering advertising vehicle logo that designs, manufactures and markets heavy, medium and light trucks; FPT Industrial, a global leader in a wide variety of complex powertrain technologies in the agricultural, structural, marine, power generation and advertising vehicle industries; IVECO BUS and HEULIEZ, logos of public and premium maritime transport buses and coaches; IDV, for highly specialized defense and civil cover teams; ASTRA, a leader in the segment of heavy-duty quarry and large-frame automobiles; MAGIRUS, the industry-renowned manufacturer of automobiles and firefighting equipment; and IVECO CAPITAL, the financial company that backs them all. The Iveco Group employs more than 36,000 people worldwide and has 20 advertising sites and 29 research centres.

Media contacts:Francesco Polsinelli, Tel. : 39 335 1776091Fabio Lepore, Tel. : 39 335 7469007E-mail: mediarelations@ivecogroup. com

Investor Relations: Federico Donati, Tel. : 39 011 0073539 E-mail: Investor. relations@ivecogroup. com

Attached

20240315_PR_Iveco_Group_Guidance_and_SBP_Objetivos_actualizados

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