CNH Industrial N.V. (CNHI) Q3 2022 Earnings Call Transcript

For the period ending September 30, 2022

November 8, 2022 9:30 a.m. ET

Prepared Remarks

Questions and Answers

Call Participants

Prepared Remarks:

Operator

Good day. And welcome to CNH Conference Call. Today’s call is being recorded.

At this time, I will now turn the call over to Jason Omerza. Please go ahead, sir.

Jason Omerza

Thank you, Alan. Good morning and good afternoon to everyone. We would like to welcome you to the webcast and conference call for CNH Industrial’s Third Quarter Results for the period ending September 30, 2022.

This call is copyrighted by CNH Industrial and any other use, recording or transmission of any portion of this broadcast without the expressed written consent of CNH Industrial is strictly prohibited.

Hosting today’s call are CNH Industrial’s CEO, Scott Wine; and CFO, Oddone Incisa. They will use the material available for download from the CNH Industrial website.

Please note that any forward-looking statements that we might be making during today’s call are subject to the risks and uncertainties mentioned in the Safe Harbor statement included in the presentation material.

Additional information pertaining the factors that could cause actual results to differ materially is contained in the company’s most recent report 20-F and EU annual report, as well as other periodic reports and filings with the U.S. Securities and Exchange Commission and the equivalent authorities in the Netherlands and Italy.

The company presentation includes certain non-GAAP financial measures. Additional information including reconciliations to the most directly comparable U.S. GAAP financial measures is included in the presentation material.

I will now turn the call over to Scott.

Scott Wine

Thank you, Jason, and thanks everyone for joining the call. It’s actually better now that I have my mic turned on. It’s not lost on me that we are hosting this call on Election Day in the United States following similar activities and some appointments in other countries that impact our business.

This is relevant to the outstanding results we will discuss this morning and that the CNH team is proving its capabilities to successfully navigate a myriad of complex challenges. We are not immune from the external impact of geopolitical risks, inflation, supply chain constraints and economic downturns, but the strength of both the global AG markets and our team, technology, products, and brands, are nice assets to have right now.