This presentation may contain statements that are forward looking. These statements are based on current expectations and assumptions that are

This presentation may contain statements that are forward looking. These statements are based on current expectations and assumptions that are subjec...
Author: Phyllis Hunt
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This presentation may contain statements that are forward looking. These statements are based on current expectations and assumptions that are subject to risks and uncertainties, which may cause actual results to differ materially. A summary of risks and uncertainties is described in more detail in our periodic reports filed with the Securities and Exchange Commission (SEC). We undertake no duty to update or revise this presentation, whether as a result of new information, future events or otherwise. For the most recent financial, risk and other information about PACCAR, please see our SEC filings and most recent earnings release available on the Investor Resources page of www.paccar.com.

May 2015

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May 2015

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>16T Truck Manufacturing 2014 Production (Units 000s)

Daimler Volvo Volkswagen Dongfeng PACCAR Sinotruk FAW Beijing Foton Shaanxi Tata Motors Hino Navistar Jianghuai KamAZ Isuzu Iveco Ashok Leyland Hongyan Hualing Ford

#5

Total Production 2014 = 1.8 Million 0

May 2015

50

100

150

200

250 Page 4

PACCAR Revenues and Profit 76 consecutive years of net profit Dividends every year since 1941 ($ Millions) Revenues

1st Quarter 2015 2014 $4,833 $4,380

Full Year 2014 2013 $18,997 $17,124

Net Income

378

274

1,359

1,171

Diluted EPS

1.06

0.77

3.82

3.30

May 2015

Page 5

PACCAR Inc

A+/A1 Credit Ratings ($ Millions)

May 2015

Cash & Securities Manufacturing Assets Investment in Financial Services Total Assets

3/31/15 $2,715 5,774 2,355 $10,844

Manufacturing Debt Manufacturing Liabilities Shareholders' Equity Total Liabilities & Equity

$0 4,112 6,732 $10,844 Page 6

PACCAR Overview – Q1 2015 Consolidated Sales & Revenues $4.83 Billion $378 Million Net Income PACCAR Financial Pre-Tax Profit $89 Million PACCAR Parts Pre-Tax Profit $139 Million $6.73B Stockholders’ Equity A1/A+ Credit Ratings Shareholder Return of 18% in 2014 Regular Dividend More than Doubled in Last 10 years May 2015

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PACCAR

Excellent Financial Performance Throughout the Business Cycle $ Billions 20

Revenue

$ Billions $ Millions 20 1,500

Net Income

$ Millions 1,500

16

16

1,200

12

12

900

900

8

8

600

600

4

4

300

300

0

0

0

0 05 06 07 08 09 10 11 12 13 14

05 06 07 08 09 10 11 12 13 14

Capital Investments and R&D Expenses

Operating Cash Flow $ Millions 2,400

1,200

$ Millions $ Millions 2,400 900

$ Millions 900

2,000

2,000

750

750

1,600

1,600

600

600

1,200

1,200

450

450

800

800

300

300

400

400

150

150

0

0 05 06 07 08 09 10 11 12 13 14

0

0 05 06 07 08 09 10 11 12 13 14 Capital

May 2015

R&D Page 8

Annualized Shareholder Total Return % Fifteen Years, As of March 31, 2015 Hino Deere Caterpillar Volvo Isuzu Honda Daimler Toyota S&P 500 Ford Navistar

-5

May 2015

0

5

10

15

20

Page 9

Quality

Technology

Innovation

Automotive News PACE Innovation Partnership Award 2014

Kenworth T880 - Commercial Truck of the Year 2015

Operational and Workplace Leadership Awards

DAF XF Euro 6 – 2014 Fleet Truck of the Year in the U.K.

GreenFleet Vehicle Manufacturer of the Year 2014

Engineering and Production Technology Leadership Awards May 2015

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Aftermarket Support

Commercial Vehicles

Powertrain

Information Technology May 2015

Financial Services Page 11

Heavy Duty Commercial Vehicles Units (000s) 000s Units

Units (000s)

350

350

300

300

250

250

200

200

150

150

100

100

50

50

0

0 97

99

01

03

05

07

09

11

13

15 Fcst

US & Canada May 2015

Europe

South America Page 12

New Products and Technologies

Fault Detected

May 2015

Off-Board Diagnostics

Automated Notification

Action Plan

Resolution

Page 13

New Facility Investments

• Westerlo

DAF, Ponta Grossa, Brasil

DAF, Westerlo, Belgium

Kenworth, Chillicothe, Ohio

Tech Center, Mt. Vernon, WA

May 2015

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PACCAR Engines Worldwide

May 2015

PACCAR PX-5

PACCAR PX-7

PACCAR PX-9

4.5 Liter

6.7 Liter

8.9 Liter

PACCAR PR

PACCAR MX-11

PACCAR MX-13

9.2 Liter

10.8 Liter

12.9 Liter Page 15

PACCAR MX Engines In Operation Engines (000s)

Engines (000s)

400

400

350

350

300

300

250

250

200

200

150

150

100

100

50

50

0

0 2006

2007

2008

DAF MX-13 May 2015

2009

2010

2011

KW/PB MX-13

2012

2013

2014

DAF MX-11 Page 16

PACCAR Heavy Duty Market Share 50%

50%

45%

45%

40%

40%

35%

35%

30%

30%

25%

25%

20%

20%

15%

15%

10%

10%

5%

5%

0%

0% S. America

Europe

Australia

2004 May 2015

U.S.

Canada

Mexico

2014 Page 17

PACCAR Parts Revenue $ Millions

$ Millions

3,500

3,500

3,000

3,000

2,500

2,500

2,000

2,000

1,500

1,500

1,000

1,000

500

500

0

0 05

May 2015

06

07

08

09

10

11

12

13

14 Page 18

PACCAR Parts Distribution Centers and Dealers

PACCAR Distribution Centers

May 2015

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PACCAR Parts Investments

Eindhoven, NL

Renton, WA May 2015

Lancaster, PA

Ponta Grossa, BR Page 20

PACCAR Global Dealer Network

May 2015

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Rigorous Cost Control SG&A

$ Millions

%

500

5

400

4

300

3

200

2 05

06

07

08

09 Dollars

10

11

12

13

14

% to Sales

• Reliability

• Efficiency

• Eliminate Defects

• Fast & Easy Assembly

• Productivity

• Reduce Variation

• Robust Design

• Streamlined Processes

• Consistent Performance

May 2015

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Throughout the world, PACCAR has earned a reputation for unsurpassed quality. Much of the credit for this global success goes to PACCAR partner suppliers. We salute these companies who join with us to make product quality the ultimate competitive advantage.

May 2015

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>6t Regional Truck Market Growth Russia/CIS

Europe

95 305

175

China

370

14% Growth 990 1,010

North America 475

4% Growth

505

1% Growth

India Africa & Middle East

Latin America 195

185 200

240

2% Growth

4% Growth

Growth Rate is Annualized 2014-2019 May 2015

215

365

11% Growth Rest of Asia

0% Growth Australia 21

26

4% Growth

280 320

2014

>6t Global Market Size

2019

Units in Thousands

3% Growth

2014 – 2.8 Million 2019 – 3.2 Million Page 24

May 2015

Taiwan

Russia

Brasil

India Page 25

May 2015

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PACCAR Financial Services – Q1 2015 $11.8 Billion in Assets $89 Million Pretax Profit 168,000 Vehicles Financed 50,000 Customers Dealer Floorplan Retail Financing Full Service Leasing May 2015

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PACCAR Financial Services Competitive Advantages A+/A1 Credit Ratings Quality Portfolio Technology Leadership

May 2015

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PACCAR Financial Services Assets

23% Europe

Australia & Mexico 10%

PacLease 13%

US & Canada 53%

2004 - $7.0 Billion May 2015

Australia & Mexico

10%

20% Europe PacLease 20%

US & Canada 50%

1Q15 - $11.8 Billion Page 29

PACCAR Financial Europe Trucks 000’s

Trucks 000’s

50

50

40

40

30

30

20

20

10

10

200 DAF Dealers

0

0

15 European Countries

05 06 07 08 09 10 11 12 13 14 May 2015

$2.3 Billion in Assets

Page 30

PACCAR Leasing Trucks 000’s

Trucks 000’s

40

40

35

35

30

30

25

25

20

20

560 Service Locations

15

15

38,000 Vehicles

10

10

$2.4 Billion Assets

05 06 07 08 09 10 11 12 13 14 May 2015

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PACCAR Financial Services Delivers Strong Performance Low 30+ Days Past Due

Assets and Pretax Profit Pretax Profit $ Millions

%

%

Assets $ Billions

8

8

16

400

7

7

14

350

6

6

12

300

5

5

10

250

4

4

8

200

3

3

6

150

2

2

4

100

1

1

2

50

0

0

0

0

90 92 94 96 98 00 02 04 06 08 10 12 14

05 06 07 08 09 10 11 12 13 14

Avg. Earning Assets

May 2015

Pretax Profit

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PACCAR Financial Services

($ Millions)

May 2015

Finance & Other Receivables Equipment on Operating Leases Other Assets Total Financial Services Assets

3/31/15 $8,928 2,256 654 $11,838

Commercial Paper Term Notes & Bank Loans Deferred Taxes & Other Liabilities Total Financial Services Liabilities Equity Total Liabilities & Equity

$2,175 6,000 1,308 9,483 2,355 $11,838 Page 33

PACCAR Competitive Advantages Excellent Shareholder Return Experienced Management Team Highest Quality Products Rigorous Cost Control Balanced Global Diversification Excellent Supplier Partnerships Extensive Capital Investments Innovative Technology Global Aftermarket Parts Sales Profitable Financial Services Strongest Dealer Network May 2015

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May 2015

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