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MARANELLO, JULY 30, 2026 Q2 2026 RESULTS
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FORWARD LOOKING STATEMENT In this document, unless otherwise specified, the terms “we”, “our”, “us”, the “Group”, the “Company” and “Ferrari” refer to Ferrari N.V., individually or together with its subsidiaries, as the context may require. This document, and in particular the section entitled “2026 Guidance”, contain forward-looking statements. These statements may include terms such as “may”, “will”, “expect”, “could”, “should”, “intend”, “estimate”, “anticipate”, “believe”, “remain”, “continue”, “on track”, “successful”, “grow”, “design”, “target”, “objective”, “goal”, “forecast”, “projection”, “outlook”, “prospects”, “plan”, “guidance” and similar expressions. Forward-looking statements are not guarantees of future performance. Rather, they are based on the Group’s current expectations and projections about future events and, by their nature, are subject to inherent risks and uncertainties. They relate to events and depend on circumstances that may or may not occur or exist in the future and, as such, undue reliance should not be placed on them. Actual results may differ materially from those expressed in such statements as a result of a variety of factors, including: our ability to preserve and enhance the value of the Ferrari brand; our ability to attract and retain qualified personnel; the success of our racing activities; our ability to keep up with advances in high performance car technology, to meet the challenges and costs of integrating electric technology more broadly into our car portfolio over time and to make appealing designs for our new models; increases in costs, including as a result of increasingly stringent fuel economy, emissions and safety standards, disruptions of supply or shortages of components and raw materials; our ability to successfully carry out our controlled volume and growth strategy, while increasing our presence in growth market countries; changes in general economic conditions (including changes in the markets in which we operate) and changes in demand for luxury goods, including high performance luxury cars, which is volatile; macro events, pandemics and conflicts, including the ongoing conflicts in Ukraine and the Middle East region, and the related issues potentially impacting sourcing and transportation; trading policies and tariffs; competition in the luxury performance automobile industry; changes in client preferences and automotive trends; our ability to preserve the value of our cars over time and our relationship with the automobile collector and enthusiast community; disruptions at our manufacturing facilities in Maranello and Modena; climate change and other environmental impacts, as well as an increased focus of regulators and stakeholders on environmental matters; our ability to maintain the functional and efficient operation of our information technology systems and to defend against the risk of cyberattacks; the ability of our current management team to operate and manage effectively, and the reliance upon a number of key members of executive management and employees; the performance of our dealer network on which we depend for sales and services; product warranties, product recalls and liability claims; the sponsorship and commercial revenues and expenses of our racing activities, as well as the popularity of motor sports more broadly; the performance of our lifestyle activities; our ability to protect our intellectual property rights and to avoid infringing the intellectual property rights of others; changes in tax or fiscal policies and regulatory, political and labor conditions in the jurisdictions in which we operate; our continued compliance with customs regulations of various jurisdictions; labor relations and collective bargaining agreements; our ability to ensure that our employees, agents and representatives comply with applicable law and regulations; exchange rate fluctuations, interest rate changes, credit risk and other market risks; our ability to service and refinance our debt; our ability to provide or arrange for adequate access to financing for our clients and dealers, and associated risks; the adequacy of our insurance coverage to protect us against potential losses; potential conflicts of interest due to director and officer overlaps with our largest shareholders; and other factors discussed elsewhere in this document. The Group expressly disclaims and does not assume any liability in connection with any inaccuracies in any of the forward-looking statements in this document or in connection with any use by any third party of such forward-looking statements. Any forward-looking statements contained in this document speak only as of the date of this document and the Company does not undertake any obligation to update or revise publicly forward-looking statements. Further information concerning the Group and its businesses, including factors that could materially affect the Company’s financial results, is included in the Company’s reports and filings with the U.S. Securities and Exchange Commission, the AFM and CONSOB. July 30, 2026 2
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Note: (1) Refer to notes to the presentation in the Appendix Q2 2026 revenues at €1.94B, EBITDA(1) surpassing €750M and industrial free cash flow(1) generation at ~€275M The most complete and diversified product offering ever, with all three powertrains • Ferrari Luce, a milestone in our history and an addition to the product portfolio • 12Cilindri Manuale, a fully allocated Special Series that reintroduces the manual transmission Healthy demand across all geographies, order book covers the entire 2027 3July 30, 2026 PERSONALIZATIONS AND MIX CONTINUE TO DRIVE STRONG RESULTS AND 2026 GUIDANCE RAISE
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4July 30, 2026Note: (1) Refer to notes to the presentation in the Appendix Q2 2026 HIGHLIGHTS €1.94B REVENUES >20% PERSONALIZATION RATE €755M EBITDA(1) €276M IFCF(1) GENERATION 39.0% EBITDA(1) MARGIN ~€800M SHAREHOLDER REWARD
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V8 Hybrid SF90 XX SF90 XX Spider Q2 2026 – SHIPMENTS(2)(3) AND MODEL CHANGE-OVER Note: (2) (3) Refer to notes to the presentation in the Appendix SHIPMENTS BREAKDOWN July 30, 2026 5 BY REGION EMEA 55% MAINLAND CHINA, HONG KONG AND TAIWAN 6% REST OF APAC 16% AMERICAS 23% 3,366 UNITS RANGE 83% SUPERCAR 1% SPECIAL SERIES 16% BY PILLAR V6 Hybrid 296 GTS V8 Roma Spider MODELS PHASING-OUT RANGE MODELS PHASING-IN SPECIAL SERIES RANGE V8 Amalfi SPECIAL SERIES V6 Hybrid F80 V12 Purosangue 12Cilindri 12Cilindri Spider SUPERCARRANGE MODELS GLOBAL DISTRIBUTION V6 Hybrid 296 Speciale 296 Speciale A V8 Hybrid 849 Testarossa
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1,507 1,484 1,641 1,629 205 202 207 209 75 75 101 100 (26) (11) 157 5 26 1,787 1,761 1,949 1,938 Q2 2025 FX hedges Q2 2025 Q2 2025 w/o FX hedges Cars and spare parts Sponsorship, commercial and brand Other Q2 2026 at constant currency 2025 Change in FX 2025 vs 2026 & FX hedges Q2 2026 Q2 2026 Cars and spare parts Sponsorship, commercial and brand Other NET REVENUES BRIDGE Q2 2025 – 2026 Note: (4) (5) (6) (7) Refer to notes to the presentation in the Appendix +10.7% +2.3% +32.4% (4) (5) (6) (7) Net revenues reported +8.4% Net revenues at constant currency(7) +10.6% • Richer product mix and higher personalizations • Mainly higher sponsorships, partially offset by lower Formula 1 commercial revenues • Other revenues mainly reflecting rental of engines to other Formula 1 racing teams • Negative currency net impact, mainly USD and JPY (€M) July 30, 2026 6
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EBIT BRIDGE Q2 2025 – 2026 Note: (7) Refer to notes to the presentation in the Appendix • Deliveries as planned • Positive product mix, mainly supported by F80, and higher personalizations • Higher industrial costs, partially offset by temporary lower D&A in line with the ongoing model change-over • Higher SG&A reflecting marketing expenses • Other negative: higher costs due to better Formula 1 in-season ranking assumptions versus last year, partially compensated by a positive contribution from racing activities (€M) July 30, 2026 7 526 611 (26) (13) (8) (6) (10) (6)552 122 605 EBIT Q2 2025 FX hedges Q2 2025 EBIT Q2 2025 w/o FX hedges Volume Mix / Price Ind. Costs / R&D SG&A Other EBIT Q2 2026 at constant currency 2025 Change in FX 2025 vs 2026 & FX hedges Q2 2026 EBIT Q2 2026 EBITDA 709 39.7% EBITDA 683 38.8% Margin 30.9% Margin 29.9% Margin 31.2% (7) EBITDA 761 39.1% EBITDA 755 39.0% EBIT reported +9.5% EBIT at constant currency(7) +16.2% Margin 31.4%
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388 (131) 13 (599) (209) March 31, 2026 Net Industrial Cash Industrial FCF Dividends Share repurchases Currency, Other & IFRS 16 June 30, 2026 Net Industrial Debt 741 276 (103) (126) (236) EBITDA (Industrial Activities only) Q2 2026 Change in working capital, provisions & other Net cash interest & Taxes Capex Industrial FCF Q2 2026 INDUSTRIAL FCF AND NET INDUSTRIAL (DEBT)/CASH(1) BRIDGES MAR 31, 2026 – JUNE 30, 2026 Note: (1) (8) (9) Refer to notes to the presentation in the Appendix (25) +58 +3 +78+42 (8) (€M) July 30, 2026 8 +78 (97) • Change in working capital & other mainly reflecting inventory increase driven by production planning • Capex spending mainly on product development. Infrastructure focused on new paint shop construction. • Multi-year share repurchase program ongoing, €209M repurchased in the quarter • Dividend paid for approximately €600M Change vs Q2 ‘25 (209) (9) 276 (2)
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2026 GUIDANCE RAISED Note: (10) (11) Refer to notes to the presentation in the Appendix July 30, 2026 9 (€B, unless otherwise stated) 2025 ACTUAL PREVIOUS 2026 GUIDANCE UPWARD REVISED 2026 GUIDANCE NET REVENUES 7.15 ~7.50 ~7.60 ADJ. EBITDA (margin %) 2.77 38.8% ≥2.93 ≥39.0% ≥2.97 ≥39.0% ADJ. OPERATING PROFIT (EBIT) (margin %) 2.11 29.5% ≥2.22 ≥29.5% ≥2.26 ≥29.5% ADJ. DILUTED EPS (€) 8.96(10) ≥9.45(10) ≥9.68(11) INDUSTRIAL FCF 1.54 ≥1.50 ≥1.55 Based on the updated assumptions: • Stronger personalizations than initially expected • Lower than anticipated currency headwinds, net of hedges Confirming the below, compared with 2025: • Significant model change-over to shape the year and positive product mix • Higher racing and lifestyle revenues • Increased brand investments, racing and digital expenses • Higher D&A in line with start of production of new models Our guidance is based on current visibility on the Middle East crisis effects.
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Q&A 10
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APPENDIX 11
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NOTES TO THE PRESENTATION 1. The term EBIT is used as a synonym for Operating profit. Adjusted metrics equaled the reported ones, since there were no adjustments impacting EBITDA, EBITDA margin, EBIT, EBIT margin, Net profit, Basic EPS and Diluted EPS in the periods presented. Reconciliations to non-GAAP financial measures are provided in the Appendix. 2. Excluding strictly limited racing cars (such as the XX Programme and the 499P Modificata), one-off and pre-owned cars, and other special sales 3. Shipments geographic breakdown EMEA includes: Italy, UK, Germany, Switzerland, France, Middle East (includes the United Arab Emirates, Saudi Arabia, Bahrain, Lebanon, Qatar, Oman and Kuwait), Africa and European markets not separately identified; Americas includes: United States of America, Canada, Mexico, the Caribbean and Central and South America; Rest of APAC mainly includes: Japan, Australia, Singapore, Indonesia, South Korea, Thailand, India and Malaysia 4. Includes net revenues generated from shipments of our cars, any personalization generated on these cars, as well as sales of spare parts 5. Includes net revenues earned by our racing teams (mainly in the Formula 1 World Championship and the World Endurance Championship) through sponsorship agreements and our share of the Formula 1 World Championship commercial revenues, as well as net revenues generated through the Ferrari brand, including lifestyle collections, merchandising, licensing and royalty income 6. Primarily relates to financial services activities, management of the Mugello racetrack and other sports-related activities, as well as net revenues generated from the rental of engines to other Formula 1 racing teams 7. The constant currency presentation eliminates the effects of changes in foreign currency (transaction and translation) and of foreign currency hedges 8. Excluding right-of-use assets recognized during the period in accordance with IFRS 16 – Leases 9. In April 2026 the Annual General Meeting approved a dividend distribution of Euro 640 million, of which Euro 599 million was paid in the quarter. The remaining balance, which mainly relates to withholding taxes, is expected to be paid in the following quarters. 10. Calculated using the weighted average diluted number of common shares as of December 31, 2025 (178,321 thousand) 11. Calculated using the weighted average diluted number of common shares as of June 30, 2026 (176,804 thousand) 12. The weighted average number of common shares for diluted earnings per common share was increased to take into consideration the theoretical effect of the potential common shares that would be issued for outstanding share-based awards granted by the Group (assuming 100 percent of the target awards vested) 13. Capitalized as intangible assets 14. Free cash flow from industrial activities for the three and six months ended June 30, 2025 have been re-presented to exclude Euro 34 million mainly related to withholding taxes, which were paid in the following quarters 15. Not including lease liabilities and other debt July 30, 2026 12
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NON-GAAP FINANCIAL MEASURES Operations are monitored through the use of various non-GAAP financial measures that may not be comparable to other similarly titled measures of other companies. Accordingly, investors and analysts should exercise appropriate caution in comparing these supplemental financial measures to similarly titled financial measures reported by other companies. We believe that these supplemental financial measures provide comparable measures of our financial performance which then facilitate management’s ability to identify operational trends, as well as make decisions regarding future spending, resource allocations and other operational decisions. Reconciliations are only provided to the most directly comparable IFRS financial statement line item for Adjusted EBITDA, Adjusted EBIT and Adjusted Diluted EPS for historical periods, as the income or expense excluded from these non-GAAP financial measures in accordance with our policy are, by definition, not predictable and uncertain. NON-GAAP FINANCIAL MEASURES • Total Net Revenues, EBITDA, adj. EBITDA, EBIT and adj. EBIT at constant currency eliminate the effects of changes in foreign currency (transaction and translation) and of foreign currency hedges. • EBITDA is defined as net profit before income tax expense, financial expenses/(income), net and amortization and depreciation. Adjusted EBITDA is defined as EBITDA as adjusted for certain income and costs, which are significant in nature, expected to occur infrequently, and that management considers not reflective of ongoing operational activities. • Adjusted Earnings Before Interest and Taxes or “Adjusted EBIT” represents EBIT as adjusted for certain income and costs which are significant in nature, expected to occur infrequently, and that management considers not reflective of ongoing operational activities. • Adjusted Net Profit represents net profit as adjusted for certain income and costs (net of tax effects) which are significant in nature, expected to occur infrequently, and that management considers not reflective of ongoing operational activities. • Adjusted Basic Earnings per Common Share and Adjusted Diluted Earnings per Common Share represent earnings per share, as adjusted for certain income and costs (net of tax effects) which are significant in nature, expected to occur infrequently, and that management considers not reflective of ongoing operational activities. • Net Industrial (Debt) / Cash is defined as total debt less cash and cash equivalents (Net Debt), further adjusted to exclude the debt and cash and cash equivalents related to our financial services activities (Net Debt of Financial Services Activities). Net Debt of Financial Services Activities is defined as debt of our financial services activities less cash and cash equivalents of our financial services activities. The Net Debt of Financial Services Activities primarily relates to our asset-backed financing (securitizations) of the receivables generated by our financial services activities in the United States. • Free Cash Flow is defined as cash flows from operating activities less investments in property, plant and equipment (excluding right-of-use assets recognized during the period in accordance with IFRS 16 — Leases), intangible assets. Free Cash Flow from Industrial Activities is defined as Free Cash Flow adjusted to exclude the operating cash flow from our financial services activities (Free Cash Flow from Financial Services Activities). Free Cash Flow from Financial Services Activities is defined as cash flows from operating activities of our financial services activities less investments in property, plant and equipment (excluding right-of-use assets recognized during the period in accordance with IFRS 16 — Leases), intangible assets of our financial services activities. July 30, 2026 13
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2.38 2.62 Q2 '25 Q2 '26 552 605 Q2 '25 Q2 '26 +10.1%+9.5% Q2 2026 HIGHLIGHTS Note: (1) (2) Refer to notes to the presentation in the Appendix SHIPMENTS(2) NET REVENUES (UNITS) (€M) EBIT(1) DILUTED EARNINGS PER SHARE (€M and margin %) (€) EBITDA(1) INDUSTRIAL FREE CASH FLOW(1) (€M and margin %) (€M) 31.2% -3.7% +8.4% +6.6% +39.2% 709 755 Q2 '25 Q2 '26 198 276 Q2 '25 Q2 '26 3,494 3,366 Q2 '25 Q2 '26 1,787 1,938 Q2 '25 Q2 '26 30.9% July 30, 2026 14 39.0% 39.7%
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GROUP SHIPMENTS BREAKDOWN(2)(3) Note: (2) (3) Refer to notes to the presentation in the Appendix AmericasEMEA Mainland China, Hong Kong and Taiwan Rest of APAC July 30, 2026 15 1,646 1,856 993 787 274 185 581 538 3,494 3,366 Q2 2025 Q2 2026 BY REGION BY POWERTRAIN HYBRID 30% INTERNAL COMBUSTION ENGINE (ICE) 70% 3,347 3,314 2,015 1,817 511 440 1,214 1,231 7,087 6,802 H1 2025 H1 2026 HYBRID 30% INTERNAL COMBUSTION ENGINE (ICE) 70% Q2 2026 H1 2026
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STRONG TRACK-RECORD IN NEW MODELS INTRODUCTION Model / year of delivery 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 RANGE MODELS 488 GTB 488 Spider GTC4LUSSO 812 Superfast GTC4LUSSO T Portofino F8 Tributo SF90 Stradale 812 GTS F8 Spider Roma SF90 Spider Portofino M 296 GTB 296 GTS Purosangue Roma Spider 12Cilindri 12Cilindri Spider Amalfi 849 Testarossa 849 Testarossa Spider Ferrari Luce Amalfi Spider RANGE MODELS INTRODUCED July 30, 2026 16
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STRONG TRACK-RECORD IN NEW MODELS INTRODUCTION Model / year of delivery 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 SPECIAL SERIES 458 Speciale A F12tdf 488 Pista 488 Pista Spider 812 Competizione 812 Competizione A SF90 XX Stradale SF90 XX Spider 296 Speciale 296 Speciale A 12Cilindri Manuale ICONA Ferrari Monza SP1 & SP2 Ferrari Daytona SP3 SUPERCAR LaFerrari LaFerrari Aperta F80 TRACK CAR FXX-K FXX-K EVO 488 GT Modificata 296 Challenge 499P Modificata SPECIAL SERIES AND LIMITED EDITION MODELS INTRODUCED July 30, 2026 17
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KEY PERFORMANCE METRICS AND RECONCILIATIONS OF NON-GAAP MEASURES Certain totals in the tables included in this document may not add due to rounding July 30, 2026 18 Q2 ‘26 Q2 ‘25 €M, unless otherwise stated H1 ‘26 H1 ‘25 1,938 1,787 Net revenues 3,786 3,578 919 846 Cost of sales 1,809 1,704 188 160 Selling, general and administrative costs 349 309 218 225 Research and development costs 463 458 12 6 Other expenses/(income), net 19 18 4 2 Results from investments 7 5 605 552 Operating profit (EBIT) 1,153 1,094 4 7 Financial expenses/(income), net 15 21 601 545 Profit before taxes 1,138 1,073 138 120 Income tax expenses 262 236 23.0% 22.0% Effective tax rate 23.0% 22.0% 463 425 Net profit 876 837 2.63 2.38 Basic EPS (€) 4.96 4.68 2.62 2.38 Diluted EPS (€) 4.95 4.68 755 709 EBITDA 1,477 1,402 741 699 of which EBITDA (Industrial Activities only) 1,449 1,382
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RECONCILIATIONS OF NON-GAAP MEASURES: TOTAL NET REVENUES, EBITDAAND OPERATING PROFIT (EBIT)AT CONSTANT CURRENCY Certain totals in the tables included in this document may not add due to rounding July 30, 2026 19 Q2 ‘26 Q2 ‘26 at constant currency €M, unless otherwise stated H1 ‘26 H1 ‘26 at constant currency 1,629 1,641 Cars and spare parts 3,185 3,247 209 207 Sponsorship, commercial and brand 427 427 100 101 Other 174 179 1,938 1,949 Total net revenues 3,786 3,853 Q2 ‘26 Q2 ‘26 at constant currency €M, unless otherwise stated H1 ‘26 H1 ‘26 at constant currency 755 761 EBITDA 1,477 1,524 605 611 Operating profit (EBIT) 1,153 1,200
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RECONCILIATIONS OF NON-GAAP MEASURES: EBITDA AND ADJUSTED EBITDA Certain totals in the tables included in this document may not add due to rounding July 30, 2026 20 Q2 ‘26 Q2 ‘25 €M, unless otherwise stated H1 ‘26 H1 ‘25 463 425 Net profit 876 837 138 120 Income tax expenses 262 236 4 7 Financial expenses/(income), net 15 21 150 157 Amortization and depreciation 324 308 755 709 EBITDA 1,477 1,402 - - Adjustments - - 755 709 Adjusted EBITDA 1,477 1,402
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RECONCILIATIONS OF NON-GAAP MEASURES: ADJUSTED OPERATING PROFIT (EBIT) Certain totals in the tables included in this document may not add due to rounding July 30, 2026 21 Q2 ‘26 Q2 ‘25 €M, unless otherwise stated H1 ‘26 H1 ‘25 605 552 Operating profit (EBIT) 1,153 1,094 - - Adjustments - - 605 552 Adjusted Operating profit (EBIT) 1,153 1,094
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RECONCILIATIONS OF NON-GAAP MEASURES: ADJUSTED NET PROFIT Certain totals in the tables included in this document may not add due to rounding July 30, 2026 22 Q2 ‘26 Q2 ‘25 €M, unless otherwise stated H1 ‘26 H1 ‘25 463 425 Net profit 876 837 - - Adjustments - - 463 425 Adjusted Net profit 876 837
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RECONCILIATIONS OF NON-GAAP MEASURES: ADJUSTED BASIC AND DILUTED EPS Note: (12) Refer to notes to the presentation in the Appendix Certain totals in the tables included in this document may not add due to rounding July 30, 2026 23 Q2 ‘26 Q2 ‘25 €M, unless otherwise stated H1 ‘26 H1 ‘25 462 424 Net profit attributable to the owners of the Company 875 836 176,228 178,216 Weighted average number of common shares (thousand) 176,603 178,437 2.63 2.38 Basic EPS (€) 4.96 4.68 - - Adjustments - - 2.63 2.38 Adjusted Basic EPS (€) 4.96 4.68 176,429 178,427 Weighted average number of common shares for diluted earnings per common share (thousand)(12) 176,804 178,648 2.62 2.38 Diluted EPS (€) 4.95 4.68 - - Adjustments - - 2.62 2.38 Adjusted Diluted EPS (€) 4.95 4.68
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CAPEX AND R&D Note: (8) (13) Refer to notes to the presentation in the Appendix Certain totals in the tables included in this document may not add due to rounding July 30, 2026 24 Q2 ‘26 Q2 ‘25 €M, unless otherwise stated H1 ‘26 H1 ‘25 236 239 Capital expenditures(8) 489 463 122 110 of which capitalized development costs(13) (A) 234 220 145 146 Research and development costs expensed (B) 300 306 267 256 Total research and development (A+B) 534 526 73 79 Amortization of capitalized development costs (C) 163 152 218 225 Research and development costs as recognized in the consolidated income statement (B+C) 463 458
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RECONCILIATIONS OF NON-GAAP MEASURES: FREE CASH FLOW AND FREE CASH FLOW FROM INDUSTRIAL ACTIVITIES(14) Note: (14) Refer to notes to the presentation in the Appendix Certain totals in the tables included in this document may not add due to rounding July 30, 2026 25 Q2 ‘26 Q2 ‘25 €M, unless otherwise stated H1 ‘26 H1 ‘25 437 395 Cash flow from operating activities 1,300 1,242 (236) (239) Investments in property, plant and equipment and intangible assets (489) (463) 201 156 Free Cash Flow 811 779 (75) (42) Free Cash Flow from Financial Services Activities (118) (39) 276 198 Free Cash Flow from Industrial Activities 929 818
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Certain totals in the tables included in this document may not add due to rounding RECONCILIATIONS OF NON-GAAP MEASURES: NET INDUSTRIAL (DEBT) / CASH €M, unless otherwise stated June 30, 2026 March 31, 2026 December 31, 2025 December 31, 2024 December 31, 2023 December 31, 2022 December 31, 2021 Debt (3,166) (2,929) (2,884) (3,352) (2,477) (2,812) (2,630) of which: Lease liabilities as per IFRS 16 (157) (161) (162) (126) (73) (57) (56) Cash and Cash Equivalents 1,486 1,857 1,467 1,742 1,122 1,389 1,344 Net (Debt)/Cash (A) (1,680) (1,072) (1,417) (1,610) (1,355) (1,423) (1,286) Net (Debt)/Cash of Financial Services Activities (1,549) (1,460) (1,385) (1,430) (1,256) (1,216) (989) Net Industrial (Debt) / Cash (B) (131) 388 (32) (180) (99) (207) (297) EBITDA / EBITDA LTM (C) 2,847 2,801 2,772 2,555 2,279 1,773 1,531 EBITDA / EBITDA (Industrial Activities only) LTM (D) 2,796 2,754 2,729 2,516 2,243 1,732 1,493 Financial Leverage on Net Industrial Debt (B/D) ~0.0x n.m. ~0.0x 0.1x ~0.0x 0.1x 0.2x Financial Leverage on Net Debt (A/C) 0.6x 0.4x 0.5x 0.6x 0.6x 0.8x 0.8x July 30, 2026 26
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(1,680) (131) (1,549) June 30, 2026 Net Debt June 30, 2026 Net Debt of Financial Services Activities June 30, 2026 Net Industrial Debt 150 500 150 150 323 526 358 123 73 19 100 182 150 75 75 423 708 508 348 573 244 150 2026 2027 2028 2029 2030 2031 2032 Bond / Notes (USPP) US Securitizations Bank debt & other DEBT AND LIQUIDITY POSITION Note: (15) Refer to notes to the presentation in the Appendix Certain totals in the tables included in this document may not add due to rounding NET INDUSTRIAL (DEBT) / CASHNET INDUSTRIAL (DEBT) / CASH (€M) (€M) CASH AND MARKETABLE SECURITIESGROSS DEBT MATURITY PROFILE(15) (€M and Cash Maturities) (€M) At Jun. 30 At Mar. 31 At Dec. 31 2026 2026 2025 2024 2023 Debt (3,166) (2,929) (2,884) (3,352) (2,477) Cash and Cash Equivalents (A) 1,486 1,857 1,467 1,742 1,122 Net (Debt)/Cash (1,680) (1,072) (1,417) (1,610) (1,355) Net (Debt)/Cash of Financial Services Activities (1,549) (1,460) (1,385) (1,430) (1,256) Net Industrial (Debt)/Cash (131) 388 (32) (180) (99) Undrawn Committed Credit Lines (B) 550 550 550 550 600 Total Available Liquidity (A+B) 2,036 2,407 2,017 2,292 1,722 At Jun. 30 At Mar. 31 At Dec. 31 2026 2026 2025 2024 2023 Euro 1,263 1,686 1,328 1,536 894 US Dollar 137 101 75 108 97 Chinese Yuan 52 29 24 63 81 British Pound 11 8 10 8 20 Japanese Yen 8 7 8 3 5 Other Currencies 15 26 22 24 25 Total (€ equivalent) 1,486 1,857 1,467 1,742 1,122 July 30, 2026 27