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MARANELLO, NOVEMBER 3, 2026 Q3 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 pace with advances in high performance automotive technology, and meet the challenges and costs of continually integrating leading-edge innovations into our car portfolio over time, while continuing to create distinctive and desirable 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. November 3, 2026 2
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Note: (1) Refer to notes to the presentation in the Appendix Q3 2026 revenues at €1.9B, EBIT(1) surpassing €560M and growing double-digit, and industrial free cash flow(1) generation at ~€570M Further progress in each Ferrari soul: • Sports cars: healthy demand across all geographies, order book entering 2028 and 2 more launches by year-end. Luce fully allocated for 2027. • Racing: competing at the top in both WEC and Formula 1. Advancements in the Hypersail project. • Lifestyle: Sketch Body launch in the Collectibles offer, preparing for the NYC Flagship opening 3November 3, 2026 STRONG MIX AND PERSONALIZATIONS SUSTAIN Q3 GROWTH AND FURTHER 2026 GUIDANCE UPGRADE
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4November 3, 2026 PROGRESS IN EACH OF OUR SOULS
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5November 3, 2026Note: (1) Refer to notes to the presentation in the Appendix Q3 2026 HIGHLIGHTS €1.9B REVENUES €753M EBITDA(1) 39.7% EBITDA(1) MARGIN +20% EBITDA(1) GROWTH AT CONSTANT FX >21% PERSONALIZATION RATE €567M IFCF(1) GENERATION
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V8 Hybrid SF90 XX SF90 XX Spider Q3 2026 – SHIPMENTS(2)(3) AND MODEL CHANGE-OVER Note: (2) (3) Refer to notes to the presentation in the Appendix SHIPMENTS BREAKDOWN November 3, 2026 6 BY REGION EMEA 44% MAINLAND CHINA, HONG KONG AND TAIWAN 4% REST OF APAC 21% AMERICAS 31% 3,368 UNITS RANGE 77% SUPERCAR 1% SPECIAL SERIES 22% 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 SUPERCAR RANGE MODELS GLOBAL DISTRIBUTION V8 Hybrid 849 Testarossa 849 Testarossa Spider V6 Hybrid 296 Speciale A SPECIAL SERIES V6 Hybrid 296 Speciale
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1,479 1,445 1,588 1,586 211 206 220 220 76 76 89 90 (39) (1) 143 14 13 1,766 1,727 1,897 1,896 Q3 2025 FX hedges Q3 2025 Q3 2025 w/o FX hedges Cars and spare parts Sponsorship, commercial and brand Other Q3 2026 at constant currency 2025 Change in FX 2025 vs 2026 & FX hedges Q3 2026 Q3 2026 Cars and spare parts Sponsorship, commercial and brand Other NET REVENUES BRIDGE Q3 2025 – 2026 Note: (4) (5) (6) (7) Refer to notes to the presentation in the Appendix +9.9% +6.8% +17.1% (4) (5) (6) (7) Net revenues reported +7.4% Net revenues at constant currency(7) +9.9% • Richer product mix and higher personalizations • Mainly higher sponsorships and lifestyle activities, 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) November 3, 2026 7
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EBIT BRIDGE Q3 2025 – 2026 Note: (7) Refer to notes to the presentation in the Appendix • Flat volumes with positive spare parts contribution • Positive product mix, mainly supported by F80 and higher personalizations • Higher D&A, in line with the start of production of new models • SG&A mainly reflecting higher marketing expenses • Other: higher costs due to better Formula 1 in-season ranking assumptions versus last year, partially offset by a positive contribution from racing and lifestyle activities (€M) November 3, 2026 8 464 569 (39) (16) (5) (1) (6) 503 8 119 563 EBIT Q3 2025 FX hedges Q3 2025 EBIT Q3 2025 w/o FX hedges Volume Mix / Price Ind. Costs / R&D SG&A Other EBIT Q3 2026 at constant currency 2025 Change in FX 2025 vs 2026 & FX hedges Q3 2026 EBIT Q3 2026 EBITDA 670 37.9% EBITDA 631 36.5% Margin 28.4% Margin 26.8% Margin 29.7% (7) EBITDA 759 39.9% EBITDA 753 39.7% EBIT reported +12.1% EBIT at constant currency(7) +22.7% Margin 30.0%
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(131) 219 567 (38) (173) (6) June 30, 2026 Net Industrial Debt Industrial FCF Dividends Share repurchases Currency, Other & IFRS 16 September 30, 2026 Net Industrial Cash 738 567 60 (5) (226) EBITDA (Industrial Activities only) Q3 2026 Change in working capital, provisions & other Net cash interest & Taxes Capex Industrial FCF Q3 2026 INDUSTRIAL FCF AND NET INDUSTRIAL (DEBT)/CASH(1) BRIDGES JUNE 30, 2026 – SEPT. 30, 2026 Note: (1) (8) (9) Refer to notes to the presentation in the Appendix +84 +3 +4 +171+80 (8) (€M) November 3, 2026 9 +171 (6) • Positive net effect from advances supporting change in working capital & other • Capex spending mainly on product development. Infrastructure focused on new paint shop construction, approaching its completion. • Multi-year share repurchase program ongoing, €173M repurchased in the quarter Change vs Q3 ‘25 (41) (9) +4
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UPGRADED 2026 GUIDANCE Note: (10) (11) (12) Refer to notes to the presentation in the Appendix November 3, 2026 10 (€B, unless otherwise stated) 2025 ACTUAL PREVIOUS 2026 GUIDANCE UPGRADED 2026 GUIDANCE NET REVENUES 7.15 ~7.60 ~7.65 ADJ. EBITDA (margin %) 2.77 38.8% ≥2.97 ≥39.0% ≥3.00 ≥39.2% ADJ. OPERATING PROFIT (EBIT) (margin %) 2.11 29.5% ≥2.26 ≥29.5% ≥2.285 ≥29.8% ADJ. DILUTED EPS (€) 8.96(10) ≥9.68(11) ≥9.85(12) INDUSTRIAL FCF 1.54 ≥1.55 Up to 1.65 Based on the updated assumptions: • Stronger personalizations than initially expected • Lower than anticipated currency headwinds, net of hedges • Second place in the Formula 1 Championship 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 11
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APPENDIX 12
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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. In the first nine months of 2026 the Company paid €635 million of the distribution to owners of the parent and the remaining balance, which mainly relates to withholding taxes, is expected to be paid in the fourth quarter of 2026. 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. Calculated using the weighted average diluted number of common shares as of September 30, 2026 (176,510 thousand) 13. 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) 14. Capitalized as intangible assets 15. Free cash flow from industrial activities for the three and nine months ended September 30, 2025 have been re-presented to include Euro 32 million mainly related to withholding taxes, which were paid in the third quarter 16. Not including lease liabilities and other debt November 3, 2026 13
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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. November 3, 2026 14
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2.14 2.44 Q3 '25 Q3 '26 503 563 Q3 '25 Q3 '26 +14.0%+12.1% Q3 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) 29.7% -1.0% +7.4% +12.4% +43.1% 670 753 Q3 '25 Q3 '26 396 567 Q3 '25 Q3 '26 3,401 3,368 Q3 '25 Q3 '26 1,766 1,896 Q3 '25 Q3 '26 28.4% November 3, 2026 15 39.7% 37.9%
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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 November 3, 2026 16 1,449 1,487 1,045 1,050 248 143 659 688 3,401 3,368 Q3 2025 Q3 2026 BY REGION BY POWERTRAIN HYBRID 33% INTERNAL COMBUSTION ENGINE (ICE) 67% 4,796 4,801 3,060 2,867 759 583 1,873 1,919 10,488 10,170 9M 2025 9M 2026 HYBRID 31% INTERNAL COMBUSTION ENGINE (ICE) 69% Q3 2026 9M 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 November 3, 2026 17
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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 November 3, 2026 18
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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 November 3, 2026 19 Q3 ‘26 Q3 ‘25 €M, unless otherwise stated 9M ‘26 9M ‘25 1,896 1,766 Net revenues 5,682 5,344 902 882 Cost of sales 2,711 2,586 173 160 Selling, general and administrative costs 522 469 251 222 Research and development costs 714 680 8 2 Other expenses/(income), net 27 20 1 3 Result from investments 8 8 563 503 Operating profit (EBIT) 1,716 1,597 4 13 Financial expenses/(income), net 19 34 559 490 Profit before taxes 1,697 1,563 128 108 Income tax expenses 390 344 23.0% 22.0% Effective tax rate 23.0% 22.0% 431 382 Net profit 1,307 1,219 2.45 2.14 Basic EPS (€) 7.40 6.83 2.44 2.14 Diluted EPS (€) 7.39 6.82 753 670 EBITDA 2,230 2,072 738 658 of which EBITDA (Industrial Activities only) 2,187 2,040
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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 November 3, 2026 20 Q3 ‘26 Q3 ‘26 at constant currency €M, unless otherwise stated 9M ‘26 9M ‘26 at constant currency 1,586 1,588 Cars and spare parts 4,771 4,835 220 220 Sponsorship, commercial and brand 647 647 90 89 Other 264 268 1,896 1,897 Total net revenues 5,682 5,750 Q3 ‘26 Q3 ‘26 at constant currency €M, unless otherwise stated 9M ‘26 9M ‘26 at constant currency 753 759 EBITDA 2,230 2,283 563 569 Operating profit (EBIT) 1,716 1,769
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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 November 3, 2026 21 Q3 ‘26 Q3 ‘25 €M, unless otherwise stated 9M ‘26 9M ‘25 431 382 Net profit 1,307 1,219 128 108 Income tax expenses 390 344 4 13 Financial expenses/(income), net 19 34 190 167 Amortization and depreciation 514 475 753 670 EBITDA 2,230 2,072 - - Adjustments - - 753 670 Adjusted EBITDA 2,230 2,072
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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 November 3, 2026 22 Q3 ‘26 Q3 ’25 €M, unless otherwise stated 9M ’26 9M ‘25 563 503 Operating profit (EBIT) 1,716 1,597 - - Adjustments - - 563 503 Adjusted Operating profit (EBIT) 1,716 1,597
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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 November 3, 2026 23 Q3 ’26 Q3 ’25 €M, unless otherwise stated 9M ’26 9M ‘25 431 382 Net profit 1,307 1,219 - - Adjustments - - 431 382 Adjusted Net profit 1,307 1,219
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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 November 3, 2026 24 Q3 ’26 Q3 ’25 €M, unless otherwise stated 9M ’26 9M ‘25 430 381 Net profit attributable to the owners of the Company 1,305 1,217 175,730 178,148 Weighted average number of common shares (thousand) 176,309 178,340 2.45 2.14 Basic EPS (€) 7.40 6.83 - - Adjustments - - 2.45 2.14 Adjusted Basic EPS (€) 7.40 6.83 175,931 178,348 Weighted average number of common shares for diluted earnings per common share (thousand)(12) 176,510 178,540 2.44 2.14 Diluted EPS (€) 7.39 6.82 - - Adjustments - - 2.44 2.14 Adjusted Diluted EPS (€) 7.39 6.82
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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 November 3, 2026 25 Q3 ’26 Q3 ’25 €M, unless otherwise stated 9M ’26 9M ‘25 226 230 Capital expenditures(8) 715 693 118 106 of which capitalized development costs(13) (A) 352 326 151 138 Research and development costs expensed (B) 451 444 269 244 Total research and development (A+B) 803 770 100 84 Amortization of capitalized development costs (C) 263 236 251 222 Research and development costs as recognized in the consolidated income statement (B+C) 714 680
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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 November 3, 2026 26 Q3 ’26 Q3 ’25 €M, unless otherwise stated 9M ’26 9M ‘25 737 588 Cash flow from operating activities 2,037 1,830 (226) (230) Investments in property, plant and equipment and intangible assets (715) (693) 511 358 Free Cash Flow 1,322 1,137 (56) (38) Free Cash Flow from Financial Services Activities (174) (77) 567 396 Free Cash Flow from Industrial Activities 1,496 1,214
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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 September 30, 2026 June 30, 2026 March 31, 2026 December 31, 2025 December 31, 2024 December 31, 2023 December 31, 2022 December 31, 2021 Debt (3,122) (3,166) (2,929) (2,884) (3,352) (2,477) (2,812) (2,630) of which: Lease liabilities as per IFRS 16 (156) (157) (161) (162) (126) (73) (57) (56) Cash and Cash Equivalents 1,729 1,486 1,857 1,467 1,742 1,122 1,389 1,344 Net (Debt)/Cash (A) (1,393) (1,680) (1,072) (1,417) (1,610) (1,355) (1,423) (1,286) Net (Debt)/Cash of Financial Services Activities (1,612) (1,549) (1,460) (1,385) (1,430) (1,256) (1,216) (989) Net Industrial (Debt) / Cash (B) 219 (131) 388 (32) (180) (99) (207) (297) EBITDA / EBITDA LTM (C) 2,930 2,847 2,801 2,772 2,555 2,279 1,773 1,531 EBITDA / EBITDA (Industrial Activities only) LTM (D) 2,876 2,796 2,754 2,729 2,516 2,243 1,732 1,493 Financial Leverage on Net Industrial Debt (B/D) n.m. ~0.0x n.m. ~0.0x 0.1x ~0.0x 0.1x 0.2x Financial Leverage on Net Debt (A/C) 0.5x 0.6x 0.4x 0.5x 0.6x 0.6x 0.8x 0.8x November 3, 2026 27
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(1,393) 219 (1,612) September 30, 2026 Net Debt September 30, 2026 Net Debt of Financial Services Activities September 30, 2026 Net Industrial Cash 150 500 150 150269 549 385 160 73 19 182 150 75 75 269 731 535 385 573 244 150 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 Sept. 30 At Jun. 30 At Mar. 31 At Dec. 31 2026 2026 2026 2025 2024 2023 Debt (3,122) (3,166) (2,929) (2,884) (3,352) (2,477) Cash and Cash Equivalents (A) 1,729 1,486 1,857 1,467 1,742 1,122 Net (Debt)/Cash (1,393) (1,680) (1,072) (1,417) (1,610) (1,355) Net (Debt)/Cash of Financial Services Activities (1,612) (1,549) (1,460) (1,385) (1,430) (1,256) Net Industrial (Debt)/Cash 219 (131) 388 (32) (180) (99) Undrawn Committed Credit Lines (B) 550 550 550 550 550 600 Total Available Liquidity (A+B) 2,279 2,036 2,407 2,017 2,292 1,722 At Sept. 30 At Jun. 30 At Mar. 31 At Dec. 31 2026 2026 2026 2025 2024 2023 Euro 1,561 1,263 1,686 1,328 1,536 894 US Dollar 85 137 101 75 108 97 Chinese Yuan 29 52 29 24 63 81 British Pound 7 11 8 10 8 20 Japanese Yen 17 8 7 8 3 5 Other Currencies 30 15 26 22 24 25 Total (€ equivalent) 1,729 1,486 1,857 1,467 1,742 1,122 November 3, 2026 28