Slide 1: July 2026
July 2026 Page 1
Slide 2: Disclosure Regarding Forward-Looking Statements
Disclosure Regarding Forward-Looking Statements 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 a
Slide 3: Index
Index PACCAR Overview 4 Dividend Yield 25 Parts Strategy 47 Our Culture 5 Trucking Moves the Economy 26 Parts Market Opportunity 48 PACCAR Brands 6 >16t Global Truck Market 27 Distribution Centers and Dealer Map 49 Kenworth W990 7 >16t Truck Market Size 28 Kenworth and Peterbilt Locations 50 New Pet
Slide 4: PACCAR A Global Technology Company in Commercial Vehicles
PACCAR A Global Technology Company in Commercial Vehicles 2025 Revenues $28.4B 2025 Net Income $2.4B 2025 Avg Dividend Yield 2.7% 87 Years of Consecutive Profitability; Dividend Paid Every Year Since 1941 Truck and Other Aftermarket Parts $19.4B Revenues $6.9B Revenues Premium Quality Light, Medium,
Slide 5: Our Vision
Our Vision PACCAR is creating trucks and transportation solutions that drive the world’s future. Our focus is on doing things in an ethical and disciplined manner. We make decisions utilizing conservative financial principles and common sense for the long-term benefit of our customers, employees, an
Slide 6: PACCAR Brands and Business Segments
PACCAR’s business segments include Commercial Vehicles, Powertrain, Aftermarket Parts, Financial Services, and Information Technology. PACCAR’s premium brands Kenworth, Peterbilt, and DAF are the premier light, medium, and heavy duty commercial trucks in their markets. Other brands include PACCAR Po
Slide 7: Kenworth W990
Kenworth W990 Kenworth’s W990 long-hood blends classic styling with contemporary aerodynamics, electronics, and cab architecture. July 2026 Page 7
Slide 8: New Peterbilt Model 589
New Peterbilt Model 589 Peterbilt’s new Model 589 Class 8 truck features a new 2.1-meter-wide cab with advanced driver technology and a new digital display. July 2026 Page 8
Slide 9: Peterbilt and Kenworth Medium Duty
Peterbilt and Kenworth Medium Duty The latest medium duty product line-up features an 8” wider cab with 3-person seating. Powered by the updated PACCAR PX engine and PACCAR TX-8 automatic transmission. July 2026 Page 9
Slide 10: Innovative DAF XB, XD, XF, XG, XG+
Innovative DAF XB, XD, XF, XG, XG+ DAF is the first truck manufacturer in the industry to have taken full advantage of Europe’s new regulations governing truck design. The new trucks feature a new aerodynamic design, 13% greater fuel efficiency, and larger interior space. July 2026 Page 10
Slide 11: DAF XF and XD Electric
DAF XF and XD Electric DAF XF and XD Electric won International Truck of the Year in 2026. The trucks have a range of 200 to 500 kilometers. The impressive range is due to the highly efficient drivelines, in combination with DAF's smart battery management system, which distributes the energy stored
Slide 12: New DAF Truck Models
New DAF Truck Models DAF Electric Lineup – XF, XG, XG+ and XD DAF XG+ Interior XF and XG+ XD Vocational July 2026 Page 12
Slide 13: PACCAR Powertrain
The proprietary PACCAR Powertrain is the most advanced heavy-duty powertrain in the market. The PACCAR MX engines are integrated to the PACCAR TX-12 automated transmission and the efficient DX-40 tandem drive axle to achieve exceptional performance and fuel economy. Kenworth and Peterbilt offer the
Slide 14: PACCAR Truck Production
PACCAR Truck Production Over 1.7 Million Trucks Produced 2016 - 2025 PACCAR produced 144,200 trucks in 2025 Units (000s) 250 198.8 204.2 Brasil 189.1 185.9 185.3 Australia 200 158.9 162.7 Mexico 140.9 144.2 133.3 Canada 150 US Europe 100 50 0 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 July 20
Slide 15: Excellent Financial Performance Throughout the Business Cycle
PACCAR Excellent Financial Performance Throughout the Business Cycle $ Billions Revenues $ Billions • Superior operational excellence and 40 35 40 35 premium-quality products and services 30 30 25 25 20 20 • Long-term growth in revenues and net 15 10 15 10 income reflect increased market share, 5 5
Slide 16: Best-in-Class Operating Efficiency
Best-in-Class Operating Efficiency Industry Operating Margin 18% 18% 15% 15% 12% 12% 9% 9% 6% 6% 3% 3% 0% 0% -3% -3% -6% -6% 16 17 18 19 20 21 22 23 24 25 1H26 PACCAR Volvo Daimler Truck Traton Iveco July 2026 Page 16
Slide 17: Best-in-Class Operating Efficiency: SG&A % of Sales
Best-in-Class Operating Efficiency SG&A % of Sales PACCAR’s SG&A as a percentage of sales is much lower than its peer group, reflecting strong financial discipline and an independent dealer network 16% 16% 12% 12% 8% 8% 4% 4% 0% 0% 16 17 18 19 20 21 22 23 24 25 PACCAR Volvo Daimler Truck Traton Ivec
Slide 18: Best-in-Class Inventory Turns
Best-in-Class Inventory Turns 2025 14 14 12 12 10 8 10 8 PACCAR’s inventory turns 6 6 4 4 are the highest in the 2 2 0 0 PACCAR Traton Volvo Daimler Truck Iveco industry, a result of the Average 2021 - 2025 PACCAR Production System, 14 14 12 12 10 8 10 8 Lean Manufacturing, and 6 6 4 4 Six Sigma. 2
Slide 19: PACCAR is Structurally Stronger
PACCAR is Structurally Stronger Adjusted Net Income $5.0B $2.6B $2.4B $1.3B 2020 2025 2019 2023 Market Troughs Market Peaks July 2026 Page 19
Slide 20: Net Income per Truck
Net Income per Truck • Net income per truck is PACCAR’s Truck Units $/Truck net income divided by total truck (000s) unit sales. 250 25,000 225 22,500 200 20,000 • Truck sales not only generate profit from the sale, but also parts and 175 17,500 finance profit. This illustrates the 150 15,000 streng
Slide 21: Best-in-Class Return on Invested Capital
Best-in-Class Return on Invested Capital 2025 50% 50% 40% 40% • 33% ROIC in 2025 30% 30% 20% 20% 10% 10% • Premium price and strong 0% 0% profitability • Effective capital allocation Average 2021 - 2025 process 50% 50% 40% 40% 30% 30% 20% 20% • Lean operations from PACCAR 10% 10% 0% 0% production sy
Slide 22: Capital Allocation Strategy
Capital Allocation Strategy • High ROI capital investments • Pay regular quarterly and annual dividend − Dividend paid every year since 1941 − Total dividends paid approximately 50% of net income for many years − Regular quarterly dividend grew 10% year-over-year (as of 4Q25) • Strategic M&A − Disci
Slide 23: Optimized Research and Development Strategy
Optimized Research and Development Strategy Volumes High Supplier Volume Leverage Volumes Uncertain Stable Technology Path Supplier R&D Expense Expensive Development Proprietary Opportunity Regulatory Uncertainty BUILD PARTNER BUY July 2026 Page 23
Slide 24: Dividends Declared and Stock Repurchases
Dividends Declared and Stock Repurchases $ Millions CAGR = 6% $ Millions 2,500 2,500 2,000 2,000 1,500 1,500 1,000 1,000 500 500 0 0 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 Dividends Stock Repurchased July 2026 Page 24
Slide 25: Excellent Dividend Yield
Excellent Dividend Yield Average Dividend Yield = 3.8% • PACCAR’s dividend yield 6% 6% reflects the total quarterly + annual dividends declared in 5% 5% the year, divided by the 4% 4% average stock price for the year 3% 3% • PACCAR’s dividend yield has 2% 2% averaged 3.8% over the last ten years 1%
Slide 26: Trucking Moves the Economy
Trucking Moves the Economy 72% of U.S. Freight is Moved by Truck Trucking is the lifeblood of the economy. In the U.S., the economy depends on trucks to deliver ten billion tons of virtually every commodity consumed - 72% of all the freight transported. Rail 38.9 million commercial trucks, including
Slide 27: >16t Global Truck Market
>16t Truck Market 2020 – 2.5 Million >16t Global Truck Market 2025 – 2.4 Million Europe China Russia/CIS 1,619 230 298 67 56 1,145 North America 235 258 Rest of Asia 118 118 139 India Africa & South America Middle East 270 94 68 121 97 141 Australia PACCAR Truck Assembly 2020 2025 12 16 Units in Tho
Slide 28: >16t Truck Market Size
>16t Truck Market Size Units (000s) Units (000s) 350 350 300 300 2026 Market Forecast Estimate 250 250 U.S. and Canada 230,000 – 270,000 200 200 Europe 290,000 – 330,000 150 150 S. America 100,000 – 110,000 100 100 50 50 0 0 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 US & Canada
Slide 29: Strategy
Strategy July 2026 Page 29
Slide 30: A Culture of Excellence
A Culture of Excellence Premium Trucks Profitable Growth Transportation Solutions Market Expansion Advanced Manufacturing Quality Technology Innovation Foundation July 2026 Page 30
Slide 31: Investing Throughout the Business Cycle
PACCAR Investing Throughout the Business Cycle • Operating cash flow has averaged $3.7 billion for the last Operating Cash Flow five years and has grown 8% CAGR over the last 20 years $ Billions $ Billions 5.0 4.5 5.0 4.5 • PACCAR has invested $9.2 billion in capital projects, new 4.0 3.5 4.0 3.5 pr
Slide 32: Cumulative PACCAR MX Engines Produced
Cumulative PACCAR MX Engines Produced • PACCAR has produced over 776,000 engines in Europe and # of Engines Cumulative PACCAR MX Engines Produced # of Engines over 362,000 engines in North America. (000s) (000s) • Growing presence in South America and Australia. 1,400 1,400 • The PACCAR engine facto
Slide 33: PACCAR Zero Emission Truck Lineup
PACCAR Zero Emission Truck Lineup Market Specific Models July 2026 Page 33
Slide 34: PACCAR Batteries Reduce Cost in Multiple Applications
PACCAR Batteries Reduce Cost in Multiple Applications Battery Electric Fuel Cell Electric Hybrid Electric Charger Energy Storage July 2026 Page 34
Slide 35: Level 4 Autonomous Trucking
Level 4 Autonomous Trucking L4 Autonomy Technology Commercial Traction Maturing Technology Solutions Increasing Scale: > 150 Weekly Autonomous Trips Expanding Operational Scenarios Strong Interest from Carriers and Shippers Supplier and Service Ecosystem Solidifying Planning Initial Commercial Deplo
Slide 36: PACCAR is Integral in Autonomous Trucking
PACCAR is Integral in Autonomous Trucking Advanced Powertrain Controls Sensor Mounting Sensor Cleaning Provision Proprietary Embedded Software Redundant Thermal System Redundant Brakes PACCAR Redundant Steering High Reliability Power Supply Multi-Partner Strategy Autonomous Vehicle Proprietary Vehic
Slide 37: Autonomy Value Creation and Claims
Autonomy Value Creation and Claims Estimated Costs and Value Created ~$25B Annual Value Creation $2.27 $2.27 $0.65 $1.00 AV Driver $0.17 $0.05 PACCAR $0.75 $0.73 Fleet $0.54 $0.65 Shipper Human Driven Truck Autonomous Truck AV Driver Hardware Truck - Finance, Repair, Tires Personnel Fuel, Insurance,
Slide 38: PACCAR Electronics Creates Strong Competitive Advantage
PACCAR Electronics Creates Strong Competitive Advantage • PACCAR Electronics addresses the growing importance of electronics within product development • Electronic systems include new vehicle Engine Controller architecture, safety systems, vehicle controls and switches and connectivity Safety Syste
Slide 39: Connected Services
Connected Services PACCAR Connect is a state-of-the-art global connected truck platform built on proprietary hardware. Core Services Data Services It enables: • Integrated uptime and fleet vehicle insights • Data-as-a-Service capabilities • Direct access to transportation and fleet Marketplace Servi
Slide 40: PACCAR and Platform Science Connected Vehicle Partnership
PACCAR and Platform Science Connected Vehicle Partnership • PACCAR has made a strategic investment in Platform Science • PACCAR and Platform Science will collaborate on connected trucks • PACCAR will integrate Platform Science Virtual Vehicle into Kenworth and Peterbilt trucks • The solution enables
Slide 41: PACCAR Innovation Center, Sunnyvale, CA
PACCAR Innovation Center, Sunnyvale, CA • PACCAR Innovation Center in Silicon Valley enhances PACCAR’s access to emerging technologies and talent globally • The Innovation Center collaborates across PACCAR to develop next generation technologies such as vehicle prognostics • PACCAR Innovation Center
Slide 42: Artificial Intelligence
Artificial Intelligence PACCAR Manufacturing PACCAR Parts Internal Development Greater Flexibility in Advanced Material Faster Product Factories Management Development July 2026 Page 42
Slide 43: AI Implementations
Truck Specification AI Weld Quality Implementations July 2026 Paint Page 43 Color Match Option Verification
Slide 44: Best in Class Factory Operations
Best in Class Factory Operations Safety Average OSHA Score of 1.36 Across All Factories (2025) Quality Best in Class Quality Capacity Capacity Increased by 17% Over the Past 3 Years Efficiency Deployment of Industry 5.0 & Vision A.I. Technology Flexibility Local for Local Production July 2026 Page 4
Slide 45: PACCAR Manufacturing Capacity Investments
PACCAR Manufacturing Capacity Investments Chassis Paint Booth, Chillicothe, Ohio PACCAR Mexico Expansion July 2026 PagePACCAR 45 Engine Factories and Remanufacturing Center Autonomous Guided Vehicles
Slide 46: Local for Local Production - Optimally Positioned for Tariffs
Local for Local Production - Optimally Positioned for Tariffs Ste. Therese Chillicothe Ken Mex Denton Tariffs March - November Post-Section 232 Finding Tariffs on non-USMCA Components Tariff Offset Program Tariffs on Steel and Aluminum >50% Reduction in Tariff Charges No Tariffs on Trucks from Canad
Slide 47: PACCAR Parts Strategy
PACCAR Parts Strategy PACCAR Parts achieved record $6.9 billion in sales and PACCAR Parts Sales $ Millions $ Millions $1.7 billion in pretax profits in 2025. Over the last 20 7,000 CAGR = 8% 7,000 years, PACCAR Parts has achieved a sales CAGR of 8% 6,000 32% 32% 31% 31% 6,000 5,000 5,000 and profit
Slide 48: Dealer Retail Parts Market Opportunity
Dealer Retail Parts Market Opportunity North America Parts Europe & Rest of World Market Parts Market $70B Opportunity 15% 13% 5% Point Gain $25B $3.5B Retail Sales $45B 2030 Overall Market Size PACCAR Parts Market Share July 2026 Page 48
Slide 49: PACCAR Parts Distribution Centers and Dealers
PACCAR Parts Distribution Centers and Dealers 21 PDCs in 10 Countries; 2,400 Dealer Locations PACCAR Distribution Centers Kenworth and Peterbilt Dealers DAF Dealers Kenworth/DAF Dealers July 2026 Page 49
Slide 50: Growth in Kenworth and Peterbilt Dealer Locations
Growth in Kenworth and Peterbilt Dealer Locations U.S. and Canada Locations Locations 1,000 PACCAR MX-13 Introduced in 2010 1000 900 Dealer Investments of $4.5 Billion since 2010 900 800 68% Growth in Dealer Locations since 2010 800 Drives Long-Term PACCAR Parts Growth 700 700 600 600 500 500 400 40
Slide 51: PACCAR Financial Services Strategy
PACCAR Financial Services Strategy • PACCAR Financial Services supports truck sales by Total Assets 12/31/25 = $22.8 Billion providing financing and leasing services to Australia, Mexico & Brasil $4.5 Billion PACCAR customers 20% U.S. & Canada $10.4 Billion • In 2025, PACCAR Financial financed 27% o
Slide 52: Long-Term Growth in PACCAR Heavy Duty Market Share
Long-Term Growth in PACCAR Heavy Duty Market Share Market Share • Since 2005, PACCAR’s above 16 tonne market 35% 35% share has increased in South America, 30% 30% Australia, and U.S. & Canada • Kenworth is the market leader in Australia 25% 25% • PACCAR’s investment in truck manufacturing 20% 20% in
Slide 53: PACCAR Rest-of-World Growth
PACCAR Rest-of-World Growth Deliveries Deliveries Rev. $M Rev. $M 25,000 25,000 $5,000 $5,000 35% 20,000 20,000 $4,000 $4,000 96% 15,000 15,000 $3,000 $3,000 10,000 10,000 $2,000 $2,000 5,000 5,000 $1,000 $1,000 0 0 $0 $0 2020 2025 2020 2025 July 2026 Page 53
Slide 54: DAF Brasil
DAF Brasil Opened Manufacturing Plant 2013 PFS Brasil Begins Operations 2019 Opened New Parts Distribution Center 2020 4th Brand of the Year Award from FENABRAVE 2021 DAF CF Rigid Introduced 2021 DAF Brasil Builds 20,000th Truck 2022 DAF Brasil 10th Anniversary 2023 DAF CF Parts Distribution Center
Slide 55: Emissions Regulations
Emissions Regulations • Effective January 2027 35 mg NOx Standard; Flexibilities Possible • EPA 27 NOx Technology Increases Costs • EPA Widely Expected to Rescind GHG Endangerment • No Changes to Expected GHG and NOx Regulations and Deadlines • NOx 50% Reduction in 2029 (Euro VII) • GHG 28% Reductio
Slide 56: Fuel Economy Improvement
Fuel Economy Improvement PACCAR Fuel Economy 40% Improvement Since 2010 % Increase % Increase 60 60 NHTSA Fuel Economy Remains 50 50 (2027 Final Step) 40 40 30 30 New Engine Platforms Meet Standards 20 20 Without Electrification 10 10 0 0 Fuel Economy Improvements Drive 10 12 14 16 18 20 22 24 26 28
Slide 57: PACCAR is a Global Leader
PACCAR is a Global Leader Environmental Operational Safety OSHA Recordable Injury/Illness Rate Injuries Per 200,000 Hours Worked 6 PACCAR Earned “A” Rating 5 Record OSHA 4 Top 4% of Companies 3 Score of 1.36 2 Earned “A” or “A-” For 11 Years. 1 in 2025! 0 15 16 17 18 19 20 21 22 23 24 PACCAR Peer Av
Slide 58: Second Quarter 2026 Earnings
Second Quarter 2026 Earnings July 2026 Page 58
Slide 59: PACCAR Revenues and Profit
PACCAR Revenues and Profit 87 consecutive years of net profit Dividends every year since 1941 2nd Quarter First Half ($ in Millions) 2026 2025 2026 2025 Revenues $7,547 $7,511 $14,323 $14,952 Net Income $752 $724 $1,357 $1,229 Adjusted Net Income $752 $724 $1,357 $1,493 Adjusted Return on Revenues 1
Slide 60: 2026 Financial Results
2026 Financial Results Second Quarter 2026 vs. Second Quarter 2025 Sales and Revenues Net Income (Billions of Dollars) (Millions of Dollars) $7.5 $7.5 $752 • Sales and revenues of $7.5 billion $724 • Net income of $752 million • After-tax return on revenues of 10.0% • PACCAR Parts revenues of $1.7 b
Slide 61: Historical Annual Gross Margins
Historical Annual Gross Margins Total Manufacturing 20% 20% • Truck margins benefited from new products launched 18% 18% in 2021/2022 16% 16% • Parts margins have benefited from distribution and 14% 14% technology investments and growing populations of 13.8% 12% 12% PACCAR trucks and engines in oper
Slide 62: Truck
Truck Second Quarter 2026 vs. Second Quarter 2025 Sales Segment Pretax Profit (Billions of Dollars) (Millions of Dollars) $5.3 $361 $5.2 • Sales totaled $5.3 billion $309 • Pretax operating profit of $361 million • Deliveries for 2Q26 totaled 38,700 compared to 39,300 units in the same period a year
Slide 63: Aftermarket Parts
Aftermarket Parts Second Quarter 2026 vs. Second Quarter 2025 Revenues Segment Pretax Profit (Billions of Dollars) (Millions of Dollars) $417 $417 $1.72 $1.75 • Revenues of $1.75 billion, an increase of 2% • Pretax profit of $417 million • Strong 29.8% Parts gross margin 2025 2026 2025 2026 July 202
Slide 64: Financial Services Balance Sheet & Second Quarter 2026 Profit
Financial Services Balance Sheet & Second Quarter 2026 Profit Segment $ Millions Pretax Profit (Millions of Dollars) 6/30/2026 Finance & Other Receivables $19,312 $123 $124 Equipment on Operating Leases 1,896 Other Assets 1,058 Total Financial Services Assets $22,266 Commercial Paper & Bank Loans $4
Slide 65: PACCAR Inc Balance Sheet and Credit Ratings
PACCAR Inc A+/A1 Credit Ratings ($ Millions) • Superb balance sheet 6/30/26 Mfg Cash & Securities $8,667 • $8.7 billion in manufacturing cash and securities to support growth opportunities Other Manufacturing Assets 13,047 and investments in all phases of the cycle Financial Services Assets 22,266 T
Slide 66: PACCAR is the Leading Industrial Company
PACCAR is the Leading Industrial Company Demonstrated Cycle Over Cycle Performance Advanced Manufacturing Strategy Investing in the Right Technology Robust Parts & Financial Services Growth Excellent Profitability July 2026 Page 66
Slide 67: Appendix
Appendix This earnings release includes “adjusted net income (non-GAAP)” and “adjusted net income per diluted share (non-GAAP)”, which are financial measures that are not in accordance with U.S. generally accepted accounting principles (“GAAP”), since they exclude a charge for EC-related claims. The
Slide 68: July 2026 Page 68
July 2026 Page 68