08Q2 Press Release

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econ uarter

Financial Results

July 23, 2008



Management Participants

Harold Boyanovsky

President & Chief Executive Officer

Rubin McDougal

Chief Financial Officer

Marco Casalino

Vice President & Treasurer

Al Trefts

Senior Director, Investor Relations & Capital Markets

22CNH Global Second Quarter 2008 Conference Call - July 23, 2008





2008 Highlights

Best Top Line and Quarterly EPSin CNH History.

Second Quarter Net SalesUSD (in millions)

Second Quarter Diluted EPS,Before Restructuring, After Tax

$0.65

$1.04

$1.48

$0.50

$1.00

$1.50

$2.00

Pricing actions offset higher input costs.

Agricultural Equipment Gross Margins2 789

$3,838

$1,222$1,307

$1,441$3,497

$4,096,

$2,000

$4,000

,

$‐

2006 2007 2008

Equipment margins in the quarter.

Record 11% Equipment OperationsO eratin Mar in in second uarter.First Half Diluted EPS Before

,

$‐

2006 2007 2008

AG CE

$1.48

$2.01

$2.00

$2.50

Net Income up 52% in second quarterto record quarterly profit of $347 million.Up 42% for first half.$2,614$6,447

$7,337

$9,378

$10,000

USD (in millions)Restructuring, After Tax

$0.85

$‐

$0.50

$1.00

.

2006 2007 2008

Strong first half performance drivestightening our full year 2008 guidanceto $3.40 to $3.60 diluted EPS, before

$4,210 $4,906$6,764

$2,237 $2,431

$‐

$5,000


, .AG CE



Equipment Operations Operating Profit Highlights

All brands increased prices atthe start of 2008, additionalpricing increases taken in

Second Qua r t e r Ope r a t i ng P r o f i t ( i n m i l l i ons )

$94$500

$600

$441

$585

July.

Material cost increases wereoffset in the quarter and first$182

$327

$491$142

$114

$100

$200

$300

$400 $324

half.

Implementing World ClassManufacturin at all

$0

2006 2007 2008

AG Operating Profit CE Operating Profit

locations.

SG&A declined from 7.9% to7.5% of sales for first half.

Fi r s t Ha l f Oper a t i ng P r o f i t ( i n m i l l i ons)

$123

600

$800

$1,000

$478

$660

$849

Equipment OperationsOperating Profit up 33% for

$261$460

$726$217

$0

$200

$400

2006 2007 2008


for first half.

AG Operating Profit CE Operating Profit



Second Quarter – Equipment Operations Industrial Operating

Profit* Evolution

Higher AG volumes and richermix drive $229 million

U.S. GAAP – (in Millions)

441

635$585

229107 (48)

(52)(42) (50)

improvement in Volume & Mix.

Net Pricing of $107 millionoffsets material and other costincreases for $39 million positivenet price recovery.

R&D/SG&A spending increases,

but declines as a percentage ofsales.

Continuing to invest in capacity,systems and processes toimprove operations.

$107

$39

2

(32)

(38)

Operating Profit.

Record Operating Margin of11.1% of sales.

66

* See Appendix for Definition and U.S. GAAP Reconciliation.




Industrial Optimization at CNH

W h a t w e h av e t o d e al w i t h ...

I nc reasing cost due t o supp l ier cons t ra in t s

. ..how w e ’re f i x i ng i t

I nc reasing capac it y t h rough f o rw a rd

ewor r ven y supp er e very ssues

f Inbound expediting costs to meet production

schedules

f Spot buys to cover supplier shortages, e.g. tires

com m m en s

I nvest i ng i n supp li e r t oo l i ng

I nc rease i n t em po ra ry ou t sou rc i ng due t o

in te r na l mach in ing capac i t y

I nvestm en ts t o de -bo t t l eneck com ponen t

m anu factu r i ng and pa in t s ystem upg rades &

expans ions

‘ an u ac u r n g oo p r n m n g capac y o

suppor t g r ow th i n Lat i n Am er i ca

eo pen n g o r oca a n o n cr ease

capac it y and im prove e f f i c iency ac ross

reg ion

‘

an u ac u r n g o en ec s

dr ive e f f ic ienc ies

f Targeted ongoing annual savings of at least 8% of

transformation costs after full implementation

Lever ing F ia t Grou p resour ces to acce lera te

ope rat i ona l im p rovem en t




Second Quarter Agricultural Equipment Industry

8

10

12

225

300

CombinesTractors

Preliminary Results

(Units in Thousands)

Total worldwide tractor and combineindustr u 8%.

2

4

6

75

150

Tractor industry volume up 7%worldwide despite declines in NorthAmerican small tractors. Over 100

00

'00 '01 '02 '03 '04 '05 '06 '07 '08

North America Western Europe Latin America Rest Of World Total Combines

CNHShare Change

Industry %Change

America up 14%.

Worldwide tractor market share up

particularly in Latin America and

Tractors - World Wide 7 +

- North America (3) FLAT

Under 40 Horsepower (7) -

Over 40 Horsepower 1 +

- Western Euro e 14 FLAT

es -o - or . a ne s are nhigher horsepower tractors.

Combine industry growth of 31%driven by Latin America.

- Latin America 31 +- Rest of World 8 +

Combines - World Wide 31 -

- North America 22 -

Worldwide combine market shareslightly down due to capacityconstraints, with strong unit gains in

8

- Western Europe 48 -

- Latin America 114 +

- Rest of World 10 -

.

CNH Global Second Quarter 2008 Conference Call - July 23, 2008



First Half Agricultural Equipment Industry

20

25

400

500

CombinesTractors

Total worldwide tractor and combine

Preliminary Results

(Units in thousands)

5

10

15

100

200

300.

Tractor industry volume up 5%worldwide despite declines in NorthAmerica.

'00 '01 '02 '03 '04 '05 '06 '07 08

North America Western Europe Latin America Rest Of World Total Combines

CNHShare ChangeIndustry %Change

Strong tractor and combine industrygrowth in Latin America.

Combine and tractor share up in Latin

Tractors - World Wide 5 +

- North America (6) FLAT

Under 40 Horsepower (10) -

Over 40 Horsepower (1) FLAT

-

.

Worldwide tractor market share upwith strength in Western Europe, LatinAmerica and Rest-of-World.

- Latin America 38 +- Rest of World 7 +

Combines - World Wide 36 FLAT

- North America 18 FLAT

Worldwide combine market share isstable with growth in Latin America,constrained by manufacturingcapacity.

- Western Europe 28 FLAT

- Latin America 94 +

- Rest of World 32 -




Second Quarter 2008 – Construction Equipment Industry

125

150

175

200

Total worldwide li ht construction

Preliminary Results

(Units in thousands)

25

50

75

100 equipment industry retail unit sales

down 11% while heavy equipmentsales up 11%. In total, constructione ui ment industr down 2%.

0

'00 '01 '02 '03 '04 '05 '06 '07 '08

Heavy Skid Steer Loaders & Backhoe Loaders Other Light

CNHIndustry %

Worldwide decline in light equipmentindustry volume driven by North

America and Western Europe.

Light Equipment - World Wide (11) FLAT

- North America (19) -

- Western Europe (19) -

-

or w e eavy equ pmentindustry volume increase driven byLatin America and Rest-of-World.

CNH sales of total light and heavy

- Rest of World 3 +

Heavy Equipment - World Wide 11 -

- North America (16) FLAT-

equipment in line with industry.

10

-

- Latin America 24 FLAT- Rest of World 30 FLAT




First Half Construction Equipment Industry

300

400

Total worldwide light constructionequipment industry retail unit sales

100

200down 6% while heavy equipment

sales up 15%. In total, constructionequipment industry up 2%.

Worldwide decline in li ht0

'00 '01 '02 '03 '04 '05 '06 '07 '08

Heavy Skid Steer Loaders & Backhoe Loaders Other Light

equipment industry volume drivenby North America and Western

Europe.CNHIndustry % industry volume increase driven byLatin America, Rest-of-World andWestern Europe.

Share Change

Light Equipment - World Wide (6) FLAT

- North America (21) -

- Western Europe (13) +

Change

g t an eavy equ pment mar etshare flat, with CNH sales in linewith industry growth.


Heavy Equipment - World Wide 15 FLAT

- North America (22) FLAT- es ern urope





Agricultural Equipment New Products - 2008

Case I H

Quan t um 75C Tr ac t o r s

New Ho l l and

CR9080 Tw in Ro t o r Com b ine

Q2

Rest

New Ho l l and

TV6070Bid i rec t iona l T rac to rCase I H

Ser ies 88 M id- ran ge Com bines

ofYear




Construction Equipment New Products - 2008

New Ho l l and

E485 B Craw ler Excavator

Q2

Case

CompactW hee l

Loaders

Case Hydr au l ic Excavator

o fYear




Full Year 2008 - Industry Volume Outlook

Industry

Agricultural Equipment % Change

Tractors - World Wide (over 40 HP) FLAT

- North America ~ (10)%

Under 40 HP 15 - 20 %

Worldwide agriculturalequipment industry unit retail

Over 40 HP (0 - 5)%

- Western Europe + 0 - 5%

- Latin America + 25 - 30%

- Rest of World Flat

Combines - World Wide ~ + 30%

- -

sa es a o up .

Tractor industry sales (over40 HP) flat to up 5%.

Combine industr u

Tractors

- Western Europe + 20 - 25%

- Latin America ~ + 70%

- Rest of World + 25 - 30%

strongly with continuingstrength in every region.

Worldwide construction

Combines

Industry

Construction Equipment % Change

Light Equipment - World Wide (5 - 10)%

- North America (20 - 25)%

- Western Europe (15 - 20)%

sales flat.

Light equipment industrydown, but with continuing

- Latin America + 20 - 25%- Rest of World + 10 - 15%

Heavy Equipment - World Wide + 5 - 10%

- North America (15 - 20)%

- Western Europe (5 - 10)%

and Rest-of-World

Heavy equipment industryup in total and up 15 to 20%

Light

14CNH Global Second Quarter 2008 Conference Call - July 23, 2008 14

- Latin America + 25 - 30%

- Rest of World ~ + 25%

.Heavy



AG Industry Unit Volume Trends – Outlook 2008 & 2009

2 0 0

2 5 0

1 2

1 4

W. Europe Tractors & CombinesTractorsCombines

(Units /000)(Units /000) (Units /000)

8 0

9 0

1 0

1 2

Latin America Tractors & CombinesTractors Combines

(Units /000)

1 0 0

1 5 0

6

8

1 0

3 0

4 0

5 0

6 0

4

6

8

0

5 0

0

2

1990 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 2009F 1992 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 2009F

0

1 0

2 0

0

2

Tractors

Tractors 40 to 100hpTractors Over 100hp

3 0 0

3 5 0

4 0 0

8

1 0

1 2

1 0 0

1 2 0

1 4 0

1 0

1 2

1 4

. . Combines

5 0

1 0 0

1 5 0

2 0 0

2

4

6

2 0

4 0

6 0

8 0

2

4

6

8


01999 2000 2001 2002 2003 2004 2005 2006 2007 2008F 2009F

00 0

1990 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 2009F 1999 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 2009F



CE Industry Unit Volume Trends – Outlook 2008 & 2009

6 0

7 0

1 4 0

1 6 0

3 0

3 5

2 5

3 0

Latin America Light & HeavyW. Europe Light & HeavyHeavy Light

(Units /000) (Units /000)

Light

(Units /000)

Heavy

(Units /000)

2 0

3 0

4 0

5 0

4 0

6 0

8 0

1 0 0

1 0

1 5

2 0

2 5

1 0

1 5

2 0

0

1 0

0

2 0

0

5

0

5

Heavy

L ight

1992 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 2009F 1997 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 2009F

6 0

7 0

8 0

1 2 0

1 4 0

1 6 0

. . Rest of World Light & Heavy

2 0 0

2 5 0

1 4 0

1 6 0

1 8 0

2 0 0

1 0

2 0

3 0

4 0

5 0

2 0

4 0

6 0

8 0

1 0 0

5 0

1 0 0

1 5 0

2 0

4 0

6 0

8 0

1 0 0

1 2 0


0 0

1992 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 2009F 1997 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 2009F

0 0



Equipment Operations Change in Net Debt (Cash)*

2007 2008

(Use)

Change 2007 2008

(Use)

Change

Second Quarter First Half(in Millions)

Net Income 228$ 347$ 119$ 323$ 459$ 136$

Depreciation & Amortization 72 72 - 143 133 (10) Subtotal 300 419 119 466 592 126

Working Capital, Net of FX Impact For The Period ** 12 68 56 76 (369) (445) Other 271 332 61 371 422 51

Net Cash From Operating Activities 583 819 236 913 645 (268) Net Cash From Investing Activities*** (49) (108) (59) (122) (187) (65) All Other, Including FX Impact for the Period 3 (88) (91) 3 (115) (118)

(Increase) / Decrease in Net Debt (Cash)* 537$ 623$ 86$ 794$ 343$ (451)$

Working Capital improved in days of sales whileproviding $68 million for the quarter.

Deploying WCM; investing to increase capacity andremove bottlenecks.

Net Debt (Cash) (531)$ (829)$ (531)$ (829)$

* See Appendix for Definition and GAAP Reconciliation.

.

Increased finished goods inventory for producttransitions.

,

from December 31, 2007.


** Net change in receivables, inventories and payables including inter-segment receivables and payables.

*** Excluding Net (Deposits In) Withdrawals from Fiat Cash Pools, as they are part of Net Debt (Cash).



2008 – CNH Full Year Financial Outlook

Increase in net sales of2.61

Diluted EPS, Before Restructuring, After Tax

Full Year, U.S. $3.40 – 3.60

.

Equipment OperationsOperating Margin ofapproximately 9%.0.82

0.95

1.53

Effective tax rate ofapproximately 37%.

Diluted earnings per share,-0.65

0.15

2002 2003 2004 2005 2006 2007 2008E

before restructuring, aftertax, in the range of $3.40 to$3.60.2002 2003 2004 2005 2006 2007 2008

Q1 (0.83) (0.30) 0.03 0.08 0.20 0.44 0.53

EPS, Before Restructuring, After Tax

,tax, of approximately$30 million.

Q2 0.66 0.42 0.46 0.50 0.65 1.04 1.48

Q3 (0.44) (0.11) 0.15 0.19 0.30 0.62


Q4 (0.03) 0.12 0.21 0.17 0.39 0.50



For Further Information

Please Contact:Please Contact:


Albert S. Trefts Jr.CNH Global N.V.


Albert S. Trefts Jr.CNH Global N.V.

Case New Holland, Inc.6900 Veterans Boulevard

Burr Ridge, Illinois 60527

Case New Holland, Inc.6900 Veterans Boulevard

Burr Ridge, Illinois 60527USA

Tel: 1-630-887-2385Fax: 1-630-887-3890

USA

Tel: 1-630-887-2385Fax: 1-630-887-3890

E-mail: [email protected]: www.cnh.com

E-mail: [email protected]: www.cnh.com







Equipment Operations Operating Profit

CNH defines Equipment Operations Gross Profit as net sales less cost of goods sold.

(in Millions)

CNH defines Equipment Operations Operating Profit as gross profit less selling, general

and administrative and research and development costs. Operating Margin is Operating

Profit expressed as a percentage of net sales. The following table summarizes the

2007 2008 2007 2008

Net sales 4,096$ 5,279$ 7,337$ 9,378$

Q2 YTD

computation of Equipment Operations gross and operating profit for all periods presented:

Cost of goods sold 3,265 4,215 5,905 7,614

Gross Profit 831 1,064 1,432 1,764

Less:

Selling, general and administrative 291 369 583 699

Operating Profit 441$ 585$ 660$ 849$

Operating Margin 10.8% 11.1% 9.0% 9.1%




Net Income Before Restructuring, After Tax

CNH defines net income before restructuring, after tax as U.S. GAAP net income, less restructuringexpense, after tax. We believe that net income before restructuring, after tax is a useful figure formeasuring the performance of our operations.

“ ”

2007 2008 2007 2008

YTDQ2

, -the Securities Act. As a result, the following table reconciles U.S. GAAP net income to net income before

restructuring, after tax, for all periods presented and the related pro-forma computation of earnings pershare:

(in Millions)

Net income 228$ 347$ 323$ 459$

Restructuring, after tax:26 6 40 24

(7) (2) (11) (6)

19 4 29 18 Restructuring, after taxTax

Restructuring

247$ 351$ 352$ 477$

236.7 237.3 236.5 237.3

1.04$ 1.48$ 1.49$ 2.01$

Net Income before Restructuring, after tax

Weighted average common shares outstanding - basic

Basic earnings per share before restructuring, after tax

. . . .

0.8 0.4 1.0 0.3

237.5 237.7 237.5 237.6

Effect of dilutive securities (when dilutive):

Weighted average common shares outstanding - diluted

Stock Compensation Plans

-

22

. . . . ,








Equipment Operations Net Debt (Cash)

Net debt (cash) of Equipment Operations is defined as total debt of Equipment Operations less cash and cash equivalents,deposits in Fiat affiliates cash management pools and inter-segment notes receivables. We believe that net debt (cash), asdefined, is a useful analytical tool for measuring our effective borrowing requirements, excluding our inter-segment NotesReceivable from Financial Services and the effect of certain of our cash management practices. The calculation of net debt

(in Millions)

CreditLines Other Total

CreditLines Other Total

Short Term Debt

With Fiat Affiliates 174$ 89$ 263$ 640$ -$ 640$

December 31, 2007 June 30, 2008

(cash) is shown below:

Other 429 36 465 130 28 158

Intersegment - - - - - -

Total 603 125 728 770 28 798

Long Term Debt*With Fiat Affiliates - 800 800 - 942 942

Other 117 1,262 1,379 432 1,267 1,699

Intersegment - - - - - -

Total 117 2,062 2,179 432 2,209 2,641

Total Debt 720$ 2,187$ 2,907$ 1,202$ 2,237$ 3,439$

Cash and Cash Equivalents (405) (365) Deposits in Fiat Affiliates Cash Management Pools (1,157) (1,026)

Intersegment Notes Receivable (1,831) (2,877)

Net Debt (Cash) (486)$ (829)$

25

* Including Current Maturities of Long Term Debt.




Equipment Operations Long Term Debt*

The following table summarizes CNH's Equipment Operations long term debt maturities at

December 31, 2007 and June 30, 2008:

(in Millions)

December 31,

2007

June 30,

2008Public Notes **

Payable in 2009 (June) 492$ 495$

Payable in 2016 (January) 249 249

Total Public Notes 1,241 1,244

Notes with Fiat Affiliates

Payable in 2009 - 142

Payable in 2017 800 800

800 942

Long Term Uses of Credit Lines 117 432

Other Long Term Debt 21 23

Total 2,179$ 2,641$

*

26

.

** Public Notes are reported net of any premium/discount.




Equipment Operations Change in Net Debt (Cash)

We believe that the change in net debt (cash) of Equipment Operations, asdefined elsewhere in this presentation, is a useful analytical tool for measuring

-,notes receivable from Financial Services and the effect of certain of our cash

management practices.

statement of cash flows prepared under U.S. GAAP for purposes of evaluatingsources and uses of cash and cash equivalents.

“ - ”defined under the Securities Act. As a result, the following slides reconciles theincrease (decrease) in cash and cash equivalents, the U.S. GAAP financialmeasure which we believe to be most comparable, to (increase) decrease innet debt cash .




Equipment Operations Change in Net Debt (Cash)

Second Quarter First Half

(in Millions)

Increase (Decrease) In Cash and Cash Equivalents 98$ 33$ (11)$ (40)$

Intersegment Financing Activities (191) 700 (17) 1,045

Increase (Decrease) in Cash and Cash Equivalents

Excluding Intersegment Financing Activities (93) 733 (28) 1,005

Net (Increase) Decrease in Indebtedness 65 (186) 31 (471) Net Deposits In (Withdrawals From)

Fiat Cash Pools 517 59 747 (176)

Other - Primarily Effect of Foreign Exchange Rate

Changes on Indebtedness and Intersegment Notes

Receivable 48 17 44 (15) (Increase) Decrease in Net Debt (Cash) 537$ 623$ 794$ 343$




Equipment Operations Adjusted EBITDAand Interest Coverage Ratio

Adjusted EBITDA is defined as net income (loss) of Equipment Operations excluding (i)net interest expense, (ii) income tax provision (benefit), (iii) depreciation and amortizationand iv restructurin . Net interest ex ense is defined as i interest ex ense excludininterest compensation to Financial Services) less (ii) finance and interest income.

We believe that Adjusted EBITDA is a measure commonly used by financial analystsbecause of its usefulness in evaluating operating performance. Adjusted EBITDA does not

. . ,indicative of cash available to fund all cash flow needs and should not be considered analternative to net income or net cash from operating activities under U.S. GAAP forpurposes of evaluating results of operations and cash flows.

Adjusted EBITDA is a “non-GAAP financial measure” as this term is defined under theSecurities Act. As a result, the following slide reconciles net cash from operatingactivities, the U.S. GAAP financial measure which we believe to be most directlycomparable, to Adjusted EBITDA.

CNH defines interest coverage for Equipment Operations as adjusted EBITDA, as definedabove, divided by net interest expense, as defined above.




Equipment Operations Adjusted EBITDAand Interest Coverage Ratio

(in Millions)

Q2 Last Twelve Months Ended

Net Cash from Operating Activities 583$ 819$ 924$ 733$Net Interest Expense:

Interest Expense 76 90 297 374

Less: Finance and Interest Income (49) (48) (180) (195)

Net Interest Expense 27 42 117 179

Income Tax Provision (Benefit) 113 169 128 303

Restructuring:E ui ment O erations 26 6 123 69

Financial Services - - 2 -

Change in Other Operating Activities (283) (400) (208) 247

Adjusted EBITDA 466$ 636$ 1,086$ 1,531$

Net Interest Expense 117$ 179$

Interest Coverage Ratio 9.3 8.6




Equipment Operations Results

% of % of % of % of

Second Quarter First Half

(in Millions)

2007 Net Sales 2008 Net Sales 2007 Net Sales 2008 Net Sales

Net Sales 4,096$ 5,279$ 7,337$ 9,378$

Less: Cost of Goods Sold 3,265 4,215 5,905 7,614

Gross Profit 831 20.3% 1,064 20.2% 1,432 19.5% 1,764 18.8%

,

Research and Development 99 110 189 216

Operating Profit 441 10.8% 585 11.1% 660 9.0% 849 9.1%

Other, Net (50) (48) (107) (110)

Net Income in Unconsolidated Subs * 70 92 142 155

Less: Interest Compensation to Fin. Services (62) (60) (117) (127)

Minority Interest (5) (5) (10) (10)

Plus: Depreciation & Amortization 71 72 143 133

Adjusted EBITDA 465$ 11.4% 636$ 12.0% 711$ 9.7% 890$ 9.5%

31

* Includes Financial Services, excluding Restructuring, on the equity method of accounting




Equipment Operations Segment Analysis

2007 2008 2007 2008

Trading Profit Under IFRS*

Second Quarter First Half(in Millions)

Construction Equipment 88 72 152 77

Trading Profit Under IFRS 371 516 532 717 IFRS to U.S. GAAP Adjustments

Accounting for Benefit Plans (20) (16) (34) (26)

ntang e sset mortzat on,

Primarily Development Costs (10) (8) (23) (19)

IFRS Reclassifications** 55 54 88 103

Other (Income) / Expense (5) (9) (10) (36)

Total Adjustments 20 21 21 22 " "us: . . er, ne

U.S. GAAP Operating Profit *** 441$ 585$ 660$ 849$

U.S. GAAP Operating Profit by Segment

Agricultural Equipment $ 327 $ 491 $ 460 $ 726

onstruct on qu pment

U.S. GAAP Operating Profit by Segment as a % of Net Sales

Agricultural Equipment 11.7% 12.8% 9.4% 10.7%

Construction Equipment 8.7% 6.5% 8.2% 4.7%

* 2008 Second Quarter Press Release, Financial Statements, Footnote 14 - Se ment Information.

3232

**

*** See Appendix for Definition and U.S. GAAP Reconciliation.

The net reclassification of interest compensation to Financial Services to cost of goods sold and the interest component of

unfunded benefit plans to interest expense.




Geographic Information

Certain financial and market information in this presentation has been presentedseparately by geographic area. CNH defines its geographic areas as:

–

– Western Europe

– Latin America and– Rest-of-World

As used in this presentation, all references to “North America,” “Western Europe,”“Latin America” and “Rest-of-World” are defined as follows:

– North America - United States and Canada– Western Europe - Austria, Belgium, Denmark, Finland, France, Germany, Greece,

Iceland, Ireland, Italy, Luxembourg, The Netherlands, Norway, Portugal, Spain,Sweden, Switzerland and the United Kingdom

– Latin America - Mexico, Central and South America, and the Caribbean Islands

– - - - ,

Latin America as defined above.




Market Share / Market Position Data

Certain market and share information in this report has been presented on a worldwide basiswhich includes all countries, with the exception of India.

In this report, management estimates of market share information are generally based on retailunit data in North America, on registrations of equipment in most of Europe, Brazil, and various

Rest of World markets and on retail and shipment unit data collected by a central informationbureau appointed by Equipment Manufacturers Associations including the Association ofEquipment Manufacturers in North America, the Committee for European ConstructionEquipment in Europe, the ANFAVEA in Brazil, the Japan Construction EquipmentManufacturers Association and the Korea Construction Equipment Manufacturers Association,as well as on other shipment data collected by an independent service bureau.

,underestimate, perhaps substantially, actual retail industry unit sales demand, particularly forlocal manufacturers in China, India, Russia, Turkey, and Brazil.

In addition, there may also be a period of time between the shipment, delivery, sale and/orreg strat on o a un t, w c must e est mate , n ma ng any a ustments to t e s pment,

delivery, sale, or registration data to determine our estimates of retail unit data in any period.




End

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08Q2 Press Release

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