Profile: CNH Global NV (CNH.N)

CNH Global N.V. (CNH), incorporated on August 30, 1996, is a global, full-line company in both the agricultural and construction equipment industries. The Company organizes its operations into three business segments: agricultural equipment, construction equipment and financial services. The Company markets its products globally through its two brand families, Case and New Holland. Case IH (along with Steyr in Europe) and New Holland make up its agricultural brand family. Case and New Holland Construction (along with Kobelco in North America) make up its construction equipment brand family. During the year ended December 31, 2012, the Company was manufacturing its products in 37 facilities globally and distributing its products in approximately 170 countries through a network of approximately 11,500 dealers and distributors.

The Company offers a range of financial products and services to dealers and customers in North America, Brazil, Australia and Western Europe. The principal financial products offered are retail financing for the purchase or lease of new and used CNH equipment and wholesale financing to its dealers. Wholesale financing consists of floor plan financing and allows dealers to purchase and maintain a representative inventory of products. The Company offer retail financing in North America, Brazil, Australia and Europe through wholly-owned subsidiaries and in Western Europe through its joint venture with BNP Paribas Lease Group (BPLG).

Agricultural Equipment

The Company’s agricultural equipment product lines are sold primarily under the Case IH and New Holland brands. We also sell tractors under the Steyr brand in Europe. In addition, a light construction equipment products are sold to agricultural equipment customers. The Company’s agricultural equipment product lines include tractors, combine harvesters, hay and forage equipment, seeding and planting equipment, tillage equipment and sprayers. It also specializes in other key market segments like cotton picker packagers and sugar cane harvesters. Its brands each offer a range of parts and support services for all of their product lines. The Company’s agricultural equipment is sold with a limited warranty that runs from 1to 3 years.

Construction Equipment

The Company’s construction equipment product lines are sold primarily under the Case and New Holland Construction brands. Case provides a full line of products on a global scale utilizing the Sumitomo Construction Equipment technology for its crawler excavator product. Light construction equipment product lines include backhoe loaders, skid steer and tracked loaders, mini and midi excavators, compact wheel loaders and telehandlers. The Company’s heavy construction equipment product lines include crawler and wheeled excavators, wheel loaders, graders and dozers for all applications. Light construction equipment product lines include backhoe loaders, skid steer and tracked loaders, mini and midi excavators, compact wheel loaders and telehandlers. The Company’s brands each offer a range of parts and support services for all of their product lines. The Company’s construction equipment is sold with a limited warranty that runs from 1 to 2 years.

Financial Services

Financial Services is the Company’s captive financing business, providing financial products and services to dealers and customers in North America, Australia, Brazil and Western Europe. The principal financial products offered are retail loans and leases to end-use customers and wholesale financing to its dealers. As at December 31, 2012, Financial Services managed a portfolio of receivables and leases of approximately $18.9 billion. North America accounts for 62% of the managed portfolio, Western Europe 20%, Brazil 12% and Australia 6%. In some regions, Financial Services also provides commercial revolving accounts and other financial products and services to end user customers and its dealer network.

Financial Services provides wholesale floor plan financing for nearly all of its dealers, which allows them to acquire and maintain a representative inventory of products. Financial Services also provides some working capital and real estate loans on a limited basis. For floor plan financing, Equipment Operations generally provides a fixed period of interest-free financing to the dealer.