This presentation may contain statements that are forward looking. These statements are based on current expectations and assumptions that are

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2 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 and uncertainties is described in more detail in our periodic reports filed with the Securities and Exchange Commission (SEC). We undertake no duty to update or revise this presentation, whether as a result of new information, future events or otherwise. For the most recent financial, risk and other information about PACCAR, please see our SEC filings and most recent earnings release available on the Investor Resources page of

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5 >16T Truck Manufacturing 214 Production (Units s) Daimler Volvo Volkswagen Dongfeng PACCAR Sinotruk FAW Beijing Foton Shaanxi Tata Motors Hino Navistar Jianghuai KamAZ Isuzu Iveco Ashok Leyland Hongyan Hualing Ford #5 Total Production 214 = 1.8 Million Page 4

6 PACCAR Revenues and Profit 76 consecutive years of net profit Dividends every year since 1941 ($ Millions) 1 st Quarter Full Year Revenues $4,833 $4,38 $18,997 $17,124 Net Income ,359 1,171 Diluted EPS Page 5

7 PACCAR Inc A+/A1 Credit Ratings ($ Millions) 3/31/15 Cash & Securities $2,715 Manufacturing Assets 5,774 Investment in Financial Services 2,355 Total Assets $1,844 Manufacturing Debt $ Manufacturing Liabilities 4,112 Shareholders' Equity 6,732 Total Liabilities & Equity $1,844 Page 6

8 PACCAR Overview Q1 215 Consolidated Sales & Revenues $4.83 Billion $378 Million Net Income PACCAR Financial Pre Tax Profit $89 Million PACCAR Parts Pre Tax Profit $139 Million $6.73B Stockholders Equity A1/A+ Credit Ratings Shareholder Return of 18% in 214 Regular Dividend More than Doubled in Last 1 years Page 7

9 PACCAR Excellent Financial Performance Throughout the Business Cycle Revenue ,5 1, Capital Investments and R&D Expenses Capital Net Income $ Billions $ Billions $ Millions $ Millions $ Millions 2,4 2, 1,6 1,2 8 4 Operating Cash Flow $ Millions 2,4 2, 1,6 1,2 8 4 $ Millions R&D 1,5 1, $ Millions Page 8

10 Annualized Shareholder Total Return % Fifteen Years, As of March 31, 215 Navistar Ford Honda Daimler Toyota S&P 5 Isuzu Volvo Deere Hino Caterpillar Page 9

11 Quality Technology Innovation Automotive News PACE Innovation Partnership Award 214 Kenworth T88 - Commercial Truck of the Year 215 Operational and Workplace Leadership Awards DAF XF Euro Fleet Truck of the Year in the U.K. GreenFleet Vehicle Manufacturer of the Year 214 Engineering and Production Technology Leadership Awards Page 1

12 Commercial Vehicles Aftermarket Support Powertrain Information Technology Financial Services Page 11

13 Heavy Duty Commercial Vehicles Units (s) Units (s) Fcst US & Canada Europe South America Page 12

14 New Products and Technologies Fault Detected Off-Board Diagnostics Automated Notification Action Plan Resolution Page 13

15 New Facility Investments Westerlo DAF, Ponta Grossa, Brasil DAF, Westerlo, Belgium Kenworth, Chillicothe, Ohio Tech Center, Mt. Vernon, WA Page 14

16 PACCAR Engines Worldwide PACCAR PX Liter PACCAR PX Liter PACCAR PX Liter PACCAR PR 9.2 Liter PACCAR MX Liter PACCAR MX Liter Page 15

17 PACCAR MX Engines In Operation Engines (s) Engines (s) DAF MX-13 KW/PB MX-13 DAF MX-11 Page 16

18 PACCAR Heavy Duty Market Share 5% 45% 4% 35% 3% 25% 2% 15% 1% 5% % S. America Europe Australia U.S. Canada Mexico 5% 45% 4% 35% 3% 25% 2% 15% 1% 5% % Page 17

19 PACCAR Parts Revenue $ Millions $ Millions 3,5 3,5 3, 3, 2,5 2,5 2, 2, 1,5 1,5 1, 1, Page 18

20 PACCAR Parts Distribution Centers and Dealers PACCAR Distribution Centers Page 19

21 PACCAR Parts Investments Eindhoven, NL Lancaster, UK Renton, WA Ponta Grossa, BR Page 2

22 PACCAR Global Dealer Network Page 21

23 $ Millions 5 Rigorous Cost Control SG&A % Dollars % to Sales 2 Reliability Fast & Easy Assembly Robust Design Efficiency Productivity Streamlined Processes Eliminate Defects Reduce Variation Consistent Performance Page 22

24 Throughout the world, PACCAR has earned a reputation for unsurpassed quality. Much of the credit for this global success goes to PACCAR partner suppliers. We salute these companies who join with us to make product quality the ultimate competitive advantage. Page 23

25 >6t Regional Truck Market Growth North America Europe % Growth Russia/CIS % Growth China 99 1, % Growth Latin America % Growth Growth Rate is Annualized Africa & Middle East % Growth Units in Thousands India 215 Rest of Asia % Growth % Growth % Growth >6t Global Market Size Million Million Australia % Growth Page 24

26 Taiwan Russia Brasil India Page 25

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28 PACCAR Financial Services Q1 215 $11.8 Billion in Assets $89 Million Pretax Profit 168, Vehicles Financed 5, Customers Dealer Floorplan Retail Financing Full Service Leasing Page 27

29 PACCAR Financial Services Competitive Advantages A+/A1 Credit Ratings Quality Portfolio Technology Leadership Page 28

30 PACCAR Financial Services Assets Australia & Mexico 1% 23% Europe 13% PacLease Australia & Mexico 1% 2% Europe PacLease 2% US & Canada 53% US & Canada 5% 24 - $7. Billion 1Q15 - $11.8 Billion Page 29

31 PACCAR Financial Europe Trucks s 5 Trucks s $2.3 Billion in Assets 2 DAF Dealers European Countries Page 3

32 PACCAR Leasing Trucks s Trucks s Service Locations , Vehicles $2.4 Billion Assets Page 31

33 PACCAR Financial Services Delivers Strong Performance Low 3+ Days Past Due Assets and Pretax Profit % % Assets $ Billions Pretax Profit $ Millions Avg. Earning Assets Pretax Profit Page 32

34 PACCAR Financial Services ($ Millions) 3/31/15 Finance & Other Receivables $8,928 Equipment on Operating Leases 2,256 Other Assets 654 Total Financial Services Assets $11,838 Commercial Paper $2,175 Term Notes & Bank Loans 6, Deferred Taxes & Other Liabilities 1,38 Total Financial Services Liabilities 9,483 Equity 2,355 Total Liabilities & Equity $11,838 Page 33

35 PACCAR Competitive Advantages Excellent Shareholder Return Experienced Management Team Highest Quality Products Rigorous Cost Control Balanced Global Diversification Excellent Supplier Partnerships Extensive Capital Investments Innovative Technology Global Aftermarket Parts Sales Profitable Financial Services Strongest Dealer Network Page 34

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