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2017 ANNUAL REPORT - paccar.com

2 0 1 7 A N N U A L R E P O R T. S T A T E M E N T O F C O M P A N Y B U S I N E S S. S T O C K H O L D E R S ' I N F O R M A T I O N. paccar is a global technology company that designs and manufactures premium quality light, medium and heavy duty commercial vehicles sold worldwide under Corporate Offices Stock Transfer DAF, EPIQ, Kenmex, paccar Building and Dividend Kenworth, Leyland, the Kenworth, Peterbilt and DAF nameplates. paccar designs and manufactures 777 106th Avenue Dispersing Agent paccar , paccar MX-11, Bellevue, Washington Wells Fargo Bank paccar MX-13, paccar . 98004 Minnesota, PX, Peterbilt, The World's diesel engines and other powertrain components for use in its own products and for Shareowner Services Best, TRP, TruckTech+ and Mailing Address Box 64854 SmartLINQ are trademarks sale to third party manufacturers of trucks and buses.

4 TO OUR SHAREHOLDERS PACCAR had an excellent year in 2017, generating record revenues and industry-leading operating margins. Revenues climbed to $19.46 billion and net income was $1.68 billion, an after-tax return on revenue of 8.6%.

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