Ford Motor : Lloyds Bank Issuer & Investor Forum
F
Lloyds Bank Fixed Income Conference
May 20, 2024
2024 Ford
Bronco
Further Information
FORD FIXED INCOME INVESTOR RELATIONS:
Jessica Vila-Goulding
Christopher Conti [email protected]
INFORMATION ON FORD:
www.shareholder.ford.com
INFORMATION ON FORD MOTOR CREDIT COMPANY:
https://www.ford.com/finance/investor-center/
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Safe Harbor Statement And Disclosures
Forward-Looking Statements
This presentation includes forward-looking statements. Forward- looking statements are based on expectations, forecasts, and assumptions by our management and involve a number of risks, uncertainties, and other factors that could cause actual results to differ materially from those stated. For a discussion of these risks, uncertainties, and other factors, please see the "Cautionary Note on Forward-Looking Statements" in this presentation and "Item 1A. Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2023, as updated by subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K.
GAAP & Non-GAAP Financial Measures
This presentation includes financial measures calculated in accordance with Generally Accepted Accounting Principles ("GAAP") and non-GAAP financial measures. The non-GAAP financial measures are intended to be considered supplemental information to their comparable GAAP financial measures. The non-GAAP financial measures are reconciled to the most comparable GAAP financial measures in the Appendix to this presentation.
Additional Information
Calculated results may not sum due to rounding. N/M denotes "Not Meaningful." All variances are year-over-year unless otherwise noted. Visit ford.com for vehicle information.
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Corporate
2024 Ford F-150 Raptor R
Ford+ Investment Thesis
Disruptive technology allows us to leverage foundational strengths to build new capabilities enriching customer experiences and deepening loyalty
Customer experience
FOUNDATIONAL
ENHANCED
EXPANDED TAM
STRENGTHS
CAPABILITIES
& VALUE CREATION
+ Leading iconic
+ Integrated hardware
nameplates
and software
+ Ford Blue
+ Leading commercial
+ + Connectivity
= + Ford Model e
vehicle portfolio
+ Data analytics
+ Ford Pro
+ Industrial prowess
Drives strong margins
Enables deep
Unlocks new growth
and cash flow
customer insight
opportunities
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Q1 2024 Highlights
Growth
Profitability
Free Cash Flow & Liquidity
Software & Physical Services
Product News
Note: All comparisons are YoY unless noted otherwise
A Higher Growth, Higher Margin, More Capital Efficient, More Resilient Business Model
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Q1 Financial Results
Revenue
Adj. EBIT
Adj. EBIT Margin
Adj. FCF
Adj. EPS
$42.8B $2.8B 6.5% $(0.5)B $0.49
▲ 3%
q 18%
q 1.7pts
q $1.2B
q $0.14
Ford Blue
Ford Model e
Ford Pro
EBIT
EBIT Margin
EBIT
EBIT Margin
EBIT
EBIT Margin
$0.9B
4.2%
$(1.3)B
N/M
$3.0B
16.7%
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Financials
Ford Transit Custom Trail Edition
Q1 Cash Flow, Cash Balance & Liquidity ($B)
Q1 2023
Q2 2023
Q3 2023
Q4 2023
Q1 2024
Adjusted
Free Cash Flow
Ford Credit
Distributions
incl. Above
$-
$-
$-
$-
$-
Cash Balance
Liquidity
Cash Net of Debt
$9.0
$10.3
$9.3
$8.9
$4.9
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Q1 2024 Results ($B)
driven by automotive EBIT
Ford Blue
Ford Model e
Ford
Corporate
Company
Interest
Special
Taxes /
Net
Ford Pro
Ford Next
Strong cash
Income /
Credit
Other
Adj. EBIT
On Debt
Items
Noncontrolling
and liquidity
(Loss)
Interests
B / (W)
$(1.7)
$(0.6)
$1.6
$0.0
$0.0
$-
$(0.6)
$0.0
$0.0
$0.1
$(0.4)
Q1 2023
available to invest in growth
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Disclaimer
Ford Motor Company published this content on 17 May 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 May 2024 19:47:02 UTC.