Ford Motor Company (F) UniCredit European Credit Conference Presentation summary

Strategic business segments and operational focus

• Three interconnected segments: Blue (gas & hybrid), Pro (commercial), and Model e (electric), each leveraging global scale and integrated services.

• Emphasis on 'Power of Choice' across powertrains, with strong brand equity and digital platform development.

• Industrial platform and engineering expertise support all segments, enhancing efficiency and innovation.

2025 financial performance highlights

• Record revenue of $187.3B, marking the fifth consecutive year of growth; global hybrid sales up nearly 25%.

• U.S. market share increased to 13.2%, with best sales performance since 2019 and F-Series leading truck sales for 49 years.

• Achieved $1.5B in cost reductions, surpassing targets, and maintained a strong balance sheet with $29B in cash and $50B in liquidity.

• Adjusted EBIT for 2025 was $6.8B (3.6% margin), with adjusted free cash flow of $3.5B and adjusted EPS of $1.09.

Segment performance and profitability

• Ford Blue: EBIT of $3.0B, margin 3.0%, with volume down 5% due to supply constraints but pricing and warranty improvements.

• Ford Model e: EBIT loss of $(4.8)B, improved by $0.3B YoY, driven by volume/mix and material cost improvements.

• Ford Pro: EBIT of $6.8B, margin 10.3%, with software and services contributing 19% of EBIT and strong commercial vehicle performance.