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Transcript of ford 2007 Q2 Financial Result
SECOND QUARTER EARNINGS REVIEW
JULY 26, 2007(PRELIMINARY RESULTS)
SLIDE 1
BUSINESS OVERVIEWAlan Mulally
President and Chief Executive Officer
SLIDE 2
TOTAL COMPANY2007 SECOND QUARTER FINANCIAL RESULTS
Wholesales (000) 1,773 (33) 3,423 (139)Revenue (Bils.) $ 44.2 $ 2.3 $ 87.3 $ 4.6
Continuing Operations (Excluding Special Items)*Pre-Tax Profits (Mils.) $ 483 $ 774 $ 552 $ 671After-Tax Profits (Mils.) 258 376 87 (18)Earnings Per Share** 0.13 0.19 0.05 (0.01)
Special Items Pre-Tax (Mils.) $ 443 $ 820 $ 330 $3,227
Net IncomeAfter-Tax Profits (Mils.) $ 750 $1,067 $ 468 $2,208Earnings Per Share** 0.31 0.48 0.22 1.15
Automotive Gross Cash (Bils.)*** $ 37.4 $ 13.8 $ 37.4 $ 13.8
� � � � �� ��� � �� � � �� � � � � � ���� �� � � � � ��� ��� � ����� � � ��� � � � � � �� � � �� � � � ��� �� �� � � �� � �� � �� � �� ��� ��� � �� � � � �� � � �� �� �������� ��� �� �� ���� �� � � �� � �� � �� ��� �� �� � � � � �� � � �� � � � � � ���� �� � �� �� �
���� �� � � ������ � � ��� ���� � �� ��� � �! � � �� � �� � � � �� � � � � �� � � �� " � �� �� �� �� � ��� � # � � � �� �� � � � � ���� � ���� � � �� � � � � ���� � � � �� � �� ���� � � �$ ��� � � � �� � � ��� � � �
% � � ��� � � � �� � � �� � ��� �&$ � % � '� � � � ��
First Six MonthsSecond Quarter
2007O / (U)2006 2007
O / (U)2006
SLIDE 3
TOTAL COMPANYSECOND QUARTER 2007 OPERATIONS RESULTS
• Ford North America reported a $279 million loss, an improvement of more than $500 million compared with 2006
• Profitable at Ford Europe, Ford South America, Premier Automotive Group, Ford Asia Pacific & Africa, and Mazda
• Significant improvements in all Automotive operations compared with the same period a year ago
• Ford Credit continues to be profitable
SLIDE 4
TOTAL COMPANYSECOND QUARTER PROGRESS
• We continue to make progress on executing the four priorities ofour plan -- restructuring the Company, accelerating product development, funding our plan, and working effectively as one team
• Achieved $1.1 billion in cost savings in First Half of 2007, including $600 million in the Second Quarter
• Reduced North America personnel by 6,400
• Continued reducing North America capacity to match demand
• Completed sale of APCO and Aston Martin
• Began exploring strategic options for Jaguar and Land Rover
• Initiated trust preferred exchange offer in early July
SLIDE 5
TOTAL COMPANYSECOND QUARTER / FIRST HALF HIGHLIGHTS� ( �� �� �� � � � ��
– ) �� � �� � � � � ��* � � � � �� �+ ,�- ,�� �* � � .� �/ ��� ��0 � ���� �� � � � � � ��� ) �� � �1 � � � � ��1 � � � � � � �1 �� ��2 � � �� �1 3 4 � � �1 � # �2 5 �� � �1 6 � �1 7 �8 �1 � �
– ) �� � �� � � � �� � � �� �6 � � � � �9: �� � � � ��; # � � �1 �� � �6 � �1 � $ < � � �+ ,�- ,�� �* � � �= �� � � �� � �� �
– ) �� � �� � � � �* � ��� � �� � � ��� � ��� � �� �� �� �6 � �� ��� � �� � � �� �� � � � � �0 � � �� �
– 2 � � �� �� �� � �� � ���� � � � �� �� �� � ��� � �� �
� � �� �� �� � � � �� �
– ) �� � �� �� �� �� � � � �� �� �� � �� � �>?@�� �) �� � ��: ������>??�
� ) �� � �� � ��� � � � �� � �– ) �� � �� � ��� � �� �� � �� � � � �� ��8 @�� �) �� � ��: ������>??�
– 1 � � � ��� � � � � � �* ��� �� � � ��� � � �� * �
– ; � � �� � �2 � �; �� � � �� �� � ��� � � �A @��� ��� � � �) �� � ��: ������>??�
– ! � �� � � � �� � �� � �� � ��� � �� � � ��
� � � �– ) �� � �! � � �� �� � �� � �>>@�� �) �� � ��: ������>??�
– � �� � � � �� � � � ��� ����� � � � �� ��� � � ��� �� �� � � �� �� �� �>?B ?� � �� � ����� �� � � � � ���� ��� ��� � � ��� ����) �� � �) �� � � �� �>?B B
SLIDE 6
FINANCIAL RESULTSDon Leclair
Chief Financial Officer
SLIDE 7
TOTAL COMPANY2007 SECOND QUARTER INCOME FROM CONTINUING OPERATIONS COMPARED WITH NET INCOME
; � � � � � �&% ��� ,' C D D ,> C ����>,E C �A � ,E C ����D ,F
/ � �� � �&1 ��� ,'
� � � �5 �/ � �� � ����� �! � �� � � � �G � � � ��� � �&� � �,�� � � � � ��/�� � � ' C �D A E C ���� � D C ��8 8 > C ���F � B
� � � � � ��/�� � � � D D E A >? E E ? E �>>�
� � � �5 �/ � �� � ����� �! � �� � � � �G � � � ��� � C �H>F C B �8 HD C ��A A > C E �A HA
1 � �� ��� �/ �� � � � � &A 8 ' &F F ' &B D E ' &F 8 '
5 � � &B >E ' &D A � ' &E ?8 ' &B �F 8 B '
( � ��/ � �� � ����� �! � �� � � � �G � � � ��� � C �� B A C B �?D B C ��D E D C >�B A >
- �� � � �� � � � �G � � � ��� � E > >F E D >F
( � ��/ � �� � C �� 8 ? C B �?F � C ��D F A C >�>?A
��� � � �� ��� � �A ���� �� � � ������� � � � � �0 � � �� � �>??� �� � � � � ��/�� � �
� � � � � �0 � � �� �
>??�
) �� � ��� � �1 � �� �
% �I�&J '>??F >??�
% �I�&J '>??F
SLIDE 8
TOTAL COMPANY2007 SECOND QUARTER SPECIAL ITEMS
� � � � �0 � � �� �&1 ��� ,'
� � � � � � �� � � �� � � � ����� �� � �� � � � ��� � � ��� � ��� �� �� � � �� � �� � � � �� ��� ��� � �� � � � �� � � �� �� �������� ��� �� �� ���� �� � � �� � �� � �� ��� �� �� � � � � �� � � �� � � � � � ���� �� � �� �� ����� �� � � ���
) �� � ��� � �1 � �� �
&1 ��� ,'
) �� � �( �� �� �� � � � �� �� � � � ��� �� ��� � � � C ���8 8 C �&A B H'
; � � �� � �G � � % �! � � � ��� � � B D A B �B ?A
; � � �� � �� � � �� �! � � � ��� � � ? &B � 8 '
� � � ��� ��) �� � �( �� �� �� � � � �� � C �>?E C ��B B D
� � � �� �� ����� � �� �1 � �� >?F >B D
� � � �; � � �� ���� ����� � � � ��� � �� �- � �� � � � � �: � � � � � �� � � B A > B A >
) �� � �� � ��� � �� � � � � � ��; � � � � ��� �� ��� � � � �I�G �� � � &� A ' &A H'
� � � �� � � � � � ��; � � � � ��� �� ��� � � � �I�G �� � � &F >' &A B '
) �� � �� � � �� � ���� � � �� �� �� �� � � � � � ��; � � � � ��� �� ��� � � � &A ' &B ?'
5 �� ��� � � �5 �� � � � � ��/�� � � C �D D E C ��E E ?
1 � � �K��� � � � � ��/�� � � �/� � � ��� �� � � � � �� � � �� � � � � C ?,B � C �?,B F
SLIDE 9
TOTAL COMPANY2007 SECOND QUARTER PRE-TAX PROFIT / (LOSS) BY SECTOR*
$378
$483
(Mils.)
FinancialServices
Memo:B / (W) 2006 $774 $1,094 $(320)
��� � �� � � � �� � � � � ����� � � �� � � �� ��� � �� � � �� � � � � � ���� �� � � � � ��� ��� ����� � � �
AutomotiveTotal
$105
SLIDE 10
��� � �� � � � �� � � � � ����� � � �� � � �� ��� � �A � � �� � � � � � ���� �� � � � � ��� ��� ����� � � �
AUTOMOTIVE SECTOR2007 SECOND QUARTER AUTOMOTIVE PRE-TAX PROFITS COMPARED WITH 2006*
(Bils.)
C &?,B '
2006 NetPricing
CostChanges
C ?,F
Volume /Mix
2007
C ?,D
C &?,� '
C &?,E '
Exchange
C ?,H
C B ,B
SLIDE 11
AUTOMOTIVE SECTOR2007 FIRST SIX MONTHS COST CHANGES*
2007 Costs B / (W) 2006 (Bils.)
( � �� ��� � � �! �� ��
J � � �� G � � � � � �� � � � � � �; � � �� �
1 �� ,�I� � � � ,
� � � �� �IG � � %
��� ��� � � � ��� ��� � � ��� � �� � �� � � � � �� � �� � � � �� � � � � ����� � �
$0.7 $0.8
$(1.3)
$(0.1)
$0.3$0.5
� � � � � ��� � �= �� �� �
� ��� ���� �
$0.2
Total $1.1 Bils.
1 � � �K� � � � � �0 � � �� � C ?,> C ?,E C &?,F ' C ?,B C ?,D C ?,> C ?
SLIDE 12
AUTOMOTIVE SECTOR2007 SECOND QUARTER PROFIT / (LOSS) BY SEGMENT*
1 � � �K% �I�&J '�>??F C B �?HD C 8 B ? C B 8 F C � � C E ?> C >> C D H C &>>'
��� � �� � � � �� � � � � ����� � � �� � � �� ��� � �A � � �� � � � � � ���� �� � � � � ��� ��� ����� � � �
( �� ��� � � � ��
� � � �� � ����= �� �� ��
(Mils.)
C &>� H'
� ,� ,� ,5 �� �
C >F >
C B D ?
C &B ?� '
G �� � �� � ��
C E � A
C A BC >F
C >8 8
� � ��� �� �� ��� � � � ��
1 6 � �=� � � �� ,
G � � � ��� �
C D A 8 �1 ��� ,�
SLIDE 13
AUTOMOTIVE SECTOR -- FORD NORTH AMERICASECOND QUARTER KEY METRICS -- 2007 vs. 2006
$18.8$19.1
Revenue (Bils.)
807907
Wholesales (000)
$(789)
Pre-Tax Profits (Mils.)*
$(279)
2007200620072006 200720061 � � �KL ,� ,�1 � # � ��� � � � B F ,� @ B 8 ,F @L ,� ,�- � �� � �/ � � ��� �� � � HF 8 8 �
��� � �� � � � �� � � � � ����� � � �� � � �� ��� � �A � � �� � � � � � ���� �� � � � � ��� ��� ����� � � �
SLIDE 14
(Bils.)
AUTOMOTIVE SECTOR -- FORD NORTH AMERICA2007 SECOND QUARTER AUTOMOTIVE PRE-TAX PROFITS COMPARED WITH 2006*
20072006
$(0.8)
$(0.3)
Volume /Mix
NetPricing
CostChanges
Other
��� � �� � � � �� � � � � ����� � � �� � � �� ��� � �A � � �� � � � � � ���� �� � � � � ��� ��� ����� � � �
$(0.3)
$(0.1)
$0.4
$0.6
$0.5
1 �� ,�I�� � � � , C ?,D� � � �� �I�G � � % ?,EG � � � � � � �I�G �� � � ?,>J � � �� ?,B( � ��� ��� � � ��! �� �� &?,F '
$(0.1)
Exchange
SLIDE 15
17.2%
� � � � � �0 � � �� �
FleetRetail
6.4%
10.8%
��) �� � ��2 � � �� �� � �1 � � � � � �
) �� � ��0 � � �� �
AUTOMOTIVE SECTOR -- FORD NORTH AMERICAU.S. MARKET SHARE*
) �� � ��0 � � �� � � � � � � �0 � � �� �
16.7%
6.1%
10.6%
15.1%
5.0%
10.1%
15.6%
5.4%
10.2%
>??A �� � 5 �� ��� � � � K B D �B 8 @) �� � ��� � � � K� 2 �* � � �
>??F >??�
SLIDE 16
� � � �� � �� � � � � � ��� ) � ���5 �� � �� �� ���� �
: �� � �� �� ! : �� � � ��� � � � ��
: �� � �� �&� � �� � � � �� ! : '
AUTOMOTIVE SECTOR -- FORD NORTH AMERICAPERSONNEL LEVELS FROM YEAR-END 2005
- � � � � � � � �E B �>??8
- � � � � � � � �E B �>??F
1 � � �K�>??A �L � � �
- � � ,�E B ��>??8
B ?�D ??
>8 �???�M E ?�???
; � � � � ��� �I�� � � � ��
+ � � �E ?�>??�
��� � �� � � � �� � � � �� � � � ��; � � � � � � � ��� � � � � � ��
>??A �� �
1 � � �K�>??A �L � � �
- � � ,�E B ��>??8
>D �B ??
E D �8 ?? E B �8 ??>D �>??
1 � � � �E B �>??�
>D �H??
- � � � � � � � �E B �>??8
- � � � � � � � �E B �>??F
+ � � �E ?�>??�
>??A �� � 1 � � � �E B �>??�
A 8 �F ??
8 8 �???�M F ?�???
� � �H??F D �H??F H�>??
- � � � � � � � �E B �>??8
- � � � � � � � �E B �>??F
+ � � �E ?�>??�
1 � � � �E B �>??�
B E �H??B B �B ??
� �8 ??A �H??
>??A �� �
SLIDE 17
AUTOMOTIVE SECTOR -- FORD NORTH AMERICA ASSEMBLY CAPACITY
(Millions - Annualized)
1 �� � � �/ � � ��� � �! � � ���� �� �� � ��5 �� � �1 � � �! � � ���
4.8
4.13.8
3.2 3.0
3.6
) �� � �� �0 � � �� �>??8
� � � � � �0 � � �� �>??�
) �� � ��0 � � �� �>??�
1 �� � � �/ � � ��� � A D @� �� �� � ��5 �� � �1 � � B ??@
>??A �� � �! � � ��� �L ����6 ���
3.63.0
>??A �� �
SLIDE 18
AUTOMOTIVE SECTOR -- FORD NORTH AMERICA OPERATING COST REDUCTIONS*
Cumulative Costs B / (W) Than December 31, 2005 (Bils.)
$1.5
$1.9
$2.3
1 � � � �E B ��>??� + � � �E ?��>??�- � � � � � � � �E B ��>??F
1 � � �K� � � ��� �� � � ��� � � � C B ,8 C ?,D C ?,D
��� ��� � � � ��� ��� � � ��� � � � �� � � � � �� � �� � � � �� � � � � ����� � �
2008 Plan $5 Billion
SLIDE 19
AUTOMOTIVE SECTOR -- FORD SOUTH AMERICA SECOND QUARTER KEY METRICS -- 2007 vs. 2006
Revenue (Bils.)Wholesales (000)
1 � � �K��1 � # � ��� � � � �� B B ,B @ B ?,H@
� � � �� � � � �� � � � � ����� � � �� � � �� ��� � �A � � �� � � � � � ���� �� � � � � ��� ��� ����� � � ��� � �� �� �� � � � �� �>??� �� � # � ��� � � � �� � � � �� �� � ��� �� � �� � � �� �� �� � � ���� �� � ���� ��� � �� � �� N�� �� � # � �� �� ��� ��� � � ��
2007200620072006 20072006
89
110
$1.3
$1.8
$99
$255
Pre-Tax Profits (Mils.)*
SLIDE 20
AUTOMOTIVE SECTOR -- FORD EUROPESECOND QUARTER KEY METRICS -- 2007 vs. 2006
20072006
$9.2
$7.5
Revenue (Bils.)
20072006
509466
Wholesales (000)
$185
20072006
Pre-Tax Profits (Mils.)*
1 � � �K��1 � # � ��� � � � �� A ,E @ A ,E @
� � � �� � � � �� � � � � ����� � � �� � � �� ��� � �A � � �� � � � � � ���� �� � � � � ��� ��� ����� � � ��� � � ��� � �>??� �� � # � ��� � � � ���� �) �� � �� � ��� � ��� �� � � � ��� �� � ���� � � ��� �� � �� � � �� �� �� � � �� �� ��� � ���� ��� � �B H�� N�� �� � ��� � �� � # � ��
$262
SLIDE 21
AUTOMOTIVE SECTOR -- PREMIER AUTOMOTIVE GROUPSECOND QUARTER KEY METRICS -- 2007 vs. 2006
20072006
$8.4$7.8
Revenue (Bils.)
20072006
203195
Wholesales (000)
$(162)
20072006
Pre-Tax Profits (Mils.)*
$140
1 � � �K��1 � # � ��� � � � ��
L ,� , B ,?@ B ,?@
� � ��� � >,B >,>
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SLIDE 22
AUTOMOTIVE SECTOR -- FORD ASIA PACIFIC AND AFRICA / MAZDA2007 SECOND QUARTER PRE-TAX PROFITS*
1 � � �K% �I�&J '�>??F C � B C >> C D H
(Mils.)
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C A B
C >F
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SLIDE 23
AUTOMOTIVE SECTOR -- FORD ASIA PACIFIC AND AFRICA SECOND QUARTER KEY METRICS -- 2007 vs. 2006
20072006
$1.7$1.8
Revenue (Bils.)
20072006
135133
Wholesales (000) Pre-Tax Profits (Mils.)*
1 � � �K��1 � # � ��� � � � �� >,8 @ >,>@
20072006
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$26
$4
SLIDE 24
AUTOMOTIVE SECTOR2007 SECOND QUARTER CASH*
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) �� � �� � �1 � �� �
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SLIDE 25
• Trust Preferred Securities Exchange
• U.S. Pension Fund Asset Allocation Change
Prior Revised TargetTarget (by Year-End 2007)(Pct.) (Pct.)
Fixed Income 30% 45%
Equity / Other 70 55
TOTAL COMPANYSTRENGTHENING OUR BALANCE SHEET
SLIDE 26
FINANCIAL SERVICES SECTOR2007 SECOND QUARTER PRE-TAX PROFIT / (LOSS) BY SEGMENT
Memo:B / (W) 2006 $(320) $(323) $3
��/ � �� � � � � � ����� � � � ����C E B F �� ����� �� � � �� � ����� � # � ��� �� ��� � � N� � �� � �� ����� �� � � �� ��� � �
(Mils.)
Total Ford Credit Other
$105$112*
$(7)
SLIDE 27
(Bils.)
FINANCIAL SERVICES SECTOR2007 SECOND QUARTER FORD CREDIT PRE-TAX PROFIT COMPARED WITH 2006
$(0.1)
$0
) � � � �1 � � �
2 � � �; � � �� � �
$(0.1)
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$0.4
$(0.1)
$0.1
G �� � � � ) � � �B E E �
$(0.2)
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��1 � # � ��� �� ��� � � N� � �� � �� ����� �� � � �� ��� � �
$(0.3)
SLIDE 28
AUTOMOTIVE SECTOR2007 PLANNING ASSUMPTIONS AND OPERATIONAL METRICS
� � � � �� � � � � � ��� �
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G � � � ��� ��1 � �� �� �! �� � � � � �* ��� �>??F �
� 0 � ���� �� /� � ��� � � /� � ��� � � /� � ��� � �� 1 � # � ��� � � �
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O
SLIDE 29
AUTOMOTIVE SECTORPRODUCTION VOLUMES
North America 811 (86) 640 (2)
Europe 512 49 410 (14)
P.A.G. 193 9 168 32
Units(000)
O / (U)2006(000)
Units(000)
O / (U)2006(000)
Third QuarterForecast
Second QuarterActual
SLIDE 30
TOTAL COMPANY2007 OUTLOOK
� � ��� ���� � �G � � � ��� � 2 �� � ��� � ���� � ��� � � �� � ,�>??F % � ��� �
G �� � � �� � ��� ���� � ��� / �� � � � � C &A ??'�� ����� % � ��� �
) � � � ��� � � � �� � � C B ,E �� C B ,D �� ����� �� ������ � " � ��I% � ��� �
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SLIDE 31
TOTAL COMPANYFORWARD YEAR KEY BUSINESS METRICS
• Profitable in North America and TotalAutomotive by 2009 On Plan
• $5 billion cost reductions in North Americaby 2008 compared with 2005 On Plan
• 14 - 15% U.S. market share (Ford, Lincoln-Mercury) On Plan
• $17 billion cash outflow in 2007 - 2009to fund operating losses and restructuring Better
Status
SLIDE 32
TOTAL COMPANYKEY PRIORITIES / OVERVIEW
• We remain committed to our plan and are encouraged with our progress; recognize we have a long way to go
• Our plan has not changed:– Restructure the company; be profitable at lower
volume and changed mix
– Accelerate product development and reduce manufacturing complexity
– Secure financing; strengthen the balance sheet
– Leadership and teamwork
SLIDE 33
SAFE HARBOR
� ! � �� � � � �� � � �� � �� �� � # � ��� � � � � ! � �� � � � ��� �� � � � � � � �� � �� � �� �� � � ����� �� � � � ��� � ����� �� � � � �� � �� � � � � � ��� ��� � � � � � � ���� � �� ��� � ��� ���� � � �� � ��� � � � �� � � � � � �� ��� � � � � �� � ��� ����� � # � ��� � ���� * � ����� �� �� � ������ � � # � ��� � �� ��� ������ �� � � �� �� � ���� ���� � � �� �� � �� ����� � �� �� � � �� �� � ��� � ��� � � � �� �� ��� � �L ��� � �� � �� � �� � �� �� ���� ��� � � �� � �� �� � � � �� � �� �� � ��� � ��� � � � �� �� ��� � �L ��� � �� � �� � ��� �� � ��� � ��� � � � ��� � ����� �� ��* � � �� � � �� �� �� ��* �� ��� � ��� ������ ��� � � �� ���� ���� � � �� � ��� � � 2 �* � � ��� � ��� �� �� � �� � # � �� � � � � � � � ���� � * ��� �� �� �� � �� ��� � � �� � ! � �� � � � ��� �� � � � � � � �� �� � �� � �� � � ���� ��� �� � � � � � � � � �� � ����� ������ � � � ! � � � � � � ��� �� �� � �� ��� �� � �� � ���� � �� ��� � �� � � � � � � � �� ��� � �� ����� ��� � �� # � � � �� � ��� �� � ��� � � � ������ � � � �� ��* � � � � �� ��� �� � ����������� � ��� � � � �� �� � � � �� ���� � � �� N�� �� �� � � ����� � � � � �� �� �� �� �� � � � ����� � � � ��� � � ��� ��� � �� ��� � �� � �� � �� � �� ��� � ��� �� � � �� � " � �� � �� � ����� ��� �� � ��� � � ��� � � � �� ���� �� # � ���� � � �� � � � � � � ����� � � � � �� � � � ��� � ����� �� � � � �� �
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APPENDIX
TOTAL COMPANYCALCULATION OF EARNINGS PER SHARE
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TOTAL COMPANY2006 – 2007 FIRST SIX MONTHS PRE-TAX RESULTS*
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TOTAL COMPANYSECOND QUARTER EMPLOYMENT DATA BY BUSINESS UNIT*
AutomotiveNorth America 110 104South America 14 14
Total Americas 124 118
Europe 67 67P.A.G 44 43
Total Europe / P.A.G. 111 110
Asia Pacific and Africa 17 17Total Automotive Ops. 252 245
Financial Services 12 12Total Company 264 257
Appendix 5 of 14
March 31,2007 (000)
June 30,2007 (000)
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AUTOMOTIVE SECTOR2007 SECOND QUARTER AUTOMOTIVE SUMMARY
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Appendix 6 of 14
AUTOMOTIVE SECTOR2007 SECOND QUARTER MARKET RESULTS
U.S.Industry SAAR (Mils.) 16.4 (0.7) 16.7 (0.5) Market Share (Pct.)- Ford and Lincoln Mercury 15.6% (1.1) Pts. 15.3% (1.6) Pts.- P.A.G. 1.0 0 1.1 0
Total U.S. Market Share 16.6% (1.1) Pts. 16.4% (1.6) Pts.
EuropeIndustry SAAR (Mils.) 17.9 (0.1) 17.9 0.1Market Share (Pct.)*- Ford 8.3% 0 Pts. 8.7% 0.2 Pts.- P.A.G. 2.2 0.1 2.3 0.1
Total Europe Market Share 10.5% 0.1 Pts. 11.0% 0.3 Pts.
Other RegionsFord Brand Market Share (Pct.)- South America** 10.9% (0.2) Pts. 11.1% (0.5) Pts.- Asia Pacific and Africa*** 2.2 (0.3) 2.2 (0.2)
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AbsoluteB / (W)2006
Appendix 7 of 14
Second Quarter
AbsoluteB / (W)2006
First Six Months
AUTOMOTIVE SECTOR COSTS AND EXPENSES
Total Costs and Expenses $39,073 $39,406 $ (333)
Select Cost Items:
Depreciation and Amortization- Depreciation $ 918 $ 963 $ (45)- Amortization -- Special Tools 820 796 24
Post-Retirement Expense $ 1,562 $ 493 $1,069
Appendix 8 of 14
2006(Mils.)
2007(Mils.)
2007B / (W)2006
(Mils.)
Second Quarter
AUTOMOTIVE SECTORGROSS CASH RECONCILIATION TO GAAP
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Appendix 9 of 14
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Appendix 10 of 14
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Key Metrics*Pre-Tax Profits (Mils.)
2nd Qtr.2006
$435
$112
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FINANCIAL SERVICES SECTORFORD CREDIT RESULTS AND METRICS --2007 SECOND QUARTER
2nd Qtr.2007
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Appendix 11 of 14
$(323)
FORD CREDIT KEY METRIC DEFINITIONS
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Appendix 12 of 14
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Appendix 13 of 14
FINANCIAL SERVICES SECTORFORD CREDIT RATIO DEFINITIONS
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Appendix 14 of 14
FINANCIAL SERVICES SECTORFORD CREDIT RECONCILIATIONS OF MANAGED LEVERAGE TO FINANCIAL STATEMENT LEVERAGE