SlideShare a Scribd company logo
1 of 49
Download to read offline
SECOND QUARTER
EARNINGS REVIEW
       JULY 26, 2007
  (PRELIMINARY RESULTS)
BUSINESS OVERVIEW
            Alan Mulally
President and Chief Executive Officer




                                        SLIDE 1
TOTAL COMPANY
2007 SECOND QUARTER FINANCIAL RESULTS
                                                 Second Quarter      First Six Months
                                                          O / (U)              O / (U)
                                                 2007      2006       2007      2006

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     $ 671
 After-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 Income
 After-Tax Profits (Mils.)                      $ 750     $1,067     $ 468     $2,208
 Earnings Per Share**                             0.31      0.48       0.22      1.15

Automotive Gross Cash (Bils.)***                $ 37.4    $ 13.8     $ 37.4    $ 13.8



             !                  quot;         #                               $
 %               &$ % '

                                                                                   SLIDE 2
TOTAL COMPANY
SECOND 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 3
TOTAL COMPANY
SECOND QUARTER PROGRESS

• We continue to make progress on executing the four priorities of
  our 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 4
TOTAL COMPANY
SECOND QUARTER / FIRST HALF HIGHLIGHTS
 (
     – )                         *                  +,- ,    *      . /             0                    )   1
       1             1               2            1 34       1      # 25                1 6 1 7 8 1
     – )                                 6          9:             ; #          1         6 1 $ < +,- ,          *   =
     – )                 *                                            6                             0
     – 2


     – )                                                    >?@       )         :            >??
 )
     –   )                                             8@         )       :             >??
     –   1                               *                        *
     –   ;       2           ;                              A@                  )        :         >??
     –   !


     – )     !                                   >>@   )      :               >??
     –                                                                                               >?B ?
                                             )     )              >?B B
                                                                                                                         SLIDE 5
FINANCIAL RESULTS
       Don Leclair
  Chief Financial Officer




                            SLIDE 6
TOTAL COMPANY
2007 SECOND QUARTER INCOME FROM CONTINUING
OPERATIONS COMPARED WITH NET INCOME
                                                                                                 0                  )              1
                                                                                                     % I &J '                          % I &J '
                                                                                      >??             >??F              >??             >??F

;                       &%    ,'                                                     C D D ,>        C     >,E      C A ,E         C       D ,F


/               &1           ,'
        5       /                      !                 G           &   ,   /   '   C DAE           C       D      C 88>          C F B
                /                                                                      DDE                A >?           EE?            E >>
            5           /                  !                 G                       C H>F           C B 8 HD       C AA>          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 BA            C B ?D B       C DED          C>BA>
-                             G                                                        E>                 >F           ED               >F
    (       /                                                                        C 8?            C B ?F         C DFA          C > >?A


                    A                          0       >??       /

                                                                                                                                         SLIDE 7
TOTAL COMPANY
2007 SECOND QUARTER SPECIAL ITEMS
                                                                                             )
                                                                           0                  1
                                                                               &1      ,'   &1    ,'
)       (                                                                      C 88         C &A B H'
;               G   % !                                                          BDA         B B ?A
;                               !                                                  ?          &B 8 '
                    )            (                                             C >?E        C BBD
                                     1                                           >?F          >B D
        ;                                            -            :              BA>          BA>
)                                            ;                        IG         & A'         &A H'
                            ;                            IG                      &F >'        &A B '
)                                                             ;                    &A '       &B ?'
    5                   5                        /                             C DDE        C EE?

1           K               /            /                                     C ?,B        C ?,B F




                                                                                                        SLIDE 8
TOTAL COMPANY
2007 SECOND QUARTER PRE-TAX PROFIT / (LOSS)
BY SECTOR*               (Mils.)


                $483


                           $378




                                        $105



                Total    Automotive   Financial
                                      Services
Memo:
B / (W) 2006    $774       $1,094      $(320)


                                                  SLIDE 9
AUTOMOTIVE SECTOR
2007 SECOND QUARTER AUTOMOTIVE PRE-TAX
PROFITS COMPARED WITH 2006*
                                       (Bils.)

                                             C ?,H
                                                       C ?,F

               C ?,D
      C B ,B



                            C &?,B '
                                                                  C &?,E '


     C &?, '

       2006    2007        Volume /           Net      Cost     Exchange
                             Mix            Pricing   Changes

                       A

                                                                             SLIDE 10
AUTOMOTIVE SECTOR
    2007 FIRST SIX MONTHS COST CHANGES*

                                     2007 Costs B / (W) 2006 (Bils.)

                                                                                            Total $1.1 Bils.
                 $0.7                                                 $0.8
                         $0.5
                                                              $0.3                          $0.2


                                                                                                     $(0.1)




                                          $(1.3)

             J           1       ,I            (                                      I G
                                      ,                   ;           G           %                   =
                                           !
1    K
         0       C ?,>       C ?,E             C &?,F '       C ?,B       C ?,D              C ?,>        C?


                                                                                                               SLIDE 11
AUTOMOTIVE SECTOR
2007 SECOND QUARTER PROFIT / (LOSS) BY SEGMENT*
                                                      (Mils.)

                                                     CDA8 1   ,
                 CE A

                                      C >8 8   C >F >

                                                              CBD?
                                                                                            CAB
                                                                               C >F



                                                                                                       C &B ? '


                           C &> H'
                 5         (                                  , , ,                        1 6     =    G
                                                                           =                       ,
                                                                                       G
 1      K
 % I &J ' >??F   C B ?HD       C8B?    CB8F      C                C E ?>        C >>         CDH         C &>>'

                               A

                                                                                                                  SLIDE 12
AUTOMOTIVE SECTOR -- FORD NORTH AMERICA
SECOND QUARTER KEY METRICS -- 2007 vs. 2006
               Wholesales (000)          Revenue (Bils.)   Pre-Tax Profits (Mils.)*
               907
                                        $19.1      $18.8
                            807




                                                                         $(279)



                                                             $(789)



               2006         2007        2006        2007      2006        2007
1      K
L , ,1 #        BF, @        B 8 ,F @
L , ,-     /      HF          88

                        A

                                                                             SLIDE 13
AUTOMOTIVE SECTOR -- FORD NORTH AMERICA
2007 SECOND QUARTER AUTOMOTIVE PRE-TAX PROFITS
COMPARED WITH 2006*
                                      (Bils.)

                                        $0.6

                                                      $0.4




                                                                       $(0.1)   $(0.1)

              $(0.3)         $(0.3)        1    ,I     ,     C ?,D
                                                     IG %      ?,E
                                           G           IG      ?,>
              $0.5                         J                   ?,B
                                           (           !      &?,F '
     $(0.8)

      2006    2007         Volume /      Net          Cost   Exchange           Other
                             Mix       Pricing       Changes

                       A
                                                                                         SLIDE 14
AUTOMOTIVE SECTOR -- FORD NORTH AMERICA
U.S. MARKET SHARE*

       Fleet
                                                     >??A
       Retail                                  5            K BD B8@
                                               )            K 2 *
           17.2%           16.7%
                                       15.1%                15.6%
           6.4%             6.1%       5.0%                  5.4%




           10.8%           10.6%       10.1%                10.2%




       )    0                0     )    0                       0
                    >??F                           >??

   )   2        1


                                                                       SLIDE 15
AUTOMOTIVE SECTOR -- FORD NORTH AMERICA
PERSONNEL LEVELS FROM YEAR-END 2005
                               )        5                                                           1     K
        E D 8 ??                                                                                  >??A L
                            E B 8 ??                                                             - , E B >??8
                                                >D H??          >D >??            >D B ??
                                                                                                    B ? D ??
    -              EB   -              EB   1          EB   +         E?         >??A
         >??8                 >??F               >??            >??

:           &                  !:'                                                                  1     K
        A 8 F ??               H??                                                                >??A L
                                                F H >??         F D H??                          - , E B >??8
                                                                           8 8 ??? M F ? ???
                                                                                                >8 ??? M E ? ???
    -              EB   -              EB   1          EB   +         E?         >??A
         >??8                 >??F               >??            >??

:               !:
        B E H??
                            B B B ??
                                                A H??             8 ??
                                                                             ;              I

    -              EB   -              EB   1          EB   +         E?         >??A
         >??8                 >??F               >??            >??
                        ;                                                                                      SLIDE 16
AUTOMOTIVE SECTOR -- FORD NORTH AMERICA
ASSEMBLY CAPACITY
                                       (Millions - Annualized)
      1          /       !                                                              >??A
             5       1       !                                                     !           L   6
                                                             1             /                   AD@
                                                                       5       1               B ??@
      4.8
                                 4.1
                                                    3.8
                 3.6                                                                   3.6
                                           3.2
                                                                 3.0                               3.0




  )         0                    )    0                  0                              >??A
          >??8                       >??               >??


                                                                                                         SLIDE 17
AUTOMOTIVE SECTOR -- FORD NORTH AMERICA
    OPERATING COST REDUCTIONS*

            Cumulative Costs B / (W) Than December 31, 2005 (Bils.)

              2008 Plan $5 Billion
                                                          $2.3
                                           $1.9
                  $1.5




              -             E B >??F   1    E B >??   +    E ? >??
1     K
                   C B ,8                   C ?,D          C ?,D


                                                                     SLIDE 18
AUTOMOTIVE SECTOR -- FORD SOUTH AMERICA
SECOND QUARTER KEY METRICS -- 2007 vs. 2006
                  Wholesales (000)        Revenue (Bils.)       Pre-Tax Profits (Mils.)*

                                 110                 $1.8

                   89
                                          $1.3                                 $255




                                                                   $99




                  2006           2007     2006       2007          2006        2007
1       K
1   #             B B ,B @       B ?,H@


                             A
            >??       #                               N     #
                                                                                  SLIDE 19
AUTOMOTIVE SECTOR -- FORD EUROPE
SECOND QUARTER KEY METRICS -- 2007 vs. 2006
                  Wholesales (000)           Revenue (Bils.)   Pre-Tax Profits (Mils.)*
                                    509                 $9.2
                  466
                                             $7.5
                                                                              $262


                                                                 $185




                  2006              2007     2006       2007      2006        2007
1       K
1   #              A ,E @           A ,E @

                                A
            >??    #        )                                     BH   N       #
                                                                                     SLIDE 20
AUTOMOTIVE SECTOR -- PREMIER AUTOMOTIVE GROUP
SECOND QUARTER KEY METRICS -- 2007 vs. 2006
                   Wholesales (000)          Revenue (Bils.)        Pre-Tax Profits (Mils.)*
                                    203                 $8.4
                       195
                                             $7.8                                    $140




                                                                        $(162)

                       2006         2007     2006       2007            2006         2007
1      K 1   #
L, ,                    B ,?@        B ,?@
                        >,B          >,>


                                A
             >??   #                                           BH   N            #
                                                                                            SLIDE 21
AUTOMOTIVE SECTOR -- FORD ASIA PACIFIC AND AFRICA / MAZDA
2007 SECOND QUARTER PRE-TAX PROFITS*
                                 (Mils.)


                  CB?

                                                     CAB




                                   C >F



                                                  1 6
                        I1 6                        ,G
  1      K
  % I &J ' >??F   C B               C >>                 CDH

                         A

                                                               SLIDE 22
AUTOMOTIVE SECTOR -- FORD ASIA PACIFIC AND AFRICA
SECOND QUARTER KEY METRICS -- 2007 vs. 2006
            Wholesales (000)        Revenue (Bils.)           Pre-Tax Profits (Mils.)*

            133              135    $1.8
                                                  $1.7


                                                                              $26

                                                                   $4




            2006             2007   2006          2007           2006        2007
1       K
1   #        >,8 @           >,>@

                         A
            >??      #                        *       N   #

                                                                                SLIDE 23
AUTOMOTIVE SECTOR
2007 SECOND QUARTER CASH*                                                                                                                )
                                                                                                                       0                  1
                                                                                                                           &%    ,'     &%    ,'
 !            ( 1 #                                                             2                            5   $ %
 +           E ? >??                                                                                                        C E ,D      C E ,D
 1             E B >?? I -                                             E B >??F                                               E 8 ,>      E E ,H
                  !                                                !                                                        C >,>       C E ,8

 G                    ;                        !           ) *
                                       5                                                                                    C ?,D       C ?,>
 !                                                                                                                            &B ,E '     &>,F '
 -                                                         6                                                                   B ,A        E ,8
 !                        ;                                    /                        5                                     &?,B '       ?,
 G                                                                                       5       -                             B ,?        B ,B
                  5                                                G                ;        !       )   *                  C B ,A      C >,H

 G            !                            !
 !           /                     +               %           # I                                                            &?,D '      &B , '
                  !                                                                                                           &?,D '      &B ,>'
 (                            $ %                      !                                                                       ?,D         ?,
 5       ;                                 5                                                                                     ?         >,?
 -                                                                                                                             ?,H         B ,?
     G                                                                                                                        &?,B '      &?,>'
                  5            !                                            !                                               C >,>       C E ,8


                                                                        A
                                                                                                                                              SLIDE 24
TOTAL COMPANY
STRENGTHENING OUR BALANCE SHEET


• Trust Preferred Securities Exchange

• U.S. Pension Fund Asset Allocation Change


                                Prior           Revised Target
                               Target         (by Year-End 2007)
                               (Pct.)                (Pct.)
    Fixed Income                 30%                  45%
    Equity / Other               70                   55




                                                               SLIDE 25
FINANCIAL SERVICES SECTOR
2007 SECOND QUARTER PRE-TAX PROFIT / (LOSS) BY
SEGMENT               (Mils.)
                                         $112*
                       $105




                                                  $(7)

                       Total        Ford Credit   Other
 Memo:
 B / (W) 2006          $(320)            $(323)    $3

  /             CEBF            #    N

                                                          SLIDE 26
FINANCIAL SERVICES SECTOR
2007 SECOND QUARTER FORD CREDIT PRE-TAX PROFIT
COMPARED WITH 2006
                                                        (Bils.)

                             $(0.3)
                      $0.4


                                                             $(0.2)


                              $0.1                                                 $0.1

                                           $0



                                                    $(0.1)   $(0.1)       $(0.1)              $(0.1)


                      >??F    >??      $        )             !           2        G      )      BEE
                                                    1             2   ;
1           K
        , )     BEE
&1       ,'           CFF     C D >A

    1   #             N
                                                                                                  SLIDE 27
AUTOMOTIVE SECTOR
2007 PLANNING ASSUMPTIONS AND OPERATIONAL
METRICS                      )        ) Q
                                                                                              1                  G              #

/         $                   &   ;'   L , , &1        ,'                B F ,A               BF,                    O B F ,A
                                                  &1        ,'           B ,F                 B ,H                     B ,A

G                 1
!             *           >??F
    0                                                            /                       /                       /
    1     #
        L, ,                                                         2 *                      2 *                    2 *
        G    ;                                                       :                         )                      )
                          !                                          %             C B ,B %          %               %

    G                 ;           !    ) *                       (                C >,H %                    (
                                                                                                         %
    !                                                            OC %                   C >,F %              P C F ,8 %



                                                                                                                                    SLIDE 28
AUTOMOTIVE SECTOR
PRODUCTION VOLUMES

                    Second Quarter       Third Quarter
                        Actual             Forecast
                             O / (U)             O / (U)
                    Units     2006     Units      2006
                    (000)    (000)     (000)      (000)

  North America     811        (86)     640         (2)


  Europe            512         49      410        (14)


  P.A.G.            193          9      168        32




                                                           SLIDE 29
TOTAL COMPANY
2007 OUTLOOK
                                                                                 !
                                                                G   #                J
                        G                       2                       , >??F           %

G                                   /           C &A ??'                                 %

)                                               C B ,E C B ,D                                quot;   I
                                                                                         %
        5           ;
    &       ,               /           '       2                       , >??F           %

            !                                   C &B ' C &>'                                 quot;

    (   /                                       2                       , >??F           %


                #               N
                    I                       5

                                                                                                 SLIDE 30
TOTAL COMPANY
FORWARD YEAR KEY BUSINESS METRICS


                                                       Status
• Profitable in North America and Total
  Automotive by 2009                                   On Plan


• $5 billion cost reductions in North America
  by 2008 compared with 2005                           On Plan


• 14 - 15% U.S. market share (Ford, Lincoln-Mercury)   On Plan


• $17 billion cash outflow in 2007 - 2009
  to fund operating losses and restructuring           Better


                                                                 SLIDE 31
TOTAL COMPANY
KEY 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 32
SAFE HARBOR
                                                                                                                     9   *               #                            <*                                                              2           ;
B HH8 , )       *               #                                                                                                                                                                                        #
                                                                                                                                             *                             K
    !                                                 #
    !
                                                                       #         *                                   #                                                                                                                    L
                                                                                             L                                                                         *                                 *
    2 *                                                   #                          *
    !
    !
                                                              #                                              *                                                                                               N
                                                                                                                             quot;                                                                   #

    2
    J       #                               )

                                                                                                                                                                  quot;
    J                                                                                                                                                                 & , ,                                                                                      '
    5                                                                                                *                                                                                     *
    /                                                         & , , ! G >'                               & , ,                                   '                                                                                        I
    L                                                                                                                                                                                                *
                                        quot;                                                *       *                                                                                                                                                        quot;
                                                                                                                 &R #                                    R'


                                                                                                 *

                                                                                                                                                                                                                                 &*                   *
    *                                                                                                                                '
    /                       )       !                                                6           #                           *                                                                                                                            *
                        *
    :
    /                                                             #                                              #                                                                     )
    !
    !
    2 *
    ( *                                                                                                                                                                            I                                         ,
J                                                                                                                                                                                      *         #                   *
    N               *                   6       , /                                                                              *                   N                                     , G           *       #                            #
                                                *                            #                                                                                *                #                     *                           *
        *       ,                                                                                                                                                                                                                                             SLIDE 33
APPENDIX
TOTAL COMPANY
CALCULATION OF EARNINGS PER SHARE
                                       0          >??         )            1         >??
                                           !     ,G ,                          !     ,G ,
                             (                       ,            (                      ,
                    /                              /     /                             /
                        &1        ,'           &1 ,'         &1       ,'           &1 ,'
(
        5           C            8?            C >8 A    C DFA                     C   A
/           /

                       AA                         AA        FH                             ?
    /               C AEA                      C EDF     C 8E                      C   A

-
                        B A H8                 B A H8    B A HE                    B A HE
(               #           BB                     BB        B?                        B?
!                         8EA                    8EA       8EA                          ?
!                         >A >                   >A >         ?                         ?
                        > >F                   > >F      >DDB                      B H?E

                    C ?,E B                    C ?,B E   C ?,>>                    C ?,?8



                                                                               Appendix 1 of 14
TOTAL COMPANY
2007 SECOND QUARTER EFFECTIVE TAX RATE

                                                                               !                G
                                                                                   /                     /                      /
                                                         %5        5           5       ;                 %5        5            5        ;
                                                    &1        ,'   &1    ,'        &       ,'       &1        ,'   &1    ,'         &        ,'

    %5                                              C DAE                                           C H>F
2            K L                                     &B D E '                                        &B D E '
             N             %5                       C ED?          C &B B H'       E 8 ,?@          C AE            C &> D '             E 8 ,?@
5        !             I        N                                       >H          &A ,8 '                              BH               &>,D '
G                  5       %            $       *                  C &H?'          >F ,8 @                          C &>8 8 '            E >,F @
-                  5                $       *                          &8 ?'       BD,                                 BE>              &B F ,H'
    5                                                              C &B D ?'       D B ,>@                          C &B >E '            B8, @




                                                                                                                          Appendix 2 of 14
TOTAL COMPANY
2006 – 2007 SECOND QUARTER PRE-TAX RESULTS*
                                                        5                                                        5
                                               &/ ,           /   '                    /            &       ,               /   '
                                                >??F          >??        >??F               >??          >??F              >??
                                               &1 ,'         &1 ,'      &1 ,'              &1 ,'        &1 ,'             &1 ,'
(                                              C &B > B '    C & F'     C &D A >'          C >?E        C & A H'          C &> H'
                                                     HH        >8 8            ?               ?             HH              >8 8
    5                                          C &B B >'     C B H      C &D A >'          C >?E        C &F H?'          C &>D '
                                               C  B B        C BAD      C &B D '           C & A'       C BA8             C >F >
        , , ,                                    &B A ?'       DFF        &B A '             E >F        &B F >'            BD?
    5                        I , , ,           C     &H'     C F8?      C &E >'            C >D A       C >E              C D ?>
                                               C      D      C  BA      C      ?           C &A '       C      D          C >F
1 6             =             ,G                    BFH         AB         BE                 ?              E>              AB
 5                                 I1 6        C B E         C HH       C BE               C &A '       C EF              C B?
                                     G ,       C &B ??A '    C H>A      C &E '             CDDE         C &F E B '        C DA8
G                       ,&             /   '        &A 8 '     &B ? '          ?              ?           &A 8 '           &B ? '
            5                                  C &B ?HE '    C A >B     C &E       '       CDDE         C& BF'            C E A
)                                                 D >8         B ?8            ?              ?            D >8             B ?8
            5       !                          C &F F A '    C H>F      C &E       '       CDDE         C &>HB '          C DAE

        )
                                                                                                                     Appendix 3 of 14
TOTAL COMPANY
2006 – 2007 FIRST SIX MONTHS PRE-TAX RESULTS*
                                                           5                                                             5
                                                   &/ ,             /    '                  /                 &       ,                /   '
                                                    >??F            >??           >??F           >??               >??F               >??
                                                   &1 ,'           &1 ,'         &1 ,'          &1 ,'             &1 ,'              &1 ,'
(                                              C &D >E >'      C & H'        C &E ??B '         CBBD      C &B >E B '             C &A HE '
                                                    >D            EFA              BB              ?           >E F                  EFA
    5                                          C &E HA 8 '     C &D B B '    C &> HH?'          CBBD      C &HH8 '               C &8 >8 '
                                               C     >>        C E H>        C     &>E '        C &A H'   C        >8 ?          C DAB
        , , ,                                         &E B '       A8              &>B '          EB8              &B ?'             8D>
    5                        I , , ,           C     B HF      C B >D H      C     &D D '       C >>F     C        >D ?          C B ?>E
                                               C        F      C  &B ?'      C        ?         C &B ?'   C          F           C    ?
1 6             =             ,G                    >B D         B ?E             BE                 ?                             B ?E
 5                                 I1 6        C >>?           C HE          C BE               C &B ?'   C   AE                 C B ?E
                                     G ,       C &E 8 F H'     C HE B        C &> A H '         CEE?      C &F >'                C F ?B
G                       ,&             /   '       &>D '         &D D A '            ?             ?        &>D '                  &D D A '
            5                                  C &E A B F '    C DAE         C &> A H '         CEE?      C &HB H'               C B8E
)                                                   A ??         E HH                ?             ?         A ??                  E HH
            5       !                          C &E ?B F '     C AA>         C &> A H '         CEE?      C &B B H'              C 88>

        )
                                                                                                                             Appendix 4 of 14
TOTAL COMPANY
SECOND QUARTER EMPLOYMENT DATA BY
BUSINESS UNIT*
                                March 31,       June 30,
                                 2007            2007
    Automotive                    (000)          (000)
     North America                110            104
     South America                 14             14
       Total Americas             124            118
     Europe                        67             67
     P.A.G                         44             43
      Total Europe / P.A.G.       111            110
    Asia Pacific and Africa        17             17
        Total Automotive Ops.     252            245
    Financial Services             12             12
          Total Company           264            257


5                                           &          *             '


                                                       Appendix 5 of 14
AUTOMOTIVE SECTOR
2007 SECOND QUARTER AUTOMOTIVE SUMMARY
                                                              J                                           ;                                    5
                                                           >??F                  >??                  >??F           >??            >??F                  >??
                                                           &???'                 &???'               &1 ,'          &1 ,'          &1 ,'                 &1 ,'
(                                                              H?                 A?             CBHB88             C B A HB       C & A H'              C &> H'
                                                                AH                BB?               B >A H              B A>            HH                  >8 8
        5                                                      HHF                HB             C >? D D D         C >? F B A     C &F H?'              C &>D '
                                                               DFF                8 ?H           C     8 >F         C H >?E            C BA8             C >F >
        , , ,                                                  B H8               >?E                    FA            A EAA            &B F >'            BD?
        5                I , , ,                               FFB                  B>           C B 8 >HD          C B 8 HB           C >E              C D ?>
                                                           BEE                BE8                C B HH             C B >              C  D              C >F
1 6                               ,G                         BF                 H                   > D                   B ?           E>                  AB
 5                                         I1 6            BDH                BDD                C >? E             C B AH         C EF                  C B?
                                             G ,         B A ?F              B E                 CE ABB             C D ? B ?F     C &F E B '            C DA8
G                   ,&                     /       '                                                                                 &A 8 '               &B ? '
            5                                            B A ?F              B       E           CE ABB             C D ? B ?F     C& BF'                C E A


    /           *                                                   )                                    !     1
                    8 D ???            E ???       >??            >??F               , 9;            <
    /                                                      /             &   /'K *                                               1 6       F
                              )        .       1 6     .                                    /.                1 6    F
                                                                                                                                                   Appendix 6 of 14
AUTOMOTIVE SECTOR
2007 SECOND QUARTER MARKET RESULTS
                                          Second Quarter                    First Six Months
                                                       B / (W)                            B / (W)
U.S.                                    Absolute        2006              Absolute         2006
  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.

Europe
 Industry SAAR (Mils.)                    17.9         (0.1)               17.9             0.1
 Market 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 Regions
 Ford 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)

          #        )            , , ,                                         BH   N              #
               #                                       N       #
                   #                               *           N      #

                                                                                       Appendix 7 of 14
AUTOMOTIVE SECTOR
COSTS AND EXPENSES
                                            Second Quarter
                                                              2007
                                                             B / (W)
                                   2006             2007      2006
                                  (Mils.)          (Mils.)   (Mils.)

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
AUTOMOTIVE SECTOR
GROSS CASH RECONCILIATION TO GAAP

                                                                                   +      E ? >??            1           K
                                                -      ,EB     +              E?       % I &J '      +     E?        1                 EB
                                                     >??F            >??           -    , E B >??F      >??F                  >??
                                                    &% ,'           &% ,'               &% ,'          &% ,'                 &% ,'

!                   !             quot;                 C B F ,?       C B ,B              C B ,B         CBD,                   CB8,
1       #                                            B B ,E         BE,                  >,D             A ,H                 B F ,A
2                                                      8 ,E           D ,F              &?, '               ?                   ?,
    5           !            I1       # ,   2       C E >,F        C E 8 ,D            C >,A          C >E ,F                C E E ,>
                        / 5                           &?,8 '         &?,E '              ?,>                                   &?,>'
            5               $ %                        B ,A           >,E                ?,8                                    >,>
                        !                           C E E ,H       C E ,D              C E ,8         C >E ,F                C E 8 ,>




                                                                                                                Appendix 9 of 14
AUTOMOTIVE SECTOR
GAAP RECONCILIATION OF
OPERATING-RELATED CASH FLOWS
                                                                                                                                           >??                    )
                                                                                                                                               % I &J '            1
                                                                                                                      0                      5      >??F           >??
                                                                                                                          &%          ,'        &% ,'            &% ,'
!           ) *                              G                                            !                       G       C B ,E                 C &D ,F '        C >,A
/           /                                G                        ;           !           )   *
– !                                                                                                                            &B ,E '              ?,E            &>,F '
– (             5                                    %       *
        )                                                                                                                       ?,B                 ?,8            &?,D '


/           (               /                            G                  ;             !           )       *
–   !               /                            +            %       # %             =                                         ?,D                 ?,B             B,
–   (           &                   'I                                  5                                                       ?,                  E ,A            B ,8
–                               !                                                                                               ?,D                 ?,>             B ,>
–   $ % !                                )       *       M(       ;                                       %                    &?,E '               B ,B           &?,E '
–   5 ;                                              5                                                                            ?                    ?           &>,?'
–   G                                                                                                                           ?,8                 ?,>             B ,?
                        G                            ;                !         ) *                                       C B ,A                 C B ,F           C >,H

                                                                                                                                                             Appendix 10 of 14
FINANCIAL SERVICES SECTOR
FORD CREDIT RESULTS AND METRICS --
2007 SECOND QUARTER
                             Pre-Tax Profits (Mils.)                                                                  Key Metrics*
                                                                                                                                           0
                                           $(323)              ;                               &%                ,'              >??F          >??
                                                               G       %                                                         CBEF          CBD?
                                                                           6               G             %                         B8             H
                             $435                                  1                                                             CB8B          CBDH
                                                               !              G                &1                ,'
                                                               G       %                                                         C AE          C B >8
                                                               1                                                                  B ?>           BEH
                                                               2               ;                                       ;
                                                               G       %                                                         ?,>8 @         ?,E F @
                                                               1
                                                                 L , ,;                                      2                   ?,E ?         ?,8 B
                                                                 J        *                    5                                 ?,>           ?,E A
                                                                     * ,               !                     2
                                                               J        *                                             &%   ,'    C B ,D        C B ,?
                                                    $112            ,G            G            ;                                  ?,HH@         ?, >@
                                                               2                      &5           B'
                                                               )                                                                  B B ,D        B B ,B
                                                               1                                                                  B B ,8        B ?,F
                                                               -                      &%            ,'                           C ?,D         C ?
                             2nd Qtr.               2nd Qtr.
                               2006                   2007
( /        &1   ,'             C E ?D                 C F>
;G                               B ?,D @                >,>@
   5                     ,
 )   BEE   &1   ,'             C FF                   C D >A

 1   #               N                                                                                                                 Appendix 11 of 14
FORD CREDIT KEY METRIC DEFINITIONS

/                                         )   !           .                                                                                                    )
!                                                                                        *       *
                                  * , /                                                                                        6
    * K

1             ;                                                                      )       !   .                                             )               !
                                                      6

              ;                                                                                                  )         !           *
                  &, ,                                *           )         !                                                      #               '

!                         1               ;                                                              *                                 )               !           .
                                                                      *                          )           !
          6

/             G   %                                       6                                                  &         *           '
                                                  )           !           S                                                                        6
          quot;                                                                , 5
                                                                                     6
                      )       !                                       )          !           S                   , -                   )               !           S
                                                                                                     6
                                                              6

                                                                                                                                                   Appendix 12 of 14
FINANCIAL SERVICES SECTOR
FORD CREDIT RATIO DEFINITIONS
/                                 )   !       .                                                                                         )
!                                                                     *           *
                            * K

                                                          !
2       ;               ;                 =
                                                              ;

2           K

                                              5       -
    )                         2           =
                                                  quot;
                                                                                             ;
                                                                                            /
                                                                              6                      6       !           !
                                                                  G       %             G        %           quot;               =
                                                                                                             1       #                  N
                                              5       -       + ;                     - ;                -                       -:
    1               2                     =
                                                                          quot;           + 1                -       N
                                                                                            /                        :


*               #


                                                                                                                                      Appendix 13 of 14
FINANCIAL SERVICES SECTOR
FORD CREDIT RECONCILIATIONS OF MANAGED
LEVERAGE TO FINANCIAL STATEMENT LEVERAGE
                                                                                                                              +           E?     +            E?
                                                                                                                                    >??F              >??
2                    !                                                                                                             &% ,'             &% ,'
 5           -                                                                                                                    C B E E ,>         CBE ,
                 6               G       %                                             ;                      G                       B D ,F             H,E
;                    /                                                         6           G        %                     ;            &B ,B '          &?,H'
         N                                   !                        !            quot;
             1       #                                                                                                               &B F ,?'           &B F , '
         N                                   :                                                                                         &?,>'                  ?
     5                   N                    -                                                                                   C B E ?,8          C B >H,D
5                        #                        .               quot;        &               ,                          '           C BB,              C B >,D
         N                                   :                                                                                       &?,D '             &?,>'
     5                   N                            quot;                                                                           C B B ,E           C B >,>
1                    2                                    &           B'                                                             B B ,8             B ?,F
)                                                             2                    &           B'                                    B B ,D             B B ,B
     /           C 8 D ,A                                 C F E ,D                 +           E ? >??F   +       E ? >??                                 #

                                     )            !
                             #                                                                                                                       Appendix 14 of 14

More Related Content

Similar to ford 2007 Q2 Financial Result

4Q 2008 EARNINGS SLIDESFINAL
4Q 2008 EARNINGS SLIDESFINAL4Q 2008 EARNINGS SLIDESFINAL
4Q 2008 EARNINGS SLIDESFINALfinance22
 
shaw group 656631FE-D4E6-4F14-A3DB-B8C5E6B7BB07_1Q2009
shaw group 656631FE-D4E6-4F14-A3DB-B8C5E6B7BB07_1Q2009shaw group 656631FE-D4E6-4F14-A3DB-B8C5E6B7BB07_1Q2009
shaw group 656631FE-D4E6-4F14-A3DB-B8C5E6B7BB07_1Q2009finance36
 
shaw group 656631FE-D4E6-4F14-A3DB-B8C5E6B7BB07_1Q2009
shaw group 656631FE-D4E6-4F14-A3DB-B8C5E6B7BB07_1Q2009shaw group 656631FE-D4E6-4F14-A3DB-B8C5E6B7BB07_1Q2009
shaw group 656631FE-D4E6-4F14-A3DB-B8C5E6B7BB07_1Q2009finance36
 
3 D Realty Advisors Marketing Package
3 D Realty Advisors   Marketing Package3 D Realty Advisors   Marketing Package
3 D Realty Advisors Marketing Packageguestecde07
 
2Q06EarningsSlides
2Q06EarningsSlides2Q06EarningsSlides
2Q06EarningsSlidesfinance22
 
Honeywell Guidance Announcement Presentation
Honeywell 	 Guidance Announcement PresentationHoneywell 	 Guidance Announcement Presentation
Honeywell Guidance Announcement Presentationfinance8
 
Ge Earnings Main Presentation 04112008
Ge Earnings Main Presentation 04112008Ge Earnings Main Presentation 04112008
Ge Earnings Main Presentation 04112008earningsreport
 
raytheon Q4 Earnings Presentation
raytheon Q4 Earnings Presentationraytheon Q4 Earnings Presentation
raytheon Q4 Earnings Presentationfinance12
 
raytheon Q4 Earnings Presentation
raytheon Q4 Earnings Presentationraytheon Q4 Earnings Presentation
raytheon Q4 Earnings Presentationfinance12
 
Pfizer Quarterly Corporate Performance - Fourth Quarter 2007
Pfizer Quarterly Corporate Performance - Fourth Quarter 2007Pfizer Quarterly Corporate Performance - Fourth Quarter 2007
Pfizer Quarterly Corporate Performance - Fourth Quarter 2007finance5
 
4Q 07 EARNINGS SLIDES
4Q 07 EARNINGS SLIDES4Q 07 EARNINGS SLIDES
4Q 07 EARNINGS SLIDESfinance22
 
John DeereConference Call Information Slides 2008 2nd
 John DeereConference Call Information Slides 2008 2nd John DeereConference Call Information Slides 2008 2nd
John DeereConference Call Information Slides 2008 2ndfinance11
 

Similar to ford 2007 Q2 Financial Result (20)

ford 2007 Q1 Financial Result
ford 2007 Q1 Financial Resultford 2007 Q1 Financial Result
ford 2007 Q1 Financial Result
 
Ec4024 2009 Lecture12
Ec4024 2009 Lecture12Ec4024 2009 Lecture12
Ec4024 2009 Lecture12
 
ford * 2008 Q3 Financial Result
ford       * 2008 Q3 Financial Resultford       * 2008 Q3 Financial Result
ford * 2008 Q3 Financial Result
 
ford 2008 Q2 Financial Result
ford 2008 Q2 Financial Resultford 2008 Q2 Financial Result
ford 2008 Q2 Financial Result
 
4Q 2008 EARNINGS SLIDESFINAL
4Q 2008 EARNINGS SLIDESFINAL4Q 2008 EARNINGS SLIDESFINAL
4Q 2008 EARNINGS SLIDESFINAL
 
shaw group 656631FE-D4E6-4F14-A3DB-B8C5E6B7BB07_1Q2009
shaw group 656631FE-D4E6-4F14-A3DB-B8C5E6B7BB07_1Q2009shaw group 656631FE-D4E6-4F14-A3DB-B8C5E6B7BB07_1Q2009
shaw group 656631FE-D4E6-4F14-A3DB-B8C5E6B7BB07_1Q2009
 
shaw group 656631FE-D4E6-4F14-A3DB-B8C5E6B7BB07_1Q2009
shaw group 656631FE-D4E6-4F14-A3DB-B8C5E6B7BB07_1Q2009shaw group 656631FE-D4E6-4F14-A3DB-B8C5E6B7BB07_1Q2009
shaw group 656631FE-D4E6-4F14-A3DB-B8C5E6B7BB07_1Q2009
 
3 D Realty Advisors Marketing Package
3 D Realty Advisors   Marketing Package3 D Realty Advisors   Marketing Package
3 D Realty Advisors Marketing Package
 
2Q06EarningsSlides
2Q06EarningsSlides2Q06EarningsSlides
2Q06EarningsSlides
 
Honeywell Guidance Announcement Presentation
Honeywell 	 Guidance Announcement PresentationHoneywell 	 Guidance Announcement Presentation
Honeywell Guidance Announcement Presentation
 
ge_Q1 2008 earnings
ge_Q1 2008 earningsge_Q1 2008 earnings
ge_Q1 2008 earnings
 
Ge Earnings Main Presentation 04112008
Ge Earnings Main Presentation 04112008Ge Earnings Main Presentation 04112008
Ge Earnings Main Presentation 04112008
 
Ge Q3 2008 Earnings
Ge Q3 2008 EarningsGe Q3 2008 Earnings
Ge Q3 2008 Earnings
 
raytheon Q4 Earnings Presentation
raytheon Q4 Earnings Presentationraytheon Q4 Earnings Presentation
raytheon Q4 Earnings Presentation
 
Ge Q2 2008 Earnings
Ge Q2 2008 EarningsGe Q2 2008 Earnings
Ge Q2 2008 Earnings
 
raytheon Q4 Earnings Presentation
raytheon Q4 Earnings Presentationraytheon Q4 Earnings Presentation
raytheon Q4 Earnings Presentation
 
Pfizer Quarterly Corporate Performance - Fourth Quarter 2007
Pfizer Quarterly Corporate Performance - Fourth Quarter 2007Pfizer Quarterly Corporate Performance - Fourth Quarter 2007
Pfizer Quarterly Corporate Performance - Fourth Quarter 2007
 
ford 2007 Q4 and Full Year Financial Result
ford 2007 Q4 and Full Year Financial Resultford 2007 Q4 and Full Year Financial Result
ford 2007 Q4 and Full Year Financial Result
 
4Q 07 EARNINGS SLIDES
4Q 07 EARNINGS SLIDES4Q 07 EARNINGS SLIDES
4Q 07 EARNINGS SLIDES
 
John DeereConference Call Information Slides 2008 2nd
 John DeereConference Call Information Slides 2008 2nd John DeereConference Call Information Slides 2008 2nd
John DeereConference Call Information Slides 2008 2nd
 

More from QuarterlyEarningsReports3

Innovating Through Recession by Andrew Razeghi of Kellog School of Management
Innovating Through Recession by Andrew Razeghi of Kellog School of ManagementInnovating Through Recession by Andrew Razeghi of Kellog School of Management
Innovating Through Recession by Andrew Razeghi of Kellog School of ManagementQuarterlyEarningsReports3
 
Skive Magazine Quarterly - Issue 10, December 2008
Skive Magazine Quarterly - Issue 10, December 2008Skive Magazine Quarterly - Issue 10, December 2008
Skive Magazine Quarterly - Issue 10, December 2008QuarterlyEarningsReports3
 

More from QuarterlyEarningsReports3 (20)

Heavenly Dishes cookbook
Heavenly Dishes cookbookHeavenly Dishes cookbook
Heavenly Dishes cookbook
 
Innovating Through Recession by Andrew Razeghi of Kellog School of Management
Innovating Through Recession by Andrew Razeghi of Kellog School of ManagementInnovating Through Recession by Andrew Razeghi of Kellog School of Management
Innovating Through Recession by Andrew Razeghi of Kellog School of Management
 
Lehman Brothers Annual Report 2007
Lehman Brothers Annual Report 2007Lehman Brothers Annual Report 2007
Lehman Brothers Annual Report 2007
 
Bear Stearns Annual Report 2006
Bear Stearns Annual Report 2006Bear Stearns Annual Report 2006
Bear Stearns Annual Report 2006
 
AIG Annual Report 2007
AIG Annual Report 2007AIG Annual Report 2007
AIG Annual Report 2007
 
Financial Development Report 2008
Financial Development Report 2008Financial Development Report 2008
Financial Development Report 2008
 
Milken Institute - Mortgage Crisis Overview
Milken Institute - Mortgage Crisis OverviewMilken Institute - Mortgage Crisis Overview
Milken Institute - Mortgage Crisis Overview
 
U.S. Financial Crisis
U.S. Financial CrisisU.S. Financial Crisis
U.S. Financial Crisis
 
Fannie Mae Annual Report 2007
Fannie Mae Annual Report 2007Fannie Mae Annual Report 2007
Fannie Mae Annual Report 2007
 
Freddie Mac Annual Report 2007
Freddie Mac Annual Report 2007Freddie Mac Annual Report 2007
Freddie Mac Annual Report 2007
 
Merrill Lynch Annual Report 2007
Merrill Lynch Annual Report 2007Merrill Lynch Annual Report 2007
Merrill Lynch Annual Report 2007
 
Financial Development Report 2008
Financial Development Report 2008Financial Development Report 2008
Financial Development Report 2008
 
Fannie Mae Annual Report 2007
Fannie Mae Annual Report 2007Fannie Mae Annual Report 2007
Fannie Mae Annual Report 2007
 
Skive Magazine Quarterly - Issue 10, December 2008
Skive Magazine Quarterly - Issue 10, December 2008Skive Magazine Quarterly - Issue 10, December 2008
Skive Magazine Quarterly - Issue 10, December 2008
 
Global Risks Report 2009
Global Risks Report 2009Global Risks Report 2009
Global Risks Report 2009
 
Moneytree Analyst Call Q408
Moneytree Analyst Call Q408Moneytree Analyst Call Q408
Moneytree Analyst Call Q408
 
hp 2002 Transcript
hp 2002 Transcripthp 2002 Transcript
hp 2002 Transcript
 
hp 2005 Presentation
hp 2005  Presentationhp 2005  Presentation
hp 2005 Presentation
 
hp 2006 Presentation
hp 2006 Presentationhp 2006 Presentation
hp 2006 Presentation
 
hp 2004 /2003Financial Overview
hp 2004 /2003Financial Overviewhp 2004 /2003Financial Overview
hp 2004 /2003Financial Overview
 

ford 2007 Q2 Financial Result

  • 1. SECOND QUARTER EARNINGS REVIEW JULY 26, 2007 (PRELIMINARY RESULTS)
  • 2. BUSINESS OVERVIEW Alan Mulally President and Chief Executive Officer SLIDE 1
  • 3. TOTAL COMPANY 2007 SECOND QUARTER FINANCIAL RESULTS Second Quarter First Six Months O / (U) O / (U) 2007 2006 2007 2006 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 $ 671 After-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 Income After-Tax Profits (Mils.) $ 750 $1,067 $ 468 $2,208 Earnings Per Share** 0.31 0.48 0.22 1.15 Automotive Gross Cash (Bils.)*** $ 37.4 $ 13.8 $ 37.4 $ 13.8 ! quot; # $ % &$ % ' SLIDE 2
  • 4. TOTAL COMPANY SECOND 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 3
  • 5. TOTAL COMPANY SECOND QUARTER PROGRESS • We continue to make progress on executing the four priorities of our 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 4
  • 6. TOTAL COMPANY SECOND QUARTER / FIRST HALF HIGHLIGHTS ( – ) * +,- , * . / 0 ) 1 1 1 2 1 34 1 # 25 1 6 1 7 8 1 – ) 6 9: ; # 1 6 1 $ < +,- , * = – ) * 6 0 – 2 – ) >?@ ) : >?? ) – ) 8@ ) : >?? – 1 * * – ; 2 ; A@ ) : >?? – ! – ) ! >>@ ) : >?? – >?B ? ) ) >?B B SLIDE 5
  • 7. FINANCIAL RESULTS Don Leclair Chief Financial Officer SLIDE 6
  • 8. TOTAL COMPANY 2007 SECOND QUARTER INCOME FROM CONTINUING OPERATIONS COMPARED WITH NET INCOME 0 ) 1 % I &J ' % I &J ' >?? >??F >?? >??F ; &% ,' C D D ,> C >,E C A ,E C D ,F / &1 ,' 5 / ! G & , / ' C DAE C D C 88> C F B / DDE A >? EE? E >> 5 / ! G C H>F C B 8 HD C AA> 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 BA C B ?D B C DED C>BA> - G E> >F ED >F ( / C 8? C B ?F C DFA C > >?A A 0 >?? / SLIDE 7
  • 9. TOTAL COMPANY 2007 SECOND QUARTER SPECIAL ITEMS ) 0 1 &1 ,' &1 ,' ) ( C 88 C &A B H' ; G % ! BDA B B ?A ; ! ? &B 8 ' ) ( C >?E C BBD 1 >?F >B D ; - : BA> BA> ) ; IG & A' &A H' ; IG &F >' &A B ' ) ; &A ' &B ?' 5 5 / C DDE C EE? 1 K / / C ?,B C ?,B F SLIDE 8
  • 10. TOTAL COMPANY 2007 SECOND QUARTER PRE-TAX PROFIT / (LOSS) BY SECTOR* (Mils.) $483 $378 $105 Total Automotive Financial Services Memo: B / (W) 2006 $774 $1,094 $(320) SLIDE 9
  • 11. AUTOMOTIVE SECTOR 2007 SECOND QUARTER AUTOMOTIVE PRE-TAX PROFITS COMPARED WITH 2006* (Bils.) C ?,H C ?,F C ?,D C B ,B C &?,B ' C &?,E ' C &?, ' 2006 2007 Volume / Net Cost Exchange Mix Pricing Changes A SLIDE 10
  • 12. AUTOMOTIVE SECTOR 2007 FIRST SIX MONTHS COST CHANGES* 2007 Costs B / (W) 2006 (Bils.) Total $1.1 Bils. $0.7 $0.8 $0.5 $0.3 $0.2 $(0.1) $(1.3) J 1 ,I ( I G , ; G % = ! 1 K 0 C ?,> C ?,E C &?,F ' C ?,B C ?,D C ?,> C? SLIDE 11
  • 13. AUTOMOTIVE SECTOR 2007 SECOND QUARTER PROFIT / (LOSS) BY SEGMENT* (Mils.) CDA8 1 , CE A C >8 8 C >F > CBD? CAB C >F C &B ? ' C &> H' 5 ( , , , 1 6 = G = , G 1 K % I &J ' >??F C B ?HD C8B? CB8F C C E ?> C >> CDH C &>>' A SLIDE 12
  • 14. AUTOMOTIVE SECTOR -- FORD NORTH AMERICA SECOND QUARTER KEY METRICS -- 2007 vs. 2006 Wholesales (000) Revenue (Bils.) Pre-Tax Profits (Mils.)* 907 $19.1 $18.8 807 $(279) $(789) 2006 2007 2006 2007 2006 2007 1 K L , ,1 # BF, @ B 8 ,F @ L , ,- / HF 88 A SLIDE 13
  • 15. AUTOMOTIVE SECTOR -- FORD NORTH AMERICA 2007 SECOND QUARTER AUTOMOTIVE PRE-TAX PROFITS COMPARED WITH 2006* (Bils.) $0.6 $0.4 $(0.1) $(0.1) $(0.3) $(0.3) 1 ,I , C ?,D IG % ?,E G IG ?,> $0.5 J ?,B ( ! &?,F ' $(0.8) 2006 2007 Volume / Net Cost Exchange Other Mix Pricing Changes A SLIDE 14
  • 16. AUTOMOTIVE SECTOR -- FORD NORTH AMERICA U.S. MARKET SHARE* Fleet >??A Retail 5 K BD B8@ ) K 2 * 17.2% 16.7% 15.1% 15.6% 6.4% 6.1% 5.0% 5.4% 10.8% 10.6% 10.1% 10.2% ) 0 0 ) 0 0 >??F >?? ) 2 1 SLIDE 15
  • 17. AUTOMOTIVE SECTOR -- FORD NORTH AMERICA PERSONNEL LEVELS FROM YEAR-END 2005 ) 5 1 K E D 8 ?? >??A L E B 8 ?? - , E B >??8 >D H?? >D >?? >D B ?? B ? D ?? - EB - EB 1 EB + E? >??A >??8 >??F >?? >?? : & !:' 1 K A 8 F ?? H?? >??A L F H >?? F D H?? - , E B >??8 8 8 ??? M F ? ??? >8 ??? M E ? ??? - EB - EB 1 EB + E? >??A >??8 >??F >?? >?? : !: B E H?? B B B ?? A H?? 8 ?? ; I - EB - EB 1 EB + E? >??A >??8 >??F >?? >?? ; SLIDE 16
  • 18. AUTOMOTIVE SECTOR -- FORD NORTH AMERICA ASSEMBLY CAPACITY (Millions - Annualized) 1 / ! >??A 5 1 ! ! L 6 1 / AD@ 5 1 B ??@ 4.8 4.1 3.8 3.6 3.6 3.2 3.0 3.0 ) 0 ) 0 0 >??A >??8 >?? >?? SLIDE 17
  • 19. AUTOMOTIVE SECTOR -- FORD NORTH AMERICA OPERATING COST REDUCTIONS* Cumulative Costs B / (W) Than December 31, 2005 (Bils.) 2008 Plan $5 Billion $2.3 $1.9 $1.5 - E B >??F 1 E B >?? + E ? >?? 1 K C B ,8 C ?,D C ?,D SLIDE 18
  • 20. AUTOMOTIVE SECTOR -- FORD SOUTH AMERICA SECOND QUARTER KEY METRICS -- 2007 vs. 2006 Wholesales (000) Revenue (Bils.) Pre-Tax Profits (Mils.)* 110 $1.8 89 $1.3 $255 $99 2006 2007 2006 2007 2006 2007 1 K 1 # B B ,B @ B ?,H@ A >?? # N # SLIDE 19
  • 21. AUTOMOTIVE SECTOR -- FORD EUROPE SECOND QUARTER KEY METRICS -- 2007 vs. 2006 Wholesales (000) Revenue (Bils.) Pre-Tax Profits (Mils.)* 509 $9.2 466 $7.5 $262 $185 2006 2007 2006 2007 2006 2007 1 K 1 # A ,E @ A ,E @ A >?? # ) BH N # SLIDE 20
  • 22. AUTOMOTIVE SECTOR -- PREMIER AUTOMOTIVE GROUP SECOND QUARTER KEY METRICS -- 2007 vs. 2006 Wholesales (000) Revenue (Bils.) Pre-Tax Profits (Mils.)* 203 $8.4 195 $7.8 $140 $(162) 2006 2007 2006 2007 2006 2007 1 K 1 # L, , B ,?@ B ,?@ >,B >,> A >?? # BH N # SLIDE 21
  • 23. AUTOMOTIVE SECTOR -- FORD ASIA PACIFIC AND AFRICA / MAZDA 2007 SECOND QUARTER PRE-TAX PROFITS* (Mils.) CB? CAB C >F 1 6 I1 6 ,G 1 K % I &J ' >??F C B C >> CDH A SLIDE 22
  • 24. AUTOMOTIVE SECTOR -- FORD ASIA PACIFIC AND AFRICA SECOND QUARTER KEY METRICS -- 2007 vs. 2006 Wholesales (000) Revenue (Bils.) Pre-Tax Profits (Mils.)* 133 135 $1.8 $1.7 $26 $4 2006 2007 2006 2007 2006 2007 1 K 1 # >,8 @ >,>@ A >?? # * N # SLIDE 23
  • 25. AUTOMOTIVE SECTOR 2007 SECOND QUARTER CASH* ) 0 1 &% ,' &% ,' ! ( 1 # 2 5 $ % + E ? >?? C E ,D C E ,D 1 E B >?? I - E B >??F E 8 ,> E E ,H ! ! C >,> C E ,8 G ; ! ) * 5 C ?,D C ?,> ! &B ,E ' &>,F ' - 6 B ,A E ,8 ! ; / 5 &?,B ' ?, G 5 - B ,? B ,B 5 G ; ! ) * C B ,A C >,H G ! ! ! / + % # I &?,D ' &B , ' ! &?,D ' &B ,>' ( $ % ! ?,D ?, 5 ; 5 ? >,? - ?,H B ,? G &?,B ' &?,>' 5 ! ! C >,> C E ,8 A SLIDE 24
  • 26. TOTAL COMPANY STRENGTHENING OUR BALANCE SHEET • Trust Preferred Securities Exchange • U.S. Pension Fund Asset Allocation Change Prior Revised Target Target (by Year-End 2007) (Pct.) (Pct.) Fixed Income 30% 45% Equity / Other 70 55 SLIDE 25
  • 27. FINANCIAL SERVICES SECTOR 2007 SECOND QUARTER PRE-TAX PROFIT / (LOSS) BY SEGMENT (Mils.) $112* $105 $(7) Total Ford Credit Other Memo: B / (W) 2006 $(320) $(323) $3 / CEBF # N SLIDE 26
  • 28. FINANCIAL SERVICES SECTOR 2007 SECOND QUARTER FORD CREDIT PRE-TAX PROFIT COMPARED WITH 2006 (Bils.) $(0.3) $0.4 $(0.2) $0.1 $0.1 $0 $(0.1) $(0.1) $(0.1) $(0.1) >??F >?? $ ) ! 2 G ) BEE 1 2 ; 1 K , ) BEE &1 ,' CFF C D >A 1 # N SLIDE 27
  • 29. AUTOMOTIVE SECTOR 2007 PLANNING ASSUMPTIONS AND OPERATIONAL METRICS ) ) Q 1 G # / $ & ;' L , , &1 ,' B F ,A BF, O B F ,A &1 ,' B ,F B ,H B ,A G 1 ! * >??F 0 / / / 1 # L, , 2 * 2 * 2 * G ; : ) ) ! % C B ,B % % % G ; ! ) * ( C >,H % ( % ! OC % C >,F % P C F ,8 % SLIDE 28
  • 30. AUTOMOTIVE SECTOR PRODUCTION VOLUMES Second Quarter Third Quarter Actual Forecast O / (U) O / (U) Units 2006 Units 2006 (000) (000) (000) (000) North America 811 (86) 640 (2) Europe 512 49 410 (14) P.A.G. 193 9 168 32 SLIDE 29
  • 31. TOTAL COMPANY 2007 OUTLOOK ! G # J G 2 , >??F % G / C &A ??' % ) C B ,E C B ,D quot; I % 5 ; & , / ' 2 , >??F % ! C &B ' C &>' quot; ( / 2 , >??F % # N I 5 SLIDE 30
  • 32. TOTAL COMPANY FORWARD YEAR KEY BUSINESS METRICS Status • Profitable in North America and Total Automotive by 2009 On Plan • $5 billion cost reductions in North America by 2008 compared with 2005 On Plan • 14 - 15% U.S. market share (Ford, Lincoln-Mercury) On Plan • $17 billion cash outflow in 2007 - 2009 to fund operating losses and restructuring Better SLIDE 31
  • 33. TOTAL COMPANY KEY 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 32
  • 34. SAFE HARBOR 9 * # <* 2 ; B HH8 , ) * # # * K ! # ! # * # L L * * 2 * # * ! ! # * N quot; # 2 J # ) quot; J & , , ' 5 * * / & , , ! G >' & , , ' I L * quot; * * quot; &R # R' * &* * * ' / ) ! 6 # * * * : / # # ) ! ! 2 * ( * I , J * # * N * 6 , / * N , G * # # * # * # * * * , SLIDE 33
  • 36. TOTAL COMPANY CALCULATION OF EARNINGS PER SHARE 0 >?? ) 1 >?? ! ,G , ! ,G , ( , ( , / / / / &1 ,' &1 ,' &1 ,' &1 ,' ( 5 C 8? C >8 A C DFA C A / / AA AA FH ? / C AEA C EDF C 8E C A - B A H8 B A H8 B A HE B A HE ( # BB BB B? B? ! 8EA 8EA 8EA ? ! >A > >A > ? ? > >F > >F >DDB B H?E C ?,E B C ?,B E C ?,>> C ?,?8 Appendix 1 of 14
  • 37. TOTAL COMPANY 2007 SECOND QUARTER EFFECTIVE TAX RATE ! G / / / %5 5 5 ; %5 5 5 ; &1 ,' &1 ,' & ,' &1 ,' &1 ,' & ,' %5 C DAE C H>F 2 K L &B D E ' &B D E ' N %5 C ED? C &B B H' E 8 ,?@ C AE C &> D ' E 8 ,?@ 5 ! I N >H &A ,8 ' BH &>,D ' G 5 % $ * C &H?' >F ,8 @ C &>8 8 ' E >,F @ - 5 $ * &8 ?' BD, BE> &B F ,H' 5 C &B D ?' D B ,>@ C &B >E ' B8, @ Appendix 2 of 14
  • 38. TOTAL COMPANY 2006 – 2007 SECOND QUARTER PRE-TAX RESULTS* 5 5 &/ , / ' / & , / ' >??F >?? >??F >?? >??F >?? &1 ,' &1 ,' &1 ,' &1 ,' &1 ,' &1 ,' ( C &B > B ' C & F' C &D A >' C >?E C & A H' C &> H' HH >8 8 ? ? HH >8 8 5 C &B B >' C B H C &D A >' C >?E C &F H?' C &>D ' C B B C BAD C &B D ' C & A' C BA8 C >F > , , , &B A ?' DFF &B A ' E >F &B F >' BD? 5 I , , , C &H' C F8? C &E >' C >D A C >E C D ?> C D C BA C ? C &A ' C D C >F 1 6 = ,G BFH AB BE ? E> AB 5 I1 6 C B E C HH C BE C &A ' C EF C B? G , C &B ??A ' C H>A C &E ' CDDE C &F E B ' C DA8 G ,& / ' &A 8 ' &B ? ' ? ? &A 8 ' &B ? ' 5 C &B ?HE ' C A >B C &E ' CDDE C& BF' C E A ) D >8 B ?8 ? ? D >8 B ?8 5 ! C &F F A ' C H>F C &E ' CDDE C &>HB ' C DAE ) Appendix 3 of 14
  • 39. TOTAL COMPANY 2006 – 2007 FIRST SIX MONTHS PRE-TAX RESULTS* 5 5 &/ , / ' / & , / ' >??F >?? >??F >?? >??F >?? &1 ,' &1 ,' &1 ,' &1 ,' &1 ,' &1 ,' ( C &D >E >' C & H' C &E ??B ' CBBD C &B >E B ' C &A HE ' >D EFA BB ? >E F EFA 5 C &E HA 8 ' C &D B B ' C &> HH?' CBBD C &HH8 ' C &8 >8 ' C >> C E H> C &>E ' C &A H' C >8 ? C DAB , , , &E B ' A8 &>B ' EB8 &B ?' 8D> 5 I , , , C B HF C B >D H C &D D ' C >>F C >D ? C B ?>E C F C &B ?' C ? C &B ?' C F C ? 1 6 = ,G >B D B ?E BE ? B ?E 5 I1 6 C >>? C HE C BE C &B ?' C AE C B ?E G , C &E 8 F H' C HE B C &> A H ' CEE? C &F >' C F ?B G ,& / ' &>D ' &D D A ' ? ? &>D ' &D D A ' 5 C &E A B F ' C DAE C &> A H ' CEE? C &HB H' C B8E ) A ?? E HH ? ? A ?? E HH 5 ! C &E ?B F ' C AA> C &> A H ' CEE? C &B B H' C 88> ) Appendix 4 of 14
  • 40. TOTAL COMPANY SECOND QUARTER EMPLOYMENT DATA BY BUSINESS UNIT* March 31, June 30, 2007 2007 Automotive (000) (000) North America 110 104 South America 14 14 Total Americas 124 118 Europe 67 67 P.A.G 44 43 Total Europe / P.A.G. 111 110 Asia Pacific and Africa 17 17 Total Automotive Ops. 252 245 Financial Services 12 12 Total Company 264 257 5 & * ' Appendix 5 of 14
  • 41. AUTOMOTIVE SECTOR 2007 SECOND QUARTER AUTOMOTIVE SUMMARY J ; 5 >??F >?? >??F >?? >??F >?? &???' &???' &1 ,' &1 ,' &1 ,' &1 ,' ( H? A? CBHB88 C B A HB C & A H' C &> H' AH BB? B >A H B A> HH >8 8 5 HHF HB C >? D D D C >? F B A C &F H?' C &>D ' DFF 8 ?H C 8 >F C H >?E C BA8 C >F > , , , B H8 >?E FA A EAA &B F >' BD? 5 I , , , FFB B> C B 8 >HD C B 8 HB C >E C D ?> BEE BE8 C B HH C B > C D C >F 1 6 ,G BF H > D B ? E> AB 5 I1 6 BDH BDD C >? E C B AH C EF C B? G , B A ?F B E CE ABB C D ? B ?F C &F E B ' C DA8 G ,& / ' &A 8 ' &B ? ' 5 B A ?F B E CE ABB C D ? B ?F C& BF' C E A / * ) ! 1 8 D ??? E ??? >?? >??F , 9; < / / & /'K * 1 6 F ) . 1 6 . /. 1 6 F Appendix 6 of 14
  • 42. AUTOMOTIVE SECTOR 2007 SECOND QUARTER MARKET RESULTS Second Quarter First Six Months B / (W) B / (W) U.S. Absolute 2006 Absolute 2006 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. Europe Industry SAAR (Mils.) 17.9 (0.1) 17.9 0.1 Market 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 Regions Ford 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) # ) , , , BH N # # N # # * N # Appendix 7 of 14
  • 43. AUTOMOTIVE SECTOR COSTS AND EXPENSES Second Quarter 2007 B / (W) 2006 2007 2006 (Mils.) (Mils.) (Mils.) 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
  • 44. AUTOMOTIVE SECTOR GROSS CASH RECONCILIATION TO GAAP + E ? >?? 1 K - ,EB + E? % I &J ' + E? 1 EB >??F >?? - , E B >??F >??F >?? &% ,' &% ,' &% ,' &% ,' &% ,' ! ! quot; C B F ,? C B ,B C B ,B CBD, CB8, 1 # B B ,E BE, >,D A ,H B F ,A 2 8 ,E D ,F &?, ' ? ?, 5 ! I1 # , 2 C E >,F C E 8 ,D C >,A C >E ,F C E E ,> / 5 &?,8 ' &?,E ' ?,> &?,>' 5 $ % B ,A >,E ?,8 >,> ! C E E ,H C E ,D C E ,8 C >E ,F C E 8 ,> Appendix 9 of 14
  • 45. AUTOMOTIVE SECTOR GAAP RECONCILIATION OF OPERATING-RELATED CASH FLOWS >?? ) % I &J ' 1 0 5 >??F >?? &% ,' &% ,' &% ,' ! ) * G ! G C B ,E C &D ,F ' C >,A / / G ; ! ) * – ! &B ,E ' ?,E &>,F ' – ( 5 % * ) ?,B ?,8 &?,D ' / ( / G ; ! ) * – ! / + % # % = ?,D ?,B B, – ( & 'I 5 ?, E ,A B ,8 – ! ?,D ?,> B ,> – $ % ! ) * M( ; % &?,E ' B ,B &?,E ' – 5 ; 5 ? ? &>,?' – G ?,8 ?,> B ,? G ; ! ) * C B ,A C B ,F C >,H Appendix 10 of 14
  • 46. FINANCIAL SERVICES SECTOR FORD CREDIT RESULTS AND METRICS -- 2007 SECOND QUARTER Pre-Tax Profits (Mils.) Key Metrics* 0 $(323) ; &% ,' >??F >?? G % CBEF CBD? 6 G % B8 H $435 1 CB8B CBDH ! G &1 ,' G % C AE C B >8 1 B ?> BEH 2 ; ; G % ?,>8 @ ?,E F @ 1 L , ,; 2 ?,E ? ?,8 B J * 5 ?,> ?,E A * , ! 2 J * &% ,' C B ,D C B ,? $112 ,G G ; ?,HH@ ?, >@ 2 &5 B' ) B B ,D B B ,B 1 B B ,8 B ?,F - &% ,' C ?,D C ? 2nd Qtr. 2nd Qtr. 2006 2007 ( / &1 ,' C E ?D C F> ;G B ?,D @ >,>@ 5 , ) BEE &1 ,' C FF C D >A 1 # N Appendix 11 of 14
  • 47. FORD CREDIT KEY METRIC DEFINITIONS / ) ! . ) ! * * * , / 6 * K 1 ; ) ! . ) ! 6 ; ) ! * &, , * ) ! # ' ! 1 ; * ) ! . * ) ! 6 / G % 6 & * ' ) ! S 6 quot; , 5 6 ) ! ) ! S , - ) ! S 6 6 Appendix 12 of 14
  • 48. FINANCIAL SERVICES SECTOR FORD CREDIT RATIO DEFINITIONS / ) ! . ) ! * * * K ! 2 ; ; = ; 2 K 5 - ) 2 = quot; ; / 6 6 ! ! G % G % quot; = 1 # N 5 - + ; - ; - -: 1 2 = quot; + 1 - N / : * # Appendix 13 of 14
  • 49. FINANCIAL SERVICES SECTOR FORD CREDIT RECONCILIATIONS OF MANAGED LEVERAGE TO FINANCIAL STATEMENT LEVERAGE + E? + E? >??F >?? 2 ! &% ,' &% ,' 5 - C B E E ,> CBE , 6 G % ; G B D ,F H,E ; / 6 G % ; &B ,B ' &?,H' N ! ! quot; 1 # &B F ,?' &B F , ' N : &?,>' ? 5 N - C B E ?,8 C B >H,D 5 # . quot; & , ' C BB, C B >,D N : &?,D ' &?,>' 5 N quot; C B B ,E C B >,> 1 2 & B' B B ,8 B ?,F ) 2 & B' B B ,D B B ,B / C 8 D ,A C F E ,D + E ? >??F + E ? >?? # ) ! # Appendix 14 of 14