Ford Mtr Co Del · NYSE:F
Ford Mtr Co Del — Ford Motor Company — Corporate Update (October 2023)
15 slides from Ford Mtr Co Del's corporate update, Oct 12, 2023
Slide 1: Implications of the Strike at Kentucky Truck Plant
Implications of the Strike at Kentucky Truck Plant
Slide 2: Presenters
Kumar Galhotra Ted Cannis Bryce Currie President, Ford Blue CEO, Ford Pro and Ford Vice President, Americas Customer Service Division Manufacturing, Ford Blue Liz Door Rhett Ricart Chief Supply Chain Officer CEO, Ricart Automotive
Slide 3: Home of Super Duty, Expedition, Navigator
o ke ha = 4 his. <> Home of SUPER DUTY . EXPEDITION - NAVIGATOR Kentucky Truck Plant
Slide 4: Record Contract, Strong Future
Record Contract, Strong Future Details behind Ford’s record offer for 57,000 UAW-Ford employees ALL EMPLOYEES TEMPORARY EMPLOYEES ü JOB SECURITY: Product commitments for every UAW plant in America; no job loss due to EV battery plants ü PAY RAISE: $21 per hour – a 26% increase ü PROFIT SHARING: Incl
Slide 5: Strike aftershocks
Strike aftershocks Commercial customers Economic contributions Small business Related customers jobs Kentucky Retail customers Truck Dealers Plant Employee Supplier layoffs layoffs Employee Supplier profit sharing stability
Slide 6: If KTP were a standalone business… Revenue
If KTP were a standalone business… 30 $25B $24B 20 $21B $16B Revenue 10 0 Kentucky Truck Plant Southwest Airlines Marriott International Nordstrom Source: Revenues for other companies from their respective full-year 2022 company filings
Slide 7: Super Duty pickup and chassis cab leadership
Super Duty pickup and chassis cab leadership Top industries that rely on heavy-duty trucks choose Ford Super Duty over any competitor 62% 61% 60% Utility Mining Emergency vehicles 48% 47% 47% Construction Forestry Services Based on S&P Global Mobility January 2018-December 2022 (5-year average) US T
Slide 8: Cumulative Pre-Tax Income
Employees impacted by strike lose two-thirds of wages each week $6,000 $6,000 Working employees $5,000 Cumulative Pre-Tax Income $4,000 Wage loss varies based on timing of strike-related layoffs $3,000 $2,000 $2,000 Employees on strike or laid off $1,000 since Sept. 15 $- Sept. 15 Sept. 22 Sept. 29
Slide 9: UAW strike consequences
UAW strike consequences Plants on strike Strike-related layoffs Total impacted Michigan Michigan Chicago Assembly Assembly Stamping Plant Plant Plant 3,300 employees 600 employees 243 employees Chicago Assembly Lima Livonia Plant Engine Plant Transmission Plant 4,600 employees 184 employees 391 empl
Slide 10: 13 plants are interconnected with Kentucky Truck
13 plants are interconnected with Kentucky Truck Rawsonville Components Plant Sterling Axel Plant Dearborn Diversified Manufacturing Plant Chihuahua Ohio Assembly Plant Engine Plant Cleveland Engine Plant Windsor Engine Plant Kentucky Sharonville Transmission Plant Truck Plant MAP Integrated Stampin
Slide 11: Approx. 30% of suppliers have made some layoffs due to the UAW strike
Approx. 30% of suppliers have made some layoffs due to the UAW strike Suppliers that already made 30% 30% And many more suppliers are expected to layoffs due to make additional UAW strike layoffs soon Source: MEMA survey of Ford, GM and Stellantis vehicle suppliers
Slide 12: Super Duty represents more than 10% of sales for Ford dealers
Super Duty represents more than 10% of sales for Ford dealers Sales figures reflect the first nine months of 2023
Slide 13: Q&A
Q&A
Slide 14: Cautionary Note on Forward-Looking Statements
Cautionary Note on Forward-Looking Statements Statements included or incorporated by reference herein may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on expectations, forecasts, and assumptio
Slide 15: Gord
Gord