Ford Mtr Co Del · NYSE:F
Ford Mtr Co Del — Ford Motor Company — Ford Pension and OPEB Update conference call (January 2016)
14 slides from Ford Mtr Co Del's conference presentation, Jan 7, 2016
Slide 1: Pension and OPEB Update
Go Further PENSION AND OPEB UPDATE JANUARY 7, 2016
Slide 2: Pension De-Risking Progress
PENSION DE-RISKING PROGRESS Limited the growth in pension obligations – Closed plans to new entrants, e.g., U.S. plans closed since 2011 – Settled $4.2 billion of U.S. obligation in 2012 and 2013 through lump sum program Contributed $11 billion since 2012 to global funded plans; expect these plans t
Slide 3: Mark-To-Market Adoption and Reporting Effects
MARK-TO-MARKET ADOPTION AND REPORTING EFFECTS Provides greater transparency of our operating performance and segment results – eliminates costs associated with prior periods Improves alignment of operating results with cash flows; reflects current performance of our pension and OPEB plans in net inc
Slide 4: Pension and OPEB Expense
PENSION AND OPEB EXPENSE New Method Estimated Impact to 2015 Pre-Tax Operating Results (Bils.) Methods B / (W) Prior New Than Prior Pension / OPEB Service cost $ (1.2) $ (1.2) $ - Interest Cost (3.0) (3.0) - Amortization - Prior Period Gains / (Losses) (1.4) - 1.4 A Amortization - Prior Service Cost
Slide 5: Greater Transparency of Operating Results
GREATER TRANSPARENCY OF OPERATING RESULTS Company Pre-tax Results *(Mils) Automotive Operating Margin* $10,095 $9,334 $8,865 7.1% $8,190 6.5% $7,293 5.9% 6.0% 4.6% First Nine Months First Nine Months 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 B / (W) Than Reported Mils: $606 $981 $1,487 $1,01
Slide 6: Improved Comparability
IMPROVED COMPARABILITY Amortization Expense 2010 - 2014 (Mils)* Ford (Prior Method) GM (Post Bankruptcy) $1,499 Chrysler / FCA U.S. LLC (Post Bankruptcy) $966 $891 $589 $330 $318 $127 $101 $21 $13 $305 $95 $71 $6 $6 2010 2011 2012 2013 2014 * Gain / (Loss) Amortization from Annual Form 10-K reports
Slide 7: 2015 Planning Assumptions and Key Metrics
2015 PLANNING ASSUMPTIONS AND KEY METRICS 2014 FY 2015 FY Outlook Results* Prior Updated Planning Assumptions (Mils) Industry Volume - U.S. 16.8 About 17.7 - Europe 20 14.6 About 16.0 - China 24.0 About 24.0 Key Metrics Automotive: - Revenue (Bils) $ 135.8 Higher** - Operating Margin 4.6 % Higher**
Slide 8: Q&A
Q&A
Slide 9: Risk Factors
RISK FACTORS 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 assumptions by our management and involve
Slide 10: Appendix
APPENDIX
Slide 11: Appendix Index
PENSION AND OPEB UPDATE APPENDIX INDEX Item Appendix 2011 - 2015 Revised Results A 2014 - 2015 Revised Results By Quarter B 2011 - 2015 Pre-Tax Special Items C
Slide 12: 2011-2015 Revised Results
TOTAL COMPANY 2011 – 2015 REVISED RESULTS (MILS) Year End First Nine Months 2011 2012 2013 2014 2015 B/(W) B/(W) B/(W) B/(W) B/(W) Than Than Than Than Than Pre-Tax Results Revised Reported Revised Reported Revised Reported Revised Reported Revised Reported North America $ 6,665 $ 509 $ 8,925 $ 800 $
Slide 13: 2014-2015 Revised Results by Quarter
TOTAL COMPANY 2014 – 2015 REVISED RESULTS BY QUARTER (MILS) 2014 2015 Q1 Q2 Q3 Q4 Q1 Q2 Q3 B/(W) B/(W) B/(W) B/(W) B/(W) B/(W) B/(W) Than Than Than Than Than Than Than Pre-Tax Results Revised Reported Revised Reported Revised Reported Revised Reported Revised Reported Revised Reported Revised Report
Slide 14: 2011-2015 Pre-Tax Special Items
TOTAL COMPANY 2011 – 2015 PRE-TAX SPECIAL ITEMS (MILS) Full Year First Nine Months 2011 2012 2013 2014 2015 B/(W) B/(W) B/(W) B/(W) B/(W) Than Than Than Than Than Revised Reported Revised Reported Revised Reported Revised Reported Revised Reported Pension and OPEB Remeasurements $ (5,674) $ (5,674)
Ford Motor Company — Ford Pension and OPEB Update conference call (January 2016) on 6ix