2023 Outlook and Advancing The Ford Plan: Electrification

Q4 Cash Flow, Cash Balance And Liquidity (SB) • Q4 Adjusted FCF of $2.4B, driven by automotive EBIT Strong cash and liquidity available to invest in growth SECRET $7.8 $2.3 Adjusted Free Cash Flow $(0.6) Cash Balance & Liquidity Ford Liquidity $52.4 $49.2 $47.4 $45.1 $44.6 $48.0 $3.6 $3.6 $36.5 $2.4 $31.5 $32.0 $32.3 Rivian $28.8 $28.7 Rivian $10.6* $0.8 Rivian $0.2* Rivian $5.1 Rivian $2.0 $25.9 $32.1 $31.2 $23.6 $26.8 Q3 Q4 Q1 Q2 Q3 Q4 bo Q3 Q4 Q1 Q2 Q3 60 Q4 Ford Credit 2021 2022 Cash 2021 2022 Distributions Net of Incl. Above $1.5 $1.0 $1.0 $0.6 $0.5 $ - Debt $5.9 $16.1 $8.7 $9.4 $11.8 $12.3 * At December 31, 2021 and December 31, 2022, Rivian common shares were valued at $103.69 and $18.43, respectively, per share. Our investment is marked to market on a recurring basis and gains and losses could be material in any period. In the fourth quarter of 2022, we sold 14.3 million of our Rivian common shares 10

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