U.S. Floorplan Risk Management

U.S. Floorplan Portfolio Performance 2018 2017 Year ended December 31, 2016 2015 2014 (Dollars in Millions) Average principal balance* $23,250 $22,519 $22,312 $19,261 $19,072 Net losses (recoveries)** $46.9 $(0.9) $0.9 ($0.7) ($1.5) Ford Credit Portfolio Net losses (recoveries)/average principal balance 0.202% (0.004)% 0.004% (0.004)% (0.008)% Liquidations*** $116,325 $114,264 $109,982 $108,187 $97,427 Net losses (recoveries)/liquidations 0.040% (0.001)% 0.001% (0.001)% (0.002)% * ** *** Average principal balance is the average of the principal balances of the receivables at the beginning of each month in the period indicated Net losses in any period are gross losses, including actual losses and estimated losses, less any recoveries, including actual recoveries and reductions in the amount of estimated losses, in each case, for the period. This loss experience takes into account financial assistance provided by Ford to dealers in limited instances. If Ford does not provide this assistance in the future, the loss experience of Ford Credit's dealer floorplan portfolio may be adversely affected. This loss experience also reflects recoveries from dealer assets other than the financed vehicles. However, because the interest of the trust in any other dealer assets will be subordinated to Ford Credit's interest in those assets, the net losses experienced by the trust may be higher Liquidations represent payments and net losses that reduce the principal balance of the receivables for the period indicated 105 Ford FORD CREDIT

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