Ford Investor Conference Presentation Deck

U.S. FLOORPLAN SECURITIZATION FORDF Program Modernization Term Make-Whole Call Option Yield Supplement Interest Series Paydown Summary of Enhancements to Ford Credit's Most Recent Floorplan Master Owner Trust Series (FORDF 2023-1) Historical • N/A • N/A • Series principal accumulation 6 full months prior to expect final payment • Accumulation can be delayed until 45 days prior to expected final payment Modernized • Notes are prepayable, subject to a make-whole • Make-whole option available after 1 year • Fixed rate senior notes make-whole: Class A-1: 0.15% • Fixed rate subordinate notes: Class B, C, & D: 0.25% • Floating notes make-whole: prevailing SOFR as of the Redemption Date • Flexible discount option at the series-level • A portion of principal can be re-classified as interest generating additional asset yield • Yield supplement mechanism is effectuated via an increase in the subordinated percentage, not to exceed 2.00% in aggregate • Ford Credit may make a bullet payment on the expected final payment date without prior accumulation • If the notes are not paid in full on the expected final payment date, the series will enter the required amortization period • A-1 Fixed Rate Note step-up is the related interest rate minus 0.01% A-2 Floating Rate Note step-up is the excess of the related interest rate over SOFR ● • Investors receive step-up interest if principal is outstanding after the expected final payment date until series is paid in full Rationale Ford • Provides Ford Credit flexibility to manage the outstanding debt amount and compensates investors in the event of an early redemption The fixed rate make-whole framework is consistent with the FORDR structure • Creates additional flexibility to address situations where asset yields may fall below ABS note coupons • Similar features found in Ford Credit's other ABS programs such as yield supplement overcollateralization (YSOC) in FORDO/FORDR • Feature is in addition to, not in place of, the existing cross-series interest sharing • Aligns with other revolving ABS programs including FORDR • Step-up coupons were added to address investor extension risk which provides additional protection historically not present in FORDF transactions • Provides operational and funding efficiency for Ford Credit 39

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