Ford Results 3Q23 Earnings

Ford Credit A strategic asset and competitive advantage + EBT down, in line with expectations, reflecting lower lease residual performance, the non-recurrence of derivative market valuation gains, lower financing margin and higher credit losses + Lower financing margin due to higher borrowing costs + Credit losses remain below historical average, but normalizing + Auction values remain strong, but expect industry decline as supply of new vehicles improves Auction Values* (Per Unit) $32,515 $32,010 11 $25,330 EBT ($B) $30,150 * U.S. 36-month off-lease auction values at Q3 2023 mix $1.1 $1.1 11 Q3 '20 Q3 '21 Q3 '22 Q4 '22 Q1 '23 Q2 '23 Q3 '23 $0.6 $31,150 $0.2 $32,250 $0.3 $30,250 $0.4 $0.4 Q3 '20 Q3 '21 Q3 '22 Q4 '22 Q1 '23 Q2 '23 Q3 '23 U.S. Retail Loss-to-Receivables ("LTR") Ratio (%) 0.30% 0.00% $0.6 Q3 EBT YOY ($B) 10.18% $0.1 Q3 '22 Vol. / Mix 0.25% Q3 '20 Q3 '21 Q3 '22 Q4 '22 Q1 '23 Q2 '23 Q3 '23 $(0.1) 0.35% $(0.0) 0.21% $(0.1) $(0.1) 2017-2019: 0.56% 0.38% $0.4 Ford Fin Credit Lease Other Q3 '23 Margin Loss Residual 22

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