Ford Investor Conference Presentation Deck
Company
Adjusted ROIC ($B)
Adjusted Net Operating Profit / (Loss) After Cash Tax
Net income / (loss) attributable to Ford
Add: Non-controlling interest
Less: Income tax
Add: Cash tax
Less: Interest on debt
Less: Total pension / OPEB income / (cost)
Add: Pension / OPEB service costs
Net operating profit / (loss) after cash tax
Less: Special items (excl. pension / OPEB) pre-tax
Adj. net operating profit / (loss) after cash tax
Invested Capital
Equity
Debt (excl. Ford Credit)
Net pension and OPEB liability
Invested capital (end of period)
Average invested capital
ROIC (a)
Adjusted ROIC (Non-GAAP) (b)
$
GA
$
$
Four Quarters
Ending Q2 2022
11.7
0.0
1.6
(0.7)
(1.5)
4.5
(1.0)
5.4
(3.0)
8.3
44.2
19.4
5.2
68.8
72.0
7.4 %
11.6 %
$
GA
GA
$
$
Four Quarters
Ending Q2 2023
4.1
(0.2)
(0.5)
(1.0)
(1.3)
(0.6)
(0.7)
4.5
(5.1)
9.6
43.6
19.6
4.6
67.8
67.6
6.7 %
14.2 %
a.
b.
Ford
Calculated as the sum of
net operating profit / (loss)
after cash tax from the
last four quarters, divided
by the average invested
capital over the last four
quarters
Calculated as the sum of
adjusted net operating
profit/ (loss) after cash
tax from the last four
quarters, divided by the
average invested capital
over the last four quarters
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