Q2 Earnings Review
July 30, 2020
Information Regarding This Presentation
Forward-Looking Statements
This presentation includes forward-looking statements. Forward-looking statements are based on expectations, forecasts, and assumptions by our management and involve a number of risks, uncertainties, and other factors that could cause actual results to differ materially from those stated. For a discussion of these risks, uncertainties, and other factors, please see the "Cautionary Note on Forward-Looking Statements" at the end of this presentation and "Item 1A. Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2019, as updated by subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K.
GAAP And Non-GAAP Financial Measures
This presentation includes financial measures calculated in accordance with Generally Accepted Accounting Principles ("GAAP") and non-GAAP financial measures. The non-GAAP financial measures are intended to be considered supplemental information to their comparable GAAP financial measures. The non-GAAP financial measures are defined and reconciled to the most comparable GAAP financial measures in the Appendix to this presentation.
Additional Information
Calculated results may not sum due to rounding. N / M denotes "Not Meaningful." All variances are year-over-year unless otherwise noted.
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Highlights
- Effectively restarted production with robust safety protocols, aggressively mitigated production losses and navigated a tenuous supply base
- Keenly focused on cost and cash
- Disciplined management of balance sheet and strong liquidity position, ensuring financial flexibility, particularly in these uncertain times
- Global Redesign and portfolio refresh actions yield measurable results
- Continued investment in AV, connectivity and electrification
- Ready for the production ramp-up of F-150, Mustang Mach-E and Bronco Sport in Q4, and Bronco in 2021 - with high quality
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Second Quarter Company Financial Results
ADJ. FCF | REVENUE | ADJ. EBIT | ADJ. EBIT | ADJ. EPS |
MARGIN | ||||
$(5.3)B | $19B | $(1.9)B | $(0.35) | |
(10.0)% | ||||
DOWN $5.5B | DOWN $19B | DOWN $3.6B | DOWN 14.3 ppts | DOWN $0.63 |
First Half
$(7.6)B | $54B | $(2.6)B | (4.8)% | $(0.59) |
DOWN $9.6B | DOWN $26B | DOWN $6.7B | DOWN 10 ppts | DOWN $1.31 |
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Disclaimer
Ford Motor Company published this content on 30 July 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 July 2020 20:15:04 UTC