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Q1 2021 Earnings ReviewApril 28, 2021Note: See slide A15 for related notes

Information Regarding This PresentationFORWARD-LOOKING STATEMENTSThis presentation includes forward-looking statements. Forward-looking statements are based on expectations, forecasts, and assumptions by our management andinvolve 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 ourAnnual Report on Form 10-K for the year ended December 31, 2020, as updated by subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K.GAAP AND NON-GAAP FINANCIAL MEASURESThis 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 financialmeasures are defined and reconciled to the most comparable GAAP financial measures in the Appendix to this presentation.ADDITIONAL INFORMATIONCalculated results may not sum due to rounding. N / M denotes “Not Meaningful.” All variances are year-over-year unless otherwise noted.REPORTING CHANGESEffective with 2021 reporting, certain costs for the benefit of the global enterprise previously reported in Automotive are now reported in Corporate Other, and costsand benefits related to connectivity previously reported in Mobility are now reported in Automotive. Prior period results have been updated to be consistent with 2021reporting. For details, see Slides A12 - A14 of the Ford Motor Company Q4 & Full Year 2020 Earnings Presentation.In addition, consistent with our adoption of ASU 2019-12 as of January 1, 2021, we no longer allocate a portion of our consolidated U.S. current and deferred taxexpense to certain U.S. subsidiaries. As a result, Ford Credit’s income tax expense is reduced, and since this ASU was adopted on a retrospective basis, 875M oftax sharing payments from Ford Credit to Ford Motor Company in 2020 are now reclassified as distributions from Ford Credit and included in Adjusted Free Cash Flow.2

The PlanTo Stay in the Game We Must:Turn around automotive operations, compete like a challengerTreat customers like familyCreate must-have products and servicesSimplify everythingModernize everywhereCare for each otherTo Grow and Win We Will:Capitalize on our strengthsDisrupt ourselvesPartner for expertise and efficiencyLead the electrification revolution in areas of strength3

First Quarter HighlightsTurn Around Automotive Adjusted EBIT of 4.8B and a margin of 13.3% (10.8% excluding gain on Rivian), despite significantdisruption of semiconductor supply chain; North America EBIT margin of 12.8%, Europe 4.8% Overseas operations delivered EBIT of 0.5B, an improvement of 1.0B year over yearMust-Have ProductsAnd ServicesElectrification Revolution All-electric Mustang Mach-E on sale in NA and Europe; China accepting preorders for locally-built vehicles Continue to build-out connected services, including Ford Telematics, FORDLiive and BlueCruise 1B investment in new electric vehicle manufacturing center in Cologne, Germany Ford European passenger vehicles completely all-electric by 20304

First Quarter Financial ResultsAdj. FCFRevenueAdj. EBITAdj. EBIT MarginAdj. EPS (0.4)B 36.2B 4.8B13.3% 0.89Up 1.8BUp 1.9BUp 5.4BUp 15.1 pptsUp 1.12Lincoln Vehicles5

The Plan: Must-Have Products And ServicesBronco High reservation-to-order conversion ratewith 70% new customers to Ford Majority of orders for higher trim series(Outer Banks, Wildtrak, Badlands andFirst Edition) Expanding capacity to meet customerdemandNote: See slide A15 for related notesFord Telematics Announced Ford Telematics Essentials;utilizes connected vehicle data to givecustomers access to vehicle health insightssuch as diagnostic trouble codes, oil life,engine hours and recalls Will allow fleets to track and plan maintenanceand repair services with local dealersPro Power Onboard Available across the F-150 lineup, featuringmore exportable power than any light-dutyfull-size pickup, allowing the vehicle to beused as a mobile generator Dealers in Texas loaned F-150 pickups withPro Power Onboard to deliver power to manyof those impacted by the February poweroutages6

The Plan: Must-Have Products And ServicesMustang Mach-E All-electric Mustang Mach-E on sale inNorth America and Europe Charging network continues to grow with16,000 charging stations in NA and over174,000 in the EU Accepting preorders from China customersthrough direct sales network; local productionto begin later this year Announced China charging network withState Grid and NIO; first automaker to offer“plug-and-charge” convenience in ChinaNote: See slide A15 for related notesFORDLiive Launched FORDLiive in Europe, a connecteduptime system to help Ford commercialvehicle operators increase their productivityby maximizing vehicle uptime The system is available for all Ford connectedcommercial vehiclesBlueCruise BlueCruise allows hands-free highway drivingon more than 100,000 miles of prequalifiedsections of divided highways in North Americacalled Hands-Free Blue Zones Over-the-Air software updates will enableBlueCruise capability on F-150 and MustangMach-E vehicles later this year Over 500,000 miles of development testingcompleted; BlueCruise will give drivers thecomfort and confidence of hands-freehighway driving7

The Plan: LeadElectrificationRevolution Investing 1B in a new electric vehiclemanufacturing center in Cologne,Germany as part of 22B* electrificationinvestment Ford’s first European-built, volumeall-electric passenger vehicle for Europeancustomers will be assembled in Colognestarting in 2023 By mid-2026, all Ford European passengervehicles will be plug-in hybrid orall-electric; completely all-electric by 2030 By 2024, all Ford European commercialvehicles will be zero-emission capable.By 2030, two-thirds of commercial vehiclesexpected to be all-electric or plug-in hybrid* 2016 - 20258

Cash Flow,Cash BalanceAnd Liquidity ( B)A djusted Free Cash FlowCa sh B alance & L iquidityLiquidity 6.6 45.5 Q1 Adjusted FCF of (0.4)Bdriven by:‒ Adverse timing differencesbetween accrual-based EBIT andcash flows, primarily for customerallowances‒ Higher inventory as a result of theglobal semiconductor shortage 46.9 47.2 30.8 31.3Q4Q1 39.8 1.9 35.4 0.5 35.1 39.3 34.3 29.5 (0.4) (2.2) Ended Q1 with a cash balance of 31.3B and ample liquidity of 47.2B 22.3 (4.8)Q42019Q1Q2Q32020Q4Q1Q420212019Q1Q2Q3202020219

Revenue AndEBIT MetricsWholesale Units ( 000) &R evenue ( B) Q1 wholesale units down 6%, drivenby the global semiconductorshortageA djusted E BIT ( B) &E BIT Margin ( %)Wholesale Units 4.8 39.7 Revenue up 6%, driven by highernet pricing, favorable mix andstronger currencies, offset partially bylower volume 37.5 34.3 36.0 36.2 3.61,3541,126 Adjusted EBIT of 4.8B, up 5.4B,driven by:– Higher net pricing 19.41,178 1.71,238 0.51,062645 (0.6)– Higher Ford Credit EBT (1.9)– Investment gain of 0.9B basedon Rivian’s January Series Ffunding roundQ4Q12019Q2Q3Q42020– Lower structural costs Adjusted EBIT Margin of 13.3%,up 15.1 ppts; 10.8% excludingRivian gainQ1Q420212019Adj. EBIT MarginYoY:Revenue(5)%(15)%(50)%1%(9)%6%Wholesale Units (8)%(21)%(53)%(5)%(9)%(6)%YoY:Adj. EBIT1.2%(67)%Adj. Margin (2.3) pptsQ1Q2Q3Q42020(1.8)%(10.0)%(126)%N/M(7.9) ppts (14.3) ppts9.7%Q120214.8%13.3%103%N /MN /M4.9 ppts3.6 ppts15.1 ppts10

Q1 2021 Results( B) 4.8 3.4 Company Adjusted EBIT of 4.8B,up 5.4B, driven by improvement inAutomotive, Ford Credit andCorporate Other 3.3 1.0 Corporate Other includes 0.9B gainon our investment in Rivian 0.6 (0.2) Special Items of (0.4)B reflectsprimarily global redesign actions inSouth America and EuropeB / (W)Q1 2020Q4 2020 (0.5) (0.4)AutomotiveMobilityFord CreditCorporateOtherCompanyAdj. EBITInterestOn DebtSpecialItems 3.62.1 0.10.1 0.90.1 0.90.8 5.43.1 (0.2)0.0 (0.1)4.6 (0.7)Taxes /Net Income /Non-Controlling(Loss)Interests(GAAP) 0.2(1.7) 5.36.111

Q1 2021 Adjusted EBIT ( B)Nor thAmericaQ1 2020YoY Change:Volume / MixSouthAmericaEuropeChinaTotalAutoIMGTotalCompany 0.4 (0.1) (0.1) (0.2) (0.0) (0.2) (0.6) (0.5) (0.1) (0.2) 0.0 (0.0) (0.8) (0.8)Net .80.8Exchange0.10.0(0.0)0.00.10.20.2JVs / Other0.10.00.10.20.00.40.4Total Automotive 2.6 0.0 0.5 0.2 0.2 3.6 3.6Mobility0.1Ford Credit0.9Corporate Other0.9Total ChangeQ1 2021 2.9 (0.1) 0.3 (0.0) 0.2 3.4 5.4 4.8IndustryShare / Stock / Mix 1.1(1.9)Material / FreightWarrantyCommoditiesStructuralPension / OPEB (0.1)0.4(0.1)0.40.2JVsOther 0.20.212

North AmericaWholesale Units (000)681Q1 Headlines Wholesales declined 14% YoY, driven by semiconductor supply constraints Revenue up 5%, reflecting strong customer demand for new product portfolio andhigher industry-wide net pricing on lower dealer inventories from semiconductorshortage EBIT of 2.9B, up 2.6B; EBIT margin 12.8% New product portfolio, including successful launch of F-150, Mach-E and Bronco Sport,aided profitable growth; 70% of Mustang Mach-E customers new to Ford Semiconductor shortage accelerating modernization of sales processes, transitioning tolean inventory sales model with higher turn rates and leveraging new customer orderingcapabilities Improved quality processes gaining traction; warranty expense down 0.4B533YoYQ4 2019Q1 2020Q2 2020Q3 2020Q4 2020Q1 2021(8)%(18)%(61)%2%(21)%(14)% 22.0 23.0Q4 2020Q1 2021Revenue ( B) 25.3 25.3 21.8 10.9Q4 2019Q1 2020Q2 2020Q3 2020(2)%(14)%(54)%8%Q1 Key Performance Indicators(13)%5%EBIT ( B) 3.2 0.7 U.S. retail average transaction price increased by 2,934 per unit YoY cost performance of 0.4B, driven by lower warranty expense540272YoY U.S. market share 13.1%, 1.3 ppts lower YoY. Quality of share improved, with retail up1 ppt to 9.9% and fleet share down, driven by lower rental sales651619 2.9 1.1 0.4 (0.9)Q4 2019EBIT YoY (64)%EBIT Margin 2.8%Q1 2020Q2 2020Q3 2020Q4 2020Q1 2021(83)%1.7%(156)%(8.6)%59%12.6%53%4.9%N/M12.8%13

South AmericaWholesale Units (000)74Q1 Headlines59 EBIT of (0.1)B, our best quarterly EBIT since Q3 2013; marks the sixth consecutivequarter of YoY EBIT improvement Significant restructuring of the business progressing as planned Accelerating transition to a lean, de-risked and asset-light business model focused onportfolio strengths with growth of Ranger pickup, Transit van and key imports48631814YoYQ4 2019Q1 2020Q2 2020Q3 2020Q4 2020Q1 2021(17)%(13)%(81)%(39)%(15)%(70)%Revenue ( B) 1.0 0.9 0.7 0.6 0.4 0.2YoYQ4 2019Q1 2020Q2 2020Q3 2020Q4 2020Q1 2021(22)%(21)%(75)%(39)%(10)%(40)%Q1 Key Performance IndicatorsEBIT ( B) Strong Ranger performance with Q1 segment share of 16.8%, up 2.3 ppts Structural costs down 33% YoY; achieved 0.8B annual structural cost reductionsince 2018 Headcount down 5% YoY (0.1) (0.1)Q3 2020Q4 2020 (0.1) (0.2) (0.2)Q4 2019 (0.1)Q1 2020Q2 2020Q1 2021EBIT YoY 12%28%19%34%40%35%EBIT Margin (18.2)% (15.4)% (68.1)% (17.0)% (12.2)% (16.7)%14