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Our three-pillar strategy tructure S Competitive ost C Great Profitable GROWING rowth G Cost Products + + Growth our core business Structure reat Products ompetitive Profitable Profitable G EXPANDING C globally Net Sales and Revenues Net Income Attributable to Navistar Diluted Earnings (Loss) Per Share Manufacturing Segment Profit In millions of dollars International Corporation In millions In millions of dollars (unaudited)4 $15,000 $300 $4.50 $900 IC BUS MN25 $12,000 $200 $3.00 $720 powered by MaxxForce powered by 2010 Annual Report to Shareholders MaxxForce $9,000 $100 $1.50 $540 $6,000 $0 $0 $360 Navistar International Corporation 4201 Winfield Road Warrenville, IL 60555 $3,000 $(100) $(1.50) $180 www.navistar.com $0 $(200) $(3.00) $0 07 08 09 10 07 08 09 10 07 08 09 10 07 08 09 10 TErrasTAR Financial Summary powered by In millions of dollars (except per share data) 2007 20081 20092 20103 MaxxForce Net Sales and Revenues $12,295 $14,724 $11,569 $12,145 Net Income (Loss) Attributable to Navistar International Corporation $(120) $134 $320 $223 Diluted Earnings (Loss) Per Share $(1.70) $1.82 $4.46 $3.05 Manufacturing Segment Profit (Unaudited & Non-GAAP)4 $462 $ 693 $836 $741 1Excluding impairment of property and equipment and related charges of $395 million and the related tax expense of $1 million, fiscal 2008 net income would have totaled $528 million, or $7.21 of diluted earnings per share. 2Excluding the Ford settlement of $160 million and the related tax expense of $3 million, impairment of property and equipment of $31 million related to the idling of manufacturing facilities, and an $11 million write-off of debt issuance costs related to the company’s refinancing, fiscal 2009 net income would have totaled $205 million, or $2.86 of diluted earnings per share. 3 PROSTar Includes benefit of $27 million related to Ford settlement. powered by 4The manufacturing segment collectively represents the company’s truck, engine and parts segments. MaxxForce Stock Performance 2006 2007 2008 2009 2010 $250 $200 Navistar 100.76 228.92 109.45 120.42 175.07 $150 S&P 500 116.34 133.28 85.17 93.52 108.97 $100 S&P Construction & Farm 127.09 186.91 90.16 124.72 197.56 $50 06 07 08 09 10 – Navistar – S&P 500 – S&P 500 Construction & Farm Machinery & Heavy Trucks Index CONTROLLING OUR DESTINY AND LEVERAGING OUR ASSETS This graph shows the yearly percentage change in the cumulative total shareowner return on Navistar Common Stock during the last five fiscal years ended October 31. The graph also shows the cumulative total returns of the S&P 500 Index and the S&P Construction & Farm Index. The comparison assumes $100 was invested on October 31, 2005, in Navistar Common Stock and in each of the indices shown E Printed on recycled paper and assumes reinvestment of dividends. Source: Standard & Poor’s Compustat 2010 Annual Report to Shareholders BOARD OF DIRECTORS Michael N. Hammes William H. Osborne Daniel C. Ustian Lead Director, Retired Chairman and Chief Former President & CEO of Federal Chairman, President and Chief Executive Officer of Sunrise Medical Inc., Signal Corporation, a manufacturer and Expanding Product Lineup Leverages Our Assets, Positions Us for Growth Executive Officer of Navistar a designer, manufacturer and marketer marketer of fire, safety and municipal International Corporation of home medical equipment worldwide infrastructure equipment Committee: 1 Committees: 1, 2, 3 (Chair), 4 (Chair) Committee: 4 2007 2011 Eugenio Clariond David D. Harrison Dennis D. Williams Retired Chairman and Chief Executive Retired Executive Vice President and Secretary, Treasurer and Director of Agricultural Officer of Group IMSA, S.A., a producer Chief Financial Officer of Pentair, Inc., Implement and Transnational Departments, of steel, plastic, aluminum and other a global manufacturing company United Auto Workers, an international union related products Committees: 2, 5 Committee: 4 Common Platform Common Platform Global Powertrain Committees: 3, 4 James H. Keyes COMMITTEES: John D. Correnti Retired Chairman of the Board of 1. Executive Chairman and Chief Executive Officer of Johnson Controls, Inc., an automotive 2. Compensation Steel Development Company, LLC, a steel system and facility management and 3. Nominating and Governance mill operational and development company control company 4. Finance Committees: 2 (Chair), 3, 5 Committees: 1, 2, 3, 5 (Chair) 5. Audit Diane H. Gulyas Steven J. Klinger President of Performance Polymers, which President and Chief Operating Officer contains three business units—engineering of Smurfit-Stone Container Corporation, WorkStar DuraStar 9900 DuraStar ProStar+ Vesta MN25 polymers, elastomers and films—E.I. duPont a global paperboard and paper-based 4.8L 7.2L de Nemours & Company, a science- packaging company based products and services company Committees: 2, 5 Committee: 4 SHAREHOLDER INFORMATION SEC Filings Stock Trading Information Annual Meeting Filings with the U.S. Securities and Navistar International Corporation is The annual meeting of shareholders Exchange Commission, including listed on the New York Stock Exchange. WorkStar LoneStar Continental Mixer 9900 will be held at 11:00 a.m. Central time the latest 10-K and proxy statement, Ticker Symbol: NAV Tuesday, February 15, 2011, at: are available on our Website at http://ir.navistar.com/ Independent Auditor School Bus TranStar 9200/9400 9.3L Hilton Chicago KPMG LLP 720 South Michigan Avenue Transfer Agent 303 East Wacker Drive Chicago, IL 60603 For inquiries regarding name changes, Chicago, IL 60601 7 DT & 10 USA changes of address or missing Engines certificates, please contact our Corporate Headquarters Investor Relations shareholder service provider: Navistar International Corporation For information about shareholder BNY Mellon Shareowner Services 4201 Winfield Road 7 Purchased Engines matters, please contact the investor P.O. Box 3315 Warrenville, IL 60555 School Bus TranStar eStar ATX-6 relations team: South Hackensack, NJ 07606-1915 Telephone: (630) 753-5000 Website: http://ir.navistar.com/ 480 Washington Blvd. Telephone: (630) 753-2143 Jersey City, NJ 07310 Email: [email protected] Telephone: (888) 884-9359 REG G GAAP RECONCILIATION FY 2007 FY 2008 FY 2009 FY 2010 11 & 13 15 ($ Millions except per share data) Manufacturing segment profit* (excluding items listed below) $462 $1,088 $707 $741 Ford settlement net of related charges - (37) 160 - Impairment of property, plant and equipment - (358) (31) - DT & 10 MaxxPro MXT 9200/9400 Manufacturing Segment Profit* 462 693 836 741 Corporate items (excluding items listed below) (435) (322) (418) (450) Cummins ISX Write-off debt issuance cost (31) - (11) - Total Corporate Items (466) (322) (429) (450) Interest Expense, Corporate (196) (156) (90) (140) Financial Services profit (loss) 127 (24) 40 95 Subtotal–below the line (535) (502) (479) (495) Income (loss) excluding income tax (73) 191 357 246 Income tax expense (47) (57) (37) (23) Net Income (loss) attributable to Navistar International Corporation (120) 134 320 223 Diluted earnings per share attributable to Navistar International Corporation (excluding items listed below) (1.27) 7.21 2.86 3.05 7000 Series TerraStar PayStar Ford settlement net of related charges - (0.50) 2.19 - Impairment of property, plant and equipment - (4.89) (0.43) - Write-off debt issuance cost (0.43) - (0.16) - Diluted earnings (loss) per share ($’s) attributable to Navistar International Corporation (1.70) 1.82 4.46 3.05 Weighted average shares outstanding: diluted (millions) 70.3 73.2 71.8 73.2 * Includes: non-controlling interest in net income of subsidiaries net of tax; extraordinary gain net of tax CAT C15 The financial measures presented above are unaudited non-GAAP. This is not in accordance with, or an alternative for, U.S. generally accepted accounting principles (GAAP). The non-GAAP financial information presented herein should be considered supplemental to, and not as a substitute for, or superior to, financial measures calculated in accordance with GAAP. However, we believe that non-GAAP reporting, giving effect to the adjustments shown in the reconciliation above, provides meaningful information and therefore we use it to supplement our GAAP reporting by identifying items that may not be related to the core manufacturing business. Management often uses this information to assess and measure the performance of our operating segments. We have chosen to provide this supplemental information to investors, analysts and other interested parties to enable them to perform additional analyses of operating results, to illustrate the results of operations giving effect to the non-GAAP adjustments shown in the above reconciliations, and to provide an additional measure of performance. FORWARD-LOOKING STATEMENTS 7000-MV AC Bus DuraStar Hybrid Information provided and statements contained in this report that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (“Securities Act”), Section 21E of the Securities Exchange Act of 1934, as amended (“Exchange Act”), and the Private Securities Litigation Reform Act of 1995. Such forward-looking statements only speak as of the date of this report and the Company assumes no obligation to update the information included in this report. Such forward-looking statements include information concerning our possible or assumed future results of operations, including descriptions of our business strategy. These statements often include words such as “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate,” or similar expressions. These statements are not guarantees of performance or results and they involve risks, uncertainties, and assumptions. For a further description of these factors, see Item 1A. Risk Factors of our Form 10-K for the fiscal year ended October 31, 2009, which was filed on December 21, 2009. Although we believe that these forward-looking statements are based on reasonable assumptions, there are many factors that could affect our actual financial results or results of operations and could cause actual results to differ materially from those in the forward-looking statements.
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