8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): December 20, 2013

NAVISTAR INTERNATIONAL CORPORATION

(Exact name of registrant as specified in its charter)

Delaware	1-9618	36-3359573
(State or other jurisdiction of incorporation or organization)	(Commission File No.)	(I.R.S. Employer Identification No.)
2701 Navistar Drive Lisle, Illinois		60532
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code (331) 332-5000

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

ITEM 2.02 RESULTS OF OPERATIONS AND FINANCIAL CONDITION

In accordance with General Instruction B.2. to Form 8-K, the following information shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such a filing.

The information regarding the results of operations and financial condition of Navistar International Corporation (the “Company”) responsive to this Item 2.02, and contained in Exhibit 99.1 filed herewith, is incorporated into this Item 2.02 by reference.

ITEM 7.01 REGULATION FD DISCLOSURE

In accordance with General Instruction B.2. to Form 8-K, the following information shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such a filing.

On December 20, 2013, the Company filed its Annual Report on Form 10-K for the period ended October 31, 2013 with the Securities and Exchange Commission. The Company’s press release announcing the filing is attached as Exhibit 99.1 to this Current Report and is incorporated by reference herein.

The Company, which is one of the largest combined commercial truck, school bus and mid-range diesel engine producers, will present via live web cast its fiscal 2013 fourth quarter financial results on Friday, December 20th. A live web cast is scheduled at approximately 9:00 AM Eastern. Speakers on the web cast will include: Troy Clarke, President and Chief Executive Officer; Jack Allen, Executive Vice President and Chief Operating Officer; Walter Borst, Executive Vice President and Chief Financial Officer; and other company leaders. A copy of the slides containing financial and operating information to be used as part of the web cast are attached as Exhibit 99.2 to this Current Report and are incorporated by reference herein.

The web cast can be accessed through a link on the investor relations page of Company’s web site at http://www.navistar.com/navistar/investors/webcasts. Investors are advised to log on to the website at least 15 minutes prior to the start of the web cast to allow sufficient time for downloading any necessary software. The web cast will be available for replay at the same address approximately three hours following its conclusion, and will remain available for a period of 10 days.

Navistar International Corporation (NYSE: NAV) is a holding company whose subsidiaries and affiliates produce International^® brand commercial and military trucks, MaxxForce^® brand diesel engines, and IC Bus™ brand school and commercial buses. The Company also provides truck and diesel engine service parts. Another affiliate offers financing services. Additional information is available at www.Navistar.com.

ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS

(d) Exhibits.

The following documents are filed herewith:

Exhibit No.	Description
99.1	Press Release.
99.2	Slide Presentation for Fourth Quarter 2013 Financial Results Web Cast to be held on December 20, 2013.

Forward Looking Statements

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, Section 21E of the Securities Exchange Act of 1934, as amended, 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 the risk factors set forth in our filings with the Securities and Exchange Commission, including our annual report on Form 10-K for the fiscal year ended October 31, 2013. 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. All future written and oral forward-looking statements by us or persons acting on our behalf are expressly qualified in their entirety by the cautionary statements contained or referred to above. Except for our ongoing obligations to disclose material information as required by the federal securities laws, we do not have any obligations or intention to release publicly any revisions to any forward-looking statements to reflect events or circumstances in the future or to reflect the occurrence of unanticipated events.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

NAVISTAR INTERNATIONAL CORPORATION (Registrant)
By:	/s/ Walter G. Borst
Name:	Walter G. Borst
Title:	Executive Vice President and Chief Financial Officer

Dated: December 20, 2013

EXHIBIT INDEX

Exhibit No.	Description
99.1	Press Release.
99.2	Slide Presentation for Fourth Quarter 2013 Financial Results Web Cast to be held on December 20, 2013.

EX-99.1

Exhibit 99.1

	Navistar International Corporation	P : 331-332-5000	W : navistar.com
	2701 Navistar Dr.
	Lisle, IL 60532 USA

Media Contact:	Steve Schrier, 331-332-2264
Investor Contact:	Heather Kos, 331-332-2406
Web site:	www.Navistar.com/newsroom

NAVISTAR REPORTS FOURTH QUARTER RESULTS

• Navistar reports net loss of $154 million on revenues of $2.8 billion

• Operational performance in targeted range

• Meets manufacturing cash guidance for fifth consecutive quarter

• Finishes year with $330 million in structural cost savings

• End-of-year order backlog up 26 percent versus fiscal year-end 2012

• Company unveils new reporting segments

LISLE, Ill. (December 20, 2013) – Navistar International Corporation (NYSE: NAV) today announced a fourth quarter 2013 net loss of $154 million, or $1.91 per diluted share, compared to a fourth quarter 2012 net loss of $2.8 billion, or $40.13 per diluted share.

Current quarter results include an income tax benefit of $220 million related to an intra-period tax allocation, a non-cash charge of $77 million related to a goodwill impairment in its North American operations and $152 million in additional pre-existing warranty reserves. Fourth quarter 2012 results included increased non-cash tax expense of $2 billion for the increase in deferred tax valuation allowance on U.S. deferred tax assets and $149 million in additional pre-existing warranty reserves.

Revenues in the quarter were $2.8 billion, down from $3.2 billion in the fourth quarter of 2012. The decrease reflects lower sales across all business segments, primarily due to weaker industry conditions and lower market share during the company’s emissions strategy transition. The company reduced its structural costs by $94 million in the quarter compared to fourth quarter 2012, and finished the full year with reduced structural costs of $330 million versus 2012.

Navistar achieved its fourth quarter cash guidance, finishing the quarter with approximately $1.52 billion in manufacturing cash and marketable securities, which included net proceeds of $196 million from the issuance of new senior subordinated convertible notes and an intercompany loan of $270 million in the quarter. Excluding these transactions, manufacturing cash would have been $1.06 billion, in line with its guidance of $1.0 billion to $1.1 billion.

“Operationally, we hit our plan this quarter, and we ended the year with an order backlog that is up 26 percent compared to this time last year. Those are just two examples of the continued progress we are making on our Drive to Deliver turnaround plan,” said Troy A. Clarke, Navistar’s president and chief executive officer. “During the quarter, we strengthened our cash position, continued to reduce structural costs, completed our on-highway Class 8 transition to SCR emissions technology, and progressed with our medium-duty product transition launches, resulting in 500 medium duty SCR trucks and buses built this month, as planned.

“Clearly, we are disappointed that our previous engine strategy continues to negatively impact us in the form of additional warranty expense, but we will continue to stand behind our products and manage this issue as these engines work their way through the standard and extended warranty cycles,” Clarke said. “We’re not letting it overshadow the strong progress we’ve made to fundamentally change Navistar’s operations and culture in 2013. We still have a lot of hard work ahead of us, but we are pleased to be entering 2014 in a much stronger position than we were one year ago.”

The net loss for fiscal year 2013 was $898 million, or $11.17 per diluted share, versus a net loss of $3 billion, or $43.56 per diluted share, for fiscal year 2012.

Summary Financial Results:

In connection with Navistar’s renewed focus on its primary markets, the company has changed its reporting segments in the fourth quarter. In addition to the Financial Services segment, new segment reporting will now be as follows:

• North America Truck – primarily consists of core products of Class 4 through 8 trucks, buses and military vehicles along with engine production for the North America markets, including sales in the U.S., Canada and Mexico.

• North America Parts – primarily consists of proprietary products needed to support International^® brand commercial and military trucks, IC Bus brand buses and MaxxForce engine lines. North America Parts also provides other standard truck, trailer and engine aftermarket parts. The segment also includes operating results of Blue Diamond Parts.

• Global Operations – primarily consists of MWM engine and truck operations in Brazil and export truck and parts businesses outside of the core North America markets.

Summary of Financial Results:

	Quarters Ended October 31,						Years Ended October 31,
(in millions, except per share data)	2013			2012			2013			2012
Sales and revenues, net	$	2,751		$	3,179		$	10,775		$	12,695
Segment Results:
North America Truck	$	(355	)	$	(396	)	$	(902	)	$	(736	)
North America Parts		147			103			476			343
Global Operations		(6	)		(73	)		(6	)		(168	)
Financial Services		17			16			81			91
Loss from continuing operations before income taxes	$	(357	)	$	(557	)	$	(974	)	$	(1,111	)
Income (loss) from continuing operations, net of tax(A)		(153	)		(2,737	)		(857	)		(2,939	)
Net loss(A)		(154	)		(2,769	)		(898	)		(3,010	)
Diluted loss per share from continuing operations(A)	$	(1.90	)	$	(39.67	)	$	(10.66	)	$	(42.53	)
Diluted loss per share(A)		(1.91	)		(40.13	)		(11.17	)		(43.56	)

(A) Amounts attributable to Navistar International Corporation.

North America Truck — For the fourth quarter 2013, the North America truck segment recorded a loss of $355 million, compared with a year-ago fourth quarter loss of $396 million. The year-over-year improvement was primarily driven by structural and functional cost reductions, partially offset by the non-cash charge of $77 million in goodwill impairments.

For the fiscal year 2013, the North America truck segment recorded a loss of $902 million, compared with a fiscal year 2012 loss of $736 million. In addition to the impairments impact, the year-over-year decline was also driven by lower volumes, due in large part to the company’s engine emissions strategy transition, and decreased military sales. Fiscal year 2013 results included charges for adjustments to pre-existing warranties of $404 million versus $400 million in fiscal year 2012.

North America Parts — For the fourth quarter 2013, the North America parts segment recorded a profit of $147 million, compared with a year-ago fourth quarter profit of $103 million, driven primarily by strong margins and structural cost reductions.

These same factors were the primary drivers of the segment’s 31-percent improvement in full-year performance, as the North America parts segment posted a profit of $476 million in fiscal year 2013, compared to the prior year profit of $343 million.

Global Operations — For the fourth quarter 2013, global operations recorded a loss of $6 million, compared with a year-ago fourth quarter loss of $73 million. The year-over-year improvement included the impact of increased margins, primarily related to the company’s South American engine business as well as benefits realized from prior year structural cost reduction actions.

For the fiscal year 2013, global operations posted a loss of $6 million, compared to a fiscal year 2012 loss of $168 million, driven by these same operational improvements, as well as the impact of the company’s divestiture of its India joint venture earlier in 2013 as part of its ROIC actions.

Financial Services — For the fourth quarter 2013, the financial services segment recorded a profit of $17 million, up slightly from fourth quarter 2012 profit of $16 million, primarily driven by reductions in operating expenses that more than offset lower net interest margin from lower average assets.

For the fiscal year 2013, the financial services segment recorded a profit of $81 million, compared to a year-ago profit of $91 million. The decrease was primarily driven by the lower net financial margin due to the decline in the average finance receivables balances, partially offset by lower U.S. employee-related expenses that resulted from our 2012 cost-reduction initiatives.

2014 Outlook

Navistar is forecasting a Class 8 industry of 220,000 to 230,000 retail sales in the U.S. and Canada for its fiscal year 2014. It expects to generate an additional $175 million in structural cost savings in fiscal year 2014, and projects its capital expenditures will be similar to 2013 spending. The company expects to end first quarter 2014 with manufacturing cash and marketable securities between $1 billion and $1.1 billion.

“Traditionally, our first quarter represents the low period of the year as volumes are lower due to the Thanksgiving and winter break downtimes, which is compounded this year by significantly lower military sales and the late-in-the-quarter ramp up of our Cummins ISB engine offering in our medium-duty trucks and buses,” Clarke said. “However, we anticipate stronger year-over-year performance starting in the second quarter, driven by higher volumes in truck, parts and our global operations and slightly improved pricing, coupled with ongoing structural and material cost improvements.”

About Navistar

Navistar International Corporation (NYSE: NAV) is a holding company whose subsidiaries and affiliates produce International^® brand commercial and military trucks, MaxxForce^® brand diesel engines, and IC Bus™ brand school and commercial buses. The company also provides truck and diesel engine service parts. Another affiliate offers financing services. Additional information is available at www.Navistar.com.

Forward-Looking Statement

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, Section 21E of the Securities Exchange Act of 1934, as amended, 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 the risk factors set forth in our filings with the Securities and Exchange Commission, including our annual report on Form 10-K for the fiscal year ended October 31, 2013. 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. All future written and oral forward-looking statements by us or persons acting on our behalf are expressly qualified in their entirety by the cautionary statements contained or referred to above. Except for our ongoing obligations to disclose material information as required by the federal securities laws, we do not have any obligations or intention to release publicly any revisions to any forward-looking statements to reflect events or circumstances in the future or to reflect the occurrence of unanticipated events.

Navistar International Corporation and Subsidiaries

Consolidated Statements of Operations

	Quarters Ended October 31,						Years Ended October 31,
(in millions, except per share data)	2013			2012			2013			2012
Sales and revenues
Sales of manufactured products, net	$	2,712		$	3,140		$	10,617		$	12,527
Finance revenues		39			39			158			168
Sales and revenues, net		2,751			3,179			10,775			12,695
Costs and expenses
Costs of products sold		2,565			3,051			9,761			11,401
Restructuring charges		11			84			25			107
Asset impairment charges		80			6			97			16
Selling, general and administrative expenses		310			370			1,215			1,419
Engineering and product development costs		96			130			406			532
Interest expense		81			77			321			259
Other expense (income), net		(30	)		10			(65	)		43
Total costs and expenses		3,113			3,728			11,760			13,777
Equity in income (loss) of non-consolidated affiliates		5			(8	)		11			(29	)
Loss from continuing operations before income taxes		(357	)		(557	)		(974	)		(1,111	)
Income tax benefit (expense)		224			(2,167	)		171			(1,780	)
Loss from continuing operations		(133	)		(2,724	)		(803	)		(2,891	)
Loss from discontinued operations, net of tax		(1	)		(32	)		(41	)		(71	)
Net loss		(134	)		(2,756	)		(844	)		(2,962	)
Less: Net income attributable to non-controlling interests		20			13			54			48
Net loss attributable to Navistar International Corporation	$	(154	)	$	(2,769	)	$	(898	)	$	(3,010	)
Amounts attributable to Navistar International Corporation common shareholders:
Loss from continuing operations, net of tax	$	(153	)	$	(2,737	)	$	(857	)	$	(2,939	)
Loss from discontinued operations, net of tax		(1	)		(32	)		(41	)		(71	)
Net loss	$	(154	)	$	(2,769	)	$	(898	)	$	(3,010	)
Loss per share:
Basic:
Continuing operations	$	(1.90	)	$	(39.67	)	$	(10.66	)	$	(42.53	)
Discontinued operations		(0.01	)		(0.46	)		(0.51	)		(1.03	)
	$	(1.91	)	$	(40.13	)	$	(11.17	)	$	(43.56	)
Diluted:
Continuing operations	$	(1.90	)	$	(39.67	)	$	(10.66	)	$	(42.53	)
Discontinued operations		(0.01	)		(0.46	)		(0.51	)		(1.03	)
	$	(1.91	)	$	(40.13	)	$	(11.17	)	$	(43.56	)
Weighted average shares outstanding:
Basic		80.6			69.0			80.4			69.1
Diluted		80.6			69.0			80.4			69.1

Navistar International Corporation and Subsidiaries

Consolidated Balance Sheets

	October 31,
(in millions, except per share data)	2013			2012
ASSETS
Current assets
Cash and cash equivalents	$	755		$	1,087
Marketable securities		830			466
Trade and other receivables, net		737			749
Finance receivables, net		1,597			1,663
Inventories		1,210			1,537
Deferred taxes, net		72			74
Other current assets		258			261
Total current assets		5,459			5,837
Restricted cash		91			161
Trade and other receivables, net		29			94
Finance receivables, net		338			486
Investments in non-consolidated affiliates		77			62
Property and equipment, net		1,741			1,660
Goodwill		184			280
Intangible assets, net		138			171
Deferred taxes, net		159			189
Other noncurrent assets		99			162
Total assets	$	8,315		$	9,102
LIABILITIES and STOCKHOLDERS’ DEFICIT
Liabilities
Current liabilities
Notes payable and current maturities of long-term debt	$	1,163		$	1,205
Accounts payable		1,502			1,686
Other current liabilities		1,596			1,462
Total current liabilities		4,261			4,353
Long-term debt		3,922			3,566
Postretirement benefits liabilities		2,564			3,405
Deferred taxes, net		33			42
Other noncurrent liabilities		1,136			996
Total liabilities		11,916			12,362
Redeemable equity securities		4			5
Stockholders’ deficit
Series D convertible junior preference stock		3			3
Common stock (86.8 and 86.0 shares issued, respectively; and $0.10 par value per share and 220 shares authorized, at both dates)		9			9
Additional paid in capital		2,477			2,440
Accumulated deficit		(4,063	)		(3,165	)
Accumulated other comprehensive loss		(1,824	)		(2,325	)
Common stock held in treasury, at cost (6.3 and 6.8 shares, respectively)		(251	)		(272	)
Total stockholders’ deficit attributable to Navistar International Corporation		(3,649	)		(3,310	)
Stockholders’ equity attributable to non-controlling interests		44			45
Total stockholders’ deficit		(3,605	)		(3,265	)
Total liabilities and stockholders’ deficit	$	8,315		$	9,102

Navistar International Corporation and Subsidiaries

Condensed Consolidated Statements of Cash Flows

	Years Ended October 31,
(in millions)	2013			2012
Cash flows from operating activities
Net income (loss)	$	(844	)	$	(2,962	)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization		282			277
Depreciation of equipment leased to others		135			46
Deferred taxes, including change in valuation allowance		(226	)		1,778
Asset impairment charges		105			44
Gain on sales of investments and businesses, net		(29	)		—
Amortization of debt issuance costs and discount		57			46
Stock-based compensation		24			19
Provision for doubtful accounts, net of recoveries		20			14
Equity in loss of non-consolidated affiliates, net of dividends		2			36
Write-off of debt issuance cost and discount		6			13
Other non-cash operating activities		(70	)		7
Changes in other assets and liabilities, exclusive of the effects of businesses acquired and disposed:
Trade and other receivables		68			454
Finance receivables		187			741
Inventories		264			76
Accounts payable		(121	)		(399	)
Other assets and liabilities		240			420
Net cash provided by operating activities		100			610
Cash flows from investing activities
Purchases of marketable securities		(1,779	)		(1,209	)
Sales or maturities of marketable securities		1,415			1,461
Net change in restricted cash and cash equivalents		70			165
Capital expenditures		(167	)		(309	)
Purchases of equipment leased to others		(432	)		(61	)
Proceeds from sales of property and equipment		25			18
Investments in non-consolidated affiliates		(24	)		(42	)
Business acquisitions, net of cash received		—			(12	)
Proceeds from sales of affiliates		82			1
Acquisition of intangibles		—			(14	)
Net cash used in investing activities		(810	)		(2	)
Cash flows from financing activities
Proceeds from issuance of securitized debt		529			1,313
Principal payments on securitized debt		(773	)		(1,976	)
Proceeds from issuance of non-securitized debt		641			1,517
Principal payments on non-securitized debt		(475	)		(616	)
Net increase (decrease) in notes and debt outstanding under revolving credit facilities		274			(269	)
Principal payments under financing arrangements and capital lease obligations		(60	)		(35	)
Debt issuance costs		(20	)		(57	)
Proceeds from financed lease obligations		294			—
Issuance of common stock		14			192
Purchase of treasury stock		—			(75	)
Proceeds from exercise of stock options		12			2
Dividends paid by subsidiaries to non-controlling interest		(47	)		(56	)
Other financing activities		4			(3	)
Net cash provided by (used in) financing activities		393			(63	)
Effect of exchange rate changes on cash and cash equivalents		(15	)		3
Increase (decrease) in cash and cash equivalents		(332	)		548
Cash and cash equivalents at beginning of the year		1,087			539
Cash and cash equivalents at end of the year	$	755		$	1,087

Navistar International Corporation and Subsidiaries

Segment Reporting

(Unaudited)

We define segment profit (loss) as net income (loss) from continuing operations attributable to Navistar International Corporation excluding income tax benefit (expense). Operating results for interim reporting periods are not necessarily indicative of annual operating results.

In the fourth quarter of 2013 as a result of certain changes to our organizational and reporting structures, we determined our reporting segments consist of: North America Truck, North America Parts, Global Operations (collectively called “Manufacturing operations”), and Financial Services, which consists of Navistar Financial Corporation and our foreign finance operations (collectively called “Financial Services operations”).

Beginning in the first quarter of 2013, the Company began reporting the operating results of WCC and certain operating results of Monaco as discontinued operations in the Company’s Consolidated statements of operations. The selected financial information has been restated to reflect this change, as well as the change in our reporting segments.

The following tables present selected financial information for our reporting segments:

(in millions)	North America Truck			North America Parts		Global Operations			Financial Services(A)		Corporate and Eliminations			Total
Quarter Ended October 31, 2013
External sales and revenues, net	$	1,618		$	685	$	409		$	39	$	—		$	2,751
Intersegment sales and revenues		104			12		18			16		(150	)		—
Total sales and revenues, net	$	1,722		$	697	$	427		$	55	$	(150	)	$	2,751
Income (loss) from continuing operations attributable to NIC, net of tax	$	(355	)	$	147	$	(6	)	$	17	$	44		$	(153	)
Income tax expense		—			—		—			—		224			224
Segment profit (loss)	$	(355	)	$	147	$	(6	)	$	17	$	(180	)	$	(377	)
Depreciation and amortization	$	61		$	4	$	5		$	11	$	6		$	87
Interest expense		—			—		—			18		63			81
Equity in income (loss) of non-consolidated affiliates		3			2		—			—		—			5
Capital expenditures(B)		29			—		(2	)		1		3			31
(in millions)	North America Truck			North America Parts		Global Operations			Financial Services(A)		Corporate and Eliminations			Total
Quarter Ended October 31, 2012
External sales and revenues, net	$	1,922		$	714	$	504		$	39	$	—		$	3,179
Intersegment sales and revenues		126			30		19			21		(196	)		—
Total sales and revenues, net	$	2,048		$	744	$	523		$	60	$	(196	)	$	3,179
Income (loss) from continuing operations attributable to NIC, net of tax	$	(396	)	$	103	$	(73	)	$	16	$	(2,387	)	$	(2,737	)
Income tax expense		—			—		—			—		(2,167	)		(2,167	)
Segment profit (loss)	$	(396	)	$	103	$	(73	)	$	16	$	(220	)	$	(570	)
Depreciation and amortization	$	48		$	4	$	10		$	8	$	7		$	77
Interest expense		—			—		—			21		56			77
Equity in income (loss) of non-consolidated affiliates		(7	)		2		(3	)		—		—			(8	)
Capital expenditures(B)		46			3		8			1		1			59

(in millions)	North America Truck			North America Parts		Global Operations			Financial Services(A)		Corporate and Eliminations			Total
Year Ended October 31, 2013
External sales and revenues, net	$	6,312		$	2,558	$	1,747		$	158	$	—		$	10,775
Intersegment sales and revenues		486			57		78			75		(696	)		—
Total sales and revenues, net	$	6,798		$	2,615	$	1,825		$	233	$	(696	)	$	10,775
Income (loss) from continuing operations attributable to NIC, net of tax	$	(902	)	$	476	$	(6	)	$	81	$	(506	)	$	(857	)
Income tax expense		—			—		—			—		171			171
Segment profit (loss)	$	(902	)	$	476	$	(6	)	$	81	$	(677	)	$	(1,028	)
Depreciation and amortization	$	305		$	17	$	32		$	40	$	23		$	417
Interest expense		—			—		—			70		251			321
Equity in income (loss) of non-consolidated affiliates		10			6		(5	)		—		—			11
Capital expenditures(B)		142			2		9			2		12			167
(in millions)	North America Truck			North America Parts		Global Operations			Financial Services(A)		Corporate and Eliminations			Total
Year Ended October 31, 2012
External sales and revenues, net	$	7,946		$	2,497	$	2,084		$	168	$	—		$	12,695
Intersegment sales and revenues		442			124		126			91		(783	)		—
Total sales and revenues, net	$	8,388		$	2,621	$	2,210		$	259	$	(783	)	$	12,695
Income (loss) from continuing operations attributable to NIC, net of tax	$	(736	)	$	343	$	(168	)	$	91	$	(2,469	)	$	(2,939	)
Income tax expense		—			—		—			—		(1,780	)		(1,780	)
Segment profit (loss)	$	(736	)	$	343	$	(168	)	$	91	$	(689	)	$	(1,159	)
Depreciation and amortization	$	216		$	16	$	36		$	33	$	22		$	323
Interest expense		—			—		—			88		171			259
Equity in income (loss) of non-consolidated affiliates		(1	)		5		(33	)		—		—			(29	)
Capital expenditures(B)		173			21		50			3		62			309
(in millions)	North America Truck(C)			North America Parts		Global Operations			Financial Services		Corporate and Eliminations			Total
Segment assets, as of:
October 31, 2013	$	2,250		$	716	$	1,162		$	2,355	$	1,832		$	8,315
October 31, 2012		2,481			782		1,333			2,563		1,943			9,102

(A) Total sales and revenues in the Financial Services segment include interest revenues of $41 million and $86 million for quarters ended October 31, 2013 and 2012, respectively, and $181 million and $254 million for the years ended October 31, 2013 and 2012, respectively.

(B) Exclusive of purchases of equipment leased to others.

(C) The segment assets as of October 31, 2012 includes amounts related to discontinued operations.

SEC Regulation G Non-GAAP Reconciliation

The financial measures presented below are unaudited and not in accordance with, or an alternative for, financial measures presented in accordance with 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.

Manufacturing cash, cash equivalents, and marketable securities represents the Company’s consolidated cash, cash equivalents, and marketable securities excluding cash, cash equivalents, and marketable securities of our financial services operations. We include marketable securities with our cash and cash equivalents when assessing our liquidity position as our investments are highly liquid in nature.

Structural costs include Selling, general, and administrative expenses and Engineering and product development costs.

Manufacturing segment cash and cash equivalents and marketable securities reconciliation:

	As of October 31, 2013
(in millions)	Manufacturing Operations		Financial Services Operations		Consolidated Balance Sheet
Assets
Cash and cash equivalents	$	727	$	28	$	755
Marketable securities		796		34		830
Total Cash and cash equivalents and Marketable securities	$	1,523	$	62	$	1,585

Adjusted Manufacturing segment cash and cash equivalents and marketable securities reconciliation:

(in millions)	As of October 31, 2013
Total Manufacturing segment Cash and cash equivalents and Marketable securities (reconciled above)	$	1,523
Less:
Intercompany loan from the Financial Services operations		270
Net proceeds from the issuance of the 2018 Convertible Notes		196
Adjusted Manufacturing segment Cash and cash equivalents and Marketable securities	$	1,057

EX-99.2

Exhibit 99.2

2013 EARNINGS PRESENTATION December 20, 2013

Safe Harbor Statement

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, Section 21E of the Securities Exchange Act of 1934, as amended, 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 the risk factors set forth in our filings with the Securities and Exchange Commission, including our annual report on Form 10-K for the fiscal year ended October 31, 2013. 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. All future written and oral forward-looking statements by us or persons acting on our behalf are expressly qualified in their entirety by the cautionary statements contained or referred to above. Except for our ongoing obligations to disclose material information as required by the federal securities laws, we do not have any obligations or intention to release publicly any revisions to any forward- looking statements to reflect events or circumstances in the future or to reflect the occurrence of unanticipated events.

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Other Cautionary Notes

The financial information herein contains audited and unaudited information and has been prepared by management in good faith and based on data currently available to the Company. Certain non-GAAP measures are used in this presentation to assist the reader in understanding our core manufacturing business. We believe this information is useful and relevant to assess and measure the performance of our core manufacturing business as it illustrates manufacturing performance without regard to selected historical legacy costs (i.e. pension and other postretirement costs). It also excludes financial services and other items that may not be related to the core manufacturing business or underlying results. Management often uses this information to assess and measure the underlying 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. The non-GAAP numbers are reconciled to the most appropriate GAAP number in the appendix of this presentation.

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4th QUARTER 2013 RESULTS Troy Clarke, President & CEO

Troy Clarke, President & CEO

NYSE: NAV

Agenda

High Level Overview Troy Clarke

Financial Results

Q4 2013

Full Year 2013

2014 Guidance Walter Borst

Drive to Deliver Update Jack Allen

Summary Troy Clarke

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Q4 2013 Earnings – 12/20/2013

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Guiding Principles & Priorities

Transformation: 2013 2014 Leading Vehicle Uptime Driving a Lean Enterprise EBITDA Margin Expansion Profitable Market Share Quality Cost Sense of Urgency Great Products Customer Satisfaction People Turnaround: Improve Quality Hit our Launches Deliver 2013 Plans Sales Momentum

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4th Quarter Summary

Continued to hit our cash guidance Lowered structural and operating costs Operating performance fell within our target, less pre-existing warranty adjustment and asset impairment Tremendous progress made in 2013

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Top 2013 Accomplishments

New leadership team Met all key product launch dates Received EPA certifications for MF13L w/ SCR Added Cummins ISX and ISB engines to product portfolio Rebuilt and reinforced quality processes Great strides in understanding scope of EGR-only warranty Reduced material cost to help offset SCR costs Implemented ROIC fix/close/sell actions Exceeded structural cost goal Reduced working capital and met or exceeded cash guidance for last 5 quarters

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2014 Focus

Warranty Strengthen our forecasting capability Halfway through maximum exposure of EGR only engines Majority of units will exit warranty by end of 2015 Market Share Class 8 order and retail share trending higher Strong market acceptance of Cummins ISB Entering 2014 with a significantly better order backlog

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Q4 2013 Earnings – 12/20/2013

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FINANCIAL RESULTS

Walter Borst, Executive Vice President & CFO

NYSE: NAV

Income Statement Summary

Quarters Ended

October 31,

2013 2012

Traditional Chargeouts 13,700 14,700

Sales and revenues, net $ 2,751 $ 3,179

Segment Results:

North America Truck $ (355) $ (396)

North America Parts 147 103

Global Operations (673)

Financial Services 17 16

EBITDA $ (227) $ (437)

Loss from continuing operations before income taxes $ (357) $ (557)

Income (loss) from continuing operations, net of tax(A) (153) (2,737)

Net loss(A 154 2,769)

Diluted loss per share from continuing operations (A) $ (1.90) $ (39.67)

Diluted loss per share(A) (1.91) (40.13)

(A) Amounts attributable to Navistar International Corporation.

Note: This slide contains non-GAAP information; please see the REG G in appendix for a detailed reconciliation.

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Q4 2013 EBITDA

$ in millions

Note: This slide contains non-GAAP information; please see the REG G in appendix for a detailed reconciliation.

$100

$50

$0

($50)

($100)

($150)

($200)

($250)

($227)

($152)

($80)

$5

Q4 2013

Actual EBITD Apre-existing warranty

Asset Impairment Charges

Q4 2013

Adjusted EBITED

Q4 Guidance

EBITDA Range:

$0-$50

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FY 2013 EBITDA

Functional Areas Drive Y-O-Y Improvements $ in millions $200 $0 ($665) ($360) ($200) $129 $75 ($149) ($80) ($400) $330 ($600) ($800) FY 2012 Actual Structural Cost Material Cost Performance Manufacturing Volume/ Mix/ Pricing Corp./ Other FY 2013 Actual Note: This slide contains non-GAAP information; please see the REG G in appendix for a detailed reconciliation.

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Q4 2013 Manufacturing Cash Update

$ in millions * Cash balance includes marketable securities. **Guidance as provided on 9/4/2013 Note: This slide contains non-GAAP information; please see the REG G in appendix for a detailed reconciliation. Guidance** Actual Q3 2013 Manufacturing Cash Balance* $1,087 $1,087 Consolidated EBITDA 0—50 (227) Capex/Cash Interest/Pension & OPEB Funding (173) (164) Change in Net Working Capital/Debt Payments/Other 86—136 360 Q4 2013 Manufacturing Cash Balance* (excluding New Convertible Notes & Loan from NFC) $1,000—$1,100 $1,056 New Convertible Notes & Loan from NFC Q4 2013 Manufacturing Cash Balance* $1,523

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14

Manufacturing Cash Balance*

$Millions

$1,600

$1,400

$1,200

$1,000

$800

$600

$400

$200

$0

$722

$777

$1,152

$1,100

$1,186

$837

$681

$627

$1,505

$1,189

$1,164

$1,087

$1,523

2007

2008

2009

2010

2011

Q1 2012

Q2 2012

Q3 2012

Q4 2012

Q1 2013

Q2 2013

Q3 2013

Q3 2014

Manufacturing Cash Balance*

Guidance

Guidance including financing transactions

* Cash balance includes marketable securities.

Note: This slide contains non-GAAP information; please see the REG G in appendix for a detailed reconciliation.

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Guidance: Q1 2014 Manufacturing Cash

$ in millions

Q4 2013 Manufacturing Cash Balance*

(including New Convertible Notes & Loan from NFC)

Consolidated EBITDA**

Capex/Cash Interest/Pension & OPEB Funding

Change in Net Working Capital/Debt Payments/Other

Q1 2014 Manufacturing Cash Balance*

Guidance

$1,523

(100) - (50)

(154)

(269) - (219)

$1,000 - $1,100

Historic Q1 Manufacturing Cash Balances*

$ in millions

$1,400

$1,200

$1,000

$800

$600

$400

$200

$0

$533

$582

$668

$762

$837

$1,189

$1,000-$1,100

2008

2009

2010

2011

2012

2013

2014 Guidance

* Cash balance includes marketable securities.

** Excluding one-time items and pre-existing warranty

Note: This slide contains non-GAAP information; please see the

REG G in appendix for a detailed reconciliation.

Q4 2013 Earnings – 12/20/2013

16

Additional Insight into 2014

Funded status of post-retirement plans improved by ~$860 million Pension cash contributions of $180 million Capital expenditures of approximately $150 million

NYSE: NAV

Q4 2013 Earnings – 12/20/2013

17

EPA 2010 EGR Only

Half-way through our maximum warranty exposure of 2010 EGR emission engines Defined population Majority of units will exit warranty by the end of 2015

NYSE: NAV

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18

Summing It Up

Lower break-even point through cost reduction Manufacturing cash balance is highest in at least 30 years Working capital improved significantly in 2013 New segments allow business to be run more efficiently

NYSE: NAV

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Long-term EBITDA Goals

4 Pronged Action Plan to Improve EBITDA Volume Material Structural Warranty increase cost savings cost savings cost reductions 2013 Actual 2014 2015 Exiting & Long-term Class 6—8 & Bus industry 301,300 300—335,000 325—350,000 Class 6—8 & Bus combined market share 18% 21% 22—24% Material cost Decrease 5% decrease Structural cost savings $330 million Additional $150 million < 10% of sales Warranty expense Decrease 4% decrease EBITDA Margin 8 – 10 %

NYSE: NAV

Q4 2013 Earnings – 12/20/2013

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DRIVE TO DELIVER

Jack Allen, Executive Vice President & COO

NYSE: NAV

Investing in Quality

Actions demonstrate customer commitment Continue to focus upgrading 2010-2012 EGR engines Positive quality and uptime trends continue to improve with new SCR products

NYSE: NAV

Q4 2013 Earnings – 12/20/2013

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Class 6—8 Industry Trends

Mixed signals in fundamental economic drivers FY 2013 Class 8 industry 211,000, down 8% from 230,000 in 2012 FY 2014 Class 8 industry modest growth to 220,000—230,000

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Market Share

Q4 Class 6—8 truck orders up 12% from Q3 2013; up 34% from Q4 2012 Q4 backlog up 26% from Q4 2012 for our traditional markets; Class 8 backlog up 34% Q4 Class 8 retail market share at 16%, the highest it has been all year Q4 Class 6/7 retail market share at 20%; Q4 order intake was 27%, the highest it has been all year

NYSE: NAV

Q4 2013 Earnings – 12/20/2013

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Sales Momentum at Navistar

15L ISX 16,000+ orders received since September 2012 Improvements in fuel economy & uptime 13L SCR 4,000,000+ test miles logged 7,500+ orders received since March 2013 Class 6/7 with ISB 6,000+ truck and bus orders received since September 2013 Production began in December 2013 Completed transition of on-highway Class 8 products to SCR Hit all launches in 2013

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Q4 2013 Earnings – 12/20/2013

25

Drive to Deliver Progress in Q4 2013

North America Parts: Improved profitability Used Truck: Record retail sales; 7% inventory decline over FY 2012 Material cost reductions: Exceeded goals Manufacturing: Transitions to Escobedo and Springfield complete Mexico: Positive performance in Truck, Parts, & Financing SG&A / Structural cost reductions: Exceeded goals Global: Brazil volumes impacted by economy; restructuring complete

NYSE: NAV

Q4 2013 Earnings – 12/20/2013

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Status

Encouraged by market reception of Class 6—8 products Progressing toward profitability Building momentum for 2014

NYSE: NAV

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27

SUMMARY Troy Clarke, President & CEO

NYSE: NAV

2014 Milestones

Class 8 industry of 220,000—230,000 2014 Class 6-8 and Bus share to be 21% or greater Slight pricing improvement Structural cost reductions of $150 million Material cost reduction will more than fully offset cost of SCR Manufacturing cost savings of $50—$60 million Capital expenditures comparable to 2013 8-10% EBITDA run rate goal by end of 2015

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Appendix

NYSE: NAV

FY 2013 Segment Realignment

$ in millions

North North

New Segments America America Global Corporate

Truck Parts Operations NFC and Elimin. Total

External Sales and Revenues, Net $6,312 $2,558 $1,747 $158 $0 $10,775

PBT, after minority interest ($902) $476 ($6) $81 ($677) ($1,028)

Prior Segments Corporate

Truck Engine Parts NFC and Elimin. Total

External Sales and Revenues, Net $6,788 $1,774 $2,055 $158 $0 $10,775

PBT,, after minority intereste ts ($528)5 8) ($278)78) $368 $81 ($671) ($1,028)

Loss from continuing operations before income taxes $974

Less: Net (income) attributable to non-controlling interests (54)

Loss from continuingg operation before income taxes

attributable to Navistar International Corporation $1,028,

Income tax (benefit) $(171)

Loss from discontinued operations, net of tax 41

Net loss attributable to Navistar International Corp. $ 898

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Q4 2013 Earnings – 12/20/2013

31

Income Statement Summary

Notes: (1) EBITDA: Q4-13, Q3-13, and Q4-12 exclude $(1), $(10), and $(32) million respectively from discontinued operations. (2) Diluted Loss Per Share from discontinued operations for Q4-13, Q3-13, and Q4-12 were $0.01, $0.12, and $0.46 respectively. Average shares outstanding were 80.4, 80.6, and 69.1 million respectively. Note: This slide contains non-GAAP information; please see the REG G in appendix for a detailed reconciliation. Year Over Year Sequential $ Millions, except per share Q4-13 Q4-12 Q3-13 World wide truck chargeouts from continuing operations 21,800 22,600 22,800 Revenue $ 2,751 $ 3,179 $ 2,861 Cost of goods sold 2,565 3,051 2,547 Selling, general and administrative 310 370 308 Engineering and product development costs 96 130 99 Interest expense 81 77 76 Restructuring, impairment, and other expense (income) 61 100 45 EBITDA (excluding discontinued operations) $ (227) $ (437) $ (74) Loss from continuing operations before income taxes $ (357) $ (557) $ (211) Less: Net income (loss) attributable to non-controlling interests 20 13 10 Loss from continuing operations before income taxes attributable to Navistar International Corporation $ (377) $ (570) $ (221) Net loss attributable to Navistar International Corporation $ (154) $ (2,796) $ (247) Net loss per diluted share $ (1.91) $ (40.13) $ (3.06)

NYSE: NAV

Q4 2013 Earnings – 12/20/2013

32

Income Statement Summary

Notes: (1) EBITDA: FY 2013 and FY 2012 exclude $(41) and $(71) million respectively from discontinued operations. (2) Diluted Loss Per Share from discontinued operations were $0.51 in FY 2013 and $1.03 in FY 2012, Average shares outstanding were 80.4 million in FY 2013 compared to 69.1 million in FY 2012. Note: This slide contains non-GAAP information; please see the REG G in appendix for a detailed reconciliation. Year Over Year $ Millions, except per share FY 2013 FY 2012 World wide truck chargeouts from continuing operations 84,400 101,300 Revenue $ 10,775 $ 12,695 Cost of goods sold 9,761 11,401 Selling, general and administrative 1,215 1,419 Engineering and product development costs 406 532 Interest expense 321 259 Restructuring, impairment, and other expense (income) 57 166 EBITDA (excluding discontinued operations) $ (360) $ (665) Loss from continuing operations before income taxes $ (974) $ (1,111) Less: Net income (loss) attributable to non-controlling interests 54 48 Loss from continuing operations before income taxes attributable to Navistar International Corporation $ (1,028) $ (1,159) Net loss attributable to Navistar International Corporation $ (898) $ (3,010) Net loss per diluted share $ (11.17) $ (43.56)

NYSE: NAV

Q4 2013 Earnings – 12/20/2013

33

Navistar Financial Corporation

Highlights $81 million Financial Services Segment profit for 2013, $17 million Q4 Increased capacity and better terms on dealer funding facilities in Q4 Total U.S. financing availability of $590 million as of October 31, 2013 Debt/Equity Leverage increased to 2.7:1 as of October 31, 2013 after $270 million loan to Navistar affiliate in Q4. Retail Notes Bank Facility Dealer Floor Plan $840 million facility ($500 million revolver and $340 million term loan matures in December 2016) Funding for retail notes, wholesale notes, retail accounts, and dealer open accounts On balance sheet NFSC wholesale trust as of October 2013 $950 million funding facility Variable portion matures September 2014 Term portions mature January 2015 and September 2015 On balance sheet Broader product offering Enhanced ability to support large fleets Better access to less expensive capital

NYSE: NAV

Q4 2013 Earnings – 12/20/2013

34

A Leader in Several Commercial Vehicle Segments

Note: Based on market share position determined by brand Class 6/7 Medium-Duty Retail Market Share: Q4 2013: ~20% FY 2013: ~24% U.S. and Canada Class 6-8: Class 8 Severe Service Retail Market Share: Q4 2013: ~20% FY 2013: ~ 22% Class 8 Heavy Retail Market Share: Q4 2013: ~14% FY 2013: ~ 12% Combined Class 8 Retail Market Share: Q4 2013: ~16% FY 2013: ~ 15%

NYSE: NAV

Q4 2013 Earnings – 12/20/2013

35

Market Share

We define our “traditional” markets to include U.S. and Canada and Class 6 through 8 medium and heavy truck. Our “traditional” markets include CAT- branded units sold to Caterpillar under our North America supply agreement. 2013 2013 2012 2012 2011 2011 “Traditional” Markets (U.S. and Canada) School buses 37 % 41 % 45 % Class 6 and 7 medium trucks 24 % 32 % 38 % Class 8 heavy trucks 12 % 15 % 17 % Class 8 severe service trucks(A) 22 % 29 % 31 % Total “traditional” markets 18 % 22 % 27 % Combined Class 8 trucks 15 % 18 % 20 %

NYSE: NAV

Q4 2013 Earnings – 12/20/2013

36

Worldwide Truck Chargeouts

We define chargeouts as trucks that have been invoiced to customers. The units held in dealer inventory represent the principal difference between retail deliveries and chargeouts. This table summarizes our approximate worldwide chargeouts from our continuing operations. We define our “traditional” markets to include U.S. and Canada School bus and Class 6 through 8 medium and heavy truck. Our “traditional” markets include CAT-branded units sold to Caterpillar under our North America supply agreement. Memo: As of 1/31/2013 operations for Monaco RV and Workhorse have been discontinued. As a result, all historical data has been recast. Monaco RV and Workhorse units were previously categorized under expansionary and medium. Memo: As of 10/31/2013 all periods presented have been recast to include all militarized units separately under military vehicles. FISCAL YEAR 2011 Q1 Q2 Q3 Q4 FULL YEAR BUS 2,100 2,100 2,300 3,000 9,500 MEDIUM 4,500 7,100 5,900 5,900 23,400 HEAVY 4,700 5,200 6,700 9,100 25,700 SEVERE 2,300 2,900 3,000 3,200 11,400 TOTAL 13,600 17,300 17,900 21,200 70,000 MILITARY VEHICLES 600 700 800 1,600 3,700 EXPANSIONARY 4,800 6,900 8,000 8,900 28,600 WORLDWIDE TRUCK-Continued Ops 19,000 24,900 26,700 31,700 102,300 DISCONTINUED OPERATIONS 400 800 2,100 2,800 6,100 WORLDWIDE TRUCK-Total 19,400 25,700 28,800 34,500 108,400 FISCAL YEAR 2012 Q1 Q2 Q3 Q4 FULL YEAR BUS 1,700 2,600 3,000 2,400 9,700 MEDIUM 4,300 7,100 4,900 3,600 19,900 HEAVY 8,000 7,200 6,300 5,600 27,100 SEVERE 3,300 3,600 3,600 3,100 13,600 TOTAL 17,300 20,500 17,800 14,700 70,300 MILITARY VEHICLES 200 400 500 500 1,600 EXPANSIONARY 7,100 7,300 7,600 7,400 29,400 WORLDWIDE TRUCK-Continued Ops 24,600 28,200 25,900 22,600 101,300 DISCONTINUED OPERATIONS 200 200 1,300 2,000 3,700 WORLDWIDE TRUCK-Total 24,800 28,400 27,200 24,600 105,000 FISCAL YEAR 2013 Q1 Q2 Q3 Q4 FULL YEAR BUS 2,000 2,500 2,700 2,300 9,500 MEDIUM 4,100 4,500 3,400 2,700 14,700 HEAVY 4,600 4,500 5,900 6,100 21,100 SEVERE 2,400 2,000 2,800 2,600 9,800 TOTAL 13,100 13,500 14,800 13,700 55,100 MILITARY VEHICLES 300 400 100—800 EXPANSIONARY 6,600 5,900 7,900 8,100 28,500 WORLDWIDE TRUCK-Continued Ops 20,000 19,800 22,800 21,800 84,400 DISCONTINUED OPERATIONS 200 200 - - 400 WORLDWIDE TRUCK-Total 20,200 20,000 22,800 21,800 84,800

NYSE: NAV

Q4 2013 Earnings – 12/20/2013

37

Worldwide Engine Shipments

2011 2011 2011 2011 2011 Navistar Q1 Q2 Q3 Q4 Full Year OEM sales—South America 27,200 37,100 38,200 36,100 138,600 Other OEM sales 4,500 4,400 3,700 3,600 16,200 Intercompany sales 17,300 23,500 22,300 25,700 88,800 Total Shipments 49,000 65,000 64,200 65,400 243,600 2012 2012 2012 2012 2012 Navistar Q1 Q2 Q3 Q4 Full Year OEM sales—South America 24,100 25,300 28,600 28,700 106,700 Other OEM sales 2,200 2,000 3,000 2,900 10,100 Intercompany sales 21,600 23,400 20,600 17,500 83,100 Total Shipments 47,900 50,700 52,200 49,100 199,900 2013 2013 2013 2013 2013 Navistar Q1 Q2 Q3 Q4 Full Year OEM sales—South America 25,600 30,800 31,000 28,800 116,200 Other OEM sales 1,900 2,300 2,600 2,500 9,300 Intercompany sales 16,500 15,100 14,900 13,400 59,900 Total Shipments 44,000 48,200 48,500 44,700 185,400

NYSE: NAV

Q4 2013 Earnings – 12/20/2013

38

Order Receipts – U.S. & Canada We define our “traditional” markets to include U.S. and Canada School bus and Class 6 through 8 medium and heavy truck. Our “traditional” markets include CAT-branded units sold to Caterpillar under our North America supply agreement. 2013 vs. 2012 (in units) 2013 2012 2011 Change % Change Change % Change “Traditional” Markets (U.S. and Canada) School buses 10,200 11,300 8,800 (1,100 ) (10 )% 2,500 28 % Class 6 and 7 medium trucks 15,300 18,300 24,300 (3,000 ) (16 )% (6,000 ) (25 )% Class 8 heavy trucks 24,500 22,500 29,600 2,000 9 % (7,100 ) (24 )% Class 8 severe service trucks 9,000 12,400 11,600 (3,400 ) (27 )% 800 7 % Total “traditional” Markets 59,000 64,500 74,300 (5,500 ) (9 )% (9,800 ) (13 )% Combined Class 8 trucks 33,500 34,900 41,200 (1,400 ) (4 )% (6,300 ) (15 )%

NYSE: NAV

Q4 2013 Earnings – 12/20/2013

39

U.S. and Canada Dealer Stock Inventory* *

Includes U.S. and Canada Class 4-8 and school bus inventory, but does not include U.S. IC Bus. Updated

12,000 10,000 8,000 6,000 4,000 2,000 7/31/04 10/31/04 1/31/05 4/30/05 7/31/05 10/31/05 1/31/06 4/29/06 7/31/06 7/31/06 10/31/06 1/31/07 4/30/07 7/31/07 10/31/07 1/31/08 4/30/08 7/30/08 10/31/08 1/31/09 4/30/09 7/31/09 10/31/09 1/31/10 4/30/10 7/31/10 10/31/10 1/31/11 4/30/11 7/31/11 10/31/11 1/31/12 4/30/12 7/31/12 10/31/12 1/31/13 4/30/13 7/31/13 10/31/13

NYSE: NAV

Q4 2013 Earnings – 12/20/2013

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Frequently Asked Questions

Q1: What is included in Corporate and Eliminations? A: The primary drivers of Corporate and Eliminations are Corporate SG&A, pension and OPEB expense (excluding amounts allocated to the segments), annual incentive, manufacturing interest expense, and the elimination of intercompany sales and profit between segments. Q2: What is included in your equity in loss of non-consolidated affiliates? A: Equity in loss of non-consolidated affiliates is derived from our ownership interests in partially-owned affiliates that are not consolidated. Q3: What is your net income attributable to non-controlling interests? A: Net income attributable to non-controlling interests is the result of the consolidation of subsidiaries in which we do not own 100%, and is primarily comprised of Ford’s non-controlling interest in our Blue Diamond Parts joint venture. Q4: What are your expected 2014 and beyond pension funding requirements? A: Future contributions are dependent upon a number of factors, principally the changes in values of plan assets, changes in interest rates and the impact of any funding relief currently under consideration. In 2013, we contributed $165 million to meet the minimum required contributions for all plans. We expect to contribute $180 million to our pension plans in 2014. We currently expect that in 2015 through 2017, the company will be required to contribute at least $174 million per year to our pension plans, depending on asset performance and discount rates.

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Frequently Asked Questions

Q5: What is your expectation for future cash tax payments? A: Our cash tax payments will remain low in 2014 and will gradually increase as we utilize available net operating losses (NOLs) and tax credits in the future years. Q6: What is the current balance of net operating losses as compared to other deferred tax assets? A: As of October 31, 2013 the Company has deferred tax assets for U.S. federal NOLs valued at $546 million, state NOLs valued at $117 million, and foreign NOLs valued at $177 million, for a total undiscounted cash value of $840 million. In addition to NOLs, the Company has deferred tax assets for accumulated tax credits of $259 million and other deferred tax assets of $1.8 billion resulting in net deferred tax assets before valuation allowances of approximately $2.9 billion. Of this amount, $2.7 billion is subject to a valuation allowance at the end of FY2013. Q7: How does your FY 2013 Class 8 industry outlook compare to ACT Research? A: U.S. and Canadian Class 8 Truck Sales Reconciliation to ACT—Retail Sales 2013 ACT* 215,900 CY to FY adjustment (2,908) Total ACT comparable Class 8 to Navistar) 212,992 Reconciliation to ACT—Retail Sales 2014 ACT* 244,500 CY to FY adjustment (4,508) Total (ACT comparable Class 8 to Navistar) 239,992 Navistar Industry Retail Deliveries Combined Class 8 Trucks 220,000 Navistar difference from ACT 19,992 9,992 *Source: ACT N.A. Commercial Vehicle Outlook—December 2013 9.1% 4.3%

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Frequently Asked Questions

Q8: What is your manufacturing interest expense for Fiscal Year 2014? A: Manufacturing interest for 2014 is forecasted at approximately $270 million. Q9: What should we assume for capital expenditures in Fiscal Year 2014? A: Capital expenditures were $167 million for FY 2013, which is lower than our traditionally guided capital spending range of $200 to $300 million for product development. We expect capital expenditures of approximately $150 million in FY 2014. Q10: For the 3rd party manufacturing debt currently outstanding in your most recent financial statement filings, on a pro forma basis, what are the respective maturity dates and principal amounts outstanding? A: The amounts and maturity dates are as follows (the values shown below are the amounts due and exclude the accounting impact of any OID or bifurcation): Senior Secured Term Loan Credit Facility, due August 17, 2017 $698 million 8.25% Senior Notes due November 1, 2021 $1,200 million 3.0% Senior Subordinated Convertible Notes due October 15, 2014 $570 million 4.5% Senior Subordinated Convertible Notes due October 15, 2018 $200 million Debt of majority owned dealerships (various maturity dates) $48 million Financing arrangements and capital lease obligations (various maturity dates) $77 million Loan Agreement related to the 6.5% Tax Exempt Bonds due October 15, 2040 $225 million Promissory Note due September 30, 2015 $20 million Financed Lease Obligations $218 million Other (various maturity dates) $39 million Total $3,295 million

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Outstanding Debt Balances

$ in millions

(in millions) 2013 2012

Manufacturing operations:

Senior Secured Term Loan Credit Facility, as Amended, due 2017, net of unamortized discount of $4 and $9,

respectively $ 693 $ 991

8.25% Senior Notes, due 2021, net of unamortizedunamortized discount of $22 and $28, respectively 1,178 872

3.0% Senior Subordinated Convertible Notes, due 2014, net of unamortized discount of $26 and $50, respectively 544 520

4.50% Senior Subordinated Convertible Notes, due 2018, net of unamortized discount of $23 177 —

Debt of majority-owned dealershipsp 48 60

Financing arrangements and capital lease obligations 77 140

Loan Agreement related to 6.5% Tax Exempt Bonds, due 2040 225 225

Promissory Note 20 30

Financed lease obligationsg 218 —

Other 39 67

Total Manufacturing operations debt 3,219 2,905

Less: Current portion 658 172

Net long-term Manufacturing operations debt $ 2,561 $ 2,733

(in millions) 2013 2012

Financial Services operations:

Asset-backed debt issued by consolidated SPEs, at fixed and variable rates, due serially through 2019 $ 778 $ 994

Bank revolvers, at fixed and variable rates, due dates from 2014 throughg 2019 1,018, 763

Commercial paper, at variable rates, matured in 2015 21 31

Borrowings secured by operating and finance leases, at various rates, due serially through 2017 49 78

Total Financial Services operations debt 1,866, 1,866,

Less: Current portion 505 1,033

Net long-term Financial Services operations debt $ 1,361 $ 833

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Manufacturing Cash Flow

Beginning Mfg. Cash1 Balance Fiscal 2010 Fiscal 2011 Fiscal 2012 Q1 2013 Q2 2013 Q3 2013 Q4 2013 October 31, 2009 $ 1,152 October 31, 2010 $ 1,100 October 31, 2011 $ 1,186 October 31, 2012 $ 1,505 January 31, 2013 $ 1,189 April 30, 2013 $ 1,164 July 31, 2013 $ 1,087 Approximate Cash Flows: From Operations 409 680 (298) (203) (34) (11) 10 From Investing / (Cap Ex) (350) (485) (362) (71) (232) (54) (46) From Financing / (Debt Pay Down) (110) (106) 977 (37) 242 3 469 Exchange Rate Effect (1) (3) 2 (5) (1) (15) 3 Net Cash Flow $ (52) $ 86 $ 319 $ (316) $ (25) $ (77) $ 436 Ending Mfg. Cash1 Balance: October 31, 2010 $ 1,100 October 31, 2011 $ 1,186 October 31, 2012 $ 1,505 January 31, 2013 $ 1,189 April 30, 2013 $ 1,164 July 31, 2013 $ 1,087 October 31, 2013 $ 1,523 1Cash = Cash, Cash Equivalents & Marketable Securities $ in millions

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SEC Regulation G Non-GAAP Reconciliation

The financial measures presented below are unaudited and not in accordance with, or an alternative for, financial measures presented in accordance with 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. Manufacturing Segment Results: We believe manufacturing segment results, which includes the segment results of our North America Truck, North America Parts, and Global Operations reporting segments, provide meaningful information of our core manufacturing business 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 below reconciliation, and to provide an additional measure of performance. Earnings (loss) Before Interest, Income Taxes, Depreciation, and Amortization (“EBITDA”): We define EBITDA as our consolidated net income (loss) from continuing operations attributable to Navistar International Corporation, net of tax, plus manufacturing interest expense, income taxes, and depreciation and amortization. We believe EBITDA provides meaningful information to the performance of our business and therefore we use it to supplement our GAAP reporting. 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. Manufacturing Cash Flow and Manufacturing Cash, Cash Equivalents, and Marketable Securities: Manufacturing cash flow is used and is presented to aid in developing an understanding of the ability of our operations to generate cash for debt service and taxes, as well as cash for investments in working capital, capital expenditures and other liquidity needs. This information is presented as a supplement to the other data provided because it provides information which we believe is useful to investors for additional analysis. Our manufacturing cash flow is prepared with marketable securities being treated as a cash equivalent. Manufacturing cash, cash equivalents, and marketable securities represents the Company’s consolidated cash, cash equivalents, and marketable securities excluding cash, cash equivalents, and marketable securities of our financial services operations. We include marketable securities with our cash and cash equivalents when assessing our liquidity position as our investments are highly liquid in nature. 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 below reconciliation, and to provide an additional measure of performance.

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SEC Regulation G Non-GAAP Reconciliations

Manufacturing segment cash and cash equivalents and marketable securities reconciliation:

2012 2013

(in millions) Jan. 31 Apr 30 Jul. 31 Oct. 31 Jan. 31 Apr 30 Jul. 31 Oct. 31

Manufacturing Operations:

Cash and cash equivalents $ 418 $ 364 $ 488 $ 1,059 $ 438 $ 465 $ 413 $ 727

Marketable securities 419 317 139 446 751 699 674 796

Manufacturing Cash and cash equivalents and Marketable securities $ 837 $ 681 $ 627 $ 1,505 $ 1,189 $ 1,164 $ 1,087 $ 1,523

Financial Services Operations:

Cash and cash equivalents $ 70 $ 36 $ 59 $ 28 $ 59 $ 40 $ 12 $ 28

Marketable securities 20 20 20 20 20 34 34 34

Financial Services Cash and cash equivalents and Marketable

securities $ 90 $ 56 $ 79 $ 48 $ 79 $ 74 $ 46 $ 62

Consolidated Balance Sheet

Cash and cash equivalents $ 488 $ 400 $ 547 $ 1,087, $ 497 $ 505 $ 425 $ 755

Marketable securities 439 337 159 466 771 733 708 830

Consolidated Cash and cash equivalents and Marketable securities $ 927 $ 737 $ 706 $ 1,553 $ 1,268 $ 1,238 $ 1,133 $ 1,585

2007 2008 2009 2010 2011

(in millions) Oct. 31 Jan. 31 Oct. 31 Jan. 31 Oct. 31 Jan. 31 Oct. 31 Jan. 31 Oct. 31

Manufacturing Operations:

Cash and cash equivalents $ 716 $ 512 $ 775 $ 433 $ 1,152 $ 618 $ 534 $ 372 $ 488

Marketable securities 6 21 2 149 50 566 390 698

Manufacturingg Cash and cash equivalents and

Marketable securities $ 722 $ 533 $ 777 $ 582 $ 1,152 $ 668 $ 1,100 $ 762 $ 1,186

Financial Services Operations:

Cash and cash equivalents $ 61 $ 82 $ 86 $ 64 $ 60 $ 72 $ 51 $ 27 $ 51

Marketable securities 20 20 20

Financial Services Cash and cash equivalents and

Marketable securities $ 61 $ 82 $ 86 $ 64 $ 60 $ 72 $ 71 $ 47 $ 71

Consolidated Balance Sheet

Cash and cash equivalents $ 777 $ 594 $ 861 $ 497 $ 1,212, $ 690 $ 585 $ 399 $ 539

Marketable securities 6 21 2 149 50 586 410 718

Consolidated Cash and cash equivalents and Marketable

securities $ 783 $ 615 $ 863 $ 646 $ 1,212 $ 740 $ 1,171 $ 809 $ 1,257

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SEC Regulation G Non-GAAP Reconciliations

Manufacturing Cash Manufacturing segment cash flow reconciliation: Manufacturing segment cash flow reconciliation: Manufacturing Operations Financial Services Operations Adjustments Condensed Consolidated Cash Flows ** For the year ended October 31, 2010 Cash flows from operations 409 698—1,107 Cash flows from investing / capital expenditures (350) 492 (576) (434) Cash flows from financing / debt pay down (110) (1,180) (10) (1,300) Effect of exchange rate changes (1) 1 — Net cash flows (52) 11 (586) (627) Beginning cash, cash equivalents and marketable securities balance 1,152 60—1,212 Ending cash, cash equivalents and marketable securities balance $ 1,100 $ 71 $ (586) $ 585 For the year ended October 31, 2011 Cash flows from operations 680 200—880 Cash flows from investing / capital expenditures (485) (206) (132) (823) Cash flows from financing / debt pay down (106) 6—(100) Effect of exchange rate changes (3) — (3) Net cash flows 86- (132) (46) Beginning cash, cash equivalents and marketable securities balance 1,100 71 (586) 585 Ending cash, cash equivalents and marketable securities balance $ 1,186 $ 71 $ (718) $ 539 $ in millions

**Adjusted to exclude marketable securities from the ending balance and to include the change in marketable securities in the cash flows from investing/capital expenditures line.

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SEC Regulation G Non-GAAP Reconciliations

Manufacturing Cash Manufacturing segment cash flow reconciliation: Manufacturing Operations Financial Services Operations Adjustments Condensed Consolidated Cash Flows ** For the year ended October 31, 2012 Cash flows from operations (298) 908—610 Cash flows from investing / capital expenditures: (362) 108 252 (2) Cash flows from financing / debt pay down 977 (1,040)—(63) Effect of exchange rate changes 2 1—3 Net cash flows 319 (23) 252 548 Beginning cash, cash equivalents and marketable securities balance 1,186 71 (718) 539 Ending cash, cash equivalents and marketable securities balance $ 1,505 $ 48 $ (466) $ 1,087 For the twelve months ended October 31, 2013 Cash flows from operations (238) 338—100 Cash flows from investing / capital expenditures: (403) (43) (364) (810) Cash flows from financing / debt pay down 677 (284)—393 Effect of exchange rate changes (18) 3—(15) Net cash flows 18 14 (364) (332) Blue Diamond Consolidation — — Beginning cash, cash equivalents and marketable securities balance 1,505 48 (466) 1,087 Ending cash, cash equivalents and marketable securities balance $ 1,523 $ 62 $ (830) $ 755 **Adjusted to exclude marketable securities from the ending balance and to include the change in marketable securities in the cash flows from investing/capital expenditures line. $ in millions

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SEC Regulation G Non-GAAP Reconciliations

Earnings (loss) before interest, taxes, depreciation, and amortization (“EBITDA”) reconciliation:

Quarters

Ended Years Ended Quarter October 31,

Ended October 31, (in(millions)

July 31, 2013

2013 2012 2013 2012

Loss from continuing operations attributable to NIC, net of tax

(237) (153) (2,737) (857) (2,939)

Plus:

Depreciation and amortization expense

88 87 77 417 323

Manufacturing interest expense(A)

59 63 56 251 171

Less:

Income tax benefit (expense)

(16) 224 (2,167) 171 (1,780)

EBITDA

$(74) $(227) $(437) $(360) $ (665)

(A) Manufacturing interest expense is the net interest expense primarily generated for borrowings that support the manufacturing and corporate operations, adjusted to

eliminate intercompany interest expense with our Financial Services segment. The following table reconciles Manufacturing interest expense to the consolidated

interest expense:

Quarters Ended Years Ended October 31,

October 31, Quarter

Ended (in millions)

July 31, 2013

2013 2012 2013 2012

Interest expense

$ 76 $ 81 $ 77 $ 321 $ 259

Less:

Financial services interest expense

17 18 21 70 88

Manufacturing interest expense

$59 $63 $56 $251 $171

Adjusted EBITDA reconciliation:

Quarter Ended

(in millions)

October 31, 2013

Q4 2013 EBITDA (reconciled above)

$(227)

Less expenses of:

Adjustments to pre-existing warranties(A) (152)

Asset impairments charges(B) (80)

Adjustedj Q4Q 2013 EBITDA $5

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Significant Items Included Within Our Results Quarter Ended October 31, Year Ended October 31, (in millions) 2013 2012 2013 2012 Expense (income): Adjustments to pre-existing warranties(A) $ 152 $ 149 $ 404 $ 404 Asset impairment charges(B) 80 — 97 38 Cost-reduction actions and other strategic initiatives(C) 11 73 11 73 Charges for non-conformance penalties(D) 7 14 36 36 34 34 Accelerated depreciation(E) 2 2 — — 41 41 — — Monaco RV divestiture(F)— — 24 — Mahindra Joint Ventures divestiture(G) — — (26) — Legal settlement(H) — — (35) — — Intraperiod tax allocation(I) (220) — (220) — Income tax valuation allowance release(J) — 2,206 — 1,785 (A) The charges for adjustments to pre-existing warranties were primarily related to certain 2010 emission standard engines, which included charges related to extended warranty contracts, as well as costs related to certain field campaigns we initiated to address issues in products sold. (B) In 2013, the North America Truck segment recognized asset impairment charges. The charges consisted of: (i) $77 million of charges related to the impairment of the entire goodwill balance related to the North America Truck segment, which was recorded in the fourth quarter of 2013, and (ii) $19 million of other asset impairment charges, which were primarily the result of our ongoing evaluation of our portfolio of assets to validate their strategic and financial fit, which led to the discontinuation of certain engineering programs related to products that were determined to be outside of our core operations or not performing to our expectations. In the first quarter of 2012, the Company recognized asset impairment charges of $38 million that resulted from the decision to idle Workhorse Custom Chassis business, of which, $28 million was recognized in the Loss from discontinued operations, net of tax and $10 million was recognized by the North America Parts segment. (C) In the quarter ended October 31, 2013, the Company leveraged efficiencies identified through redesigning our organizational structure and began implementing new cost-reduction initiatives, including an enterprise-wide reduction-in-force. As a result of these actions, the Company recognized restructuring charges of $11 million in the fourth quarter and year ended October 31, 2013. In the quarter ended October 31, 2012, the Company announced actions to control spending across the Company with targeted reductions of certain costs. As a result of these actions, the Company recognized restructuring charges of $73 million in the quarter and year ended October 31, 2012. (D) The North America Truck segment recorded charges for non-conformance penalties, primarily for certain 13L engine sales. (E) Of the total charges for accelerated depreciation in the year ended October 31, 2013, $21 million, which included the $2 million recognized in the fourth quarter of 2013, were primarily related to certain assets affected by the discontinuation of certain engine programs, particularly the MaxxForce15L, and $20 million was related to certain assets related to the closure of our Garland Facility. (F) In May 2013, the Company divested substantially all of our interest in the operations of Monaco. As a result of the divestiture, the Company impaired certain assets and recognized a loss totaling $24 million in the year ended October 31, 2013. The loss was included in the Loss from discontinued operations, net of tax. (G) In the second quarter of 2013, the Company sold its stake in the Mahindra Joint Ventures to Mahindra. As a result of the divestiture, the Company recognized a gain of $26 million in the year ended October 31, 2013. (H) As a result of the legal settlement in December 2012, the Company received cash proceeds of $35 million in the year ended October 31, 2013. (I) In the quarter ended October 31, 2013, the Company met the criteria necessary to apply the exception within the intraperiod tax allocation rules, since we incurred a loss from continuing operations and income was recognized in both Total other comprehensive income (loss) and Additional paid in capital. As a result, the Company recorded income tax benefit of $220 million was recorded in Income tax benefit (expense) related to continuing operations, and an offsetting tax expense of $212 million and $8 million in Total other comprehensive income (loss) and Additional paid in capital, respectively. (J) In the quarter and year ended October 31, 2012, the Company recognized an income tax expense of $2.0 billion for the increase in our income tax valuation allowance on our U.S. deferred tax assets, as well as an income tax expense of $233 million relating to the reversal of income tax benefits recorded during the first nine months of 2012. In the year ended October 31, 2012, the Company also recognized an income tax benefit of $189 million from the release of a significant portion of our valuation allowance on our Canadian deferred tax assets in the second quarter of 2012. The above items, except for the tax-related items, did not have a material impact on taxes due to the valuation allowances on our U.S. deferred tax assets, which was established in the fourth quarter of 2012.

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