Navistar InternationalCorp

2701 Navistar DrPhone: (331) 332-5000 LISLE, IL 60532-3637 United States Ticker: NAV

Latest Financial Statements as of 7/31/2017

Business Summary

Navistar International Corporation is a holding company whose principal operating entities are Navistar, Inc.and Navistar Financial Corporation (NFC). The Company's segments include Truck, Parts, Global Operations(collectively, Manufacturing operations) and Financial Services, which consists of NFC and its foreign financeoperations (collectively, Financial Services operations). The Truck segment manufactures and distributes Class4 through 8 trucks, buses and military vehicles under the International and IC Bus brands, along withproduction of engines. The Parts segment supports its brands of International commercial trucks, IC buses andengines. The Global Operations segment includes operations of its subsidiary, International Industria deMotores da America do Sul Ltda. (IIAA). The Financial Services segment provides and manages retail, wholesaleand lease financing of products sold by the Truck and Parts segments and their dealers.

Employees: 11,300 (as of 10/31/2016) Federal Tax Id: 363359573

Credit Scores

FRISK® Score 3 11/7/2017

Probability of bankruptcy range: 2.10% - 4.00%

Z" Score -2.10 (Fiscal Danger) 7/31/2017

Auditor Information

Last Audit: 10/31/2016

Auditors: KPMG LLP

Opinion: Unqualified

Agency Credit Ratings

RatingAgency

Long TermRating Outlook

Short TermRating Watch

Moody's B3 Stable SGL-3 OFF

S&P B- Stable NM

Fitch B- Stable NR

DBT Index

7/2017 8/2017 9/2017

9 9 9(Includes DBT Indexes from Subsidiaries)

Days Sales Outstanding

Third Quarter and Year-to-Date Results

Sales for the 3 months ended 7/31/2017 increased 6.09% to $2.21 billion from last year's comparable period amountof $2.09 billion. Sales for the 9 months ended 7/31/2017 decreased 1.26% to $5.97 billion from $6.05 billion for thesame period last year.

Gross profit margin increased 24.62% for the period to $410.00 million (18.53% of revenues) from $329.00 million(15.77% of revenues) for the same period last year. Gross profit margin increased 4.18% for the year-to-date periodto $1.02 billion (17.13% of revenues) from $982.00 million (16.24% of revenues) for the comparable 9 month periodlast year.

Selling, general and administrative expenses for the period increased 18.27% to $233.00 million compared with$197.00 million for the same period last year. Selling, general and administrative expenses for the 9 monthsended 7/31/2017 increased 8.28% to $654.00 million from $604.00 million for the same period last year.

Operating income for the period increased 107.94% to $131.00 million compared with operating income of $63.00million for the same period last year. Operating income for the year-to-date period decreased 17.21% to $178.00million compared with operating income of $215.00 million for the equivalent 9 months last year.

Net income for the period increased 208.82% to $37.00 million compared with net income of ($34.00) million forthe same period last year. Net loss for the year-to-date period increased 34.62% to ($105.00) million comparedwith net loss of ($78.00) million for the equivalent 9 months last year.

Net cash from operating activities was ($168.00) million for the 9 month period, compared to net cash fromoperating activities of ($14.00) million for last year's comparable period.

Working capital at 7/31/2017 of $767.00 million increased 37.95% from the prior year end's balance of $556.00million, and increased 220.92% from $239.00 million at the end of last year's same period.

Inventories increased by $35.00 million for the year-to-date period, compared to a $51.00 million decrease in theprior year's comparable period.

Accounts payable increased by $100.00 million for the year-to-date period, compared to a $298.00 milliondecrease in the prior year's comparable period.

Worldwide Service - Trial User

Copyright © 2017 by CreditRiskMonitor.com (Ticker: CRMZ®). All rights reserved. Reproduction not allowed without express permission byCreditRiskMonitor. The information published above has been obtained from sources CreditRiskMonitor considers to be reliable. CreditRiskMonitor and its third-party suppliers do not guarantee the accuracy and completeness of the information and specifically do notassume responsibility for not reporting any information omitted or withheld. The FRISK® scores, agency ratings, credit limit recommendationsand other scores, analysis and commentary are opinions of CreditRiskMonitor and/or its suppliers, not statements of fact, and should be one ofseveral factors in making credit decisions. No warranties of results to be obtained, merchantability or fitness for a particular purpose are madeconcerning the CreditRiskMonitor Service. By using this website, you accept the Terms of Use Agreement.

Contact Us: 845.230.3000

Fundamental financial data concerning public companies may be provided by Thomson Reuters (click for restrictions)Tuesday, November 07, 2017

Copyright © 2017, Standard & Poor’s Financial Services LLC. Reproduction of RatingsXpress-Credit Research in any form is prohibited except withthe prior written permission of Standard & Poor’s Financial Services LLC or its affiliates ("S&P"). S&P does not guarantee the accuracy,completeness, timeliness or availability of any information, including ratings or research, and is not responsible for any errors or omissions(negligent or otherwise), regardless of the cause, or for the results obtained from the use of such information. S&P GIVES NO EXPRESS ORIMPLIED WARRANTIES, INCLUDING, BUT NOT LIMITED TO, ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSEOR USE . S&P SHALL NOT BE LIABLE FOR ANY DIRECT, INDIRECT, INCIDENTAL, EXEMPLARY, COMPENSATORY, PUNITIVE, SPECIAL ORCONSEQUENTIAL DAMAGES, COSTS, EXPENSES, LEGAL FEES, OR LOSSES (INCLUDING LOST INCOME OR PROFITS AND OPPORTUNITY COSTS ORLOSSES CAUSED BY NEGLIGENCE) IN CONNECTION WITH ANY USE OF RATINGS OR RESEARCH. S&P’s ratings and research are statements ofopinions and are not statements of fact or recommendations to purchase, hold or sell securities. They do not address the market value ofsecurities or the suitability of securities for investment purposes, and should not be relied on as investment advice.

Copyright © 2017, Moody's Investor Service, Inc. and its licensors ("Moody's"). Moody's ratings ("Ratings") are proprietary to Moody's and/or itslicensors and are protected by copyright and other intellectual property laws. Ratings are licensed to Distributor by Moody's. RATINGS MAYNOT BE COPIED OR OTHERWISE REPRODUCED, REPACKAGED, FURTHER TRANSMITTED, TRANSFERRED, DISSEMINATED, REDISTRIBUTED ORRESOLD, OR STORED FOR SUBSEQUENT USE FOR ANY SUCH PURPOSE, IN WHOLE OR IN PART, IN ANY FORM OR MANNER OR BY ANY MEANSWHATSOEVER, BY ANY PERSON WITHOUT MOODY'S PRIOR WRITTEN CONSENT.

Commercial Credit Report for Navistar International Corp - Snapshot

Page 1 of 3

Navistar InternationalCorp

2701 Navistar DrPhone: (331) 332-5000 LISLE, IL 60532-3637 United States Ticker: NAV

Latest Financial Statements as of 7/31/2017

Business Summary

Navistar International Corporation is a holding company whose principal operating entities are Navistar, Inc.and Navistar Financial Corporation (NFC). The Company's segments include Truck, Parts, Global Operations(collectively, Manufacturing operations) and Financial Services, which consists of NFC and its foreign financeoperations (collectively, Financial Services operations). The Truck segment manufactures and distributes Class4 through 8 trucks, buses and military vehicles under the International and IC Bus brands, along withproduction of engines. The Parts segment supports its brands of International commercial trucks, IC buses andengines. The Global Operations segment includes operations of its subsidiary, International Industria deMotores da America do Sul Ltda. (IIAA). The Financial Services segment provides and manages retail, wholesaleand lease financing of products sold by the Truck and Parts segments and their dealers.

Employees: 11,300 (as of 10/31/2016) Federal Tax Id: 363359573

Credit Scores

FRISK® Score 3 11/7/2017

Probability of bankruptcy range: 2.10% - 4.00%

Z" Score -2.10 (Fiscal Danger) 7/31/2017

Auditor Information

Last Audit: 10/31/2016

Auditors: KPMG LLP

Opinion: Unqualified

Agency Credit Ratings

RatingAgency

Long TermRating Outlook

Short TermRating Watch

Moody's B3 Stable SGL-3 OFF

S&P B- Stable NM

Fitch B- Stable NR

DBT Index

7/2017 8/2017 9/2017

9 9 9(Includes DBT Indexes from Subsidiaries)

Days Sales Outstanding

Third Quarter and Year-to-Date Results

Sales for the 3 months ended 7/31/2017 increased 6.09% to $2.21 billion from last year's comparable period amountof $2.09 billion. Sales for the 9 months ended 7/31/2017 decreased 1.26% to $5.97 billion from $6.05 billion for thesame period last year.

Gross profit margin increased 24.62% for the period to $410.00 million (18.53% of revenues) from $329.00 million(15.77% of revenues) for the same period last year. Gross profit margin increased 4.18% for the year-to-date periodto $1.02 billion (17.13% of revenues) from $982.00 million (16.24% of revenues) for the comparable 9 month periodlast year.

Selling, general and administrative expenses for the period increased 18.27% to $233.00 million compared with$197.00 million for the same period last year. Selling, general and administrative expenses for the 9 monthsended 7/31/2017 increased 8.28% to $654.00 million from $604.00 million for the same period last year.

Operating income for the period increased 107.94% to $131.00 million compared with operating income of $63.00million for the same period last year. Operating income for the year-to-date period decreased 17.21% to $178.00million compared with operating income of $215.00 million for the equivalent 9 months last year.

Net income for the period increased 208.82% to $37.00 million compared with net income of ($34.00) million forthe same period last year. Net loss for the year-to-date period increased 34.62% to ($105.00) million comparedwith net loss of ($78.00) million for the equivalent 9 months last year.

Net cash from operating activities was ($168.00) million for the 9 month period, compared to net cash fromoperating activities of ($14.00) million for last year's comparable period.

Working capital at 7/31/2017 of $767.00 million increased 37.95% from the prior year end's balance of $556.00million, and increased 220.92% from $239.00 million at the end of last year's same period.

Inventories increased by $35.00 million for the year-to-date period, compared to a $51.00 million decrease in theprior year's comparable period.

Accounts payable increased by $100.00 million for the year-to-date period, compared to a $298.00 milliondecrease in the prior year's comparable period.

Worldwide Service - Trial User

Copyright © 2017 by CreditRiskMonitor.com (Ticker: CRMZ®). All rights reserved. Reproduction not allowed without express permission byCreditRiskMonitor. The information published above has been obtained from sources CreditRiskMonitor considers to be reliable. CreditRiskMonitor and its third-party suppliers do not guarantee the accuracy and completeness of the information and specifically do notassume responsibility for not reporting any information omitted or withheld. The FRISK® scores, agency ratings, credit limit recommendationsand other scores, analysis and commentary are opinions of CreditRiskMonitor and/or its suppliers, not statements of fact, and should be one ofseveral factors in making credit decisions. No warranties of results to be obtained, merchantability or fitness for a particular purpose are madeconcerning the CreditRiskMonitor Service. By using this website, you accept the Terms of Use Agreement.

Contact Us: 845.230.3000

Fundamental financial data concerning public companies may be provided by Thomson Reuters (click for restrictions)Tuesday, November 07, 2017

Copyright © 2017, Standard & Poor’s Financial Services LLC. Reproduction of RatingsXpress-Credit Research in any form is prohibited except withthe prior written permission of Standard & Poor’s Financial Services LLC or its affiliates ("S&P"). S&P does not guarantee the accuracy,completeness, timeliness or availability of any information, including ratings or research, and is not responsible for any errors or omissions(negligent or otherwise), regardless of the cause, or for the results obtained from the use of such information. S&P GIVES NO EXPRESS ORIMPLIED WARRANTIES, INCLUDING, BUT NOT LIMITED TO, ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSEOR USE . S&P SHALL NOT BE LIABLE FOR ANY DIRECT, INDIRECT, INCIDENTAL, EXEMPLARY, COMPENSATORY, PUNITIVE, SPECIAL ORCONSEQUENTIAL DAMAGES, COSTS, EXPENSES, LEGAL FEES, OR LOSSES (INCLUDING LOST INCOME OR PROFITS AND OPPORTUNITY COSTS ORLOSSES CAUSED BY NEGLIGENCE) IN CONNECTION WITH ANY USE OF RATINGS OR RESEARCH. S&P’s ratings and research are statements ofopinions and are not statements of fact or recommendations to purchase, hold or sell securities. They do not address the market value ofsecurities or the suitability of securities for investment purposes, and should not be relied on as investment advice.

Copyright © 2017, Moody's Investor Service, Inc. and its licensors ("Moody's"). Moody's ratings ("Ratings") are proprietary to Moody's and/or itslicensors and are protected by copyright and other intellectual property laws. Ratings are licensed to Distributor by Moody's. RATINGS MAYNOT BE COPIED OR OTHERWISE REPRODUCED, REPACKAGED, FURTHER TRANSMITTED, TRANSFERRED, DISSEMINATED, REDISTRIBUTED ORRESOLD, OR STORED FOR SUBSEQUENT USE FOR ANY SUCH PURPOSE, IN WHOLE OR IN PART, IN ANY FORM OR MANNER OR BY ANY MEANSWHATSOEVER, BY ANY PERSON WITHOUT MOODY'S PRIOR WRITTEN CONSENT.

Commercial Credit Report for Navistar International Corp - Snapshot

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Navistar InternationalCorp

2701 Navistar DrPhone: (331) 332-5000 LISLE, IL 60532-3637 United States Ticker: NAV

Latest Financial Statements as of 7/31/2017

Business Summary

Navistar International Corporation is a holding company whose principal operating entities are Navistar, Inc.and Navistar Financial Corporation (NFC). The Company's segments include Truck, Parts, Global Operations(collectively, Manufacturing operations) and Financial Services, which consists of NFC and its foreign financeoperations (collectively, Financial Services operations). The Truck segment manufactures and distributes Class4 through 8 trucks, buses and military vehicles under the International and IC Bus brands, along withproduction of engines. The Parts segment supports its brands of International commercial trucks, IC buses andengines. The Global Operations segment includes operations of its subsidiary, International Industria deMotores da America do Sul Ltda. (IIAA). The Financial Services segment provides and manages retail, wholesaleand lease financing of products sold by the Truck and Parts segments and their dealers.

Employees: 11,300 (as of 10/31/2016) Federal Tax Id: 363359573

Credit Scores

FRISK® Score 3 11/7/2017

Probability of bankruptcy range: 2.10% - 4.00%

Z" Score -2.10 (Fiscal Danger) 7/31/2017

Auditor Information

Last Audit: 10/31/2016

Auditors: KPMG LLP

Opinion: Unqualified

Agency Credit Ratings

RatingAgency

Long TermRating Outlook

Short TermRating Watch

Moody's B3 Stable SGL-3 OFF

S&P B- Stable NM

Fitch B- Stable NR

DBT Index

7/2017 8/2017 9/2017

9 9 9(Includes DBT Indexes from Subsidiaries)

Days Sales Outstanding

Third Quarter and Year-to-Date Results

Sales for the 3 months ended 7/31/2017 increased 6.09% to $2.21 billion from last year's comparable period amountof $2.09 billion. Sales for the 9 months ended 7/31/2017 decreased 1.26% to $5.97 billion from $6.05 billion for thesame period last year.

Gross profit margin increased 24.62% for the period to $410.00 million (18.53% of revenues) from $329.00 million(15.77% of revenues) for the same period last year. Gross profit margin increased 4.18% for the year-to-date periodto $1.02 billion (17.13% of revenues) from $982.00 million (16.24% of revenues) for the comparable 9 month periodlast year.

Selling, general and administrative expenses for the period increased 18.27% to $233.00 million compared with$197.00 million for the same period last year. Selling, general and administrative expenses for the 9 monthsended 7/31/2017 increased 8.28% to $654.00 million from $604.00 million for the same period last year.

Operating income for the period increased 107.94% to $131.00 million compared with operating income of $63.00million for the same period last year. Operating income for the year-to-date period decreased 17.21% to $178.00million compared with operating income of $215.00 million for the equivalent 9 months last year.

Net income for the period increased 208.82% to $37.00 million compared with net income of ($34.00) million forthe same period last year. Net loss for the year-to-date period increased 34.62% to ($105.00) million comparedwith net loss of ($78.00) million for the equivalent 9 months last year.

Net cash from operating activities was ($168.00) million for the 9 month period, compared to net cash fromoperating activities of ($14.00) million for last year's comparable period.

Working capital at 7/31/2017 of $767.00 million increased 37.95% from the prior year end's balance of $556.00million, and increased 220.92% from $239.00 million at the end of last year's same period.

Inventories increased by $35.00 million for the year-to-date period, compared to a $51.00 million decrease in theprior year's comparable period.

Accounts payable increased by $100.00 million for the year-to-date period, compared to a $298.00 milliondecrease in the prior year's comparable period.

Worldwide Service - Trial User

Copyright © 2017 by CreditRiskMonitor.com (Ticker: CRMZ®). All rights reserved. Reproduction not allowed without express permission byCreditRiskMonitor. The information published above has been obtained from sources CreditRiskMonitor considers to be reliable. CreditRiskMonitor and its third-party suppliers do not guarantee the accuracy and completeness of the information and specifically do notassume responsibility for not reporting any information omitted or withheld. The FRISK® scores, agency ratings, credit limit recommendationsand other scores, analysis and commentary are opinions of CreditRiskMonitor and/or its suppliers, not statements of fact, and should be one ofseveral factors in making credit decisions. No warranties of results to be obtained, merchantability or fitness for a particular purpose are madeconcerning the CreditRiskMonitor Service. By using this website, you accept the Terms of Use Agreement.

Contact Us: 845.230.3000

Fundamental financial data concerning public companies may be provided by Thomson Reuters (click for restrictions)Tuesday, November 07, 2017

Copyright © 2017, Standard & Poor’s Financial Services LLC. Reproduction of RatingsXpress-Credit Research in any form is prohibited except withthe prior written permission of Standard & Poor’s Financial Services LLC or its affiliates ("S&P"). S&P does not guarantee the accuracy,completeness, timeliness or availability of any information, including ratings or research, and is not responsible for any errors or omissions(negligent or otherwise), regardless of the cause, or for the results obtained from the use of such information. S&P GIVES NO EXPRESS ORIMPLIED WARRANTIES, INCLUDING, BUT NOT LIMITED TO, ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSEOR USE . S&P SHALL NOT BE LIABLE FOR ANY DIRECT, INDIRECT, INCIDENTAL, EXEMPLARY, COMPENSATORY, PUNITIVE, SPECIAL ORCONSEQUENTIAL DAMAGES, COSTS, EXPENSES, LEGAL FEES, OR LOSSES (INCLUDING LOST INCOME OR PROFITS AND OPPORTUNITY COSTS ORLOSSES CAUSED BY NEGLIGENCE) IN CONNECTION WITH ANY USE OF RATINGS OR RESEARCH. S&P’s ratings and research are statements ofopinions and are not statements of fact or recommendations to purchase, hold or sell securities. They do not address the market value ofsecurities or the suitability of securities for investment purposes, and should not be relied on as investment advice.

Copyright © 2017, Moody's Investor Service, Inc. and its licensors ("Moody's"). Moody's ratings ("Ratings") are proprietary to Moody's and/or itslicensors and are protected by copyright and other intellectual property laws. Ratings are licensed to Distributor by Moody's. RATINGS MAYNOT BE COPIED OR OTHERWISE REPRODUCED, REPACKAGED, FURTHER TRANSMITTED, TRANSFERRED, DISSEMINATED, REDISTRIBUTED ORRESOLD, OR STORED FOR SUBSEQUENT USE FOR ANY SUCH PURPOSE, IN WHOLE OR IN PART, IN ANY FORM OR MANNER OR BY ANY MEANSWHATSOEVER, BY ANY PERSON WITHOUT MOODY'S PRIOR WRITTEN CONSENT.

Commercial Credit Report for Navistar International Corp - Snapshot

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