Slide Presentation

NYSE: NAV

Investor & Analyst Day

Melrose Park

Tuesday, January 25, 2011

Exhibit 99.1

NYSE: NAV

Safe Harbor

Statement

Information provided and statements contained in this presentation 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

presentation and the Company assumes no obligation to update the

information included in this

presentation. Such forward-looking statements include information concerning our possible or assumed

future results of operations, including descriptions of our business strategy. These statements often

include words such as “believe,”

“expect,”

“anticipate,”

“intend,”

“plan,”

“estimate,”

or similar

expressions. These statements are not guarantees of performance or results and they involve risks,

uncertainties, and assumptions. For a further description of these factors, see Item

1A, Risk Factors,

included within our Form 10-K for the year ended October

31, 2010, which was filed on

December 21, 2010. 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.

NYSE: NAV

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.

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 expenses 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.

A reconciliation to the most appropriate GAAP

number is included in the appendix of this presentation.

NYSE: NAV

Dan Ustian

Chairman, President and

Chief Executive Officer

NYSE: NAV

Agenda

•

Jack Allen, President, N.A. Truck Group

•

Archie Massicotte, President, Navistar Defense

•

Eric Tech, President, Engine Group

•

Dee Kapur, President, Truck Group

•

A.J. Cederoth, EVP & CFO

•

Q&A

•

Product and Technology Tour

NYSE: NAV

Strategy: Leveraging What We Have and

What Others Have Built

Note: This slide includes information presented on a non-GAAP basis. Please see Reg

G in the Appendix and A. J. Cederoth’s

section for a reconciliation of revenue.

NYSE: NAV

Consistent Earnings

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

G in appendix for detailed reconciliation.

NYSE: NAV

Purchased Engines

9900

SCHOOL BUS

9200 / 9400

Global Powertrain

7.2L

9.3L

4.8L

2007 Product Offerings

Leader in Products, Technology and

Innovation

2011 Product Offerings –

Well Positioned For the Future

NYSE: NAV

Competitive Cost

Structure

Profitable

Growth

Great

Products

•

15L

•

Cat North America

•

Global Cab over

2011 Actions to Complete Strategy

•

Flexible

Manufacturing

•

Suppliers

•

Market share/Scale

•

Global

•

Bus –

Global

•

Parts –

Big Bore

$20 Billion with $1.8 Manufacturing Segment Profit at 350K Unit Industry

Note: Please see 2011 Guidance Slide in Appendix for additional assumptions.

NYSE: NAV

Strategic Framework Remains Intact

DIFFERENTIATION &

LEADERSHIP

NYSE: NAV

Differentiate and Leadership

•

2010 Emissions

•

Flexible Manufacturing

•

13L vs. 15L

•

Ride and Performance

•

Dealer

•

Military

MaxxForce

Navistar’s

dealer

distribution

network

NYSE: NAV

Protect Shareholder Value

•

Trucks and Engines

•

Flexible

Manufacturing

Controlling Destiny

Leveraging Assets

•

Minimize Change

EGR

•

Huntsville

•

13L

EAP

GAP

CAP

SAP

TBP

HEP

CBP

MPP

Navistar’s

manufacturing

locations

NYSE: NAV

Continued Success in 2011

Note: Please see 2011 Guidance Slide in Appendix for additional assumptions.

NYSE: NAV

Integration

Melrose Park

Lisle

•

90 acres and 1.2M sq. ft.

•

$700-800M original cost to

Lucent (our cost is $34M plus

upgrades)

Benefits

•

Integration

•

Tax incentives ~$100M

•

$60 -

$80M cost reductions

NYSE: NAV

Jack Allen

President, North America Truck Group

NYSE: NAV

North American Truck Strategy

•

Great Products

Leadership and Differentiation

•

Costs

Scale / Labor / Manufacturing

•

Growth

Market Share, New Markets,

New Business

10% Return on Sales

NYSE: NAV

Strong Actions During Recession Lead to Success in

Core North America Market Recovery

Source: Ward’s Automotive

NYSE: NAV

Integrated Truck and Engines

Broadest Integrated Application Based Product Line

Source: Ward’s Automotive

NYSE: NAV

Products –

New and Differentiated

Market Advantages

Leading in fuel economy

Lightest weight

Driver comfort and ride/handling

EGR for customer convenience,

cost, quality

Over 50,000 ProStar’s on the road today

Source: Ward’s Automotive

NYSE: NAV

Products –

New and Differentiated

60,000 unit Class 4/5 market –

20% share goal

Commercial alternative to pick-up truck

Leverage Assets –

6 months to market

EGR based MF7 engine

3,000 in 2011; 12,000 mature

Crew cab, 4x4, gas engine

NYSE: NAV

Products –

New and Differentiated

MaxxForce

Engines Family

Lightweight

Fuel efficient

High performance

Advanced EGR

NYSE: NAV

Products –

New and Differentiated

Broadest Application Based Product Line

Class 4 –

8 Integrated Engines and Trucks

Class 4/5, Medium, School Bus, Severe Service, Sleepers, Regional Haul, Niches

NYSE: NAV

Results

Market Share Growth

New Dealers

North America

Part Sales

Source: Ward’s Automotive

(U.S., Canada, Mexico and Uptime Parts, excludes Military)

NYSE: NAV

Results

Market Share Growth

Great products

EGR preference

Dealer advantage

Broad customer applications

~+2pp

~+6pp

~+9pp

Steady

NYSE: NAV

Results

North America Parts Sales

Recent Successes

Customer reach

Product breadth

Market share growth

Future Opportunities

MaxxForce

engines

TerraStar™

New businesses

Improving fleet utilization

(U.S., Canada, Mexico and Uptime Parts, excludes Military)

NYSE: NAV

Results

New Dealers

Distribution Network

•

Investments to strengthen the

best dealer network in the

industry

•

12 new dealers in key major

market areas

•

Solid experience from proven

leaders in truck and related

industries…

Freightliner,

Volvo, Mack, Caterpillar,

Peterbilt, Sterling

NYSE: NAV

North America Truck Strategy

Leverage Assets

Controlling Destiny

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Cost Reduction

•

Fully flexible –

common platforms and

common manufacturing processes

•

Optimized lowest cost in industry

Logistics -

Menlo

Inbound / Outbound freight

Assembly cost

New Labor Agreement

•

Improved Springfield competitiveness

2 tier wages

Temporary workers for market fluctuations

Profit sharing eliminated

Model build flexibility

•

Ft. Wayne closure

Integrated product development: R&D, engineering

purchasing, manufacturing in Chicago

Material Cost

Global Sourcing

–

MNAL -

India

–

JAC -

China

–

MWM –

South America

–

Escobedo -

Mexico

•

Commodity Mitigation

Manufacturing Flexibility

TAP

Manufacturing Cost

JAC JV pending government approval

Common Platform = Scale

NYSE: NAV

Results

•

Improved margins and lowered break-even volume

–

2010 material cost

–

2010 manufacturing costs

–

Favorable customer and product mix

•

Contained warranty cost and SG&A

•

Converted company owned DealCor locations to private

ownership

> $200M

NYSE: NAV

Investing in Adjacent Niche Businesses

Strategy: Create Value by Providing Integrated Truck and Bodies

Control Destiny --

Trucks

Bodies

Dealers

Customers

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Market Recovering

2009

$ 5.4

$ -

2010

$ 6.1

$ 0.3

2011

$ 8 -

$ 9

< $ 1.0

*@350k

$11 -

$12

$ 1 -

$ 3

Anticipated Revenue

from Core** Business, $B

Niche Business***

Revenue, $B

Freight levels

Fleet Age

Used Truck Values, Inventory

Cost Pressures -

Emissions

Decreased Government Spending

Fleet Failures

**Core is defined as U.S. and Canada Class 6-8, Truck and School Bus

***Excludes DealCor, UTO, Mexico, BDT

Traditional Industry

Normal Range

2011

240k to 260k

25% -

35%

NYSE: NAV

Positioned for Profit and Growth in

Market Recovery

Improving Margins and Lowering Breakeven Volumes

Growing market share in all segments

Investing in New Products and Adjacent Niche Markets

Improving Distribution

NYSE: NAV

Improving Margins and Lowering Breakeven Volumes

Growing market share in all segments

Investing in New Products and Adjacent Niche Markets

Improving Distribution

Positioned for Profit and Growth in

Market Recovery

In a Class 8 industry of 166,000 for 2011, need 40,600 Sales

Current Built + Orders = 16,000+ (40%)

Class 8 Market Share

NYSE: NAV

Positioned for Profit and Growth in

Market Recovery

Improving Margins and Lowering Breakeven Volumes

Growing market share in all segments

Investing in New Products and Adjacent Niche Markets

Improving Distribution

NYSE: NAV

Archie Massicotte

President, Navistar Defense

NYSE: NAV

$1.5 -

$2 Billion –

Sustainable

30,000+ Units

2008

2009

2010

2011+

> $2B

$1.5-$2.0B

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Military Differentiation –

Leveraging Commercial Expertise

SUSTAINMENT

•

1,100 locations worldwide

•

80 plus locations in 70

countries

MANUFACTURING

•

Extremely flexible assembly

facilities to meet urgent

requirements

ENGINEERING

•

3,000 Engineers

•

Designed for assembly

•

Rapid response

•

Global resources/capabilities

–

Suppliers integrated into

design

ENABLERS FOR OUR SUCCESS

NYSE: NAV

School Bus

Class 6 and 7

Combined

Class 8

Engines

Class 4 and 5

Existing Platforms + Survivability Solutions = Success

Navistar Defense

Leveraging Commercial Platforms

NYSE: NAV

Leveraging Commercial Platforms

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“Don’t be a traditional

defense contractor.”

Dash w/ ISS

MaxxPro 1.5

MaxxPro 1.0

Dash w/out ISS

MEAP

Ambulance

Wrecker

MaxxPro FOV

Rolling Chassis & Kits

Leveraging Military Platforms

NYSE: NAV

DOD Budget

DOD Preps For 'Worst Of All Possible'

FY-11 Budget Scenarios Inside Defense

A year-long CR, said the senior Pentagon official,

“wouldn't destroy the republic, but it would certainly be

inconsistent with what we're trying to do in terms of smart

management of the department.”

Era of Efficiency

•New programs may be affected

•Government will look to industry for:

Higher quality

Lower cost

Quicker development

•Sustainment of existing vehicle

fleets will continue (increase)

NYSE: NAV

Top 15

Countries

International Market

Global Defense Budgets

China

United Kingdom

France

Japan

Saudi Arabia

Germany

India

Italy

Russia

10.

S. Korea

11.

Brazil

12.

Canada

13.

Australia

14.

Spain

15.

Turkey

Iran

Colombia

Israel

Netherlands

Poland

Taiwan

Greece

Singapore

United Arab Emirates

Sweden

Norway

Pakistan

Egypt

Algeria

Belgium

Thailand

Switzerland

Oman

Chile

Denmark

•

Slowing U.S. Defense budgets, but ND participates in 26 countries

•

Tighter budgets provide advantages to commercially-based contractors

Jane’s

Information Group Inc., 2010.

Next in

Rank

Current Business

Discussions

Future Opportunities

Excluded Markets

NYSE: NAV

Afghanistan

FMS MaxxPro

Afghan National Army

MXT (UK Husky)

MaxxPro

Wrecker

Afghan National Police

Dash w/ DXM /

MaxxPro

Variants

NYSE: NAV

Navistar Defense Projected Revenue

2011

2012

2013

2014+

2011 Revenue

$1.5 to $2.0B

Base Plan

U.S. and

FMS

Vehicles

Direct

Foreign

Vehicles

Services

Capability

Insertion

Parts

NYSE: NAV

Navistar Defense

We act like our customers lives depend on us.

Because they do..

NYSE: NAV

Eric Tech

President, Engine Group

NYSE: NAV

Diversification and Growth

Leading Commercial

Diesel Engine Producer

Initiated

Diversification

Strategy

Begin Life

Without Ford

Balanced

Diversification

Achieved

2007

2010

2013

Future

NYSE: NAV

Three Businesses In One

TRUCK GROUP

OEM

Captive

Operating From Three Perspectives

Components

NYSE: NAV

Captive: Supporting Navistar Truck

100K

Growth Drivers

•

North American Market Recovery

•

Global Truck Growth

•

Expanded Product Range

•

Competitive Advantage

Value to Navistar Truck

•

Product Differentiation

•

Full Range of Engines & Parts

•

Competitive Cost Structure

300K+

NYSE: NAV

OEM: Delivering Profitable Growth

Growth Drivers

•

North American OEM Penetration

•

Continued Brazil Growth

•

Global OEM Penetration

•

Higher Off-Road Penetration

Value to Navistar

•

Higher Niche Market Profit

•

Growth from Existing Assets

•

Lower Risk Thru Diversification

150K

300K+

NYSE: NAV

Pure Power Technologies (PPT):

Controlling Our Destiny

Growth Drivers

•

Expanded Product Portfolio

•

Greater Life-Cycle Value Captured

•

Accelerated OEM Penetration

•

Move to Adjacent Markets

Value to Navistar

•

Competitive Advantage

•

Competitive Cost Structure

•

Profitable New Market Growth

$250M

~ $1B

Next Gen

Fuel

System

3000 + Bar

2700 Bar

NYSE: NAV

Beyond Transformation

First Half 2011

Moving Beyond

•

Ramping-Up with Market

•

Final Product Launches

•

Replacing Ford with OEM

•

Investing in PPT

•

NA Market Recovery

•

Production Efficiencies

•

OEM Sales Accelerating

•

PPT Sales Accelerating

Improved Cost

Structure

Increased

Volume

Improved

Profitability

NYSE: NAV

Engine Group Strategy

Controlling

Our Destiny

Profitable

Growth

Great

Products

Leveraging Our Assets

NYSE: NAV

Dee Kapur

President, Truck Group

NYSE: NAV

Global Picture: What we said

Note: This slide includes information presented on a non-GAAP basis. Please see Reg

G in the Appendix and A. J. Cederoth’s

section for a reconciliation of revenue.

NYSE: NAV

Global Picture: What We Said Last Year

•

Leading products

tailored to specific

global markets

•

Integrated powertrain

•

Leveraging Navistar

technology

•

Lean and efficient

•

~1.5M target market

•

10-20% share

•

150-300K vehicles

•

$3-5B revenue

NYSE: NAV

Australia

South Africa

Middle

East

India

Russia

Mercosur

Other

Mexico

China

North

America

5% -

8% -

10%

> 10%

Global Markets and Margins

NOTE: Average EBIT margin per region based on competitive annual reports and “World Truck Manufacturers”

average operating margins of major truck manufacturers 2003-2008.

100

200

300

600

225

375

750

1,200

NYSE: NAV

Leverage strategy/thinking/investment

Global Growth

Leveraging our Leadership

New Dealers

NYSE: NAV

India

Latin America

40T/49T

25T Tipper

31T

South Africa

Leveraging Assets: Differentiated

Products

Australia

CT630

CT610

Brazil

9800

NYSE: NAV

Leveraging Assets: Differentiated

Distribution

Currently 410 Branded Sales or Service Points

NYSE: NAV

Brazil

NYSE: NAV

South Africa

NYSE: NAV

India

NYSE: NAV

India

NYSE: NAV

Mahindra-Navistar: Reset the Standard

HyderabAd

BangalorE

NYSE: NAV

Australia

NYSE: NAV

Australia

NYSE: NAV

China

NYSE: NAV

Latin America

NYSE: NAV

Global Bus

Non-Mercosur Latin America

•Leverage Escobedo production

•Transmillennium bid in February

•Significant order backlog

Argentina

Uruguay

Chile

Mercosur Markets

•Installing chassis assembly line at

Neobus in Brasil

•Introducing integrated bus in April

NYSE: NAV

Global Picture of Success: 3-5 Years

•

Consistent overall

strategy

•

Leading products

tailored to specific

markets

•

Leveraging Navistar and

partners

•

~1.5 million target market

•

10-20% share

•

150-300K vehicles

•

$3-5 billion revenue

2010

2013

2011

2012

Volumes:

Profitability:

16,000

Investing

Global Cab-over

CAT COE Vocational

China JV

Parts growth

125,000+

Significant

returns

35,000

Breakeven

NYSE: NAV

A. J. Cederoth

Executive Vice President

& Chief Financial Officer

NYSE: NAV

Strategy -

Leveraging What We Have and What

Others Have Built

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

G in appendix for detailed reconciliation.

NYSE: NAV

2011 Key Items

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

G in appendix for detailed reconciliation.

2011 Business Drivers

•

Industry Recovering (240K –

260K)

•

Maintain Market Share –

Back-end Loaded

•

Military

$1.5B -

$2.0B Revenue

•

Low Industry / New Products

•

Global

Investing to Profitable

•

Engine OEM -

SA, 12+ New Customers

•

15L Launch

•

Engineering

Similar to 2010

2011 One-Time Items

•

Engineering Integration

•

Manufacturing

•

Valuation Allowance

NYSE: NAV

2010 to 2011

Note: Please see 2011 Guidance Slide in Appendix for additional assumptions.

NYSE: NAV

Continued Success in 2011

Note: Please see 2011 Guidance Slide in Appendix for additional assumptions.

NYSE: NAV

Revenue Potential $20B

$ Billions

GAAP Revenue

Non-GAAP Revenue

Non-Consolidated Revenue (Navistar Share)

Consolidated Revenue

Total Revenue

$20B

N.A. Revenue -

$15B

Global Revenue -

$5B

Note: Please see 2011 Guidance Slide in Appendix for additional assumptions.

$14B

$17B -

$18B

$10

$15

$20

$25

FY 2011

N. America

Industry

Core

Business

Growth

OEM Engine &

Other

Business

Growth

Contingency

Future

$2B -

$3B

$10

$15

$20

$25

FY 2011

Mahindra

NC2

Contingency

Non-GAAP

*Includes Navistar’s share of revenue from non-consolidated entities

NYSE: NAV

Segment Profit Potential: $1.8B at Peak

Note: Please see 2011 Guidance Slide in Appendix for additional assumptions.

$1.0B

$1.8B

$500

$1,000

$1,500

$2,000

$2,500

FY 2011

N. America

Core

OEM Engine

& Other

Global

Contingency

Future

NYSE: NAV

Driving Bottom Line Results

NYSE: NAV

Maximizing Shareholder Value

•

Consistent Earnings

–

From a Sustainable Strategy

–

With Predictable Results

•

Create Positive Cash Flow

–

Fund Growth Internally

–

Improve the Balance Sheet

•

Growth

–

Future Potential

NYSE: NAV

Differentiation & Leadership

NYSE: NAV

ROIC –

Leveraging Our Assets

Capital

Current

Potential

Investment

Revenue

Integrated Engines (Big Bore)

< $150M

+ / -

+ +

Military

~ $0M

~ $2.0B

Global

< $200M

< $1.0B

> $3.0B

Pure Power Technologies

< $10M

< $100M

~ $1.0B

Niches

RV's

< $50M

~ $500M

> $2.0B

Mixers

CAT

NYSE: NAV

What’s Next

Note: Please see 2011 Guidance Slide in Appendix for additional assumptions.

NYSE: NAV

2011 Objectives

More Breakthroughs

Technologies

•

Military vehicle survivability

•

Emissions

•

Fuel economy

•

Performance/Ride

Business

•

EGNR

•

Parts

•

Other

Air System

Fuel

System

A/T System

MaxxForce

NYSE: NAV

Q & A

NYSE: NAV

Appendix

NYSE: NAV

2011 Guidance

*This slide contains non-GAAP information, please see the Reg G in appendix for detailed reconciliation.

Guidance

** FY2010 includes $10M ($0.14) of cost for UAW agreement

*** 2011 Guidance does not include Engineering Integration Impact or potential Valuation Allowance release

2011

2010 Actual

Truck Industry Units

240,000

260,000

191,300

Revenue ($ Billions)

$13.6

$14.3

$12.1

($ Millions (excluding EPS))

Mfg. Segment Profit*

$962

$1,070

$741

Below the line items*

$(500)

$(515)

$(496)

Profit Excluding Tax

$462

$555

$246

Net Income attributable to NIC

$388

$466

$223

Tax Rate

16%

17%

9.4%

Diluted EPS attributable to NIC

$5.00

$6.00

$3.05**

# of shares

~77.6M

73.2M

Cash ($ Billions)

$1.2 to $1.4

$1.1

NYSE: NAV

SEC Regulation G –

Fiscal Year Comparison

Manufacturing

Segment

Profit

not

accordance

with,

alternative

for,

U.S.

generally

accepted

accounting

principles

(GAAP).

The

non-GAAP

financial

information

presented

herein

should

considered

supplemental

to,

and

not

substitute

for,

superior

to,

financial

measures

calculated

accordance

with

GAAP.

However,

believe

that

non-GAAP

reporting,

giving

effect

the

adjustments

shown

the

reconciliation

above,

provides

meaningful

information

and

therefore

use

supplement

our

GAAP

reporting

identifying

items

that

may

not

the

core

manufacturing

business.

Management

often

uses

this

information

assess

and

measure

the

performance

our

operating

segments.

have

chosen

provide

this

supplemental

information

investors,

analysts

and

other

interested

parties

enable

them

perform

additional

analyses

operating

results,

illustrate

the

results

operations

giving

effect

the

non-GAAP

adjustments

shown

the

above

reconciliations

and

provide

additional

measure

performance.

Note: This slide includes information presented on a non-GAAP basis. Please see Reg

G in the Appendix and A. J. Cederoth’s

section for a reconciliation of revenue.

2009

Future

Original Target

@ 414.5k Industry

Revised Target

@ 350k Industry

U.S. and Canada Industry

414,500

350,000

($billions)

Sales and revenues, net

$15 +

$20 +

($millions)

Manufacturing segment profit

$1,600

$1,780

Below the line items

(500)

(590)

Income excluding income tax

1,100

1,190

Income tax expense

(275)

(298)

Net

Income

attributable

Navistar

International

Corporation

(NIC)

$825

$892

Diluted

earnings

per

attributable

NIC

$11.46

$12.31

Weighted

average

outstanding:

diluted

(millions)

~72.5

NYSE: NAV

SEC Regulation G –

Fiscal Year Comparison

This

presentation

not

accordance

with,

alternative

for,

U.S.

generally

accepted

accounting

principles

(GAAP).

The

non-GAAP

financial

information

presented

herein

should

considered

supplemental

to,

and

not

substitute

for,

superior

to,

financial

measures

calculated

accordance

with

GAAP.

However,

believe

that

non-GAAP

reporting,

giving

effect

the

adjustments

shown

the

reconciliation

above,

provides

meaningful

information

and

therefore

use

supplement

our

GAAP

reporting

identifying

items

that

may

not

the

core

manufacturing

business.

Management

often

uses

this

information

assess

and

measure

the

performance

our

operating

segments.

have

chosen

provide

this

supplemental

information

investors,

analysts

and

other

interested

parties

enable

them

perform

additional

analyses

operating

results,

illustrate

the

results

operations

giving

effect

the

non-GAAP

adjustments

shown

the

above

reconciliations

and

provide

additional

measure

performance.

2009

2008

Non GAAP

As Reported

Non GAAP

As Reported

Non GAAP

As Reported

Without All

Impacts

Other

Impacts

Without UAW

Impacts

UAW

Impacts

With Impacts

Without

Impacts

With Impacts

Without

Impacts

With Impacts

U.S. and Canada Industry

191,300

181,800

244,100

($billions)

Sales and revenues, net

12.1

11.6

14.7

($millions)

Manufacturing segment profit *

(excluding items listed below)

725

707

1,088

Ford settlement net of related charges

160

(37)

UAW Expenses

(11)

Impairment of property, plant and equipment

(31)

(358)

Manufacturing segment profit

725

752

(11)

741

707

129

836

1,088

(395)

693

Below the line items

(excluding items listed below)

(496)

(468)

(502)

UAW Expenses

Write-off of debt issuance cost

(11)

Below the line items

(496)

(495)

(468)

(11)

(479)

(502)

Income (loss) excluding income tax

229

256

(10)

246

239

118

357

586

(395)

191

Income tax benefit (expense)

(23)

(34)

(3)

(37)

(58)

(57)

Net Income (loss) attributable to Navistar International Corporation

206

233

(10)

223

205

115

320

528

(394)

134

Diluted earnings (loss) per share ($'s) attributable to Navistar International Corporation

2.82

0.37

3.19

(0.14)

3.05

2.86

1.60

4.46

7.21

(5.39)

1.82

Weighted average shares outstanding: diluted (millions)

73.2

71.8

73.2

* Includes: non-controlling interest in net income of subsidiaries net of tax; extraordinary gain net of tax

2010

NYSE: NAV

SEC Regulation G –

Fiscal Year Comparison

This

presentation

not

accordance

with,

alternative

for,

U.S.

generally

accepted

accounting

principles

(GAAP).

The

non-GAAP

financial

information

presented

herein

should

considered

supplemental

to,

and

not

substitute

for,

superior

to,

financial

measures

calculated

accordance

with

GAAP.

However,

believe

that

non-GAAP

reporting,

giving

effect

the

adjustments

shown

the

reconciliation

above,

provides

meaningful

information

and

therefore

use

supplement

our

GAAP

reporting

identifying

items

that

may

not

the

core

manufacturing

business.

Management

often

uses

this

information

assess

and

measure

the

performance

our

operating

segments.

have

chosen

provide

this

supplemental

information

investors,

analysts

and

other

interested

parties

enable

them

perform

additional

analyses

operating

results,

illustrate

the

results

operations

giving

effect

the

non-GAAP

adjustments

shown

the

above

reconciliations

and

provide

additional

measure

performance.

2011

Guidance

U.S. and Canada Industry

240,000

260,000

240,000

260,000

($billions)

Sales and revenues, net

13.6

14.3

13.6

14.3

($millions)

Manufacturing segment profit *

(excluding items listed below)

962

1,070

962

1,070

Engineering Integration Costs

(67)

Manufacturing segment profit

962

1,070

895

1,003

Below the line items

(excluding items listed below)

(500)

(515)

(500)

(515)

Engineering Integration Costs

(10)

Below the line items

(500)

(515)

(510)

(525)

Income (loss) excluding income tax

462

555

385

478

Income tax benefit (expense)

(74)

(90)

(74)

(90)

Net Income (loss) attributable to Navistar International Corporation

388

466

311

388

Diluted earnings (loss) per share ($'s) attributable to Navistar International Corporation

5.00

6.00

4.00

5.00

Weighted average shares outstanding: diluted (millions)

~ 77.6

* Includes: non-controlling interest in net income of subsidiaries, net of tax.

Guidance Adjusted for

Engineering Integration