John Deere Financial Funding. Deere & Company August 2011

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1 John Deere Financial Funding Deere & Company August 2011

2 Safe Harbor Statement & Disclosures This presentation includes forward-looking comments subject to important risks and uncertainties. Refer to Deere s reports filed on Forms 8-K (current), 10-Q (quarterly), and 10-K (annual) for information on factors that could cause actual results to differ materially from information in this presentation. This presentation is not an offer to sell or a solicitation of offers to buy any of Deere s securities. 2

3 John Deere Financial $25.1 Billion Owned Portfolio at 31 October 2010 Portfolio Composition by Market Portfolio Composition by Geography Portfolio Composition by Product Ag Financial Services 8% Latin America 6% Australia 3% Revolving Credit 9% Other 1% C&F 13% Europe 7% Leasing 12% Installment Financing 57% Canada 11% Ag & Turf 79% U.S. 73% Wholesale / Floorplan 21% Information above includes all Deere lending activities iti worldwide. John Deere Capital Corporation is the largest lending operation of Deere & Company. 3

4 John Deere Financial Funding Strategy Maintain diverse, sustainable funding sources: Term Debt, Asset Backed Securitization, and Commercial Paper Commercial Paper issuances backstopped by a $5 billion credit line Sustain appropriate liquidity profile: Develop redundancy and flexibility in funding options Balance funding cost and refunding risk 4

Committed Bank Group Supports Credit Facility Average

00 billion credit facility supporting commercial paper

50 billion 37-month facility expiring in 2013 $750

5 Committed Bank Group Supports Credit Facility Average length of continuous relationship = ~29 Years $5.00 billion credit facility supporting commercial paper $2.75 billion 49-month facility expiring in 2015 $1.50 billion 37-month facility expiring in 2013 $750 million 364-day facility expiring in 2012 Have not drawn on facility $2.2 billion incremental capacity as of 31 July 2011 Credit Facility Size & Commercial Paper Outstanding s $ millions 5

6 Multiple Sources of Liquidity Successful Access to Traditional Markets Commercial Paper Term Asset Backed Securitization Unsecured Term Debt USD EUR CAD Incremental Sources of Liquidity Asset Backed Commercial Paper Conduit Retail Notes 6

7 John Deere Financial External Funding Mix Total Debt: $9.9 B $11.4 B $12.6 B $14.2 B $14.8 B $17.3 B $18.3 B $19.7 B $20.2 B $21.0 B $20.9 B 100% 80% 49% 60% 62% 67% 67% 67% 70% 69% 74% 78% 84% 79% 40% 21% 14% 20% 0% 21% 20% 22% 19% 18% 12% 8% 30% 11% 24% 15% 12% 13% 11% 11% 13% 14% 14% 1% 10% CP ABS Long Term Debt * Years 2007 and prior include off-balance sheet ABS funding. 7

8 Key Funding Entities Deere & Company United States John Deere Capital Corp. United States (Deere Support Agreement) John Deere Cash Mgmt. Luxembourg (Debt guaranteed by Deere) John Deere Limited Canada (Debt guaranteed by Deere) John Deere Credit Ltd. Australia (Debt guaranteed by JDCC) John Deere Bank S.A. Luxembourg (Debt guaranteed by JDCC) John Deere Credit Inc. Canada (Debt guaranteed by JDCC) Support Agreement - Deere agrees to: Maintain JDCC s fixed charge coverage > 1.05 to 1 Own > 51% voting shares of JDCC s capital stock Maintain JDCC net worth > $50 million 8

9 Funding Programs Unsecured Commercial Paper: United States: All key funding entities Europe: All key funding entities Canada: John Deere Limited it and John Deere Credit Inc. Australia & New Zealand: John Deere Credit Ltd. Retail Unsecured Term Debt: United States Retail Notes: John Deere Capital Corp. Institutional Unsecured Term Debt: United States: Deere & Company and John Deere Capital Corp. EMTN: All key funding entities Canada: John Deere Credit Inc. Australia & New Zealand: John Deere Credit Ltd. Asset Backed Securitization: United States ABCP & Term Debt ABS: John Deere Capital Corp. (Servicer) Canadian ABCP: John Deere Credit Inc. (Servicer) 9

10 John Deere Financial Maturity Profile 6,000 John Deere Financial Services Unsecured Term Debt Maturities As of 31 July ,500 5,000 4,500 US$ Million ns 4,000 3,500 3,000 2,500 2,000 1,500 1, FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 Currency of Issue: EUR CAD USD 10

John Deere Financial Portfolio and Funding. Deere & Company December 2011

John Deere Financial Portfolio and Funding Deere & Company December 2011 Safe Harbor Statement & Disclosures This presentation includes forward-looking comments subject to important risks and uncertainties.