Navistar International (NAV) 8-K Information provided and statements contained in this presentation that are not purely historical are

NYSE: NAV

JPMorgan Diversified

Industries Conference

September 15, 2009

Exhibit 99.1

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2

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, 2008, which was filed on December 30,

2008, and Item 1A, Risk Factors, included within our Form 10-Q for the period ended July 31, 2009,

which was filed on September 9, 2009.  Although we believe that these forward-looking statements are

based on reasonable assumptions, there are many factors that could affect our actual financial results

or results of operations and could cause actual results to differ materially from those in the forward-

looking statements. 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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3

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 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

Guidance -

Industry Landscape

Guidance

•

Class 6-8 Truck Industry

2009: 165K to 185K

2010: 175K to 215K

•

Engine shipments –

245K to 265K

•

Parts –

segment revenues expected to 

be ~$2.2B to $2.3B

•

Financial Services -

profitable

Note: Industry guidance includes military orders sold to the U.S.

4

Industry

FY99

FY00

FY01

FY02

FY03

FY04

FY 05

FY06

FY 07

FY08

School Bus

33,800

33,900

27,900

27,400

29,200

26,200

26,800

28,200

24,500

24,400

21,000

23,000

Class 6-7 -

Medium

126,000

129,600

96,000

72,700

74,900

99,200

104,600

110,400

88,500

59,600

34,000

42,000

Combined

Class

8

(Heavy

&

Severe

Service)

286,000

258,300

163,700

163,300

159,300

219,300

282,900

316,100

206,000

160,100

110,000

120,000

Total Industry Demand

445,800

421,800

287,600

263,400

263,400

344,700

414,300

454,700

319,000

244,100

165,000

185,000

FY 09

Historical Information

United

States

and

Canadian

Class

6-8

Truck

Industry

-

Retail

Sales

Volume

Current 2009

Actual

Guidance

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5

We expect our strategy will enable us to

deliver our 2009 goals and BEYOND

Original FY 2009 Goals

Original FY 2009 Goals

•

$15+ Billion Revenue

•

$1.6 Billion Manufacturing Segment

Profit

•

Improve cost structure while developing

synergistic niche businesses with richer

margins

•

Improve conversion rate of operating

income into net income

•

Reduce impact of cyclicality

–

Grow Parts

–

Non-Traditional/Expansion Markets

Leveraging what we have and what others have built

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Great Products

*Excludes U.S. Military shipments

6

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Competitive Cost Structure-Overall goal is to

continuously seek the needed quality at the best price

Below the Line

Key Component of COGS

7

Strategic initiatives

ProStar

®

MaxxForce™

Big Bore 11L/13L/15L

Scale

Strategic partnerships

Mahindra International

South America

CAT

Global sourcing

Design cost reduction

Commodities cost reduction and

containment

Manufacturing cost structure

NYSE: NAV

NYSE: NAV

Medium

Truck

3Q09 School Bus, Class 6-8

Market Share was 36%

61% Market Share

3Q09

35% Market Share

3Q09

33% Market Share

3Q09

Severe

Service

Truck*

Heavy

Truck

29% Market share

3Q09

•

#2 in YTD July Market Share

•

Executing on strategy

-

New Products (ProStar

®

,

LoneStar

®

)

•

MaxxForce

®

EGR

engines

•

#1 In Market Share despite

industry consolidation

•

MaxxForce

®

EGR

engines

•

#1 in Market Share

•

A leader in Medium Hybrid

•

MaxxForce

®

EGR

engines

•

#1 in Market Share

•

3rd straight year of

increasing market share

•

MaxxForce

®

EGR

engines

FY07

60%

FY08

55%

3Q09

61%

YTD JUL

59%

*Note: Excludes U.S. Military shipments.

School

Bus

&

Combined

Class

6-8

Market

Share

–

FY07:

26%;

FY08:

29%;

3Q09:

36%;

YTD

JUL:

33%

FY07

36%

FY08

36%

3Q09

35%

YTD JUL

35%

FY07

25%

FY08

27%

3Q09

33%

YTD JUL

34%

FY07

15%

FY08

19%

3Q09

29%

YTD JUL

25%

Class 8*

30% Market Share

3Q09

School

Bus

8

NYSE: NAV

NYSE: NAV

Our Strategy is Paying Off

Leveraging What We Have and What Others Have Built

9

NYSE: NAV

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

NYSE: NAV

Actions in 2009 for 2010 and Beyond

2010 Emission Strategy

How EGR Technology Works

Competitor

“A”

–

announced

its

Environmental Protection Agency (EPA)

2010 emissions reduction technology

using

selective

catalytic

reduction

(SCR)

will carry a surcharge of $9,600.

Competitor

“B”

–

“anywhere

from

$8,000

to

$10,000

is

a

range

that

everybody is aware of. There's certainly

no secret about that.”

Navistar’s strategy is to price

competitively.

10

NYSE: NAV

2010 Emission Strategy Status

2010 emission strategy on/ahead of schedule

•

All engines will be between .4 and .5 NOx

•

Engine durability testing is on track and plan to

over-test and stress many parts of the system

•

In most cases, vehicles will have equal to better

fuel economy than 2009 vehicles

•

Base

engine

will

have

less

heat

than

2009

engines

•

ProStar

®

vehicle weight will be reduced by 600

lbs.

•

MaxxForce

®

13L will have over 1,000 lbs. of

weight advantage vs. a competitive 15L SCR

engine

11

12

NFC –

Primary Purpose is to Help Us Sell Trucks

Dealers

Retail

12

•

Liquidity –

Overall $1B

-

Wholesale -

$311M

-

Retail -

$348M

-

Revolver -

$362M

•

Strategy:

-

Maintain the value of NFC

-

Reduce leverage

•

Refinancing Plan:

-

Wholesale

Renew wholesale VFC –

Done

Expand capacity for market recovery

-

Retail

Work with banks to improve product offering for

customers –

In Progress

Concentration of customers

-

Bank Facility/Term Loan

Refinance bank facility/term loan to meet strategy –

End

of Year

NYSE: NAV

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13

Capital Structure

$0

$200

$400

$600

$800

$1,000

$1,200

$1,400

$1,600

2009

2010

2011

2012

Capital Structure

NFC $1.4B

Due  July 2010

Mfg $1.5B

Due  Jan 2012

•

Initial focus on NFC

•

Balance the alternatives

-

Cost

-

Execution/market conditions

-

Shareholder value

NYSE: NAV

14

Summary

Advanced EGR In-Cylinder

NOx

Reduction

Military sustainable at $2B

Combined

33% Market Share

July YTD

NYSE: NAV

SEC Regulation G

15

This presentation is not in accordance with, or an alternative for, U.S. generally accepted accounting principles (GAAP). The non-GAAP financial information presented herein should be considered supplemental to, and not as a

substitute for, or superior to, financial measures calculated in accordance with GAAP.  However, we believe that non-GAAP reporting, giving effect to the adjustments shown in the reconciliation above, provides meaningful

information and therefore we use it to supplement our GAAP reporting by identifying items that may not be related to the core manufacturing business.  Management often uses this information to assess and measure the

performance of our operating segments. We have chosen to provide this supplemental information to investors, analysts and other interested parties to enable them to perform additional analyses of operating results, to

illustrate the results of operations giving effect to the non-GAAP adjustments shown in the above reconciliations and to provide an additional measure of performance.

(Unaudited)

YE 2005

YE 2006

YE 2007

YE 2008

2009 -

3Q

-

$            

-

$            

1,330

$     

1,330

$      

1,330

$         

-

1,500

-

-

-

408

401

369

306

278

400

-

-

-

-

393

-

-

-

-

249

15

15

15

15

245

484

267

157

162

202

1

1

1

-

190

-

-

-

-

13

11

8

6

4

24

60

39

19

17

2,124

2,472

2,029

1,834

1,806

2,779

$     

3,104

$     

2,748

$     

2,076

$      

1,439

$         

838

1,426

1,354

1,370

1,259

500

500

500

500

500

-

28

117

162

75

148

116

133

132

128

4,265

$     

5,174

$     

4,852

$     

4,240

$      

3,401

$         

(Unaudited)

YE 2005

YE 2006

YE 2007

YE 2008

2009 -

3Q

776

$        

1,078

$     

716

$        

775

$        

751

$            

*

53

79

61

86

70

829

$        

1,157

$     

777

$        

861

$        

821

$            

776

$        

1,078

$     

716

$        

775

$        

751

$            

*

91

136

6

2

-

DEBT

(in millions)

Manufacturing operations

January 2007 Loan Facility (Libor + 325 matures January 2012) 

Bridge Loan Facility (Libor + 500)

Financing arrangements and capital lease obligations 

6.25% Senior Notes

9.375% Senior Notes

7.5% Senior Notes, due 2011

Majority owned dealership debt

4.75% Subordinated Exchangeable Notes, due 2009

2.5% Senior Convertible Notes

9.95% Senior Notes, due 2011

Other

Total manufacturing operations debt

Financial services operations  

Borrowing secured by asset-backed securities, at variable rates, due serially through 2016

Bank

revolvers,

at

fixed

and

variable

rates,

due

dates

from

2010

through

2013

Revolving retail warehouse facility, at variable rates, due 2010

Commercial Paper, at variable rates, due serially through 2010

Borrowing secured by operating and finance leases, at various rate, due serially through 2016

Total financial services operations debt

Cash & Cash Equivalents

Manufacturing non-GAAP (Unaudited)

Financial Services non-GAAP (Unaudited)

Consolidated US GAAP (Audited)

Manufacturing Cash & Cash Equivalents non-GAAP (Unaudited)

Manufacturing Marketable Securities non-GAAP (Unaudited)

Manufacturing Cash, Cash Equivalents & Marketable Securities non-GAAP (Unaudited)

867

$        

1,214

$     

722

$        

777

$        

751

$            

*Includes increase in cash and cash equivalents from consolidating Blue Diamond Truck and Blue Diamond Parts

(Audited)

NYSE: NAV

SEC Regulation G

U.S. and Canada industry

165K

185K

Sales and revenues, net

$11.5

$12.0

Manufacturing segment profit

(excludes asset impairment, Ford settlement, & related charges)

$350

$450

Asset impairment, Ford settlement, & related charges

Manufacturing segment profit

$350

$450

Below the line items

($500)

($330)

Income (Loss) before income tax

$1,100

$1,270

($170)

($70)

NA

$15+

($Millions)

($Millions)

$1,600

Target @

Current Industry

414.5K

($Billions)

~($520)

$1,600

NA

($Billions)

FY 2009

Guidance on $1.6B Mfg Segment Profit Line

Original Target @ 414.5K

Industry

This regulation G slide corresponds with the data found in the chart on slide 5 and 9

NYSE: NAV

NYSE: NAV

SEC Regulation G –

Fiscal Year

Comparison

FY 2008

FY 2007

FY 2006

Estimated

As

Reported

As

Reported

As

Reported

Ford

Settlement

Impacts

U.S. and Canada industry

165K

185K

165K

185K

($Billions)

($Billions)

($Billions)

Sales and revenues, net

$11.0

$11.5

$11.0

$11.5

$14.7

$12.3

$14.2

($Millions)

($Millions)

($Millions)

($Millions)

Manufacturing segment profit *

(excludes asset impairment, Ford settlement, & related charges)

$710

$735

NA

$710

$735

$1,114

$426

$838

Asset impairment, Ford settlement, & related charges

~ $175

($395)

NA

NA

Manufacturing segment profit *

$710

$735

$175

$885

$910

$719

$426

$838

Below the line items

$0

($528)

($499)

($443)

Income (Loss) excluding income tax

$225

$250

$175

$400

$425

$191

($73)

$395

Income tax benefit (expense)

~ ($3)

($57)

($47)

($94)

Net income (loss)

$182

$207

$172

$354

$379

$134

($120)

$301

Diluted earnings (loss) per share ($'s)

$2.55

$2.85

$2.40

$4.95

$5.25

$1.82

($1.70)

$4.12

Weighted average shares outstanding: diluted

~72M

73.2M

70.3M

74.5M

Memo - professional fees included in below the line items

($40)

($30)

($40)

($30)

($154)

($224)

($70)

* Includes: minority interest in net income of subsidiaries of ($7)M, net of tax; extraordinary gain of $23M, net of tax

~72M

~72M

~($485)

~($43)

~($46)

($Millions)

($Millions)

($Billions)

($Billions)

FY 2009

Non GAAP

Goal

Goal

Without

Ford

Settlement

With

Ford

Settlement

~($485)

NA

~$175

17

This presentation is not in accordance with, or an alternative for, U.S. generally accepted accounting principles (GAAP). The non-GAAP financial information presented herein should be considered

supplemental to, and not as a substitute for, or superior to, financial measures calculated in accordance with GAAP.  However, we believe that non-GAAP reporting, giving effect to the adjustments shown in the

reconciliation above, provides meaningful information and therefore we use it to supplement our GAAP reporting by identifying items that may not be related to the core manufacturing business.  Management

often uses this information to assess and measure the performance of our operating segments. We have chosen to provide this supplemental information to investors, analysts and other interested parties to

enable them to perform additional analyses of operating results, to illustrate the results of operations giving effect to the non-GAAP adjustments shown in the above reconciliations and to provide an additional

measure of performance.