Slide 1: Third-Quarter 2021 Highlights
AEROSPACE MARINE SYSTEMS COMBAT SYSTEMS TECHNOLOGIES Third-Quarter 2021 Highlights October 27, 2021
Slide 2: Forward-Looking Statements; Non-GAAP Measures
Forward-Looking Statements; Non-GAAP Measures This presentation contains information about the company’s expectations of future performance, including future financial or operating performance. This information constitutes “forward-looking statements” within the meaning of the Private Securities Lit
Slide 3: Third Quarter 2021 Financial Highlights
Third Quarter 2021 Financial Highlights $ In Millions, Except EPS 3Q21 vs 3Q20 vs 2Q21 Revenue $ 9,568 1.5% 3.8% Operating Earnings $ 1,080 0.7% 12.6% Net Earnings $ 860 3.1% 16.7% EPS, Diluted $ 3.07 5.9% 17.6% % Net Income Cash From Operations $ 1,471 171% Free Cash Flow* $ 1,275 148% Total Backlo
Slide 4: Third Quarter 2021 YTD Financial Highlights
Third Quarter 2021 YTD Financial Highlights $ In Millions, Except EPS 3Q21 YTD vs 3Q20 YTD Revenue $ 28,177 2.7% Operating Earnings $ 2,977 4.8% Net Earnings $ 2,305 6.5% EPS, Diluted $ 8.16 8.5% % Net Income Cash From Operations $ 2,589 112% Free Cash Flow* $ 2,087 91% * See our earnings press rele
Slide 5: Aerospace
Aerospace $ In Millions Revenue Operating Earnings Operating Margin $262 $2,066 12.7% $220 $1,887 $195 12.0% $1,622 11.7% 1Q21 2Q21 3Q21 1Q21 2Q21 3Q21 1Q21 2Q21 3Q21 • Strong Sequential Operating Improvement – Aircraft deliveries ramping up as planned – Significant growth in services revenue – 11%
Slide 6: Marine Systems
Marine Systems $ In Millions Revenue Operating Earnings Operating Margin $2,637 $229 8.7% $2,536 $2,483 $210 8.3% $200 8.1% 1Q21 2Q21 3Q21 1Q21 2Q21 3Q21 1Q21 2Q21 3Q21 • Strong, Sustained Revenue Growth – 9.6% increase over 3Q20; 7.5% year-to-date – 16 consecutive quarters of year-over-year revenue
Slide 7: Combat Systems
Combat Systems $ In Millions Revenue Operating Earnings Operating Margin $276 15.8% $1,820 $1,899 $266 $1,745 14.0% 13.4% $244 1Q21 2Q21 3Q21 1Q21 2Q21 3Q21 1Q21 2Q21 3Q21 • Revenue Increased Year-Over-Year in 17 of the Past 20 Quarters • Strong Operating Performance Continues – Earnings up sequenti
Slide 8: Technologies
Technologies $ In Millions Revenue Operating Earnings Operating Margin 10.5% $327 $3,199 $3,163 $3,120 $306 $308 9.6% 9.7% 1Q21 2Q21 3Q21 1Q21 2Q21 3Q21 1Q21 2Q21 3Q21 • Revenue Impacted by Supply Chain Delays – GDIT up 1.4% over 3Q20; 5.3% year-to-date – Mission Systems working to overcome chip sho
Slide 9: Appendix
Appendix GENERAL DYNAMICS
Slide 10: Non-GAAP Financial Measure – EBITDA
Non-GAAP Financial Measure – EBITDA Third Quarter Nine Months ($ in millions) 2021 2020 2021 2020 Earnings before interest, taxes, depreciation and amortization: Net earnings $ 860 $ 834 $ 2,305 $ 2,165 Interest, net 99 118 331 357 Provision for income tax, net 155 144 436 388 Depreciation of proper
Slide 11: Non-GAAP Financial Measure – Technologies EBITDA
Non-GAAP Financial Measure – Technologies EBITDA Third Quarter Nine Months ($ in millions) 2021 2020 2021 2020 Earnings before interest, taxes, depreciation and amortization: Operating earnings $ 327 $ 314 $ 941 $ 859 Other, net 24 15 71 55 Depreciation of property, plant and equipment 36 29 110 97
Slide 12: GENERAL DYNAMICS
GENERAL DYNAMICS