Boeing Company (the) · NYSE:BA

Boeing Company (the) — The Boeing Company — Q4 2018 Earnings Presentation

15 slides from Boeing Company (the)'s earnings presentation, Jan 30, 2019

  1. Slide 1: Fourth-Quarter 2018 Performance Review and 2019 Guidance

    Fourth-Quarter 2018 Performance Review and 2019 Guidance Dennis Muilenburg Chairman, President and Chief Executive Officer Greg Smith Chief Financial Officer Executive Vice President of Enterprise Performance & Strategy January 30, 2019 Copyright © 2019 Boeing. All rights reserved.

  2. Slide 2: 2018 Summary

    2018 Summary Boeing | Investor Relations 4Q18 BCA Backlog  Generated record revenue, earnings, EPS and cash flow North  Repurchased $9.0B of shares; paid $3.9B in dividends Other America 5,873 Airplanes in  Delivered record 806 commercial airplanes, including 256 737 MAXs backlog Europe  Increas

  3. Slide 3: Business Environment

    Business Environment Boeing | Investor Relations Strong and Growing Markets 10-Year Served Market  Commercial aviation remains long-term growth industry – 20 year Commercial Market Outlook of 42,730 airplanes Defense Commercial & Space Airplanes Systems  Robust airline profitability, strong passen

  4. Slide 4: Full Year Financial Results

    Full Year Financial Results Boeing | Investor Relations Revenue (Billions) Core Earnings per Share * Operating Cash Flow (Billions) $101.1 $15.3 $105 $17.50 $16 $94.0 $16.01 $13.3 $90 $15.00 $12.33 $12 $75 $12.50 $60 $10.00 $8 $45 $7.50 $30 $5.00 $4 $15 $2.50 $0 $0.00 $0 2017 2018 2017 2018 2017 201

  5. Slide 5: Fourth-Quarter Revenue and Earnings

    Fourth-Quarter Revenue and Earnings Boeing | Investor Relations Revenue (Billions) Core Earnings per Share * $32 $6.00 $28.3 $5.48 $5.07 $24.8 $5.00 $24 $4.00 $16 $3.00 $2.00 $8 $1.00 $0 $0.00 2017 Q4 2018 Q4 2017 Q4 2018 Q4 * Non-GAAP measures. Definitions, reconciliations, and further disclosures

  6. Slide 6: Commercial Airplanes

    Commercial Airplanes Boeing | Investor Relations  Delivered 238 airplanes in 4Q; 806 in 2018 Revenues & Operating Margins – Included 111 737 MAX deliveries in 4Q; 256 in 2018 $20 20% $17.3 $15.4 Revenue (billions) – Delivered the first 737 MAX from the China Completion Center $15 15.6% 15% Margin $

  7. Slide 7: Defense, Space & Security

    Defense, Space & Security Boeing | Investor Relations  Achieved strong 13% annual year-over-year revenue growth Revenues & Operating Margins $6.1 20%  Captured new and follow-on business; well positioned for the future $5.3 Revenue (billions) $6 15% Margin $4 – Awarded contract to modernize 17 H-4

  8. Slide 8: Global Services

    Global Services Boeing | Investor Relations  Generated robust 17% annual year-over-year revenue growth Revenues & Operating Margins $6 30%  Captured new and follow-on business $4.9 Revenue (billions) $4 $3.8 20% – Secured sustainment contract for C-17 Globemaster III Margin $2 14.7% 15.0% 10% – Aw

  9. Slide 9: Cash Flow

    Cash Flow Boeing | Investor Relations Operating Cash Flow (Billions) $15.3 $15 $13.3  Planned higher commercial production rates $10  Strong operating performance  Timing of receipts and expenditures $5 $2.9 $2.9 $0 2017 Q4 2018 Q4 2017 2018 Strong cash flow reflects healthy business 9 Copyright

  10. Slide 10: Cash and Debt Balances

    Cash and Debt Balances Boeing | Investor Relations Billions Cash Billions S&P: A Boeing debt Moody’s: A2 Marketable Securities Fitch: A BCC debt $12 $12 $11.3 $10.0 $9.4 $8.6 $9 $9 $6 $8.0 $6 $7.7 $3 $3 $2.5 $2.5 $2.0 $0.9 $0 $0 2018 Q3 2018 Q4 2018 Q3 2018 Q4 Strong liquidity with manageable debt l

  11. Slide 11: Financial Guidance

    Financial Guidance Boeing | Investor Relations 2019 Revenue $109.5 – 111.5B Core EPS * $19.90 – 20.10 Operating Cash Flow $17.0 – 17.5B Capital Expenditures ~$2.3B * Non-GAAP measures. Definitions, reconciliations, and further disclosures regarding this non-GAAP measure are provided in the company’s

  12. Slide 12: Copyright © 2019 Boeing. All rights reserved.

    Copyright © 2019 Boeing. All rights reserved.

  13. Slide 13: Caution Concerning Forward-Looking Statements

    Caution Concerning Forward-Looking Statements Boeing | Investor Relations This document contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “may,” “should,” “expects,” “intends,” “projects,” “plans,” “believes,” “estimates,”

  14. Slide 14: Non-GAAP Measure Disclosure

    Non-GAAP Measure Disclosure Boeing | Investor Relations The Boeing Company and Subsidiaries Reconciliation of Non-GAAP Measures (Unaudited) The table provided below reconciles the non-GAAP financial measure core earnings per share with the most directly comparable GAAP financial measure diluted earn

  15. Slide 15: Non-GAAP Measure Disclosure

    Non-GAAP Measure Disclosure Boeing | Investor Relations The Boeing Company and Subsidiaries Reconciliation of Non-GAAP Measures (Unaudited) The table provided below reconciles the non-GAAP financial measure core earnings per share with the most directly comparable GAAP financial measure diluted earn

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