Huntington Ingalls Industries, Inc. · NYSE:HII
Huntington Ingalls Industries — Q1 2011 Earnings Presentation
6 slides from Huntington Ingalls Industries's earnings presentation, May 11, 2011
Slide 1: Q1 2011 Earnings Presentation
Q1 2011 Earnings Presentation May 11, 2011 Mike Petters President and Chief Executive Officer Barb Niland Corporate Vice President, Business Management & Chief Financial Officer Exhibit 99.2
Slide 2: Highlights from the Quarter
Highlights from the Quarter Successfully completed spin-off on March st Reporting segments consist of Ingalls Shipbuilding and Newport News Shipbuilding Improving performance at Ingalls through focus on contract execution, quality control and risk management Awarded several new contracts worth appro
Slide 3: First Quarter 2011 Consolidated Results
First Quarter 2011 Consolidated Results
Slide 4: Ingalls Shipbuilding
Ingalls Shipbuilding Ingalls sales down due to lower volumes on DDG-51 and LPD programs, partially offset by higher volume on NSC Segment operating income down due to $17 million of Hurricane Ike insurance proceeds in 2010 offset by LPD performance $17 million of insurance proceeds 2.1% from insuran
Slide 5: Newport News Shipbuilding
Newport News Shipbuilding Newport News sales up due to volumes on Ford , Roosevelt & Virginia class, offset by Enterprise Segment operating income and margin impacted by lower margins on Ford
Slide 6: Capital Structure
Capital Structure Balanced capital structure designed to provide flexibility to pursue strategy, including closure of Avondale and completion of LPDs 23 & 25 Cash on hand was $225 million, plus $530 million available under revolver, for $755 million total liquidity Total debt was $1.88 billion at qu
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