Boeing Company (the) · NYSE:BA

Boeing Company (the) — Q2 2014 Earnings Presentation

12 slides from Boeing Company (the)'s earnings presentation, Jul 23, 2014

  1. Slide 1: Second-Quarter 2014 Performance Review

    Second-Quarter 2014 Performance Review Jim McNerney Chairman and Chief Executive Officer Greg Smith Executive Vice President and Chief Financial Officer July 23, 2014 Copyright © 2014 Boeing. All rights reserved.

  2. Slide 2: Second-Quarter Summary

    Second-Quarter Summary Boeing | Investor Relations  Results reflect strong operating performance  Increased 2014 core EPS guidance by $0.75 to between $7.90 and $8.10  Earnings impacted by KC-46A Tanker charge and favorable tax items  Continued focus on cost reductions and productivity improveme

  3. Slide 3: Business Environment

    Business Environment Boeing | Investor Relations  Global economic growth continues at a moderate pace  Passenger traffic healthy; cargo traffic gradually improving  Commercial aviation remains long-term growth industry  International defense growth opportunities; defense budget pressures in U.S.

  4. Slide 4: Second-Quarter Revenue and Earnings

    Second-Quarter Revenue and Earnings Boeing | Investor Relations Revenue Core Earnings (Billions) per Share * $25 $3.00 $21.8 $22.0 $2.42 $2.50 $20 $2.00 $15 $1.67 $1.50 $10 $1.00 $5 $0.50 $0 $0.00 2013Q2 2014Q2 2013Q2 2014Q2 * Non-GAAP measures. Definitions, reconciliations, and further disclosures

  5. Slide 5: Commercial Airplanes

    Commercial Airplanes Boeing | Investor Relations Revenues & Operating Margins  Continued strong operating performance $14.3 $15 $13.6 15% Revenue (billions) $12 12%  Delivered 181 airplanes in Q2 Margin $9 10.7% 10.8% 9% – Record 737 & 787 deliveries $6 6% $3 3%  Orders valued at $17B; record bac

  6. Slide 6: Defense, Space & Security

    Defense, Space & Security Boeing | Investor Relations  Solid operating performance on production and services Revenues & Operating Margins programs $10 15% $8.2  Capturing new and follow-on business $7.7 Revenue (billions) $8 10% Margin – U.S. Navy contract for 44 E/A-18 and F/A-18 aircraft includ

  7. Slide 7: Other Results

    Other Results Boeing | Investor Relations  Boeing Capital Corporation – Supporting business units while prudently managing portfolio and risk – Net financing portfolio of $3.4 billion at the end of the quarter, as portfolio run-off exceeded new volume  Other and Unallocated Expense – Unallocated e

  8. Slide 8: Cash Flow

    Cash Flow Boeing | Investor Relations $ Billions 2Q13 2Q14  Increased production rates Net Earnings 1.1 1.7 Depreciation/non-cash 0.4 0.5  Strong operating performance Working Capital 1 2.0 (0.4)  Timing of receipts and expenditures Operating Cash Flow Before 3.5 1.8 Pension Contributions*  Inve

  9. Slide 9: Cash and Debt Balances

    Cash and Debt Balances Boeing | Investor Relations S&P: A Boeing debt Cash Moody’s: A2 Marketable Securities Fitch: A BCC debt Billions Billions $15 $12 $12.2 $10 $12 $11.3 $8 $9 6.9 $6.3 $6.4 7.5 $6 $6 $4 $2.6 $2.5 $3 5.3 3.8 $2 $0 $0 2014Q1 2014Q2 2014Q1 2014Q2 Strong liquidity with manageable deb

  10. Slide 10: Financial Guidance

    Financial Guidance Boeing | Investor Relations 2014 Revenue $87.5 - 90.5B $7.90 - 8.10 * Core EPS $7.15 - 7.35 Operating Cash Flow Before ~ $7.0B Pension Contributions* * Non-GAAP measures. Definitions, reconciliations, and further disclosures regarding non-GAAP measures are provided in the company’

  11. Slide 11: 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,”

  12. Slide 12: Copyright © 2014 Boeing. All rights reserved.

    Copyright © 2014 Boeing. All rights reserved.

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