Slide 1: Fourth-Quarter and Full-Year 2022 Highlights and 2023 Outlook
AEROSPACE MARINE SYSTEMS COMBAT SYSTEMS TECHNOLOGIES Fourth-Quarter and Full-Year 2022 Highlights and 2023 Outlook January 25, 2023
Slide 2: Forward-Looking Statements; Non-GAAP Measures
Forward-Looking Statements; Non-GAAP Measures Certain statements in this presentation, including any statements about the company’s future operational and financial performance, may constitute “forward- looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, a
Slide 3: Fourth-Quarter 2022 Financial Highlights
Fourth-Quarter 2022 Financial Highlights $ In Millions, Except EPS Q4 2022 Δ Q3 2022 Δ Q4 2021 Revenue $ 10,851 8.8% 5.4% Operating Earnings 1,227 11.7% 3.5% Operating Margin 11.3% 30 bps -20 bps Net Earnings 992 10.0% 4.2% EPS, Diluted 3.58 9.8% 5.6% • Higher Gulfstream manufacturing margins • Colu
Slide 4: Full-Year 2022 Financial Highlights
Full-Year 2022 Financial Highlights $ In Millions, Except EPS 2022 Δ 2021 Revenue $ 39,407 2.4% Operating Earnings 4,211 1.2% Operating Margin 10.7% -10 bps Net Earnings 3,390 4.1% EPS, Diluted 12.19 5.5% 2022 Cash From Operations $ 4,579 % Net Earnings 135% Free Cash Flow * 3,465 % Net Earnings 102
Slide 5: Aerospace – Full-Year 2022 Highlights
Aerospace – Full-Year 2022 Highlights Revenue Operating Earnings and Total Backlog $ In Millions Operating Margin $ In Billions $ In Millions 13.2% 12.7% $19.5 $18.8 $19.1 $8,135 $8,567 $1,130 $17.6 $1,031 $16.3 $11.6 2021 2022 2021 2022 4Q20 4Q21 1Q22 2Q22 3Q22 4Q22 • Operating earnings rose 9.6% o
Slide 6: Marine Systems – Full-Year 2022 Highlights
Marine Systems – Full-Year 2022 Highlights Revenue Operating Earnings and Total Backlog and $ In Millions Operating Margin Orders $ In Millions $ In Billions $50.0 8.3% 8.1% $45.7 $44.9 $11,040 $42.9 $41.8 $42.2 $10,526 $874 $897 $11,758 $6,429 $3,170 $1,401 $711 $1,574 2021 2022 2021 2022 4Q20 4Q21
Slide 7: Combat Systems – Full-Year 2022 Highlights
Combat Systems – Full-Year 2022 Highlights 1 Revenue Operating Earnings and Total Backlog $ In Millions Operating Margin $ In Billions $ In Millions 14.5% 14.7% $7,351 $7,308 $1,067 $1,075 $14.6 $13.1 $13.1 $13.4 $13.8 $13.3 2021 2022 2021 2022 4Q20 4Q21 1Q22 2Q22 3Q22 4Q22 • Solid operating perform
Slide 8: Technologies – Full-Year 2022 Highlights
Technologies – Full-Year 2022 Highlights Revenue Operating Earnings and Total Backlog and $ In Millions Operating Margin Total Estimated Contract Value $ In Millions $ In Billions 10.2% 9.8% $43.0 $41.0 $40.4 $40.6 $40.9 $39.6 $12,457 $12,492 $1,275 $1,227 $13.3 $13.4 $13.6 $13.6 $13.7 $12.7 2021 20
Slide 9: Financial Guidance
Financial Guidance 2022 Actual 2023 Guidance EPS, diluted $12.19 $12.60 – 12.65 Revenue ($B) Operating Margin Revenue ($B) Operating Margin $8.6 ≈ $10.4 Aerospace 13.2% ≈ 14.6% 120 deliveries ≈ 145 deliveries Marine Systems $11.0 8.1% ≈ $10.9 ≈ 8.1% Combat Systems $7.3 14.7% ≈ $7.3 ≈ 14.7% Technolog
Slide 10: General Dynamics
GENERAL DYNAMICS