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Boeing Company (the) — The Boeing Company — Q1 2019 Earnings Presentation

13 slides from Boeing Company (the)'s earnings presentation, Apr 24, 2019

  1. Slide 1: First-Quarter 2019 Performance Review

    First-Quarter 2019 Performance Review Dennis Muilenburg Chairman, President and Chief Executive Officer Greg Smith Chief Financial Officer Executive Vice President of Enterprise Performance & Strategy April 24, 2019 Copyright © 2019 Boeing. All rights reserved.

  2. Slide 2: First-Quarter Summary

    First-Quarter Summary Boeing | Investor Relations  Engaging global regulators and customers on safe return to service of the 737 MAX 1Q19 BCA Backlog  Recognized revenue of $22.9B and core EPS* of $3.16 North America  Generated operating cash flow of $2.8B; paid $1.2B in dividends Other 5,605 Air

  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: 737 MAX

    737 MAX Boeing | Investor Relations  First quarter results – Recorded lower BCA revenue and operating earnings due to fewer 737 deliveries – Booked charges associated with MCAS software update and related training – Included $1B increased cost to produce aircraft in the 737 program accounting quant

  5. Slide 5: First-Quarter Revenue and Earnings

    First-Quarter Revenue and Earnings Boeing | Investor Relations Revenue (Billions) Core Earnings per Share * $30 $5.00 $23.4 $22.9 $24 $4.00 $3.64 $3.16 $18 $3.00 $12 $2.00 $6 $1.00 $0 $0.00 2018 Q1 2019 Q1 2018 Q1 2019 Q1 * Non-GAAP measure. Additional information is provided in the company’s earnin

  6. Slide 6: Commercial Airplanes

    Commercial Airplanes Boeing | Investor Relations  Engaging global regulators and customers on safe return to service of the 737 MAX  Delivered 149 airplanes Revenues & Operating Margins $15 20% $12.9 $11.8 Revenue (billions)  Increased 787 production rate to 14/mo $10 15% Margin 10% 10.9%  Healt

  7. Slide 7: Defense, Space & Security

    Defense, Space & Security Boeing | Investor Relations  Captured new and follow-on business; well positioned for the future Revenues & Operating Margins $6.5 $6.6 – 78 F/A-18 Block III Super Hornets multi-year contract for the U.S. Navy 20% Revenue (billions) $6 15% – 19 P-8A Poseidon maritime patro

  8. Slide 8: Global Services

    Global Services Boeing | Investor Relations  Generated strong 17% year-over-year revenue growth Revenues & Operating Margins $6 30%  Captured new and follow-on business $4.6 Revenue (billions) $4.0 $4 20% Margin – Awarded V-22 Performance Based Logistics contract with U.S. Navy 16.4% $2 14.1% 10%

  9. Slide 9: Cash Flow

    Cash Flow Boeing | Investor Relations Operating Cash Flow (Billions) $4 $3.1  Lower 737 deliveries $3 $2.8  Timing of receipts and expenditures $2 $1 $0 2018 Q1 2019 Q1 Healthy cash generation in first quarter 9 Copyright © 2019 Boeing. All rights reserved.

  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 $10 $15 $8.6 $12.6 $7.7 $8 $12 $11.3 $6 $9 $7.7 $6.8 $4 $6 $2 $3 $2.5 $2.1 $0.9 $0.9 $0 $0 2018 Q4 2019 Q1 2018 Q4 2019 Q1 Strong liquidity with manageable

  11. Slide 11: Copyright © 2019 Boeing. All rights reserved.

    Copyright © 2019 Boeing. All rights reserved.

  12. Slide 12: 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,”

  13. Slide 13: Non-GAAP Measure Disclosure

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

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