Boeing Company (the) · NYSE:BA
Boeing Company (the) — Q3 2022 Earnings Presentation
12 slides from Boeing Company (the)'s earnings presentation, Oct 26, 2022
Slide 1: Third-Quarter 2022 Performance Review
Third-Quarter 2022 PERFORMANCE REVIEW David Calhoun President and Chief Executive Officer Brian West Executive Vice President and Chief Financial Officer October 26, 2022 Copyright © 2022 Boeing. All rights reserved.
Slide 2: Business Update
BUSINESS UPDATE BCA BDS BGS Making strides in our turnaround; focused on stability and execution 2 Copyright © 2022 Boeing. All rights reserved.
Slide 3: Business Environment
BUSINESS ENVIRONMENT Passenger Traffic Passenger Load Factors RPKs in % of August ‘19 PLF in % • Continue to expect passenger traffic to return to Latin America 90% Aug 2022 value 80% 2019 levels in 2023 to 2024 North America 70% Europe 60% Middle East 50% World 40% 30% • Commercial airplane demand
Slide 4: Third-Quarter Financial Results
THIRD-QUARTER FINANCIAL RESULTS Revenue (Billions) Core Loss per Share* Operating Cash Flow (Billions) $18 $3.2 $16.0 $0.00 $15.3 $3.0 ($1.00) ($0.60) $12 ($2.00) $2.0 ($3.00) $1.0 ($4.00) $6 ($5.00) $0.0 ($6.00) ($0.3) $0 ($6.18) ($1.0) Q3 2021 Q3 2022 ($7.00) Q3 2021 Q3 2022 Q3 2021 Q3 2022 * Non-
Slide 5: Commercial Airplanes
COMMERCIAL AIRPLANES Revenues & Operating Margins • Resumed 787 deliveries; continue to produce at low rate $6.3 Revenue (billions) $6 $4.5 • Focused on stabilizing supply chain and production $3 • Recorded net orders for 227 airplanes (167 737s, 27 767s, 18 $0 2021 Q3 2022 Q3 777s, 15 787s) Operati
Slide 6: Defense, Space & Security
DEFENSE, SPACE & SECURITY • Recorded losses of $2.8B on fixed-price development Revenues & Operating Margins programs $6.6 Revenue (billions) $6 $5.3 • Captured KC-46A Tanker awards from the U.S. Air Force for 15 aircraft and the Israeli Air Force for 4 aircraft $3 $0 • Poland selected AH-64E Apache
Slide 7: Global Services
GLOBAL SERVICES Revenues & Operating Margins • Commercial services revenue recovered to pre-pandemic levels Revenue Gov’t Comm’l • Outlook for government services remains relatively stable $6 $4.2 $4.4 Revenue (billions) • Delivered 100th contracted 737-800BCF to AerCap $3 • Captured new and follow-
Slide 8: Cash and Debt Balances
CASH AND DEBT BALANCES Cash S&P: BBB- Boeing debt Billions Marketable Securities Billions Moody’s: Baa2 Fitch: BBB- BCC debt $16 $70 $14.3 $60 $55.7 $55.7 $12 $11.4 $50 $40 $8 $13.5 $30 $10.0 $20 $4 $10 $1.4 $0.8 $1.5 $1.5 $0 $0 2022 Q2 2022 Q3 2022 Q2 2022 Q3 Sufficient liquidity and continue to ex
Slide 9: Copyright © 2022 Boeing. All rights reserved.
Copyright © 2022 Boeing. All rights reserved.
Slide 10: Caution Concerning Forward-Looking Statements
CAUTION CONCERNING FORWARD-LOOKING STATEMENTS 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,” “targets,” “anticipates,” a
Slide 11: Non-GAAP Measure Disclosure
NON-GAAP MEASURE DISCLOSURE The Boeing Company and Subsidiaries Reconciliation of Non-GAAP Measures (Unaudited) The table provided below reconciles the non-GAAP financial measure core loss per share with the most directly comparable GAAP financial measure diluted loss per share. See page 6 of the co
Slide 12: 737 MAX - Additional Detail
737 MAX - ADDITIONAL DETAIL • The following table summarizes changes in the 737 MAX customer concessions and other considerations liability during the nine months ended September 30, 2022 and 2021: (Dollars in millions) 2022 2021 Beginning balance – January 1 $2,940 $5,537 Reductions for payments ma