Slide 1: First-Quarter 2022 Highlights
AEROSPACE MARINE SYSTEMS COMBAT SYSTEMS TECHNOLOGIES First-Quarter 2022 Highlights April 27, 2022
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: First-Quarter 2022 Financial Highlights
First-Quarter 2022 Financial Highlights $ In Millions, Except EPS First Quarter 2022 2021 1Q22 vs. 1Q21 Revenue $ 9,392 $ 9,389 - Segment Operating Earnings * 979 970 0.9% Operating Earnings 908 938 -3.2% Net Earnings 730 708 3.1% EPS, Diluted 2.61 2.48 5.2% Cash From Operations $ 1,968 $ 3 % Net Ea
Slide 4: Aerospace
Aerospace $ In Millions Revenue Operating Earnings and Total Backlog and Operating Margin Total Estimated Contract Value $19,444 12.8% $17,950 11.7% $16,664 $1,903 $1,887 $15,620 $17,615 $243 $14,241 $16,293 $220 $14,690 $13,521 $11,929 1Q21 1Q22 1Q21 1Q22 1Q21 2Q21 3Q21 4Q21 1Q22 • Broad-based incr
Slide 5: Marine Systems
Marine Systems $ In Millions Revenue Operating Earnings and Total Backlog and Operating Margin Total Estimated Contract Value 8.1% $52,566 $52,219 8.0% $51,450 $2,651 $49,126 $47,230 $49,751 $2,483 $211 $47,530 $46,323 $200 $44,855 $42,914 1Q21 1Q22 1Q21 1Q22 1Q21 2Q21 3Q21 4Q21 1Q22 • Revenue incre
Slide 6: Combat Systems
Combat Systems $ In Millions Revenue Operating Earnings and Total Backlog and Operating Margin Total Estimated Contract Value 13.6% $23,348 $22,139 $1,820 13.4% $20,942 $1,675 $20,029 $19,357 $244 $227 $14,228 $14,428 $13,348 $13,093 $13,059 1Q21 1Q22 1Q21 1Q22 1Q21 2Q21 3Q21 4Q21 1Q22 • Strong oper
Slide 7: Technologies
Technologies $ In Millions Revenue Operating Earnings and Total Backlog and Operating Margin Total Estimated Contract Value 9.6% 9.4% $42,993 $3,199 $3,163 $41,203 $40,362 $40,521 $40,350 $306 $298 $13,673 $13,768 $13,737 $13,353 $13,646 1Q21 1Q22 1Q21 1Q22 1Q21 2Q21 3Q21 4Q21 1Q22 • Solid sequentia
Slide 8: Appendix
Appendix GENERAL DYNAMICS
Slide 9: Non-GAAP Financial Measures
Non-GAAP Financial Measures Segment Operating Earnings and Margin First Quarter ($ in millions) 2022 2021 Revenue $ 9,392 $ 9,389 Segment operating earnings and segment operating margin: Operating earnings and margin $ 908 9.7% $ 938 10.0% Less: Corporate operating results * (71) (32) Segment operat
Slide 10: Non-GAAP Financial Measures
Non-GAAP Financial Measures EBITDA First Quarter ($ in millions) 2022 2021 Earnings before interest, taxes, depreciation and amortization: Net earnings $ 730 $ 708 Interest, net 98 123 Provision for income tax, net 119 137 Depreciation of property, plant and equipment 139 136 Amortization of intangi
Slide 11: Non-GAAP Financial Measure
Non-GAAP Financial Measure Technologies EBITDA First Quarter ($ in millions) 2022 2021 Earnings before interest, taxes, depreciation and amortization: Operating earnings $ 298 $ 306 Other, net 24 23 Depreciation of property, plant and equipment 35 35 Amortization of intangible and finance lease righ
Slide 12: General Dynamics
GENERAL DYNAMICS