Boeing Company (the) · NYSE:BA
Boeing Company (the) — The Boeing Company — Q1 2017 Earnings Presentation
12 slides from Boeing Company (the)'s earnings presentation, Apr 26, 2017
Slide 1: First-Quarter 2017 Performance Review
First-Quarter 2017 Performance Review Dennis Muilenburg Chairman, President and Chief Executive Officer Greg Smith Chief Financial Officer Executive Vice President, Corporate Development & Strategy April 26, 2017 Copyright © 2017 Boeing. All rights reserved.
Slide 2: First-Quarter Summary
First-Quarter Summary Boeing | Investor Relations 1Q17 BCA Backlog Generated higher earnings and operating cash flow North Other America Repurchased $2.5B of shares; dividend increased 30% per share 5,744 Airplanes in backlog Captured 198 commercial airplane orders Europe Middle East Southeast
Slide 3: Business Environment
Business Environment Boeing | Investor Relations 2016 Current Market Outlook Commercial aviation remains long-term growth industry Regional Large jets widebody Single aisle Medium widebody Healthy airline profitability; robust passenger traffic Small widebody 39,620 New airplanes Strong narrow
Slide 4: First-Quarter Revenue and Earnings
First-Quarter Revenue and Earnings Boeing | Investor Relations Revenue (Billions) Core Earnings per Share * $25 $2.50 $22.6 $21.0 $2.01 $20 $2.00 $1.74 $15 $1.50 $10 $1.00 $5 $0.50 $0 $0.00 2016 Q1 2017 Q1 2016 Q1 2017 Q1 * Non-GAAP measures. Definitions, reconciliations, and further disclosures reg
Slide 5: Commercial Airplanes
Commercial Airplanes Boeing | Investor Relations Revenues & Operating Margins Delivered 169 airplanes $20 18% Revenue (billions) 15% $14.4 $14.3 Won 198 net orders $15 Margin 12% $10 9% – Orders valued at $15B; robust backlog of $417B $5 7.2% 8.5% 6% 3% $0 0% Completed 787-10 Dreamliner first
Slide 6: Defense, Space & Security
Defense, Space & Security Boeing | Investor Relations Revenues & Operating Margins Capturing new and follow-on business $9 18% $8.0 Revenue (billions) – AH-64E Apache multi-year award for 268 helicopters $6.5 15% Margin $6 12% 11.3% 9% – KC-46 Tanker order for 15 additional production aircraft $3
Slide 7: Cash Flow
Cash Flow Boeing | Investor Relations Operating Cash Flow (Billions) $3 Solid operating performance $2.1 $2 Timing of receipts and expenditures $1.3 Repurchased 14.9 million shares in 1Q17 $1 for $2.5 billion and paid $868 million in dividends $0 2016 Q1 2017 Q1 Strong cash flow; continued cap
Slide 8: 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 $12 $12 $10.0 $9.2 $9 $9 $7.7 $7.1 $6 $6 8.8 8.2 $2.9 $3.1 $3 $3 1.2 1.0 $0 $0 2016 Q4 2017 Q1 2016 Q4 2017 Q1 Strong liquidity with manageable debt levels
Slide 9: Financial Guidance
Financial Guidance Boeing | Investor Relations 2017 Revenue $90.5 – 92.5B * $9.20 – 9.40 Core EPS $9.10 – 9.30 Operating Cash Flow ~$10.75B Capital Expenditures ~$2.3B * Non-GAAP measures. Definitions, reconciliations, and further disclosures regarding this non-GAAP measure are provided in the compa
Slide 10: 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,”
Slide 11: Copyright © 2017 Boeing. All rights reserved.
Copyright © 2017 Boeing. All rights reserved.
Slide 12: Non-GAAP Measure Disclosure
Non-GAAP Measure Disclosure Boeing | Investor Relations The Boeing Company and Subsidiaries Reconciliation of Non-GAAP Measures (Unaudited) The tables provided below reconcile the non-GAAP financial measures core earnings per share with the most directly comparable GAAP financial measure, diluted ea