Boeing Company (the) · NYSE:BA

Boeing Company (the) — The Boeing Company — Q1 2023 Earnings Presentation

12 slides from Boeing Company (the)'s earnings presentation, Apr 26, 2023

  1. Slide 1: First-Quarter 2023 Performance Review

    FIRST-QUARTER 2023 PERFORMANCE REVIEW David Calhoun President and Chief Executive Officer Brian West Executive Vice President and Chief Financial Officer April 26, 2023 Copyright © 2023 Boeing. All rights reserved.

  2. Slide 2: Forward-Looking Statements

    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,” and similar expressi

  3. Slide 3: Business Update

    BUSINESS UPDATE Progressing through our recovery; focused on execution Copyright © 2023 Boeing. All rights reserved.

  4. Slide 4: First-Quarter Financial Results

    FIRST-QUARTER FINANCIAL RESULTS Q1 2023 Q1 2022 Revenue $17.9B $14.0B Core Operating Margin* (2.5)% (10.3)% Core Loss Per Share* ($1.27) ($2.75) Free Cash Flow* ($0.8B) ($3.6B) * Non-GAAP measure. See slides 11-12 for additional information on non-GAAP measures. Improved commercial volume and perfor

  5. Slide 5: Commercial Airplanes Revenues and Operating Margins

    COMMERCIAL AIRPLANES Revenues and Operating Margins $6.7  Secured net orders for 107 airplanes Revenue (billions) $4.2  Backlog of $334B  Delivered 130 airplanes  Still expect to deliver 400-450 737s; plan to increase rate to 38 per month later this year Q1 2022 Q1 2023 Op margin: (21.4)% (9.2)%

  6. Slide 6: Defense, Space & Security Revenues and Operating Margins

    DEFENSE, SPACE & SECURITY Revenues and Operating Margins $6.5 $5.5  Orders valued at $10B, backlog of $58B Revenue (billions)  USAF ordered 15 KC-46A Tankers  Received USAF E-7 development contract  Award for 184 Apaches from the U.S. Army Q1 2022 Q1 2023 Op margin: (16.9)% (3.2)% Focused on pro

  7. Slide 7: Global Services Revenues and Operating Margins

    GLOBAL SERVICES Revenues and Operating Margins $4.7 $4.3  Orders valued at $4B, backlog of $19B Revenue (billions)  Announced 1st India BCF line with GMR  Delivered AerCap’s 50th 737-800BCF  Broke ground on new components facility Q1 2022 Q1 2023 Op margin: 14.6% 17.9% Strong performance…focused

  8. Slide 8: Cash and Debt Balances

    CASH AND DEBT BALANCES Cash and Marketable Securities Consolidated Debt S&P: BBB- Billions Billions Moody’s: Baa2 Fitch: BBB- $57.0 $55.4 $17.2 $14.8 Q4 2022 Q1 2023 Q4 2022 Q1 2023 Strong liquidity and focused on repaying debt Copyright © 2023 Boeing. All rights reserved.

  9. Slide 9: 2023 Financials

    2023 FINANCIALS Segment Operating Cash  BDS ($1.0B) - ($0.5B) $4.5B - $6.5B  BGS $2.5B - $3.0B  BCA $2.5B - $3.5B ($1.5B) $3B - $5B  Other $0.5B - $0.5B Commercial Deliveries  737 Deliveries: 400 - 450  787 Deliveries: 70 - 80 Expense items  R&D: ~$3.2B vs $2.9B in 2022 Operating CapEx Free C

  10. Slide 10: Copyright © 2023 Boeing. All rights reserved.

    Copyright © 2023 Boeing. All rights reserved.

  11. Slide 11: Non-GAAP Measure Disclosures

    NON-GAAP MEASURE DISCLOSURES The table provided below reconciles the non-GAAP financial measure core operating margin with the most directly comparable GAAP financial measure operating margin, and core loss per share with the most directly comparable GAAP financial measure diluted loss per share. Se

  12. Slide 12: Non-GAAP Measure Disclosure

    NON-GAAP MEASURE DISCLOSURE The table provided below reconciles the non-GAAP financial measure free cash flow with the most directly comparable GAAP financial measure operating cash flow. See page 5 of the company’s earnings press release dated April 26, 2023 for additional information on the use of

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