Boeing Company (the) · NYSE:BA

Boeing Company (the) — FY2015 Earnings Presentation

14 slides from Boeing Company (the)'s earnings presentation, Jan 27, 2016

  1. Slide 1: Fourth-Quarter and Full-Year 2015 Performance Review

    Fourth-Quarter and Full-Year 2015 Performance Review Dennis Muilenburg President and Chief Executive Officer Greg Smith Executive Vice President of Business Development & Strategy and Chief Financial Officer January 27, 2016 Copyright © 2016 Boeing. All rights reserved.

  2. Slide 2: 2015 Summary

    2015 Summary Boeing | Investor Relations  Proven product strategy; converting backlog into profitable growth  Continued focus on cost reductions and productivity improvements  Results reflect record deliveries and solid core operating performance  Strong operating cash of $9.4 billion  Raised r

  3. Slide 3: Business Environment

    Business Environment Boeing | Investor Relations  Global economic growth continues at a moderate pace  Strong passenger traffic; slowing air cargo market recovery  Robust airline profitability driving healthy demand for aircraft  Commercial aviation remains long-term growth industry  Stabilizin

  4. Slide 4: Full Year Financial Results

    Full Year Financial Results Boeing | Investor Relations Revenue Core Earnings per Share* Operating Cash Flow (Billions) (Billions) $125 $10.00 $9.33 $10 Adjusted $9.4 $8.60 $8.9 Adjusted Adjusted Items** Items** $100 $96.1 $90.8 $7.50 $8.26 $8 Adjusted $7.72 $75 $5.00 $5 $50 $2.50 $3 $25 $0 $0.00 $0

  5. Slide 5: Fourth-Quarter Revenue and Earnings

    Fourth-Quarter Revenue and Earnings Boeing | Investor Relations Revenue (Billions) Core Earnings per Share* $30 $3.00 $24.5 $2.44 $25 $23.6 $2.50 Adjusted $2.31 747 $20 $2.00 Charge $15 $1.50 $1.60 $10 $1.00 $5 $0.50 $0 $0.00 2014Q4 2015Q4 2014Q4 2015Q4 * Non-GAAP measures. Reconciliations and addit

  6. Slide 6: Commercial Airplanes Revenues & Operating Margins

    Commercial Airplanes Boeing | Investor Relations Revenues & Operating Margins  Continued solid core operating performance – Record annual revenue $75 18% $66.0 Revenue (billions) $60.0 15% $60 Margin 12% $45  Delivered 182 airplanes in Q4; 762 in 2015 10.7% 9% $30 7.8% 6% – Record annual deliverie

  7. Slide 7: Defense, Space & Security Revenues & Operating Margins

    Defense, Space & Security Boeing | Investor Relations Revenues & Operating Margins  Continued strong operating performance $35 18% $30.9 $30.4  Capturing new and follow-on business Revenue (billions) $30 15% $25 Margin 12% – Awarded second commercial human spaceflight mission $20 $15 10.8% 9% 10.1

  8. Slide 8: Cash Flow

    Cash Flow Boeing | Investor Relations  Solid core operating performance $ Billions 2014 2015 4Q14 4Q15  Continuing to drive disciplined Net Earnings 5.5 5.2 1.5 1.0 cash management Depreciation/non-cash 2.5 2.4 0.8 0.7  Timing of receipts and Working Capital 0.9 1.8 2.7 1.4 expenditures in 4Q14 O

  9. Slide 9: 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 $15 $10 $12.1 $12 $8 $7.6 $9.9 $6.6 $9 $6 $6 11.3 $4 9.4 $2.4 $2.4 $3 $2 $0 0.5 0.8 $0 2015Q3 2015Q4 2015Q3 2015Q4 Strong liquidity with manageable debt le

  10. Slide 10: Financial Guidance

    Financial Guidance Boeing | Investor Relations 2016 Revenue $93.0 – 95.0B * Core EPS $8.15 – 8.35 Operating Cash Flow ~$10B * Non-GAAP measure. Definitions, reconciliations, and further disclosures regarding this non-GAAP measure are provided in the company’s earnings press release dated January 27,

  11. Slide 11: 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,”

  12. Slide 12: Copyright © 2016 Boeing. All rights reserved.

    Copyright © 2016 Boeing. All rights reserved.

  13. Slide 13: Non-GAAP Measure Disclosure

    Non-GAAP Measure Disclosure Boeing | Investor Relations 13 Copyright © 2016 Boeing. All rights reserved.

  14. Slide 14: Non-GAAP Measure Disclosure

    Non-GAAP Measure Disclosure Boeing | Investor Relations 14 Copyright © 2016 Boeing. All rights reserved.

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