Slide 1: Q4 2024 Earnings Call Presentation
Q4 2024 Earnings Call Presentation January 22 nd , 2025 The data in this package should be read in conjunction with the Textron earnings release and accompanying tables. © 2025 TEXTRON INC. 1
Slide 2: Forward-looking Information
Forward-looking Information Certain statements in this package and other oral and written statements made by Textron from time to time are forward-looking statements, including those that discuss strategies, goals, outlook or other non-historical matters; or project revenues, income, returns or othe
Slide 3: Key Data – Q4 2024
Key Data – Q4 2024 Q4 2024 Q4 2023 Revenues $ 3.6B $ 3.9B Segment Profit $ 283M $ 384M EPS $ 0.76 $ 1.01 Adjusted EPS $ 1.34 $ 1.60 Manufacturing Cash Flow $ 306M $ 380M Before Pension Contributions Pension Contributions $ 11M $ 11M (1) Segment Profit, Adjusted EPS and Manufacturing cash flow before
Slide 4: Key Data – Full Year 2024
Key Data – Full Year 2024 FY 2024 FY 2023 Revenues $ 13.7B $ 13.7B Segment Profit $ 1,200M $ 1,327M EPS $ 4.34 $ 4.57 Adjusted EPS $ 5.48 $ 5.59 Manufacturing Cash Flow $ 692M $ 931M Before Pension Contributions Pension Contributions $ 44M $ 45M (1) Segment Profit, Adjusted EPS and Manufacturing cas
Slide 5: Q4 2024 Revenue Growth
Q4 2024 Revenue Growth Organic Revenue Acquisition Organic FX Impact Growth Growth Impact Growth Un(Fav) Before FX Textron Aviation (15.9%) - (15.9%) - (15.9%) Bell 5.4% - 5.4% - 5.4% Textron Systems (1.0%) - (1.0%) - (1.0%) Industrial (9.6%) - (9.6%) 0.8% (8.8%) Textron eAviation 10.0% (10.0%) - -
Slide 6: Textron Consolidated Net Debt
Textron Consolidated Net Debt ($ amounts in millions) Year-End 2024 Year-End 2023 Cash $ 1,441 $ 2,181 Finance Group Debt $ 341 $ 348 TXT Mfg. Group Debt 3,247 3,526 Total Debt $ 3,588 $ 3,874 Net Debt $ 2,147 $ 1,693 Textron Inc. Q4 2024 Earnings Call Presentation; January 22, 2025 © 2025 TEXTRON I
Slide 7: Outlook – Full Year 2025
Outlook – Full Year 2025 Adjusted EPS (1) $6.00 - $6.20 Manufacturing Cash Flow $800M - $900M Before Pension Contributions (1) Pension Contributions ~$50M (1) Adjusted EPS and Manufacturing cash flow before pension contributions are non-GAAP measures that are defined and reconciled to GAAP in our ea
Slide 8: Segment Outlook – Full Year 2025
Segment Outlook – Full Year 2025 2025E 2024 Actuals Segment Segment Revenue Segment Profitability Revenue Profitability Textron Aviation ~$ 6.1B ~12.0% - 13.0% $ 5.3B 10.7% Bell ~$ 4.0B ~8.5% - 9.5% $ 3.6B 10.3% Textron Systems ~$ 1.3B ~12.0% - 13.0% $ 1.2B 12.4% Industrial ~$ 3.2B ~4.5% - 5.5% $ 3.
Slide 9: Outlook – Full Year 2025
Outlook – Full Year 2025 ($ amounts in millions) 2025E 2024 Corporate Expenses & Other, net ~$ 160 $ 116 Interest Expense, net for Manufacturing Group ~$ 130 $ 78 LIFO Inventory Provision ~$ 165 $ 176 Intangible Asset Amortization ~$ 35 $ 34 Non-service Pension Income ~$ 265 $ 263 Income Tax Rate (f
Slide 10: Outlook – Full Year 2025
Outlook – Full Year 2025 ($ amounts in millions) 2025E 2024 Research & Development ~$ 500 $ 491 % of Mfg Revenues 3.4% 3.6% CapEx ~$ 425 $ 364 Depreciation ~$ 350 $ 344 Textron Inc. Q4 2024 Earnings Call Presentation; January 22, 2025 © 2025 TEXTRON INC. 10
Slide 11: Pension Outlook – Full Year 2025
Pension Outlook – Full Year 2025 2025E 2024 Discount Rates – U.S. Plans 5.80% 5.25% Assumed Long-Term Rate of 7.25% 7.25% Return Service Pension Cost/(Income) (1) ~$ 75M $ 80M Non-Service Pension Cost/(Income) ~(265M) (263M) Total Pension Cost/(Income) ~$ (190M) $ (183M) Pension Contributions ~$ 50M
Slide 12: Adjusted EBITDA
Adjusted EBITDA ($ amounts in millions) FY 2025 FY 2024 Income from Continuing Operations Before Income ~$ 1,175 $ 943 Taxes Add: Interest Expense, net for Manufacturing group 130 78 Depreciation Expense 350 344 Intangible Asset Amortization 35 34 LIFO Inventory Provision 165 176 Special Charges - 7
Slide 13: Non-GAAP Financial Measures
Non-GAAP Financial Measures We supplement the reporting of our financial information determined under U.S. generally accepted accounting principles (GAAP) with certain non-GAAP financial measures. These non-GAAP financial measures exclude certain significant items that may not be indicative of, or a
Slide 14: © 2025 TEXTRON INC.
—_ Sc al Beechcraft PIPISTRELY _TEXTRON Systems Pfhuowe Xuowe Quvcomme € ATAC “a TEXTRON [@kauTex ) A Textron Company GROUND SUPPORT EQUIPMENT TEXTRON TEXTRON © 2025 TEXTRON INC 14