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Boeing Company (the) — The Boeing Company — Q1 2018 Earnings Presentation

13 slides from Boeing Company (the)'s earnings presentation, Apr 25, 2018

  1. Slide 1: First-Quarter 2018 Performance Review

    First-Quarter 2018 Performance Review Dennis Muilenburg Chairman, President and Chief Executive Officer Greg Smith Chief Financial Officer Executive Vice President of Enterprise Performance & Strategy April 25, 2018 Copyright © 2018 Boeing. All rights reserved.

  2. Slide 2: First-Quarter Summary

    First-Quarter Summary Boeing | Investor Relations 1Q18 BCA Backlog  Generated higher revenue, earnings & operating cash flow; strong execution North America  Repurchased $3.0B of shares; paid $1.0B in dividends Other 5,835 Airplanes in backlog  Delivered 184 commercial airplanes, including 36 737

  3. Slide 3: Business Environment

    Business Environment Boeing | Investor Relations Strong and Growing Markets 10 Year Served Market  Commercial aviation remains long-term growth industry Defense Commercial & Space Airplanes Systems  Robust airline profitability and strong passenger traffic $7.6T  Diverse and balanced geographic,

  4. Slide 4: First-Quarter Revenue and Earnings

    First-Quarter Revenue and Earnings Boeing | Investor Relations Revenue (Billions) Core Earnings per Share * $30 $5.00 $25 $23.4 $4.00 $22.0 $3.64 $20 $3.00 $15 $2.17 $2.00 $10 $1.00 $5 $0 $0.00 2017 Q1 2018 Q1 2017 Q1 2018 Q1 * Non-GAAP measures. Definitions, reconciliations, and further disclosures

  5. Slide 5: Commercial Airplanes

    Commercial Airplanes Boeing | Investor Relations  Delivered 184 airplanes Revenues & Operating Margins $20 20% – Included 36 737 MAX deliveries Revenue (billions) $15 $13.0 $13.7 15%  Won 221 net orders Margin $10 10% 11.0% – Orders valued at $18B; robust backlog of $415B $5 5% 6.7%  Key delivery

  6. Slide 6: Defense, Space & Security

    Defense, Space & Security Boeing | Investor Relations  Captured new and follow-on business Revenues & Operating Margins $8 20% – Signed extension for Ground-based Midcourse Defense $5.8 Revenue (billions) $6 $5.1 15% Margin – Initial contract for 28 F/A-18 Super Hornets for Kuwait $4 10% 10.7% 11.3

  7. Slide 7: Global Services

    Global Services Boeing | Investor Relations  Strong revenue growth and operational execution Revenues & Operating Margins $6 30%  Captured new and follow-on business Revenue (billions) $3.7 $3.9 $4 20% Margin – Awarded F-15 Saudi support contract 17.1% 16.3% $2 10% – Captured landing gear exchange

  8. Slide 8: Cash Flow

    Cash Flow Boeing | Investor Relations Operating Cash Flow (Billions) $4 $3.1 $3  Planned higher commercial production rates $2.1 $2  Improved performance $1  Favorable timing of receipts and expenditures $0 2017 Q1 2018 Q1 Strong cash flow reflects healthy business 8 Copyright © 2018 Boeing. All

  9. Slide 9: Cash and Debt Balances

    Cash and Debt Balances Boeing | Investor Relations Billions Cash Billions S&P: A Boeing debt Moody’s: A2 Marketable Securities Fitch: A BCC debt $12 $12 $10.0 $9.9 $10.0 $9 $9 $8.6 $6 $6 $8.8 $9.2 $3 $3 $2.5 $2.5 $1.2 $0.7 $0 $0 2017 Q4 2018 Q1 2017 Q4 2018 Q1 Strong liquidity with manageable debt l

  10. Slide 10: Financial Guidance

    Financial Guidance Boeing | Investor Relations 2018 Revenue $96.0 – 98.0B * $14.30 – 14.50 Core EPS $13.80 – 14.00 $15.0 – 15.5B Operating Cash Flow ~$15.0B Capital Expenditures ~$2.2B * Non-GAAP measures. Definitions, reconciliations, and further disclosures regarding this non-GAAP measure are prov

  11. Slide 11: Copyright © 2018 Boeing. All rights reserved.

    Copyright © 2018 Boeing. All rights reserved.

  12. Slide 12: 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,”

  13. Slide 13: Non-GAAP Measure Disclosure

    Non-GAAP Measure Disclosure Boeing | Investor Relations The Boeing Company and Subsidiaries Reconciliation of Non-GAAP Measures (Unaudited) The table provided below reconciles the non-GAAP financial measure core earnings per share with the most directly comparable GAAP financial measure diluted earn

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