Boeing Company (the) · NYSE:BA

Boeing Company (the) — Q3 2014 Earnings Presentation

12 slides from Boeing Company (the)'s earnings presentation, Oct 22, 2014

1. Slide 1: Third-Quarter 2014 Performance Review

   Third-Quarter 2014 Performance Review Jim McNerney Chairman and Chief Executive Officer Greg Smith Executive Vice President and Chief Financial Officer October 22, 2014 Copyright © 2014 Boeing. All rights reserved.

2. Slide 2: Third-Quarter Summary

   Third-Quarter Summary Boeing | Investor Relations  Results reflect continued strong operating performance  Increased 2014 core EPS* guidance by $0.20 to between $8.10 and $8.30  Increased 2014 Operating Cash Flow before pension contributions* guidance to >$7B  Continued focus on cost reductions

3. Slide 3: Business Environment

   Business Environment Boeing | Investor Relations  Global economic growth continues at a moderate pace  Strong passenger traffic; cargo traffic gradually improving  Commercial aviation remains long-term growth industry  International defense growth opportunities; defense budget pressures in U.S.

4. Slide 4: Third-Quarter Revenue and Earnings

   Third-Quarter Revenue and Earnings Boeing | Investor Relations Revenue Core Earnings (Billions) per Share * $28 $3.00 $23.8 $22.1 $2.50 $21 $2.14 $2.00 $1.80 $14 $1.50 $1.00 $7 $0.50 $0 $0.00 2013Q3 2014Q3 2013Q3 2014Q3 * Non-GAAP measures. Definitions, reconciliations, and further disclosures regar

5. Slide 5: Commercial Airplanes Revenues & Operating Margins

   Commercial Airplanes Boeing | Investor Relations Revenues & Operating Margins  Continued strong operating performance $18 $16.1 18% $14.0 – Record revenue and earnings $15 15% Revenue (billions) $12 12% Margin  Delivered 186 airplanes in Q3 $9 11.6% 11.2% 9% $6 6%  Orders valued at $69B; record b

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

   Defense, Space & Security Boeing | Investor Relations Revenues & Operating Margins  Continued strong operating performance $10 15% $8.0 $7.9  Capturing new and follow-on business Revenue (billions) $8 10% Margin $6 10.8% – Awarded contract for NASA’s Commercial Crew program $4 8.4% 5% $2 – First o

7. Slide 7: Other Results

   Other Results Boeing | Investor Relations  Boeing Capital Corporation – Supporting business units while prudently managing portfolio and risk – Net financing portfolio increased slightly to $3.5 billion as new volume was partially offset by normal portfolio run-off  Earnings from Unallocated items

8. Slide 8: Cash Flow

   Cash Flow Boeing | Investor Relations $ Billions 3Q13 3Q14  Increased production rates Net Earnings 1.2 1.4 Depreciation/non-cash 0.5 0.7  Strong operating performance Working Capital 1 2.6 (0.4)  Timing of receipts and expenditures Operating Cash Flow Before 4.3 1.7 Pension Contributions*  Inve

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 $12 $12 $10 $11.3 $10.1 $8 $9 $6.4 $6.4 7.5 $6 6.7 $6 $4 $2.5 $2.5 $3 $2 3.8 3.4 $0 $0 2014Q2 2014Q3 2014Q2 2014Q3 Strong liquidity with manageable deb

10. Slide 10: Financial Guidance

    Financial Guidance Boeing | Investor Relations 2014 Revenue $87.5 - 90.5B $8.10 - 8.30 * Core EPS $7.90 – 8.10 Operating Cash Flow Before >$7.0B ~ $7.0B Pension Contributions* * Non-GAAP measures. Definitions, reconciliations, and further disclosures regarding non-GAAP measures are provided in the c

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 © 2014 Boeing. All rights reserved.

    Copyright © 2014 Boeing. All rights reserved.

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