General Dynamics Corporation · NYSE:GD

General Dynamics — Q1 2023 Earnings Presentation

8 slides from General Dynamics's earnings presentation, Apr 26, 2023

1. Slide 1: First-Quarter 2023 Highlights

   AEROSPACE MARINE SYSTEMS COMBAT SYSTEMS TECHNOLOGIES First-Quarter 2023 Highlights April 26, 2023

2. Slide 2: Forward-Looking Statements; Non-GAAP Measures

   Forward-Looking Statements; Non-GAAP Measures This presentation contains forward-looking statements (FLS), including statements about the company’s future operational and financial performance, which are based on management’s expectations, estimates, projections and assumptions. Words such as “expec

3. Slide 3: First-Quarter 2023 Financial Highlights

   First-Quarter 2023 Financial Highlights $ In Millions, Except EPS 1Q 2023 Δ 1Q 2022 Revenue $ 9,881 5.2% Operating Earnings 938 3.3% Operating Margin 9.5% -20 bps Net Earnings 730 – EPS, Diluted 2.64 1.1% 1Q 2023 Cash From Operations $ 1,462 % Net Earnings 200% Free Cash Flow * 1,301 % Net Earnings

4. Slide 4: Aerospace – First-Quarter 2023 Highlights

   Aerospace – First-Quarter 2023 Highlights Revenue Operating Earnings and Total Backlog and $ In Millions Operating Margin Total Estimated Contract Value $ In Millions $ In Billions 12.8% 12.1% $20.2 $20.1 $1,903 $1,892 $19.7 $19.8 $19.4 $19.5 $243 $229 $19.1 $19.3 $18.8 $17.6 2022 2023 2022 2023 1Q2

5. Slide 5: Combat Systems – First-Quarter 2023 Highlights

   Combat Systems – First-Quarter 2023 Highlights Revenue Operating Earnings and Total Backlog and $ In Millions Operating Margin Orders $ In Millions $ In Billions 14.0% 13.6% $14.1 $13.8 $1,675 $1,756 $13.4 $13.3 $13.1 $227 $245 $2,373 $2,575 $2,258 $1,747 $1,555 2022 2023 2022 2023 1Q22 2Q22 3Q22 4Q

6. Slide 6: Marine Systems – First-Quarter 2023 Highlights

   Marine Systems – First-Quarter 2023 Highlights Revenue Operating Earnings and Total Backlog and $ In Millions Operating Margin Orders $ In Millions $ In Billions $45.7 $2,992 8.0% $43.6 7.1% $42.9 $42.2 $41.8 $2,651 $211 $211 $6,429 $3,170 $711 $1,574 $900 2022 2023 2022 2023 1Q22 2Q22 3Q22 4Q22 1Q2

7. Slide 7: Technologies – First-Quarter 2023 Highlights

   Technologies – First-Quarter 2023 Highlights Revenue Operating Earnings and Total Backlog and $ In Millions Operating Margin Total Estimated Contract Value $ In Millions $ In Billions $3,241 9.4% 9.2% $43.0 $3,163 $40.6 $40.9 $41.4 $39.6 $298 $299 $13.6 $13.6 $13.7 $12.7 $12.8 2022 2023 2022 2023 1Q

8. Slide 8: General Dynamics

   GENERAL DYNAMICS

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