Slide 1: Second-Quarter 2022 Highlights and 2022 Outlook
AEROSPACE MARINE SYSTEMS COMBAT SYSTEMS TECHNOLOGIES Second-Quarter 2022 Highlights and 2022 Outlook July 27, 2022
Slide 2: Forward-Looking Statements; Non-GAAP Measures
Forward-Looking Statements; Non-GAAP Measures Certain statements in this presentation, including any statements about the company’s future operational and financial performance, may constitute “forward- looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, a
Slide 3: Second-Quarter 2022 Financial Highlights
Second-Quarter 2022 Financial Highlights $ In Millions, Except EPS Second Quarter 2022 2021 2Q22 vs. 2Q21 Revenue $ 9,189 $ 9,220 -0.3% Operating Earnings 978 959 2.0% Operating Margin 10.6% 10.4% 20 bps Net Earnings 766 737 3.9% EPS, Diluted 2.75 2.61 5.4% 2Q22 1H22 Cash From Operations $ 659 $ 2,6
Slide 4: Aerospace
Aerospace $ In Millions Revenue Operating Earnings and Total Backlog and Operating Margin Total Estimated Contract Value $19,444 $19,663 12.7% $17,950 $1,867 12.0% $18,786 $16,664 $1,622 $15,620 $17,615 $238 $14,241 $16,293 $195 $14,690 $13,521 $11,929 2Q21 2Q22 2Q21 2Q22 1Q21 2Q21 3Q21 4Q21 1Q22 2Q
Slide 5: Marine Systems
Marine Systems $ In Millions Revenue Operating Earnings and Total Backlog and Operating Margin Total Estimated Contract Value 8.3% $2,651 8.0% $52,566 $52,219 $51,450 $2,536 $49,126 $47,230 $45,742 $210 $211 $49,751 $47,530 $46,323 $44,855 $42,914 $41,838 2Q21 2Q22 2Q21 2Q22 1Q21 2Q21 3Q21 4Q21 1Q22
Slide 6: Combat Systems
Combat Systems $ In Millions Revenue Operating Earnings and Total Backlog and Operating Margin Total Estimated Contract Value 14.7% $1,899 14.0% $23,348 $22,139 $1,666 $20,942 $20,377 $20,029 $19,357 $266 $245 $14,228 $14,428 $13,348 $13,093 $13,059 $13,438 2Q21 2Q22 2Q21 2Q22 1Q21 2Q21 3Q21 4Q21 1Q
Slide 7: Technologies
Technologies $ In Millions Revenue Operating Earnings and Total Backlog and Operating Margin Total Estimated Contract Value 10.1% 9.7% $41,203 $42,993 $3,163 $40,362 $40,521 $40,350 $40,596 $3,005 $308 $304 $13,673 $13,768 $13,737 $13,353 $13,646 $13,568 2Q21 2Q22 2Q21 2Q22 1Q21 2Q21 3Q21 4Q21 1Q22
Slide 8: Financial Guidance
Financial Guidance Initial 2022 Guidance Updated 2022 Outlook EPS, diluted $12.00 – 12.15 ≈ $12.15 Revenue ($B) Operating Margin Revenue ($B) Operating Margin ≈ $8.4 ≈ $8.6 Aerospace ≈ 12.8% ≈ 12.9% ≈ 123 deliveries ≈ 123 deliveries Marine Systems ≈ $10.8 ≈ 8.6% ≈ $10.8 ≈ 8.3% Combat Systems $7.15 –
Slide 9: Appendix
Appendix GENERAL DYNAMICS
Slide 10: Non-GAAP Financial Measures
Non-GAAP Financial Measures EBITDA Second Quarter First Six Months ($ in millions) 2022 2021 2022 2021 Earnings before interest, taxes, depreciation and amortization: Net earnings $ 766 $ 737 $ 1,496 $ 1,445 Interest, net 95 109 193 232 Provision for income tax, net 157 144 276 281 Depreciation of p
Slide 11: Non-GAAP Financial Measures
Non-GAAP Financial Measures Technologies EBITDA Second Quarter First Six Months ($ in millions) 2022 2021 2022 2021 Earnings before interest, taxes, depreciation and amortization: Operating earnings $ 304 $ 308 $ 602 $ 614 Other, net 25 24 49 47 Depreciation of property, plant and equipment 38 39 73
Slide 12: GENERAL DYNAMICS
GENERAL DYNAMICS