Huntington Ingalls Industries, Inc. · NYSE:HII
Huntington Ingalls Industries — Q2 2013 Earnings Presentation
10 slides from Huntington Ingalls Industries's earnings presentation, Aug 7, 2013
Slide 1: Q2 2013 Earnings Presentation
Q2 2013 Earnings Presentation August 7, 2013 Mike Petters President and Chief Executive Officer Barb Niland Corporate Vice President, Business Management and Chief Financial Officer EXHIBIT 99.2
Slide 2: Safe Harbor
Statements in this presentation, other than statements of historical fact, constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve risks and uncertainties that could cause our actual results to differ mate
Slide 3: Highlights from the Second Quarter
* Adjusted for the FAS/CAS Adjustment. See Appendix for reconciliation to the comparable GAAP figures. Highlights from the Second Quarter 3 Revenues were $1.7 billion for the quarter Total operating margin was 6.9%, up 73 bps over prior year Pension-adjusted operating margin* was 8.0%, up from
Slide 4: Second Quarter 2013 Consolidated Results
$1.00 $1.12 $1.24 $1.36 $- $0.20 $0.40 $0.60 $0.80 $1.00 $1.20 $1.40 $1.60 Q2 2012 Q2 2013 Diluted EPS GAAP Pension-adjusted* 6.2% 6.9% 7.3% 8.0% 0.0% 1.0% 2.0% 3.0% 4.0% 5.0% 6.0% 7.0% 8.0% 9.0% Q2 2012 Q2 2013 Operating Margin GAAP Pension-adjusted* $106 $116 $125 $134 $- $2 $4 $6 $8 $100 $120 $14
Slide 5: Ingalls Shipbuilding
5.0% 5.2% 0.0% 1.0% 2.0% 3.0% 4.0% 5.0% 6.0% Q2 2012 Q2 2013 Operating Margin $38 $35 $10 $15 $20 $25 $30 $35 $40 Q2 2012 Q2 2013 ($ in m illi on s) Operating Income $756 $ 672 $- $10 $200 $300 $400 $500 $600 $700 $800 Q2 2012 Q2 2013 ($ in m illi on s) Segment Revenues Ingalls Shipbuilding 5 Inga
Slide 6: Newport News Shipbuilding
9.1% 9.8% 5.0% 6.0% 7.0% 8.0% 9.0% 10.0% 11.0% Q2 2012 Q2 2013 Operating Margin $89 $101 $50 $60 $70 $80 $90 $100 $110 Q2 2012 Q2 2013 ($ in m illi on s) Operating Income $979 $ 1,031 $500 $600 $700 $800 $900 $1,000 $1,100 Q2 2012 Q2 2013 ($ in m illi on s) Segment Revenues Newport News Shipbuilding
Slide 7: Appendix
U n sa ve d Docum e n t / 1 2 /2 9 /1 0 / 1 0 :0 2 Appendix
Slide 8: Reconciliations
Reconciliations 8 We make reference to “segment operating income,” “segment operating margin,” “pension-adjusted operating income,” “pension- adjusted operating margin,” “pension-adjusted net earnings,” and “pension-adjusted diluted earnings per share.” Segment operating income is operating income b
Slide 9: Reconciliation of Non-GAAP Measures – Segment Operating Income and Segment Operating Margin
Reconciliation of Non-GAAP Measures – Segment Operating Income and Segment Operating Margin 9 Three Months Ended June 30 ($ in millions) 2013 2012 Sales and Service Revenues Ingalls 672$ 756$ Newport News 1,031 979 Intersegment eliminations (20) (14) Total Sales and Service Revenues 1,683 1,721 Segm
Slide 10: Reconciliation of Non-GAAP Measures – Pension Adjusted Figures
Reconciliation of Non-GAAP Measures – Pension Adjusted Figures 10 Three Months Ended June 30 ($ in millions, except per share amounts) 2013 2012 $ Change % Change Revenues 1,683$ 1,721$ (38)$ (2.2% ) Segment operating income1 136 127 9 7.1% Segment operating margin % 1 8.1% 7.4% 70 bps Total operati
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