Huntington Ingalls Industries, Inc. · NYSE:HII

Huntington Ingalls Industries — Q2 2014 Earnings Presentation

10 slides from Huntington Ingalls Industries's earnings presentation, Aug 7, 2014

  1. Slide 1: Q2 2014 Earnings Presentation

    Q2 2014 Earnings Presentation August 7, 2014 Mike Petters President and Chief Executive Officer Barb Niland Corporate Vice President, Business Management & Chief Financial Officer Exhibit 99.2

  2. Slide 2: Safe Harbor

    Safe Harbor 2 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

  3. Slide 3: Highlights from the Second Quarter 2014

    Highlights from the Second Quarter 2014 3  Revenues were $1.7 billion  Diluted EPS was $2.04, up $0.92 over Q2 2013  Pension-adjusted Diluted EPS* was $1.75, compared to $1.36 in Q2 2013  Total operating margin was 10.5%, compared to 6.9% in same period prior year driven by a favorable FAS/CAS A

  4. Slide 4: Second Quarter 2014 Consolidated Results

    Second Quarter 2014 Consolidated Results 4 * Non-GAAP metric that excludes the FAS/CAS Adjustment. See appendix for reconciliation. ** Non-GAAP metric that excludes the tax effected FAS/CAS Adjustment. See appendix for reconciliation. $1,683 $1,719 $1,300 $1,400 $1,500 $1,600 $1,700 $1,800 Q2 2013 Q

  5. Slide 5: Ingalls Shipbuilding

    $31 $59 $- $10 $20 $30 $40 $50 $60 $70 Q2 2013 Q2 2014 ($ in mi llio ns ) Operating Income $592 $ 572 $300 $350 $400 $450 $500 $550 $600 $650 Q2 2013 Q2 2014 ($ in mi llio ns ) Segment Revenues Ingalls Shipbuilding 5  Ingalls revenues were down slightly YoY due to lower volume on LHA-6 and LPD- 25

  6. Slide 6: Newport News Shipbuilding

    $105 $104 $- $20 $40 $60 $80 $100 $120 Q2 2013 Q2 2014 ($ in mi llio ns ) Operating Income $1,092 $ 1,129 $50 $600 $700 $800 $900 $1,000 $1,100 $1,200 Q2 2013 Q2 2014 ($ in mi llio ns ) Segment Revenues Newport News Shipbuilding 6  Newport News revenues were up as compared to Q2 2013 due to higher

  7. Slide 7: Appendix

    U n sa ve d Docum e n t / 1 2 /2 9 /1 0 / 1 0 :0 2 Appendix

  8. 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 total operating inc

  9. 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 ($ in millions) 2014 2013 Sales and Service Revenues Ingalls 572$ 592$ Newport News 1,129 1,092 Other 20 — Intersegment eliminations (2) (1) Total Sales and Service Revenues 1,719 1,683 Segment Operating In

  10. Slide 10: Reconciliation of Non-GAAP Measures – Pension-adjusted Figures

    Reconciliation of Non-GAAP Measures – Pension- adjusted Figures 10 (In millions, except per share amounts) 2014 2013 $ Change % Change Revenues 1,719$ 1,683$ 36$ 2.1 % Total segment operating income1 163 136 27 19.9 % Total segment operating margin % 1 9.5 % 8.1 % 140 bps Total operating income 181

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