Boeing Company (the) · NYSE:BA
Boeing Company (the) — The Boeing Company — Q2 2017 Earnings Presentation
12 slides from Boeing Company (the)'s earnings presentation, Jul 26, 2017
Slide 1: Second-Quarter 2017 Performance Review
Second-Quarter 2017 Performance Review Dennis Muilenburg Chairman, President and Chief Executive Officer Greg Smith Chief Financial Officer Executive Vice President of Enterprise Performance & Strategy July 26, 2017 Copyright © 2017 Boeing. All rights reserved.
Slide 2: Second-Quarter Summary
Second-Quarter Summary Boeing | Investor Relations 2Q17 BCA Backlog Generated strong earnings and robust operating cash flow North Other America Repurchased $2.5B of shares; paid $0.9B in dividends 5,744 Airplanes in backlog Won 183 commercial airplane orders Europe Middle East Southeast Lau
Slide 3: Business Environment
Business Environment Boeing | Investor Relations 2017 Current Market Outlook Commercial aviation remains long-term growth industry Regional Freighters jets Single aisle Medium / Large widebody Healthy airline profitability; robust passenger traffic Small widebody 41,030 New airplanes Strong na
Slide 4: Second-Quarter Revenue and Earnings
Second-Quarter Revenue and Earnings Boeing | Investor Relations Revenue (Billions) Core Earnings per Share * $30 $3.00 $2.55 $24.8 $2.50 $25 $22.7 $2.00 $20 $1.50 $15 $1.00 $0.50 $10 $0.00 $5 ($0.50) ($0.44) $0 ($1.00) 2016 Q2 2017 Q2 2016 Q2 2017 Q2 * Non-GAAP measures. Definitions, reconciliations
Slide 5: Commercial Airplanes
Commercial Airplanes Boeing | Investor Relations Revenues & Operating Margins Delivered 183 airplanes $20 18% $17.5 Revenue (billions) $15.7 15% Won 183 net orders $15 12% Margin 9% $10 10.0% 6% – Orders valued at $22B; robust backlog of $424B $5 3% 0% (5.6%) -3% $0 -6% – 2Q orders for 88 widebo
Slide 6: Defense, Space & Security
Defense, Space & Security Boeing | Investor Relations Revenues & Operating Margins Capturing new and follow-on business $9 21% $7.2 Revenue (billions) $6.9 18% – MDA award for Redesigned Kill Vehicle Development $6 15% Margin 12% 12.9% 9% – Contract for 38 AH-64E Apache aircraft for UK $3 8.3% 6%
Slide 7: Cash Flow
Cash Flow Boeing | Investor Relations Operating Cash Flow (Billions) $5 $5.0 $4 Strong operating performance $3.2 $3 Favorable timing of receipts and expenditures Repurchased 13.6 million shares in 2Q17 for $2 $2.5 billion and paid $0.9B billion in dividends $1 $0 2016 Q2 2017 Q2 Strong cash f
Slide 8: 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 $12 $12 $10.3 $9.2 $9 $9 $7.7 $7.8 $6 8.7 $6 8.2 $3.1 $3.0 $3 $3 1.0 1.6 $0 $0 2017 Q1 2017 Q2 2017 Q1 2017 Q2 Strong liquidity with manageable debt levels
Slide 9: Financial Guidance
Financial Guidance Boeing | Investor Relations 2017 Revenue $90.5 – 92.5B * $9.80 – 10.00 Core EPS $9.20 – 9.40 ~$12.25B Operating Cash Flow ~$10.75B ~$2.0B Capital Expenditures ~$2.3B * Non-GAAP measures. Definitions, reconciliations, and further disclosures regarding this non-GAAP measure are prov
Slide 10: 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,”
Slide 11: Copyright © 2017 Boeing. All rights reserved.
Copyright © 2017 Boeing. All rights reserved.
Slide 12: Non-GAAP Measure Disclosure
Non-GAAP Measure Disclosure Boeing | Investor Relations The Boeing Company and Subsidiaries Reconciliation of Non-GAAP Measures (Unaudited) The tables provided below reconcile the non-GAAP financial measures core earnings/(loss) per share with the most directly comparable GAAP financial measure, dil