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Boeing Company (the) — The Boeing Company — Q2 2023 Earnings Presentation

12 slides from Boeing Company (the)'s earnings presentation, Jul 26, 2023

  1. Slide 1: Second-Quarter 2023 Performance Review

    SECOND-QUARTER 2023 PERFORMANCE REVIEW David Calhoun President and Chief Executive Officer Brian West Executive Vice President and Chief Financial Officer July 26, 2023 Copyright © 2023 Boeing. All rights reserved.

  2. Slide 2: Forward-Looking Statements

    FORWARD-LOOKING STATEMENTS 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,” “targets,” “anticipates,” and similar expressi

  3. Slide 3: Business Update

    BUSINESS UPDATE Progressing through our recovery; focused on execution Copyright © 2023 Boeing. All rights reserved.

  4. Slide 4: Second-Quarter Financial Results

    SECOND-QUARTER FINANCIAL RESULTS Q2 2023 Q2 2022 Revenue $19.8B $16.7B Core Operating Margin* (2.0)% 3.0% Core Loss Per Share* ($0.82) ($0.37) Free Cash Flow* $2.6B ($0.2B) * Non-GAAP measure. See slides 11-12 for additional information on non-GAAP measures. Increased commercial volume and lower def

  5. Slide 5: Commercial Airplanes Revenues and Operating Margins

    COMMERCIAL AIRPLANES Revenues and Operating Margins $8.8  Secured 460 net orders; backlog of $363B $6.3 Revenue (billions)  Delivered 136 airplanes  Transitioning 737 production to 38 per month; still expect 400-450 deliveries  Increased 787 production to 4 per month; still expect 70-80 deliveri

  6. Slide 6: Defense, Space & Security Revenues and Operating Margins

    DEFENSE, SPACE & SECURITY Revenues and Operating Margins $6.2 $6.2  Orders valued at $6B; backlog of $58B Revenue (billions)  Completed T-7A Red Hawk first USAF flight  U.S. Army award for 19 CH-47 Chinooks  Delivered 38 aircraft Q2 2022 Q2 2023 Op margin: 1.1% (8.5)% Focused on production stabi

  7. Slide 7: Global Services Revenues and Operating Margins

    GLOBAL SERVICES Revenues and Operating Margins $4.7 $4.3  Orders valued at $4B; backlog of $18B Revenue (billions)  New parts distribution site in Poland  Collaboration with CAE on training solutions  Japan Airlines adopted Insight Accelerator Q2 2022 Q2 2023 Op margin: 16.9% 18.0% Strong perfor

  8. Slide 8: Cash and Debt Balances

    CASH AND DEBT BALANCES Cash and Marketable Securities Consolidated Debt S&P: BBB- Billions Billions Moody’s: Baa2 Fitch: BBB- $55.4 $52.3 $14.8 $13.8 Q1 2023 Q2 2023 Q1 2023 Q2 2023 Strong liquidity…focused on repaying debt Copyright © 2023 Boeing. All rights reserved.

  9. Slide 9: 2023 Financials

    2023 FINANCIALS Segment Operating Cash Prior Outlook Current Outlook  BDS ($1.0B) - ($0.5B) $4.5B - $6.5B  BGS $2.5B - $3.0B ($1.5B) $3B - $5B  BCA $2.5B - $3.5B  Other $0.5B - $0.5B Commercial Deliveries  737 Deliveries: 400 - 450  787 Deliveries: 70 - 80 Expense items Operating CapEx Free Ca

  10. Slide 10: Copyright © 2023 Boeing. All rights reserved.

    Copyright © 2023 Boeing. All rights reserved.

  11. Slide 11: Non-GAAP Measure Disclosures

    NON-GAAP MEASURE DISCLOSURES The table provided below reconciles the non-GAAP financial measure core operating margin with the most directly comparable GAAP financial measure operating margin, and core loss per share with the most directly comparable GAAP financial measure diluted loss per share. Se

  12. Slide 12: Non-GAAP Measure Disclosure

    NON-GAAP MEASURE DISCLOSURE The table provided below reconciles the non-GAAP financial measure free cash flow with the most directly comparable GAAP financial measure operating cash flow. See page 5 of the company’s earnings press release dated July 26, 2023 for additional information on the use of

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