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Boeing Company (the) — The Boeing Company — Q1 2014 Earnings Presentation

12 slides from Boeing Company (the)'s earnings presentation, Apr 23, 2014

  1. Slide 1: First-Quarter 2014 Performance Review

    First-Quarter 2014 Performance Review Jim McNerney Chairman and Chief Executive Officer Greg Smith Executive Vice President and Chief Financial Officer April 23, 2014 Copyright © 2014 Boeing. All rights reserved.

  2. Slide 2: First-Quarter Summary

    First-Quarter Summary Boeing | Investor Relations  Results reflect strong core operating performance  Successful execution on production ramp-ups and development programs  Continued focus on cost reductions and productivity improvements  Strong commercial airplane orders; key defense awards  Pr

  3. Slide 3: Business Environment

    Business Environment Boeing | Investor Relations  Global economic growth continues at a moderate pace  Passenger traffic healthy; cargo traffic gradually improving  Commercial aviation remains long-term growth industry  International defense growth opportunities; defense budget pressures in U.S.

  4. Slide 4: First-Quarter Revenue and Earnings

    First-Quarter Revenue and Earnings Boeing | Investor Relations Revenue Core Earnings Excluding benefit for 2012 (Billions) per Share * R&D tax credit of $0.19 $25 $2.00 $1.73 $1.76 $20.5 $20 $18.9 $1.50 $15 $1.00 $10 $0.50 $5 $0 $0.00 2013Q1 2014Q1 2013Q1 2014Q1 * Non-GAAP measures. Definitions, rec

  5. Slide 5: Commercial Airplanes

    Commercial Airplanes Boeing | Investor Relations  Continued strong operating performance Revenues & Operating Margins $12.7 $12 $10.7 15% Revenue (billions) $10  Delivered 161 airplanes in Q1 Margin $8 10% $6 11.4% 11.8%  Orders valued at $14B; backlog of $374B $4 5% $2 $0 0% – Won 235 net orders

  6. Slide 6: Defense, Space & Security

    Defense, Space & Security Boeing | Investor Relations  Continued strong operating performance Revenues & Operating Margins $10 15%  Capturing new and follow-on business $8.1 Revenue (billions) $8 $7.6 Margin 10% – U.S. Navy contract for 16 P-8A Poseidon aircraft $6 10.3% 10.2% $4 – U.S. Army contr

  7. Slide 7: Other Results

    Other Results Boeing | Investor Relations  Boeing Capital Corporation – Supporting business units while prudently managing portfolio and risk – Net financing portfolio of $3.5 billion at the end of the quarter, as portfolio run-off exceeded new volume  Other and Unallocated Expense – Unallocated e

  8. Slide 8: Cash Flow

    Cash Flow Boeing | Investor Relations $ Billions 1Q13 1Q14  Increased production rates Net Earnings 1.1 1.0 Depreciation/non-cash 0.5 0.5  Strong core operating performance Working Capital 1 (1.1) (0.4)  Inventory build on the 787 program Operating Cash Flow Before 0.5 1.1 Pension Contributions*

  9. Slide 9: 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 $18 $12 $15.3 $15 $10 $12.2 $12 $8 $7.0 9.1 $6.3 $9 6.9 $6 $6 $4 $2.6 $2.6 $3 6.2 5.3 $2 $0 $0 2013Q4 2014Q1 2013Q4 2014Q1 Strong liquidity with manageable

  10. Slide 10: Financial Guidance

    Financial Guidance Boeing | Investor Relations 2014 Revenue $87.5 - 90.5B $7.15 - 7.35 * Core EPS $7.00 - 7.20 Operating Cash Flow Before ~ $7.0B Pension Contributions* * Non-GAAP measures. Definitions, reconciliations, and further disclosures regarding non-GAAP measures are provided in the company’

  11. Slide 11: 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,”

  12. Slide 12: Copyright © 2014 Boeing. All rights reserved.

    Copyright © 2014 Boeing. All rights reserved.

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