Huntington Ingalls Industries, Inc. · NYSE:HII
Huntington Ingalls Industries — Q1 2014 Earnings Presentation
10 slides from Huntington Ingalls Industries's earnings presentation, May 8, 2014
Slide 1: Q1 2014 Earnings Presentation
Q1 2014 Earnings Presentation May 8, 2014 Mike Petters President and Chief Executive Officer Barb Niland Corporate Vice President, Business Management & Chief Financial Officer Exhibit 99.2
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
Slide 3: Highlights from the First Quarter 2014
Highlights from the First Quarter 2014 3 Revenues were $1.6 billion Diluted EPS was $1.81, up $0.94 over Q1 2013 Adjusted Diluted EPS* was $1.53, compared to $1.17 in Q1 2013 Continued segment operating margin growth driven by the Ingalls segment Ingalls operating margin was 7.9%, up 350 b
Slide 4: First Quarter 2014 Consolidated Results
First 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. $1,562 $1,594 $1,300 $1,400 $1,500 $1,600 $1,700 Q1 2013 Q1 2014 (
Slide 5: Ingalls Shipbuilding
Ingalls Shipbuilding 5 Ingalls revenues were down slightly YoY due to lower volume on LHA-6 and LPD- 25 Segment operating income and margin were up YoY due to risk retirement on the NSC and LPD programs $550 $ 547 $300 $350 $400 $450 $500 $550 $600 Q1 2013 Q1 2014 ($ in m illi on s) Segment Reve
Slide 6: Newport News Shipbuilding
Newport News Shipbuilding 6 Newport News revenues were up as compared to Q1 2013 due to higher volume on aircraft carriers and The S.M. Stoller Corp. acquisition Segment operating income and margin decreased for the quarter mainly due to lower risk retirement on the VCS program and the Roosevelt
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,” “adjusted operating income,” “adjusted operating margin,” “adjusted net earnings,” and “adjusted diluted earnings per share.” Segment operating income is total operating income before the FAS/CAS Adjustmen
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 547$ 550$ Newport News 1,047 1,012 Total Sales and Service Revenues 1,594 1,562 Segment Operating Income Ingalls 43 24 As a percentage of revenue
Slide 10: Reconciliation of Non-GAAP Measures – Adjusted Figures
Reconciliation of Non-GAAP Measures – Adjusted Figures 10 (In millions, except per share amounts) 2014 2013 $ Change % Change Revenues 1,594$ 1,562$ 32$ 2.0 % Total segment operating income1 137 120 17 14.2 % Total segment operating margin % 1 8.6 % 7.7 % 91 bps Total operating income 159 95 64 67.4
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