Boeing Company (the) · NYSE:BA
Boeing Company (the) — May 2015 Investor Conference
13 slides from Boeing Company (the)'s conference presentation, May 12, 2015
Slide 1: CFO Remarks
May 2015 Investor Conference CFO Remarks Greg Smith Executive Vice President Business Development & Strategy and Chief Financial Officer May 12, 2015 Copyright © 2015 Boeing. All rights reserved.
Slide 2: Recent Strategic Accomplishments
May 2015 | Investor Conference Recent Strategic Accomplishments Established record backlog of $502B Successful EIS of the 787-9, strong in-service performance 787 production stabilized at 10 per month Defense business well positioned, key wins expanding the portfolio Strong financial resul
Slide 3: Unprecedented Backlog
May 2015 | Investor Conference Unprecedented Backlog Commercial Airplanes $440B 502 More than 5,700 airplanes 441 390 Strong, diverse, and stable Dollars in Billions 356 Defense, Space & Security $62B Approximately 37% international Affordable, reliable, proven systems Significant oppo
Slide 4: Long-term Growth & Visibility
May 2015 | Investor Conference Long-term Growth & Visibility Revenue Dollars in Billions Growth Imperatives Deliver BCA growth on a significantly larger scale Leverage One Boeing $94.5- Win key BDS opportunities $86.6 $90.8 96.5 $81.7 Execute on development programs Accelerate services growth 2012 2
Slide 5: Focused on Improving Margins
May 2015 | Investor Conference Focused on Improving Margins Core Operating Margins* Growth Imperatives Impact: Higher R&D, Leverage Partnering for Success 747/787 Leverage Market Based Affordability Utilize Lean+/CVQ to create 9.8% ~9% affordability advantage 9.1% 8.8% Improve 787 profitability Affo
Slide 6: Focused on Earnings Growth
May 2015 | Investor Conference Focused on Earnings Growth Core Earnings Per Share* (Adjusting for non-recurring items**) Growth Imperatives Execute production rate increases Manage financial strength Further drive internal productivity $8.20- $7.89 $8.40 $6.95 Increased utilization of automation $6.
Slide 7: Focused on Cash Flow
May 2015 | Investor Conference Focused on Cash Flow Operating Cash Flow Dollars in Billions Growth Imperatives Deliver on our record backlog Improve 787 unit cost Drive productivity ~$18 $15.7 Strong cash conversion at BDS $7.0 Disciplined cash management 2010 & 2011 2012 & 2013 2014 Actuals & 2016-
Slide 8: Capex and R&D
May 2015 | Investor Conference Capex and R&D 2012 – 2015 Dollars in Billions Product development BDS R&D 737 MAX $5B $22B 787-9/10 Investment 777-X in BDS future programs Growth Rate increases BCA R&D and 737 – 31.5 to 52/month $8B Capex Productivity 787 – 2 to 14/month $9B Lean Manufacturing Automa
Slide 9: Capital Deployment
May 2015 | Investor Conference Capital Deployment Operating Cash Flow Uses of Cash Pension Funding Production rate increases Invest in growth & Dividends productivity 787 continues to improve Significant share Capital Spending repurchase Continued productivity Disciplined R&D >$25B R&D spending Affo
Slide 10: Summary
May 2015 | Investor Conference Summary Turning our focus to execution on large and diverse backlog Balance growth and productivity Remain focused on strong core performance Execute on disciplined cash management Drive financial performance and increase shareholder value Cash deployment t
Slide 11: Copyright © 2015 Boeing. All rights reserved.
Copyright © 2015 Boeing. All rights reserved.
Slide 12: Non-GAAP Measure Disclosure
May 2015 | Investor Conference Non-GAAP Measure Disclosure Reconciliation of Non-GAAP Measures Core Earnings Per Share Excluding Non-recurring Items (Unaudited) The table provided below reconciles the non-GAAP financial measure of core earnings per share excluding certain non-recurring items with th
Slide 13: Non-GAAP Measure Disclosure
May 2015 | Investor Conference Non-GAAP Measure Disclosure The Boeing Company and Subsidiaries Reconciliation of Non-GAAP Measures Operating Cash Flow Excluding Research & Development (R&D) and Pension Contributions (Unaudited) The table provided below reconciles the non-GAAP financial measure of op