Slide 1: Third-Quarter 2023 Highlights
AEROSPACE MARINE SYSTEMS COMBAT SYSTEMS TECHNOLOGIES Third-Quarter 2023 Highlights October 25, 2023
Slide 2: Forward-Looking Statements; Non-GAAP Measures
Forward-Looking Statements; Non-GAAP Measures This presentation contains forward-looking statements (FLS), including statements about the company’s future operational and financial performance, which are based on management’s expectations, estimates, projections and assumptions. Words such as “expec
Slide 3: Third-Quarter 2023 Highlights
Third-Quarter 2023 Highlights • Sequential increase in revenue, operating earnings and margin • New backlog record of $95.6B • Operating cash as a % of net earnings > 150% for the quarter & YTD • Repaid notes of $500M in August and $2.25B of debt in the past year Strong Growth – Solid Balance Sheet
Slide 4: Third-Quarter 2023 Financial Highlights
Third-Quarter 2023 Financial Highlights $ In Millions, Except EPS 3Q 2023 Δ 2Q 2023 Δ 3Q 2022 Revenue $ 10,571 4.1% 6.0% Operating Earnings 1,057 9.9% -3.7% Operating Margin 10.0% 50 bps -100 bps Net Earnings 836 12.4% -7.3% EPS, Diluted 3.04 12.6% -6.7% Total Backlog $ 95,560 4.6% 7.6% 3Q 2023 YTD
Slide 5: Aerospace – Third-Quarter 2023 Highlights
Aerospace – Third-Quarter 2023 Highlights Revenue Operating Earnings and Total Backlog and $ In Millions Operating Margin Total Estimated Contract Value $ In Millions $ In Billions 13.3% 13.2% $20.8 $2,347 $20.2 $20.4 $20.1 $19.7 $19.8 $2,032 $312 $20.1 $268 $19.5 $19.3 $19.5 $18.8 $19.1 2022 2023 2
Slide 6: Combat Systems – Third-Quarter 2023 Highlights
Combat Systems – Third-Quarter 2023 Highlights Revenue Operating Earnings and Total Backlog and $ In Millions Operating Margin Orders $ In Millions $ In Billions $2,224 15.2% 13.5% $15.1 $15.1 $1,788 $13.8 $14.1 $13.4 $13.3 $300 $2.6 $2.8 $2.3 $2.4 $2.3 $271 $1.6 2022 2023 2022 2023 2Q22 3Q22 4Q22 1
Slide 7: Marine Systems – Third-Quarter 2023 Highlights
Marine Systems – Third-Quarter 2023 Highlights Revenue Operating Earnings and Total Backlog and $ In Millions Operating Margin Orders $ In Millions $ In Billions $47.7 8.6% $45.7 $43.6 $43.7 $3,002 7.0% $41.8 $42.2 $2,769 $7.0 $6.4 $238 $211 $3.2 $3.2 $1.6 $0.9 2022 2023 2022 2023 2Q22 3Q22 4Q22 1Q2
Slide 8: Technologies – Third-Quarter 2023 Highlights
Technologies – Third-Quarter 2023 Highlights Revenue Operating Earnings and Total Backlog and $ In Millions Operating Margin Total Estimated Contract Value $ In Millions $ In Billions 9.5% $3,313 9.3% $40.9 $41.4 $40.6 $39.6 $40.7 $40.0 $3,071 $315 $285 $13.6 $13.7 $13.1 $12.7 $12.8 $12.7 2022 2023
Slide 9: General Dynamics
GENERAL DYNAMICS