Boeing Company (the) · NYSE:BA
Boeing Company (the) — The Boeing Company — Q3 2016 Earnings Presentation
12 slides from Boeing Company (the)'s earnings presentation, Oct 26, 2016
Slide 1: Third-Quarter 2016 Performance Review
Third-Quarter 2016 Performance Review Dennis Muilenburg Chairman, President and Chief Executive Officer Greg Smith Chief Financial Officer Executive Vice President, Corporate Development & Strategy October 26, 2016 Copyright © 2016 Boeing. All rights reserved.
Slide 2: Third-Quarter Summary
Third-Quarter Summary Boeing | Investor Relations 3Q16 BCA Backlog Generated $3.2B of operating cash; 12% year-over year increase North Other America Year to date, repurchased $6.5B of shares & paid dividends of $2.1B 5,612 Airplanes in backlog Earnings reflect overall solid performance, tax i
Slide 3: Business Environment
Business Environment Boeing | Investor Relations 2016 Current Market Outlook Commercial aviation remains long-term growth industry Regional Large jets widebody Single aisle Medium widebody Healthy passenger traffic; modestly improving air cargo market Small widebody 39,620 New airplanes Airlin
Slide 4: Third-Quarter Revenue and Earnings
Third-Quarter Revenue and Earnings Boeing | Investor Relations Revenue (Billions) Core Earnings per Share * $30 $4.00 $25.8 $3.51 $23.9 $3.50 $25 $3.00 $20 $2.52 $2.50 $15 $2.00 $1.50 $10 $1.00 $5 $0.50 $0 $0.00 2015 Q3 2016 Q3 2015 Q3 2016 Q3 * Non-GAAP measures. Reconciliations and additional info
Slide 5: Commercial Airplanes Revenues & Operating Margins
Commercial Airplanes Boeing | Investor Relations Revenues & Operating Margins Delivered 188 airplanes $20 18% $17.7 Revenue (billions) $17.0 15% $15 Orders valued at $9B; robust backlog of $409B Margin 12% $10 9% 10.0% 9.4% – Won 107 net orders $5 6% 3% $0 0% Completed 737 MAX 8 service ready
Slide 6: Defense, Space & Security Revenues & Operating Margins
Defense, Space & Security Boeing | Investor Relations Revenues & Operating Margins Capturing new and follow-on business $9 $8.4 18% $7.5 Revenue (billions) – KC-46 Tanker award for 19 low rate production aircraft 15% Margin $6 12% 12.2% – F/A-18 Flight Control Surfaces $1B award from DLA 10.4% 9%
Slide 7: Cash Flow
Cash Flow Boeing | Investor Relations Operating Cash Flow (Billions) $4 $3.2 Solid operating performance $3 $2.9 Continuing to drive disciplined cash management $2 Repurchased 7.6 million shares in 3Q16 for $1 billion and paid $0.7 $1 billion in dividends $0 2015 Q3 2016 Q3 Strong cash flow; c
Slide 8: 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 $15 $10 $8.7 $8.1 $12 $8 $9.3 $9.7 $9 $6 $6 $4 8.6 9.0 $2.3 $2.4 $3 $2 $0 0.7 0.7 $0 2016 Q2 2016 Q3 2016 Q2 2016 Q3 Strong liquidity with manageable debt
Slide 9: Financial Guidance
Financial Guidance Boeing | Investor Relations 2016 $93.5 – 95.5B Revenue $93.0 – 95.0B $6.80 – 7.00 * Core EPS $6.10 – 6.30 Operating Cash Flow ~$10B * Non-GAAP measure. Definitions, reconciliations, and further disclosures regarding this non-GAAP measure are provided in the company’s earnings pres
Slide 10: 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,”
Slide 11: Copyright © 2016 Boeing. All rights reserved.
Copyright © 2016 Boeing. All rights reserved.
Slide 12: Non-GAAP Measure Disclosure
Non-GAAP Measure Disclosure Boeing | Investor Relations The Boeing Company and Subsidiaries Reconciliation of Non-GAAP Measures (Unaudited) The tables provided below reconcile core earnings per share with the most directly comparable GAAP financial measure diluted earnings per share. See page 6 of t