Boeing Company (the) · NYSE:BA

Boeing Company (the) — Q3 2023 Earnings Presentation

12 slides from Boeing Company (the)'s earnings presentation, Oct 25, 2023

  1. Slide 1: Third-Quarter 2023 Performance Review

    THIRD-QUARTER 2023 PERFORMANCE REVIEW David Calhoun President and Chief Executive Officer Brian West Executive Vice President and Chief Financial Officer October 25, 2023 Copyright © 2023 Boeing. All rights reserved.

  2. Slide 2: Forward-Looking Statements

    FORWARD-LOOKING STATEMENTS 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,” “targets,” “anticipates,” and similar expressi

  3. Slide 3: Business Update

    BUSINESS UPDATE Progressing through our recovery; focused on execution Copyright © 2023 Boeing. All rights reserved.

  4. Slide 4: Third-Quarter Financial Results

    THIRD-QUARTER FINANCIAL RESULTS Q3 2023 Q3 2022 Revenue $18.1B $16.0B Core Operating Margin* (6.0)% (19.2)% Core Loss Per Share* ($3.26) ($6.18) Free Cash Flow* ($0.3B) $2.9B * Non-GAAP measure. See slides 11 & 12 for additional information on non-GAAP measures. Results reflect unfavorable defense p

  5. Slide 5: Commercial Airplanes

    COMMERCIAL AIRPLANES Revenues and Operating Margins $7.9  Secured 398 net orders; backlog of $392B $6.3 Revenue (billions)  Delivered 105 airplanes  Plan to complete 737 production transition to 38 per month by year-end  Transitioning 787 production to 5 per month Q3 2022 Q3 2023 Op margin: (9.9

  6. Slide 6: Defense, Space & Security

    DEFENSE, SPACE & SECURITY Revenues and Operating Margins PATH FORWARD TO 2025 / 2026  Stabilizing factories while driving productivity $5.3 $5.5  Investing in training and supply chain resources Revenue (billions)  Adhering to tighter underwriting standards  Focused on achieving key milestones o

  7. Slide 7: Global Services

    GLOBAL SERVICES Revenues and Operating Margins $4.8  Orders valued at $5B; backlog of $18B $4.4 Revenue (billions)  Delivered 150th 737-800 converted freighter  Order for P-8 trainer upgrades by U.S. Navy  Signed Airplane Health Management agreement with Philippine Airlines Q3 2022 Q3 2023 Op ma

  8. Slide 8: Cash and Debt Balances

    CASH AND DEBT BALANCES Cash and Marketable Securities Consolidated Debt S&P: BBB- Billions Billions Moody’s: Baa2 Fitch: BBB- $52.3 $52.3 $13.8 $13.4 Q2 2023 Q3 2023 Q2 2023 Q3 2023 Strong liquidity…focused on repaying debt Copyright © 2023 Boeing. All rights reserved.

  9. Slide 9: 2023 Financials

    2023 FINANCIALS Segment Operating Cash Prior Outlook Current Outlook  BDS ($1.0B) - ($0.5B) $4.5B - $6.5B  BGS $2.5B - $3.0B ($1.5B) $3B - $5B  BCA $2.5B - $3.5B  Other $0.5B - $0.5B Commercial Deliveries  737 Deliveries: 375 - 400 (vs. 400 - 450)  787 Deliveries: 70 - 80 Expense items Operati

  10. Slide 10: Copyright © 2023 Boeing. All rights reserved.

    Copyright © 2023 Boeing. All rights reserved.

  11. Slide 11: Non-GAAP Measure Disclosures

    NON-GAAP MEASURE DISCLOSURES The table provided below reconciles the non-GAAP financial measure core operating margin with the most directly comparable GAAP financial measure operating margin, and core loss per share with the most directly comparable GAAP financial measure diluted loss per share. Se

  12. Slide 12: Non-GAAP Measure Disclosures

    NON-GAAP MEASURE DISCLOSURES The table provided below reconciles the non-GAAP financial measure free cash flow with the most directly comparable GAAP financial measure operating cash flow. See page 5 of the company’s earnings press release dated October 25, 2023 for additional information on the use

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