Boeing Company (the) · NYSE:BA
Boeing Company (the) — May 2016 Investor Conference
12 slides from Boeing Company (the)'s conference presentation, May 11, 2016
Slide 1: CFO Remarks
May 2016 Investor Conference CFO Remarks Greg Smith Chief Financial Officer Executive Vice President, Corporate Development & Strategy May 11, 2016 Copyright © 2016 Boeing. All rights reserved. 1
Slide 2: Recent Accomplishments
May 2016 | Investor Conference Recent Accomplishments Robust backlog provides solid foundation for future performance Early start to 787-10 major assembly; achieved 12 per month 787 production rate First flight of 737 MAX Completed 777X firm configuration; opened composite wing factory in Ev
Slide 3: Backlog Growth & Stability
May 2016 | Investor Conference Backlog Growth & Stability more orders… more balanced… more diverse… GS&S Other Other $489B Replace GS&S Asia Replace Europe N&SS Middle East N&SS Asia Growth Americas Europe Growth BMA BMA $152B Americas 2000 2015 2000 2015 2000 2015 2000 2015 Boeing Backlog Commercia
Slide 4: Long Term Revenue Growth & Visibility
May 2016 | Investor Conference Long Term Revenue Growth & Visibility $96B $93B-$95B Key Drivers / Areas of Focus $91B Increasing 737 production to 57/mo $87B Ramping 787 production to 14/mo Raising 767 production to 2.5/mo Modest BDS growth Services growth 777 production bridge Development transitio
Slide 5: Increased Focus on Margin Expansion
May 2016 | Investor Conference Increased Focus on Margin Expansion Consolidated Segment Margins Key Drivers / Areas of Focus Delivering on backlog Supply chain efficiencies Mid Development transition/efficiency Teens First-time production quality Internal cost optimization Double Market conditions 1
Slide 6: Increasing Earnings and Reducing Risk
May 2016 | Investor Conference Increasing Earnings and Reducing Risk Risk Mitigation Disciplined production increases Established development organization Achieved labor stability through 2022 Core Earnings per Share* $8.00 Pension transition (DB plan to DC plan) Executed smooth derivative
Slide 7: Increasing Cash Flow
May 2016 | Investor Conference Increasing Cash Flow Key Drivers / Areas of Focus Improving 787 profitability Increasing 737 production rates Ramping 787 production rates Enterprise-wide productivity ~$10B Modest BDS growth $9.4B Disciplined cash management $8.9B $8.2B 777 production to 7 per month (
Slide 8: Investing in the Business
May 2016 | Investor Conference Investing in the Business Capital Expenditures Research & Development 777X investment Growth (production rates) Completing 737 MAX development Productivity (automation) Development efficiency Vertical integration 777X facility completion BSC expansion complete $3.6B $2
Slide 9: Returning Cash to Shareholders
May 2016 | Investor Conference Returning Cash to Shareholders Repurchase Objective Quarterly Dividend per Share (Diluted Shares) 770M Returning approx. 100% of free cash flow 738M 696M Repurchased ~150M shares $1.09 $10.5B share repurchase $0.91 authorization remaining $0.73 Increased divide
Slide 10: Summary
May 2016 | Investor Conference Summary Continuing to focus on execution of large and diverse backlog Increasing focus on execution Maintaining disciplined cash management Driving financial performance and increase shareholder value Prioritizing cash deployment to shareholders The aerospace
Slide 11: Copyright © 2016 Boeing. All rights reserved.
Copyright © 2016 Boeing. All rights reserved.
Slide 12: Reconciliation of Non-GAAP Measures
May 2016 | Investor Conference The Boeing Company and Subsidiaries Reconciliation of Non-GAAP Measures Core Earnings Per Share (Unaudited) The tables provided below reconcile core earnings per share with the most directly comparable GAAP financial measure. See page 6 of the company's press release d