Slide 1: First-Quarter 2016 Performance Review
First-Quarter 2016 Performance Review Dennis Muilenburg Chairman, President and Chief Executive Officer Greg Smith Chief Financial Officer Executive Vice President, Corporate Development & Strategy April 27, 2016 Copyright © 2016 Boeing. All rights reserved.
Slide 2: First-Quarter Summary
First-Quarter Summary Boeing | Investor Relations Results reflect solid deliveries and core operating performance Generated $1.2B of operating cash; completed $3.5B share repurchase Earnings impacted by KC-46 Tanker charge; on path to meet commitments Continued focus on cost reductions and p
Slide 3: Business Environment
Business Environment Boeing | Investor Relations Global economic growth continues at a moderate pace Strong passenger traffic; slow air cargo market recovery Robust airline profitability driving healthy demand for aircraft Commercial aviation remains long-term growth industry Stabilizing U
Slide 4: First-Quarter Revenue and Earnings
First-Quarter Revenue and Earnings Boeing | Investor Relations Revenue (Billions) Core Earnings per Share* $30 $3.00 $25 $2.50 $22.1 $22.6 $1.98 $1.97 Adjusted $20 $2.00 KC-46 Charge $15 $1.50 $1.74 $10 $1.00 $5 $0.50 $0 $0.00 2015Q1 2016Q1 2015Q1 2016Q1 * Non-GAAP measures. Reconciliations and addi
Slide 5: Commercial Airplanes Revenues & Operating Margins
Commercial Airplanes Boeing | Investor Relations Revenues & Operating Margins $20 18% Delivered 176 airplanes in Q1 Revenue (billions) $15.4 $14.4 15% $15 Margin 12% $10 9% 10.5% Orders valued at $6B in Q1; robust backlog of $424B 6% $5 7.2% 3% – Won 121 net orders $0 2015 Q1 2016 Q1 0% 160 basi
Slide 6: Defense, Space & Security Revenues & Operating Margins
Defense, Space & Security Boeing | Investor Relations Revenues & Operating Margins Continued strong operating performance $9 18% $8.0 Capturing new and follow-on business Revenue (billions) $6.7 15% Margin $6 12% – U.S. Navy contract for 20 P-8A Poseidon aircraft 11.1% 10.3% 9% $3 6% 3% – Contra
Slide 7: Cash Flow
Cash Flow Boeing | Investor Relations Solid core operating performance $ Billions 1Q15 1Q16 Continuing to drive disciplined Net Earnings 1.3 1.2 cash management Depreciation/non-cash 0.5 0.6 Timing of receipts and Working Capital (1.7) (0.6) expenditures Operating Cash Flow 0.1 1.2 Repurchas
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 $12.1 $12 $8 $7.6 $7.6 $9 $8.4 $6 $6 11.3 $4 7.9 $2.4 $2.4 $3 $2 $0 0.8 0.5 $0 2015Q4 2016Q1 2015Q4 2016Q1 Strong liquidity with manageable debt le
Slide 9: Financial Guidance
Financial Guidance Boeing | Investor Relations 2016 Revenue $93.0 – 95.0B * Core EPS $8.15 – 8.35 Operating Cash Flow ~$10B * Non-GAAP measure. Definitions, reconciliations, and further disclosures regarding this non-GAAP measure are provided in the company’s earnings press release dated April 27, 2
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 Core Earnings Per Share Excluding the Tanker Charge (Unaudited) The tables provided below reconcile (i) core earnings per share and (ii) core earnings per share excluding t