Boeing Company (the) · NYSE:BA

Boeing Company (the) — Q1 2013 Earnings Presentation

12 slides from Boeing Company (the)'s earnings presentation, Apr 24, 2013

  1. Slide 1: First-Quarter 2013 Performance Review

    First-Quarter 2013 Performance Review Jim McNerney Chairman, President and Chief Executive Officer Greg Smith Executive Vice President and Chief Financial Officer April 24, 2013 Copyright © 2013 Boeing. All rights reserved.

  2. Slide 2: Business Environment

    Business Environment Boeing | Investor Relations  Global economic growth continues at a slow pace  Passenger traffic remains resilient; cargo traffic pressured  International defense growth opportunities; defense budget pressures in U.S. and other developed markets  Commercial aviation remains l

  3. Slide 3: First-Quarter Summary

    First-Quarter Summary Boeing | Investor Relations  Received FAA approval of the enhanced 787 battery system in April  Results reflect strong core operating performance  Strong commercial airplane orders capture; key defense wins  Production ramp-ups progressing to plan  Strong fundamental produ

  4. Slide 4: First-Quarter Revenue and Earnings

    First-Quarter Revenue and Earnings Boeing | Investor Relations Revenue Core Earnings (Billions) per Share* $25 $2.00 $1.73 $19.4 $18.9 $20 $1.40 $1.50 $15 $1.00 $10 $0.50 $5 $0 $0.00 20121Q 2013Q1 2012Q1 2013Q1 * Non-GAAP measures. Definitions, reconciliations, and further disclosures regarding non-

  5. Slide 5: Commercial Airplanes

    Commercial Airplanes Boeing | Investor Relations  Continued strong operating performance Revenues & Operating Margins $12 $10.9 $10.7 15% Revenue (billions)  Delivered 137 airplanes in Q1 $10 $8 10% Margin 11.4% $6 9.9%  Orders valued at $15B; record backlog of $324B $4 5% $2 – Won 209 net orders

  6. Slide 6: Defense, Space & Security

    Defense, Space & Security Boeing | Investor Relations  Strong operating performance Revenues & Operating Margins $10 15%  Capturing new and follow-on business $8.2 Revenue (billions) $8.1 $8 – Small satellite competitive wins 10% Margin $6 9.0% 10.3% $4 – U.S. Air Force contract for GPS Modernizat

  7. Slide 7: Other results

    Other results Boeing | Investor Relations  Boeing Capital Corporation – Supporting business units while prudently managing portfolio and risk – Net financing portfolio of $4.2 billion during the quarter, as normal portfolio run-off exceeded new volume  Other and Unallocated Expense – Unallocated e

  8. Slide 8: Cash Flow

    Cash Flow Boeing | Investor Relations $ Billions 1Q12 1Q13 Net Earnings 0.9 1.1  Strong core operating performance Depreciation/non-cash 0.6 0.5  Inventory build on the 787 program Working Capital 1 (0.7) (1.1)  Timing of receipts and expenditures Operating Cash Flow Before 0.8 0.5 Pension Contri

  9. Slide 9: 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 $16 $12 $14 $13.5 $10 $11.8 $12 $7.7 $8 $7.1 $10 $8 10.3 $6 8.3 $6 $4 $4 $2.7 $2.1 3.5 $2 $2 3.2 $0 $0 2012Q4 2013Q1 2012Q4 2013Q1 Strong liquidity with ma

  10. Slide 10: Financial Guidance

    Financial Guidance Boeing | Investor Relations Revenue (Billions) Core Earnings per Share* Operating Cash Flow before Pension Contributions (Billions) $82 - 85 $82 $6.10 - $9.0 $5.88 6.30 > $8.0 2012A 2013 2012A 2013 2012A 2013 * Non-GAAP measures. Definitions, reconciliations, and further disclosur

  11. Slide 11: 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,”

  12. Slide 12: Copyright © 2013 Boeing. All rights reserved.

    Copyright © 2013 Boeing. All rights reserved.

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