Slide 1: Fourth-Quarter and Full-Year 2014 Performance Review
Fourth-Quarter and Full-Year 2014 Performance Review Jim McNerney Chairman and Chief Executive Officer Greg Smith Executive Vice President and Chief Financial Officer January 28, 2015 Copyright © 2015 Boeing. All rights reserved.
Slide 2: Significant Achievements (2013-14) and Future Opportunities
Significant Achievements (2013-14) and Future Opportunities Boeing | Investor Relations Booked more than 2,700 net orders driven by unprecedented demand Executed six production increases; captured productivity improvements BDS won numerous strategic awards and improved affordability Successf
Slide 3: 2014 Summary
2014 Summary Boeing | Investor Relations Results reflect continued strong operating performance Strong commercial airplane orders; key defense awards Proven product strategy; large diversified backlog at a record $502 billion Continued focus on cost reductions and productivity improvements
Slide 4: Business Environment
Business Environment Boeing | Investor Relations Global economic growth continues at a moderate pace Strong passenger traffic; cargo traffic gradually improving Airline profitability improving; driving strong demand for aircraft Commercial aviation remains long-term growth industry Interna
Slide 5: 2014 Financial Results
2014 Financial Results Boeing | Investor Relations 2013 2014 Revenue $86.6B $90.8B Core Operating Earnings * $7.9B $8.9B Core EPS * $7.07 $8.60 Operating Cash Flow $8.2B $8.9B * Non-GAAP measures. Definitions, reconciliations, and further disclosures regarding non-GAAP measures are provided in the c
Slide 6: Fourth-Quarter Revenue and Earnings
Fourth-Quarter Revenue and Earnings Boeing | Investor Relations Revenue Core Earnings (Billions) per Share * $28 $3.00 $24.5 $23.8 $2.50 $2.31 $21 $2.00 $1.88 $14 $1.50 $1.00 $7 $0.50 $0 $0.00 2013Q4 2014Q4 2013Q4 2014Q4 * Non-GAAP measures. Definitions, reconciliations, and further disclosures rega
Slide 7: Commercial Airplanes Revenues & Operating Margins
Commercial Airplanes Boeing | Investor Relations Revenues & Operating Margins Continued strong operating performance $18 $16.8 18% – Record annual revenue and earnings $14.7 Revenue (billions) $15 15% Margin $12 12% Delivered 195 airplanes in Q4; 723 in 2014 $9 9% 10.3% $6 9.3% 6% – Record annua
Slide 8: Defense, Space & Security Revenues & Operating Margins
Defense, Space & Security Boeing | Investor Relations Revenues & Operating Margins Continued strong operating performance $10 18% Capturing new and follow-on business $8.9 Revenue (billions) $8 $7.6 15% Margin 12% – Awarded long-term international service contracts $6 10.8% 12.1% 9% $4 6% – Japa
Slide 9: Cash Flow
Cash Flow Boeing | Investor Relations $ Billions 4Q13 4Q14 Increased production rates Net Earnings 1.2 1.5 Depreciation/non-cash 1.1 0.8 Strong operating performance Working Capital 1 (0.9) 2.7 Timing of receipts and expenditures Operating Cash Flow Before 1.4 5.0 Pension Contributions* Capt
Slide 10: 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 $13.1 $12 $8 $10.1 $6.4 $6.7 $9 $6 11.7 6.7 $6 $4 $2.5 $2.4 $3 $2 3.4 1.4 $0 $0 2014Q3 2014Q4 2014Q3 2014Q4 Strong liquidity with manageable debt l
Slide 11: Financial Guidance
Financial Guidance Boeing | Investor Relations 2015 Revenue $94.5 – 96.5B 4%-6% growth excluding 2014 Core EPS* $8.20 – 8.40 one-time tax benefits of $0.71 Operating Cash Flow >$9B * Non-GAAP measure. Definitions, reconciliations, and further disclosures regarding this non-GAAP measure is provided o
Slide 12: 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 13: Appendix: Other Results
Appendix: Other Results Boeing | Investor Relations Boeing Capital Corporation – Supporting business units while prudently managing portfolio and risk – Net financing portfolio was unchanged from the prior quarter at $3.5 billion as new aircraft volume was offset by normal runoff Earnings from U
Slide 14: Copyright © 2015 Boeing. All rights reserved.
Copyright © 2015 Boeing. All rights reserved.
Slide 15: Non-GAAP Measure Disclosure
Non-GAAP Measure Disclosure Boeing | Investor Relations 15 Copyright © 2015 Boeing. All rights reserved.