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Boeing Company (the) — The Boeing Company — Q3 2019 Earnings Presentation

14 slides from Boeing Company (the)'s earnings presentation, Oct 23, 2019

  1. Slide 1: Third-Quarter 2019 Performance Review

    Third-Quarter 2019 Performance Review Dennis Muilenburg President and Chief Executive Officer Greg Smith Chief Financial Officer Executive Vice President of Enterprise Performance & Strategy October 23, 2019 Copyright © 2019 Boeing. All rights reserved.

  2. Slide 2: 737 MAX Return-to-Service Update

    737 MAX Return-to-Service Update REMEMBERING LIVES LOST SAFETY | QUALITY | INTEGRITY Committed to continuously driving safety across the aviation ecosystem ESTABLISHED FUND FOR VICTIMS’ FAMILIES AND COMMUNITY SUPPORT SOFTWARE UPDATES * Robust MCAS software update of protection . and with new softwar

  3. Slide 3: Permanent Aerospace Safety

    1 2 3 4 5 PERMANENT ENTERPRISE ENTERPRISE DESIGN ENHANCED AEROSPACE PRODUCT & ENGINEERING REQUIREMENTS CONTINUED SAFETY SERVICES REALIGNMENT PROGRAM OPERATION BOARD SAFETY SAFETY COMMITTEE ORGANIZATION PROGRAM 6 7 8 9 10 FLIGHT DECK SAFETY STRENGTHENED LEADERSHIP TALENT DESIGN AND PROMOTION SAFETY I

  4. Slide 4: Third-Quarter Summary

    Third-Quarter Summary Boeing | Investor Relations  Continue to engage global regulators and customers on 737 MAX safe return to service 3Q19 BCA Backlog  Generated revenue of $20.0B and core earnings per share* of $1.45 North America Other 5,488  Recorded operating cash flow of ($2.4B); paid $1.2

  5. Slide 5: Business Environment

    Business Environment Boeing | Investor Relations Strong and Growing Markets  Commercial aviation remains long-term growth industry 10-Year Served Market – 20-year Commercial Market Outlook of 44,040 airplanes Defense Commercial & Space Airplanes Systems  Healthy airline industry profitability, res

  6. Slide 6: Third-Quarter Revenue and Earnings

    Third-Quarter Revenue and Earnings Boeing | Investor Relations Revenue (Billions) Core Earnings per Share * $30 $4.00 $3.58 $25.1 $24 $3.00 $20.0 $18 $2.00 $12 $1.45 $1.00 $6 $0 $0.00 2018 Q3 2019 Q3 2018 Q3 2019 Q3 * Non-GAAP measure. Additional information is provided in the company’s earnings pre

  7. Slide 7: Commercial Airplanes

    Commercial Airplanes Boeing | Investor Relations  Focused on 737 MAX safe return to service Revenues & Operating Margins $14.1  Financial results significantly impacted by 737 MAX grounding $15 17% Revenue (billions) $10 14.4% $8.2 11%  Cost to produce 737 aircraft in program accounting quantity

  8. Slide 8: Defense, Space & Security

    Defense, Space & Security Boeing | Investor Relations  Captured new and follow-on business; well positioned for the future Revenues & Operating Margins – Lot 5 contract for 15 KC-46A Tanker aircraft for U.S. Air Force $8 $6.9 $7.0 15% Revenue (billions) $6 10% 10.7% Margin – Contract for 9 AH-64E A

  9. Slide 9: Global Services

    Global Services Boeing | Investor Relations  Generated strong 14% year-over-year revenue growth Revenues & Operating Margins $6 30% $4.7 Revenue (billions) $4.1  Captured new and follow-on business $4 20% Margin $2 13.4% 14.4% 10% – Awarded contract with U.S. Air Force to provide F-15 training to

  10. Slide 10: Cash Flow

    Cash Flow Boeing | Investor Relations Operating Cash Flow (Billions) $6 $4.6  Lower 737 delivery and advance payments $3  Timing of receipts and expenditures $0 ($3) ($2.4) 2018 Q3 2019 Q3 Cash generation significantly impacted by 737 MAX 10 Copyright © 2019 Boeing. All rights reserved.

  11. Slide 11: Cash and Debt Balances

    Cash and Debt Balances Boeing | Investor Relations Billions Cash Billions S&P: A Boeing debt Moody’s: A2 Marketable Securities Fitch: A BCC debt $25 $25 $22.8 $20 $20 $17.3 $15 $15 $10.9 $10 $9.6 $10 $9.8 $5 $9.2 $5 $1.9 $1.9 $0 $0.4 $1.1 $0 2019 Q2 2019 Q3 2019 Q2 2019 Q3 Strong liquidity with mana

  12. Slide 12: Copyright © 2019 Boeing. All rights reserved.

    Copyright © 2019 Boeing. All rights reserved.

  13. Slide 13: 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,”

  14. Slide 14: Non-GAAP Measure Disclosure

    Non-GAAP Measure Disclosure Boeing | Investor Relations The Boeing Company and Subsidiaries Reconciliation of Non-GAAP Measure (Unaudited) The table provided below reconciles the non-GAAP financial measure core earnings per share with the most directly comparable GAAP financial measure diluted earni

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