Slide 1: 1Q19 Highlights
1Q19 Highlights April 24, 2019 1
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation contains information about the company’s expectations of future performance, including future financial or operating performance. This information constitutes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act
Slide 3: Financial Highlights
Financial Highlights 1Q19 1Q18 Variance % Revenue $9.3B $7.5B 22.9% EBITDA* $1.24B $1.10B 12.8% Broad-based Operating Earnings $1.01B $1.01B 0.6% Revenue Net Income** $745M $799M (6.8)% Earnings per Share** $2.56 $2.65 (3.4)% Growth Total Backlog $69.2B $62.1B 11.4% • Revenue up 22.9% or $1.7B • Aer
Slide 4: Value-Creating Capital Deployment
Value-Creating Capital Deployment • Commitment to fund expansion at Marine Systems, consolidation at Information Technology and growth at Aerospace • Capital expenditures increased $77M to $181M • Full-year 2019 capital expenditures expected to be approximately 3% of revenue • Returned $400M to shar
Slide 5: Aerospace Highlights
Aerospace Highlights • Revenue grew 22.7% to $2.2B Delivered 34 aircraft vs. 26 in 1Q18 Services expanded by over 12% Services revenue exceeded $500M for 4th consecutive quarter • Book-to-bill of 1.4x; trailing 4-quarters of nearly 1.1x Broad-based demand Notable interest in G500/G600 He
Slide 6: Defense Highlights
Defense Highlights Combat Systems Revenue up 13.6% to $1.6B Solid FY20 funding proposed for Abrams at $2.2B and Stryker, including SHORAD, at $1B Significant ramp up of M-1 Abrams production Work commenced in earnest on Mobile Protected Firepower Strong demand for missile components and ar
Slide 7: Defense Highlights (continued)
Defense Highlights (continued) Information Technology Revenue rose by over $1B to $2.2B EBITDA margin expanded by 270 basis points to 12.4% Book-to-bill of 1.1x; backlog increased 5% sequentially to $8.4B Ahead of schedule for capturing $200M+ of gross synergies New website (https://www.gd
Slide 8: Appendix
Appendix GENERAL DYNAMICS
Slide 9: Non-GAAP Financial Measures
Non-GAAP Financial Measures $ in millions a) We believe earnings before interest, taxes, depreciation and amortization (EBITDA) is a useful measure for investors because it provides another measure of our profitability and our ability to service our debt. We calculate EBITDA by adding back interest,
Slide 10: General Dynamics
GENERAL DYNAMICS