Delta Air Lines, Inc. · NYSE:DAL
Delta Air Lines — Industrials Conference 2025
7 slides from Delta Air Lines's conference presentation, Mar 10, 2025
Slide 1: Industrials Conference March 11, 2025
Industrials Conference March 11, 2025
Slide 2: Forward-looking statements
Statements made in this presentation that are not historical facts, including statements regarding our estimates, expectations, beliefs, intentions, projections, goals, aspirations, commitments or strategies for the future, should be considered “forward - looking statements” under the Securities Act
Slide 3: Current Environment Evolving
CURRENT ENVIRONMENT EVOLVING March Quarter outlook impacted by increased macro uncertainty SOLIDLY PROFITABLE MARCH QUARTER REFLECTS DELTA’S DURABILITY 3 ▪ Consumer & corporate confidence ▪ Softer close - in demand ▪ Oil prices have declined $10 per barrel from peak levels in the quarter What has ch
Slide 4: Value Creation Framework
EPS growth: Average annual; Free Cash Flow: Annual VALUE CREATION FRAMEWORK Three - to - five - year financial targets deliver sustained value creation MARGIN EXPA N SION Note: Adjusted for special items; historical non - GAAP financial measures reconciled in Appendix DURABLE EARNINGS AND FREE CASH
Slide 5: Prioritizing Return on Invested Capital
D e lta 2024 L on g - T erm Target MARGIN EXPANS I O N DURABLE EARNINGS AND FREE CASH FLOW BALANCE SHEET STRENGTH PRIORITIZING RETURN ON INVESTED CAPITAL Delivering returns that are in the upper half of the S&P 500 I n dus t ry 2024 RETURN ON INVESTED CAPITAL 15% 13% DAL WACC 8% Note: Adjusted for s
Slide 6: Balanced Capital Allocation
BALANCED CAPITAL ALLOCATION $9 - 11B ANNUAL OPERATING CASH FLOW 50% SHAREHOLDER RETURNS Debt reduction, dividends, repurchases 50% REI N V E S T FOR GROWTH CONSISTENT, DISCIPLINED REINVESTMENT REDUCE FINANCIAL RISK THROUGH DEBT PAYDOWN STEADY DIVIDEND GROWTH INCREASE SHAREHOLDER RETURNS
Slide 7: Q&A
7 Q&A