Boeing Company (the) · NYSE:BA
Boeing Company (the) — Q1 2024 Earnings Presentation
11 slides from Boeing Company (the)'s earnings presentation, Apr 24, 2024
Slide 1: First-Quarter 2024 Performance Review
FIRST-QUARTER 2024 PERFORMANCE REVIEW David Calhoun President and Chief Executive Officer Brian West Executive Vice President and Chief Financial Officer April 24, 2024 Copyright © 2024 Boeing. All rights reserved.
Slide 2: Forward-Looking Statements
FORWARD-LOOKING STATEMENTS 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,” “targets,” “anticipates,” and similar expressi
Slide 3: Business Update
BUSINESS UPDATE Focused on safety and quality Copyright © 2024 Boeing. All rights reserved.
Slide 4: First-Quarter Financial Results
FIRST-QUARTER FINANCIAL RESULTS First Quarter 2024 2023 Revenue $16.6B $17.9B Core Operating Margin* (2.3)% (2.5)% Core Loss Per Share* ($1.13) ($1.27) Free Cash Flow* ($3.9B) ($0.8B) * Non-GAAP measure. See slides 10 & 11 additional information on non-GAAP measures. Results primarily reflect lower
Slide 5: Commercial Airplanes
COMMERCIAL AIRPLANES Revenues and Operating Margins ▪ Undertaking comprehensive actions to strengthen quality and safety Revenue (billions) ▪ Secured 125 net orders, including 85 737-10 for American Airlines and 28 777X airplanes ▪ Delivered 83 airplanes ▪ Backlog of $448B; over 5,600 airplanes Op M
Slide 6: Defense, Space & Security
DEFENSE, SPACE & SECURITY Revenues and Operating Margins ▪ Awarded 17 P-8 aircraft for Canada and Germany Revenue (billions) ▪ Secured final contract from the U.S. Navy for 17 F/A-18 production aircraft ▪ Awarded MQ-25 cost-type contract modification from the U.S. Navy, including two additional test
Slide 7: Global Services
GLOBAL SERVICES Revenues and Operating Margins ▪ Opened a Jacksonville, Florida maintenance facility, supporting military customers Revenue (billions) ▪ U.S. Navy exercised options on a P-8A sustainment modification contract ▪ Orders valued at $5B; backlog of $20B Op Margin: 17.9 % 18.2 % Continued
Slide 8: Cash and Debt Balances
CASH AND DEBT BALANCES Cash and Marketable Securities Consolidated Debt S&P: BBB- Billions Billions Moody’s: Baa2 Fitch: BBB- Retired $4.4B of maturing debt during the quarter Copyright © 2024 Boeing. All rights reserved.
Slide 9: Copyright © 2024 Boeing. All rights reserved.
Copyright © 2024 Boeing. All rights reserved.
Slide 10: Non-GAAP Measure Disclosure
NON-GAAP MEASURE DISCLOSURE The tables provided below reconcile the non-GAAP financial measures Core operating loss, Core operating margin, and Core loss per share with the most directly comparable GAAP financial measures of Loss from operations, operating margin, and diluted loss per share. See pag
Slide 11: Non-GAAP Measure Disclosure
NON-GAAP MEASURE DISCLOSURE The table provided below reconciles the non-GAAP financial measure free cash flow with the most directly comparable GAAP financial measure operating cash flow. See page 5 of the company’s earnings press release dated April 24, 2024 for additional information on the use of