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Copyright © 2014 Boeing. All rights reserved.
May 2014 Investor Conference
Boeing Commercial
Airplanes
Ray Conner President and Chief Executive Officer Boeing Vice Chairman May 21, 2014
Copyright © 2014 Boeing. All rights reserved.
May 2014 | Investor Conference
Boeing Commercial Airplanes
Strong operating performance
Record backlog
Executing planned rate increases
Disciplined development program management
Enhanced services offering
Executing on commitments and enabling growth
Deliveries 715 - 725
Revenue $57.5B – 59.5B
Margins ~ 10%
1Q14 | 1Q13 Delta
2014 Guidance
Revenue $12.7B 19%
Earnings $1.5B 23%
Margins 11.8% 0.4 Pts
Deliveries 161 18%
2
Copyright © 2014 Boeing. All rights reserved.
May 2014 | Investor Conference
First Quarter Highlights Video
3
Copyright © 2014 Boeing. All rights reserved.
May 2014 | Investor Conference
Strong passenger growth; improving cargo market
Continued maintenance and engineering outsourcing
Stable fuel pricing
Adequate financing and liquidity
Strategic airline partnerships continue to evolve
Airlines on track for record profitability
Airline Industry Net Profitability
Source ICAO/ IATA
Airline Business Environment
Net Profit (Loss) Billions Percent of Revenue
4
Copyright © 2014 Boeing. All rights reserved.
May 2014 | Investor Conference
Single-Aisle
$2.3T
Services
$2.5T Twin-Aisle
$2.5T 35,280
airplanes
Total Market Value
~$7.3 trillion
2013–2032
Near-term customer decisions will define future market leadership
Airplane & Services Market Opportunity
20 Year Market Outlook
5
Copyright © 2014 Boeing. All rights reserved.
May 2014 | Investor Conference
$374B | 5,154 Units
256
295 319
374
374
Substantial and balanced backlog
Backlog
Model
Single- Aisle 46%
Twin- Aisle 52%
747
737
767
787
777 Large 2%
Region L.
America & Africa
Asia Pacific
Leasing, Gov't & BBJ
North America
ME, Central
& S. Asia
China, East &
SE Asia
Europe &
Russia
6
Copyright © 2014 Boeing. All rights reserved.
May 2014 | Investor Conference
Differentiated products and services
Aligned and disciplined airplane
development
Lean and responsive production system
Strengthen single-aisle market position
Expand twin-aisle market leadership
Enable and integrate services growth
Capturing market share while growing profitably
BCA Strategy
7
Copyright © 2014 Boeing. All rights reserved.
May 2014 | Investor Conference
3-class seating BOEING
747-8
MAX 9
MAX 8
MAX 7
787-9
787-8
787-10
777-8X
777-9X
777-300ER
AIRBUS
Product Line-Up
8
Copyright © 2014 Boeing. All rights reserved.
May 2014 | Investor Conference
462 477
601
737 Program (42 per month)
55% reduced factory flow time
49% “cost of quality” reduction
63% floor space reduction
777 Program (8.3 per month)
27% reduced factory flow time
10% “cost of quality” reduction
20% floor space reduction
Increasing productivity while meeting planned production rates
Productivity
9
787 Program (10 per month)
25% reduced total flow time
Parts shortages at record low levels
15% improvement in 787-8 unit cost
Copyright © 2014 Boeing. All rights reserved.
May 2014 | Investor Conference
Production system stabilizing at
10/month
Charleston on schedule to
transition to 3/month
Positive in-service reliability trend
Delivering to 18 new customers
this year
First 787-9 delivering mid-year
Delivery guidance remains unchanged
787 Program Update
10
Copyright © 2014 Boeing. All rights reserved.
May 2014 | Investor Conference
Provide 24/7 global support and entry-into-service for new products
Increase parts portfolio and broaden distribution
Enhance maintenance and engineering capabilities
Drive integrated information solutions
Meet global demand for training
Leverage One Boeing productivity opportunities
Providing world-class support and expanding services market share
Services Strategy
11
Copyright © 2014 Boeing. All rights reserved.
May 2014 | Investor Conference
Deliver on development program commitments
Execute rate and stabilize
Drive affordability and profitability
Grow services
Delivering on our commitments and securing our future
Imperatives
12
Copyright © 2014 Boeing. All rights reserved.
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