Copyright © 2016 Boeing. All rights reserved.
May 2016 Investor Conference
1
Dennis MuilenburgChairman, President and Chief Executive Officer
May 11, 2016
CEO Perspective
Copyright © 2016 Boeing. All rights reserved.
May 2016 | Investor Conference
A company and history like no other
A century of innovation and human achievement
2
Copyright © 2016 Boeing. All rights reserved.
May 2016 | Investor Conference
Boeing at 100 years…
Decade of restoration and renewal
Stronger and healthier
Heightened expectations, drive competitiveness
Build strength on strength, sharpen and accelerate
Performance & Productivity
Best Team & Talent
Innovation & Growth
Win with integrity
Great opportunities
Well positioned for 2nd century with right products, strategy, people
*
* Non-GAAP measures. Reconciliations and additional information regarding non-GAAP measures are provided on slide 12.
3
Copyright © 2016 Boeing. All rights reserved.
May 2016 | Investor Conference
100 years and beyond…
One Boeing, superior customer value
Strong financial performance
Consistent top-quartile shareholder returns
Leading innovation, fueled by productivity
Global scale and depth
Reliable services & support
Best team: culture, values, excellence
Our goal: The aerospace leader and enduring global industrial champion
Sustained growth, productivity requires top-tier performance in all areas
4
Copyright © 2016 Boeing. All rights reserved.
May 2016 | Investor Conference
Boeing…the next five years
De-risked the business; focused on growth, productivity, cash generation and deployment
Robust
Backlog
Product &
Service Strategy
Productivity
Framework
Cash
Focused
Consistent
Revenue Growth
Accelerate Innovation
& Shape the Future
Operating Margin
Break-Through
Consistent Cash
Generation Growth
2016 – 2020 (Execution)2011 – 2015 (Foundation)
5
Copyright © 2016 Boeing. All rights reserved.
May 2016 | Investor Conference
Build strength on strength…
Build on our strengths, improve them where needed
Strategic Imperatives
Deliver BCA growth, continuity on significantly larger scale
Speed BDS repositioning, extend existing platforms
Expand our international advantage
Leverage and grow Services
Drive innovation through focused enterprise R&D
Aggressively manage financial strength
Empower and deploy new generation of leaders
Leadership Foundation
Reinforce the fundamentals…
Functional excellence
Disciplined innovation
World-class execution
6
Copyright © 2016 Boeing. All rights reserved.
May 2016 | Investor Conference
Sharpen strategies, accelerate pace…
Innovation and Growth Best Team and TalentLeading customer-centric product,
service & operational innovation Unleashing the full potential of
One Boeing and our people
Performance and ProductivityWorld-class develop, produce,
support; profitability to win
Organizational Simplicity
Speed to Market
World-class Safety
Employee Engagement
Aspirational Financial Targets
Step-Function Productivity
Disciplined Cash Management
Enterprise Architecture
Design / Manufacturing Advantage
Expand Globally
Scale Aerospace Services
Leverage Data Analytics
Sharpening and accelerating to deliver top-quartile business results
7
Copyright © 2016 Boeing. All rights reserved.
May 2016 | Investor Conference
Growth & Performance Enablers…
Sharpen our execution, accelerate our pace to drive results
2nd Century Design & Manufacturing
Partnering for Success
Services Growth
One Boeing
Lean+ / Capturing Value of Quality
Development Excellence
Internal Optimization
Innovation
Data Analytics
Global Depth & Scale
8
Copyright © 2016 Boeing. All rights reserved.
May 2016 | Investor Conference
Boeing Leadership
Aligned the organizational structure to drive results
Timothy KeatingSenior Vice President, Government Operations
Scott FancherSenior Vice President, Program Management, Integration & Development Programs
Tom DowneySenior Vice President,Communications
Ray ConnerVice Chairman,
President and CEO,
Commercial Airplanes
Michael LuttigExecutive Vice President, General Counsel
Greg SmithChief Financial Officer Executive Vice President, Corporate Development & Strategy
Diana SandsSenior Vice President, Office of Internal Governance and Administration
Marc AllenSenior Vice President, President, Boeing International
Greg HyslopSenior Vice President, Engineering, Test & Technology
Heidi CapozziSenior Vice President,
Human Resources
Leanne CaretExecutive Vice
President, President
and CEO, Defense,
Space & Security
Ted ColbertSenior Vice President, Information & Analytics and Chief Information Officer
Pat ShanahanSenior Vice President, Supply Chain & Operations
John TracyChief Technology Officer
9
Copyright © 2016 Boeing. All rights reserved.
May 2016 | Investor Conference
Boeing of the Future:
The aerospace leader and enduring global industrial champion
Globally differentiated through depth and scale
Leadership in commercial, defense and services
Decade of sustained top- and bottom-line growth
Leader in innovation, development and
manufacturing excellence
Best team and talent across industry;
top corporate citizen
10
Copyright © 2016 Boeing. All rights reserved.
Copyright © 2016 Boeing. All rights reserved.
May 2016 | Investor Conference
12
2015 2004
GAAP Diluted Earnings Per Share $7.44 $2.30
0.28 0.21
$7.72 $2.51
(298) (258)
Weighted average diluted shares (millions) 696.1 813.0
1 Earnings per share impact is presented net of the federal statutory tax rate of 35.0 percent.
Unallocated Pension/Postretirement Expense1
Core Earnings Per Share (Non-GAAP)
Unallocated Pension/Postretirement Expense
12 months ended December 31,
The tables provided below reconcile core earnings per share with the most directly comparable GAAP financial measure. See page 6 of
the company's press release dated April 27, 2016 for additional information on the use of core earnings per share as a non-GAAP financial
measure. Management uses core earnings per share for the purpose of evaluating underlying business performance. Management
believes that these items also help investors assess overall trends in our operational performance and provide additional context for year
over year financial results.
The Boeing Company and Subsidiaries
Reconciliation of Non-GAAP Measures
Core Earnings Per Share
(Unaudited)