Ryan Gerard Jake Moore Elizabeth Aburto Christopher Risden Kevin Donohue

1. Ryan Gerard Jake Moore Elizabeth Aburto Christopher Risden Kevin Donohue

2. Company Focus • Multinational Aerospace and Defense Corporation that Develops and Sells: • Commercial Jetliners • Military Aircraft • Satellites • Missiles • Launch Services

3. 2 Main Business Segments • 1) Commercial Airplanes • 60% of Boeing’s Revenues • Large international Influence • 2) Military Defense • 40% of Boeing’s Revenues • 60,000 Employees

4. Boeing Management • Jim McNerney • Chairman, President and Chief Executive Officer, The Boeing Company • Dennis Muilenburg • Executive Vice President, The Boeing Company • President and Chief Executive Officer, Boeing Defense, Space & Security • Raymond Conner • President and Chief Executive Officer, Commercial Airplanes • Executive Vice President, The Boeing Company

5. 2012 Fortune 500 Rankings

6. Boeing Company Subsidiaries Provide pilot training and flight services Provides engineering solutions and software for commercial aviation Supply Crew and fleet management solutions Aftermarket supplier of aerospace/defense products

7. Liquidity Ratios

8. Efficiency Ratios

9. Debt to Assets Debt Ratios Boeing relies on debt financing much more than its competitors, but it is more than capable of paying all of its debts and liabilities.

10. LT Capitalization Decreasing LT Capitalization ratio indicates no financial difficulties Demonstrates the strength of Boeing’s financing and ability to a less risky investment

11. Profitability Ratios

12. Profitability Ratios

13. Market Ratios

14. Market Ratios Looking Forward Long-Term stock price appreciation drivers EPS Growth Cash Flow Order Activity

15. Effective Income Tax Rate • In 2011 Boeing received a tax break of $397 million • In 2010 Boeing received a tax break of $371 million • As a result our Effective Income Tax Rate was slightly higher in 2012 at 34%

16. Future Tax Breaks • 2013 Boeing received $8.7 billion in tax breaks through the year 2040 • Largest state-tax subsidy deal for a private company in American History • Greg Leroy, a corporate welfare critic agreed that if you were to subsidize a company for the better of the economy, Boeing would be your best choice • He states, “Boeing jobs are great jobs, with a better than average ripple effect across the economy.”

17. Employee Benefits Health Insurance & Medical Coverage

18. Retirement Benefits Boeing Company “VIP” Voluntary Investment Plan

19. Noteworthy Values: Pensions

20. Boeing Core Earnings • Non-GAAP reporting • Clearer view of Ongoing Operating Activities • Excludes Unallocated Pension and Retirement Expenses • Core Operating Earnings, Core Operating Margin, Core Earnings Per Share

21. Core Operating Margin

22. Core Earnings Per Share Boeing’s Core EPS is 15% higher than GAPP Diluted EPS *Impact of unallocated pension and postretirement expense of $899 million **Impact of unallocated pension and postretirement expense of $517 million

23. Sequestration Issues • Government contracted companies will see major budget cuts between 2013-2021 • $1.1 trillion in spending cuts through 2021 • $454 billion being cut from government defense contracts • 2013 – 42.7 billion in defense cuts (7.7%)

24. Impact on Top Aerospace/Defense Companies • Lockheed Martin • 82% of revenues come from government contracts • Heavy reliance of Government spending • Last week announced 4% job cuts (4,000 jobs) • Boeing • 40% of revenues come from government contracts • 60% generated from commercial airplanes • Air travel has grown faster than GDP by 1.5%

25. Commercial Airplane Backlog • 2012 Plane Backlog • 4,400 airplanes worth 319$ billion • 7 years of production already SECURED under contract • Boeing Plane deliveries • 2011: 477 • 2012: 601 (26% increase)

26. Boeing: Leader of the Future • 787 Dreamliner • 1,012 orders since 2004 release • Fastest airplane to reach 1,000 orders • 60 customers world wide • 777X – November 2013 release • Largest release in commercial airplane history • 259 orders valued at $100 Billion

27. 2013 Dubai Airshow • USA Today – “Boeing clear winner at Dubai Airshow” • BBC News – “Boeing leads order books race” • Bloomberg – “Dubai Airshow makes big winner of Boeing”

28. Emerging Markets • 70 % of the Boeing Commercial Airplanes' sales are from non-U.S. customers • The Boeing supplier network includes approximately 28,000 suppliers and partners • The company employs more than 170,000 people across 70 countries • 777X orders - Emirates (150) Qatar Airways (50) Etihad Airways (25) totaling $100 Billion dollars last week

29. Asian Political Tensions Rising • China has set strict airspace rules • Resulting in increased air mileage for China and Japan • Cost of maintaining and servicing a warplane can exceed its initial purchase cost • Increase in Boeing's revenue stream for servicing the planes it's already sold.

30. Boeing: A Winning Investment • Boeing’s surplus of cash and cash equivalents • 3.3x more per year than Lockheed Martin over 2009-2012 • World leader in the commercial airline industry • 7 years of contractual revenues through order backlogs • Less risk over the next 7-8 years during government defense budget cuts