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2016 analyst presentation final nbaa template
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- 2. Certain statements intoday’s discussion will be forward-looking statements, including those that discuss strategies, goals, outlook or other non-historical matters; or project revenues, income, returns or other financial measures. These forward-looking statements speak only as of the date on which they are made, and we undertake no obligation to update or revise any forward-looking statements. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those contained in the statements, including the risks and uncertainties set forth under our full disclosure located at the end of this presentation and included in our SEC filings. Forward-looking statement TEXTRON AVIATION 2
- 3. • Overview • Accomplishments •Market • Product Update • Defense • Operations Agenda TEXTRON AVIATION 3
- 4. Broadest product lineupin the industry TEXTRON AVIATION JETS TURBOPROPS PISTONS DEFENSE King Air 350i/ER King Air 250 King Air C90GTx Baron G58 Bonanza G36 AT-6 T-6C Citation X+ Citation CJ4 Citation XLS+ Citation M2 Citation CJ3+ Caravan Grand Caravan EX TTx Turbo Stationair HD Skyhawk Citation Sovereign+ Citation Latitude Citation Mustang Skylane Scorpion Citation Longitude Citation Hemisphere 4 Denali
- 5. Fastest product developmentin the industry TEXTRON AVIATION Textron Aviation Other OEMs Average Development TimeFaster product development • Quicker response to market conditions • Products to customers on time, as expected • Technology customers value • Maximize return Source: Estimated time from program start to EIS. 5 Best in class products in half the time
- 6. Largest installed basein the industry TEXTRON AVIATION Delivered 250,000+ aircraft in 170+ countries 6
- 7. Most comprehensive servicenetwork in the industry TEXTRON AVIATION 3,300 19 382 60 Service network employees Company-owned service centers Authorized service facilities 7 Mobile Service Units
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- 9. • Citation Longitudefirst flight • Citation Latitude strong deliveries • Cessna Denali introduced • Delivered 5000th Citation Light Jet • Delivered 7000th Citation • Scorpion-CRADA / Weapons test • Vertical integration 2016 accomplishments TEXTRON AVIATION 9
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- 11. $0.0 $0.5 $1.0 $1.5 $2.0 $2.5 2011 2013 20152017 2019 2021 2023 2025 Value(in2016USD)Billions Turboprops Multi-Engine Single Engine Utility Actual Forecast Investment focus – expanding our reach MARKET $0 $5 $10 $15 $20 $25 $30 2011 2013 2015 2017 2019 2021 2023 2025 Value(in2016USD)Billions Jets Ultra Long Range Large Midsize Light Actual Forecast Source: Blend of internal, JetNetIQ, Honeywell forecast Area of focus Area of focus Investing in Longitude & Hemisphere Investing in Denali for midsize and large jets for single engine turboprops $9.5B+ 2021 Segment Size $700M+ 2021 Segment Size Investing in new segments 11
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- 13. Expanding our reach PRODUCTUPDATE 2,700 nm Citation Latitude EIS 2015 3,500 nm Citation Longitude First Flight Complete Estimated EIS 2017 4,500 nm Citation Hemisphere FIRST FLIGHT 2019 13
- 14. Citation Latitude success PRODUCTUPDATE 40+ aircraft delivered Over 9,000 fleet hours 14
- 15. NetJets PRODUCT UPDATE • Currentlyoperates over 225 Citations • 7000th Citation delivered to NetJets • Potential for 200 aircraft • 2016 NetJets OEM supplier of the year 15 7000th Citation delivery ceremony
- 16. Citation Longitude firstflight PRODUCT UPDATE 16
- 17. Rapid product development CITATIONLONGITUDE Summer 2014 Summer 2016 Optimizing facility footprint 17
- 18. Best in class CITATIONLONGITUDE Citation Longitude Gulfstream 280 Challenger 350 Legacy 500 Range ≥ 3500 nm Maximum Operating Speed ≥ M0.84 Full Fuel Payload ≥ 1600 lbs Total DOC < $2000/hr Quietest cabin in class EVS & HUD 18
- 19. Citation Hemisphere Product Update 4,500nm Max Range 102 in. Diameter Best in class Ownership Cost First flight 2019 19
- 20. Best in class CITATIONHEMISPHERE Citation Hemisphere Legacy 650 Challenger 650 Gulfstream 450 Falcon 2000LXS Range ≥ 4500 nm Maximum Operating Speed ≥ M0.90 3-Zone Cabin Fuselage Diameter ≥ 102 inches 20
- 21. Outperforming the competition CESSNADENALI Full Fuel Payload 1,100 lbs High Speed Cruise 285 kts Range 1,600 nm 21
- 22. Best in class CESSNADENALI Cessna Denali Pilatus PC-12 Daher TBM 930 Piper M600 Range ≥ 1600 nm High Speed Cruise ≥ 285 kts Full Fuel Payload ≥ 1100 lb Total DOC < $615/hr Cabin Width > 60 inches 22NOTE: Range with 4 pax at High Speed Cruise
- 23. Wheels Up PRODUCT UPDATE •54 King Air 350i’s in fleet • 3550+ memberships sold since inception (Fall 2013) • Over 50% increase y/y in new memberships sold through September 23
- 24. Defense and SpecialMissions
- 25. Scorpion program update DEFENSE& SPECIAL MISSIONS • Scorpion (D1) 750+ hours to date • Successful live fire test • Pursuing numerous domestic and international sales opportunities • CRADA agreement signed – “Non-DOD Military Aircraft Airworthiness Accreditation” program – Process underway 25 Scorpion-versatile, capable & cost effective
- 26. Special Missions DEFENSE &SPECIAL MISSIONS • Single-engine & multi-engine turboprop aircraft are favored platforms – Cost-effective solutions • ISR missions are the largest opportunity for Textron Aviation special missions – 40% of SM aircraft are ISR configurations – Border and maritime patrol – Counterterrorism – Economic exclusionary zones 26
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- 28. Vertical integration inmanufacturing Operations 28 Assembly Fabrication Composites Interiors
- 29. Summary TEXTRON AVIATION • Newproducts drive growth • Investing in our products, service and people • Best-in-class product development capability • World-class manufacturing 29
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