Investor Deck

1. © 2016 Rockwell Collins
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Insert pictures into these angled boxes. Height should be 3.44 inches.
3rd Quarter FY 2016
Conference Call
July 25, 2016

2. © 2016 Rockwell Collins
All rights reserved.
2
Safe Harbor Statement
This presentation contains statements, including certain projections and business trends, that are forward-looking statements as
defined in the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected as a result
of certain risks and uncertainties, including but not limited to the financial condition of our customers and suppliers, including
bankruptcies; the health of the global economy, including potential deterioration in economic and financial market conditions;
adjustments to the commercial OEM production rates and the aftermarket; the impacts of natural disasters and pandemics,
including operational disruption, potential supply shortages and other economic impacts; cybersecurity threats, including the
potential misappropriation of assets or sensitive information, corruption of data or operational disruption; delays related to the
award of domestic and international contracts; delays in customer programs, including new aircraft programs entering service later
than anticipated; the continued support for military transformation and modernization programs; potential impact of volatility in oil
prices, currency exchange rates or interest rates on the commercial aerospace industry or our business; the impact of terrorist
events on the commercial aerospace industry; declining defense budgets resulting from budget deficits in the U.S. and abroad;
changes in domestic and foreign government spending, budgetary, procurement and trade policies adverse to our businesses;
market acceptance of our new and existing technologies, products and services; reliability of and customer satisfaction with our
products and services; potential unavailability of our mission-critical data and voice communication networks; unfavorable
outcomes on or potential cancellation or restructuring of contracts, orders or program priorities by our customers; recruitment and
retention of qualified personnel; regulatory restrictions on air travel due to environmental concerns; effective negotiation of
collective bargaining agreements by us, our customers, and our suppliers; performance of our customers and subcontractors;
risks inherent in development and fixed-price contracts, particularly the risk of cost overruns; risk of significant reduction to air
travel or aircraft capacity beyond our forecasts; our ability to execute to internal performance plans such as restructuring activities,
productivity and quality improvements and cost reduction initiatives; achievement of ARINC integration and synergy plans as well
as our other acquisition and related integration plans; continuing to maintain our planned effective tax rates; our ability to develop
contract compliant systems and products on schedule and within anticipated cost estimates; risk of fines and penalties related to
noncompliance with laws and regulations including compliance requirements associated with U.S. Government work, export
control and environmental regulations; risk of asset impairments; our ability to win new business and convert those orders to sales
within the fiscal year in accordance with our annual operating plan; and the uncertainties of the outcome of lawsuits, claims and
legal proceedings, as well as other risks and uncertainties, including but not limited to those detailed herein and from time to time
in our Securities and Exchange Commission filings. These forward-looking statements are made only as of the date hereof.

3. © 2016 Rockwell Collins
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$1.33
$1.63
3Q FY15 3Q FY16
EPS from Continuing Operations
23% increase
$1,293 $1,334
3Q FY15 3Q FY16
Sales
3% increase
3
(in millions, except EPS amounts)
3rd Quarter FY 2016 Results
$178
$214
3Q FY15 3Q FY16
Income from Continuing
Operations, net of taxes
20% increase
133.6 131.5
3Q FY15 3Q FY16
Diluted Average Shares
Outstanding
2% decrease

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($ in millions)
Sales
$6 million OEM decrease: (2)%
• Lower business aircraft OEM production rates
• Lower product deliveries to a Chinese regional
aircraft manufacturer
• Lower Airbus A330 production rates
• Mostly offset by higher product deliveries in support
of Airbus A350 and Boeing 787 production ramps,
favorable customer timing for airline selectable
equipment, higher product deliveries for CSeries
and higher customer-funded development program
revenues
$11 million Aftermarket increase: 5%
• Higher simulation hardware deliveries
• Higher inorganic sales from the acquisition of
International Communications Group
• Higher flight deck retrofits
• Partially offset by lower spares provisioning and
lower cabin retrofits
Operating Earnings
Operating earnings and operating margin were about flat
with the prior year as benefits from cost savings initiatives
from previously announced restructuring plans were offset
by unfavorable sales mix as lower margin customer-
funded development sales increased and higher margin
business jet OEM sales decreased
Commercial Systems
23.0%23.1%
Operating
Margins
$611 $612
3Q FY15 3Q FY16
CS Sales
$141 $141
3Q FY15 3Q FY16
CS Operating Earnings

5. © 2016 Rockwell Collins
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$108 $115
3Q FY15 3Q FY16
GS Operating Earnings
6% increase
$530
$555
3Q FY15 3Q FY16
GS Sales
5% increase
5
20.4% 20.7%
($ in millions)
Government Systems
Sales
Sales increase $25 million: 5%
• Higher fixed-wing platform revenues
• Higher simulation and training sales
• Partially offset by lower rotary wing platform
deliveries, the wind-down of an international
electronic warfare program and lower
international targeting system deliveries
Sales by category:
• Avionics increase 11%
• Communication and navigation decrease (7)%
Operating Earnings
Operating earnings and operating margin increased
due to higher sales volume and cost savings initiatives
from previously announced restructuring plans, partially
offset by unfavorable development program
adjustments
Operating
Margins

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$23
$26
3Q FY15 3Q FY16
IMS Operating Earnings
13% increase
$152
$167
3Q FY15 3Q FY16
IMS Sales
10% increase
6
($ in millions)
Sales
Sales increase $15 million: 10%
• 9% growth in aviation-related sales
• 11% increase in non-aviation sales primarily
due to higher airport and rail program sales
Operating Earnings
Operating earnings and operating margin increased
due to incremental earnings on higher sales volume
Information Management Services
15.6%15.1%
Operating
Margins

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$341
$223
3Q FY15 YTD 3Q FY16 YTD
Operating Cash Flow from
Continuing Operations
35% decrease
$3.81 $3.92
3Q FY15 YTD 3Q FY16 YTD
EPS from Continuing Operations
3% increase
$510 $519
3Q FY15 YTD 3Q FY16 YTD
Income from Continuing
Operations, net of taxes
2% increase
7
(in millions, except EPS amounts)
Nine Month FY 2016 Results
(1)
(1) Includes a $28 million after-tax, or 21 cent earnings per share, restructuring charge primarily related to headcount actions the company has
taken as a result of certain challenging market conditions, particularly in business aviation.
$3,860 $3,814
3Q FY15 YTD 3Q FY16 YTD
Sales
1% decrease

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99 104
431
456
201 154
3Q FY15 YTD 3Q FY16 YTD
R & D Investment
Company Funded R&D
Customer Funded R&D
Increase in Pre-production Engineering, Net
8
$731 $714
($ in millions)
Research and Development
• Company funded R&D decreased due to lower
business jet development costs in Commercial
Systems and lower software-defined radio
program development costs in Government
Systems
• Customer funded R&D increased primarily due
to higher development costs in Commercial
Systems for international regional jet
programs, partially offset by the wind-down of
an international electronic warfare program in
Government Systems
• Increased investment in pre-production
engineering driven by higher costs incurred for
certain military transport programs in
Government Systems, the 737MAX and the
Global 7000/8000 program, partially offset by
lower spend on the CSeries program
18.9% 18.7%
% of
Sales

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9
09/30/15 06/30/16
Cash and cash equivalents 252$ 307$
Short-term Debt (448) (1,112)
Long-term Debt (1,680) (1,387)
Net Debt (1,876)$ (2,192)$
Equity 1,880$ 2,114$
Debt To Total Capital 53% 54%
Debt To EBITDA
(1)
1.7x 2.0x
($ in millions)
Capital Structure Status
(1) See slide 12 for non-GAAP disclosures.

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10
(shares in millions)
Status of Share Repurchases
0.7 million shares repurchased in fiscal year
2016 third quarter
• Cost of purchases - $67 Million
• Average cost per share - $90.71
$125 million authorization remaining at the
end of the third quarter
131.7 129.9
3Q FY15 3Q FY16
Common Shares Outstanding

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11
Total Sales
About $5.3 Bil.
(From $5.3 Bil. to $5.4 Bil.)
Total Segment Operating Margins About 21.0%
Earnings Per Share
$5.50 to $5.55
(From $5.45 to $5.65)
Cash Flow from Operations
About $750 Mil.
(From $750 Mil. To $850 Mil.)
Research & Development Investment About $1 Bil.
Capital Expenditures About $200 Mil.
FY 2016 Guidance

12. © 2016 Rockwell Collins
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12
The Non-GAAP ratio of debt to EBITDA information included on slide nine is believed to be useful to
investors’ understanding and assessment of the Company’s total capital structure and liquidity. The
Company does not intend for the information to be considered in isolation or as a substitute for the
related GAAP measures. The table below explains the debt to EBITDA calculation in more detail for the
twelve-month period from October 1, 2014 through September 30, 2015 and the twelve-month period
from July 1, 2015 through June 30, 2016 (unaudited, in millions). All businesses reported as discontinued
operations have been excluded from the debt to EBITDA calculation.
Non-GAAP Financial Information
12 months ended
9/30/15 6/30/16
Income from continuing operations before income taxes $ 962 $ 905
Interest expense 61 64
Depreciation 152 145
Amortization of intangible assets and pre-production engineering
costs 100 108
Earnings before interest, taxes, depreciation and amortization
(EBITDA)
$ 1,275 $ 1,222
9/30/15 6/30/16
Total debt $ 2,128 $ 2,499
Debt to EBITDA 1.7x 2.0x

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