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Q1 2015 Earnings Call Presentation
April 28, 2015
The data in this package should be read in conjunction with the Textron earnings release and accompanying tables.
Textron Inc. Q1 2015 Earnings Call Presentation; April 28, 2015
Forward-Looking Information
Certain statements in this package and other oral and written
statements made by Textron from time to time are forward-looking
statements, including those that discuss strategies, goals, outlook or
other non-historical matters; or project revenues, income, returns orother 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 maylooking 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
"Forward-Looking Information" in our first quarter 2015 earnings
l Additi l i f ti i k d t i ti th trelease. Additional information on risks and uncertainties that may
impact forward-looking statements is discussed under "Risk Factors" in
our most recent Annual Report on Form 10-K and our Quarterly Reports
on Form 10-Q.
Textron Inc. Q1 2015 Earnings Call Presentation; April 28, 2015
2
Key Data - First Quarter, 2015
Q1 2015 Q1 2014
R $3 1B $2 8BRevenues $3.1B $2.8B
Segment Profit $259M $219M
EPS from Continuing
Operations
$0.46 $0.31
Manufacturing Cash Flow
Before Pension
Contributions*
($125M) ($111M)
Pension Contributions $20M $17M
* Manufacturing cash flow before pension contributions is a non-GAAP measure that is defined
and reconciled to GAAP in our earnings release
Textron Inc. Q1 2015 Earnings Call Presentation; April 28, 2015
3
and reconciled to GAAP in our earnings release.
Q1 2015 Sales Growth
Sales
Growth
M&A
Impact
Core
Sales
Growth
FX
Impact
Unfav./
( )
Organic
Growth
Before
Growth
(Fav.) FX
Textron Aviation 33.9% (27.9%) 6.0% - 6.0%
B ll (6 9%) (6 9%) (6 9%)Bell (6.9%) - (6.9%) - (6.9%)
Textron Systems (13.2%) (0.3%) (13.5%) - (13.5%)
Industrial 9.4% (5.1%) 4.3% 7.7% 12.0%
Manufacturing 8.3% (9.3%) (1.0%) 2.2% 1.2%
Finance (24.1%) - (24.1%) - (21.4%)
Total Segments 7.9% (9.1%) (1.2%) 2.1% 0.9%
Textron Inc. Q1 2015 Earnings Call Presentation; April 28, 2015
4
Finance Segment Credit Statistics
($, millions)
Q1 2015 Q4 2014
($, millions)
60+ Delinquency $83 $57
Non-accrual $92 $81
Finance Receivables $1,221 $1,254
Shareholder’s Equity $228 $224
Textron Inc. Q1 2015 Earnings Call Presentation; April 28, 2015
5

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Q115 earnings presentation

  • 1. Q1 2015 Earnings Call Presentation April 28, 2015 The data in this package should be read in conjunction with the Textron earnings release and accompanying tables. Textron Inc. Q1 2015 Earnings Call Presentation; April 28, 2015
  • 2. Forward-Looking Information Certain statements in this package and other oral and written statements made by Textron from time to time are forward-looking statements, including those that discuss strategies, goals, outlook or other non-historical matters; or project revenues, income, returns orother 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 maylooking 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 "Forward-Looking Information" in our first quarter 2015 earnings l Additi l i f ti i k d t i ti th trelease. Additional information on risks and uncertainties that may impact forward-looking statements is discussed under "Risk Factors" in our most recent Annual Report on Form 10-K and our Quarterly Reports on Form 10-Q. Textron Inc. Q1 2015 Earnings Call Presentation; April 28, 2015 2
  • 3. Key Data - First Quarter, 2015 Q1 2015 Q1 2014 R $3 1B $2 8BRevenues $3.1B $2.8B Segment Profit $259M $219M EPS from Continuing Operations $0.46 $0.31 Manufacturing Cash Flow Before Pension Contributions* ($125M) ($111M) Pension Contributions $20M $17M * Manufacturing cash flow before pension contributions is a non-GAAP measure that is defined and reconciled to GAAP in our earnings release Textron Inc. Q1 2015 Earnings Call Presentation; April 28, 2015 3 and reconciled to GAAP in our earnings release.
  • 4. Q1 2015 Sales Growth Sales Growth M&A Impact Core Sales Growth FX Impact Unfav./ ( ) Organic Growth Before Growth (Fav.) FX Textron Aviation 33.9% (27.9%) 6.0% - 6.0% B ll (6 9%) (6 9%) (6 9%)Bell (6.9%) - (6.9%) - (6.9%) Textron Systems (13.2%) (0.3%) (13.5%) - (13.5%) Industrial 9.4% (5.1%) 4.3% 7.7% 12.0% Manufacturing 8.3% (9.3%) (1.0%) 2.2% 1.2% Finance (24.1%) - (24.1%) - (21.4%) Total Segments 7.9% (9.1%) (1.2%) 2.1% 0.9% Textron Inc. Q1 2015 Earnings Call Presentation; April 28, 2015 4
  • 5. Finance Segment Credit Statistics ($, millions) Q1 2015 Q4 2014 ($, millions) 60+ Delinquency $83 $57 Non-accrual $92 $81 Finance Receivables $1,221 $1,254 Shareholder’s Equity $228 $224 Textron Inc. Q1 2015 Earnings Call Presentation; April 28, 2015 5