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Q2 2018 Earnings Call Presentation
July 18, 2018
The data in this package should be read in conjunction with the Textron earnings release and accompanying tables.
Textron Inc. Q2 2018 Earnings Call Presentation; July 18, 2018
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 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
"Forward-Looking Information" in our second quarter 2018 earnings
release. 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.
Forward-Looking Information
2
Textron Inc. Q2 2018 Earnings Call Presentation; July 18, 2018
Key Data – Q2 2018
3
Q2 2018 Q2 2017
Revenues $3.7B $3.6B
Segment Profit $346M $295M
EPS from Continuing Operations $0.87 $0.57
Adjusted EPS from Continuing
Operations*
$0.87 $0.60
Manufacturing Cash Flow
Before Pension Contributions*
$399M $341M
Pension Contributions $12M $13M
*Adjusted EPS from continuing operations and Manufacturing cash flow before pension contributions are non-GAAP
measures that are defined and reconciled to GAAP in our earnings release.
Textron Inc. Q2 2018 Earnings Call Presentation; July 18, 2018
Q2 2018 Revenue Growth
4
Revenue
Growth
Organic
Growth
FX Impact
Un(Fav)
Organic
Growth
Before FX
Textron Aviation 9.0% 9.0% - 9.0%
Bell 0.7% 0.7% - 0.7%
Textron Systems (20.3%) (20.3%) - (20.3%)
Industrial 9.8% 9.8% (2.4%) 7.4%
Manufacturing 3.4% 3.4% (0.7%) 2.7%
Finance (5.6%) (5.6%) - (5.6%)
Total Segments 3.4% 3.4% (0.8%) 2.6%
Organic Growth includes revenue changes resulting from volume, price, and foreign exchange. For our segments that contract with the U.S.
Government, volume represents changes in revenue related to these contracts. Revenues associated with these contracts in 2018 are primarily
recognized as costs are incurred while revenues for 2017 were primarily recognized as units were delivered.
Textron Inc. Q2 2018 Earnings Call Presentation; July 18, 2018
Finance Segment Key Statistics
5
Q2 2018 Q1 2018
60+ Delinquency $52M $31M
Non-accrual $54M $56M
Finance Receivables $792M $810M
Shareholders’ Equity $184M $179M
Textron Inc. Q2 2018 Earnings Call Presentation; July 18, 2018
Updated Outlook – Full Year 2018
6
EPS from Continuing Operations $3.15 - $3.35
Manufacturing Cash Flow
Before Pension Contributions*
$750M - $850M
* Manufacturing cash flow before pension contributions is a non-GAAP measure that is defined and reconciled to GAAP in our earnings
release.
Q2 2018 Textron Inc. Earnings Conference Call

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Q2 2018 Textron Inc. Earnings Conference Call

  • 1. Q2 2018 Earnings Call Presentation July 18, 2018 The data in this package should be read in conjunction with the Textron earnings release and accompanying tables.
  • 2. Textron Inc. Q2 2018 Earnings Call Presentation; July 18, 2018 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 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 "Forward-Looking Information" in our second quarter 2018 earnings release. 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. Forward-Looking Information 2
  • 3. Textron Inc. Q2 2018 Earnings Call Presentation; July 18, 2018 Key Data – Q2 2018 3 Q2 2018 Q2 2017 Revenues $3.7B $3.6B Segment Profit $346M $295M EPS from Continuing Operations $0.87 $0.57 Adjusted EPS from Continuing Operations* $0.87 $0.60 Manufacturing Cash Flow Before Pension Contributions* $399M $341M Pension Contributions $12M $13M *Adjusted EPS from continuing operations and Manufacturing cash flow before pension contributions are non-GAAP measures that are defined and reconciled to GAAP in our earnings release.
  • 4. Textron Inc. Q2 2018 Earnings Call Presentation; July 18, 2018 Q2 2018 Revenue Growth 4 Revenue Growth Organic Growth FX Impact Un(Fav) Organic Growth Before FX Textron Aviation 9.0% 9.0% - 9.0% Bell 0.7% 0.7% - 0.7% Textron Systems (20.3%) (20.3%) - (20.3%) Industrial 9.8% 9.8% (2.4%) 7.4% Manufacturing 3.4% 3.4% (0.7%) 2.7% Finance (5.6%) (5.6%) - (5.6%) Total Segments 3.4% 3.4% (0.8%) 2.6% Organic Growth includes revenue changes resulting from volume, price, and foreign exchange. For our segments that contract with the U.S. Government, volume represents changes in revenue related to these contracts. Revenues associated with these contracts in 2018 are primarily recognized as costs are incurred while revenues for 2017 were primarily recognized as units were delivered.
  • 5. Textron Inc. Q2 2018 Earnings Call Presentation; July 18, 2018 Finance Segment Key Statistics 5 Q2 2018 Q1 2018 60+ Delinquency $52M $31M Non-accrual $54M $56M Finance Receivables $792M $810M Shareholders’ Equity $184M $179M
  • 6. Textron Inc. Q2 2018 Earnings Call Presentation; July 18, 2018 Updated Outlook – Full Year 2018 6 EPS from Continuing Operations $3.15 - $3.35 Manufacturing Cash Flow Before Pension Contributions* $750M - $850M * Manufacturing cash flow before pension contributions is a non-GAAP measure that is defined and reconciled to GAAP in our earnings release.