analyst briefing heli-expo 2018 · are forward-looking statements, including those that discuss...
TRANSCRIPT
ANALYST BRIEFING HELI-EXPO 2018
MITCH SNYDER | PRESIDENT AND CEO
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Forward-Looking Information
Certain statements in this briefing and other oral and written statements made by Bell Helicopter 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.
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XX% XX% XX%
Textron Branded Businesses
2017 Revenue: $14.2 Billion
Textron AviationCessna | Beechcraft
Hawker
Bell Helicopter IndustrialSpecialized Vehicles
Kautex
Tools & Test
Textron SystemsUnmanned Systems
Marine & Land Systems
TRU Simulation + Training
FinanceTextron Financial
33%
23%
30%
13%
1%
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Bell 2017 Financial Overview
37%Commercial
63%USG
2017 Revenue: $3.3 Billion4
Commercial Business
22 V-22s
14 UH-1Ys 24 AH-1Zs
5
Deliveries
Order Trends
Market Overview
0
200
400
600
800
1000
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027
Ro
torc
raft
Ind
ust
ry D
eliv
erie
s
Source: Ascend FlightGlobal (historical data), Bell forecast (bars), TEAL Group (red line), and Forecast International (purple line).
INDUSTRY IS GRADUALLY RECOVERING … LIGHT SEGMENTS EXPECTED TO RECOVER FASTER
2011-2016 Avg = 839
2011-2027 TURBINE ROTORCRAFT DELIVERIESABH, LEONARDO, BELL, SIKORSKY, ENST, MD, ROB
89xR-66
169xR-66
199xR-66
77xAW139
89xAW139
111xAW139
26xS-92
33xS-92
39xS-92
57xR-66
58xAW139
8xS-92
82%
SLS
LLS
LT
INT
MT
SMT
HVYTEAL GroupForecastInternational
BellForecast
(bars)
Industry Demand Outlook
505
22 V-22s
14 UH-1Ys 24 AH-1Zs
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First Delivery
Ramping Product
Short Light Single Segment Deliveries (2018-2027)
2,100+ units0
50
100
150
200
250
300
2018 2019 2020 2021 2022 2023 2024 2025 2026 2027
Sho
rt L
igh
t Si
ngl
e In
du
stry
De
live
rie
s
TEALGroup
ForecastInternational (FI)
BellFcst
Source: Bell forecast, TEAL Group, and Forecast International.
525
22 V-22s
14 UH-1Ys 24 AH-1Zs
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Super Medium Twin Segment Deliveries (2018-2027)
500+ units0
25
50
75
100
Bel
l
TEA
L FI
Bel
l
TEA
L FI
Bel
l
TEA
L FI
Bel
l
TEA
L FI
Bel
l
TEA
L FI
Bel
l
TEA
L FI
Bel
l
TEA
L FI
Bel
l
TEA
L FI
Bel
l
TEA
L FI
Bel
l
TEA
L FI
Sup
er
Me
diu
m A
nd
He
avy
Twin
Ind
ust
ry
De
live
rie
s
SMT HVYSource: Bell forecast, TEAL Group, and Forecast International.
Return to Flight
Military Programs
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2017 Deliveries
2018 Outlook
Multi-Year III Update
H-1 Opportunities
V-280
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FVL Program
First Flight
Next Steps
Executive Leadership Team
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Al VetereCFO
Michael ThackerTechnology and Innovation
Susan GriffinCommercial Business
Vince TobinMilitary Business
Gunnar Kleveland
Integrated Operations
Jeffrey SchloesserStrategic Pursuits
Felipe GumucioCLO, Business Ventures
Allison MullisHuman Resources
Bob HastingsStrategic Communications
Driving Innovation
Assisted and Autonomous Flight
Unmanned Aircraft Systems
Vehicle Health Management
Advanced VTOL Designs
Hybrid Propulsion
Advanced Manufacturing
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ABOVE AND BEYOND FLIGHT