Boeing Commercial Airplanes

May 2016 Investor Conference

Ray Conner Vice Chairman, The Boeing Company President and CEO, Boeing Commercial Airplanes

May 11, 2016

7%7% Airline Business Environment 6%6% 5%5%

4%4% . Global economic growth rate below average 3%3% 2%2%

1%1%

. Passenger market resilient, growing 0%0% Jan-14Jan-14 JunJun-14-14 DecDec-14-14 AprApr-15-15 OctOct-15-15 Available Seat Kilometers (capacity) Revenue Passenger Kilometers (traffic) . Cargo market slowly recovering, challenging Sources: IATA Carrier Tracker (industry international scheduled freight) and A4A US domestic cargo traffic

. Load factors and utilization at historic highs 7000

6000 . Volatile fuel prices, strong U.S. dollar 5000 4000

Units 3000 . Adequate financing and liquidity 2000 1000 30% 6% 3% 1% 9% 4% 1% 1% 0 . Airline financials healthy, growing profitability 2001 2003 2005 2007 2009 2011 2013 2015 Backlog Net Deferrals/Accelerations Debookings/Cancelations (Total change as a % of backlog)

Airline industry trends remain healthy… growing market environment

BCA Commercial Aircraft BCA Backlog Growth & Replacement Geographic Mix

more orders… more balanced… more diverse… Other Other Replacement Asia ~5,800 Replacement Middle East Europe

Asia

Growth Europe Growth Americas

~1,600 Americas

2000 2015 2000 2015 2000 2015 Unprecedented backlog provides solid foundation for long-term growth

BCA Strategy

. Differentiated products and services 1Q16 Commercial 20-Year Current Airplanes Backlog Market Outlook 5,740 Units 2015-2034 . Aligned and disciplined airplane development

Wide-Body $2.7T Services . Lean and responsive production system Wide- Narrow- $2.8T Body $424B Body $8.4T 55% 45%

. Expand market position Narrow-Body $2.9T . Enable and integrate services growth

Expand market share while growing profitably

550

500 747-8 450

777-9 777-300ER 400

777-8 A350-1000 350 787-10 A350-900 300 787-9 A330-300/-900neo

250 A330-200/-800neo

Product Lineup Product 787-8

737 MAX 200* 200 A320neo* high density 737 MAX 9 A321neo/LR 737 MAX 8 150 A320neo 737 MAX 7 A319neo 100 *single class *single class Most comprehensive product lineup in the industry

737 vs. A320 Family Orders Since 2011

Orders since 737 MAX launch in December 2011. Data as of March 31, 2016. 737 family has captured 50% market share since 737 MAX launch

BCA Production

1,000 5 planned key rate increases 17 rate increases 777 transition 900 >900 800

700 762

600 648

500 477

400 Deliveries Deliveries

300

200

100

0 2010 2011 2012 2013 2014 2015 2016 2020 Guidance Conservatively increasing production rates

Development Update

737 MAX . Flight test program on schedule with first four airplanes flying . Recurring/non-recurring cost reductions on track . Product development design efficiencies being realized

787-10 . 95% design/build commonality on 787-9/-10 driving producibility benefits . Recurring/non-recurring cost better than plan and continues to improve . Major assembly began early and progressing well

777X . Detailed design progressing to plan . Performance, reliability, maintainability on track . Supplier integration underway and meeting targets

Development programs meeting cost, schedule and performance

Productivity Focused

. Increase technology across . Systems integration that enables . Equipment platforms driving Programs – common and increased analytics and continuous flexibility and modularity standard improvement . Leverage investments to transform . Innovate with discipline and . Tailor automotive productivity to the production system focus aerospace

737 Automated Wing Panel Assembly 777 Fuselage Automated Upright Build (FAUB) 787 Rear Fuselage Quadbots Will enable 60% reduction in defects, 30% reduction in flow Automated, guided robots that will drill and fill ~50,000 fasteners Automated, guided robots that drill and fasten frames to time, 50% reduction in employee injury that are today installed by hand fuselage with real time inspection, driving first-time quality

Increasing productivity while meeting planned production rates

Growing Boeing’s Services Business 20-Year Current Airplane Strategy Services Market Outlook 2015-2034 . Provide 24/7 global support . Increase parts portfolio, broaden distribution Information . Enhance value-added maintenance & engineering Services . Leverage market-leading data analytics Engineering $2.8T & . Meet robust global demand for training Flight Maintenance Services Services . Leverage One Boeing opportunities Results . Record orders in 2014 and 2015 . Growing backlog

Winning market share with world-class support & services

BCA Margins – Focused on Mid Teens

Key Drivers / Areas of Focus Delivering on backlog Mid Supply chain efficiencies Teens First-time production quality Development transition/efficiency Factory automation Double Internal cost optimization Digit 9.8% Market conditions Competitive landscape

2013-2015 Near-term Focus Aspirational Goal

Aggressively focused on productivity to drive margin expansion

Copyright © 2016 Boeing. All rights reserved. 11 May 2016 | Investor Conference Summary . Execute on backlog . Expand market position - drive innovation and growth . Improve bottom line through performance and productivity . Design for customer value, producibility, maintainability and reliability . Maintain competitive advantage . Deliver results with the best team and talent

The aerospace leader and enduring global industrial champion