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1
Spirit – A Leader in Aerospace
Jeff TurnerPresident and Chief Executive Officer
Credit Suisse Aerospace and Defense ConferenceDecember 6, 2006
2
Our Message
Successful IPO… Validated strategy, performance, and financial health
Well positioned in a strong commercial aerospace market
Significant growth opportunities leveraging technology, cost structure and experience
Strong operating performance and healthy balance sheet
Aerospace Industry Leader
3
Financial Summary ($MM)
$93Free Cash Flow
$589Capital Resources and Liquidity
$400Revolving Credit Facility2
108%Conversion on Net Income1
$189Cash Balances
($233)Capital Expenditures$326Cash From Operations
$86Net Income
$0.71EPS (Diluted)
7.8%Operating Margins
$623
$184
$2,356
Total Debt3
Operating Income
Revenue
Strong Operating Performance… Financially Healthy
Nine Month PeriodEnded 9/28/06
1 Free Cash Flow / Net Income2 Revolving Credit Facility in place on November 273 Includes $100M debt reduction from IPO Proceeds
Profitability
Cash Flow
Liquidity
Debt
4
Background… 75 Year Operating Heritage
State Of The Art Facilities & Capabilities
Wichita, KSWichita, KS
Prestwick, ScotlandPrestwick, Scotland Tulsa, OKTulsa, OK
8
Significant Content On All Boeing Single And Twin-Aisle Programs
B737 B747
B767
B787
B777
Shipset Value: $8.0–12.0MM
Shipset Value: $8.4–14.6MM
Shipset Value: $10.0–11.3MM Shipset Value: $4.0–6.9MM
Shipset Value: $5.6–7.5MM
Largest Independent Structures Supplier to Boeing
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Largest Independent Structures Supplier to Airbus
A320 A380
New Relationships Create Growth Opportunities For Spirit
Announced A320 production rate increasesA350 XWB launched Concentrating supply base: Favors full service Tier One’sAdditional outsourcing expected
Shipset Value: $0.8-1.0MM Shipset Value: $1.2MM
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Most Complete Product Offering
Global Market Leader For Commercial Aerostructures
CompanyNacelles /
Thrust Reversers
Struts / PylonsForward Fuselage
Other Fuselage
Structures
Wing / Flight Control
Surfaces
Competitor A
Competitor B
Competitor C
Competitor D
Competitor E
Competitor F
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787 Program Update
Spirit Content On Track… Continuing To Support Customer's Program Initiatives
•Completed three contoured fuselage test barrels
•Delivered three engine pylons
•Delivered the first wing fixed leading edge
•Working to achieve new weight targets
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Compelling Investment Opportunity
Positioned on the best selling Boeing and Airbus platforms
Significant growth opportunities
Strong and predictable revenue and earnings growth
Growing Industry Leader
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605668
835903
975 1,032
0
200
400
600
800
1,000
1,200
2004 2005 2006 2007 2008 2009
Growing Industry
Source: 2005 deliveries from Boeing and Airbus. Forecast based on Wall Street research
Delivery Estimates
11.3% CAGR
$17B Backlog With Growth Potential
BoeingAirbus
Spirit is sole source supplier to the best selling programs… $17B BacklogMarket demand indicates higher production rates on single aisle and twin aisle aircraft The U.S. legacy airlines not yet in the mix… Additional demandPlus additional growth from other sectors
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Outsourcing Trend Creates Opportunity to Grow
9%4%
4%
50%33%
OEM outsourcing drivers:• Cost savings• Lower asset intensity• Spreads investment risk
Beneficiaries are Tier 1 suppliers
Introducing new capacity and capabilities to a receptive market
Early adoption of composites positions us for future composite aircraft business
OtherSuppliers
In-house
Spirit
Spirit Well Positioned To Benefit From OutsourcingSource: Counterpoint Market Intelligence
Global Aerostructures Market (2004)
Total Market: $24 Billion
Competitor 1
Competitor 2
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Post acquisition, Spirit has won several significant contracts in competitive processes
Won new work with Boeing
Won extended work with Boeing
New customer wins
Robust and growing pipeline
New Business Wins
Balanced Bid Pipeline (Dollar Value)
Competitive Cost Structure Has Been Validated By Market
Boeing
AirbusBusiness Jet
Military
29% 24%
24%23%
Source: Spirit
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Strong Growth Through The Upcycle
Growing Core Market
High Growth Platforms
Winning New Business
Leading the Outsourcing Trend
B787 Content
Potential To Grow Faster Than The Market
Growing Faster Than Market
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Focused On Executing Current Business… While Leveraging Core Strengths For Growth And Long Term Value Creation
Management Focus
Execution across all customer programs… Cost, quality and delivery, driving financial performance
787 development, production readiness and execution
Supply base health and rate readiness
Growth rates beyond market
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Summary
Competitively positioned in a strong commercial aerospace market… Focused on customer satisfaction
Core business is performing well… Execution on current business is a top priority
Design and build capabilities, leading edge technology and cost structure create growth opportunities
Excellent backlog and financially healthy
Aerospace Industry Leader
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Forward Looking Statements
The following information contains forward-looking statements. These forward-looking statements are based on management’s current expectations and beliefs, as well as a number of assumptions concerning future events. These statements are subject to risks, uncertainties, assumptions and other important factors, many of which are outside management’s control, that could cause actual results to differ materially from the results discussed in the forward-looking statements. You are cautioned not to put undue reliance on such forward-looking statements because actual results may vary materially from those expressed or implied. All forward-looking statements are based on information available to management on this date and Spirit AeroSystems Holdings, Inc., assumes no obligation to, and expressly disclaims any obligation to, update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.