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%

3

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

7

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

8

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