BEAV Q1 2013 Slides

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First Quarter 2013Conference Call

April 22, 2013

Many Parts. OnePartner.

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First Quarter 2013 Results

17.4%

($ in millions except EPS amounts)

$747.3

$842.2

Q1 12 Q1 13

$129.8

Q1 12 Q1 13

Revenues up 13%; Operating earnings up 18%;Operating margin expanded 80 bps

Q1 12 Q1 13

$0.67

$0.87

Slide 2

+12.7% $153.6

Operating Earnings

Operating Margin %Revenues EPS

18.2%

+18.3% +29.9%

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Backlog Supports Future Growth

As of March 31, 2013 backlog is ~$3.8

billion (excludes ~$4.5 billion ofawarded, but unbooked SFE programs)

Q1 2013 bookings ~$845 million

Total backlog, including awarded butunbooked programs, of ~$8.3 billion

Backlog is Well Disbursed Geographically

Slide 3

~$3.8 billion backlog + ~$4.5 billion unbooked awards $8.3 billion

32%

29%39%

Europe

NorthAmerica

Emerging Markets,Asia, Pacific Rim &

Middle East

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Revenues of $420.0 million increased 12.1%

Operating earnings of $74.2 million increased 13.3%

Operating margin of 17.7% expanded 20 basis points

($ in millions)

Revenues up 12%; Operating earnings up 13%;Operating margin up 20 bps

Commercial Aircraft Segment (CAS)

Revenues Operating Earnings

Operating Margin %

$374.7

$420.0 $74.2

$65.5

17.5%

Q1 12 Q1 13 Q1 12 Q1 13

+12.1%

Slide 4

Three Months Ended March 31,

17.7%

+13.3%

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Revenues Operating Earnings

Operating Margin %

($ in millions)


$286.8

$326.7

$51.8

18.1%

18.1%

Q1 12 Q1 13 Q1 12 Q1 13

+13.9%

Consumables Management Segment (CMS)

Slide 5

$64.8

19.8%

+25.1%


Operating earnings were $64.8 million, an increase of 25.1%, and operating margin of 19.8% expanded 170 basispoints

Operating margin, adjusted to exclude AIT costs of $4.1 million, was 21.1% and expanded 150 basis points ascompared with the prior year period similarly adjusted for AIT costs

On a sequential quarterly basis, that is Q1 2013 versus Q4 2012, which reflects both acquisitions in both periods,revenues increased 8%, operating earnings increased 18%, and operating margin expanded by 160 basis points

Revenues up 14%; Operating earnings up 25%Operating margin up 170 basis points

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Revenues Operating EarningsOperating Margin %


$85.8

$14.6

$12.5

14.6%15.3%


Operating earnings of $14.6 million increased 16.8%

Operating margin of 15.3% expanded 70 basis points as compared with the prior year period, reflecting theincrease in revenues, an improved mix of revenues and ongoing operational efficiency initiatives

Business Jet Segment

($ in millions)

Q1 12 Q1 13 Q1 13Q1 12

$95.5+11.3% +16.8%

Revenues up 11%; Operating earnings up 17%;Operating margin up 70 bps

Slide 6

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Solid Financial Position

Slide 7

No debt maturities until 2020;$950 million undrawn revolver

($ in millions)

Cash 532$

Long-term debt, net of cash 1,429

Stockholders' equity 2,238

Net-debt-to-net-capital ratio 39%

March 31, 2013

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2013 Financial Guidance

Slide 8

The Company expects continued strong bookings in 2013 driven by the robustwide-body aircraft delivery outlook, bookings from prior SFE awardedprograms, and a modest recovery in aftermarket demand, and expects to endthe year with a book-to-bill ratio in excess of 1 to 1.

2013 revenues are expected to be approximately $3.35 billion, and, based onscheduled program deliveries, are expected to be stronger in the second halfof the year.

The Company expects 2013 EPS of approximately $3.45 per diluted share.The EPS guidance of $3.45 per diluted share represents an increase ofapproximately 22% as compared with 2012 EPS of $2.83 per diluted share(2012 EPS of $2.83 adjusted to exclude 2012 debt prepayment costs). TheCompanys 2013 earnings per share guidance is inclusive of approximately

$20 million of expected 2013 AIT costs. 2013 free cash flow conversion ratio is expected to be approximately 70% of

net earnings, weighted more heavily toward the second half of 2013.

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Reconciliation of Non-GAAP

Slide 9

March 31, March 31,

2013 2012

Operating earnings 153.6$ 129.8$

AIT costs 4.1 4.3

Adjusted operating earnings 157.7$ 134.1$

March 31, March 31,

2013 2012

Operating earnings 64.8$ 51.8$

AIT costs 4.1 4.3Adjusted operating earnings 68.9$ 56.1$

RECONCILIATION OF OPERATING EARNINGSTO ADJUSTED OPERATING EARNINGS

(In Millions)

RECONCILIATION OF CONSUMABLES MANAGEMENT SEGMENT

OPERATING EARNINGS TO ADJUSTED OPERATING EARNINGS

Three

Months Ended

(In Millions)

Three

Months Ended

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Reconciliation of Non-GAAP

Slide 10

Three

Months EndedMarch 31,

2013

Net cash flow provided by

operating activities 59.2$

Capital expenditures (37.2)

Free cash flow 22.0$

(In Millions)

RECONCILIATION OF NET CASH FLOW PROVIDED BY

OPERATING ACTIVITIES TO FREE CASH FLOW

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B/E Aerospace: Safe Harbor Statement

These materials contain forward-looking statements within the meaning of Section

27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of1934. Such forward-looking statements involve risks and uncertainties. B/E

Aerospaces actual experience and results may differ materially from the experience

and results anticipated in such statements. Factors that might cause such a

difference include those related to the realization of the expected benefits from

completed, pending and future acquisitions, changes in market and industry conditions

and those discussed in B/E Aerospaces filings with the Securities and Exchange

Commission, which include its Proxy Statement, Annual Report on Form 10-K,

Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. For more

information, see the section entitled Forward-Looking Statements contained in B/E

Aerospaces Annual Report on Form 10-K and in other filings. The forward-looking

statements included in these materials are made only as of today's date and, except

as required by federal securities laws, we do not intend to publicly update or revise

any forward-looking statements to reflect subsequent events or circumstances.

Slide 11

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First Quarter 2013Conference Call

April 22, 2013

Many Parts. OnePartner.

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BEAV Q1 2013 Slides