Investor Presentaiton
Profitable LEAP growth requires focus on shop visit
volume, durability & cost
Durability & cost-a)
Time on wing (TOW) indexed to technical requirement (Mean TOW, cycles)
GE Aerospace
Internal shop visit growth-b)
1.00
Customer expectation at maturity
LEAP-1A
CFM56-5B
Better TOW v. CFM56
at comparable age
400
200
0.00
0
1
2 3
4
5
7
8 9 10
2022
Delivery year, since EIS
•
•
2023E
2024F
2025F
Durability critical to profitability... short of customer expectations
but better than CFM56 at same point of life since EIS
Improving unit cost ... targeting MSD reduction by 2025 as
inflation pressures productivity gains
•
Shop visit growth is key driver of profitability... expected to
ramp considerably through balance of the decade
Future growth will require external network build out &
focused internal investments coupled with lean improvements
Program profitable & OE breakeven expected mid-decade
(a - LEAP-1A Low Thrust, Neutral environment, projections based on available field data; CFM56-5B Low Thrust (B4/B6), Neutral environment
(b Excludes LEAP quick turns
CFM International is a 50-50 joint company between GE & Safran Aircraft Engines.
2023 GE INVESTOR CONFERENCE 36View entire presentation