Company Confidential

Bell Helicopter State of The Business

John L. Garrison President & CEO Bell Helicopter

Heli-Expo February 25, 2014

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Forward-Looking Information

Certain statements in today’s discussion will be 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, including the risks and uncertainties set forth under our full disclosure located at the end of this presentation and included in our SEC filings.

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Cessna Aircraft

Cessna

23%

Bell Helicopter

Bell

37%

Leading Branded Businesses

E-Z-GO Greenlee Jacobsen Kautex

Industrial

25%

Textron Financial

Finance

1%

Weapons & Sensors Unmanned Aircraft Systems Marine & Land Mission Support Simulation & Training Systems

Textron Systems 14%

2013 Revenue $12.1 B

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2013 Performance Overview

Continued strong financial performance – Revenue: $4.5 billion – NOP: $573 million – Margin: 12.7%

Military Business – Delivered 41 V-22 – Delivered 25 H-1 – Delivered 12 OH-58 C/D Mod cabins – V-22 MYP II approved

99 total aircraft; option for 23 additional units; one option exercised to date

– Delivered first V-22 to Presidential Marine Helicopter Squadron (HMX)

– Fire Scout successful first flight – Successful launch of V-280 Valor

Awarded U.S. Army Technology Investment Agreement for Joint Multi-Role Technology Demonstrator program

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2013 Performance Overview

Commercial Business – Deliveries up from 188 to 213

~12% increase

– Began assembly of first 525 Relentless – Introduced three product upgrades

407GT 412EPI 429WLG

– Announced re-entry to Short-Light-Single class – Gaining momentum in international sales

Deliveries: • 13 x 429 to Turkish National Police • First 407GX in Russia • First 407GX in Switzerland • First 429 in UK

Orders: 82% International • First 407GX in Turkey • First 429 Air Ambulance in UK • 10 x 407, 4 x 407GX, 2 x 429

(Reignwood China)

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2013 Performance Overview

Customer Support & Services – Continued #1 customer support ranking

ProPilot: 20 years AIN: 8 years Rotor & Wing OEM Excellence: 7 of 9

categories

– Expanding contract to support Iraqi aircraft: 30 407s, 15 Huey IIs, 10 206L-3, 9 OH-58

Investing for the future – Bell 525 Relentless – Bell 505 Jet Ranger X – Bell V-280 Valor – V-22 enhancements – Training operations in Europe and China

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Industry Overview

• Rotorcraft remains an attractive, growing global industry

• Military and Commercial sectors experience long business cycles

– Periods of sustained civil sector growth often counter-balance significant downturns in USG spending

• Near-term projections – Downward pressure and uncertainty with

Department of Defense budgets continues – Commercial vertical lift demand increasing in line

with all major forecasts

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Industry Forecast

Independent forecasts predict continued growth

Turbine Rotorcraft Delivery Forecast for All OEMs

1000

1100

1200

1300

2013A 2014 2015 2016 2017 2018 2019

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Forecast Int'l Jan 2014 Honeywell Mar 2013 Teal Dec 2013 Source: Forecast International, Honeywell, Teal Group, and Ascend Online.

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Strategic Overview

• Strategic focus – Leverage Commercial growth and FMS to offset U.S. Military

reductions – Invest in both Commercial and Military product lines – Drive enterprise performance to become more cost competitive – Increase international efforts to fuel growth

• Long-range strategic goals – Expand military customer base – Continue to grow commercial sales – Expand CSS globally and improve offerings – Attract, retain and develop talent

Growth and improved operational flexibility

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OH-58 Kiowa Warrior

TH-67 Creek II

MV-22 USMC Osprey

AH-1Y Venom

AH-1Z Viper

CV-22 AFSOC Osprey

Military Aircraft

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One of the safest, most survivable vertical lift aircraft in the Marine Corps

• Deliveries as of Dec 2013 – 217 MV 22 – 39 CV 22

• Program of Record – AFSOC 50 CV-22 – USMC 360 MV-22 – USN 48 V-22

• MYP II approved – 99 total aircraft: option for 23

additional units

• More than 200,000 total flight hours

• Unmatched performance – Iraq – Afghanistan – Philippines

• Pursuing FMS opportunities

• Expanding capabilities

V-22 Osprey

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34 39 41 36

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0

20

40

2009 2010 2011 2012 2013 2014 2015

V-22 Contract Deliveries

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H-1 Venom & Viper

• Deliveries as of Dec 2013 – 87 UH-1Y – 36 AH-1Z

• Program of Record: 349 – 160 UH-1Y – 37 AH-1Z Remanufacture – 152 AH-1Z Build New

• UH-1Y deployed to Afghanistan and to MEUs since 2009

• Two squadrons now operational, employing AH-1Z and UH-1Y, providing all west coast MEUs a detachment of 4 AH-1Z and 3 UH-1Y

Significantly improved performance and lethality

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25 24 25 27 29

0

20

40

2009 2010 2011 2012 2013 2014 2015

H-1 Contract Deliveries

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Military Business Development

• V-22 opportunities – USG

US Navy AFSOC expansion

– International Israel FMS Congressional

notification Japan requested pricing and

availability A number of other countries in

discussions • H-1 opportunities

– Discussions with countries with Bell-installed base

– New opportunities focused in Middle East and Asia/Pacific

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• 3rd generation tiltrotor – 55+ years of expertise

• Greatest capability with unmatched agility and flexibility

• More than twice the speed and range – goes farther, faster

• Best total value • Awarded Technology Investment

Agreement in September 2013 • First flight expected in 2017

V-280 Valor

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V-280 Mission Efficiencies

Reduces infrastructure to support a more lean, agile, affordable Army

250 nm Air Assault Mission

Completes Mission Faster and Cheaper Less Aircraft and Less Support Required

19 V-280s 29 UH-60s $0.88M @ 5:35 Hr $1.84M @ 8:00 Hr …vs…

MEDEVAC Mission

V-280 Covers 5X the Area of UH-60 in the Same Golden Hour to Save Lives

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Commercial Aircraft

ADD SLS

Bell 206L4

Bell 412 Bell 429 Bell 407

Bell 525 Relentless (in development)

Bell 505 Jet Ranger X (in development)

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Bell 407

• Best selling, state-of-the-art helicopter

• Garmin G1000 glass flight deck provides critical flight information at a glance

• Enhanced safety features providing greater situational awareness include HTAWS, moving map, pathway-in-the-sky, and Garmin’s Helicopter Synthetic Vision Technology™

• Integrates reliability, speed, performance, and maneuverability with a cabin configurable for an array of missions and payloads

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Bell 412

• Strong demand for Bell 412 • Upgraded EPI provides

– 15% more shaft horsepower, significant improved performance at high-hot and single engine

– Fully integrated glass flight deck, with Garmin GTN-750 NavCom and touch-screen GPS

– Single pilot IFR with coupled WAAS

– Helicopter Terrain Avoidance System (HTAWS)

– Improved pilot situational awareness with significantly reduced workload

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Bell 429

• 21st century standard for light twin helicopters – Exceptional speed, range and hover performance – Glass cockpit – Spacious, flexible cabin – First MSG-3 certified helicopter

• Only single pilot IFR light/intermediate class helicopter • New Retractable Landing Gear option; certified in January

2014 Gross Weight Increase • 429 now certified to operate at 7500 lbs in 18 countries • Petition for Reconsideration filed with FAA

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• World’s first fly-by-wire commercial helicopter

• Unparalleled situational awareness, enhanced safety and reliability – Garmin G5000H fully-integrated glass

flight deck • Best-in-class payload and range

capability – CAT A operations to/from a helipad

• Best-in-class payload, cabin, cargo volumes

• Best-in-class ride, comfort, passenger situational awareness

• First flight expected in late 2014

Bell 525 Relentless

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• Bell Helicopter defined the short light single market with the original JetRanger

• Offers best combination of value, performance & features: – Speed 125+, Range 360+, MGW 1500+,

HOGE 11,000+ – Turbomeca Arrius 2R engine with Dual

Channel FADEC – Fully-integrated Garmin G1000 flight

display system – Forward facing seating for five – Fully-flat, configurable cabin floor for

mission flexibility • First flight expected in late 2014

Bell 505 Jet Ranger X

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Customer Support and Services

• Top ranked after-market support sets Bell Helicopter apart from the competition – #1 customer support ranking for 20

years • Largest support network in the

industry – and growing – More than 100 authorized customer

service facilities in 34 countries

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Summary

• 2013 – industry leading performance – Strong financial results – Increased commercial deliveries – Strong military program performance – Successful product upgrades – Two new product launches

• 2014 – focus on improved operations and performance – Continuing to deliver military on schedule and budget – Expanding international military and commercial sales – Continued investment in new and improved products

• Long-term outlook – challenges and opportunities – Defense budgets uncertain but with opportunity – Continued commercial growth – Attractive long-term growth market – Well-positioned for future

Investing for the future

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Questions?

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Forward-Looking Information Certain statements in this presentation and other oral and written statements made by us from time to time are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements, which may describe strategies, goals, outlook or other non-historical matters, or project revenues, income, returns or other financial measures, often include words such as “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate,” “guidance,” “project,” “target,” “potential,” “will,” “should,” “could,” “likely” or “may” and similar expressions intended to identify forward-looking statements. These statements are only predictions and involve known and unknown risks, uncertainties, and other factors that may cause our actual results to differ materially from those expressed or implied by such forward-looking statements. Given these uncertainties, you should not place undue reliance on these forward-looking statements. 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. In addition to those factors described under “Risk Factors” in our Annual Report on Form 10-K, among the factors that could cause actual results to differ materially from past and projected future results are the following: interruptions in the U.S. Government’s ability to fund its activities and/or pay its obligations; changing priorities or reductions in the U.S. Government defense budget, including those related to military operations in foreign countries; our ability to perform as anticipated and to control costs under contracts with the U.S. Government; the U.S. Government’s ability to unilaterally modify or terminate its contracts with us for the U.S. Government’s convenience or for our failure to perform, to change applicable procurement and accounting policies, or, under certain circumstances, to withhold payment or suspend or debar us as a contractor eligible to receive future contract awards; changes in foreign military funding priorities or budget constraints and determinations, or changes in government regulations or policies on the export and import of military and commercial products; volatility in the global economy or changes in worldwide political conditions that adversely impact demand for our products; volatility in interest rates or foreign exchange rates; risks related to our international business, including establishing and maintaining facilities in locations around the world and relying on joint venture partners, subcontractors, suppliers, representatives, consultants and other business partners in connection with international business, including in emerging market countries; our Finance segment’s ability to maintain portfolio credit quality or to realize full value of receivables; performance issues with key suppliers or subcontractors; legislative or regulatory actions, both domestic and foreign, impacting our operations or demand for our products; our ability to control costs and successfully implement various cost-reduction activities; the efficacy of research and development investments to develop new products or unanticipated expenses in connection with the launching of significant new products or programs; the timing of our new product launches or certifications of our new aircraft products; our ability to keep pace with our competitors in the introduction of new products and upgrades with features and technologies desired by our customers; increases in pension expenses or employee and retiree medical benefits; and continued demand softness or volatility in the markets in which we do business; the inability to complete announced acquisitions; difficulty or unanticipated expenses in connection with integrating acquired businesses; the risk that anticipated synergies and opportunities as a result of acquisitions will not be realized or the risk that acquisitions do not perform as planned, including, for example, the risk that acquired businesses will not achieve revenue projections.