Professional Documents
Culture Documents
Investor Meeting
March 7, 2012
Caution Concerning Forward-Looking Statements:
This document contains forward-looking statements that is, statements related to future, not past, events. In this context, forward-looking statements often address our expected future
business and financial performance and financial condition, and often contain words such as expect, anticipate, intend, plan, believe, seek, see, or will. Forward-looking statements
by their nature address matters that are, to different degrees, uncertain. For us, particular uncertainties that could cause our actual results to be materially different than those expressed in our
forward-looking statements include: current economic and financial conditions, including volatility in interest and exchange rates, commodity and equity prices and the value of financial assets;
the impact of conditions in the financial and credit markets on the availability and cost of General Electric Capital Corporations (GECC) funding and on our ability to reduce GECCs asset levels as
planned; the impact of conditions in the housing market and unemployment rates on the level of commercial and consumer credit defaults; changes in Japanese consumer behavior that may
affect our estimates of liability for excess interest refund claims (Grey Zone); potential financial implications from the Japanese natural disaster; our ability to maintain our current credit rating
and the impact on our funding costs and competitive position if we do not do so; the adequacy of our cash flow and earnings and other conditions which may affect our ability to pay our
quarterly dividend at the planned level; the level of demand and financial performance of the major industries we serve, including, without limitation, air and rail transportation, energy
generation, real estate and healthcare; the impact of regulation and regulatory, investigative and legal proceedings and legal compliance risks, including the impact of financial services
regulation; strategic actions, including acquisitions, joint ventures and dispositions and our success in completing announced transactions and integrating acquired businesses; and numerous
other matters of national, regional and global scale, including those of a political, economic, business and competitive nature. These uncertainties may cause our actual future results to be
materially different than those expressed in our forward-looking statements. We do not undertake to update our forward-looking statements.
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investors in gauging the quality of our financial performance, identifying trends in our results and providing meaningful period-to-period comparisons. For a reconciliation of non-GAAP measures
presented in this document, see the accompanying supplemental information posted to the investor relations section of our website at www.ge.com.
Effective January 1, 2011, we reorganized our segments. We have reclassified prior-period amounts to conform to the current-periods presentation.
In this document, GE refers to the Industrial businesses of the Company including GECS on an equity basis. GE (ex. GECS) and/or Industrial refer to GE excluding Financial Services.
Todays agenda
Overview and strategy
John Rice
John Rice
Q&A
2
GE Global Investor Day
March 7, 2012
Vice Chairman, GE
President & CEO, GE Global Growth & Operations
Macro perspective
plenty of growth in lots
of places
1990
6
4
2
0
USA
U.S.
Italy
UK
Canada
Spain
Brazil
China
2011
15
10
New entrants
5
0
USA
U.S.
China
Brazil
UK
Italy
Russia
India
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GE Global Investor Day
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RUCIS
infrastructure
(~$575B)
Plan Nord
Energy in
Canada
(~$25B)
China
Healthcare
FYP (~$180B)
Chinas 12th
FYP in power
industry
(~$840B)
Iraq 5-yr
plan
(~$186B)
Brazil PAC 2
investment
program
(~$872B)
Kenya 2030
rail & power
(~$60B)
Saudi 9th
Development
Plan (~$385B)
South Africa
Development
Plan
(~$100B)
India
infrastructure
(~$500B)
Indonesia
infrastructure
(~$140B)
Australia
building
program
(~$105B)
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GE Global Investor Day
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Turkey
Energy (5)
$1.1B
NextEra
Wind
$0.6B
CFE
Thermal
$0.2B
GOL
T&M
$0.4B
OGX
Subsea
$0.2B
Petrobras
Thermal
$0.2B
Renova
Wind
$0.3B
MPX
Thermal
$0.1B
KTZ Rail
MSA
$0.6B
UAE
Qatar Air
EMAL II
777
Egypt
$0.2B
Energy (3) $0.7B
$0.4B
Emirates
SEC Direct
777
Algeria 13 & PP10
$6.0B
$0.4B
Aero TM
$0.2B
Greenko
Wind
$0.3B
Angola
Subsea
$0.4B
India
LCA
$0.8B
Garuda
Citilink
$1.0B
Transnet
Locos
$0.1B
Inpex
O&G
$1.0B
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GE Global Investor Day
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++
Mongolia
$2B
$0.2B
<$0.1B
'01
Libya
$33B
'11
'15F
Senegal
$1B
Cameroon
$3B
Peru
$28B
S. Sudan
$100B
Myanmar
$7B*
Ethiopia
$7B
Mozambique
$1B
Zambia
$1B
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GE Global Investor Day
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People with no
basics
healthcare,
electricity, water
Distributed power
Lower cost healthcare
Financing solutions
Annual resource
extraction
growing 2B tons
per year
~3.0B
~70B tons
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GE Global Investor Day
March 7, 2012
GE a leader in global
markets
GE today
Industrial revenue *
$62B
Growth
Developed
18%
$73B
27%
13%
Dynamics
$93B
37%
22%
24%
USA
69%
49%
'01
'06
'11
12
GE Global Investor Day
March 7, 2012
Global growth
($ in billions Industrial revenue ex-NBCU)
Growth markets
Resource Rich
$24
$15
Rising Asia
$5
06
11
A&NZ
06
$10
11
China
Developed
$18
$20
06
11
Europe
Canada
LatAm
MENAT
10% CAGR
~3X GDP
India
12% CAGR
~1.5X GDP
Germany
3% CAGR
~5X GDP
Japan
Russia/CIS
SS Africa
* Excluding NBCU, including GE/GECS elim
ASEAN
Korea
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GE Global Investor Day
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Growing
20-25%
12E V%
Middle East/North ++
Africa/Turkey
Growing
10-15%
Rising Asia
12E V%
12E V%
Russia/CIS
++
China
++
Sub-Saharan
Africa
++
LatAm
++
India
Canada
++
A&NZ
++
ASEAN
1
2
3
4
Acquired: 2007
Avionics
Global revenue: 32%
Acquired: 2007
Drilling & production
Global revenue: 87%
Acquired: 2008
Pressure control equipment
Global revenue: 68%
Acquired: 2011
Compression, flow, M&D
Global revenue: 61%
Acquired: 2011
Power conversion
Global revenue: 80%
Well Support
Acquired: 2011
Subsea drilling capability
Global revenue: 96%
Acquired: 2011
Enhanced oil recovery
Global revenue: 49%
15
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Approach
Investing products, innovation
and localization
Building compliance, talent and
financing capabilities
Global
Local
17
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Investing
18
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March 7, 2012
Transportation
# of engines
% of global revenue
~34,000
~25,900
+16 pts
28%
41%
25%
31%
26%
3X
Employees
$0.2B
$0.7B
06
11
~200
~2,300
12,000
30%
NAM
38%
EUR
Growth
34%
28%
39%
2000
Today
46%
# global
locos
'01
'11
63
270
2016
19
GE Global Investor Day
March 7, 2012
Global innovation
FlexAero
Vscan
TM
Highest efficiency
09-11
Worlds largest
compressor (100MW)
Indonesian
Bank
20
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Healthcare example
Investing and
Footprint in
Brazil, India, China
2010
05 V%
Engineers
1,859
97%
Manufacturing team
1,913
81%
Total employees
Factories
8,460
120%
10
100%
584
143%
ICFC products
32
16X
Orders
China
'10
'11
LatAm
'10
Other
24%V
'10
'11
'10
ASEAN
'10
'11
India
25%V
24%V
23%V
'11
41%V
'11
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US
Deep product
expertise
Austria
30 years of ultrasound
software knowledge
India
Engineering
talent
Korea
Developed
supplier
base
MENAT
Design & development
ASEAN
Manufacturing
Launch markets
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2010:
2011:
2012:
2013:
Break ground
Start production
and ramp up
Optimize process
and cost
Maximize cost
benefit & grow
Expand
portfolio
Expand local
sourcing
Diversify into
Wind electrical
components
Phase I
investment
Shipped 400
Wind
generators
Perth, Australia
World class
capability
Expand capacity
Pune, India
~$1B output
by 2015
30% cost out
~$3B
orders
Product funnel
Gasifier
Super Value CT
Wind
42 launches
in 2012
Examples
Multi-fuel biomass Gasifier
Reliable power at grid prices
Clean energy
Disruptive rural price point <$100K
Access to key diagnostic capability
true market creation
Service backlog
$147
50
$93
U.S.
46
Global
47
97
'06
'11
% global ~50%
66%
Location
Russia/CIS Russia
MENAT
Saudi
Iraq
UAE
SSA
Angola
Nigeria
A&NZ
Australia
Latam
Brazil
Repairs
Manufacturing Distribution
25
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Building
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GE Global Investor Day
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Strong GE DNA
Global senior leadership
+9%
CAGR
~1,900
2011 actions
Recentralizing decision-making
1,700 mid-management roles added in
growth regions ... 96% local
Recruitment COEs placed in regions
~1,200
% of total
Company
'06
'11
28%
36%
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GE Global Investor Day
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China
Canada
Hutchinson (CEO)
18 yrs GE
RE, Cap. Mkts
Friesen (CFO)
Liu (Govt)
15 yrs GE
Plastics, Energy
8 mo. GE
Microsoft
India
MENAT
17 yrs GE (FMP)
CAS, Cap., Rail, Special
Mtls, AE, HBS
Tu (CFO)
Latin America
10 yrs GE
AE, HC, Cap.
Infra. Ind. Sys.
15 yrs GE (FMP)
CAS, Money, AE,
Plastics, Corp.
22 yrs GE (EEDP)
Healthcare
4 yrs GE
Oil & Gas
Schlumberger
Africa
Garcia (CEO)
Garcia (CFO)
Fama (HR)
27 yrs GE (FMP)
CAS, HC, Ind.
Sys., Lighting
15 yrs GE (FMP)
CAS, Corp.,
Energy
18 yrs GE (HRLP)
Lighting, Appl.,
O&G, Corp.
Wanchoo (Growth)
14 yrs GE
Healthcare
Bertoni (BD)
11 yrs GE
Energy
13 yrs GE
Cap., Energy,
C&I, Corp, O&G
Modak (CFO)
26 yrs GE
CAS, Appl. Intl,
Cap., Corp
Australia
12 yrs GE
CAS, Plastics,
Cap., Corp.
3 mo GE
TATA 4 years
11 yrs GE
HC, Corp., Intl
21 yrs GE (FMP)
CAS, Plastics,
Energy, MCS
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GE Global Investor Day
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Enhancing capabilities
Structured finance expertise
Strong global relationships
Asset & industry knowledge
$6.5B
Today
Future
Project development
& coordination with
GE Capital
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Leading
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March 7, 2012
Reputation
163MM people
12E GDP: 7%
12 Govt Spend: ~$8B
143rd on corruption *
perception index
excellence domain
3 Regulatory
expertise and process
IP protection
++
$0.5B
$0.2B
'01
'11
'16F
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$11B
Partnering in O&G,
PowerGen & Marine
Evo assembly with KTZ in
Kazakhstans Astana plant
~$1B
07
11
Investing in Algeria
Algesco & Hamma JVs
Playing critical role in
global O&G projects
32
GE Global Investor Day
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Next wave
Key wins/commitments
5x+
Russia JVs
AVIC
Huadian JV
$1.3B
'11
'15F
Government cooperation
Technical leadership
Saudi MOH
Transnet
Mubadala
Local capabilities
Healthymagination / Ecomagination
33
GE Global Investor Day
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France
U.S.
Turbine product
engineering
Healthcare product
engineering &
subassembly
Russia
Final assembly
Test, Service
China
Healthcare
subcomponents
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GE Global Investor Day
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GE Global Investor Day
March 7, 2012
Leadership For
Customers (LFC)
Global
Customer Summit
China Leadership
Innovation Session (LIS)
36
GE Global Investor Day
March 7, 2012
Globalization complexity
Evolving landscape
One-GE strength
GE Advantage
Six-Sigma
Lean
Imperatives
Maximize scale
Minimize duplication
Reduce SG&A
Focused on simplifying the structure
37
GE Global Investor Day
March 7, 2012
Systems
Structure
Ledgers
>75% reduction
ERPs
>20% reduction
P&L
Fewer
Span
Greater
Layers
Down
Targeting 1pt
SG&A reduction
Enabling
processes
Shared services
Headcount
Up
Down
38
GE Global Investor Day
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Driving profitability
GE margin
~15%
Global strategy
+
'12E
~50 bps/year
through 2013
'13F
Driving simplification
Total Company 1pt SG&A, $1B
improvement over 3 years
39
GE Global Investor Day
March 7, 2012
Positioned to win
optimize global and
local capabilities
Positioned to win
Opportunities
Regional focus
Distributed power
Go where the grid will not
SS Africa opportunity
LatAm localization
Nigeria CTC
Transportation
For the new middle class
Partnerships
Helping customers grow
Expand partnership
41
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Reinaldo Garcia
China
Mark Hutchinson
Steve Sargent
Khozema Shipchandler
Sub-Saharan Africa
Jay Ireland
42
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March 7, 2012
Latin America
Reinaldo Garcia
27 years GE experience
US, UK, France, Brazil
CAS, H&BS, Energy, Healthcare
43
GE Global Investor Day
March 7, 2012
Industrial revenue *
Macroeconomics
GE footprint
12E GDP:
$6.4T/3.9%
Population:
592MM
Govt spend:
~$1T
# of industrial sites: 60
Employees:
~19,700
First entered:
1896
Mexico + CAC XX
12E GDP: $2.1T, 4.0%
Total pop: 196MM
Brazil
X
X
Andean Region
12E GDP: $1.2T, 4.0%
Total pop: 131MM
$6.6B
$3.7B
'06
'11
X
X
X XX
South Cone
12%
CAGR
44
GE Global Investor Day
March 7, 2012
Area/Opportunity
Approximate
Capex/Invest .
O&G
~$225B
(by 15)
Identified
CY spend
GE opportunities
$45B
(Petrobras plan)
Mining
~$155B
~$28B
Kuntur Project
$13B+
Biofuel
~$26B
~$4B
Wind
~$16B
~$3B+
Wind turbines 13 GW
Mega-events
~$46B
~$9B
Infrastructure expansion
Energy plants
45
GE Global Investor Day
March 7, 2012
$0.8B orders
in 11
PEMEX reform
Acquisitions
Brazil
Opportunity
Well Support
Pressure Control
Electrical Submersible
Pumps
Logging Services
(mboed)
7.6
Petrobras
OGX
Others
'06
4.6
2X
Outlook
2.1
Investments
2.6
'11
'15F
'20F
+2.2k employees
9 new service sites
Broad subsea +
enhanced oil recovery
& shale play
++
$0.8B
'10
$1.7B
'11
'12E
+
+
+
+
Competitive advantage
Full product suite
Localization
Service capability
'16F
46
GE Global Investor Day
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Copper
Silver
GE solutions
$7B+ opportunity through 2015 in mining products/services
Power
Copper
Jenbacher engines
Growing capex
Energy consumption and environmental
concerns increasing
Remote operations and sustainability
managing talent constraints and safety
of operations
Water
Dust control
Locomotives
Remote monitoring
Automation
47
GE Global Investor Day
March 7, 2012
Block 57:
54%
100%
BRASIL
46%
Lima
PowerGen
~400MM
Block 58:
Separation
Main GE opportunities:
Pipeline
Compressors, water
treatment plants
Compression stations:
compressors, pumps,
valves
$250MM
Power Gen.
$200MM
$100MM
Turbo compressors
Fractionation
Compressors
Petrochemical
Fractionation plant
$50MM
$1B
Next steps:
Gas certification (June)
LNG Plant
PowerGen
Fertilizer
Sea level
Kuntur partners
48
GE Global Investor Day
March 7, 2012
Today
International
Vale
Petrobras
razen
Tereos
ETH
(B liters)
Production
Players
Local
Shell
Bp
Codexis
Bunge
solazime
&
47-52
28
24
Demand regulatory
mandates & flex-fuel fleet
44
Demand Supply
Demand Supply
2010
2015
Waste
GE Oppty
Waste
Bio-electricity
Waste
Generators
Gasification
system
Biogas
Water
Purification
P&W
Vinasse
Liquid
MBR/EDR
water
treatment
Water
Biogas
Gas
engine
Bio-electricity
Methane
Gas
engine
Bio-electricity
49
GE Global Investor Day
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Gas Turbines
Healthcare
50
GE Global Investor Day
March 7, 2012
Financial outlook
Industrial revenue *
36%
++
$6.6B
$4.8B
Sustainable growth
Strong teams in place
'10
'11
'12E
51
GE Global Investor Day
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China
Mark Hutchinson
18 years GE experience
HK, UK, US, Japan, France, China
Energy, Capital Markets, Real Estate
52
GE Global Investor Day
March 7, 2012
China overview
Footprint
Macroeconomics
Industrial revenue *
GE footprint
# of sites:
Employees:
First entered:
50+
17,000+
1906
X
X
12%
CAGR
$3.3B
$0.1
$3.2
$5.8B
$0.9
$4.9
'06
'11
X
X
China
12E GDP: $10.8T, 8.2%
Total pop: 1.3B
XX
X
Taiwan
12E GDP: $0.8T, 3.7%
Total pop: 23MM
Hong Kong
12E GDP: $0.3T, 3.6%
Total pop: 7MM
Non-consolidated revenue
53
GE Global Investor Day
March 7, 2012
12FYP
investment
Identified CY
spend
GE
opportunities
~70GW
~$100B
~$229B
~$45B
Engines, services,
avionics systems
~$180B
~$28B
Equipment, service, IT
Energy
Aviation
Healthcare
54
GE Global Investor Day
March 7, 2012
Energy
Gas expansion
Installed base
60%
270
170
$0.9
11
15F
06
70 6FA/Bs, 74 9Es and 35 9FAs
~50% of Chinas gas generation
11
16F
55
GE Global Investor Day
March 7, 2012
Aviation
Airline traffic
Airline fleet
4,484
# of engines
2,188
Airports
36%
231
30%
45%
49%
175
14%
2010
Others
2015
In Service
24%
Orders
Highest GE engine/avionics
content on any aircraft
Game changing partnership
with AVIC on Avionics
Strong domestic demand &
international potential
56
GE Global Investor Day
March 7, 2012
CFM is a 50/50 Joint Venture between GE & Snecma Engine Alliance is a 50/50 joint venture between GE & Pratt & Whitney
Offices
R&D center
Revenues
$0.6B
++
$1.4B
'06
'11
'16F
7% cost reduction
57% cycle time reduction
2% margin increase
Starlight X-ray
Brivo CT 315/325
Strategic partnership
Successful partnership
Gas Turbine
Bundle buy
2003
Wind Turbine JV
2010
Shenyang:
Onshore turbines
Jiangsu:
Offshore turbines & Svc
58
GE Global Investor Day
March 7, 2012
Financial outlook
Industrial revenue *
++
32%
$4.4B
$0.6
Strong execution
- Win big projects
$5.8B
$0.9
$4.9
$3.8
China face
- Strategic partnership
- Localization
3
10
11
12E
Non-consolidated revenue
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GE Global Investor Day
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A&NZ overview
Footprint
Macroeconomics
12E GDP:
$1.4T/3.0%
Population:
27MM
Govt spend:
~$30B
Industrial revenue *
GE footprint
# of sites:
Employees:
Present since:
32%
CAGR
74
5,700
1896
$2.9B
$0.7B
'06
'11
Great GE market
Australia
New Zealand
61
GE Global Investor Day
March 7, 2012
Rising Asia
urbanization
Approximate Identified CY
Invest/Capex $ spend $
~$500B
~$100B
Market opportunity
GE opportunity
$3B LNG projects won,
$3B+ to go + services
Environmental
regulation
~$40B
~$10B
Mid market
financing
~$35B
SAS
~$20B
$10B+ incremental
commercial finance market
62
GE Global Investor Day
March 7, 2012
PTT FLNG
Sunrise FLNG
Prelude FLNG
Bonaparte FLNG
Ichthys
Inpex
QGC LNG
Pluto 1-2-3
GLNG
Stuart
basin
Browse
Galilee Bowen
basin basin
Sydney
basin
AP LNG 1-2
Wheatstone
Gorgon 1 - 4
Shell Arrow
Fishermans LNG
Reserves
3.4 TCM conventional gas
4.2 TCM CSM
Shale gas reserves potentially greater than CSM
63
GE Global Investor Day
March 7, 2012
LNG Facilities
~$2.0
Wells
~$1.0
Nodal Compression
~$0.5
Pipelines
~$0.5
g
Industry leading water & salt solutions
Water Treatment
Total
~$2.0
$6+
Orders booked
~$3.0
To Go
~$3.0
+ services
64
GE Global Investor Day
March 7, 2012
Overview
SUBSEA
SYSTEMS
MEASUREMENT
& CONTROL
XT & Manifolds
TURBOMACHINERY
Controls
Offshore + LNG
6 Gas Gen, 4 Frame7
10 Compressors
65
GE Global Investor Day
March 7, 2012
~$3B
orders
$100MM investment
GE installed ~1,800
units
Improved capability
Cross business
'11
'15F
Service revenue
as % of total ~25%
revenue
'11
~50%
Subsea
Turbo machinery
Power generation
Transportation
Government sponsored
'15F
66
GE Global Investor Day
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67
GE Global Investor Day
March 7, 2012
Financial outlook
Industrial revenue *
++
67%
$2.9B
$1.8B
'10
'11
'12E
68
GE Global Investor Day
March 7, 2012
MENAT
Khozema Shipchandler
15 years GE experience
US, UAE
CAS, Aviation
69
GE Global Investor Day
March 7, 2012
MENAT overview
Footprint
Macroeconomics
Industrial revenue *
GE footprint
12E GDP:
$5.1T, 4.1%
Population:
703MM
Govt spend:
$1.7T-a)
# of sites:
Employees:
First entered:
105
~4,200
1930s
11%
CAGR
$8.6B
$5.1B
Turkey
Algeria
Iraq
12E GDP: $0.2T, 9.4%
Total pop: 33MM
'06
'11
Egypt
12E GDP: $0.5T, 3.0%
Total pop: 83MM
Gulf
~$60B
~$186B
~$50B
~$286B
~$70B
~$300B
~$60B
~$300B
~$50B
Vision 2030
Egypt
~$300B
Vision 2023
Turkey
5-year plan
Algeria
~$80B
5-year plan
Iraq
~$385B
5-year plan
Key GE opportunities
-a)
(a Government driving
privatization of new investments
71
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Key markets
($ in billions - Industrial orders)
Today
Saudi Arabia
++
$2.0 $2.2
Next
06
11
Turkey
13%
CAGR
Egypt
Libya
++
$0.4
Pakistan
12E
Gulf -a)
++
$3.3
$2.3
11
$1.4
12E
$0.8
06
11
12E
06
Iraq
12E
$1.0
06
++
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GE Global Investor Day
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9FB.05 GT
Aviation
GE90
Healthcare
Optima MR 450W largest installed base in Saudi
Radiology Information Systems (RIS) in Saudi & Egypt
Saudi MOH, Al Ilhilal & four 500-bed hospital deals
Optima MR 450W
RIS
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GE Global Investor Day
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CFM is a 50/50 Joint Venture between GE & Snecma Engine Alliance is a 50/50 joint venture between GE & Pratt & Whitney
Saudi healthcare
Orders growth
Focus
$0.2B
12E
Financial outlook
Industrial revenue *
06-11
11% CAGR
$8.3B
$8.6B
++
'10
'11
'12E
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Sub-Saharan Africa
Jay Ireland
31 years GE experience
Netherlands, US, Kenya
CAS, Plastics, IR, NBCU, Asset Mgmt
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GE Global Investor Day
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$1.8T/5.2%
821MM
~$45B
Industrial revenue *
GE footprint
# of sites:
Employees:
First entered:
22
~1,200
1898
9%
CAGR
$1.0B
'06
Nigeria
$1.6B
'11
GE
opportunities
~$60
~$3
+5GW
Rail expansion
~$90
~$8
Increase to 60GW
Aging loco replacement
South Africa
Development Plan
~$100
~$37
Rwanda 2020
~$10
$0.3
Ghana
~$12
~$2
+3GW
Rail expansion
+40GW
Rail expansion
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GE Global Investor Day
March 7, 2012
Last 10 years
Next
Angola
Indonesia
Cameroon
Ethiopia
Iraq
Egypt
Mozambique
Rwanda
Senegal
Zambia
Algeria
~17x
growth
$3.5B
~$0.2B
01
++
$0.1B
11
2011
YTD
11
Future Potential
GE product portfolio
Company to country
Stability
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Distributed power
Dynamics
Products
Aero
13 to 100 MW capability
Permanent and portable
West Africa:
~209MM
East Africa:
~171MM
Southern/Central
Africa:
~196MM
Gas Recips
1 to 4.5 MW capability
Aero
Units
Gas *
Units
Nigeria
29
73
Angola
19
Other
19
63
Diesel Recips
1.2 to 3MW capability
Harsh conditions
Approach
Quick deployment
Limited customization / development
Pre-financed
* Consists of Gas Recips
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Other opportunities
Healthcare
Transportation
Aviation
Transnet assembly
partnership 143 locos
Healthymagination as
a strategy
25-hospital development
programs (Nigeria,
Ghana, South Africa)
Significant opportunities
~$3B refurb, ~$4B
mining & urbanization
CFM is a 50/50 Joint Venture between GE & Snecma Engine Alliance is a 50/50 joint venture between GE & Pratt & Whitney
Financial outlook
Industrial revenue *
14%
$1.4B
$1.6B
++
'10
'11
'12E
Significant GE opportunity
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GE Global Investor Day
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GE Company Update
2012F
2012 drivers
Industrial
++
GE Capital
++
Corporate -a)
~Flat
Total operating
earnings
++
CFOA Industrial
$11-12B
Total revenues
(a- Excluding NBCU pretax gain $3.7B in 2011
0-5%
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GE Global Investor Day
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Healthcare
++
Aviation
++
$20.6
++
$5.7
'12E
'11
$4.1
'11
'12E
'11
Transportation
'11
H&BS
+
$1.9
'12E
++
$1.1
'12E
'11
'12E
Growth markets
Resource Rich
20-25%
Rising Asia
Developed
++
$24
10-15%
++
$20
'12E
'13F
'11
0-5%
'12E
'13F
$10
'11
'12E
'13F
'11
A&NZ
Canada
China
Europe
Japan
LatAm
MENAT
India
Korea
Germany
Russia/CIS
SS Africa
ASEAN
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GE Global Investor Day
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GE tomorrow
Industrial revenue profile *
Expansion continues
We are a local player
$93B
Growth
37%
Developed
22%
USA
++
50%
15%
41%
35%
Today
By ~2020
* Excluding NBCU
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Q&A