Upload
others
View
1
Download
0
Embed Size (px)
Citation preview
Imagination at work
Caution Concerning Forward-Looking Statements: This document contains "forward-looking statements" – that is, statements related to future events that by their nature address matters that are, to different degrees, uncertain. For details on the uncertainties that may cause our actual future results to be materially different than those expressed in our forward-looking statements, see http://www.ge.com/investor-relations/disclaimer-caution-concerning-forward-looking-statements as well as our annual reports on Form 10-K and quarterly reports on Form 10-Q. We do not undertake to update our forward-looking statements. This document also includes certain forward-looking projected financial information that is based on current estimates and forecasts. Actual results could differ materially.
Non-GAAP Financial Measures:In this document, we sometimes use information derived from consolidated financial data but not presented in our financial statements prepared in accordance with U.S. generally accepted accounting principles (GAAP). Certain of these data are considered “non-GAAP financial measures” under the U.S. Securities and Exchange Commission rules. These non-GAAP financial measures supplement our GAAP disclosures and should not be considered an alternative to the GAAP measure. The reasons we use these non-GAAP financial measures and the reconciliations to their most directly comparable GAAP financial measures are posted to the investor relations section of our website at www.ge.com.
General Electric Capital Corporation (GECC) has been merged into GE and our financial services business is now operated by GE Capital Global Holdings LLC (GECGH). In this document, we refer to GECC and GECGH as “GE Capital”. We refer to the industrial businesses of the Company including GE Capital on an equity basis as “GE”. “GE (ex-GE Capital)” and /or “Industrial” refer to GE excluding GE Capital. Our financial services segment previously referred to as GE Capital is now referred to as Capital. GE’s Investor Relations website at www.ge.com/investor and our corporate blog at www.gereports.com, as well as GE’s Facebook page and Twitter accounts, contain a significant amount of information about GE, including financial and other information for investors. GE encourages investors to visit these websites from time to time, as information is updated and new information is posted.
Technology Leadership Shaping a Digital Industrial Company
Vic Abate, June 14
2© 2016, General Electric Company. All Rights Reserved.
SEE the futureMOVE the futureCREATE the future
Our job atGlobal Research
A high tech infrastructure company … Technology +
GE launches firstIndustrial lab in 1900
3© 2016, General Electric Company. All Rights Reserved.History of differentiation with technology
Local R&D talentDelivering global impact
1999 2004 20112009 2012 201320102000 2015
15 YEARS OF GLOBALIZATION
• Tradition of Innovation established in 1900
• 2,700 patents in both ’14 and ‘15
• ~100,000+ visitors a year globally
• Learning culture - technical forums
• 3,000+ PhDs, engineers and scientists
NISKAYUNA, NY
© 2016, General Electric Company. All Rights Reserved.© 2016, General Electric Company. All Rights Reserved.
4
GERMANY SAN RAMON
DETROIT ISRAEL OKLAHOMABRAZILCHINASAUDI
ARABIAINDIA
Positioned to lead and deliver for the future
© 2016, General Electric Company. All Rights Reserved.
9 Ideas9 Expertise9 Speed9 Scale
HEALTHCARE
TRANSPORTATION
AVIATION
POWER
ENERGYCONNECTIONS
RENEWABLE ENERGY
OIL & GAS
GLOBALRESEARCH
CENTER
GLOBALGROWTH
ORGANIZATION
DIGITAL
CULTURE &SIMPLIFICATION
Our unique advantage
Leaning into The GE Store
CURRENT
5
LEAP
HA gas turbine
Tier 4
PET/MR
Predix
GRC Delivered
• 15% lower fuel burn• 10,500 orders & commitments
• Additive fuel nozzle• Next gen blade• CMC Shrouds
• 60+% Efficiency, +25 GT MW’s• 24 unit orders backlog
• Advanced blade cooling• Micromixer / Combustion• Advanced coatings
• 75%+ NOx reduction• 1355 Evolution orders
• Combustion optimization with simulation
• Sensors & controls
• Best in class PET/MR• Light weight, low He MR
• Closed cryogen magnet• Molded coils• Silicon photomultipliers
• Up to 14% fuel efficiency gainfor railroads
• Trip Optimizer
Value to GE
Global ResearchDriving better GE businesses…
6© 2016, General Electric Company. All Rights Reserved.… through better products and services
Solar inverter, LED driver, wind converter, MRI, UPS, Off Highway Vehicle
100Ceramic Matrix Composites
1$
InvestmentSince 1986
B $148BLEAP
$29BGEnx
Silicon Carbide
$
InvestmentSince 2006
$3BMM
Current | EC | Healthcare Transportation | Aviation
The power of The GE Store
© 2016, General Electric Company. All Rights Reserved.
Revenue potentialacross GE in 2020
- LED
- MRI
- UPS
7
Next Gen HA gas turbine
Orders to date
- Solar inverter
- Wind converter
- Off Highway Vehicle
&
Aviation | Power
Technology transcending the company
Combustor• Additive manufacturing
• Maintenance inspection
• Combustion dynamics& emissions technology
Advanced materials, coatings, & cooling technologies• Thermal barrier coatings
• Single-crystal alloys
• Ceramic Matrix Composites
• Analytical tools
Compressor• Large scale airfoil aerodynamics
• Field-replaceable blades
• Multiple-stage inlet control
Product cost• Should-cost process & derivatives
• PO variance report
• “Positioning for Growth” supplier summits
Aviation GE Oil & Gas GE Global ResearchCorporate…Audit Staff, etc.
PERFORMANCE &FULFILLMENT SPEED
PERFORMANCE &AVAILABILITY
PERFORMANCE & LIFE
PROFITABILITY &COMPETITIVENESS
8
GE Store at work…HA Turbine
© 2016, General Electric Company. All Rights Reserved.Delivering world-leading products in half the time
Additive technologies
Materials: Additive Materials Lab… writing the recipe book
© 2016, General Electric Company. All Rights Reserved.9
GE Aviation Additive FacilityAuburn, AL
Additive Dev CenterEvandale, OH
GE Power Advanced Manufacturing FacilityGreenville, SC
GE Center forAdditive Technology AdvancementPittsburgh, PA
Transforming manufacturing to deliver better performance at lower cost
CFM’s LEAP Engine First engine with 3D-printed fuel nozzles
PowerNew combustion parts
Healthcare3D printing for Ultrasound probes
Design: 65 parts to 1, faster machines, enable larger parts
Software: Virtual inventory, Predix, 3MF Consortium… Standard file formats
Build Scale Innovate
GRC Next Chapters… Technology +Launched three new interdisciplinary labs
EFFICIENT capital deployment
EXPAND product margins
Drive sustained DIFFERENTIATION
Product Break-Outs
Product Management
as Science
Variable Cost Productivity
• Connect technology to customer value• Understand physics and business
models across entire life cycle
• Disciplined, company-wide approach• Find efficiencies in supply chain
• Science based product differentiation• Step function shift in competitiveness
10© 2016, General Electric Company. All Rights Reserved.Physics + business models… More efficient, faster tech adoption
Collection to Consumption
ENERGY
Quality of Life
Origin to Destination
Tons x kmPassenger x km Speed
Patient outcomes
BTUs harvested
Electrons delivered
Mass moved
Years of quality life
$5T $4T $10TTRANSPORTATION HEALTHCARE
11© 2016, General Electric Company. All Rights Reserved.
At the intersection of markets & technologiesBuilding industrial ecosystem models
Identify opportunities for growth and disruption
• Enable the digital economy
• See – Think - Do
• Software defined
• Differentiator for the Industrial Internet
Industrial brainsDigitize manufacturingIndustrial Killer App
• Optimize operations
• Digital thread
• 1% increase in productivity = $500 MM savings for GE’s manufacturing operations
DIGITAL TWIN CONTROLSBRILLIANT FACTORY
• Optimize asset performance
• Analytics + Predix = Value
• Virtual model for every physical asset
Defining GE’s digital industrial futurePhysical + Digital
12© 2016, General Electric Company. All Rights Reserved.Powered by PREDIX – across all GE businesses
Better Businesses
Better GE Store
Better GRC
• Best practices• Leverage expertise• Drive disruption• Capital efficient
R&D
• Accelerate technology adoption
• Product differentiation
• Expand service offerings
• Local talent, global impact
• Physical + Digital advantage
• Learning culture, and external network
13© 2016, General Electric Company. All Rights Reserved.
Global ResearchDriving key outcomes for GE’s future
See, move, create the future
14