Ge Investor Communications Brochure 1q2008

7/30/2019 Ge Investor Communications Brochure 1q2008

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Financial Update

Investor

Inormation

Ticker SymbolGE

ExchangenySE

P/E ~14

Dividend Yield3.9%

Market Cap $320B

Shares O/S 10B

Perormance HighlightsDemand or our global Inrastructure business remained strong, butour nancial services businesses were challenged by a slowing U.S.economy and dicult capital markets. While we are disappointedwith our results, the undamentals o our businesses are strong.

Inrastructure had a solid quarter, growing revenues 23% andearnings 17%. Oil & Gas, Energy, Transportation, and Aviation allgenerated double-digit prot growth with no signs o slowing.Inrastructure orders increased 12%, and we added more than $3billion in backlog since last quarter.

Our ocus on globalization has helped sustain the Company duringthe U.S. slowdown. Global revenues grew 22%, with strength in

virtually every business. Developing country growth was 38%, and14% in developed countries outside the U.S.

Je Immelt, Chairman & CEO

08 idiced divided icresed $1.24;32d csecuive u icrese

Upded

apri 11, 2008

1Q08

Erigs Per Shre fr Ciuig operis

(in dollars)16% aaGR Dw 8%

Growth (V%)

Orders +8%

Revenues +8%

Assets +20%

EPS (V%)

(8)% to $.44 (Cont. Ops)

(2)% to $.43 (Net Earnings)

Returns

ROTC at 18.1%

Margins

Segment op. prot (70) bps. to 14.6%

Cash

Cash generation (CFOA) YTD cash fow o $4.9B

Industrial cash fow o $3.7B, +8%

Key perormance metrics

Divideds Pid Per Shre(in dollars)

13% aaGR Up 11%

Csided Reveues (Ciuig operis)(in billions)

12% aaGR Up 8%


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Todays interdependent global economy iscreating new opportunities or growth and the corresponding challenges o man-aging that growth responsibly. In bothinstances, GEs size is an advantage. GE isleveraging its size to make a big impact in

the ollowing areas:Ecgii accelerating the devel-opment, marketing and visibility o productsthat will help our customers meet pressingenvironmental issues across a variety oindustries. We have also set ambitioustargets or reducing the emission o green-house gases and increasing the energyeciency o our operations.

Delivering on ecomagination The com-panys second report on how GE is deliver-ing on its environmental commitmentscan be viewed and downloaded on line athttp://ge.ecomagination.com/site/down-

loads/news/2006ecoreport.pd

Eergig mrkes a vital part o GEsgrowth strategy in the years ahead but tobe successul we must integrate citizenshiprom day one, solve big needs and createvalue or local communities.

Nearly 60% o our growth will come romdeveloping countries in the next decade.

Emerging markets will represent ~25% oglobal talent by 2010.

Cpice & Gverce our compli-ance systems have brought all our businessleaders into the process not just ournance and legal stas. Maintaining highstandards o compliance and governancesupports a high perormance, high integrity

culture. Named Top Corporate Perormer - GlobalGovernance by One World Trust.

Evire, Heh & Sfe ourEHS management system is designed toestablish global standards and to promotebusiness leadership, responsibility andaccountability or perormance. GE doesthis by providing our employees with theinormation and training they need tomeet GEs EHS expectations and maintainthe monitoring systems to ensure we meetthese expectations everywhere we oper-ate, including emerging markets.

Investing in a sustainable uture Thecompanys third citizenship report on howGE uses its capabilities to help address someo the worlds most pressing needs can beviewed and downloaded online atwww.ge.com/citizenship .

Solving Big Needs

our

Cribuis

GE invested morethan $1 bii oncleaner technologyR&D or 2007,drawing closer toits pledge to invest$1.5 bii annuallyon ecomaginationSMR&D by 2010

The GE amilycontributed $215+ii and gavemore than eii volunteerhours worldwide

GE employees andretirees serve asmentors, tutors,helpers, buildersand riends. Everyyear, we completemore than 1,000service prjecs

A Good Company

Its up to us to use our platorm to be a

good citizen, because not only is it a nicething to do, its a business imperative. Je Immelt

Recognitions

#1 Gb msadired Cp1998, 1999, 2000, 2001,2002, 2005, 2006, 2007Fortune Magazine

2007 Wrds msEhic CpEthisphere Magazine

Wrds msRespeced Cpies2005, 2006, 2007Barrons

2007 #1 Cp frledersFortune Magazine

Wrds msRespeced Cp1998, 1999, 2000, 2001,2002, 2003, 2004, 2005Financial Times

100 Bes Cpiesfr Wrkig mhers2004, 2005, 2006, 2007Working Mother

Her f heEvireTime Magazine

Eerg Sr Prer fhe yer2004, 2005, 2006,2007, 2008EPA/DOE

tp CrprePerfrer GbGverceOne World Trust

2007 KlD GbCie 100 Idexor environmentaltechnology leadership

#1 US CieCscius BrdThe Climate Group

2005, 2006, 2007, 2008IR Magazine AwardGrand Prix or bestoverall investorrelations

2006, 2007, 2008IR Magazine AwardBest CorporateGovernance

2006 tp 40 DiverseCpiesBlack EnterpriseMagazine

2006 oSHa ledershipawrdor commitment tohealth and saety

tripe-a Red1 o 5 US industrialcompanies with aAAA-rated balancesheet

2004, 2005, 2006, 2007, 2008

Dw Jes Susibii Idex

or global citizenship
http://ge.ecomagination.com/site/downloads/news/2006ecoreport.pdfhttp://ge.ecomagination.com/site/downloads/news/2006ecoreport.pdfhttp://www.ge.com/citizenshiphttp://www.ge.com/citizenshiphttp://ge.ecomagination.com/site/downloads/news/2006ecoreport.pdfhttp://ge.ecomagination.com/site/downloads/news/2006ecoreport.pdf


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GE Ifrsrucure

GE Inrastructure is one o the worlds leading

providers o undamental technologies to

developed, developing and emerging

countries, including aircrat engine, energy,

oil and gas, rail and water process technolo-

gies and services. GE Inrastructure also

provides aviation and energy leasing and

nancing services.

GE me

GE Money is a leading provider o credit

services to consumers, retailers and auto

dealers in countries around the world,

oering nancial products such as private

label credit cards, personal loans, bank cards,

auto loans and leases, mortgages, corporate

travel and purchasing cards, debt consolida-

tion and home equity loans and credit

insurance.

GE Hehcre

GE Healthcare is a leader in the develop-

ment o a new paradigm o patient care. GEHealthcares expertise in medical imaging

and inormation technologies, medical

diagnostics, patient monitoring systems,

disease research, drug discovery and

biopharmaceutical manuacturing technolo-

gies is dedicated to detecting disease earlier

and helping physicians tailor treatment or

individual patients.

GE Cerci Fice

GE Commercial Finance oers an array o

services and products aimed at enabling

business worldwide to grow. GE Commercial

Finance provides loans, operating leases,

nancing programs, and other services.

nBC Uivers

NBC Universal is one o the worlds leadingmedia and entertainment companies in the

development, production and marketing o

entertainment, news and inormation to a

global audience.

GE Idusri

GE Industrial provides a broad range o

products and services throughout the world,including appliances, lighting and industrial

products; actory automation systems;

security and sensors technology, and

equipment nancing, management and

operating services

Our Businesses

Growth

Initiatives

GEs gbreveue grew 22%to $22B in 1Q08

GEs servicesreveue grew 12%to $8B in 1Q08

Reveue frecgiiexpeced grwrom $6B in 2004 to~$25B in 2010


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In light o what we have seen in the rst quarter, we have revised our earnings outlook or the ull year toprotect investors by refecting a slower economy and assuming capital markets remain challenging. Weare lowering our ull-year EPS guidance to $2.202.30 rom continuing operations or growth o 05%. Asa part o this guidance, we expect our industrial earnings to grow 1015% and nancial services earningsto decline 510%. This range encompasses any portolio actions we have announced. Consistent with this

range, our second quarter 2008 guidance is $.53.55 EPS.

Je Immelt, Chairman & CEO

Cc

Ifri

Geer Eecric

Cp

3135 Easton Turnpike

Faireld, Connecticut

06828

GE Investor

Communications

T 203.373.2468

F 203.373.2071

www.ge.c/ivesr

1Q08 Segment Perormance (Continuing Operations)

Reveue Sege Prfi -)

($ in millions) $ V% $ V%

Inrastructure $14,960 23% $2,588 17%

Commercial Finance 8,566 7 1,158 (20)

GE Money 6,377 7 995 (19)

Healthcare 3,887 528 (17)

NBC Universal 3,584 3 712 3

Industrial 4,110 1 300 (16)

Corp. eliminations, taxes & inl charges 759 (1,920)

total ComPany $42,243 8% $4,361 (12)%

(- Fici Service busiesses fer-x bsis

2008 Earnings Guidance

EPS $2.202.30 05%

This document contains orward-looking statements that is, statements related to uture, not past , events. In this context,orward-looking statements oten address our expected uture business and inancial perormance, and oten contain words suchas expects, anticipates, intends, plans, believes, seeks, or will. Forward-looking statements by their nature addressmatters that are, to dierent degrees, uncertain. For us, particular uncertainties which could adversely or positively aect ouruture results include: the behavior o inancial markets, including luctuations in interest rates and commodity prices; strategicactions, including dispositions; uture integration o acquired businesses; uture inancial perormance o major industries whichwe serve, including, without limitation, the air and rail transportation, energy generation, media, real estate and healthcareindustries; unanticipated loss development in our insurance businesses; and numerous other matters o national, regional andglobal scale, including those o a political, economic, business, competitive and regulatory nature. These uncertainties may causeour actual uture results to be materially dierent than those expressed in our orward-looking statements. We do not undertaketo update our orward-looking statements.

t Cp

2Q08 ouk

($ in billions except EPS)

$ V%

Revenues ~$45 ~6%Earnings $5.35.5 ~(5)%

EPS $.53.55 (2)2%

Continuing Ops basis

20080043-3

Documents

Ge Investor Communications Brochure 1q2008