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September 2009 Investor Update Business highlights GE Technology page 2 Infrastructure GE Energy page 3 Infrastructure GE Capital Finance page 4 NBC Universal page 5 Film release schedule page 5 Citizenship, page 6 ecomagination SM and healthymagination GE Global Research page 6 Upcoming investor page 6 events Contact Trevor A. Schauenberg Vice President Corporate Investor Communications 3135 Easton Turnpike Fairfield, CT 06828 USA T 203 373 2424 F 203 373 2071 [email protected] September 3, 2009 To the Investment Community, I hope you had a great summer. General Electric Company announced on August 4, 2009 that it had reached a settlement with the United States Securities and Exchange Commission (SEC), without admitting or denying allegations of any wrongdoing, which concludes the SEC’s investigation of accounting issues at GE. This settlement relates to four accounting matters in 2002 and 2003. GE has previously corrected for the effects of these matters in its financial statements in SEC filings made between May 2005 and February 2008. No further corrections are required. Under the terms of the settlement, the Company consented to the entry of a judgment requiring it to pay a civil penalty of $50 million and to comply with the federal securities laws. Full Text Here As of the end of August, GE Capital has completed all long-term debt funding for 2009, while also pre-funding ~$26 billion in long-term debt for 2010. As of the end of the second quarter 2009, GE Capital had pre-funded $12 billion for 2010, as announced on our July 17 earnings call. As a reminder, we will be hosting a security analyst day on September 17 at the GE Global Research Center located in Niskayuna, New York. The meeting will showcase technology being developed at our Global Research Centers to help solve some of the world’s toughest challenges. The program will be hosted by Mark Little – Senior Vice President, GE Global Research. Please click here for information related to the event. Our next earnings call will be on October 16. We will host a webcast to discuss third quarter 2009 results. Please click here for information related to the event. For presentations, news and other helpful information please visit our investor web site at http://www.ge.com/investor. Please see “GE reports” to keep informed about the latest company developments. We will update it regularly to share information and our perspectives on GE activities around the world. Please visit our web site at http://www.gereports.com/. Regards,

September 2009 Investor Update - GE€¦ · • GE Transportation and EuroMaint Rail announced an alliance to collaborate on rolling stock services and technology for the rail industry

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Page 1: September 2009 Investor Update - GE€¦ · • GE Transportation and EuroMaint Rail announced an alliance to collaborate on rolling stock services and technology for the rail industry

September 2009Investor Update

Business highlights

GE Technology page 2 Infrastructure

GE Energy page 3 Infrastructure

GE Capital Finance page 4

NBC Universal page 5

Film release schedule page 5

Citizenship, page 6 ecomaginationsm and healthymagination

GE Global Research page 6

Upcoming investor page 6 events

Contact

Trevor A. Schauenberg Vice President Corporate Investor Communications

3135 Easton Turnpike Fairfield, CT 06828 USA

T 203 373 2424 F 203 373 2071 [email protected]

September 3, 2009

To the Investment Community,

I hope you had a great summer.

General Electric Company announced on August 4, 2009 that it had reached a settlement with the United States Securities and Exchange Commission (SEC), without admitting or denying allegations of any wrongdoing, which concludes the SEC’s investigation of accounting issues at GE. This settlement relates to four accounting matters in 2002 and 2003. GE has previously corrected for the effects of these matters in its financial statements in SEC filings made between May 2005 and February 2008. No further corrections are required. Under the terms of the settlement, the Company consented to the entry of a judgment requiring it to pay a civil penalty of $50 million and to comply with the federal securities laws. Full Text Here

As of the end of August, GE Capital has completed all long-term debt funding for 2009, while also pre-funding ~$26 billion in long-term debt for 2010. As of the end of the second quarter 2009, GE Capital had pre-funded $12 billion for 2010, as announced on our July 17 earnings call.

As a reminder, we will be hosting a security analyst day on September 17 at the GE Global Research Center located in Niskayuna, New York. The meeting will showcase technology being developed at our Global Research Centers to help solve some of the world’s toughest challenges. The program will be hosted by Mark Little – Senior Vice President, GE Global Research. Please click here for information related to the event.

Our next earnings call will be on October 16. We will host a webcast to discuss third quarter 2009 results. Please click here for information related to the event.

For presentations, news and other helpful information please visit our investor web site at http://www.ge.com/investor.

Please see “GE reports” to keep informed about the latest company developments. We will update it regularly to share information and our perspectives on GE activities around the world. Please visit our web site at http://www.gereports.com/.

Regards,

Page 2: September 2009 Investor Update - GE€¦ · • GE Transportation and EuroMaint Rail announced an alliance to collaborate on rolling stock services and technology for the rail industry

GE Aviation announced entering into a Cooperative Research and Development •Agreement with the Federal Aviation Administration. The government-GE Aviation collaboration will provide a variety of operational and technical assessments to support integration of Unmanned Aircraft Systems (UAS) into the National Airspace Systems including the assessment of Next Generation (NextGen) Trajectory-Based Operations. Full Text Here

The Senographe• ® DS digital mammography system has been ranked as the #1 digital mammography system in the 2009 Top 20 Best in KLAS® Awards for Medical Equipment in the Digital Mammography category. Utah-based KLAS is an independent organization that surveys healthcare provider information in regard to healthcare products and services. Full Text Here

GE Drivetrain Technologies, a unit of GE Transportation, and Chongqing XinXing •Fengneng Investment Co., Ltd. announced the formation of a joint venture company to produce large diameter gears for the wind turbine industry. Chongqing XinXing Gear Co., Ltd. builds on 16 years of gear manufacturing experience in the automotive and motorcycle industries through its subsidiary company, Chongqing Xinxing Fengneng Co., Ltd., while GE Drivetrain Technologies has provided drive train components to the wind turbine industry since 2004. Under the terms of the joint venture, Chongqing XinXing Fengneng will be the majority owner, and the gears will be produced in a new manufacturing facility in Chongqing, China. Full Text Here

GE Transportation and EuroMaint Rail announced an alliance to collaborate on •rolling stock services and technology for the rail industry that will provide European rail customers with an unprecedented level of service capabilities. In addition to providing service for existing fleets, the alliance also will provide a strong regional service network for GE’s new European PowerHaul® Locomotive. The PowerHaul Locomotive is projected to cut fuel use by up to 9% compared to current operating fleet averages. GE will deliver the first PowerHaul Locomotives in the fourth quarter of this year to Freightliner Group Ltd. in the United Kingdom. Full Text Here

GE Security announced that its Homeland Protection Business is executing delivery •on a contract worth up to $13.5 million for MobileTrace handheld contraband detection systems. MobileTrace incorporates GE’s patented ITMS® (Ion Trap Mobility Spectrometry), or trace technology, into a highly portable device. ITMS explosives and narcotics detection sensitivity and reliability have already been proven in other GE Security trace-based products at military bases, border crossings, airports and other critical security checkpoints around the world. Full Text Here

GE and FANUC announced on August 17 that the two companies have agreed to •dissolve the GE Fanuc Automation Corporation joint venture. This agreement would allow each company to refocus its investments to grow its existing businesses and pursue its respective core industry expertise. GE and FANUC expect the transaction to be completed by the end of this year, subject to satisfactory customary closing conditions. GE will continue global investment in industrial automation and process control systems, software solutions and embedded computing. Full Text Here

GE Technology Infrastructure

September 2009 Investor Update 2

Page 3: September 2009 Investor Update - GE€¦ · • GE Transportation and EuroMaint Rail announced an alliance to collaborate on rolling stock services and technology for the rail industry

GE Energy Infrastructure

September 2009 Investor Update 3

GE Energy has signed a $115 million, long-term service agreement with Fujian •Jinjiang Gas Power Co. Ltd. that helps address the need for reliable and efficient power generation to support the rapid economic growth of Fujian Province in southeastern China. The nine-year agreement covers four Frame 9FA gas turbines at the Fujian Jinjiang plant, located on the coast of Taiwan Strait. The scope of GE’s service agreement with Fujian Jinjiang will include parts, services, repairs and training and will cover one major inspection period for the gas turbines. The agreement helps to ensure that the power plant will continue to meet its efficiency goals, making it one of the most efficient power stations in China. Full Text Here

GE Energy has signed a multi-year service contract for more than US$45 million •with Dubai Aluminium Company Limited (DUBAL), one of the world’s largest producers of premium quality aluminum. The agreement is designed to reduce the cost of aluminum production while maximizing the reliability and overall performance of 19 GE gas turbines that power the DUBAL production complex. The agreement covers the supply of parts, performance uprates, repairs and field services for planned outages for the gas turbines, over a period of seven years. It further reiterates the leading role that GE Energy plays in the industrial sector of the U.A.E. and the strong partnerships the company has forged with leading players across various economic sectors. Full Text Here

GE Energy held a groundbreaking ceremony to announce the start of •construction for GE’s new Power Technology Center in the Kaluga Region of Russia, 180 kilometers southwest of Moscow. The technology center further expands GE’s in-country capabilities to deliver its products and services to customers across Russia and the Commonwealth of Independent States (CIS) that are pushing to modernize their energy assets. GE’s initial investment in the Kaluga center is US$30 million, but that figure is expected to grow to $50 million by the time the facility is commissioned in late 2010. Full Text Here

GE Oil & Gas announced that it has designed unique gas turbine generators •that can operate in temperatures up to -60ºC for a power plant project at the Vankor oil field (Turukhansky district, Krasnoyarsk region) owned by Rosneft oil company. The 210 MWt gas turbine power station at the Vankor oil field will become the only complete source of power and heat used for life support and oil and gas production, as well as part of the first stage of the oil field’s launch into operation. As part of its continuing cooperation with Rosneft, GE Oil & Gas is supplying eight gas turbine generators based on MS5001PA gas turbines. To ensure reliable operation of the equipment in extreme climatic conditions, GE Oil & Gas has developed a special turbine design and used automated heating systems to transport and store the equipment on the site. Full Text Here

Page 4: September 2009 Investor Update - GE€¦ · • GE Transportation and EuroMaint Rail announced an alliance to collaborate on rolling stock services and technology for the rail industry

GE Capital Finance

September 2009 Investor Update 4

GE Capital announced it led a $316 million accounts receivable securitization •facility for SunGard Data Systems Inc., one of the world’s leading software and information technology services companies. The loan will be used for working capital needs. GE Capital Markets was sole lead arranger on the transaction. The financing is structured as an asset-based loan secured by certain trade accounts receivables. The facility may be increased to $500 million, subject to certain conditions. Full Text Here

GE Capital, Restructuring Finance announced it led a $197 million revolving •credit facility as part of a $242 million plan of reorganization financing for Spectrum Brands, a global consumer products company. The loan refinances an existing debtor-in-possession facility, and supports Spectrum’s exit from bankruptcy and their ongoing working capital needs. GE Capital Markets served as joint-lead arranger on the revolver. GE also provided interest rate risk management products and services. Full Text Here

GE Capital, Corporate Finance announced it provided $150 million as part of •a $1 billion revolving asset-based credit facility for Smithfield Foods, Inc., the world’s largest pork processor and hog producer. As previously announced by Smithfield Foods, the loan is a part of the company’s ongoing debt restructuring efforts. GE Capital Markets served as joint-bookrunner. Full Text Here

GE Capital, Corporate Finance announced it provided a $50 million plan of •reorganization credit facility to Sportsman’s Warehouse, an outdoor sporting goods retailer. The loan was used upon the company’s recent emergence from Chapter 11 to refinance the $85 million debtor-in-possession financing GE Capital provided the company in March. Based in Midvale, Utah, Sportsman’s Warehouse sells equipment, apparel, footwear and accessories for hunting, fishing and camping. Full Text Here

GE Money and ABC Warehouse, a leading consumer electronics and •appliance retailer, announced a multi-year agreement to provide consumer financing through the company’s store locations and online stores. The new private label credit program, launched July 1, is backed by GE Money’s Sales Finance unit and provides flexible financing promotions and extended terms, including no-interest periods of up to 12 to 18 months. ABC Appliance stores include ABC Warehouse, Hawthorne Appliance, U.S. Appliance.com and Mickey Shorr, a mobile electronics retailer. The company has more than 58 stores in Michigan, Ohio and Indiana. Full Text Here

Page 5: September 2009 Investor Update - GE€¦ · • GE Transportation and EuroMaint Rail announced an alliance to collaborate on rolling stock services and technology for the rail industry

Universal Pictures and The Weinstein Company’s co-production of “Inglourious Basterds,” directed by •Quentin Tarantino and starring Brad Pitt, was the No. 1 film in the world for the weekend of August 21-23. The film grossed over $37 million at the domestic box office and over $27 million internationally in the 22 countries where it opened.

The National Football League and NBC Sports announced a two-year extension of their broadcast •partnership under which NBC will remain the home of “Sunday Night Football” for the 2012 and 2013 seasons. As with the original agreement, NBC will broadcast 16 regular season “Sunday Night Football” games, each season’s “NFL Opening Kickoff” Thursday night primetime game, both Wild Card Saturday games and preseason games in primetime. Full Text Here

USA Gymnastics has extended its partnership with NBC Sports for broadcast television coverage •through 2012. In addition, USA Gymnastics has named Universal Sports as its official cable and digital media partner for this quadrennium. Full Text Here

MSNBC Interactive News LLC has acquired Chicago-based EveryBlock, a ground-breaking site that has •pioneered the local news space by offering news and information down to the neighborhood block level in 15 cities. The acquisition answers the growing consumer demand for more local news, underscores msnbc.com’s commitment to innovative newsgathering and advances the site’s unique ability to deliver a fuller spectrum of news. EveryBlock, which will continue as an independent brand, offers msnbc.com’s highly engaged “news explorers” another avenue to discover perspectives on local news, entertainment and information. Full Text Here

Telemundo and Billboard teamed up to launch the ultimate online destination for Latin music lovers, •accessible at both www.billboardenespanol.com and Telemundo.com’s music tab. The official site of Billboard en Español, which is already available for fans, provides unlimited and exclusive access to both Latin and non-Latin music. Powered by Telemundo.com, the music site, which reaches 1.8 million users, features interactive web tools, such as reader polls and forums, allowing visitors the ability to comment on every single piece of content, and share the content with their friends. Full Text Here

Ratings highlights:

8.7 million viewers watched • Rumbo al Mundial: Mexico vs. USA World Cup Qualifying soccer match on the family of Telemundo networks. The match, which aired on Wednesday, August 12, was the best-ever delivery for Rumbo al Mundial and the highest rated telecast in the history of Telemundo, averaging more Adults 18-49 than any program in network history. Full Text Here

Bravo posted another record setting week (week of 8/17/09) fueled by the premieres of its hit series “Top •Chef” and “Flipping Out,” the finales of “Top Chef Masters” and “Miami Social,” the topical series “Watch What Happens: Live” and the fourth episode of “The Real Housewives of Atlanta,” in Prime with its highest delivering week ever in all demographics, according to Nielsen Media Research. This was Bravo’s best week ever among adults 18-49 (616,000 viewers) and total viewers (952,000), and the second consecutive week of record numbers among total viewers. Full Text Here

NBC’s “The Tonight Show with Conan O’Brien” has won the week of August 10-14 over all broadcast •and cable competition in the key late-night ratings category of adults 18-49. Conan has now ranked #1 in 18-49 versus “Late Show with David Letterman” on 50 of 50 nights since his June 1 debut (includes one tie, excludes the week of June 29-July 3, when “Tonight” was re-titled due to delays for Wimbledon coverage). Conan has won every week thus far in 18-49 versus “Late Show” by margins of 29 percent or more (excludes Wimbledon week). Full Text Here

Upcoming filmsSeptember 18: • Love Happens (Aaron Eckhart, Jennifer Aniston)October 9: • Couples Retreat (Vincent Vaughn)

NBC Universal

September 2009 Investor Update 5

Page 6: September 2009 Investor Update - GE€¦ · • GE Transportation and EuroMaint Rail announced an alliance to collaborate on rolling stock services and technology for the rail industry

Citizenship, ecomagination and healthymagination

For the 15th year running, GE Healthcare employees in the Milwaukee-•area participated in what is the largest, single-day GE volunteering event in the world by helping 15 Milwaukee Public Schools and 5 Waukesha Public Schools get ready for the new school year. Over 2,500 volunteers from local GE businesses worked with nearly 600 MPS and WPS staff members to help paint, clean, organize and provide landscaping for local schools. Full Text Here

Our video series shot on the ground in Africa this summer has chronicled the •often-difficult task of getting critical healthcare equipment to conflict and poverty-stricken communities in Chad. GE’s medical equipment — which was successfully delivered to three targeted hospitals — is helping to provide care to nearly 200,000 people, including 30,000 refugees from Darfur. In 2008, GE and the GE Foundation donated $1.2 million to address the Darfur crisis, which has displaced thousands of people internally — and into neighboring Chad and Central African Republic. Full Text Here

GE Healthcare and Moffitt Cancer Center announced an alliance aimed to •optimize efficiency and care capacity, and in less than eight months, Moffitt has added capacity for 900 new cancer procedures and additional operating margin. This partnership has resulted in improved surgical processes, including predictable scheduling, on-time starts, and increasing room turnover. Without added operating rooms or hours, the Center was able to free capacity of 900 patients and sustains improvements. Full text here

GE Global ResearchGE, in partnership with the Shanghai government, announced that it has developed a research tool to detect China’s •most deadly occupational health disease, pneumoconiosis. The new computer aided detection (CAD) technology was approved by the Shanghai government and will allow it to be further tested at a local hospital in China. Full Text Here

Upcoming investor events (subject to changes)Sept 17*: GE Global Research Security Analyst Meeting •

Oct 16*: GE 3rd Quarter 2009 Earnings Webcast•

*Meeting will be webcast. Webcast replays are retained on our web site for 14 days. Podcasts are also available by accessing the following link: http://www.ge.com/rss/investor.xml

September 2009 Investor Update 6