GE first quarter ’10 supplemental information • • • • • • • • • • • • • • • GE Capital segment results GE Capital segment assets GE Capital non-earnings/write-offs GECS funding GECC debt/equity ratio GECS debt/equity ratio GECC Tier 1 Common ratio estimate GECS Tier 1 Common ratio estimate GE Capital Ending Net Investment GE Capital non-earning exposure walk Industrial CFOA from continuing operations Effective tax rate GE (ex. GECS) Segment reorganization – 1/1/10 NBCU results ex. Olympics Operating profit % ex. Olympics GE Capital segment results ($ in millions – net earnings) 1Q’10 1Q’09 V% CLL $232 $238 (3)% Real Estate (403) (173) U Consumer 593 737 (20) GECAS 317 261 21 EFS 153 75 F Corporate & elims. (285) (109) U $607 $1,029 GE Capital continuing operations (41)% Preliminary 2010 first quarter results/2 GE Capital segment assets ($ in billions) 1Q’10 1Q’09 $212.8 $228.1 Real Estate 82.6 81.9 1 Consumer 173.8 162.5 7 GECAS 48.5 47.1 3 EFS 22.9 22.6 1 Corporate & elims. 76.6 67.9 13 $617.2 $610.0 CLL GE Capital – continuing operations V% (7)% 1% Preliminary 2010 first quarter results/3 GE Capital non-earnings/write-offs ($ in millions) Non-earning assets/non-earnings % fin. rec. Total write-offs/write-offs % fin. rec. 1Q’10 4Q’09 1Q’09 $4,829 3.18% $5,196 3.58% $3,574 2.22% 1,748 3.67 1,252 2.79 554 1.22 Real Estate GECAS 77 0.61 153 1.15 191 1.45 GECAS EFS 80 1.01 78 1.01 241 2.88 EFS 6,803 4.75 6,504 4.94 5,428 4.24 100 4.10 72 2.74 62 1.60 CLL Real Estate Consumer Corporate & elims. GE Capital $13,637 3.73% $13,255 3.84% $10,049 2.79% 1Q’10 CLL Consumer Corporate & elims. GE Capital 4Q’09 $425 1.15% 1Q’09 $505 1.36% $276 0.68% 188 1.63 72 0.64 9 0.07 71 2.20 16 0.48 – – – – 67 3.30 – – 1,719 5.00 1,267 3.81 1,274 3.80 2 0.34 2 0.34 9 0.90 $2,405 2.71% $1,929 2.20% $1,567 1.70% Preliminary 2010 first quarter results/4 GECS funding ($ in billions) Unsecured term issuances Debt composition Non-recourse consol. Securitization LT debt - TLGP $493 5 37 $500 3 60 $507-a) 37 59 ’09 TLGP pre-funding 13 $84 Early funding of ’10 maturities $70 Early funding of ’11 maturities 38 71 LT debt nonguaranteed 341 325 300 '08 32 $8 '09 '10E Highlights Alternative funding/others-b) 52 65 Comm’l paper 58 Bank lines CP coverage Cash & equiv. LT debt<1 yr. 47 65 46 • Plan to issue ~$20-$25B LT debt in ’10 to prefund 50%+ of ’11 LTD plan … ~$8B completed … ~37% of the issuances in 4 non-US currencies 1Q'09 4Q'09 1Q'10 $58 100%+ $45 $79 $52 100%+ $64 $70 $52 100%+ $60 $65 • Higher debt balance due to ~$34B FAS 167 debt consolidation on balance sheet offset by business ENI/cash reduction and FX impact (a- Includes ~$(6)B 1Q’10 QTD FX impact offset by ~$1B FAS 133 impact (b- Includes GE-GECS inter-company loan (~$1B in 1Q’10,~$2B in 4Q’09, ~$1B in 1Q’09) • 40% of Hybrids converted to Tier 1 Capital • Liquidity remains strong Preliminary 2010 first quarter results/5 GECC debt/equity ratio ($ in billions) As reported Debt Shareowner’s equity–a) Book leverage (debt/equity) Debt Subtract: hybrids from debt Subtract: cash & equiv. from debt Adjusted book debt Shareowner’s equity–a) Add: hybrids to equity Adjusted book equity Adjusted leverage 4Q’08 4Q’09 1Q’10 1Q’10 ex. FAS 167–b) $512.2 58.2 $497.5 73.7 $501.7 71.6 $463.5 73.2 8.8 6.7 7.0 6.3 512.2 (7.7) (36.4) 468.1 497.5 (7.7) (63.7) 426.1 501.7 (7.7) (59.6) 434.4 463.5 (7.7) (59.6) 396.2 58.2 7.7 65.9 73.7 7.7 81.4 71.6 7.7 79.3 73.2 7.7 80.9 7.1 5.2 5.5 4.9 (a- Total equity ex. noncontrolling interests (b- Adjusted for 1/1 impact of FAS 167 Preliminary 2010 first quarter results/6 GECS debt/equity ratio ($ in billions) As reported Debt Shareowner’s equity–a) Book leverage (debt/equity) Debt Subtract: hybrids from debt Subtract: cash & equiv. from debt Adjusted book debt Shareowner’s equity–a) Add: hybrids to equity Adjusted book equity Adjusted leverage 4Q’08 4Q’09 1Q’10 $514.6 53.3 $500.3 70.8 $506.6 68.5 9.6 7.1 7.4 514.6 (7.7) (37.5) 469.4 500.3 (7.7) (64.4) 428.2 506.6 (7.7) (60.0) 438.9 53.3 7.7 61.0 70.8 7.7 78.5 68.5 7.7 76.2 7.7 5.5 5.8 (a- Total equity ex. noncontrolling interests Preliminary 2010 first quarter results/7 GECC Tier 1 common ratio estimate ($ in billions) 4Q’08 4Q’09 1Q’10 1Q’10 ex. FAS 167–b) $58.2 $73.7 $71.6 $73.2 Shareholder’s equity–a) - Intang. & GW - Unr. G/(L) on invt. & hdg. - Other additions/(deductions) 58.2 (28.5) 5.3 (0.8) 73.7 (32.0) 2.5 (1.1) 71.6 (31.3) 2.1 (1.2) 73.2 (31.3) 1.9 (1.2) Tier 1 common 34.2 43.1 41.2 42.6 604.3 569.1 528.1 543.2 5.7 7.6 7.8 7.8 As reported Shareholder’s equity–a) Estimated risk weighted assets GECC Tier 1 common ratio (a- Total equity ex. noncontrolling interests (b- Adjusted for 1/1 impact of FAS 167 Preliminary 2010 first quarter results/8 GECS Tier 1 common ratio estimate ($ in billions) 4Q’08 4Q’09 1Q’10 $53.3 $70.8 $68.5 Shareholder’s equity–a) - Intang. & GW - Unr. G/(L) on invt. & hdg. - Other additions/(deductions) 53.3 (29.0) 6.2 (0.8) 70.8 (32.4) 2.2 (1.1) 68.5 (31.7) 1.7 (1.2) Tier 1 common 29.7 39.5 37.3 632.9 602.1 547.6 4.7 6.6 6.8 As reported Shareholder’s equity–a) Estimated risk weighted assets GECC Tier 1 common ratio (a- Total equity ex. noncontrolling interests Preliminary 2010 first quarter results/9 GE Capital Ending Net Investment ($ in billions) Capital Finance as reported GECS assets (cont. ops.) Subtract: non-debt liabilities GECS ENI Subtract: GECS HQ ENI Capital Finance ENI Subtract: effects of FX Capital Finance ENI (at 4Q’08 FX) GE Capital ENI 4Q’08 4Q’09 $659.2 (85.5) $647.9 (74.9) 573.7 (48.5) 573.0 (79.4) 525.2 – 493.6 (21.4) $525.2 $472.2 1Q’10 GECC assets (cont. ops.) Subtract: non-debt liabilities GECC ENI $617.2 41.9 575.3 Subtract: cash 59.6 GE Capital ENI $515.6 Preliminary 2010 first quarter results/10 GE Capital non-earning exposure walk ($ in billions) Commercial Consumer $6.8 $6.7 FAS 167 (0.3) 0.3 (2.5) FAS 0.7 167 (0.7) (1.6) 212% coverage 4.3 (1.4) (2.3) $3.7 198% coverage (2.4) $4.9 nonmortgage reserves 217% coverage 1.8 $0.9 (0.1) Other Est. loss 1Q’10 Interbanca Collateral Workout 1Q’10 100% full recovery collateral exposure reserves NPL nonrecovery earnings 4Q’09 coverage 215% Non- Mortgage 1Q’10 nonnon- mortgage earnings earnings Cure Est. collateral value Est. MI 0.4 Est. loss exposure 1Q’10 reserves 206% Preliminary 2010 first quarter results/11 Industrial CFOA from continuing operations ($ in millions) Cash from GE’s operating activities as reported Less GECS dividends Cash from GE’s operating activities excluding dividends from GECS (Industrial CFOA) 1Q’10 1Q’09 V% $2,551 $3,075 (17)% – – $2,551 $3,075 (17)% Preliminary 2010 first quarter results/12 Effective tax rate GE (ex. GECS) ($ in millions) GE earnings from continuing operations before income taxes Less GECS earnings from continuing ops. attributable to the company Adjusted earnings from continuing ops. before income taxes GE (ex. GECS) provision for income taxes – continuing ops. Effective tax rate GE (ex. GECS) 1Q’10 1Q’09 $3,181 $3,731 539 979 $2,642 $2,752 $788 $842 30% 31% Preliminary 2010 first quarter results/13 –a) Segment reorganization – 1/1/10 ($ in millions) 2009 Revenues Energy Infrastructure Technology Infrastructure NBC Universal GE Capital Home and Business Solution Total segment revenues Corporate items and eliminations Consolidated revenues Segment profit Energy Infrastructure Technology Infrastructure NBC Universal GE Capital Home and Business Solution Total segment profit Corporate items and eliminations GE interest and other financial charges GE provision for income taxes 2Q 3Q 4Q Total 1Q 2Q 3Q 4Q Total $9,082 9,523 3,524 13,775 1,924 $37,828 610 $38,438 $10,459 9,637 3,565 12,736 2,169 $38,566 542 $39,108 $9,769 9,306 4,079 12,005 2,136 $37,295 504 $37,799 $11,338 10,051 4,268 12,735 2,214 $40,606 832 $41,438 $40,648 38,517 15,436 51,251 8,443 $154,295 2,488 $156,783 $8,769 9,355 3,584 17,318 2,473 $41,499 729 $42,228 $10,850 10,617 3,882 18,198 2,706 $46,253 587 $46,840 $10,905 10,257 5,073 17,854 2,566 $46,655 579 $47,234 $12,522 11,376 4,430 15,207 2,368 $45,903 310 $46,213 $43,046 41,605 16,969 68,577 10,113 $180,310 2,205 $182,515 1,318 $ 1,702 391 1,029 45 $4,485 (417) (376) (842) 1,863 $ 1,743 539 431 90 $4,666 (538) (348) (897) 1,649 $ 1,645 732 141 104 $4,271 (811) (352) (654) 2,275 $ 7,105 1,695 6,785 602 2,264 136 1,737 131 370 $4,839 $18,261 (1,060) (2,826) (402) (1,478) (346) (2,739) Earnings from continuing operations, net of taxes, attributable to the Company Loss from discontinued operations, (net of taxes), attributable to the Company $2,850 $2,883 $2,454 $3,031 (21) (194) 40 Consolidated net earnings, attributable to the Company $2,829 $2,689 1Q $228,074 162,466 81,858 22,596 47,095 67,880 $609,969 2Q $224,556 178,325 83,960 22,956 47,237 65,840 $622,874 GE Capital Assets -b) CLL Consumer Real Estate Energy Financial Services GECAS Capital Corporate Total GE Capital Assets $ 2007 2008 1Q $ Total $34,880 38,338 15,416 68,148 11,026 $167,808 4,680 $172,488 1,161 $ 1,547 712 2,495 145 $6,060 (349) (602) (758) 1,675 $ 1,894 909 2,789 145 $7,412 (482) (554) (982) 1,538 $ 1,713 645 2,148 36 $6,080 (83) (525) (995) 2,123 $ 6,497 2,306 7,460 865 3,131 694 8,126 42 368 $6,030 $25,582 (999) (1,913) (472) (2,153) (692) (3,427) $ 5,238 7,186 3,107 12,369 985 $28,885 (1,641) (1,993) (2,794) $11,218 $4,351 $5,394 $4,477 $3,867 $18,089 $22,457 (18) (193) (47) (322) (165) (145) (679) (249) $2,494 $3,013 $11,025 $4,304 $5,072 $4,312 $3,722 $17,410 $22,208 3Q $219,106 177,913 83,684 22,598 47,444 77,965 $628,710 4Q $210,742 174,019 81,505 22,616 48,178 84,172 $621,232 1Q $250,165 218,262 86,605 20,837 44,169 28,673 $648,711 2Q $247,703 223,409 90,611 21,580 44,928 33,631 $661,862 3Q $253,696 211,319 88,739 21,856 46,525 30,158 $652,293 4Q $233,815 185,535 85,266 22,079 46,208 61,738 $634,641 4Q $230,541 211,572 79,285 18,706 43,862 27,808 $611,774 Preliminary 2010 first quarter results/14 (a- Preliminary & unaudited results reflecting the 1/ 1/10 segment reorganization (b- Assets of continuing operations NBCU results ex. Olympics As reported Revenue 1Q’10 1Q’09 V% Operating profit 1Q’10 1Q’09 V% $4,320 $3,524 23% $199 $391 782 – (194) – $3,538 $3,524 $393 $391 (49)% Less effects of: 2010 Olympics broadcasts NBCU results ex. effects of Olympics broadcasts Flat 1% Preliminary 2010 first quarter results/15 Operating profit % ex. Olympics ($ in millions) 1Q’10 Op Revenues profit As reported Energy Infrastructure Technology Infrastructure NBCU H&BS $8,655 8,659 4,320 1,940 23,574 $1,481 1,403 199 71 3,154 Op profit % 13.4% 1Q’09 Op Revenues profit $9,082 9,523 3,524 1,924 24,053 $1,318 1,702 391 45 3,456 – – $24,053 $3,456 Op profit % V pts. 14.4% (1.0) pts. 14.4% 0.3 pts. Less effects of: 2010 Olympics broadcasts GE Industrial operating profit margin excluding the effects the ’10 Olympics broadcasts 782 $22,792 (194) $3,348 14.7% Preliminary 2010 first quarter results/16