GE first quarter ’11 supplemental information • • • • • • • • • • • • GE Capital segment results GE Capital segment assets GE Capital non-earnings/write-offs GECS funding Debt/equity ratio – GECC & GECS Tier 1 Common ratio estimate – GECC & GECS GE Capital Ending Net Investment GE Capital non-earnings exposure Industrial CFOA from continuing operations Effective tax rate GE (ex. GECS) GE Industrial organic revenue growth – continuing operations Operating earnings & EPS GE Capital segment results ($ in millions – net earnings) 1Q’11 1Q’10 V% CLL $554 $232 F Real Estate (358 ) (403 ) 11% 1,257 569 F GECAS 306 317 (3) EFS 112 153 (27) Corporate & elims. (29) (285) 90 $1,842 $583 F Consumer GE Capital Preliminary 2011 first quarter results/2 GE Capital segment assets ($ in billions) 1Q’11 1Q’10 $197.5 $212.8 Real Estate 70.9 82.6 (14) Consumer 147.5 158.9 (7) GECAS 48.6 48.5 0 EFS 18.8 22.9 (18) Corporate & elims. 81.4 76.6 6 $564.7 $602.2 CLL GE Capital V% (7)% (6)% Preliminary 2011 first quarter results/3 GE Capital non-earnings/write-offs ($ in millions) Non-earning assets/non-earnings % fin. rec. 1Q’11 4Q’10 1Q’10 $3,957 2.95% $4,226 3.05% $4,829 3.18% 1,137 2.91 1,347 3.35 1,748 3.67 GECAS 16 0.13 – 0.00 EFS 162 2.44 CLL Real Estate Consumer Corporate & elims. GE Capital Total write-offs/write-offs % fin. rec. 1Q’11 CLL 4Q’10 $265 0.78% $442 1.26% 1Q’10 $425 1.15% Real Estate 280 2.83 365 3.53 188 1.63 77 0.61 GECAS – 0.00 0 0.00 71 2.20 62 0.88 80 1.01 EFS 4 0.26 72 4.03 0 0.00 5,729 4.68 5,826 4.64 6,555 4.98 1,112 3.59 1,346 4.32 1,639 5.22 99 6.04 102 5.70 100 4.10 8 1.76 6 1.24 2 0.34 $1,670 2.08% $2,231 2.72% $2,326 2.71% $11,101 3.51% $11,563 3.55% $13,388 3.78% Consumer Corporate & elims. GE Capital Preliminary 2011 first quarter results/4 GECS funding ($ in billions) Debt composition –a) Non-recourse Securitization LT debt - TLGP LT debt nonguaranteed $500 37 59 299 $471 30 53 Unsecured term issuances $458-b) 29 45 $25 '09 284 '10 $15 '11 YTD 279 • Completed $15B of LT debt issuance YTD ($11B in 1Q, $4B 2Q) … U.S. market share <3% Alternative funding/others -c) 59 62 64 Comm’l paper 46 42 41 1Q'10 4Q'10 1Q'11 Bank lines CP coverage Cash & equiv. LT debt<1 yr. $70 $52 100%+ $58 $65 $52 100%+ $60 $66 $53 100%+ $67 $59 (a- Continuing operations (b- Includes ~$6 YTD FX impact, partially offset by ~$(2)B YTD FAS 133 (c- Includes GE-GECS inter-company loan • Liquidity in global commercial paper markets continues to be strong … CP as % of total debt ~9% … U.S. CP market share ~3% • Alternative funding ~14% of total debt, securitization ~6% • Liquidity position remains strong Preliminary 2011 first quarter results/5 Debt/equity ratio –a) ($ in billions) As reported Debt Shareowner’s equity–b) Book leverage (debt/equity) Debt Subtract: hybrids from debt Subtract: cash & equiv. from debt Adjusted book debt Shareowner’s equity–b) Add: hybrids to equity Adjusted book equity Adjusted leverage GECC GECS 1Q’10 4Q’10 1Q’11 1Q’10 4Q’10 1Q’11 $501.7 71.7 $465.4 72.9 $452.8 76.1 $506.6 68.5 $470.6 69.0 $458.1 72.1 7.0 6.4 5.9 7.4 6.8 6.4 501.7 (7.7 ) (59.7 ) 434.2 465.4 (7.7 ) (59.7 ) 397.9 452.8 (7.7 ) (66.6 ) 378.4 506.6 (7.7 ) (60.2 ) 438.8 470.6 (7.7 ) (60.4 ) 402.4 458.1 (7.7 ) (67.4 ) 383.0 71.7 7.7 79.4 72.9 7.7 80.6 76.1 7.7 83.9 68.5 7.7 76.2 69.0 7.7 76.7 72.1 7.7 79.8 5.5 4.9 4.5 5.8 5.2 4.8 (a- Includes discontinued operations for all periods (b- Total equity ex. noncontrolling interests Preliminary 2011 first quarter results/6 Tier 1 common ratio estimate –a), -b) ($ in billions) GECC GECS 1Q’10 4Q’10 1Q’11 1Q’10 4Q’10 1Q’11 $71.7 $72.9 $76.1 $68.5 $69.0 $72.1 Shareowner’s equity–c) - Intang. & GW - Unr. G/(L) on invt. & hdg. - Other additions/(deductions) 71.7 (31.3 ) 2.1 (1.2 ) 72.9 (29.5 ) 1.7 (0.8 ) 76.1 (29.6 ) 1.8 (0.7 ) 68.5 (31.7 ) 1.7 (1.2 ) 69.0 (29.5) 1.9 (0.8) 72.1 (29.6 ) 2.2 (0.8 ) Tier 1 common 41.3 44.3 47.7 37.3 40.7 43.9 528.1 497.7 486.2 547.6 523.5 511.5 As reported Shareowner’s equity–c) Estimated risk weighted assets Tier 1 common ratio 7.8% 8.9% 9.8% 6.8% 7.8% 8.6% (a- Includes discontinued operations for all periods (b- Estimated based on SCAP requirements (c- Total equity ex. noncontrolling interests Preliminary 2011 first quarter results/7 GE Capital ending net investment ($ in billions) GECC assets (cont. ops.) Subtract: non-debt liabilities GECC ENI Subtract: cash & equivalents GE Capital ENI (ex. cash) 1Q’10 4Q’10 1Q’11 $602.2 41.5 $574.3 38.9 $564.7 36.9 560.7 535.3 527.8 57.9 59.5 66.5 $502.8 $475.8 $461.3 Preliminary 2011 first quarter results/8 GE Capital non-earnings exposure ($ in billions) Commercial Consumer 4Q’10 coverage $5.3 (0.2) (0.9) 238% $5.7 (1.8) 248% coverage (1.3) 3.9 $3.3 (1.6) (1.6) 192% coverage 4Q’10 coverage 259% (1.9) $3.5 nonmortgage reserves 257% coverage 1.3 $0.8 (0.1) Other Est. loss 1Q’11 Interbanca Collateral Workout 1Q’11 NPL 100% full recovery collateral exposure reserves nonrecovery earnings Non- Mortgage 1Q’11 nonnon- mortgage earnings earnings Cure Est. collateral value Est. MI 0.3 Est. loss exposure 1Q’11 reserves Preliminary 2011 first quarter results/9 Industrial CFOA from continuing operations ($ 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’11 1Q’10 V% $1,684 $2,551 (34)% – – $1,684 $2,551 (34)% Preliminary 2011 first quarter results/10 Effective tax rate GE (ex. GECS) ($ in millions) 1Q’11 1Q’10 GE earnings from continuing operations before income taxes $6,990 $3,157 Less GECS earnings from continuing ops. attributable to the company 1,806 515 Adjusted earnings from continuing ops. before income taxes $5,184 $2,642 GE (ex. GECS) provision for income taxes – continuing ops. $3,513 $788 Effective tax rate GE (ex. GECS) 68% 30% Preliminary 2011 first quarter results/11 GE Industrial organic revenue growth – continuing operations ($ in millions) GE revenue as reported Less GECS earnings from continuing operations Industrial revenue Less the effects of: Acquisitions, business dispositions (other than dispositions of businesses acquired for investment) & currency exchange rates Industrial revenues excluding the effects of acquisitions, business dispositions (other than dispositions of businesses acquired for investment), currency exchange rates 1Q’11 1Q’10 $27,573 $24,400 1,806 515 $25,767 $23,885 5,398 4,516 $20,369 $19,369 V% 5% Preliminary 2011 first quarter results/12 Operating earnings & EPS ($ in millions except earnings per share) Earnings from continuing operations attributable to GE Less: non-operating pension costs/(income), net of tax Operating earnings Earnings per share - diluted Continuing earnings per share Less: non-operating pension costs/(income) after tax Operating earnings per share 1Q’11 1Q’10 V% $3,414 $2,311 48% 163 (51 ) $3,577 $2,260 58% $0.31 $0.21 48% .02 (.01 ) $0.33 $0.20 65% Preliminary 2011 first quarter results/13