GE second 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 GE Capital reserves Industrial CFOA from continuing operations Effective tax rate GE (ex. GECS) GE Industrial segment organic revenue growth – continuing operations Total revenues excluding NBCU impact 2010 EPS: continuing & operating Operating earnings & EPS GE Capital segment results ($ in millions – net earnings) 2Q’11 2Q’10 V% CLL $701 $312 F Real Estate (335 ) (524 ) 36% 1,020 649 57 GECAS 321 288 11 EFS 139 126 10 (191) (108 ) (77) Consumer Corporate & elims. GE Capital $1,655 $743 F Preliminary 2011 second quarter results 2 GE Capital segment assets ($ in billions) 2Q’11 2Q’10 $198.2 $202.4 Real Estate 67.7 76.6 (12) Consumer 146.1 141.2 3 GECAS 48.8 48.6 1 EFS 18.1 20.5 (12) Corporate & elims. 91.9 77.9 18 $570.7 $567.2 CLL GE Capital V% (2)% 1% Preliminary 2011 second quarter results 3 GE Capital non-earnings/write-offs ($ in millions) Non-earning assets/non-earnings % fin. rec. 2Q’11 1Q’11 2Q’10 $3,488 2.65% $3,957 2.95% $4,424 3.08% 1,003 2.72 1,137 2.91 1,618 3.68 GECAS 64 0.53 16 0.13 EFS 136 2.21 CLL Real Estate Consumer Corporate & elims. GE Capital Total write-offs/write-offs % fin. rec. 2Q’11 CLL $273 0.82% 1Q’11 $265 0.78% 2Q’10 $423 1.14% Real Estate 117 1.24 280 2.83 186 1.62 77 0.62 GECAS 3 0.08 0 0.00 18 0.58 162 2.44 77 1.03 EFS (7) (0.42) 4 0.26 (0) (0.02) 5,431 4.54 5,645 4.81 6,034 5.24 Consumer 983 3.32 1,111 3.74 1,508 5.03 88 5.83 99 6.04 105 4.64 Corporate & elims. 8 2.02 8 1.76 (0) (0.01) $1,377 1.78% $1,668 2.11% $2,134 2.54% $10,209 3.32% $11,017 3.54% $12,335 3.80% GE Capital Preliminary 2011 second quarter results 4 GECS funding ($ in billions) Debt composition –a) Non-recourse Securitization LT debt - TLGP LT debt nonguaranteed $475 33 59 $471 30 53 Unsecured term issuances $463-b) 29 45 $70 '09 279 284 $25 $20 '10 '11 YTD 281 • Completed $20B of LT debt issuance YTD in 9 currencies Alternative funding/others -c) 58 62 67 Comm’l paper 46 42 41 2Q'10 4Q'10 2Q'11 Bank lines CP coverage Cash & equiv. LT debt<1 yr. $52 100%+ $60 $63 $52 100%+ $60 $66 $54 100%+ $78 $73 • Liquidity in the global CP markets continues to be strong … ~3% USD market share • Alternative funding ~14% of total debt, securitization ~6% • Liquidity position remains strong (a- Continuing operations (b- Includes ~$12 YTD FX impact, partially offset by ~$(0.5)B YTD FAS 133 (c- Includes GE-GECS inter-company loan Preliminary 2011 second 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 2Q’10 1Q’11 2Q’11 2Q’10 1Q’11 2Q’11 $476.6 69.8 $452.8 76.1 $458.1 78.8 $481.7 67.3 $458.1 72.1 $463.2 75.1 6.8 5.9 5.8 7.2 6.4 6.2 476.6 (7.7 ) (61.3 ) 407.6 452.8 (7.7 ) (66.6 ) 378.4 458.1 (7.7 ) (77.4 ) 372.9 481.7 (7.7 ) (61.7) 412.3 458.1 (7.7 ) (67.4 ) 383.0 463.2 (7.7) (78.1) 377.4 69.8 7.7 77.5 76.1 7.7 83.9 78.8 7.7 86.6 67.3 7.7 75.0 72.1 7.7 79.8 75.1 7.7 82.8 5.3 4.5 4.3 5.5 4.8 4.6 (a- Includes discontinued operations for all periods (b- Total equity ex. noncontrolling interests Preliminary 2011 second quarter results 6 Tier 1 common ratio estimate –a), -b) ($ in billions) GECC GECS 2Q’10 1Q’11 2Q’11 2Q’10 1Q’11 2Q’11 $69.8 $76.1 $78.8 $67.3 $72.1 $75.1 Shareowner’s equity–c) - Intang. & GW - Unr. G/(L) on invt. & hdg. - Other additions/(deductions) 69.8 (29.5 ) 2.0 (1.1 ) 76.1 (29.6 ) 1.8 (0.7 ) 78.8 (30.0 ) 2.0 (0.6 ) 67.3 (29.9 ) 1.0 (1.1 ) 72.1 (29.6 ) 2.2 (0.8 ) 75.1 (30.0 ) 2.0 (0.7 ) Tier 1 common 41.3 47.7 50.2 37.2 43.9 46.3 508.4 486.2 480.9 525.3 511.5 507.5 As reported Shareowner’s equity–c) Estimated risk weighted assets Tier 1 common ratio 8.1% 9.8% 10.4% 7.1% 8.6% 9.1% (a- Includes discontinued operations for all periods (b- Estimated based on SCAP requirements (c- Total equity ex. noncontrolling interests Preliminary 2011 second quarter results 7 GE Capital ending net investment ($ in billions) GECC assets (cont. ops.) Subtract: non-debt liabilities GECC ENI Subtract: cash & equivalents GE Capital ENI (ex. cash) 2Q’10 1Q’11 2Q’11 $567.2 38.9 $559.7 36.6 $570.7 36.1 528.2 523.1 534.6 59.4 66.5 77.3 $468.8 $456.6 $457.3 Preliminary 2011 second quarter results 8 GE Capital non-earnings exposure ($ in billions) Commercial Consumer 1Q’11 coverage 248% $5.4 $4.7 (0.3) (1.6) 259% coverage (1.1) 3.8 (1.3) $3.1 (1.7) 193% coverage 1Q’11 coverage $3.1 nonmortgage reserves (0.8) (1.7) 249% coverage 1.2 $0.8 (0.1) Other Est. loss 2Q’11 Interbanca Collateral Workout 2Q’11 NPL 100% full recovery collateral exposure reserves nonrecovery earnings 285% Non- Mortgage 2Q’11 nonnon- mortgage earnings earnings Cure Est. collateral value Est. MI 0.3 Est. loss exposure 2Q’11 reserves Preliminary 2011 second quarter results 9 GE Capital reserves ($ in billions) Allowance for losses $8.8 $7.6 3.9 3.3 Commercial Consumer 4.9 4.3 Reserve walk $7.1 3.1 4.0 WO’s > new provisions 1Q'11 2Q'11 Coverage: Reserves 2.72% Non-earnings 72% 2.45% 69% 2.29% 69% Balance sheet Release/ recoveries (0.15) P&L FX/other 0.01 Balance sheet in reserves 2Q'10 $(0.41)B $(0.55)B Environment continues to improve Preliminary 2011 second quarter results 10 Industrial CFOA from continuing operations ($ 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) 2Q’11 2Q’11 YTD 2Q’10 YTD $2,696 $4,380 $6,314 – – – $2,696 $4,380 $6,314 YTD V% (31)% (31)% Preliminary 2011 second quarter results 11 Effective tax rate GE (ex. GECS) ($ in millions) 2Q’11 2Q’11 YTD GE earnings from continuing operations before income taxes $4,147 $11,100 Less GECS earnings from continuing ops. attributable to the company 1,593 3,361 Adjusted earnings from continuing ops. before income taxes $2,554 $7,739 $546 $4,059 GE (ex. GECS) provision for income taxes – continuing ops. Effective tax rate GE (ex. GECS) 21% 52% Preliminary 2011 second quarter results 12 GE Industrial segment organic revenue growth – continuing operations ($ in millions) Industrial segment revenue Less the effects of: Acquisitions, business dispositions (other than dispositions of businesses acquired for investment) & currency exchange rates Industrial segment revenues excluding the effects of acquisitions, business dispositions (other than dispositions of businesses acquired for investment), currency exchange rates 2Q’11 2Q’10 V% $23,016 $20,860 10% 1,714 179 $21,302 $20,681 3% Preliminary 2011 second quarter results 13 Total revenues excluding NBCU impact ($ in millions) Total Company revenues as reported Less: NBCU related revenues Company revenues excluding NBCU impact 2Q’11 2Q’10 V% $35,625 $36,928 (4)% 280 3,750 $35,345 $33,178 7% Preliminary 2011 second quarter results 14 2010 EPS: continuing & operating 2010 total year EPS Transfers to As originally discontinued operations reported Earnings per share from continuing operations Less the effects of excluding non-operating pension costs Operating earnings per share $1.15 $0.01 0.02 $1.13 Recast for discontinued operations $1.14 0.02 $0.01 $1.12 GE Capital Consumer recasts to discontinued operations: Singapore, Australia, New Zealand Preliminary 2011 second quarter results 15 Operating earnings & EPS ($ 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 2Q’11 2Q’10 V% $3,547 $3,210 10% 181 (57) $3,728 $3,153 18% $0.33 $0.29 14% .01 – $0.34 $0.29 17% Preliminary 2011 second quarter results 16