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GE Capital
Bernstein Strategic Decisions Conference
Supplemental Information
May 30, 2014
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GE Capital ending net investment
4Q’13 ENI by business
GECA Food & Beverage ENI
GECC tier 1 common ratio estimate
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forward-looking statements include: current economic and financial conditions, including volatility in interest and exchange rates, commodity and equity prices and the value of financial assets;
potential market disruptions or other impacts arising in the United States or Europe from developments in sovereign debt situations; the impact of conditions in the financial and credit markets
on the availability and cost of General Electric Capital Corporation’s (GECC) funding and on our ability to reduce GECC’s asset levels as planned; the impact of conditions in the housing market
and unemployment rates on the level of commercial and consumer credit defaults; pending and future mortgage securitization claims and litigation in connection with WMC, which may affect
our estimates of liability, including possible loss estimates; our ability to maintain our current credit rating and the impact on our funding costs and competitive position if we do not do so; the
adequacy of our cash flows and earnings and other conditions which may affect our ability to pay our quarterly dividend at the planned level or to repurchase shares at planned levels; GECC’s
ability to pay dividends to GE at the planned level, which may be affected by GECC's cash flows and earnings, financial services regulation and oversight, and other factors; our ability to convert
pre-order commitments/wins into orders; the price we realize on orders since commitments/wins are stated at list prices; the level of demand and financial performance of the major industries
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size of share repurchases, acquisitions, joint ventures, dispositions and other strategic actions; our success in completing announced transactions and integrating acquired businesses; our
ability to complete the staged exit from our North American Retail Finance business or the acquisition of the Thermal, Renewables and Grid businesses of Alstom as planned; the impact of
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Imagination at work.
GE Capital ending net investment
($ in billions)
GECC assets (cont. ops.)
Subtract: non-debt liabilities
GE Capital ENI
Subtract: cash & equivalents
GE Capital ENI (ex. cash)
Adjust FX @ 1Q'10 Fx rates
GE Capital ENI (ex. cash) @1Q'10 Fx rates
GECC disc. ops. ENI (ex. cash) @1Q'10 Fx rates
GECC ENI (ex. cash) @1Q'10 Fx rates including disc. ops.
2008
2013
$633.7
$514.5
85.4
59.3
$548.3
$455.2
37.7
74.9
$510.6
$380.3
(14.8)
$525.4
31.0
$556.4
2
GE Capital
4Q’13 ENI by business
($ in billions)
Assets (cont. ops.)
Subtract: non-debt liabilities
ENI
Subtract: cash & equivalents
ENI (ex. cash)
CLL
Consumer
Real
Estate
$174.4
$132.2
$38.7
17.4
6.0
$157.0
GECAS
Verticals -a)
EFS
HFS
$45.9
$16.2
$14.4
$76.4
(0.1)
7.6
2.7
0.7
10.9
$126.2
$38.8
$38.3
$13.5
$13.7
$65.5
1.7
7.6
0.1
0.1
0.1
0.0
0.1
$155.3
$118.6
$38.7
$38.2
$13.4
$13.7
65.4
3
(a- includes GECAS, EFS, & HFS
GE Capital
GECA Food & Beverage ENI
($ in billions)
Assets (cont. ops.)
Subtract: non-debt liabilities
ENI
Subtract: cash & equivalents
ENI (ex. cash)
4Q’12
4Q’13
$1.4
$1.9
0.1
0.1
$1.3
$1.8
-
-
$1.3
$1.8
4
GE Capital
GECC tier 1 common ratio estimate
-a)
($ in billions)
As reported
1Q’14
4Q’13
4Q’12
Shareowners’ equity-b)
- Preferred equity
- Intang. & GW
- Unr. G/(L) on invt. & hdg.
- Other additions/(deductions)
$84.6
(4.9)
(27.6)
(0.6)
(0.7)
$82.7
(4.9)
(27.4)
(0.0)
(0.3)
$81.9
(4.0)
(28.6)
0.1
(0.8)
50.8
50.1
48.6
444.4
447.2
476.8
Tier 1 common
Estimated risk weighted assets-c)
Tier 1 common ratio
11.4%
11.2%
10.2%
5
(a - Includes discontinued operations for all periods;
(b - Total equity ex. non-controlling interests;
(c - Based on Basel 1 RWA estimates
GE Capital
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