GE first quarter ’12 supplemental information • • • • • • • • • • • • • • • • • GE Capital segment results GE Capital segment assets GE Capital non-earnings/write-offs GECC funding GECC debt/equity ratio GECC tier 1 common ratio estimate GE Capital Ending Net Investment GE Capital reserves Industrial CFOA from continuing operations Effective tax rate GE (ex. GECC) Effective tax rate GE Company (ex. NBCU gain) GE Industrial segment organic revenue growth GE Energy Infrastructure organic revenue growth GE Oil & Gas organic revenue growth Total revenues excluding NBCU impact Industrial sales excluding NBCU impact Operating earnings & EPS & operating EPS excluding one-time items GE Capital segment results ($ in millions – net earnings) 1Q’12 $685 1Q’11 $554 V% 24% Real Estate 56 (358 ) F Consumer 829 1,241 (33) GECAS 318 306 4 71 112 (37) (167 ) (65 ) U CLL EFS GECC Corporate GE Capital $1,792 $1,790 Less effects of Garanti – 381 GE Capital ex. Garanti $1,792 $1,409 0% 27% Preliminary 2012 first quarter results 2 GE Capital segment assets ($ in billions) 1Q’12 1Q’11 $190.0 $197.5 Real Estate 59.2 70.9 (17) Consumer 135.9 141.9 (4) GECAS 48.7 48.6 0 EFS 19.3 18.8 3 118.9 109.3 9 $572.0 $586.9 CLL GECC Corporate GE Capital V% (4)% (3)% Preliminary 2012 first quarter results 3 GE Capital non-earnings/write-offs ($ in millions) Non-earning assets/non-earnings % fin. rec. 1Q’12 4Q’11 1Q’11 $3,273 2.58% $3,309 2.56% $3,957 2.95% Real Estate 761 2.41 790 2.41 1,137 2.91 GECAS 17 0.14 55 0.46 EFS 29 0.55 CLL Consumer GECC Corporate GE Capital Total write-offs/write-offs % fin. rec. 1Q’12 CLL $212 0.66% 4Q’11 $187 0.57% 1Q’11 $265 0.78% Real Estate 186 2.32 141 1.68 280 2.83 16 0.13 GECAS – 0.00 – 0.00 – 0.00 22 0.37 162 2.44 EFS (0 ) (0.01 ) (1) (0.06) 4 0.26 4,403 3.96 4,584 4.03 5,128 4.39 Consumer 932 3.31 895 3.12 1,096 3.71 42 6.10 65 5.10 99 6.04 GECC Corporate (0 ) (0.04 ) 15 4.58 8 1.76 $8,524 2.97% $8,826 2.99% $1,329 1.83% $1,237 1.66% $1,653 2.10% $10,499 3.38% GE Capital Preliminary 2012 first quarter results 4 GECC funding ($ in billions) Debt composition –a) Non-recourse Securitization LT debt - TLGP LT debt nonguaranteed $458 29 45 279 $443 29 35 268 Unsecured term issuances $432-b) $27 30 28 266 $12 '10 '11 '12 YTD • Completed ~$12B LT debt issuance YTD in 9 currencies Alternative funding/others 64 67 65 Comm’l paper 41 44 43 1Q'11 4Q'11 1Q'12 Bank lines CP coverage Cash & equiv. LT debt<1 yr. $25 $53 100%+ $67 $59 $52 100%+ $77 $83 $52 100%+ $76 $79 • Liquidity in the global CP markets continues to be strong • Alternative funding ~15% of total debt, securitization ~7% • Liquidity position remains strong (a- Continuing operations (b- Includes ~$2B YTD FX impact and ~($2B) YTD FAS 133 Preliminary 2012 first quarter results 5 GECC debt/equity ratio –a) ($ 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 1Q’11 4Q’11 1Q’12 $458.1 72.1 $443.4 77.1 $432.1 79.2 6.4 5.7 5.5 458.1 (7.7 ) (67.4 ) 383.0 443.4 (7.7 ) (77.0 ) 358.7 432.1 (7.7) (76.4 ) 348.0 72.1 7.7 79.8 77.1 7.7 84.8 79.2 7.7 86.9 4.8 4.2 4.0 (a- Includes discontinued operations for all periods (b- Total equity ex. non-controlling interests Preliminary 2012 first quarter results 6 GECC tier 1 common ratio estimate –a), -b) ($ in billions) 1Q’11 As reported Shareowner’s equity–c) $72.1 4Q’11 $77.1 1Q’12 $79.2 Shareowner’s equity–c) - Intang. & GW - Unr. G/(L) on invt. & hdg. - Other additions/(deductions) 72.1 (29.6 ) 2.2 (0.8 ) 77.1 (28.8 ) 1.1 (0.7 ) 79.2 (28.8) 0.7 (0.7 ) Tier 1 common 43.9 48.7 50.4 511.5 490.3 482.7 Estimated risk weighted assets Tier 1 common ratio 8.6% 9.9% 10.4% (a- Includes discontinued operations for all periods (b- Based on Basel One RWA estimates (c- Total equity ex. noncontrolling interests Preliminary 2012 first quarter results 7 GE Capital ending net investment ($ in billions) GECC assets (cont. ops.) Subtract: non-debt liabilities GE Capital ENI Subtract: cash & equivalents GE Capital ENI (ex. cash) 1Q’11 4Q’11 1Q’12 $586.9 62.6 $582.9 61.5 $572.1 60.1 524.3 521.4 512.0 67.3 76.7 76.2 $457.0 $444.7 $435.8 Preliminary 2012 first quarter results 8 GE Capital reserves ($ in billions) Allowances for losses $7.5 $6.2 Commercial 3.3 2.6 Consumer Coverage: Reserves Non-earnings $5.7 2.3 4.2 3.6 3.4 1Q'11 4Q'11 1Q'12 2.41% 71% 2.10% 70% 1.99% 67% Environment continues to improve Preliminary 2012 first quarter results 9 Industrial CFOA from continuing operations ($ in millions) 1Q’12 YTD Cash from GE’s operating activities as reported Less GECC dividends Cash from GE’s operating activities excluding dividends from GECC (Industrial CFOA) 1Q’11 YTD $2,059 $1,684 – – $2,059 $1,684 YTD V% 22% 22% Preliminary 2012 first quarter results 10 Effective tax rate GE (ex. GECC) ($ in millions) 1Q’12 1Q’11 1Q’11 1Q’11 NBCU gain Ex. NBCU gain GE earnings from continuing operations before income taxes $3,727 $6,974 $3,556 $3,418 Less GECC earnings from continuing ops. attributable to the company 1,792 1,790 – 1,790 $1,935 $5,184 $3,556 $1,628 $450 $3,513 $3,155 $358 Adjusted earnings from continuing ops. before income taxes GE (ex. GECC) provision for income taxes – continuing ops. Effective tax rate GE (ex. GECC) 23% 68% 89% 22% Preliminary 2012 first quarter results 11 Effective tax rate GE Company (ex. NBCU gain) ($ in millions) 1Q’11 GE Company NBCU gain Ex. NBCU gain GE earnings from continuing operations before income taxes $7,434 $3,556 $3,878 GE provision for income taxes – continuing ops. $3,942 $3,155 $787 Effective tax rate GE 53% 89% 20% Preliminary 2012 first quarter results 12 GE Industrial segment organic revenue growth ($ in millions) Industrial segment 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’12 1Q’11 V% $23,720 $20,799 14% 1,210 508 $22,510 $20,291 11% Preliminary 2012 first quarter results 13 GE Energy Infrastructure organic revenue growth ($ in millions) Revenue Less the effects of: Acquisitions, business dispositions (other than dispositions of businesses acquired for investment) & currency exchange rates Revenues excluding the effects of acquisitions, business dispositions (other than dispositions of businesses acquired for investment), currency exchange rates 1Q’12 1Q’11 V% $11,168 $9,449 18% 1,191 454 $9,977 $8,995 11% Preliminary 2012 first quarter results 14 GE Oil & Gas organic revenue growth ($ in millions) Revenue Less the effects of: Acquisitions, business dispositions (other than dispositions of businesses acquired for investment) & currency exchange rates Revenues excluding the effects of acquisitions, business dispositions (other than dispositions of businesses acquired for investment), currency exchange rates 1Q’12 1Q’11 V% $3,416 $2,558 34% 818 360 $2,598 $2,198 18% Preliminary 2012 first quarter results 15 Total revenues excluding NBCU impact ($ in millions) Total Company revenues as reported Less: NBCU related revenues Company revenues excluding NBCU impact 1Q’12 1Q’11 V% $35,182 $38,329 (8)% 187 4,800 $34,995 $33,529 4% Preliminary 2012 first quarter results 16 Industrial sales excluding NBCU impact ($ in millions) GE sales as reported Less: NBCU related sales Industrial sales excluding NBCU impact 1Q’12 1Q’11 V% $23,687 $22,102 7% – 1,205 $23,687 $20,897 13% Preliminary 2012 first quarter results 17 Operating earnings & EPS & operating EPS excluding one-time items ($ in millions except earnings per share) Earnings from continuing operations attributable to GE Adjustment (net of tax): non-operating pension costs/(income) Operating earnings Earnings per share - diluted Continuing earnings per share Adjustment (net of tax): non-operating pension costs/(income) Operating earnings per share Adjustments for one-time items (net of tax): – NBCU gain – Garanti – Other gains – Restructuring/other Normalized EPS 1Q’12 1Q’11 V% $3,251 336 $3,587 $3,398 163 $3,561 (4)% $0.31 .03 $0.34 $0.31 .02 $0.33 (.01 ) .01 (.04) (.03) – .03 $0.34 $0.29 1% – 3% 17% Preliminary 2012 first quarter results 18