GE Capital Investor Meeting December 7, 2010 Supplemental Information • • • • • • GE Capital ending net investment Tier 1 common ratio estimate – GECC & GECS GECS delinquency SG&A Tier 1 ratio estimate – GECC & GECS Debt/equity ratio – GECC & GECS • • • • • Retail Finance summary Real Estate ending net investment GE Capital portfolio margins Consumer portfolio margins Commercial portfolio margins “Results are preliminary and unaudited. This document contains “forward-looking statements”– that is, statements related to future, not past, events. In this context, forward-looking statements often address our expected future business and financial performance and financial condition, and often contain words such as “expect,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “see,” or “will.” Forward-looking statements by their nature address matters that are, to different degrees, uncertain. For us, particular uncertainties that could cause our actual results to be materially different than those expressed in our 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; the impact of conditions in the financial and credit markets on the availability and cost of our funding and on our ability to reduce our asset levels as planned; the impact of conditions in the housing market and unemployment rates on the level of commercial and consumer credit defaults; changes in Japanese consumer behavior that may affect our estimates of liability for excess interest refund claims (Grey Zone); 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 level of demand and financial performance of the major industries we serve, including, without limitation, air transportation, real estate and healthcare; the impact of regulation and regulatory, investigative and legal proceedings and legal compliance risks, including the impact of financial services regulation; strategic actions, including acquisitions and dispositions and our success in integrating acquired businesses; and numerous other matters of national, regional and global scale, including those of a political, economic, business and competitive nature. These uncertainties may cause our actual future results to be materially different than those expressed in our forward-looking statements. We do not undertake to update our forward-looking statements.” 1 GE Capital ending net investment ($ in billions @ 1Q10 FX) GECC assets (cont. ops.) Subtract: non-debt liabilities GECC ENI Subtract: cash & equivalents GE Capital ENI (ex. Cash) Add/Subtract: foreign exchange GE Capital ENI (ex. Cash & FX) 2009 1Q’10 2Q’10 3Q’10 2010E $621.2 $617.2 $588.0 $594.8 ~$558.9 48.2 42.0 39.8 40.0 ~ 37.7 573.0 575.2 548.2 554.8 ~ 521.2 63.7 59.6 61.2 65.4 ~ 54.4 $509.4 $515.6 $487.0 $489.4 ~$466.8 6.0 0.0 13.0 2.1 ~ 13.2 $503.4 $515.6 $500.0 $491.5 ~$480.0 2 Tier 1 common ratio estimate –a) ($ in billions) GECC GECS 4Q’08 4Q’09 2Q’10 3Q’10 4Q’08 4Q’09 2Q’10 3Q’10 Shareowner’s equity-b) $58.2 $73.7 $69.8 $70.5 $53.3 $70.8 $67.3 $66.9 Shareowner’s equity-b) $58.2 $73.7 $69.8 $70.5 $53.3 $70.8 $67.3 $66.9 (28.4) (32.0) (29.5) (30.1) (29.0) (32.4) (29.9) (30.1) 5.3 2.5 2.0 2.2 6.2 2.2 1.0 2.1 - Other additions/(deductions) (0.8) (1.1) (1.1) (0.5) (0.8) (1.1) (1.1) (0.5) Tier 1 common 34.3 43.1 41.2 42.0 29.7 39.5 37.3 38.4 Estimated risk weighted assets 604.3 569.1 508.4 510.0 632.9 602.1 525.3 527.8 Tier 1 common ratio 5.7% 7.6% 8.1% 8.2% 4.7% 6.6% 7.1% 7.3% As reported - Intang. & GW - Unr. G/(L) on invt. & hdg (a- Estimated based on SCAP requirements (b- Total equity ex. noncontrolling interests 3 GECS delinquency-a) 3Q’10-b) 2Q’10 1Q’10 4Q’09 3Q’09 On-book delinquency 8.34% 8.66% 8.72% 9.13% 9.15% Off-book delinquency -c) -c) -c) 7.20 6.85 Managed delinquency 8.34 8.66 8.72 8.85 8.82 On-book delinquency 5.74% 5.40% 4.97% 4.33% 4.19% Off-book delinquency -c) -c) -c) 3.04 3.04 Managed delinquency 5.74 5.40 4.97 4.22 4.09 On-book delinquency 2.26% 2.49% 2.77% 2.91% 3.09% Off-book delinquency 2.30 2.58 2.15 2.25 2.51 Managed delinquency 2.26 2.50 2.71 2.81 3.01 Consumer Real Estate Equipment Financing a)Excludes loans purchased at a discount (unless they have deteriorated past acquisition) to update c)Not applicable b)Subject 4 SG&A ($ in billions) SG&A Less: effect of Penske Truck Leasing, acquisitions and corporate assessments Adjusted SG&A 4Q’08 4Q’09 4Q’10E $15.7 $11.8 ~$10.8 (1.7) (0.9) ~(0.7) $14.0 $10.9 ~$10.1 5 Tier 1 ratio estimate –a) ($ in billions) GECC GECS 4Q’08 4Q’09 3Q’10 4Q’08 4Q’09 3Q’10 Shareowner’s equity-b) $58.2 $73.7 $70.5 $53.3 $70.8 $66.9 Shareowner’s equity-b) $58.2 $73.7 $70.5 $53.3 $70.8 $66.9 (28.4) (32.0) (30.1) (29.0) (32.4) (30.1) 5.3 2.5 2.2 6.2 2.2 2.1 (0.8) (1.1) (0.5) (0.8) (1.1) (0.5) 2.4 2.2 1.1 2.3 2.0 1.1 - - 3.0 - - 3.0 36.7 45.4 46.1 31.9 41.5 42.5 Estimated risk weighted assets 604.3 569.1 510.0 632.9 602.1 527.8 Tier 1 ratio 6.1% 8.0% 9.0% 5.0% 6.9% 8.0% As reported - Intang. & GW - Unr. G/(L) on invt. & hdg - Other additions/(deductions) + Minority interest + Tier 1 qualifying hybrids Tier 1 (a- Estimated based on U.S. Federal Reserve Basel 1 guidelines (b- Total equity ex. noncontrolling interests 6 Debt/equity ratio ($ in billions) GECC GECS 4Q’08 4Q’09 3Q’10 4Q’08 4Q’09 3Q’10 $510.4 $497.5 $481.4 $514.6 $500.3 $486.5 $58.2 $73.7 $70.5 $53.3 $70.8 $66.9 8.8 6.7 6.8 9.7 7.1 7.3 $510.4 $497.5 $481.4 $514.6 $500.3 $486.5 (7.7) (7.7) (7.7) (7.7) (7.7) (7.7) (36.4) (63.7) (65.4) (37.5) (64.4) (66.0) 466.3 426.1 408.3 469.4 428.2 412.8 Shareowner’s equity –a) 58.2 73.7 70.5 53.3 70.8 66.9 Add: hybrids to equity 7.7 7.7 7.7 7.7 7.7 7.7 Adjusted book equity 65.9 81.4 78.2 61.0 78.5 74.6 7.1 5.2 5.2 7.7 5.5 5.5 As reported Debt Shareowner’s equity-a) Book leverage (debt/equity) Debt Subtract: hybrids from debt Subtract: cash & equiv. from debt Adjusted book debt Adjusted leverage (a- Total equity ex. noncontrolling interests 7 Retail Finance summary ($ in millions) TY’08 TY’09 3Q’10YTD Retail Finance net income $661 $555 $1,014 Gain on sale (260) - - (30) 102 - Retail Finance net income, ex. Securitization $371 $657 $1,014 ($ in millions) TY’08 TY’09 3Q’10YTD $23,607 $20,159 $40,688 25,287 23,985 - $48,894 $44,144 $40,688 TY’08 TY’09 3Q’10YTD Retail Finance return on investment 2.1% 1.9% 3.3% Securitization / Gain impact (1.3) (0.4) Retail Finance return on investment, ex. Securitization 0.8% 1.5% 3.3% ($ in billions) TY’08 TY’09 3Q’10YTD Retail Finance losses $2.9 $3.2 $2.4 Securitization impact 1.6 1.3 - $4.5 $4.5 $2.4 Securitization impact Retail Finance on-book receivables Securitization impact (off-book receivables) Retail Finance Served Receivables Retail Finance losses, ex. securitization - 8 Real Estate ending net investment ($ in billions) Real Estate assets (cont. ops.) Subtract: non-debt liabilities Real Estate ENI Add: Off-book ENI (FAS167) Adjusted Real Estate ENI 2Q’08 4Q’08 4Q’09 3Q’10 $90.6 $85.3 $81.5 $75.2 (3.7) (3.2) (1.9) (0.8) 86.9 82.1 79.6 74.4 5.8 5.5 4.6 - $92.7 $87.5 $84.2 $74.4 9 GE Capital portfolio margins 2006 2007 2008 13.7% 13.4% 11.8% GE Capital Interest expense 4.1 4.4 GE Capital portfolio margins/net revenue 9.6 RO/HQ/GECC Corp 2009 2010E 8.9% ~ 8.5% 4.3 3.1 ~ 2.8 9.0 7.5 5.8 ~ 5.7 (0.7) (0.6) (0.3) 0.7 ~1.1 GE Capital net revenue ex. RO/HQ/GECC Corp 8.9 8.3 7.1 6.5 ~6.8 Less: Depreciation, amortization costs of goods sold, gains and maintenance (3.1) (3.0) (2.3) (1.9) ~(1.8) Adjusted GE Capital portfolio margins 5.7% 5.4% 4.8% 4.6% ~5.0% GE Capital gross revenue 10 Consumer portfolio margins 2006 2007 2008 2009 2010E 13.0% 13.6% 12.6% 11.6% ~11.7% Consumer interest expense 4.4 4.9 5.1 3.7 ~ 3.3 Consumer portfolio margins/net revenue 8.7 8.7 7.6 7.9 ~ 8.4 RO/HQ 0.6 1.2 1.5 1.8 ~ 1.6 Consumer net revenue ex. RO/HQ 9.3 9.9 9.1 9.7 ~10.1 Less: Depreciation, amortization costs of goods sold, gains and maintenance 0.0 (0.5) (0.1) (0.1) ~ 0.0 Adjusted Consumer portfolio margins 9.3% 9.4% 9.0% 9.6% ~10.1% Consumer gross revenue 11 Commercial portfolio margins 2006 2007 2008 14.6% 13.6% 11.7% 4.2 4.5 Commercial portfolio margins/net revenue 10.4 RO/HQ 2009 2010E 9.2% ~ 9.0% 4.2 3.4 ~ 3.2 9.1 7.5 5.8 ~ 5.7 (1.8) (1.6) (1.2) (0.5) ~(0.2) Commercial net revenue ex. RO/HQ 8.6 7.5 6.3 5.3 ~5.5 Less: Depreciation, amortization costs of goods sold, gains and maintenance (4.6) (4.2) (3.3) (2.6) ~(2.6) Adjusted Commercial portfolio margins 4.0% 3.4% 2.9% 2.7% ~3.0% Commercial gross revenue Commercial interest expense 12