GE Capital, CLL Americas Dan Henson June 9, 2010 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: the severity and duration of 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 U.S. and foreign government programs to restore liquidity and stimulate national and global economies; 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; 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 soundness of other financial institutions with which GECC does business; the adequacy of our cash flow and earnings and other conditions which may affect our ability to maintain our quarterly dividend at the current level; the level of demand and financial performance of the major industries we serve, including, without limitation, air and rail transportation, energy generation, network television, real estate and healthcare; the impact of regulation and regulatory, investigative and legal proceedings and legal compliance risks, including the impact of proposed 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.” “In this document, “GE” refers to the Industrial businesses of the Company including GECS on an equity basis. “GE (ex. GECS)” and/or “Industrial” refer to GE excluding Financial Services.” GE Capital summary GE Capital has a strong and advantaged business model Have strengthened our liquidity position Strong risk practices … underwrite to hold on our balance sheet Portfolio margins improve in 2010 Losses have peaked and Real Estate risk is manageable Supportive of regulatory reform, preparing for more oversight Profitable Solid, long-term value creation 2 GE Capital business model Advantage Today Pre-crisis 1• Substantial origination capability • Largest direct origination team • Still largest direct origination team 2• Deep domain expertise – Healthcare, Energy, Media, Aircraft • Advantaged in key verticals • Growing advantage 3• Experts at collateral/asset management • Strong residual realization • Strong collateral and residual realization 4• Experienced, disciplined risk management and capital allocation • On balance sheet underwriting – Spread of risk, secured • Core to business model 5• GE operational headset & tools • Scale focus • >25% lower costs 6• Match funded • Core value • Important differentiator Well positioned to compete 3 GE Capital franchise… CLL Americas ($ in millions) Net Income World class offering Healthcare Equipment Finance Sponsor $1,194 $659 Inventory Finance $249 Bank Loan Group ENI ($B) TY'08 TY'09 1Q'10 $125 $108 $115 Corp Finance Leading provider of senior secured financing to middle market companies Fleet Services Franchise • Leasing and lending against hard, foreclosable assets • Organized by product & industry • Spread of risk through over 400K customers and dealers Disciplined underwrite to hold approach 4 How we go to market Equipment Lending • Equipment leases & loans • Franchise finance • Inventory finance Our products + • Leverage loans • Asset based loans Leases & loans secured by hard foreclosable assets Total volumea) ROI Value proposition Approach Direct Lending Recognized leader in key segments with deep domain expertise Experienced sales force, structured ABL, DIP & restructuring $9B 5.7% Sponsor #1 leader – mid-market, deep relationships, strong sales coverage $3B 5.0% • Predetermined exit strategies Healthcare Strong healthcare expertise & capital markets capabilities, dedicated sales force $4B 2.5% • Monitoring, audits, & cash control Equipment Strong industry & collateral knowledge, structuring expertise Speed… constant focus on cycle time, touchless originations $28B 2.5% • Essential use equipment • Remarketing expertise Dealer Finance Domain expertise & 50+ years of industry experience Best in class systems infrastructure & service applications $28B 4.8% • 1st lien on inventory • Manufacturer support Franchise Restaurant industry expertise, product breadth, structuring flexibility $1B 2.3% • Secured by assets & RE • Avoid start-ups & locals • Limited hold sizes & multiples a) - Total 2009 volume 5 Our competitive advantage Direct origination reach + Disciplined risk management • ~1,200 Direct origination team • Strong credit & structuring skills • Local market knowledge • Solid, well tenured organization • Strong customer relationships • Diverse portfolio • Leadership position in products + Domain expertise • Broad & deep industry, collateral & product knowledge • Speed & certainty of execution • Creative structuring expertise • Sophisticated tools • Dedicated specialists, early detection of distressed credits Leverage GE + • Share GE best practices • Enterprise selling • Operational excellence • Net Promoter Score… driving behavior + Experienced senior leadership team … weathered many cycles 6 Equipment market … positive signs CapEx growing & the outlook is strong CapEx post-recession recovery cycles Quarterly % change (annualized) 40 30 20 10 0 -10 -20 -30 -40 Forecast 2005 2006 2007 2008 2009 2010 2011 Source: Global Insights Index base: 2000=100; seasonally adjusted (SA) 120.0 115 115.0 Index base: 2000=100; SA 1982 Avg of cycles before 1982 Current 1991 2001 -4 -3 -2 -1 0 1 2 3 4 5 6 7 8 Quarters before/after the end of a recession ATA truck tonnage index up to 110 Index 120 Source: BofA Merrill Lynch Global Research, February 22, 2010 140 135 130 125 120 115 110 105 100 95 110 April ‘10 110 110.0 105 105.0 98 Dec ‘08 100 • Macroeconomic trends suggest broadening economic recovery … manufacturing activity expanding • Mfg capacity utilization trending up to 74% in April ’10 since bottoming out in July ’09 100.0 95 • Uneven recovery across sectors … recovery expected to be led by technology, transportation & construction 95.0 2007 2008 2009 2010 Source: American Trucking Association 7 Lending market strengthening Solid 2010 volume thru April … … and positive outlook for recovery U.S. Leveraged Lending market U.S. Leveraged Lending market $B 2009 2010 $20 $8 Jan $4 $5 Feb Mar $6 $302 $11 $12 Jan Apr Feb $153 Mar Apr Source: S&P Leveraged Commentary & Data Leveraged loan defaults peaked in 2009 Default rate by # of issuers 10% 8% 6% 4% 8.3% 11/09 0.3% 12/07 ’00 ’04 Source: S&P LCD and S&P/LSTA Leveraged Loan Index ’07 Avg ’03-’06 2007 2008 + ++ $75 2009 2010 2011 S&P LCD • Price normalizing … but still at attractive levels with increased activity 6.2% 5/10 • Structures remain reasonable within core middle market space … meaningful equity contribution and debt multiples down from historical highs ‘10 • Industry default rate down 25% from November ‘09 peak 2% 0% ’98 $535 $26 8 Commercial pipeline is building Americas pipeline trend Origination environment outlook $26B $24B $20B $19B In-credit Proposal 1Q ‘09 2Q ‘09 3Q ‘09 4Q ‘09 ++ Healthcare finance ++ Leverage finance ++ Mid-ticket leasing + Inventory finance + Fleet services + Franchise finance = Backlog $17B $15B Vendor & dealer finance 1Q ‘10 Current 9 CLL Americas margins 6.09 6.01 5.75 5.48 5.00 Portfolio Margin%a) New business margin% 3.94 3.64 3.58 3.59 3.56 3.61 3.61 3.54 3.30 2.87 3.36 '07 1Q'08 2Q'08 3Q'08 4Q'08 1Q'09 3.96 4.00 4Q'09 1Q'10 3.70 3.47 2Q'09 3Q'09 a) - CV ex-gains • Disciplined capital allocation • Focused effort driving attractive ROI • Significantly accretive new originations • ’09 new business margin @ 5.7% • Portfolio margin continues to increase • Runoff $49B ’09-’10 @ 2.5% NBM Margins estimated up $1B+ pre-tax in ’10 vs. ’08 10 CLL Americas portfolio quality ($ in billions) Delinquency and non-earnings 2.6% 2.3% Delinquency % $3.2 1.4% Current portfolio dynamics 2.4% • Delinquencies beginning to decline across portfolio led by small ticket equipment $3.2 • Non-earnings down from 3Q’09 peak of $3.5B… expected to decline throughout 2010 $2.0 Non-earnings • Continuing to see pressure in restaurants, transportation, construction & media $0.7 '07 '08 '09 1Q'10 Leveraging broader domain expertise to drive portfolio solutions Credit costs 1.5% 1.3% • Mitigated $800MM+ losses since January 2009 through SWAT team approach 0.9% Loss rate 0.4% $1.4 $1.3 • Reduced exposure by $9B & tightened credit criteria in troubled segments $0.9 Credit costs $0.3 '07 '08 '09 1Q’10 Annualized • Leveraging manufacturing partners to extend inventory repurchase programs 11 Americas portfolio residual analysis Residual realization ratea) Dynamics (U.S. based collateral) 122% • 1Q’10 selected segments realization rates 129% 122% 119% 124% 120% 119% 118% 3Q'08 4Q'08 1Q'09 2Q'09 3Q'09 4Q'09 1Q'10 $0.4 $0.4 $0.3 $0.3 $0.2 $0.3 $0.2 100% – – – – Corporate Aircraft – 103% Copiers – 129% Transportation – 116% Healthcare – 155% (Above 4 collaterals represent 66% of $6.7B of Residual) 2Q'08 Resid. ($B)b) $0.4 • Higher stick rates (70% in 1Q’10) driving improved realization a) Realization rate includes early termination income, automatic renewals income & equipment sale proceeds b) Represents residual dollars disposed during quarter Realization rates holding up well through the cycle 12 Focused & profitable GE Capital 2010 dynamics Strong franchise Funding on plan High-margin origination Delinquencies have stabilized + Direct origination … domain based + Industrial skills … ACFC Reserve coverage near all-time highs + Risk & asset management + Attractive markets Capital ratios improving + Less competition 13