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Net Income + Largest Direct Origination General Electric Company Financial Services - Overview/Strategy "This document contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by words such as "expects", "anticipates","intends", "plans", "believes", "seeks", "estimates", "will" or words of similar meaning and include, but are not limited to, statements about the expected future business and financial performance of GE. Forward-looking statements are based on management's current expectations and assumptions, which are inherently subject to uncertainties, risks and changes in circumstances that are difficult to predict. Actual outcomes and results may differ materially from these expectations and assumptions due to changes in global political, economic, business, competitive, market, regulatory and other factors. We undertake no obligation to publicly update or review any forward-looking information, whether as a result of new information, future developments or otherwise." 2006 second quarter General Electric Company Infrastructure Industrial Oil & Gas Strategy/Integration Commercial Finance Energy Consumer & Industrial Capital Solutions Rail Equipment Services Real Estate Aircraft Engines Plastics Corporate Financial Services Water Silicones/Quartz Healthcare Financial Services Energy Financial Services Security Aviation Financial Services Sensing Fanuc Inspect Tech NBC Universal Healthcare Consumer Finance Network Diagnostic Imaging Europe Stations Clinical Systems Asia Entertainment Info Technology Americas Universal Services Australia/New Zealand Sports/Olympics Bio Sciences 2/ GE / Bold and Italicized text denotes GECC 2006 second quarter Legal structure & ratings commitment General Electric Explicit support Company GE support to ensure GECC 1.1x fixed- AAA/Aaa charge coverage ratio 100% Guarantee of up to $1B subordinated debt General Electric Capital Services, Inc. Implicit support examples Acquisition capital – Heller (~$2.5B) 100% Primary GE General Electric Capital Issuer/Guarantor Corporation AAA/Aaa 3/ GE / 2006 second quarter Local funding entities Commitment to local markets GECC unconditional guarantee Parent rated “Triple-A” Proceeds used primarily to General Electric Capital Primary GE fund local assets Corporation Issuer/Guarantor Access to deeper investor AAA/Aaa base 100% GE Japan GE Capital GE Capital Funding KK Canada Funding European Funding GE Capital Auto Lease GE Capital GE Capital General Electric Public Company UK Funding Capital Canada Inc (Thailand) Australia Funding 4/ GE / 2006 second quarter GECS segment results – continuing operations ($ in millions – net earnings) 2Q’06 2Q’05 V% Commercial Finance $1,057 $872 21% – Capital Solutions 433 325 33 – Real Estate 334 240 39 Consumer Finance $880 $735 20 Infrastructure–a) $472 $387 22 Industrial–a) $60 $36 67 Corp. items & elims. $31 $(2) F (a- Includes only portions of the segment that are Financial Services 5/ GE / 2006 second quarter GECS segment assets GECS & consolidated affiliates ($ in billions) 2Q’06 2Q’05 V% Commercial Finance $206.5 $185.7 11% Consumer Finance 169.4 149.6 13 Infrastructure–a) 56.8 50.5 12 Industrial–a) 19.0 17.4 9 Corp. items & elims. 61.5 64.8 (5) Total GECS – continuing operations $513.2 $468.0 10% Assets of discontinued operations 15.1 143.9 (90) Total GECS $528.3 $611.9 (14)% (a- Includes only portions of the segment that are Financial Services 6/ GE / 2006 second quarter Second quarter consolidated results ($ in billions – except EPS) ($ in millions) Segment Continuing operations -a) Revenues profit Vs. 2Q’06 V% $V% $V%guidance Revenues $39.9 9% Infrastructure $11,332 11% $2,107 10% 9 – Industrial sales 24.4 9 – Financial Svcs. rev. 15.3 10 Industrial 8,788 6 729 15 9 Earnings 4.9 11 Commercial Fin. 5,527 12 1,057 21 9 EPS .47 15 Consumer Fin. 5,268 7 880 20 9 CFOA YTD 14.3 78 Healthcare 4,156 10 795 18 9 – Industrial CFOA 6.7 9 NBC Universal 3,858 0 882 (10) 9 Tax rate – GE (ex. GECS) – 2Q 24% –YTD 24% $6,450 11% 9 – GECS – 2Q 11% (a- Financial Services on an after-tax basis –YTD 13% Strong performance 7/ GE / 2006 second quarter Commercial Finance Corporate Real Corporate Energy Financial Estate Financial Services Services Healthcare Capital Financial Aviation Solutions Services Services Provider of global commercial real estate capital and services Global provider of Innovative financial solutions across the entire supply chain Financing for working capital & capital expansion Provider of equipment, real estate and working capital financing to the global Healthcare Industry Financing Global Energy, industrial and infrastructure development 1,400+ Commercial Aircraft – owned and managed Businesses with small share in big markets delivering through the cycles 8/ GE / 2006 second quarter 2Q highlights – Commercial Finance 2nd quarter dynamics Commercial Finance – 2Q’06 • Strong volume growth +36% $V%– Capital Solutions +13%; Real Estate +72%; Revenues $5,527MM 12% CFS +59%; Healthcare +24% Segment profit $1,057MM 21% • Segment profit remains strong Assets $207B 11% – Strong core growth – Optimizing portfolio & capitalizing on market opportunities Key 2Q business results • Non-earnings, delinquencies & write-offs È vs. Assets Segment prior year & historical averages ($B) profit ($MM) $V%$V% 3Q’06 segment profit dynamics Capital Solutions $91 7% $433 33% • Continued portfolio strength & global growth Real Estate 44 24 334 39 • Stable asset quality 9 3Q’06 outlook … segment profit 10-15% 9/ GE / 2006 second quarter GE Commercial Finance ($ in billions) 20% of GE ~$210 ~10% $191 High visibility + long-term growth Assets ~$5.0 10-15% $4.3 + Accelerate global growth Net income + Largest direct origination + World class risk management '05 '06E ROE 24% ~25% + Scale businesses quickly 10 / GE / 2006 second quarter GE Commercial Finance ($ in billions) Real Estate Capital Solutions ~$40 ~10% ~$95 ~10% $35 $87 Assets ~$1.7 10-15% Assets ~$1.4 10-15% $1.5 $1.3 Net Net income income '05 '06E '05 '06E • Continue to drive a global portfolio • Customer focused … offering integrated • NPI/developing markets solutions • Manage through cycles • Maintain portfolio quality Strong & broad based … room to grow 11 / GE / 2006 second quarter GE Commercial Finance Powerful origination advantage Unique go to market Leverage domain expertise Enterprise selling Healthcare 9 9 Sell full suite of products ~$8B Industry we know … benefit from domain knowledge 9 3,000 accounts targeted 4X 9 Dedicated sales force 9 Drives top line & lower risk 9 Products per customer $2B ’05 financials 1.2 Æ 2+ ’01-’05 17% '05 '06E Assets $13B Volume Net income ~$230MM AAGR European Corporate Finance Transportation ~$320MM 9 Dedicated GE VP, sales 3X 9 Added capability to existing team in ’03 to under- $100MM platform (Citicapital acq.) served market 9 $10B+ in assets, 90K customers 9 Bring US core 9 GE domain expertise … Penske, competencies to Europe '02 '05 Trailer Leasing 9 Taking model to Asia Net income ($MM) 9 Large & deep bench … 8,500+ origination team – Unmatched in industry 12 / GE / 2006 second quarter GE Commercial Finance Diversified portfolio ($~190B assets) Collateral Industry Specialty Other Retail Healthcare A/R + Inv Business Services 8% Trans. 6% Hotels 10% 16% Equip 9% 5% 5% Auto Healthcare Equip. 5% Cash 5% Flow Trucking Franchise 4% 10% 4% 12% Real Estate Tech. 4% Hardware Fleet 5% Vehicles Machinery 4% Equip. 14% Real Other (48) Estate 3% Diversified Fin. 1% or Less 2% 2% Food & Beverage 15% 24% 2% Chemical FF&E/ 4% 2% Building Products 10% 2% Steel Other Equip 2% 2% Corp. Jets Construction Construction Material Dealer Inv Consumer Services Senior secured positions… broad spread of risk 13 / GE / 2006 second quarter GE Commercial Finance Delinquency / Non Earnings (As a % of Financing Receivables) Equipment delinquency Non Earnings 2.10 1.90 1.90 1.70 1.70 1.50 1.50 1.30 1.30 1.10 1.10 0.90 0.90 0.70 0.70 0.50 0.50 '00 '01 '02 '03 '04 '05 '00 '01 '02 '03 '04 '05 Sustained low delinquency Consistent broad based rates… portfolio improvement… 14 / GE / 2006 second quarter Financial Verticals - Infrastructure ($ in billions) Aviation Services Energy Financial Services ~$44 ~15% ~10% ~$13 $40 $11 Assets Assets 10-15% $0.6–$0.7 10-15% $0.7 $0.8-$0.9 $0.6 Net Net income income '05 '06E '05 '06E • Global aviation market remains • Robust market, continue to invest strong…traffic up ~6% in ‘05 • Expand to new segments…wind, solar • Continue to manage N.A. accounts • Strong risk management discipline • Growth in developing markets Domain expertise, broad business momentum 15 / GE / 2006 second quarter GE Consumer Finance Overview •• LargestLargest ProviderProvider OfOf RetailerRetailer FinanceFinance ProgramsPrograms InIn TheThe WorldWorld •• 180,000180,000 locationslocations worldwideworldwide •• OnlyOnly GlobalGlobal IndependentIndependent AutoAuto FinanceFinance CompanyCompany •• 4545 relationshipsrelationships // 3MM3MM carscars •• AA FastFast GrowingGrowing PersonalPersonal LoanLoan CompanyCompany •• 3,4003,400 locations;locations; 225,000225,000 cashcash accessaccess pointspoints •• AnAn EmergingEmerging GlobalGlobal MortgageMortgage ProviderProvider •• InIn 2525 countriescountries today…andtoday…and expandingexpanding A Growing Global Consumer Finance Company 16 / GE / 2006 second quarter GE Consumer Finance ($ in billions) ~$185 ~15% 15% of GE $159 Assets High visibility + long-term growth ~$3.5 ~15% $3.1 + Build out developing countries Net + Balance global portfolio income
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