HSC Francisco - the first dual fueled fast using LM gas turbines. Ivan Bach, Program Manager March 2016

Imagination at work Our businesses deliver value

Revenue: $27.6B Revenue: $18.7B Revenue: $7.3B Revenue: $24.0B Profit: $5.4B Profit: $2.6B Profit: $0.2B Profit: $5.0B

Leading globally in power Pushing the boundaries of Enabling utilities and industry Providing our aviation generation & water technology in oil & gas to to efficiently manage customers with the most technologies bring energy to the world electricity from the point of technologically advanced & generation to the point of productive engines, systems & consumption services for their success

Revenue: $18.3B Revenue: $5.7B Revenue: $8.4B Profit: $3.0B Profit: $1.1B Profit: $0.4B

Developing transformational Being a global technology Answering real-life needs, Investing financial, human medical technologies & leader & supplier to the defining trends & simplifying & intellectual capital to help services that are shaping a railroad, mining, marine, routines. Leading a global our customers build their new age of patient care stationary power & drilling lighting revolution to deliver businesses industries innovative solutions

2 COGES2 Feb 2016 Diverse Worldwide Marine Customers Proven … >14M operating hours

Navies • 33 Navies globally • 56 Military Programs USN DDG51 FREMM • 1300+ Engines delivered

Commercial marine LCS-2 Germany F124 • 17 Cruise liners • 19 Fast • 8 Fast cargo ships • 5 Yachts

Queen Mary 2 Francisco Gas turbine value in referenced fleet Fast Ferries Cruise Ships 1992

Emissions …no visible smoke, Low NOX

Power density … advantage vs. diesel engines High power  high speed Small volume  more revenue Low weight  reduced generating space displacement, reduced draft, Small volume & low weight  reduced drag arrangement flexibility … Queen Compact  fits catamaran Mary 2 & Princess installed GT in and trimaran hull form base of funnel 2016 First LM2500 LNG-powered Additional revenue space fast ferry in service! enhances payback Proven … >14M operating hours LM2500 gas turbine is a GE CF6 aircraft engine at heart

LM2500

CF6

GE’s LM aeroderivative engines: • Share the same proven jet engine technology • Are built under the same quality system, in the same factory • Can be serviced worldwide … like a jet engine GE Marine GT genealogy Power Output SHP/KW Applications Thermal Efficiency 59,900 / 44,700 LM6000 MD-11 42.7% CF6-80C2 B747, 767 A300/310/330 LM2500+G4 47,370 / 35,320 40% 40,500 / 30,200 LM2500+ 39% CF6 DC-10

LM2500 33,600 / 25,060 38%

Bombardier 6,000 / 4,470 CF34 LM500 Embraer 32%

All Ratings are at ISO No losses

LM aero derivative designed for marine applications Integrating proven technology for LNG

carrier power & propulsion (All figures are LM2500/+/+G4 only)

Dual Fuel & Gas Combined Cycle Dry Low LNG Fueled Operation + Operation + Emissions + st LNG fueled 69,700,000 10,700,000 12,200,000 1 fast ferry operating hours on gas operating hours operating hours World’s industrial cruise ships 21,600,000 17 578 installations Fastest on dual fuel engines ship Land-based & 42 Offshore 2 x LM2500 Offshore installations make 58 kts 179 land-based Land-based & installations Offshore FPSOs Fast Ferry Value Through system solutions & technology Emissions Engine Availability Power Density Dual fuel Engine Single fuel Engine LM2500

23 MW 20 tons 10 MW Tier III IMO compliance today High standards inherited from 50 tons 10 MW +100 tons … without exhaust after- Aviation flight engines treatment >99% engine reliability Lowest kg/kW ratio

No Methane Slip Support Network Fuel Flexibility

• Gas or liquid fuel operation • Change over in the “fly” • No pilot fuel needed for gas Dual fuel engine, able to World-wide service network operation • Accepts variations in the gas handle wide gas variation Gas Turbine “Swap out” in 24-48 hours composition Francisco Principal Particulars

Length: 99 m Beam: 26.94 m Draft: 2.98 m Deadweight: 450 tonnes Capacity: 1000 passengers 150 cars

Shipyard: INCAT Speed: +58 knots @ 100 % MCR Lightship Owner: Buquebus 52,5 knots service Contract duration: May 2010 – July 2013 speed Class: DNV Gas system: Chart Industries Main engines: General Electric Waterjets: Wartsila LJX 1720SR LM2500 Gas Turbines, Dual Fuel 22 MW Gearbox: Renk Bus 175 LM2500 Dual Fuel Fast Ferry Package Key features • Easy installation (Package, Aux. Skid, TCP and Air Filter) • Low installation weight • Dual Fuel Capabilities - Seamless change over “on the fly” • Under Pressure Ventilation • No pilot fuel needed

• Low NOX emissions • NO methane slip • Easy Maintenance • DNV High Speed, Light Craft certified. • L 10,3 m x W 2.6 m x H 4 m • Package weight 16,3 tons Package Layout

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3/14/2016 Package Layout

Exhaust

LM2500 Gas Turbine

FOD Screen

Inlet Plenum

Gas & Liquid Fuel Valves Front engine removal design Fast Ferry – Engine Room

14 LNG Dual Fuel Marine Package GE Confidential - Distribute to authorized individuals only. December 2010 Fast Ferry Aux Skid Fast Ferry TCP

15 LNG Dual Fuel Marine Package GE Confidential - Distribute to authorized individuals only. December 2010 Francisco’s Route to

Distance: 106 nautical miles Duration: 2 hours 12 minutes 2 daily crossing Competition: Buenos Aires to Montevideo by plane takes +3 hours Key features: First Class, Business Class, Tourist class and 1100 m2 of tax-free shopping 17

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Designs with DF gas turbines

INCAT Austal • Various concepts based on • Various concepts based Austal’s INCAT’s wave piercing catamaran trimaran designs design. • Gas Turbine and CODAG 114 m catamaran configurations • 2 x LM2500 dual fuel, 42.6 knots, 127 m trimaran 1300 tdw, 1200-1400 pax, 560 TLM and 260 cars • 2 x LM2500 dual fuel, 42 knots, 1000 tdw, 1300 pax, 450 TLM and 123 cars

GE Restricted - Distribute to named individuals only. LM2500 Fast Ferry LNG Solution

By using Liquid Natural Gas (LNG) versus Marine Diesel Oil (MDO), ship builders and ferry operators can reduce fuel costs as LNG production increases around the world. LNG fuel is the most cost effective way to meet these regulations. The high power output and low weight and size of aeroderivative gas turbines make them ideal for the fast ferry application.

20 Questions?

21 GE PROPRIETARY - UNCONTROLLED WHEN PRINTEDThank OR ELECTRONICALLY TRANSMITTED you3/14/2016 22 GE PROPRIETARY - UNCONTROLLED WHEN PRINTED OR ELECTRONICALLY TRANSMITTED 3/14/2016