#1GE Global Growth & Operations Investor Meeting March 7, 2012 Caution Concerning Forward-Looking Statements: 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 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; changes in Japanese consumer behavior that may affect our estimates of liability for excess interest refund claims (Grey Zone); potential financial implications from the Japanese natural disaster; 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 adequacy of our cash flow and earnings and other conditions which may affect our ability to pay our quarterly dividend at the planned level; the level of demand and financial performance of the major industries we serve, including, without limitation, air and rail transportation, energy generation, 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, joint ventures and dispositions and our success in completing announced transactions and 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. "This document may also contain non-GAAP financial information. Management uses this information in its internal analysis of results and believes that this information may be informative to investors in gauging the quality of our financial performance, identifying trends in our results and providing meaningful period-to-period comparisons. For a reconciliation of non-GAAP measures presented in this document, see the accompanying supplemental information posted to the investor relations section of our website at www.ge.com." "Effective January 1, 2011, we reorganized our segments. We have reclassified prior-period amounts to conform to the current-period's presentation." "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."#2Today's agenda Overview and strategy Global footprint - investing in growth markets Latin America . China . Australia & New Zealand · Middle East, North Africa & Turkey Sub-Saharan Africa • John Rice Reinaldo Garcia Mark Hutchinson Steve Sargent Khozema Shipchandler Jay Ireland John Rice Summary & total Company update Q&A imagination at work 2 GE Global Investor Day March 7, 2012#3GE Global Growth & Operations John Rice Vice Chairman, GE President & CEO, GE Global Growth & Operations gε imagination at work 010 01 100 1010010100101010100101010 010001010#4Key messages you'll hear today... • We are a local player ... in markets for over 80 years • • • • • • Targeted & focused strategy... investing, building and leading Optimize global capabilities ... a strategic advantage - R&D centers, supply chain excellence, leadership development Margins in line with global averages Cost out, redeployment opportunity Maintaining appropriate risk profile and protecting intellectual property Right portfolio for today and tomorrow in key growth markets Continued double digit revenue and earnings growth imagination at work 4 GE Global Investor Day March 7, 2012#5GE Macro perspective... plenty of growth in lots of places imagination at work#6Changing economies - top 10 ($ trillion, GDP in current U.S.$) 6 4 2 1990 0 U.S. Japan Germany France Italy UK Canada Spain Brazil China 2011 15 10 T New entrants 5 0 U.S. China Japan Germany France Brazil UK Italy Russia India imagination at work Markets constantly evolving ... growth markets ~50% of GDP by 2025 6 GE Global Investor Day March 7, 2012#7~$4T+ infrastructure fundings globally Provincial hospitals (~$15B) RUCIS infrastructure (~$575B) "Plan Nord" Energy in Canada (~$25B) World Cup & Olympics (~$66B) "Kenya 2030" rail & power (~$60B) Iraq "5-yr" plan (~$186B) China Healthcare FYP (~$180B) Saudi 9th Development Plan (~$385B) China's 12th FYP in power India infrastructure (~$500B) industry (~$840B) Petrobras Oil & Gas (~$225B) Brazil "PAC 2" investment program (~$872B) South Africa Development Indonesia infrastructure Australia building (~$140B) program (~$105B) Plan (~$100B) imagination at work Global drive to increase standards of living 7 GE Global Investor Day March 7, 2012#8Winning in the growth markets imagination at work CFE Thermal $0.2B KTZ Rail Turkey NextEra MSA $0.6B Wind $0.6B Energy (5) $1.1B Egypt Qatar Air 777 UAE Energy (3) $0.4B $0.7B EMAL II $0.2B Cathay Air China B777 B747 $1.4B $0.8B Emirates Algeria Aero TM SEC Direct 13 & PP10 $0.4B 777 $6.0B Amber Jiangshan Quzhou 6FA $0.1B $0.1B $0.2B Greenko Wind GOL OGX T&M Subsea $0.4B $0.2B Angola Subsea Petrobras Renova $0.4B Thermal $0.2B Wind $0.3B Transnet MPX Thermal Locos $0.1B $0.3B India LCA $0.8B Garuda Citilink $1.0B $0.1B Inpex O&G $1.0B $18B+ of recent wins in the last six months 8 GE Global Investor Day March 7, 2012#9Next wave of infrastructure spending Industrial revenues 15-20% ++ growth $0.2B <$0.1B Mongolia $2B Libya $33B S. Sudan $100B Myanmar $78* '01 '11 '15F Senegal Cameroon $1B $3B Ethiopia $7B imagination at work * Transportation FYP Peru $28B Zambia $1B Mozambique $1B Next phase of growth 9 GE Global Investor Day March 7, 2012#10Meeting the world's needs... ~1.4B People with no "basics"... healthcare, electricity, water GE opportunity → Distributed power → Lower cost healthcare → Financing solutions ~3.0B ~70B tons imagination at work New middle class by 2030... demand increases → Improved access to everything → Aviation & Transportation infrastructure needs Annual resource "extraction" growing 2B tons per year → Oil & Gas → Mining → Biofuels 10 GE Global Investor Day March 7, 2012#11GE a leader in global markets GE imagination at work#12GE today Industrial revenue* $62B $73B $93B Growth 18% 27% 37% • Developed 13% 24% 22% USA 69% 49% 41% '01 Excluding NBCU, including GE/GECS elim imagination at work Dynamics "Recentralized" decision making Executing on game changing, local partnerships • Connecting capital to customers • Market driven product development • Global supply chain/local '06 '11 fulfillment excellence ... efficiency Building leadership in growth markets... ~50% of revenue within next 10 years 12 GE Global Investor Day March 7, 2012#13Global growth ($ in billions - Industrial revenue ex-NBCU) Growth markets Resource Rich Rising Asia Developed $24 $15 $18 $20 $10 $5 '06 '11 '06 '11 '06 '11 A&NZ China Europe Canada Germany LatAm 10% CAGR -3X GDR India 12% CAGR -1.5X GDP 3% CAGR ~5X GDR MENAT Japan Russia/CIS SS Africa Excluding NBCU, including GE/GECS elim ASEAN ✓ Growth markets outpacing GDP Korea imagination at work ✓ Doubled revenue in 27 countries in 5 years 13 GE Global Investor Day March 7, 2012#14Growth regions ... strength in '12 ($ in billions - Industrial revenue ex-NBCU) Growing 20-25% Resource Rich Rising Asia Growing 10-15% '12E V% '12E V% '12E V% Russia/CIS ++ China ++ Middle East/North ++ Africa/Turkey Sub-Saharan Africa ++ LatAm ++ India Canada ++ A&NZ ++ ASEAN 1 Win in Resource Rich ... grow share > US 2 Develop Rising Asia for growth & cost ... partnerships, localization 3 Plant new flags ... expand footprint ... grow supply chain 4 Leverage key capabilities ... project finance, innovation imagination at work Excluding NBCU, including GE/GECS elim 14 GE Global Investor Day March 7, 2012#15Reinvesting for global growth • • $20B+ industrial acquisitions since '06 Expanding our footprint... 57% of acquisition revenues global Acquired ~20K+ employees in the global markets HYDRIL smiths Acquired: 2007 Avionics Global revenue: 32% vetco Acquired: 2007 Drilling & production Global revenue: 87% Acquired: 2008 Pressure control equipment Global revenue: 68% Biacore Whatman Acquired: 2006/2008 Life Sciences Global revenue: 65% / 60% Wellstream Acquired: 2011 Subsea drilling capability Global revenue: 96% Well Support Acquired: 2011 Enhanced oil recovery Global revenue: 49% DRESSER Acquired: 2011 Compression, flow, M&D Global revenue: 61% CONVERTEAM THE POWER CONVERSION COMPANY Acquired: 2011 Power conversion Global revenue: 80% imagination at work Acquisitions further accelerate global growth 15 GE Global Investor Day March 7, 2012#16GE Our strategy... leading, building, investing imagination at work#17Global growth equation Benefits • See new business earlier • • Faster, more responsive to local needs Enhance portfolio profitability Connect capital to customers Simplify the GE cost structure Create local leadership pipeline • Approach Investing... products, innovation and localization • Building ... compliance, talent and financing capabilities • Leading... brand, partnerships and R&D Global imagination at work Catalyst for accelerating global growth Local 17 GE Global Investor Day March 7, 2012#18GE imagination at work Investing#19Leveraging global capabilities Oil & Gas Aviation # of engines ~34,000 ~25,900 28% (cfm 31% THE POWER OF FLIGHT 26% 12,000 30% ER ● Breadth of products across Expine Acce NAM 38% 46% sector... D&S, Subsea, M&C, Turbo, Services EUR 34% 39% Growth 28% . Operates in ~100 countries 2000 Today 2016 • Localization strategy... Brazil, Angola, Australia, Indonesia China: Orders $0.2B 3X $0.7B '06 Employees ~200 '11 ~2,300 imagination at work Transportation % of global revenue +16 pts 41% 25% '01 '11 # global locos 63 270 • ~40% of 2016 secured ⚫ $76B CSA backlog, 75% global • 80 manufacturing & service facilities globally •2,000+ customers in 85 countries CFM is a 50/50 JV between GE & Snema (Engines: -7,000 in 2000, -16,000 today &-22,000 in 2016) Engine Alliance is a 50/50 JV between GE & Pratt & Whiney (Engines: 0 in 2000, -120 in today &-450 in 2016) •Transnet partnership in South Africa • Expanding services footprint... 2011 first Kazakhstan Evo signed • 40 year partnership in Australia with United Group Limited (UGL) 19 GE Global Investor Day March 7, 2012#20Global innovation Vscan Vacan ⚫ "Stethoscope of the future" • Global design, manufactured in China • . Pilot in Indonesia w/ mid- wives using credit financing • 4,000 sold to date ... ~80% revenue outside of U.S. ⚫Broad partnerships GATES foundation GRAMEEN™ United Nations Indonesian &BNI Bank imagination at work TM FlexAero Oil & Gas R&D spend $1.0B $0.4B • . . Highest efficiency - - - GT: 50MW... +42% efficiency - CC: >120MW ... +54% efficiency <5 minute start-up • Installation ~65 days ⚫DLE2.0 technology eliminates water requirement '03-'05 '09-'11 1st subsea compressor 1st high pressure CO2 pump •World's largest compressor (100MW) STATOIL BR PETROBRAS Chevron 20 GE Global Investor Day March 7, 2012#21Healthcare example Investing and ... Delivering in growth regions Orders Footprint in Brazil, India, China China 24%V. 2010 '05 V% Engineers 1,859 97% '10 '11 Manufacturing team 1,913 81% LatAm 25%V Other 24%V '10 '11 India 23%V Total employees 8,460 120% Factories 10 100% '10 '11 '10 '11 Sourcing buy ($MM) 584 143% ASEAN 41%V ICFC products 32 16X '10 '11 imagination at work Double digits across growth regions 21 GE Global Investor Day March 7, 2012#22Global new product development Value Ultrasound US Deep product expertise Austria 30 years of ultrasound software knowledge India Engineering talent Korea Developed supplier base Design & development Manufacturing Launch markets imagination at work MENAT ASEAN Cycle time 50% ... costs ↓ 35% 22 GE Global Investor Day March 7, 2012#23Service / supply chain localization • 2009: Break ground Phase I investment 2010: 2011: Haiphong, Vietnam Start production Optimize process and ramp up • Shipped 400 Wind generators • and cost Shipped ~2.5x Wind generators Added 2 new wind components @ 20% savings 2012: Maximize cost benefit & grow • Ship 50% more Wind generators • Expand local sourcing • 2013: Expand portfolio Diversify into Wind electrical components Phase II for other Asia demand World class capability Expand capacity Cost savings 20% Perth, Australia ~$3B orders Pune, India ~$1B output by 2015... 30% cost out . • $100MM multi-biz service facility... Energy, Transp. . • Localization of service & engineering • Increases productivity & customer efficiency ⚫Skills development • $200MM multi-product manufacturing... MCS, O&G For local & global distribution • Design & process engineering co-located • Product showcase site for GE customers Access to growth markets while driving lower cost imagination at work 23 GE Global Investor Day March 7, 2012#24India "in country for country" & beyond Strategy & approach • Products meeting India need... global applicability Gasifier . • Going beyond design enhancements ... "grounds up" development Super Value CT Product funnel Examples 42 launches in 2012 • Multi-fuel biomass Gasifier •Reliable power at grid prices • Clean energy • Disruptive rural price point... <$100K • Access to key diagnostic capability... true market creation . . Engineering & local manufacturing ... speed & efficiency • "Learn by doing"... customer pilots Wind Life Care Solutions • ~100GW wind potential •High & low wind alternatives • Margin expansion... 30% lower costs • Partnering with "East meets West" ... NGO with experience in Vietnam $40MM investment, $1B revenue opportunity by '15 imagination at work 24 GE Global Investor Day March 7, 2012#25Global services capability ($ in billions) Service backlog $147 50 $93 U.S. 46 97 Global 47 '06 % global -50% '11 66% ⚫$147B GE service backlog 2012 footprint expansion "OneGE" approach to footprint strategy understand needs of all businesses Region Location Repairs Manufacturing Distribution Russia/CIS Russia . Industrial installed base (IB) growing 4% year MENAT Saudi Iraq 91 repair/service sites, 38 in growth markets UAE SSA Angola • ~50% of IB attached to Monitoring & Diagnostics ... software opportunity Nigeria A&NZ Australia Latam Brazil imagination at work Services provide competitive differentiation 25 GE Global Investor Day March 7, 2012#26GE imagination at work Building#27Strong GE DNA Global senior leadership ~1,900 +9% CAGR ~1,200 '06 '11 % of total Company 28% 36% imagination at work • • 2011 actions "Recentralizing" decision-making 1,700 mid-management roles added in growth regions ... 96% local Recruitment COE's placed in regions Strong employer brand... global opportunities for employees Leadership training ... long term investment into people Attracting & retaining 27 GE Global Investor Day March 7, 2012#28Bigger leaders in growth markets (adds in last 12 months) Canada China Friesen (CFO) 17 yrs GE (FMP) CAS, Cap., Rail, Special Mtls, AE, HBS Latin America Garcia (CEO) 27 yrs GE (FMP) CAS, HC, Ind. Sys., Lighting Garcia (CFO) 15 yrs GE (FMP) CAS, Corp., Energy Fama (HR) 18 yrs GE (HRLP) Lighting, Appl., O&G, Corp. MENAT Hutchinson (CEO) Tu (CFO) 18 yrs GE RE, Cap. Mkts India 15 yrs GE Plastics, Energy Davies (HR) Shipchandler (CFO) Khattab (Growth) Bresenham (HC) Agarwala (Energy) 22 yrs GE (EEDP) Healthcare 3 mo GE TATA 4 years 10 yrs GE AE, HC, Cap. Infra. Ind. Sys. 15 yrs GE (FMP) CAS, Money, AE, Plastics, Corp. 4 yrs GE Africa Oil & Gas Schlumberger Wanchoo (Growth) 14 yrs GE Healthcare Modak (CFO) 26 yrs GE CAS, Appl. Int'l, Cap., Corp Australia Bertoni (BD) Jardim (Legal) D Granados (Growth) 11 yrs GE Energy imagination at work 6 yrs GE Int'l 11 yrs GE HC, Corp., Int'l Ireland (CEO) Oates-Forney (HR) Konditi (CFO) 31 yrs GE (FMP) CAS, Plastics, NBCU, Corp. 13 yrs GE Cap., Energy, C&I, Corp, O&G 12 yrs GE CAS, Plastics, Cap., Corp. 300+ years GE experience, 36% Corporate Audit Staff Liu (Gov't) 8 mo. GE Microsoft Sargent (CEO) Cartledge (CFO) 19 yrs GE Capital 21 yrs GE (FMP) CAS, Plastics, Energy, MCS 28 GE Global Investor Day March 7, 2012#29Connecting capital to customers Orders supported with financing ++ • Enhancing capabilities Structured finance expertise $6.5B • Strong global relationships • Asset & industry knowledge • 100+ worldwide experts in 25+ countries • Leverage GE Capital capabilities Mark Kleinman, new S&PF GM - 25 years experience - Private Equity & Banking - Former Treasurer JP Morgan Today Future Mongolia 50MW Salkhit wind farm - 1st major renewables project in Mongolia KTZ national railroad in Kazakhstan • Contract for new GE diesel loco kits ... 196 locos ECA Multi-lateral Agency Development Banks Int'l + local banks Capital markets, SWF, Private equity Project development & coordination with GE Capital imagination at work Established track record ... more to come 29 GE Global Investor Day March 7, 2012#30GE imagination at work Leading#31Managing risk globally What keeps us out of trouble 1 Reputation Open reporting .... Robust ombuds mechanism 2 3 Orphans... eliminating unnecessary orphans and increasing oversight Regulatory excellence... domain expertise and process • Locally: a competitive advantage • Nigeria 163MM people • '12E GDP: 7% '12 Gov't Spend: ~$8B - 143rd on corruption * perception index July '05: GE Energy bids to Nigerian government... "we certify as a condition of our bid that GE shall not authorize, permit or tolerate any improper payment..." • Sept '05: Order for 18 gas turbines (~$0.4B) . May '09: "Company to Country" MOU - early wins: 25 locomotives with option for 75 4 Managing third parties/partners... rationalizing & strengthening process; IP protection ⚫ Feb '12: Immelt with President Jonathan ... further cooperation ++ 5 Communicating and responding ... constant messages from leadership imagination at work $0.5B $0.2B '01 '11 '16F Reputation for integrity is a global GE advantage 31 GE Global Investor Day March 7, 2012 *Source: Transparency International#32Growth through partnerships Building strong relationships Air Asia 20-yr partnership, 400 LEAP (CFM) engine order EBX Partnering in O&G, ҚАЗАҚСТАН ТЕМІР ЖОЛЫ VALE سوناطرای سونلغاز 4도 SONELGAZ Sonatrach TOTAL PowerGen & Marine Evo assembly with KTZ in Kazakhstan's Astana plant Alliance w/ world's largest iron ore producer Investing in Algeria ... Algesco & Hamma JVs Playing critical role in global O&G projects imagination at work • Orders & commitments ~$1B '07 $11B '11 People... training & education Technology... R&D, co-innovation Localization... in-country capability ⚫ Growth... long-term success CFM is a 50/50 Joint Venture between GE & Snecma Established partnerships lead to growth 32 GE Global Investor Day March 7, 2012#33Next wave Rostechnologii INTER RAOUES AVIC 7 中国华电集团公司 CHINA HUADIAN CORPORATION Key wins/commitments 5x+ $1.3B Russia JVs AVIC Huadian JV 43002 مبادلة MUBADALA '11 '15F • Government cooperation وزارة الصحة • ⚫ Technical leadership Ministry of Health • Saudi MOH Transnet Mubadala Local capabilities • Healthymagination / Ecomagination imagination at work New relationships accelerating growth 33 GE Global Investor Day March 7, 2012#34New Russian partnerships INTER RAQUES U.S. Turbine product engineering Design & development Manufacturing Sourcing France Russia Rostechnologii Healthcare product engineering & subassembly Final assembly Test, Service China Healthcare subcomponents imagination at work Energy, Healthcare JVs announced in Sept 2011 Assemble, sell, & service GT's (4.6GW) ... local assembly '13 oduction of diagnostic imaging equipment $0.5B orders booked to date GE technology + strong partnerships $10B - $15B opportunity 34 GE Global Investor Day March 7, 2012#35The global research advantage • • 5 multi-disciplinary R&D centers ... 4 outside of the U.S. ~3,000 GRC research team, ~1,000 global ~40,000 GE engineers worldwide, ~22,000 global • Over $5B R&D spend Expanding IP coverage ... global patent apps +88% since '08 China Technology Park: Shanghai . Over 1,200 engineers Leading ICFC efforts Connected to Innovation Centers John F. Welch Technology Center: Bangalore •Over 4,200 engineers • First global site ... 1999 • Growing emerging market focus Global Research Europe: Munich •Over 170 engineers Located on tech campus (TUM) Clean, distributed energy focus Brazil Technology Center: Rio de Janeiro (2013) ⚫ Capacity for 400 engineers • O&G, Transportation focus Customer & university relations imagination at work Product innovation is everywhere 35 GE Global Investor Day March 7, 2012#36Extending the brand Programs offered in 2011 Leadership For Customers (LFC) Global Customer Summit China Leadership Innovation Session (LIS) Regional "Train the Trainer" & local delivery ⚫Leadership skills development · • • • • 55 customers... 5 growth regions Establish GE as a thought leader • Share insights and best practices 145 customers... 5 growth regions Provides intact leadership teams critical "time to think" about growth 14 businesses, 140 customers • • 4 day session held in Shanghai China CEO program China CEO Program imagination at work Focus on 21st Century/Future Workplace Leadership • 28 CEO's... 2-week session China Leadership Innovation session in Shanghai 15 years... over 4,000 global alumni 36 GE Global Investor Day March 7, 2012#37Globalization complexity Evolving landscape Operations in~150 countries ~9,600 shared servers worldwide $3.4B on P&E and software in 2011 ~30K enabling function resources in 85+ countries ~461 global M&A deals from '01-11 ~80K employees working in growth markets Lean • . "One-GE" strength GE Advantage speed quality Six-Sigma imagination at work Imperatives Maximize scale Minimize duplication • Reduce SG&A Focused on simplifying the structure 37 GE Global Investor Day March 7, 2012#38Three year roadmap Company strategy Goal Systems Ledgers ERPS >75% reduction >20% reduction Approach & opportunity Targeting 1pt SG&A reduction P&L Fewer Structure Span Layers Greater • Down Continued acquisition integration • Enabling processes Shared services Up Headcount Down imagination at work • World class functional alignment IT consolidation ... scale, productivity Redeployment... developed to growth Target $1B over ~3 years 38 GE Global Investor Day March 7, 2012#39Driving profitability GE margin + ~15% '11 '12E '13F ~50 bps/year through 2013 imagination at work • Global strategy Growth market margins in line with global average Localization of supply chain / manufacturing High service mix and local products with higher margins • Driving simplification . Total Company 1pt SG&A, $1B improvement over 3 years 39 GE Global Investor Day March 7, 2012#40GE imagination at work Positioned to win ... optimize global and local capabilities#41Positioned to win Opportunities Distributed power Go where the grid will not Mining / Oil & Gas Scale & significance Rural, remote healthcare Access to those in need Transportation For the new middle class Partnerships Helping customers grow imagination at work Regional focus SS Africa opportunity Distributed power ... Aero & Gas LatAm mining & biofuels A&NZ O&G services In Angola for company وزارة الصحة Ministry of Health China rural health Saudi MOH & beyond Winning new markets South Africa wins LatAm localization NIGERIA 787 POLING China air growth مبادلة China Wind JV's Nigeria CTC Providing solutions globally & locally MUBADALA Expand partnership 41 GE Global Investor Day March 7, 2012#42Investing in growth markets Latin America China Australia & New Zealand Middle East, North Africa & Turkey Sub-Saharan Africa Reinaldo Garcia Mark Hutchinson Steve Sargent Khozema Shipchandler Jay Ireland imagination at work 42 GE Global Investor Day March 7, 2012#43imagination at work Latin America Reinaldo Garcia ✓ 27 years GE experience ✓ US, UK, France, Brazil ✓ CAS, H&BS, Energy, Healthcare#44Latin America overview Footprint Macroeconomics GE footprint '12E GDP: $6.4T/3.9% Population: Gov't spend: 592MM ~$1T First entered: # of industrial sites: 60 Employees: ~19,700 1896 Mexico + CAC '12E GDP: $2.1T, 4.0% Total pop: 196MM Andean Region '12E GDP: $1.2T, 4.0% Total pop: 131MM South Cone '12E GDP: $1.0T, 3.9% Total pop: 68MM imagination at work '12E GDP: $2.1T, 3.7% Total pop: 197MM Brazil Source: Oxford Economics Industrial revenue* 12% CAGR $6.6B $3.7B • • '06 '11 Sustained economic growth ... GDP ~4% driven by domestic demand & services Outstanding '11 GE performance ... organic revenues +20% ... all industrial businesses showing double digit growth Great '12 outlook... strong pipeline and opportunities all across the region ... different strategies & local capabilities ⚫ New Global Research Centre in Rio ... high-tech solutions for GE & their customers 44 GE Global Investor Day March 7, 2012 *Excluding NBCU, including GE/GECS elim#45Macro dynamics drive opportunity Area/Opportunity Approximate Capex/Invest. (by '15) Identified CY spend GE opportunities 1 O&G ~$225B (Petrobras plan) $45B Full subsea solution 2 Mining ~$155B ~$28B Power, water & productivity solutions Energy plants 3 KUNTUR Kuntur Project $13B+ SALT ANDING DEL SUN 4 Biofuel ~$26B ~$4B Waste & vinasse treatment & transformation 5 Wind ~$16B ~$3B+ Wind turbines ... 13 GW Brasil 6 Rio2016 Mega-events ~$46B ~$9B (World Cup & Olympics) (ex High Speed Rail) imagination at work Infrastructure expansion Great opportunities in the region ~$50B for GE 45 GE Global Investor Day March 7, 2012#46Oil & Gas momentum Regional dynamics Brazil • Record oil discoveries • 30% of global deep water drilling Venezuela Largest oil reserves • Mexico • PEMEX reform Acquisitions • Opportunity 典 Wellstream Well Support • Pressure Control Electrical Submersible Pumps Logging Services $0.8B orders in '11 • +2.2k employees • 9 new service sites Broad subsea + enhanced oil recovery & shale play . Argentina Shale potential Colombia • 100+ E&P companies active O&G production in Brazil (mboed) Petrobras OGX Others (10% CAGR) 4.6 7.6 2.6 2.1 '06 '11 '15F '20F imagination at work Outlook Investments ++ $1.7B $0.8B '10 '11 '12E '16F 2X + GRC center in Rio + Capacity expansions - $140MM flexible risers - $32MM services - $16MM x-mas trees + Competitive advantage + Full product suite + Localization + Service capability Positioned for Oil & Gas super cycle Source: Petrobras & OGX business plans 46 GE Global Investor Day March 7, 2012#47Mining in Latin America • Latin America opportunity ~27% of global mine exploration GE solutions $7B+ opportunity through 2015 in mining products/services Iron Nickel Copper Nickel Coal Copper Silver Copper Power Supply & reliability in remote areas Steam turbines Heavy duty gas turbines Aero deriv. turbines Jenbacher engines • Growing capex . • Energy consumption and environmental concerns increasing Water Supply & management/reuse Desalination Dust control • Remote operations and sustainability... managing talent constraints and safety of operations Acid mine drainage Mobile water systems Productivity Utilization of capital process improvement OHV drives Locomotives Remote monitoring Automation imagination at work $7B+ GE opportunity through 2015 47 GE Global Investor Day March 7, 2012#48Peru... Kuntur Project • Peru... strong growing economy • Infrastructure expansion... mining, energy, healthcare KUNTUR GASODUCTO ANDINO DEL SUR Gas & liquid pipeline system • Main GE opportunities: Block 58: Block 57: 54% REPSOL tagge 100% BR PETROBRAS 46% Lima BR PETROBRAS PowerGen Pipeline Petrochemical ind. complex $400MM treatment plants Gas & liquid pipelines Power Gen. Compressors, water Compression stations: $250MM compressors, pumps, valves $200MM Gas turbines, generators LNG Plant Fractionation Gas separation plants $100MM Turbo compressors Fractionation plant $50MM $1B Compressors ⚫ Next steps: Gas certification (June) Project procurement ('12-'15) Petrochemical Separation PowerGen Fertilizer Kuntur partners ODEBRECHT Engenharia e Construção Braskem BR PETROBRAS imagination at work $13B+ regional spend ... $1B GE opportunity ~400MM +4,000MM Sea level 48 GE Global Investor Day March 7, 2012#49Next wave: Biofuel Production (B liters) Players Local Vale Petrobras raízen Tereos ETH Today International Shell Tomorrow • Large players consolidation & Bp Codexis • Local... expanding participation, new entrants Bunge solazime • International ... diversification, new technologies 24 28 Demand Supply 2010 47-52 44 Demand Supply 2015 • Demand... regulatory mandates & flex-fuel fleet Supply constrained... low feed-stock availability GE Oppty Waste 86 Triveni ENGINEERING & INDUSTRIES LTD. 86 Generators Water imagination at work Purification 86 P&W Waste Ze Bio-electricity Waste Gasification system Biogas Liquid MBR/EDR Vinasse water treatment Water 4X more GE content ... ~$5B opportunity Biogas Gas engine Bio-electricity Methane Gas engine Bio-electricity 49 GE Global Investor Day March 7, 2012#50Great products for local needs Locomotives From Brazil to the world ⚫50 years... 1,300 locomotives . +50% Brazilian content ⚫2011 production 110 locos, 41% of global shipments • • Distribution into LatAm & Africa Brazilian Dev. Bank (BNDES) support... +$0.5B Gas Turbines Flexibility and efficiency • Big installed base (+400 GTs) ... large service platform • Won 18 of 26 GTs bid in LatAm in '11 ... 100% penetration in Brazil & 69% in Mexico a) • Localization of Aero GTs packaging & services Healthcare In country, for country First Brazilian plant in Contagem (Minas G.) Initial manufacturing of X-ray, CT & mammography • Future expansion to PET, MRI & MS... focus on local needs • ~4x increase in unit volume production from '11 to '12 ocredito oneBrasil marco cer a) As of Q3 2011. Source MC Coy database. imagination at work 50 GE Global Investor Day March 7, 2012#51Financial outlook Industrial revenue* 36% $6.6B $4.8B ++ Strategy & approach Strategic GE market • Well diversified ... businesses & countries • Regional economic growth continues... infrastructure focus Sustainable growth • • Strong teams in place Focus on customer "solutions"... mining, off-shore, biofuel Expanding GE operations... localization, key accounts • '10 '11 '12E * Excluding NBCU, including GE/GECS elim imagination at work Great '12 and long term outlook 51 GE Global Investor Day March 7, 2012#52China Mark Hutchinson ✓ 18 years GE experience ✓ HK, UK, US, Japan, France, China ✓ Energy, Capital Markets, Real Estate imagination at work#53China overview Footprint Macroeconomics '12E GDP: $12.0T/7.7% GE footprint Industrial revenue* 12% $5.8B CAGR # of sites: 50+ $0.9 Population: 1.3B Employees: 17,000+ $3.3B Gov't spend: $1.7T First entered: 1906 $4.9 $0.1 $3.2 China '12E GDP: $10.8T, 8.2% Total pop: 1.3B 0 imagination at work Hong Kong '12E GDP: $0.3T, 3.6% Total pop: 7MM Taiwan '12E GDP: $0.8T, 3.7% Total pop: 23MM '06 '11 Significant opportunities in infrastructure and healthcare Strategic partnerships with national SOE champions: Avic, State Grid, Shenhua Increased localization with IP protection Global and local innovation capabilities Upgraded key leadership roles Source: Oxford Economics r Non-consolidated revenue *Excluding NBCU, including GE/GECS elim 53 GE Global Investor Day March 7, 2012#54Area 12FYP investment Macro dynamics drive opportunity Identified CY spend GE opportunities Energy 1 Add capacity ~560 GW Energy saving ~$520B ~70GW ~$100B Gas, wind, Jenbacher, aero, digital energy Aviation 2 BY 2010: 47 NEW AIRPORTS 3 Healthcare ~$229B ~$45B Engines, services, avionics systems ~$180B ~$28B Equipment, service, IT ~$90B future GE opportunities imagination at work 54 GE Global Investor Day March 7, 2012#55Energy Gas expansion Gas supply (BCM) 60% 270 170 '11 '15F Installed base ~180 GE heavy duty GT Positioned for growth Revenues $(B) $2.0 $0.9 ++ '06 '11 '16F • Win on gas and flow businesses • Significant gas expansion... additional 20,000km gas pipelines • ~$7B opportunity for gas turbines ... 3x increase in market size ~$2B opportunity for turbo- machinery and compressor imagination at work . © 70 6FA/BS, 74 9Es and 35 9FAs ~50% of China's gas generation • ~70% total service coverage • ~$1B orders in 2012 for gas turbines and service Massive gas opportunities • Partnering with national champions • Build competitive cost position • Establish China based businesses 55 GE Global Investor Day March 7, 2012#56Aviation Airline traffic Airports Airline fleet Invest in the future # of engines 4,484 2,188 C919 China's first large aircraft 36% Others 30% cfm 231 45% 175 49% 2010 2015 • Leading traffic growth (8%) • • Investing $229B in Aviation • 31% increase in airports 1,000 new airliners (70% announced); 900 BGA planes imagination at work • 14% In Service 24% Orders GE & CFM leading in commercial engines Won 11/16 recent engine campaigns ✓ Recent wins - Cathay $730MM (2 deals), Air China $370MM, CDB leasing $290MM $9B service backlog; recent wins - Cathay $2B, Air China $425MM Rapidly growing aviation market ... GE an industry leader Highest GE engine/avionics content on any aircraft ⚫ Game changing partnership with AVIC on Avionics Strong domestic demand & international potential Sole source engine position 56 GE Global Investor Day March 7, 2012 CFM is a 50/50 Joint Venture between GE & Snecma Engine Alliance is a 50/50 joint venture between GE & Pratt & Whitney#57Healthcare ... localize innovation • 6,400 employees ... 95%+ local leadership • 10,000+ accounts first visit by GE Plants Offices R&D center • 5 manufacturing, 3 R&D/innovation centers • ~1,300 design engineers Revenues 166 product family $1.4B • 22,600 installed base $0.6B Logic C-series U/S Local design, local manufacturing Starlight X-ray 7% cost reduction • 57% cycle time reduction •2% margin increase imagination at work . . 40% cost reduction 50% cycle time reduction • Hold margin rate at low price '06 '11 '16F Brivo CT 315/325 . • 23% cost reduction 25% cycle time reduction •9% margin increase 57 GE Global Investor Day March 7, 2012#58Strategic partnership Successful partnership 2003 GE Gas Turbine Bundle buy HE Next wave... with national champions 国家电网公司 STATE GRID CORPORATION OF CHINA 哈电集团 - Largest utilities company 中航国际 AVIC AVIC INTERNATIONAL 2010 ABELEC CORPORATION Over 100 Heavy Duty Gas Turbines ... all under long term service agreements Shenyang: Wind Turbine JV Jiangsu: Onshore turbines Offshore turbines & Svc Expand to new products & new markets - 2011 revenue ~$260B 中国华电集团公司 CHINA HUADIAN CORPORATION - Top 5 power gen company - 2011 revenue ~$20B - Only civil aircraft maker - 2011 revenue ~$40B 中国神华 CHINA SHENHUA - Largest coal company - 2011 revenue ~$44B We protect our intellectual property ... play offense & defense • "Keep what's important" (don't transfer everything) • We have known of our partners for a long time Robust legal structure & process around our IP • Continuously invest to stay ahead imagination at work Strong pipeline ... >$10B opportunities by 2020 58 GE Global Investor Day March 7, 2012#59Financial outlook Industrial revenue* 32% $5.8B $0.9 $4.4B r $4.9 ! $0.6 ! $3.8 '10 '11 r Non-consolidated revenue * Excluding NBCU, including GE/GECS elim imagination at work ++ '12E Strategy & approach 1 Strong execution - Win big projects - Boost flow deals 2 China face - Strategic partnership - Localization 3 Leadership & talent - Local leadership - Mid-career talent bench Career Charber 中国 制造 Made in China Long cycle businesses driving double digit growth 59 GE Global Investor Day March 7, 2012#60Australia & New Zealand Steve Sargent ✓ 19 years GE experience ✓ US, UK, Japan, Australia ✓ Capital imagination at work#61A&NZ overview Footprint Macroeconomics GE footprint Industrial revenue* 32% CAGR '12E GDP: $1.4T/3.0% # of sites: 74 Population: 27MM Employees: 5,700 Gov't spend: ~$30B Present since: 1896 $0.7B Australia 's a New Zealand Source: Oxford Economics Excluding NBCU, including GE/GECS elim $2.9B '06 '11 Great GE market • • • • • 20th consecutive year GDP growth, 2X OECD Government debt to GDP 11% Stable/secure source for Asia energy needs Huge infrastructure investment ~$760B $38B China FDI ... #1 4th largest fund market ... $1.8T under mgt. #1 market for GE O&G, #2 for GE Capital imagination at work Minerals & energy source for rising Asia 61 GE Global Investor Day March 7, 2012#62Significant A&NZ infrastructure investment Approximate Identified CY Invest/Capex $ spend $ Growth dynamics 1 Rising Asia ~$500B urbanization ~$100B Market opportunity Massive long-term mineral & energy investment • Largest LNG exporter by '17 • GE opportunity $3B LNG projects won, $3B+ to go + services Environmental 2 regulation ~$40B ~$10B 3 High population ~$220B growth ~$20B • 4 Mid market financing ~$35B SAS Price on carbon → ETS; 20% renewables by '20 & brown coal to gas transition • Leading water treatment regulations Population growth #1 in OECD... +5.8% ('08-'10) • 84% domestic air travel since '01 • 5% peak increase in energy demand Well regulated & capitalized market • European banks retracting ... mid market opportunity for GE Capital • Wind, $16B+ & ~$4B gas • • . CSM water treatment Healthcare spend up 200 bp to 11% of GDP by '15 GENX engines, won • Major city LED projects • $10B+ incremental commercial finance market imagination at work ~$30B opportunity for GE products & services 62 GE Global Investor Day March 7, 2012#63LNG & Coal Seam Methane: multi- business, market driven opportunity ~$200B projects under construction World's largest LNG exporter by '17 • Project additions ... greater than Qatar current total capacity GE equipment on every project Darwin 2 coPhil Prelude FLNG INPEX Ichthys Inpex PTT FLNG coPhil Sunrise FLNG Santas Bonaparte FLNG QGC LNG 30% Coal Seam Methane • ⚫ $45B of committed CSM projects • Supported by long-term export contracts with China, Indonesia, Korea, Taiwan and Japan Significant industry challenges Pluto 1-2-3 Browse Chewron Wheatstone Chevron Gorgon 1 - 4 Reserves • 3.4 TCM conventional gas Galilee Bowen basin basin Santos GLNG Stuart basin Sydney basin AP LNG 1-2 docoPhil ongin Shell Arrow Fisherman's LNG . 4.2 TCM CSM • 400+ mega litres of water per day • Shale gas reserves ... potentially greater than CSM imagination at work Extensive long term infrastructure investments ... GE sweet spot 63 GE Global Investor Day March 7, 2012#64GE playing critical role in CSM ($ in billions) 5yr equipment market opportunity 1 LNG Facilities 2 Wells ~$2.0 O origin ~$1.0 GE playing a central role ConocoPhillips AU lopec Santos TOTAL PETRONAS KOGAS 3 Nodal Compression ~$0.5 4 Pipelines g QGC A BG Group business BG GROUP ~$0.5 GE arrowenergy • 5 Water Treatment ~$2.0 . Total $6+ • Orders booked ~$3.0 Industry leading water & salt solutions Supported industry on community & government engagement Industry partnerships ... built skills and training programs To Go ~$3.0 +services imagination at work $6B+ GE equipment & services opportunity 64 GE Global Investor Day March 7, 2012#65Expanded capabilities in LNG SERVICES Ichthys Field Overview Global Services and Subsea Systems MEASUREMENT & CONTROL POWER & WATER 4 Frame 6, 3 Steam Gen Joint Petroleum Kitan Field Development Bayu-Undan Field Area (JPDA) Ichthys Field WA-37-R -WA-285-P 300 Derby Broom TIMOR SEA • SUBSEA SYSTEMS • XT & Manifolds AUSTRALIA • $70 billion off take agreements Inpex Corp (Japan) partnering with Total 2 trains... 8.4MM tons per annum Opportunity for expansion First production in 2016 Controls LD TURBOMACHINERY Offshore + LNG 6 Gas Gen, 4 Frame7 10 Compressors ✓ Complete offering enabled by core + acquisitions imagination at work . $1B orders won ... additional opportunities exist 65 GE Global Investor Day March 7, 2012#66Localizing service capability Growing installed base Up -20% from 2006 Investments Perth ... multi-modal services facility . • $100MM investment ~$3B orders GE installed ~1,800 "units" '11 '15F Great service annuity Service revenue as % of total ~25% revenue ~50% '11 '15F imagination at work • Improved capability • Cross business ✓ Subsea Turbo machinery ✓ Power generation + Transportation Customer partnerships ... filled skills gap • Skills development • Government sponsored Better positioned to compete 66 GE Global Investor Day March 7, 2012#67• Building local wind capability Significant opportunity ~$16B Mandated 20% renewables by '20 ... 14GW new sources ... mostly wind • Customers want renewable MW, not just a turbine . Developers require funding and off- take certainty Tailored GE's strategy to customer needs • • Developed targeted pipeline Delivering a turnkey solution... added local domain experts, prime EPC • Enhanced retailer/generator partnerships • Development funding investments • Turnkey CM > to global • Strong EFS investment returns ~2% + ROI imagination at work Localized approach driving growth + margin 67 GE Global Investor Day March 7, 2012#68Financial outlook Industrial revenue* 67% $2.9B $1.8B ++ Strategy & approach Great market for GE . Fastest growing developed economy Huge infrastructure investment supporting growth in Asia • Long term investment project & demand Well positioned for growth • Invested in local capability ... coal seam methane, wind & Perth 50% '11 orders tied to local capability '10 '11 '12E . Solving industry challenges * Excluding NBCU, including GE/GECS elim imagination at work Expanding installed base & service revenues Invested for double-digit growth in '12 & beyond 68 GE Global Investor Day March 7, 2012#69MENAT Khozema Shipchandler ✓ 15 years GE experience ✓ US, UAE ✓ CAS, Aviation imagination at work#70MENAT overview Footprint Industrial revenue* 11% CAGR $8.6B Macroeconomics GE footprint '12E GDP: $5.1T, 4.1% # of sites: 105 Population: Gov't spend: 703MM $1.7T-a) Employees: ~4,200 First entered: 1930's $5.1B Turkey Algeria '12E GDP: $0.2T, 4.8% Total pop: 36MM '12E GDP: $1.0T, 2.2% Total pop: 74MM Iraq '12E GDP: $0.2T, 9.4% Total pop: 33MM '06 '11 Egypt '12E GDP: $0.5T, 3.0% Total pop: 83MM • • $3-$3.83 Saudi Arabia '12E GDP: $0.6T, 5.2% Total pop: 28MM . Added ~3,000 employees Strong leadership ... 3 VP's, 10 SEB's, 90 EB's 2X backlog... $27B Services Forged GE-Mubadala strategic partnership • Re-entered Iraq; Libya & South Sudan next imagination at work Source: Oxford Economics (a- Over 5-year period based on government investment plans * Excluding NBCU, including GE/GECS elim 70 GE Global Investor Day March 7, 2012#71Government & other funding Approximate Identified Capex/Investment $ CY spend 5-year plan ~$385B Saudi Increase employment, balance economic development 5-year plan Key GE opportunities ~$80B • 21 GW added electricity production . • . 117 new hospitals; 750 primary care Airbus 320neo and Boeing 737 MAX ⚫ +20 TW/hr electricity generation • ~$300B ~$60B Building new operating Gulf platforms, diversify economy 5-year plan ~$186B ~$50B Increase oil production, build Iraq infrastructure & diversify 5-year plan ~$286B ~$70B Algeria Address social needs, improve healthcare, power & water -a) Vision 2023 ~$300B ~$60B Top 10 economy, invest in Turkey Energy, Health & Transport Vision 2030 ~$300B Job creation, better healthcare, Egypt more housing & power imagination at work ● • +1 GW/year power generation +4 million barrels/day oil production +3 GW by '13, 40% renewable by 2030 Healthcare: $1B by '14, 172 hospitals +40 GW electricity, 11k km of railway • 22 healthcare PPP campus ~$50B • . +53 GW power generation by '27 +7 GW of wind projects Massive opportunity across region (a-Government driving privatization of new investments 71 GE Global Investor Day March 7, 2012#72Key markets ($ in billions - Industrial orders) Today Next Saudi Arabia ++ Iraq $2.2 $2.0 ~1,000 employees, 10 GE facilities 13% CAGR ⚫ Partnerships... MOH, SEC Egypt $1.4 '06 '11 '12E Turkey Libya $0.8 ++ $1.0 $0.4 • ~600 GE employees 5 facilities Partnerships... TEI, Tulomsas Pakistan '06 '11 '12E '06 '11 '12E Gulf-al ++ $3.3 $2.3 '06 '11 '12E ⚫~1,500 employees 20 facilities Partnerships... Emirates, QP (a- Includes: UAE, Kuwait, Qatar Iraq... increase oil production & power gen. capacity • Egypt... increase power generation capacity Libya/S. Sudan ... re-enter in '12, re-build infrastructure imagination at work Grow 2-3x GDP 72 GE Global Investor Day March 7, 2012#73GE products are winning Energy LNG Super Trains 9FB.05 GT Aviation GEnx GE90 Healthcare Optima MR 450W • Powering 75% Saudi GT's, generating 30GW electricity • 18 9E's powering all 77MM tons of LNG for Qatar EMAL II ... world's largest aluminum smelter w/ 9FA • 60 9E's totaling 7.5GW to Iraq Ministry of Electricity • ⚫ Emirates 50x777... biggest wide-body Boeing deal • ~2,000 GE/CFM engines ... $16B services backlog • Etihad ... multi-engine unit, services, & MRO RIS • • Optima MR 450W ... largest installed base in Saudi Radiology Information Systems (RIS) in Saudi & Egypt • Saudi MOH, Al Ilhilal & four 500-bed hospital deals imagination at work Bringing new GE technology to region 73 GE Global Investor Day March 7, 2012 CFM is a 50/50 Joint Venture between GE & Snecma Engine Alliance is a 50/50 joint venture between GE & Pratt & Whitney#74Saudi healthcare Orders growth وزارة الصحة Ministry of Health $0.2B '11 imagination at work ++ Focus Hospital efficiency ... less cost & complexity • Women's health ... early detection • New products Replicate model in Turkey, Russia, & Africa '12E Healthcare solutions, government partnerships & localization to drive orders growth 74 GE Global Investor Day March 7, 2012#75Financial outlook Industrial revenue* '06-'11 11% CAGR 3% $8.3B $8.6B ++ '10 '11 '12E * Excluding NBCU, including GE/GECS elim imagination at work Strategy & approach Great market for GE Huge market opportunity ... $1.7T Strong presence ... integrity and reputation opening doors Well positioned for growth • Market based "solutions" ... Aviation, Energy, Healthcare • Local capabilities... innovation centers, service shops & supply chain Growing strategic partnerships ... Mubadala, Qatar Inc., Sonatrach, Saudi MOH • Latest GE technology driving services backlog Accelerate double digit growth 75 GE Global Investor Day March 7, 2012#76Sub-Saharan Africa Jay Ireland ✓ 31 years GE experience ✓ Netherlands, US, Kenya ✓ CAS, Plastics, IR, NBCU, Asset Mgmt imagination at work#77Sub-Saharan Africa overview Footprint Macroeconomics GE footprint 22 Industrial revenue* 9% CAGR '12E GDP: $1.8T/5.2% # of sites: Population: 821MM Employees: ~1,200 Infra spend: ~$45B First entered: 1898 $1.0B $1.6B '06 '11 Nigeria '12E GDP: $0.4T, 7.0% Total pop: 163MM Angola '12E GDP: $0.1T, 7.5% Total pop: 20MM imagination at work South Africa '12E GDP: $0.5T, 3.0% Total pop: 50MM Source: Oxford Economics * Excluding NBCU, including GE/GECS elim $90B+/yr infra spend needed to be developed • Middle class to increase to 528MM by 2030 • 70% of population without electricity • • 10% in MW capacity needed annually Air traffic to grow 6.5%/year through 2020 77 GE Global Investor Day March 7, 2012#78Macro dynamics drive opportunity Area/ Opportunity Approximate CAPEX/ Identified CY Investment $B spend GE opportunities 1 Kenya Vision 2030 ~$60 • +5GW ~$3 • Rail expansion 2 Nigeria Vision 2020 ~$90 ~$8 3 South Africa ~$100 ~$37 • Development Plan • 4 Rwanda 2020 5 Ghana ~$10 $0.3 • Increase to 60GW • Aging loco replacement ⚫ +40GW Rail expansion 6 to 35% of pop. with power •Rail & airport expansion • +3GW ~$12 ~$2 • Rail expansion imagination at work Great need for infrastructure across region 78 GE Global Investor Day March 7, 2012#79Flag planting works ($ in billions - Industrial revenue ex-NBCU) Last 10 years Next Angola ** Iraq Indonesia Cameroon Ethiopia Egypt Mozambique Rwanda Algeria Senegal Zambia $3.5B ++ ~17x growth ~$0.2B $0.1B '01 '11 Local investment in people, resources & facilities . Establish local GE capabilities Company to country * Excluding NBCU, including GE/GECS elim imagination at work '11 Future Potential Infrastructure need and investment ⚫ GE product portfolio . Stability Establishing local presence 79 GE Global Investor Day March 7, 2012#80Distributed power Dynamics Population without access to the grid West Africa: ~209MM Aero East Africa: ~171MM Gas Recips Southern/Central Africa: ~196MM Weak grid/emergency capacity Drought, fuel outage & limited options • • 2.5GW installed base GE installed base * Aero Gas Country Units Units Nigeria 29 73 Angola 19 7 Other 19 63 * Consists of Gas Recips imagination at work Diesel Recips Products . 13 to 100 MW capability • Permanent and portable 1 to 4.5 MW capability Stationary... captive power • 1.2 to 3MW capability • Harsh conditions Approach Quick deployment • Limited customization / development • Pre-financed 80 GE Global Investor Day March 7, 2012#81Other opportunities Healthcare Transportation Aviation Oil & Gas စာ + • DI centers & hospital development • Healthymagination as a strategy • 43 002 • Transnet assembly partnership... 143 locos • Aging fleet (25 yrs+)... refurb opportunity 25-hospital development Significant opportunities programs (Nigeria, Ghana, South Africa) Ethiopian የኢትዮጵ R Kenya Airways The Pride of Africa Arık WINGS OF NIGERIA • ... ~$3B refurb, ~$4B mining & urbanization ~200 engines in service ... pipeline ~$0.6B •Adding ~50 a.c per year ... 120 engines secured Fleet renewal & growth ... GECAS leasing opportunity • . • Discoveries in east Africa • 113 HDGT installed base Support for IOCS & NOCS ✓ Nigeria ✓ Angola well established ✓ Ghana + Mozambique next + Tanzania + Uganda . Oil production to double. to 9.5Mbbl/d by '20 imagination at work 81 GE Global Investor Day March 7, 2012 CFM is a 50/50 Joint Venture between GE & Snecma Engine Alliance is a 50/50 joint venture between GE & Pratt & Whitney#82* Financial outlook Industrial revenue* 1 14% ++ $1.6B 2 $1.4B '10 '11 '12E Excluding NBCU, including GE/GECS elim imagination at work 3 4 . Positioning for future Develop strategic partnerships • Assembling locomotives locally in partnership with TRE Becoming more local Nigeria "Company to Country"... partner on infrastructure development Focusing on the next wave ... establishing presence in new markets • Early wins for Healthcare in Senegal and Ethiopia Early project development & financing drives growth . • Substantial funding appetite for Africa ... building out capability in region Significant GE opportunity 82 GE Global Investor Day March 7, 2012#83GE GE Company Update imagination at work#842012 operating framework Operating earnings 2012F Industrial ++ GE Capital ++ 2012 drivers Strong global organic growth Energy acquisitions performing Broad-based strength Improved losses & impairments Real Estate improving Corporate-a) ~Flat '11 items: NBCU gain & restructuring Total cost $3B-a) in '11 & '12 Total operating earnings ++ - CFOA Industrial $11-12B Total revenues (a- Excluding NBCU pretax gain $3.7B in 2011 0-5% imagination at work Industrial CFOA $12-13B before pension contribution of $1B Industrial organic 5-10%, Capital (5)% to flat NBCU gain '11 impact Strong performance across Industrial & Capital ... 50 bps expansion 84 GE Global Investor Day March 7, 2012#85Global growth across all segments ($ in billions revenue in growth markets) Energy Infrastructure Healthcare ++ $20.6 '11 '12E ~70% of global revenues Aviation ++ ++ $5.7 $4.1 '11 '12E Localizing... ICFC projects in pipeline Transportation $1.9 H&BS '11 '12E Over 2,000 customers in 85 countries ++ $1.1 imagination at work '12E '11 Installed base expansion ... South Africa, Brazil, Indonesia '11 '12E Global projects in growth markets 85 GE Global Investor Day March 7, 2012#86Global revenue growth ($ in billions - Industrial revenue ex-NBCU) Growth markets $24 Resource Rich 20-25% Rising Asia 10-15% ++ $20 $10 Developed 0-5% '11 '12E '13F '11 '12E '13F '11 '12E '13F A&NZ Canada China Europe Japan LatAm MENAT India Korea Germany Russia/CIS SS Africa ASEAN Excluding NBCU, including GE/GECS elim imagination at work Continuing growth market expansion 86 GE Global Investor Day March 7, 2012#87GE tomorrow... Industrial revenue profile* $93B ++ Growth 37% 50% Developed 22% 15% USA 41% 35% Today By 2020 Expansion continues ... ✓ We are a local player ✓ Targeted & focused strategy... investing, building and leading ✓ Optimize global capabilities Margins in line with global averages ✓ Cost out, redeployment opportunity Maintaining appropriate risk profile and protecting intellectual property ✓ Right portfolio for today and tomorrow in key growth markets * Excluding NBCU, including GE/GECS elim imagination at work Long term shareholder value Excluding NBCU 87 GE Global Investor Day March 7, 2012#88GE Q&A imagination at work