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#1GE GE T&D India Limited Financial results for the quarter & half year ended Sep 2019 November 8, 2019 Confidential. Not to be copied, distributed, or reproduced without prior approval.#2Disclaimer This presentation has been prepared solely for the use at analyst/investor presentation. By attending the meeting where this presentation is made, or by reading the presentation slides, you agree to be bound by the following limitations- . • • The forward-looking information and statements can generally be identified by the fact that they do not relate only to historical or current facts. Forward-looking statements sometimes use terminology such as "targets", "believes", "expects", "aims", "assumes", "intends", "plans", "seeks", "will", "may", "anticipates","would", "could", "continues", "estimate", "milestone" or other words of similar meaning and similar expressions or the negatives thereof. GE T&D India Limited cannot give assurance to the correctness of such information and statements. By their nature, forward-looking information and statements involve known and unknown risks, uncertainties and other important factors that could cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements that may be expressed or implied by the forward-looking information and statements in this presentation. Should one or more of these risks or uncertainties materialize, or should any underlying assumptions prove to be incorrect, the Company's actual financial condition or results of operations could differ materially from that or those described herein as anticipated, believed, estimated or expected Given the aforementioned uncertainties, prospective or present investors are cautioned not to place undue reliance on any of these forward looking statements No part of this presentation, nor the fact of its distribution, should form the basis of, or be relied on in connection with, any contract or commitment or investments decision whatsoever. Investor/prospective advisors must be sought on specific situation from well-informed legal, investment, tax, financial, and management professionals This presentation and its contents are confidential and must not be distributed, published or reproduced. This presentation does not constitute a recommendation regarding the securities of the Company. ε GETDIL _ Investor Meeting _ Nov 2019 Confidential. Not to be copied, distributed, or reproduced without prior approval. November 8, 2019 2#3Key Events of the Quarter New Key Managerial Personnel • Sushil Kumar CFO effective from October 1, 2019 Sunil Wadhwa has ceased to be Managing Director with effect from September 30, 2019 Pitamber Shivnani appointed as CEO effective January 15, 2020 Grid Market stable at ~$3B. Key opportunities driven by 29GW of Transmission GEC projects to come in 2020 (18S/S+ ~3000KM TL) total investment(~800M$) Special powers to speed up transmission lines for renewable energy (will contribute some fast track opportunities) Q2 19-20 : Highlights Significant progress in execution during the quarter HVDC CKL II Pole 3 commissioned 50+ Bays commissioned during quarter Lower Volume... HVDC ramp down, Customer project delays Profitability impacted by: Impairment of assets, One time provisions Challenges Aggressive Competition Liquidity stress in the market delaying project execution Priorities • Commercial Intensity Operational excellence and execution... Leverage LEAN Drive Improvements in working capital + Cost efficiencies ε GETDIL_Investor Meeting - Nov 2019 Confidential. Not to be copied, distributed, or reproduced without prior approval. November 8, 2019 3#4Key Execution during 2nd Quarter of 2019-20 50+ Bays commissioned during quarter 12 bays of 765kV, 6 bays of 400kV, 2 bays of 33kV of Air Insulated Substations (AIS) commissioned for (PSITSL) Power Southern Interconnector Transmission System Limited at Chilakaluripeta, Andhra Pradesh О 18 bays of 765kV Air Insulated Substation (AIS) charged at Bhadla and Bikaner for Power Grid Corporation of India Limited 8 Bays of 400kV Air Insulated Substation (AIS) commissioned at Bhiwani, Haryana and Gaya, Bihar for Power Grid Corporation of India Limited at Bhiwani, Haryana 66kV AIS (Air Insulated Substations) line bay extension completed for Bhutan Power Corporation (BPC) at Dechencholing, Thimphu Bhutan 50MW Bhadla site commissioned for Azure Power ....Commissioned many important projects during the Quarter ε GETDIL _ Investor Meeting - Nov 2019 Confidential. Not to be copied, distributed, or reproduced without prior approval. November 8, 2019 4#5Key Orders Customer KSEB WBSETCL HPPTCL GE Switzerland A/c Summit, Bangladesh Project 220 kV Gas Insulated Substation (GIS) at Vizhinjham and Ettumanoor in Kerala 132/33 kV Gas Insulated Substations (GIS) in Ramnagar, Manbazaar and Birlarpur areas. 220/33 kV Gas Insulated Substation (GIS) at Heling, Chamba 400 kV Switchyard and Transformer package for Summit Group, Bangladesh Challenging market environment continues .... ε GETDIL _ Investor Meeting _ Nov 2019 Confidential. Not to be copied, distributed, or reproduced without prior approval. November 8, 2019 5#6Order Intake (in millions) Orders Q2 19-20 Orders H1 19-20 7,235 6,902 * 13,354 * 11,079 3M Sep 18-19 3M Sep 19-20 H1'18-19 H1' 19-20 ε GETDIL _ Investor Meeting - Nov 2019 ...Flat order booking for the quarter Confidential. Not to be copied, distributed, or reproduced without prior approval. November 8, 2019 6#7Sales Execution (in millions) Sales Q2 19-20 9,933 656 CKL-1/2 8,211 212 21,557 1,523 Sales H1 19-20 15,547 CKL-1/2 432 * 20,034 €9,277 *7,999 * 15,115 Q2' 18-19 Q2' 19-20 H1'18-19 H1' 19-20 ... Sales revenue impacted by declining HVDC & Customer project delays ε GETDIL _ Investor Meeting - Nov 2019 Confidential. Not to be copied, distributed, or reproduced without prior approval. November 8, 2019 7#8Profit after tax (in millions) 515 PAT Q2 19-20 Q2'19-20 1,335 PAT H1 19-20 H1’19-20 -143 Q2' 18-19 - 177 H1'18-19 Exceptional Items (after tax) - 401 Exceptional Items (after tax) - 401 Deferred Tax Restatement -233 -777 Deferred Tax Restatement -233 -811 ε GETDIL _ Investor Meeting _ Nov 2019 Profit impacted by Lower Revenue, Exceptional Items and one time Deferred Tax charge due to change in tax rates Confidential. Not to be copied, distributed, or reproduced without prior approval. November 8, 2019 8#9Key Data: 2nd quarter & half year ended 30th Sep’2019 (in millions) Q2 2019-20 Q2 2018-19 Change H1 H1 2019-20 2018-19 Change Sales Revenue 8,211 9,933 -17% 15,547 21,557 -28% Operating Profit* (62) 944 161 2,361 % of Sales -0.7% 9.5% -10.3 pts 1.0% 11.0% -9.9 pts (Before exceptional item) Profit Before Tax* % of Sales (237) 801 (176) 2,064 -2.9% 8.1% -10.9 pts -1.1% 9.6% -10.7 pts (Before exceptional item) Profit After Tax (811) 515 (777) 1,335 % of Sales -9.9% 5.2% -15.1 pts -5.0% 6.2% -11.2 pts Net Borrowings of 4,280 Million as at Sep 30, 2019 vs 202 Million as at March 31, 2019 *For Q2 & H1 2019-20, excluding an exceptional item amounting to * 536 million ε GETDIL _ Investor Meeting - Nov 2019 Confidential. Not to be copied, distributed, or reproduced without prior approval. November 8, 2019 9#10GE Suneel Mishra Investor Relations Officer Email id - [email protected] http://www.ge.com/in/ge-td-india-limited

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