Investor Presentaiton
.
Driving a leaner, more efficient cost base
2023 to 2025 Productivity-a)
SG&A % of revenue
GE Aerospace
Material
Labor &
overhead
2-3 pts.
per year
9%
7%
7%
2019
2020
2023E
2025F
Product cost reduction ... learning curve, loss/scrap
reduction & leveraging the supply base
Shop productivity improvement ... repair industrialization,
reducing non-productive time & driving higher output
per FTE
•
•
SG&A% slightly lower than pre-COVID levels in 2023
disciplined additions to support higher revenue
Opportunities for further reduction by managing IT
infrastructure & other functional spend
Excludes incremental standalone cost & remaining GE
Corporate allocation ... opportunity to offset over time
(a - Gross productivity on cost of goods sold
2023 GE INVESTOR CONFERENCE 65View entire presentation