Investor Presentaiton
Opportunities supporting mid-term FCF* growth
•
GE Aerospace
CapEx/revenue ratio
Days sales outstanding (DSO)
Inventory turns
2019
2021
2023E
2025F
2019
2021
2023E
2025F
2019
2021
2023E
2025F
Controlled spending while
supporting LEAP shop visit ramp
CapEx stable at ~2% of revenue
2022 DSO better than pre-COVID
levels
Additional opportunities through
billing improvements & linear
collection management
•
Reduce peak inventory levels by
improving delivery with a
stabilized supply chain
Implementing a pull system with
suppliers
Focused working capital & CapEx management drives FCF conversion *-a) above 100%
* Non-GAAP Financial Measure
DSO & inventory turns calculated on a 2pt basis to best reflect current operating performance. Average balance across 2 most recent quarters, annualizing current quarter volume
(a - FCF conversion*: segment FCF* / segment net income, as further adjusted to include restructuring expenses that are adjusted out of our non-GAAP financial measures
2023 GE INVESTOR CONFERENCE 66View entire presentation