Operational Excellence and Growth in the Oil & Gas Industry

Simple structures: cost competitiveness (% of sales) SG&A savings Compressor package Product cost savings Drilling risers manufacturing (~250)bps Beam pumps '12 '14E ✓ Consolidating structure ✓ functional cost ✓ Investing in ERP infrastructure ✓ Further integrating acquisitions 30-50% reduction in footprint and weight... performance cost 10% Moved to best cost country & closer to customers logistics Leveraging GE global supply chain capabilities ↑ volume cost 10% cost 17% Scaling programmatic approach across O&G: ✓ Engineering/design and sourcing focus ✓ Cross functional COEs driving cost ✓ ✓ Multi-platform component strategy GE Investor Meeting | 10 September 2014 © 2014 General Electric Company - All rights reserved 18

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