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July 2011 Investor Update

August 1, 2011 To the Investment Community, On July 22, we announced GE's secondquarter 2011 earnings. Featured to the right are a few pages from the earnings presentation. Here are the highlights*:

Growth investments are paying off

(Revenue $ in billions) Growth markets

Industrial revenue +21%

Business Highlights

Industrial Businesses GE Capital Other Company News Investor Events page 2 page 4 page 5 page 5


Revenue +14%

New product launches

ü Aviation GEnx entering commercial service ü LEAP X a big success ... Boeing re-engine decision ü Energy Flex 50 combined cycle power plant ... well received by customers ü Wind 1.6 100 efficient turbine ... positioned for U.S. growth ü Thin Film Solar launch ü Healthcare ... Optima PET/CT 560, Voluson S-Series U/S, mobile x-ray; wide-bore 3T MR on track for 3Q ü Transportation ... battery pilot started ü Launch new appliances ... 2H'11­2012





aFifth consecutive quarter of double-digit

earnings growth · Operating earnings of $3.7 billion, up 18%; operating EPS of $0.34, up 17% · GAAP earnings of $3.5 billion, up 10%; GAAP EPS of $0.33, up 14%





ü All segments seeing double-digit growth ü New organization off to a great start ü Establishing strong local position

ü Strong growth across all businesses ü Backlog at an all-time high ü Deep relationships with customers


Trevor A. Schauenberg Vice President Corporate Investor Communications 3135 Easton Turnpike Fairfield, CT 06828 USA T 203 373 2424 F 203 373 2071 [email protected]

Preliminary 2011 second quarter results 1

2Q'11 orders +24%

($ in billions)

2Q orders $24/+24% Equipment Services $ V% $ V%

$5.0 42 % $4.9 1.8 41 1.1 6.7 39 6.0 2.6 72 2.7 2.6 9 2.1 0.8 5 0.5 $12.7 33 % $11.3 10 % 52 16 14 10 50 16 %


$12.7 $9.4 $10.1 $8.7 $9.7 $11.7 $9.9 $11.3

aLeading indicators improving

· Infrastructure orders up 24%, with equipment up 33%, services up 16% · Industrial segment revenue growth of 10% and organic growth of 3% · Total revenues of $35.6 billion for 2Q'11, down 4%; up 7% excluding impact of NBCU

Strong backlog ($B)

$158 $125 $189 $172 $175 $175 $177 50 48 46 46 51

Energy O&G Energy Infra. Aviation Healthcare Transportation Total

Equip. CSA

31 93

49 109













Orders profile


$13.1 $8.3 $9.5 $9.3



















ü Equipment book to bill at 1.2 ü Energy +24% ... core +16%: key Wind orders Renova, BP Wind & E.ON $0.8 ü Oil & Gas +45% ... core +26% ... Wheatstone Australia $0.5B ü Aviation +37% ... recent Air Show wins will be orders post-2Q ü Healthcare +9% ... global strength ü Transportation +19% ... orders for 167 locos in the Americas

Backlog strength continues ... +17% organic

Preliminary 2011 second quarter results 2

aGE Capital earned $1.7 billion, with

pre-tax earnings of $2.1 billion

aGECC/GECS Tier 1 Common ratios up to 10.4%/9.1%

The webcast replay and other relevant earnings materials are posted on our website. Please click here to access the event. For presentations, news and other helpful information, please visit our investor website at Please see "GE Reports" to keep informed about the latest Company developments. We will update it daily to share information and our perspectives on GE activities around the world. Please visit our website at Regards,

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; potential market disruptions or other impacts arising in the United States or Europe from sovereign debt issues, including developments in connection with the U.S. indebtedness cap; 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" "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." * Continuing operations attributable to GE

Industrial Businesses


· GE Energy, which has grown from $29 billion in revenue to over $40 billion since 2006, announced that Dan Heintzelman, currently CEO of GE Energy Services, has been named CEO of GE Oil & Gas. Heintzelman succeeds Claudi Santiago, who has served as CEO of GE Oil & Gas for the last 12 years and is retiring from GE in December. Read the press release. · PTT Utility Company Limited, which generates electrical power and steam for Thailand's industrial sector, has signed a long-term service agreement with GE valued at more than $40 million. The 13-year contractual service agreement (CSA) includes power output efficiency, reliability and performance guarantees for eight GE Frame 6B gas turbines at PTT Utility's power generation plants at Map Ta Phut Industrial Estate in Rayong, Thailand. Read the press release. · GE wind turbine technology is making its debut in Estonia, one of Europe's most promising wind sectors, by supplying 18 wind turbines for the Paldiski Wind Farm. Located in northwestern Estonia near the city of Paldiski on the Parki peninsula, the wind farm will be operated by Eesti Energia AS and Nelja Energia OÜ. Each operator is buying 9 turbines from GE. In addition, the Paldiski wind farm will be supported by a 10-year full service agreement from GE to ensure successful operation. Read the press release. · GE has signed a contract with local developer Cong Ly Company Ltd. to provide 10 of its 1.6-82.5 wind turbines and operations and maintenance services for phase one of the Bac Lieu Wind Farm, totaling 16 megawatts of power generation capacity. Cong Ly Company Ltd. also has plans for a second phase of the project, which would add up to 120 megawatts of power to help resolve the country's chronic power shortages. The project will bring clean power generation to Vietnam's Mekong Delta and also is expected to create a number of local jobs during the construction phase. Read the press release. · GE Oil & Gas' Drilling & Production business has received a contract of approximately $45 million to supply and service the industry's largest tension leg platform (TLP) marine riser Tensioner Systems to Chevron for deployment in its Big Foot oil and gas field in the deepwater Gulf of Mexico. Read the press release. · To meet the growing energy requirements of Surgut and manufacturing facilities of Western Siberia, Surgutskaya GRES-2, the largest thermal power plant in Russia, celebrated the official inauguration of a plant expansion that features two new GE 9FA Gas Turbines and a steam turbine. As a result, the total installed capacity of Surgutskaya GRES-2, owned by E.ON Russia, has increased by 800 megawatts (MW) and now produces 5,600 MW. Read the press release.

July 2011 Investor Update


Industrial Businesses



· GE Aviation, a global leader in jet engine and aircraft systems production, announced it will open a new manufacturing facility in Ellisville, Miss., to meet accelerating global demand. GE will invest $56 million in the new facility. The company is targeting for production to begin in 2013 and will create 250 new high-tech manufacturing jobs by 2016. Read the press release. · The new, fuel-efficient CFM LEAP engine was the star of the show at last month's Paris Air Show, with carriers like Virgin America, SAS and others ordering 910 engines for their narrow-body Airbus A320neo planes (including Air Asia's commitment to 400 LEAP engines, the largest single-firm aircraft order in aviation history). Now, American Airlines has joined the crowd, announcing an agreement with Boeing to buy a new narrow-body fleet of 300 737s, up to 160 of which -- the new, re-engined 737 model -- will be powered by the CFM LEAP. Read the press release.


· GE Healthcare, a unit of General Electric Company, announced it received several Silver Awards from the 2011 International Design Excellence Awards (IDEA®) for Magnetic Resonance Imaging (MRI) by the Industrial Designers Society of America (IDSA). Considered by many as the "Oscars" of design competitions, because the judging process is rigorous and judged by experts in their field, GE Healthcare won three IDEA Silver Awards -- for the Discovery** MR750w 3.0T wide bore magnetic resonance imaging scanner, featuring the Company's unique caring design and insightful technology, a pediatric magnetic resonance imaging scanner concept called Nino*** and an extremity*** MRI concept. Read the press release. · According to the 2011 Top 20 Best in KLAS Awards: Medical Equipment & Infrastructure report, GE Healthcare's LOGIQ E9 has been recognized as the top general imaging ultrasound system in the market. In the same report, GE's Vivid E9 was awarded a share of the top spot for cardiovascular ultrasound systems. KLAS is a research firm specializing in monitoring and reporting on the performance of healthcare vendors. Annual rankings of the best-performing medical equipment vendors are based on evaluations submitted by thousands of healthcare providers throughout the United States and Canada over the past 12 months. KLAS rankings measure a vendor's performance in areas like product quality, implementation, and service and support and a "Best in KLAS" distinction signifies their leadership in meeting customer expectations. Read the press release. · GE Healthcare announced the transition of the GE X-ray leadership team to new global headquarters in Beijing, China. By moving strategic leadership to a new global hub of healthcare innovation, GE X-ray is better positioned to understand and meet the needs of high-growth markets, support the Chinese Government's Primary Care initiative, and enable an entire in-country X-ray business cycle from engineering and development to sales and service. Read the press release.


· GE Intelligent Platforms announced the release of AXIS Version 5.0. AXIS -- Advanced Multiprocessor Integrated Software -- is GE's comprehensive development environment that accelerates the design, creation, testing and deployment of complex DSP and multiprocessing platforms for real-time applications, such as radar, sonar, communications and image processing. AXIS increases productivity, maximizes performance, reduces cost, optimizes software code portability and minimizes program risk and time-to-market. It also substantially eases the upgrade path for technology insertions. Read the press release.

** Not available in all regions. Pending FDA 510(k) clearance. Not available for sale in the U.S. *** Technology in development that represents ongoing research and development efforts. These technologies are not products and may never become products. Not for sale. Not cleared or approved by the FDA for commercial availability.

July 2011 Investor Update


GE Capital

· GE Capital, Healthcare Financial Services announced it is serving as administrative agent on $2.1 billion of senior secured credit facilities for Alere Inc. The loans refinance existing credit facilities and provide additional capital to support the Company's growth strategy. GE Capital Markets served as joint lead arranger and joint book runner for the credit facilities. Read the press release. · GE Capital, Healthcare Financial Services announced that it has closed $135 million in senior secured credit facilities for SpecialtyCare. The financing supported the investment in SpecialtyCare by American Securities, and will provide SpecialtyCare with additional growth capital. GE Capital Markets served as joint lead arranger and joint bookrunner for the credit facilities. Read the press release. · GE Capital, Healthcare Financial Services announced that it has closed, as administrative agent, $78 million in senior secured credit facilities for JHP Pharmaceuticals, LLC. In addition to refinancing certain existing indebtedness of the Company, the credit facilities provide JHP with additional growth capital. GE Capital Markets served as joint lead arranger and sole bookrunner. Read the press release. · GE Capital Aviation Services (GECAS) reached a major milestone with Boeing by accepting delivery of its 400th airplane, a Next-Generation 737-800. GECAS leasing customer Xiamen Airlines will operate the milestone airplane. To date, GECAS has ordered 485 airplanes from Boeing. GECAS placed their first order with Boeing on Aug. 30, 1995 for two 767-300ER (Extended Range) airplanes. Since that first order, their fleet has grown to include several models of the 737, 747, 757, 767 and 777 families. Read the press release. · GE Capital, Commercial Distribution Finance (CDF) announced that it will become the exclusive provider of floorplan financing for Briggs & Stratton Power Products Group LLC (BSPPG) in the U.S. and Canada. Headquartered in Wauwatosa, WI, BSPPG offers residential and outdoor power equipment under the Simplicity, Snapper, Massey Ferguson, Snapper Pro and Ferris brand names. Parent company Briggs & Stratton Corp. also manufactures and markets GE-branded standby generators under a separate licensing agreement. Read the press release.

July 2011 Investor Update


Other Company News


· The GE Foundation -- the philanthropic organization of GE -- and the GE Corporate Diversity Council announced the award of $1.25 million in total to five Chicago land community healthcare centers toward the goal of increasing access to primary care for uninsured and underserved populations across the city. The donations expand the reach of the GE Developing Health program, a three-year, $50 million commitment that provides grant funding and GE employee engagement to selected healthcare centers across the United States. Read the press release. · Fortescue Metals Group Ltd (Fortescue), one of the world's largest producers and sea-borne traders of iron ore, has chosen GE's ecomagination-approved, dual-fuel, LM6000-PF aeroderivative gas turbine technology for its Solomon 1 plant. This fast-track project is part of Fortescue's US$8.4 billion, three-year expansion in Western Australia's iron-rich Pilbara region announced last year. It also marks the first installation of the PF variant of the LM6000 in Australia. Read the press release.


· GE Global Research announced another major breakthrough in the development of next generation optical storage technology. GE's research team has successfully demonstrated a micro-holographic material that can support data recording at the same speed as Blu-ray discs. This result builds upon the April 2009 demonstration of a threshold micro-holographic storage material that can support 500 gigabytes of storage capacity in a standard DVD-size disc. GE's breakthrough in recording speed, along with other technical improvements that have been made over the past two years has micro-holographic technology more poised than ever for commercialization. Read the press release.


Visit the Events & Presentations section of our investor website to view the presentations. July 22: GE 2nd Quarter 2011 Earnings Webcast

upCOmING INvESTOr EvENTS (subject to change)

August 10: Credit Suisse Industrial Conference September 20: GE Energy Investor Meeting October 21*: GE 3rd Quarter 2011 Earnings Webcast

*Meeting will be webcast. Webcast replays are retained on our website for a limited period of time.

July 2011 Investor Update



5 pages

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