Safe & reliable growth company 20% 10%+ Revenue Earnings Returns

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1 GE Infrastructure Invest & deliver Invest in leadership businesses Safe & reliable growth company 20% Growth as a process 2-3X GDP 10%+ Reliable execution & financial discipline Earnings Returns Great people & team Built for the future + Infrastructure technology + Demographics + Emerging markets + Digital connections + Environmental technology + Value from origination 2

2 GE F segment profit Keys 1 Sustain growth in Infrastructure 40% 15-20% + Capitalize on strong backlog + Deliver margin expansion 2 Manage transition in Financial Services 35% ~5 U.S. consumer/lower gains + Add assets at high margins + Global growth 3 Turnaround Healthcare 10% ~10 Manage DRA + Drive global growth + Get OEC operating/shipping 4 Sustain NBCU momentum 10% ~10 + Solid momentum on all fronts 5 Grow Industrial 5% ~10 Appliance market tougher + Enterprise solutions strong global 3 Infrastructure investment $10-15T Why this matters Many multiples of U.S. power bubble & U.S. ready for it too Very global will change the Company s footprint Very technical requires solid technical execution Investment by 2015 Why GE Requires scale brand, product, services, financing Dominant technical transformation of this decade 4

3 GE Infrastructure $ % Segment profit Future $15.8 $1.9 $30.1 $5.5 $ % % '95 '00 '07 '08E Strong Energy tailwinds better + more robust than US power bubble ~60% global Wealth disparity solve with water, power, transportation Carbon impact of $30/ton on 70K unit installed base For investors: reliable growth over time return on total capital ~30% 5 Environment Aviation Industry remains strong 2007 traffic up 7% Energy International strength continues Trans NA RR traffic (2)% International & mining strong O&G Increasing depletion rates drilling activity Water Desal market growing chem GDP+ Verticals Driving growth with global footprint ecomagination sm All Position for regulatory impact carbon cap world Continued strength across the board 6

4 Margin & mix dynamics Energy example ~34% ~32% Fuels installed base Infrastructure dynamics (pts.) 08F Equipment mix (1.0) growth ~13% Pricing & productivity Power gen. Wind Services Margin expansion Margin rate +2 pts. +2 pts. +2 pts. expansion Individually margins up combined flat Continue to expand product line rates 7 Supply chain environment China s share of commodity growth Copper demand outlook 100% Global growth % kg/person Copper consumption per capita since 1950 a) Material inflation - $/lb Japan Korea China India 0% Alum Steel Nickel Copper Zinc 3X '04 '07 Copper 6X '04 '07 Rhenium Strengthening low-cost supply chain critical (a- Source: IMF, WBMS, Antaike, Macquarie Research June

5 Supply chain strategy 07 Infra direct material buy Energy ~$10 Key initiatives Low cost sourcing People Aviation Oil & Gas Transportation ~8 ~4 ~2 Material cost out Engineering design out Capital efficiency Water ~1 Low cost/best cost footprint Total ~$25 Supply base investments Capital Initiatives geared to drive best cost position 9 Infrastructure strategy & execution Differentiate with technology R&D spend ~$2B per year Ecomagination $16B by 10 Grow lifecycle service: CSA / upgrades / IT inspections & repairs Capitalize on adjacencies & related products Global footprint focus on emerging markets CSA backlog $100B+ end of 07 Service revenue +10% Technology Compressors Subsea Pressure Engines Airframe Turboprop Power gen. Wind Power storage ~60% global Fulfillment sourcing, manufacturing, service Maximizing segment synergies delivering to our customers 10

6 Differentiate with technology Now Next GE90 Wind Subsea 9F EVO/AC4400 LEAP 56-a) Desalination Nuclear GEnx IGCC Hybrid loco Invest ~$2B R&D annually ~70K installed base units 11 (a- Leap56 is a TM of of CFMI, CFMI is a 50/50 joint company between GE and Snecma Play big themes: ecomaginationsm ecomaginationsm Hybrid loco ~$16+ ~17% Global desalination ~$ % fuel savings 10% emission reduction Launch 10 Current installations provide 2B gallons/day $300MM revenues by 10 10F Surpass expectations revenues & margins ~40 products in process for GEnx 15% fuel & CO2 savings, 40% lower NOx > $1.3MM annual savings per aircraft Using scale, imagination to drive growth 12

7 Lifecycle service Service revenues Installed base $26 10% 07 units 07-10F revenue $23 Energy ~3K ~$50 Aviation -a) ~22K ~ CSA backlog ~17% in 2007 ~$100B Non-installed base services increasing Transportation ~17K ~10 Oil & Gas ~28K ~10 Foundation for multiple years of strong organic growth (a- Includes CFMI units CFMI is a 50/50 joint company between GE and Snecma 13 Expand into adjacencies Renewables Subsea production $58 Water $13 Rail IT $30 Avionics Optimization & control $45 Environmental services Gas engines Next: Power storage Subsea processing Turbo prop Business jets Solar and more Expanding horizontal opportunities 14

8 Globalization ~20% Focus strategic imperatives ~$46 ~14% Commercial presence Engineering capability $34 ~26 Local production assets Emerging 18 In-country services Developed 16 ~20 Financing support Government relations expertise '07 '10E Utilize strengths for expansion emerging markets key 15 Emerging markets lots in play ($ in billions) Middle East +23% Latin America ~20% +10% $6 $8 $3 $ Energy regional employment 2X Transportation Egypt, Libya loco deals Water bringing plants on line, structured projects Oil & Gas large installed base service facility Energy 2x Mexico engineering resources Transportation loco assembly & service shops Water local chemical presence Aviation Celma engine service shop Oil & Gas local manufacturing (VetcoGray) Emerging markets key 16

9 Energy - regional growth Growth in electrical consumption South Africa: energy shortage 125% 100% 75% 50% 25% 115% ~350 (GW) 59% 51% 51% 46% 43% 41% 39% 39% 36% 160% 140% 120% Index (1990=100%) Electrical demand (Twh) Installed capacity (GW) 0% Azerbaijan China India Kazakhstan Vietnam Iraq Uzbekistan Nigeria Cuba Bangladesh 100% Top 10 emerging 35%+ growth in 5 years Positioned to win in these countries Delays in project approvals driving high unavailability Proactively working to fill the need Opportunities everywhere Sources: Global Insight & Platts 17 Sources: Installed capacity EIA Output - bp-amoco Latin America: mining & ethanol Mining vertical $B/CAPEX $10 Explor. Drill Trans. $15 Conc. Grind. Leach. $18 $18 Refining $48 '04 '05 '06 '07E '08- '12Avg GE products Storage/ Process. Delivery Global vertical focused on top 7 mining companies ~ 65% of world s spend $200B+ CAPEX by 2012 no. of plants Brazilian Ethanol production No. of plants Ethanol production '03 '07 '10E '15E Government mandate for 20-25% ethanol blended into gasoline GE opportunity ~ $6.5MM/plant - Water purification - Automation - Power generation - Motors - Locomotive - Sensing - Environmental Invest $17B by 2012 just Brazil Ethanol production (B s of gallons) 18 Sources: CSFB estimates 02 06; Annual reports Source: Ethanol Trading SA report

10 Creating capacity Brazil Brazil - loco production 16x E <$3MM plant investment low cost country LEAN, localization to drive increase by 2010 Structure in-place for cont d growth LEAN expertise driving 16x capacity ramp up 19 Infrastructure: investor perspective Strong Energy tailwinds great foundation for growth Better + more robust than US power bubble ~60% global revenue creates broad based strength Wealth disparity continued demand in emerging markets Solve with water, power, transportation Carbon positioned for impact in carbon capped world Impact of $30/ton on 70K installed units 40% of GE positioned for continued significant growth 20

11 GE Infrastructure