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  • 2008 Farnborough Airshow

    GE AviationJuly 15, 2008

    GE job title/2Farnborough Airshow

    July 15th, 20082

    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 often contain words

    such as "expects," "anticipates," "intends," "plans," "believes," "seeks," or "will."

    Forward-looking statements by their nature address matters that are, to different

    degrees, uncertain. For us, particular uncertainties which could adversely or

    positively affect our future results include: the behavior of financial markets,

    including fluctuations in interest rates and commodity prices; strategic actions,

    including dispositions; future integration of acquired businesses; future financial

    performance of major industries which we serve, including, without limitation, the

    air and rail transportation, energy generation, media, real estate and healthcare

    industries; unanticipated loss development in our insurance businesses; and

    numerous other matters of national, regional and global scale, including those of a

    political, economic, business, competitive and regulatory 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.

  • GE job title/3Farnborough Airshow

    July 15th, 20083

    07 op profit up 15% 2Q08 up 10%

    Tough fuel environment for customers GE engines provide fuel advantage

    GE and Snecma partnership renewed for the next lifecycle

    GEnx certified Boeing 787 certification in process for Boeing 747-8

    Systems meeting acquisition expectations positioning for growth

    F136 won FY08 funding

    Selected on all three key advanced programs for next generation combat

    aircraft, transport aircraft, and medium helicopter

    Growth in Business & General Aviation Walter Engines acquisition

    Whats new since Paris

    GE job title/4Farnborough Airshow

    July 15th, 20084

    07 annualized revenue portfolio

    $4.5 $6.8 $3.5

    (a- Systems & Unison Engine Components estimated total year 2007 revenue(b- Includes GEs 50% of CFMI & EA

    CFMI is a 50/50 JV between GE and SnecmaEA is a 50/50 JV GE and Pratt & Whitney

    $2.2

    Unison Engine Components

    $0.4

    A leading aviation technology business

    Commercial engines

    Commercial engineservices

    Military engines & services

    07 Revenue

    07 Revenue

    b)

    a)

    Systems Business & General Aviation

    $0.4

    ($ in billions)

  • GE job title/5Farnborough Airshow

    July 15th, 20085

    Aviation

    Commercial engines

    ~2,250a) deliveries in 08 +9%

    ~23Kb) engine installed base

    11% spare parts growth through 1H08

    Military engines

    45% unit & 4% spares growth in 08

    Key programs on new & long term applications

    Systems

    6% revenue growth in 08

    Delivering on deal model

    Great business model

    (a- ~1,350 08 deliveries CFM, ~40 08 deliveries EA(b- ~14k of 08 installed base CFM, ~30 of 08 installed base EA

    CFMI is a 50/50 JV between GE and SnecmaEA is a 50/50 JV between GE and Pratt & Whitney

    08 business overview

    ($ in billions)

    2005 2006 2007

    Revenue

    Segment profit

    $11.8

    $16.8

    $2.5$2.8

    +19%

    +13%$3.2

    $13.0

    05-07CAGR

    GE job title/6Farnborough Airshow

    July 15th, 20086

    Commercial engine volume

    2005 2008E 2011F

    2,250

    2,765

    1,477

    CFM56

    CF34 CFM56

    CF34

    CFM56

    CF34

    GE90/GEnx/CF6

    GE90/CF6

    GE90/CF6

    Yearly shipments (units)

    CFM56 shipments of ~769 in 05, ~1,350 in 08 & ~1,400 in 11CFM56 backlog of ~6K & ~14K installed baseCFMI is a 50-50 JV between GE and SnecmaEA shipments of 40 in 08 & ~70 in 11EA backlog of 312EA is a 50-50 JV between GE and Pratt & Whitney

    GP7000

    GP7000

    Installed

    base

    23,000

    CF34

    GE90/CF6

    CFM56

    9,400

    CF34

    GE90/GEnx/CF6

    Backlog

    GP7000

    CFM56

    Single aisle

    Regional

    Wide body

    Installed base enables service growth

  • GE job title/7Farnborough Airshow

    July 15th, 20087

    Growth in commercial services

    coverage

    0

    5

    10

    15

    20

    25

    30

    35

    2005 2008E 2011F

    Annual departures (millions)

    $80B

    2Q08 2011F

    $52B

    Commercial CSA backlog

    Extensions& new

    Currentbase

    40% 47%

    Source ACAS data and GE AnalysisCFMI is a 50/50 JV between GE and Snecma

    20%

    44%

    GE job title/8Farnborough Airshow

    July 15th, 20088

    Relative to competitor engine applications*

    0

    (1)

    (2)

    (3)

    (4)

    (5)

    (6)

    GE advantage

    Delta block fuel (%

    )

    787-8

    Aircraft company data

    GE engines fuel efficiency advantage

    * @ 3,000 nm unless stated

    787-9

    (1.0)(0.8)

    777-200 / ER

    (5k nm

    )

    (3.2)

    (2.4)

    767-300ER

    (5.2)

    (1.5)

    A330-200

    (1.4)(1.2)

    A330-300

    (1.3)(1.0)

    747-400

    (2.0)

    (0.2)

    Aircraft company assessment

  • GE job title/9Farnborough Airshow

    July 15th, 20089

    World fleet fuel efficiency

    Limited exposure to retirement candidates

    Retirementcandidates

    A300BAe146DC-8/-9/-10FokkerL-1011MD-80Russian707/727/737JT747-1/-2/-3

    Redeploymentcandidates

    A300-600/A310A320 oldA340MD-11MD-9050 pax & below RJ717737 classics747-400757767

    Best-in-class A320 newA330A380CRJ-700/-900/-1000E-JetMD-11F737NG747-400F777

    Aircraft typesClassification Global aircraft GE & CFM aircraft

    4,101

    21%world fleet

    331

    21%world fleet

    268

    7,205

    38%world fleet

    4,238

    2,269

    1,969

    7,963

    41%world fleet

    5,675

    4,142

    1,533

    CFMI is a 50/50 JV between GE and SnecmaSource: IATA, GE analysis

    GE job title/10Farnborough Airshow

    July 15th, 200810

    GEnx-1B for Boeing 787

    Certified March 31st, 2008

    3rd flight test campaign in process

    GEnx-2B for Boeing 747-8

    Engine type certification 2Q09

    Entry into service September 2009

    GEnx program status

  • GE job title/11Farnborough Airshow

    July 15th, 200811

    GEnx video

    11GE Aviation

    7/14/2008

    GEnx video

    GE job title/12Farnborough Airshow

    July 15th, 200812

    Service at Emirates August 1st, 2008

    Dubai to New York (JFK)

    Dubai to Chicago (ORD)

    Dubai to San Francisco (SFO)

    Impressive results

    Best fuel burn engine on A380

    Over 350 engines ordered to date

    Engine Alliance powered Airbus A380

    EA is a 50/50 JV between GE and Pratt & Whitney

  • GE job title/13Farnborough Airshow

    July 15th, 200813

    Winning with customers prioritiesCustomer working to upgrade combat capability on select programs

    C5-M engine replacement program

    F110 SLEP (service life extension program)

    F404 SLEP (service life extension program)

    TF34 PUP (propulsion upgrade program)

    Winning international programs

    Australian Air Force F414 powering F/A-18E/F

    Royal Saudi Air Force F110 powering F-15S

    Singapore Air Force F110 powering F-15SG

    Turkish Air Force F110 powering F-16E/F

    US Army rotorcraft ops in IraqThousand flight hours/month

    +50%

    ~70% of flying hours on GE engines

    08 turboshaft shipments up ~40%

    Ops & maintenance costs up 2x in 10 yrs ... headwind to fleet recapitalization

    GE well-positioned to support operational requirements

    '03 '08

    18.5

    28.6

    GE job title/14Farnborough Airshow

    July 15th, 200814

    Key military development programsF136 GE38

    Critical design review completed 1Q08

    First engine to test scheduled for 4Q08

    Up to 5,000 aircraft potential

    Most modern technology engine in its class

    10%-20% lower fuel consumption

    50%-80% life cycle cost advantage

    More power for growth platforms

    CH-53KFirst flight 4Q11

    2008 2010 20122009 2011

    F136 1st flight

    First F136deliveries

    CriticalDesignReview

    FETT

  • GE job title/15Farnborough Airshow

    July 15th, 200815

    Advanced military programs

    ADVENT(Advanced VersatileEngine Technology)

    HEETE(Highly Efficient Embedded

    Turbine Engine)

    AATE(Advanced Affordable

    Turbine Engine)

    USAF

    Next generation fighter / bomber

    Multi-mission flexibility & efficient supersonic flight

    Next generation tanker / transport

    25% improved fuel burn over current fleet

    Next generation attack / utility helicopter

    67% increase in shaft horse power

    25% improved fuel burn

    GE job title/16Farnborough Airshow

    July 15th, 200816

    Systems business overviewProviding civil and military aviation systems solutions throughout the world

    ~16K products more than 500 customers for over 400 platforms

    Global footprint 6 countries 24 main locations

    Realizing synergy savings ~700 headcount out 7 sites restructured

    Positioning for growth

    Civil Military

    B747-8

    A380 B787

    G650

    F35

    V22