ge webcast presentation 05122014 2

Imagination at work.

May 12th 2014

GE Aviation Jefferies Investor Visit

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; 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; 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, network television, 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 and dispositions and our success in 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.

GE PROPRIETARY INFORMATION | Jefferies Investor Visit

GE Aviation 2

Business overview


GE Aviation 3

“I find out what the world needs, then I proceed to invent it.”

– Thomas Edison


GE Aviation 4

GE Aviation executive team


GE Aviation 5

David L. Joyce President & CEO

Commercial Engines

W.A. Fitzgerald Vice President and General Manager

Military Systems

J. M. Lydon-Rodgers Vice President and General Manager

Sales & Marketing

C. A. Chahrour Vice President and General Manager

Supply Chain

C.B. Athans Vice President and General Manager

Chief Information Officer

T. Kantor General Manager

BGA & Integrated Systems

B.D. Mottier Vice President and General Manager

Effective: May 2, 2014

Marketing

L.C. Rouaud Chief Marketing Officer

Assembly, Test & Overhaul

A.J. Aiello

Vice President

Avio Aero

R. Procacci Senior Executive and

Avio Chief Executive Officer

Communications & GE Advantage

J.R. Regg Senior Executive

Services Engineering

J.M. Rosario Vice President

Engineering

M. Ehteshami Vice President and General Manager

Business Development

W.J. Godsman General Manager

Legal & Business Development

M.R. McAlevey Vice President

Technology & Sciences and

Chief Engineer G.D. Mercer Vice President

Services

K.G. McAllister Vice President and General Manager

CMCs Program

S.M. Correa Vice President

Avionics & Digital Systems

A.C. Caslavka Vice President

Aviation Systems and Digital Engineering

and Technology J.W. Daily

Vice President

Human Resources

E.W. Marshall Vice President

Finance

S.M. Wright Vice President and

Chief Financial Officer

Global Government Relations

P. Prowitt Executive Director

Attending

GE Aviation portfolio … $22B

Avionics and Digital Solutions $0.8

Power Transmissions

Turbo machinery

Avionics

Digital Services

BGA and Integrated Systems $1.5

Military engines and services $4.1

Commercial engine services $7.9

$0.8

General aviation engines

Power, mechanical, electronics

Commercial engines $6.8 –2) –2)

–1)

A leading provider of jet engines, services and systems

-1) Based on 2013 revenue

-2) includes GE’s share revenue from 50-50 CFM and EA joint ventures


GE Aviation 6

Technical innovation … at our core

U.S. jet engine

U.S. turboprop engine

High bypass engine

Composite fan blade in airline service

120,000+ lb thrust engine

Modular power tile

FMS-controlled Unmanned Aircraft System


GE Aviation 7

Powering the world’s airline fleets

Every 2 seconds, an aircraft

with GE engine technology* is taking off somewhere in the world.

At any given moment, more

than 2,200 of these aircraft

are in-flight, carrying between 50 and 500 passengers.

That's more than 300,000

people... right now... who are depending on our engines.

*Includes joint venture engines built by CFM and EA

CFM International is a 50/50 JV between GE and Snecma

EA is a 50/50 JV between GE and PW


GE Aviation 8

Powering the world’s military fleets

2 of every 3 helicopters in the US

fleet are powered by GE

3 out of every 4 combat surface

vessels in the Navy’s fleet are powered by GE Aviation and all of the Navy’s carrier combat aircraft

Half of the bombers in the Air Force

fleet are powered by GE Aviation

2 out of every 3 fighters in the U.S.

fleet are powered by GE Aviation

Engine fleet: 24,900 GE PROPRIETARY INFORMATION | Jefferies Investor Visit

GE Aviation 9

*Includes joint venture engines built by CFM

CFM International is a 50/50 JV between GE and Snecma

*

Global revenues

Europe 30%

Pacific Basin 35%

Lat . America, Canada 11% MENAT

22%

Other 2%

Total U.S. Revenues -1

$9.2B

42%

Total Intl revenues

$12.8B

58%

-1) 2013 revenues


GE Aviation 10

Global backlog

Europe 13%

Pacific Basin 41%

Lat . America, Canada 10%

MENAT 34%

Other 3%

U.S. backlog $31B

25% Intl backlog

$95B

75%

-1) 2013 backlog


GE Aviation 11

-1

GE Aviation facilities around the world

North America

Canada

Mexico

U.S.A.

Asia

Australia

China

India

Japan

Korea

Malaysia

Singapore

Taiwan

Thailand

Europe

Czech Republic

France

Germany

Hungary

Poland

Romania

Turkey

United Kingdom

Italy

South America

Brazil

44,000 employees 79 manufacturing sites 11 Engineering centers


GE Aviation 12

$3.5 $3.7

$4.3

'11 '12 '13

CAGR 8%

Deliveries

Installed Base

A great GE business ($ in billions)

• Grow installed base and services

• Lead in next-generation products

• Position supply chain for product volume growth

• Build out digital services for customer productivity

Revenue

Op profit

R&D

2,918 3,296 3,513

56,000 57,000 58,000

Strategic imperatives

$1.5B $1.6B $1.8B

$18.9

$20.0

$21.9

Deliveries and installed base includes GE and JV partners volume.

2012 Deliveries: GE 1,837; CFM 1,382; EA 77

2012 Installed base: GE 40K; CFM 18K; EA .2K

CFM is a 50/50 JV between GE and Snecma

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


GE Aviation 13

Cost efficiency ($ in millions)

Product cost-out

SG&A cost

2013 2012

$210 $200

2013 2012

1,410 1,465

7% 7% % revenue

• Delivering supply chain productivity

− Global footprint

− Lean, deflation, teaming

• P&L delayering and consolidation

− Disposition of 10+ sites since 2011

− Global shared services

2.5% 2.5% Productivity

Simplification

1) Excludes Avio acquisition SG&A

-1)

2011

1,490

8%

2011

$180

2.0%


GE Aviation 14

Commercial engines


GE Aviation 15

Commercial power for today … and tomorrow

*CFM, CFM56 and the CFM Logo are trademarks of CFM International, a 50/50 joint company of Snecma and GE **GE-P&W Engine Alliance is a 50/50 joint venture with Pratt & Whitney

EMBRAER 170/175/190/195

Bombardier CRJ200/700/900

ACAC ARJ21

Regionals CF34® Passport CT7

Single Aisle CFM56* LEAP*

Twin Aisle CF6 GEnx

Jumbo Twin Aisle CFM56, CF6/GEnx GP7200**, GE90, GE9X

Airbus A320 Boeing 737

Boeing 787 Airbus A300/310/330 Boeing 767

Airbus A380 Airbus A340-200/-300 Boeing 777 Boeing 747-200/-300/-400 Boeing 747-8

Saab 340 Global 7000/8000

Airbus A320neo Boeing 737 MAX Comac C919

Boeing 777X


GE Aviation 16

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

LEAP is a trademark of CFM International

-1) Production volume approx. 34% GE, 62% CFM, 4% EA

Commercial Equipment Growth Production volume # of GE and JV engines (-1

Source: IATA and GE analysis

Environment

Jet fuel ($/gal)

5.3 5.2

79 80+

310 298

2012 2013

Load factors (%)

Passenger demand (IATA, RPK % YoY)

2012 2013

2012 2013

2012 2013 2014F

Airline profits $Billions (IATA)

… airlines feeling good

12.9 7.4

In-service fleet # of engines ‘000

5.8

80+

2014F

2014F

293

2014F

18.7

'13 '15F '20F

3,300

2,600 3,000

’15F ’20F

15 16 18

18 20

26

44

33 36

’13


GE Aviation 17

Commercial orders and fleets

Orders Backlog

2013

CEO(-1

Svs

13

9

2013

22

96 $22

$118


-1) CEO orders $6.2 GE, $6.3 CFM, $0.1 EA CEO backlog $11.4 GE, $9.6 CFM, $0.7 EA

Europe

51% 47%

20% 11% In service Backlog

China

61% 46%


Asia

38% 36%

21% 8%

In service Backlog

0.4% 0%

North America

30% 50%


Latin America

45% 48%


Middle East

21% 24%

33% 21%

In service Backlog

7% 6%


GE Aviation 18

($B)

Growth ahead of demand in all regions (Aircraft fleet in service)


Traffic growth is between ‘13-32. Source: GE Aviation Marketing

~4,350 ~3,900 ~1,800

~1,750 ~2,300 ~800 ~600 ~1,050 ~800

~1,500 ~4,500 ~3,800

North America Europe China

Latin America Middle East Asia


GE Aviation 19

’15F ‘12 ‘15F ‘12 ‘15F ‘12

‘12 ‘15F ‘15F ‘12 ‘15F ‘12

Traffic growth ~ 3%

Our growth 11% Traffic Growth ~ 3.5%


Our growth 22%

Traffic growth ~ 5%



Our growth 30%

In Service

Fleet

In Service

Fleet

In Service

Fleet

In Service

Fleet

In Service

Fleet

In Service

Fleet

Commercial services growth


Shop visits Environment Departures # departures (millions)

2012 2013

Source: IATA & GE analysis

Passengers (IATA, RPK % YoY)

Utilization Avg. cycles/ day, % YoY

-1% 0.9%

20 21

Departures GE & JV-powered flights (MM)

2012 2013

2012 2013

5.2% 5.3%

2014E

0.2%

22 2014E

2014E

5.8%

0

5

10

15

20

25

30

35

40

‘10 ‘15F ‘95 ‘00 ‘05

2 of 3 daily flights

powered by GE or GE JV’s

$96B Services backlog

4,100

5,500

4,400

’13 ’15F ’20F

2,100

2,000

3,000

2,300 2,000

2,300

200

100


GE Aviation 20

Commercial product positioning Today’s

investment Today’s airline service



HF120 is made by GE Honda, a 50/50 JV between GE and Honda Aero, Inc.

LEAP is a trademark of CFM International

GEnx-1B GE9X

GE Passport HF120 H80

GEnx-2B

~13,700 engines (backlog)

LEAP-1A LEAP-1C LEAP-1B

Regional/ Business

Narrowbody

Widebody

Installed base (2015F)

9,600

000

6,600

20,


GE Aviation 21

Embraer 170/175/190/195

Powering the world’s regional fleet

CF34 engines in service

4,600

5,000 5,100

'13 '15F '20F

156 operators

in 67 countries

73 M I L L I O N f l i g h t h o u r s

Bombardier CRJ200/700/900/1000

COMAC ARJ21

CF34 shop visit forecast

1,000 1,000

1,100

'13 '15F '20F


GE Aviation 22

Preferred power for narrowbody


CFM56 …

• 26,000 engines delivered

• 30+ years in service

• 34,000+ departures per day

Fleet in service

LEAP …

• 2016 service entry

• Selected by Airbus, Boeing, COMAC

• 6,300 orders and commits

• 9,000 a/c opportunity

15 L O W E R fuel consumption *

%

*Compared to today’s generation CFM56. Claims based on GE estimates

LEAP, CFM, and the CFM logo are trademarks of CFM International, a 50-50 JV between Snecma and GE

18,800

20,300

’14E ’20F


GE Aviation 23

Superior fuel burn … today and tomorrow

• Best-selling widebody engine ever … 7,450 delivered

GEnx …

Airbus A380

43 Y E A R S

CF6 …

62%

W I N R A T E B o e i n g 7 8 7

i n s e r v i c e

• Fastest- selling GE widebody engine

• 1,835,000 hours flown

• 1,600 engines ordered

NEW ENGINE

deliveries beyond 2020

Engines in service

• 397 million hours flown

• ~750 shop visits in ‘14

• 1,600 a/c in operation

Claims based on GE estimates

GEnx win rate does not include undecided engine campaigns

~


GE Aviation 24

630

2,100

'14E '20F

Technology leadership in big twins


GE90 …

• 600 aircraft on order

• 1,700 engines in service

GE9X …

• Service entry end of decade

• Sole source on 777X

• 3,000 a/c opportunity

Most

advanced

engine

GE’s ever

designed 5% BETTER fuel efficiency

vs. ANY engine I N C L A S S

• With 65 operators

Claims based on GE estimates

Fleet in service

1,700

2,600

’14E ’20F


GE Aviation 25

3

7 5 5

70's 80's 90's 00's 10's

Building on technology investment

Enabling …

• Engineering productivity 10%+

• Manufacturing technology readiness

• Supply chain efficiencies

Commercial launches

Delivering technology with customer confidence

GEnx LEAP & Passport GE9X

Scale and design for higher cycle utilization

Scale & design for higher thrust and advanced materials

2011 2015-2016 2020

60M

9

E N G I N E S H O U R S

6000 E X P E R I E N C E

LEAP is a trademark of CFM International, a 50-50 JV between Snecma and GE

Technology experience (engines/hours): CFM: ~4,000/~30MM, GE: ~2,000/~30MM

Commercial launches: 19 GE, 9 CFM, and 1 EA


GE Aviation 26

Carbon-fiber composites … only GE

GE90-115B 777-200LR, -300ER, 777F

GE90-94B 777-200ER

GEnx 787, 747-8

GE9X Boeing 777X

• Swept aero

22 blades • Wide chord design

22 blades • Improved efficiency

18 blades • Improved materials

16 blades

‘95 ‘04 ‘11 ‘20

Extending to fan cases • Integrated structure

• Saves 700+ lbs per aircraft on 787

1 00+ million flight hours

2020 fan blade E X P E R I E N C E

Based on GE estimates


GE Aviation 27

Compression technology … driving efficiency through pressure

GEnx 787, 747-8

GE9X 777X

Compressor pressure ratio

2011 2018 Cert

LEAP & Passport 737MAX, A320neo Global 7/8000

2015-2016

23-1 22-1 27-1

Performance claims based on GE estimates

LEAP is a trademark of CFM International, a

50-50 JV between Snecma and GE

1 4

technology platform …

product applications


GE Aviation 28

Combustion technology

• Higher pressure, new standard in industry

DAC (GE90-94B) 777-200ER, 777F

TAPS I (GEnx) 787, 747-8

TAPS II (LEAP) 737 MAX, A320 neo

TAPS III (GE9X) Next-Gen 777

• Evolution in lean combustion

• Additive fuel circuit

• Set the industry standard

2015

1995

2008

2019

A 20+ year journey of proven innovation in combustion science, materials, and manufacturing

Leader in NOx technology


GE Aviation 29

Turbine technology


GE Aviation 30

GE90 777

GEnX 787, 747-8

GE9X Next-Gen 777

• Aero and cooling innovation

2008

• 3D Aero sets industry standard

1995/2004

• Advanced Ceramic-matrix composites

2015

Leading edge innovation … delivering best fuel burn LEAP

737 MAX, A320 neo

• Advancing Ceramic-matrix composites

• Advancing metals technology

2019

Ceramic-matrix composites (CMC) … next generation of innovation

CMCs are silicon carbide fibers in a silicon carbide matrix

Nozzles

Blades

Shrouds Combustor

Diameter of a human hair

LEAP is a trademark of CFM International, a 50/50 JV between Snecma and GE

better fuel efficiency 2,400°F 1/3 weight

of metal + = 500°F hotter than metal


GE Aviation 31

Ceramic-matrix … only GE

GE9X

2020 1980 2000 2016

Research LEAP

2.3

Hours by 2019

Revenue service

Aviation HPT shroud

GE Power Turbine shroud

1

G E N E R A T I O N st 2

G E N E R A T I O N nd 3

G E N E R A T I O N rd

GE Frame 7

GEnx and T700

ADVENT and F414

Aviation HPT nozzles and blades

Product Development


GE Aviation 32

M

Commercial services


GE Aviation 33

Servicing our customers today and tomorrow

Service offerings GE & JV engines backlog

CFM/

LEAP

GEnx

GE90/

GE9x

CF6

CF34

GP7000 33,000 engine installed fleet

16,300 CFM56 engines. CFM is a 50-50 JV between GE and Snecma

120 GP7000 engines. GP7000 is a product of EA, a 50-50 JV between GE and Pratt & Whitney

New, Used, Repaired Material

Overhaul Time and material (T&M) overhaul

Asset Optimization

TRUEngineTM program

Analytics

Diagnostics

Risk Transfer $/hr comprehensive maint coverage

$96B

Production (years)

Services ($B)

4 $43

6 $6

2 $5

4 $27

6 $13

2 $2


GE Aviation 34

Backlog

Industry leading product portfolio … today and tomorrow

CFM International is a 50/50 joint company between Snecma and GE Engine Alliance is a 50/50 JV between GE and Pratt & Whitney

CF34 8/10 powered regionals

40+ Years

Design and Test

New engines

GP7200-powered A380

GE90-powered Boeing 777

CFM-5/7 powered narrowbodies

CF6-80E powered

widebodies Engine lifecycle revenue

LEAP-powered narrowbodies

GE9X-powered Boeing 777X

GEnx-powered widebodies

Parts and Services

CFM-3 powered narrowbodies

CF34-3 powered regionals

CF6-80C powered

widebodies

CF6-6/50 powered

widebodies


GE Aviation 35

'90 '10 '13

GE

CFM

‘90 ‘10 ‘13

Well positioned for services growth



GE Honda is a 50/50 JV between GE and Honda Aero, Inc.

Segment/geographic

Diverse fleet Large fleet Installed base 21,000 aircraft in ‘13

Engine maturity

Young fleet

1+ SV

0 SV

0 SV

1+ SV

NB

WB

RJ

TP

N.Am

L.AM

Europe

ME/Af

Asia

Type

Region


GE Aviation 36

Total

fleet

CFM

7B/5B

fleet

GE Overhaul Shops

Snecma Shops

Network

Aligned network of global service partners

OEM

GE Celma

GE Malaysia

GE Strother

GE Wales

GE Caledonian

St. Quentin Brussels Morocco Mexico

CFM, CFM56, and the CFM logo are trademarks of CFM International, a 50/50

joint company between Snecma and General Electric Company

Network

CFM56

CF6

CF34/CT7

GE90

GEnx

• More than 8,000 employees in 10 countries

• 250 field service engineers

• 450 dedicated customer support representatives

• 400+ services customers worldwide

• 55+ years of experience (25+ years CFM)

• Network locations worldwide

Cincinnati McAllen, TX Terre Haute Hungary Singapore Singapore-ATI

GE Component Repair


GE Aviation 37

EGAT

http://www.srtechnics.com/cms/index.asp?TopicID=101

Installed base (‘13) Upgrades Fuel Burn Time-on-wing

CFM56 ~18,500 8 8% 2x

CF6-80C2 ~3,000 8 3% 3x

GE90 ~1,550 5 2% 2x

GE’s tradition: continuous product improvements to reduce customers’ cost of ownership


I M P R O V E M E N T S

1995 EIS

1986 EIS

1984 EIS


GE Aviation 38

Minds + Machines = customer productivity

Reduced maintenance burden Inspections tailored by serial number

Fleet segmentation

Engine and part specific duty cycle

Analytic based inspection limits … FAA approved

Operations optimization Zero unplanned downtime / disruptions

Avoid high cost failures

Predictive Analytics Advanced detection methods

Rapid data forensics + data sciences

Airline operations optimization

Flight Efficiency Services

Using analytics to identify operational savings

Improve airlines flight economics

Optimized policies and procedures via data fusion and analytics … fuel savings

Customer outcome Big data and predictive analytics


GE Aviation 39

Military engines & services


GE Aviation 40

Military … the affordable alternative

Proven power for DoD Total platforms

Global In-service fleet # of engines ‘000

30

25 26

Combat

Transports

Special

Marine

Helos

10

6

3

4

12

6

3

4

15

7

3

4

’15F ’20F ’14E

CFM ~2,300 ‘13, ~2,400 ‘15, ~2,600 ‘20

Source: Flight Global, GE analysis

Global position # of engines

15,700

14,000

22,600

2,300

2014 installed fleet

Rotorcraft

Combat

Large tanker/transport

*-a)

Bombers

Marine

61%

40%

51%

72%

64%

(a-includes aircraft with MTOW >150,000 lbs

6,211

3,403

1,584

160

143

FY14 FY15 President's Budget

581 575 War funding

Base

DoD budget ($ billions)


GE Aviation 41

* CFM is a 50/50 JV between GE and Snecma

Upgrades to fleet improvement

Total engines

Opportunity Program

Black Hawk/Apache T700-701D

KC-135 F108 (CFM) C-PUP

•1.5% better fuel burn

•>600 fewer shop visits

• Life savings of $2B

• More systems power

• Life savings up to $5B

•20% thrust increase

Super Hornet/Growler F414 EDE

Value prop

6,500 $2B+

Rev

1,730

1,515


•5% more power

•2-3X core life

• Army funded dev.


GE Aviation 42

$1.5B

Rev

$3B

Rev

Helicopters … diversified growth

T-70/Black Hawk

GE-powered international military (installed engines)

3,200

‘12 ’20F

40%

4,400

AW149 AW101

NH-90 KUH-Surion

Operating in 32 countries

AH-64 Apache

T700 military derivative: CT7 power of choice

EIS ’13 1st flight ’14

525 Relentless S-92

EIS ’04

AW189

144

GE-powered oil & gas helicopters (installed engines)

‘12

570

’20F

4X


GE Aviation 43

Leadership in rotorcraft …


GE Aviation 44

Our newest family member … GE38

GE38

7,500 shp class

• 57%* more power

• 18%* better SFC

• 63%* fewer parts

Sikorsky CH-53K King Stallion

“US largest new rotorcraft system … new technologies … 3X lift capability of aircraft it replaces”

Aviation Week – May 5th

*Compared to engine it replaces (T64)

Next generation for rotorcraft

65% better

25% lower

35% lower

Specific Fuel Consumption

(SFC)

Cost

T700 baseline

More power in hot/high conditions

Lower fuel consumption

Lower operating costs

AATE (Advanced Affordable Turbine Engine)

FATE (Future Affordable Turbine Engine)

80% better

35% lower

45% lower

Power: weight

T55 baseline

• For Black Hawk and Apache

• For NextGen rotorcraft

Leadership in combat …

What is next gen combat propulsion? Adaptive cycle game changers

Enables adv weapons

Enhanced survivability

Increased thrust

Improved cooling capacity

ADVENT (Adaptive Versatile Engine Technology)

AETD (Adaptive Engine Technology Development)

Only Engine Mfg. awarded

BOTH contracts

Highest

combination of

pressure and

temperatures

ever achieved in industry ADVENT engine

Today …

High-bypass, highly efficient

OR

High performance Fuel efficiency

Low-bypass, high thrust

Future … Adaptive Cycle

AND High performance Fuel efficiency

• 3rd stream fan

• Advanced materials

• High energy core

• Advanced cooling


GE Aviation 45

Building on technology investments

AETD (Adaptive Engine Technology Development)

30% better

25% lower

Fuel burn

Thrust Range

5th Gen baseline

10% more

Advanced aerodynamics & cooling

High temperature alloys

Ceramic Matrix Composites (CMC)

High efficiency core

Adaptive cycle & 3rd stream

High pressure ratio

Survivability technologies

Augmentor/exhaust nozzle

GEnx

LEAP

GE9X

F136

ADVENT



GE Aviation 46

Commercial engines

Military engines

Aviation systems & Business and general aviation


GE Aviation 47

2 global business Positioning for growth Worldwide presence

North America

United States

Canada

Europe

United Kingdom

France

Poland

Asia-Pacific

China

Australia

Singapore

GE Aviation systems solutions

Integrated Systems

Electrical power

Mechanical

Unison

Avionics & Digital

Core Avionics

Digital Systems

787: $1.0MM/aircraft

A350: $1.0MM/aircraft

A380: $1.5MM/aircraft

F-35: $1.6-1.8MM/

aircraft

G650: $0.4MM/aircraft C919:

$3.0MM/aircraft


GE Aviation 48

Flight Management System (FMS)

5 product areas …

• Flight planning • Flight optimization, performance

Computing and networking

• Centralized computing hardware • Remote interface network units

Displays

• Head-down displays • Standby instruments

Vehicle Health &

Data Mgmt (VHDM)

• Aircraft data recording • Aircraft health monitoring

Mission Systems

• Payload deployment • UAV refueling, landing

Key programs, pursuits

$400M+ $450M+ $140M+ $300M+

C919 KC-46/C-130/P-8 B777X Typhoon B737/A320 upgr.

$700M+

FMS

Computing

Displays

Opp’ty

Avionics overview … GE portfolio


GE Aviation 49

Growth in China

• 250 engineers in Shanghai

• Tier 1 avionics … hardware and software

development, and integration

Launch platform … COMAC C919 … EIS 2017

China, Asia-Pac … key growth

Deliveries next 20 years*

35% Asia-Pac

N. America

Europe

Other

20%

23%

22%

Asia-Pac fleet size*

2011 2031

4,700

13,700 ~3x

* Boeing estimate

Core computing

Networking

Displays

Flight Management System On-board maintenance

Engines

Integrated propulsion


GE Aviation 50

Integrated systems Differentiated solutions for military & civil platforms

Power Unison Mechanical

• Aircraft power … generation, distribution & conversion

• Air management systems … valves, air starters

• Thermal management

• Tubes & ducts

• Electrical components …

• Ignition, sensors, FADEC power

• Propellers

• Aero structures

• Landing gear & actuation


GE Aviation 51

Electric Power … airplane “smart grid”

Power conversion

Primary power distribution

Secondary power distribution Generation

Battery systems

Emergency power

Environmental controls

Advanced propulsion

Integration labs … US & UK

Where we are competing and winning

• Primary & distributed power … G650

• Primary power on … 75% large UAVs

• Backup power on … 777X

• Power System on … JSF


GE Aviation 52

… Applying GRC innovations

Business & General Aviation engines

*GE Honda Aero Engines LLC is a 50/50 joint venture between GE and Honda Aero Inc.

CFM, CFM56 and CFM logo are trademarks of CFM International, a 50/50 joint company of Snecma and GE.

GE Honda* HF120

M601, H80

CF34 Turbofan

Passport 20

Bombardier Challenger 605

HondaJet

LET L410 Thrush 510G King Air 90 (Retrofit)

Bombardier Global 7000 Bombardier Global 8000

Bombardier Challenger 850 Bombardier Challenger 870 Bombardier Challenger 890 Embraer Lineage 1000

CFM56-5B

Airbus A319 Boeing Business Jet

CFM56-7B


GE Aviation 53

CAIGA TP150

Nextant Aerospace G90XT

Expanding in growing segments

AIR-TEC L410 Upgrade Thrush Aircraft 510G

Aircraft Industries L410 Technoavia Rysachok

Turboprops … lowest

cost, best performance

Light jets … expand GE

Honda franchise

Mid-size jets …

everything but engines

Large cabin … GE Passport + Flight Efficiency Services and Power

Services … synonymous

with support

Turboprop platforms

H-Series aircraft opportunities* New

500 2,100

Retrofit

* Next 10 years


GE Aviation 54

Expanding in growing segments

Large business jet Light business jet

GE Honda is a 50/50 JV between GE and Honda Aero, Inc.

HF120: Certified

• 12,000+ engine cycles

• 8,400 + engine test hrs.

Passport: First engine to test

• Engine performance on track

• HF120 share grow to 25% by 2022 …

growth stimulated by new platforms

• Expected $8B market ’13’-’32

• GE at 23%, projected 2022 share 35%

• Increased international deliveries on

demand for larger cabin, longer range


GE Aviation 55

Engineering excellence


GE Aviation 56

Engineering … a global community

China ~150 engineers

Poland ~650 engineers

Italy ~425 engineers

Mexico ~1100 engineers

United States ~5650 engineers

India ~690 engineers

UK ~650 engineers

Turkey ~250 engineers

Aviation

GRC

Over 9500 engineers around the globe + 3000 technologists at 5 Global Research Sites

Czech Republic ~70 engineers


GE Aviation 57

Leading in commercial engine technology


GE Aviation 58

Fuel Burn improvement

10%

20%

LEAP is a trademark of CFM International, a 50/50 JV between Snecma and GE

787 (GEnx)

A320, 737 (CFM LEAP)

777X (GE9X)

777 (GE90)

737 (CFM56)

A380 (GP7000)

Regionals (CF34)

1980 2000 2020

Our key new product introductions

HF120 is a trademark of GE Honda, a 50/50 JV between GE and Honda Aero Company

LEAP is a trademarks of CFM International, a 50/50 JV between Snecma and GE


GE Aviation 59

Program ‘14 ‘15 ‘16 ‘17 ‘18 ‘19

GEnx In service

GE Honda HF120

FAR 25 In service

Passport Flight test Cert In service

CFM LEAP

Flight test Cert In service

Engine test


Heavy Lift helicopter

Flight test Flight test Flight test In service

GE9X Tech develop

Drawing release

Engine test


Advanced Combat

Tech develop

Tech develop

Drawing release

Engine test

Flight test Cert

Advanced helicopter

Tech develop

Tech develop

Tech develop

Drawing release

Engine test

Flight Test

Tech maturation

Production development

Airbus/ COMAC

Boeing

Boeing

Honda

Bombardier

Sikorsky

Boeing

DoD

DoD

Technology “FastWorks” … Design Iterations From Your Desk

Design Concept Test Prototype

3D Printing

36 Turnaround

W E E K S

2 WEEKS

Before

Now

Metal Casting


GE Aviation 60

Technology-dedicated lean labs … accelerating innovation

1

11

lab Maturing All Technologies

Individually Focused Labs

Lean Labs

Research

Production


GE Aviation 61

Avio Aero … broad range of capabilities

Aeroengine technologies – Avio positioning (Qualitative representation of a geared turbofan engine)

Power

Gearbox Compressor

Accessory

Gearbox

Combustion

chamber

High

pressure

turbine

Low

Pressure

Turbine

Fan

• Up to 700 kw power range

• GBX integration with oil system

• World’s largest LPT experience (GE90)

• State of the art turbine efficiency (GEnx)

• Unique design & make capabilities

• Up to 30 MW power range


GE Aviation 62

The global research advantage

Global Research Europe Munich, Germany

Brazil Technology Center Rio de Janeiro, Brazil

China Technology Center Shanghai, China

India Technology Center Bangalore, India

Global Research Center Niskayuna, NY 3,500

research employees

50,000

GE technologists worldwide

~$5 billion technology spend

Aero-Thermal and Mechanical Systems

Chemistry and Chemical Engineering

Diagnostics and Biomedical Technologies

Electrical Technologies and Systems

Manufacturing and Materials Technology

Software Sciences and Analytics


GE Aviation 63

Global Software Center San Ramon, CA

GE’s Analytics Advantage

350

Full flight data growth (# of flights)

Engineers working on Aviation Analytics

25 Customers connected to full flight data

2013 2014 2015

15k

3.4M

~10M

2 340 1,500 Data

Volume (Tera Bytes)

SoftWare CoE

Aviation


GE Aviation 64

Minds & Machines at GE Aviation Asset productivity….example

Issue: Accelerated wear in regions with high air particulates

Approach: Applied analytics to detect engines at risk of early removal (millions of data points used…every engine in the fleet, every flight)

Value: Prevent high cost events and minimize customer maintenance burden

Time on Wing Maintenance, Repair & Overhaul

Reliability Disruptions

Dis

tre

ss

me

tric

Flight Cycles


GE Aviation 65

Minds & Machines at GE Aviation where physics meets analytics

“Temperature has shifted in particulate environments”

Anomaly Detection Descriptive Analytics

En

gin

e

Te

mp

era

ture

Departures

“We have isolated the operational condition”

Predictive Analytics

“Condition will cause engine removal in xx flights. Recommended operation to extend time on wing is…..”

Prescriptive Analytics

Above limit … on watch

Below limit … continue service

Departures

Operator A Derate, dust

“A subset of the fleet is susceptible to accelerated wear”

Operator B No derate, dust

Part Temperature

Ex

po

sure

Dis

tre

ss M

etr

ic

Engine data + environment + engine

physics = Customer Value

Cruise

Takeoff Climb

Ex

ha

ust

ga

s te

mp

(C) Corrosion

Threshold


GE Aviation 66

Minds & Machines at GE Aviation Flight Efficiency Services…improving how airlines fly their planes

Average Cost Increase = 150 kg / flight

Average Cost Increase = 2300 kg / hold

Green = Left Red = Right

“Let’s measure and track

safety & fuel procedures”

+ Austin Digital

“Let’s find and implement

fuel saving programs”

+ Fuel and Carbon

“Partner with me to

increase efficiency”

+ Navigation Services

“Let’s implement full

ops efficiency”

+ Fleet Synchronization


GE Aviation 67

Supply chain


GE Aviation 68

Supply Chain … a global community Services

Engines New Make

79 facilities

21 countries

31,400 employees

5,000 suppliers

9 joint ventures

Systems New Make


GE Aviation 69

Supply Chain execution

Capacity & Capability (commercial & military units)

• Restructure high cost sites

• Expand footprint … new plants

'11-'13 Avg '14 '15-'17 Avg

Drive Cost out ($ in millions)

$221

+

++

'14E '15F '20F

4,000 4,100 4,150

70% NPI

NPI

Comm’l

Military

• Increase volume at low cost sites

• Dual source for cost & risk reduction

• Accelerate productivity …

material & conversion

• Vertical integration … make vs. buy


GE Aviation 70

Vertical integration activity J

oin

t V

en

ture

A

cqu

isit

ion

D

isp

osa

ls

FADEC JV

Low technology

Non-core

2011 – 2013 … 16 deals Technology differentiation & cost control

• Ceramic-matrix composites

• Enabling technologies

• FADEC JV

• Fuel nozzles JV

• Composites

• Advanced castings

Reenergizing make vs. buy


GE Aviation 71

10+ dispositions

Fuel nozzles … partnering for innovation

Additive tip (Combined fuel and air circuits)

GEnx LEAP Tip 1 component

Braze/weld 6 joints/8

Cost

Weight

Supplier Developed GRC

Supplier Designed GE Aviation

Supplier Intellectual property GE

Supplier Manufacturing Joint venture

Supplier Services Joint venture

Formation of Advanced Atomization Technologies as a Joint Venture between GE and Parker is subject to regulatory approval

20+ components

27 joints/11

25% less

30% lighter


GE Aviation 72

Unique Additive Manufacturing expertise Italy – Cameri (Novara)

• Established in 2004

• 10 years of R&D/prod. experience

• New plant in 2013 (12,000 sqft + growth potential of 2x)

• Technical Lab (chemical, Laser Scan)

• Gas Atomization for powder production (Q1 2015)

Key technologies

DMLS (Direct Metal Laser sintering) EBM (Electron Beam Melt.)

Deoiler

Liner

Products

Housing Air duct

TiAl Rotor blades Impeller Injection system


GE Aviation 73

Material …

Building new technology capabilities

Additive manufacturing

World’s highest capacity manufacturer

Ceramic-matrix composites

Product …

Lean labs

Production …

Application science … Scale … Production …

Clyde, NY

* Advanced Atomization Technologies (Parker JV) pending regulatory approval


GE Aviation 74

Auburn, AL

Asheville, NC Newark, DE

Maintenance, repair & overhaul … footprint for the future

CFM, CFM56, and the CFM logo are trademarks of CFM International, a 50/50 joint company between Snecma and General Electric Company


GE Aviation 75

OEM

GE Celma

GE Malaysia

GE Strother

GE Wales

GE Caledonian

St. Quentin Brussels Casablanca Queretaro

Network

CFM56

CF6

CF34/CT7

GE90

GEnx

EGAT

9,000 11,300

15,000

'10 1Q'14 '20F

$42 $96

'10 1Q'14 '20F

Engines under CSA

Services backlog

Network imperatives

• Grow low cost sites

• Expand partner capability and

capacity in each region

++

http://www.srtechnics.com/cms/index.asp?TopicID=101

Wrap up


GE Aviation 76

In summary

Great GE business that invests & delivers

Unprecedented installed base … and growing

Investments in all segments securing product positions

Unprecedented services backlog … and growing

Minds & machines enhancing customer productivity

A commitment to technology leadership

Culture of simple, competitive cost

structure


GE Aviation 77

ge webcast presentation 05122014 2

Documents

ge aviation jefferies

forwardlooking statements

financial conditions

fitzgerald vice president

mottier vice president

athans vice president

chahrour vice president

general manager effective