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Goldman Sachs Industrials Conference CAUTION CONCERNING FORWARD -LOOKING STATEMENTS: This document contains "forward -looking statements" –that is, statements related to future events that by their nature address matters that are, to different degrees, uncertain. For details on t
Goldman Sachs Industrials Conference
CAUTION CONCERNING FORWARD -LOOKING STATEMENTS:
This document contains "forward -looking statements" –that is, statements related to future events that by their nature address matters that are, to different degrees, uncertain. For details on the uncertainties that may cause our actual future
results to be materially different than those expressed in our forward -looking statements, see http://www.ge.com/investor -relations/disclaimer -caution -concerning -forward -looking -statements as well as our annual reports on Form 10 -K and
quarterly reports on Form 10 -Q. We do not undertake to update our forward -looking statements. This document also includes certai n forward -looking projected financial information that is based on current estimates and forecasts. Actual
results could differ materially.
NON -GAAP FINANCIAL MEASURES:
In this document, we sometimes use information derived from consolidated financial data but not presented in our financial st atements prepared in accordance with U.S. generally accepted accounting principles (GAAP). Certain of these data
are considered “non -GAAP financial measures” under the U.S. Securities and Exchange Commission rules. These non -GAAP financial measures supplement our GAAP disclosures and should not be considered an alternative to the GAAP
measure. The reasons we use these non -GAAP financial measures and the reconciliations to their most directly comparable GAAP fin ancial measures are included in the GE earnings supplemental information package posted to the investor
relations section of our website at www.ge.com .
Our financial services business is operated by GE Capital Global Holdings LLC (GECGH). In this document, we refer to GECGH as “ GE Capital”. We refer to the industrial businesses of the Company including GE Capital on an equity basis
as “GE”. “GE (ex -GE Capital)” and /or “Industrial” refer to GE excluding GE Capital.
GE’s Investor Relations website at www.ge.com/investor and our corporate blog at www.gereports.com , as well as GE’s Facebook page and Twitter accounts, contain a significant amount of information about GE, including financi al and other
information for investors. GE encourages investors to visit these websites from time to time, as information is updated and n ew information is posted.Jamie Miller, CFO
May 15, 20192Progress on our priorities
•Announced BioPharma sale … $20B+ cash
proceeds, targeting close in 4Q’19
•Closed Transportation merger ... $2.9B cash, 24.9%
Wabtec ownership, ~$0.5B future cash consideration
•GE Capital asset reduction on track … $1.1B
completed in 1Q, ~$16B to date; closed MUFG
•Running GE with higher cash balances … Industrial
cash balance of $17B-a); GE Capital liquidity of $15B
•Average intra -quarter short -term borrowings $4.4B
versus $17B in 1Q’18 … balances will fluctuate
quarterly based on disposition timingImproving our financial position1
•Fixing Power : Order profile at higher margin, lower risk;
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