Preliminary 2009 first quarter results/ 2
Overview
• GE perspective
• Five keys to rail progress
• Discussion
Preliminary 2009 first quarter results/ 3
~$150B Revenue (2010)
$12.6B earnings
$14.7B cash flow
GE Energy $37.5B GE Capital $47.0B
Home & Business $25.5BSolutions, Media
Healthcare $16.9B
Aviation $17.6B
Transportation $3.4B
Energy Services
Oil & Gas
Power & Water
GE’s Portfolio
Preliminary 2009 first quarter results/ 4
GE Transportation• Global HQ: Erie,
Penn.
• Established more than 100 years ago
• Global workforce: ~11,000
• Global supplier network: ~1,600 companies
• Industries: Rail, Signaling, Mining, Marine, Oil Drilling, Stationary Power, Wind, Energy Storage
• Revenue: $3.4 billion (2010)
Preliminary 2009 first quarter results/ 5
•$400M investment
•40% lower emissions
•330,000 gallons of fuel savings (20 yrs)
•Moves one ton of freight ~480 miles on one gallon of fuel
Core product … eco locomotive
•Enough power to haul 170 “747” Jumbo Jet airliners
•Introduced in 2005 … 4,100 locos in use worldwide
Preliminary 2009 first quarter results/ 6
Egypt
Kazakhstan/CISUK PowerHaul
Australia
Brazil
China
United States
Canada
Mexico
Modernization
Indonesia
Global means to be local everywhere
~17,000 locomotives in more than 50 countries~4,500 Evolution Series locomotives sold since
launch in 2005
S. Africa
Turkey
Preliminary 2009 first quarter results/ 7
Much more than locomotives…
Global transportation systems provider with applications for rail,
mining, marine, offshore drilling, power
generation, energy storage & wind
industries
Global transportation systems provider with applications for rail,
mining, marine, offshore drilling, power
generation, energy storage & wind
industries
Locomotive, Modernizations, Parts & Service
Off-Highway VehiclesMining
Marine Propulsion Systems
Drill SystemsOil & Gas
DrivetrainTechnologies
Wind
Energy Storage
Intelligent Control Systems
Preliminary 2009 first quarter results/ 8
Dispatch Center
Wayside UnitWayside Unit
GPSSatellites
1.
3.
4.
2.5.
Communication Network
Wayside Communication Network
Michigan ITCS
Preliminary 2009 first quarter results/ 9
Investing in our futureMajor investment in
new technologies, products and services: $600MM (2010-11)
Tier 3 and 4 emission standards (rail, marine)
Higher speed rail in the U.S.
Battery and energy storage … $160MM investment … hybrid applications
Globalization & product diversification
Preliminary 2009 first quarter results/ 12
Exports Critical for U.S. Rail Suppliers
• GE – South Africa launch 2/11 – 10 U.S. locos … 90 assembled in-country with PA high-value kits
• Passage of Pending Free Trade Agreements with Columbia, Panama and South Korea will further boost domestic supplier export opportunities
Preliminary 2009 first quarter results/ 13
GE to open locomotive plant in Texas• Expansion of U.S. operational footprint to
Fort Worth, TX … 900,000 sqft facility
• Up to $100 million investment … 500+ high-tech manufacturing jobs … production launch in 3Q 2012
• Facility next to key customer BNSF
Preliminary 2009 first quarter results/ 14
Keys to Rail Success
1. Freight Rail is the Core
2. Push New Technology and Innovation
Preliminary 2009 first quarter results/ 15
Thomas Edison patent: “Locomotive for Electric Railways,”
1891
WattStation™ EV Charging Station: building on a century of innovation in designing and manufacturing electrical distribution systems
Preliminary 2009 first quarter results/ 16
GE Energy Storage• $160MM investment in battery technology
• Collaboration: GE Global Research, GE Transportation
• Durathon battery benefits:
• High-energy density … fast discharge … small footprint
• Reliability … minimal maintenance … low life cycle cost
• Temperature resistant … -20C to 70C
• Applications: Telecommunications, Utilities, Uninterrupted Power Supply … foundation for electric vehicle apps in rail, marine and mining
Advanced manufacturing facility in Schenectady,
NY
Preliminary 2009 first quarter results/ 17
Keys to Rail Success
1. Freight Rail is the Core
2. Push New Technology and Innovation
3. Enhance Infrastructure Investment
Preliminary 2009 first quarter results/ 20
Keys to Rail Success
1. Freight Rail is the Core
2. Push New Technology and Innovation
3. Enhance Infrastructure Investment
4. Balance Our Approach
Preliminary 2009 first quarter results/ 22
Keys to Rail Success
1. Freight Rail is the Core
2. Push New Technology and Innovation
3. Enhance Infrastructure Investment
4. Balance Our Approach
5. Drive Common Goals
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