KEY STATISTICS
− 50,000+ employees worldwide − Operating in more than 35 countries − Backed by industry strong AA+ and Aa2 ratings by S&P and Moody’s, respectively
BUSINESS DIVISIONS
Norman Liu President & CEO
Aircraft Leasing (incl PK AirFinance) Asset Management Group (Engine Leasing, Asset Management Services) Airport Financing
Note: 1,546 owned aircraft fleet as of 4Q10
Product & geographic breadth
Geography
2%
Products
13%
70%
15%
Op Lease Loans Fin Lease Other
2% in transit
Note: Portfolio as of 1Q08
Global fleet with over 1,525 owned aircraft and approximately 300 managed aircraft Broad range of leasing, financing and servicing products Expansive geographic footprint: 25 offices serving approximately 245 customers in over 75 countries … a leader in emerging markets Experienced team with deep technical, financБайду номын сангаасal, marketing and restructuring expertise Full asset lifecycle management: parts/part-out solutions Airport financing unit started in 2006 YE 2010: $49.1B in assets, $1.2B in net income, 480 staff
’10 FINANCIAL HIGHLIGHTS
− Total Assets: − Gross Revenue: − Net Earnings: $751.2B $150.2B $12.6B (Cont. Ops.)
3
GE: A reputation of excellence
The 25 Most Innovative Companies 2010, Bloomberg BusinessWeek April 2010 Bloomberg BusinessWeek ranks GE among the world's 25 most innovative companies in its latest annual survey. World's Most Admired Companies, Fortune March 2010 GE is ranked among the World's Most Admired Companies by Fortune for its 5th consecutive year. World's Most Ethical Companies, Ethisphere Magazine March 2010 GE is proud to be recognized by Ethisphere Magazine as one of the World's Most Ethical Companies for the fourth year in a row. The World's Most Innovative Companies, Fast Company February 2010 GE is ranked number one in health care and 19th overall on Fast Company's latest list of the world's top 50 most innovative companies. Best Companies for Leadership, BusinessWeek February 2010 GE is named the World's Best Company for Leadership in the latest annual rankings released by BusinessWeek. America's Most Generous Corporate Foundations, BusinessWeek 14 January 2010 BusinessWeek takes a look at the philanthropic efforts of American corporations and ranks the GE Foundation among the most generous. The World's 25 Most Inventive Companies, BusinessWeek 13 January 2010 With over 20,000 patents filed over the last decade alone, BusinessWeek ranks GE among the world's most inventive companies. World's Best Companies for Leaders, Fortune November 2009 Fortune ranks GE among the world's top companies for leaders, recognizing a company-wide commitment to developing leadership talent.
’10 FINANCIAL HIGHLIGHTS
− Total Assets: − Gross Revenue: − Net Income: $49.1B $5.1B $1.2B (Cont. Ops.)
6
A timeline of growth
Freighter Conversion Aircraft Parts Trading Engine leasing Focus on placements and productivity solutions ATR 72-600 Turbo
Capital Healthcare Technology Infrastructure Energy Infrastructure
KEY STATISTICS
− 300,000+ employees worldwide − Operating in more than 160 countries − Manufacturing facilities in more than 32 countries
Spare parts
Airport consulting
Airport investing
Fleet is strong, young, and fuel efficient
Average age: 7 years Good assets with broad operating base 92% of narrow body fleet are very attractive A320 and 737NG aircraft Majority of wide body fleet broadly used 777s, 767s, & A330s Skyline placement continues to be strong
’10 FINANCIAL HIGHLIGHTS
− Total Assets: − Gross Revenue: − Net Income: $581.1B $47B $3.3B (Cont. Ops.)
5
*Source GE 200710K/3Q’08 10Q
GE Capital Aviation Services
2007
2009
2010
2011
Guinness Peat Aviation (GPA)
9/11 crisis multiple airline bankruptcies ~12
Economic meltdown • Fuel shock • Capital markets/ credit crisis
B747-8F Aircraft Debt PK AirFinance Regional Fleet Intro
Aircraft Leasing
Airport Financing
AB and Boeing new orders
1993
Original merger
1999
2000
2002
2006
Emerging markets booming • 10 offices
4
Global distribution network
• 25 offices covering airlines in 75 countries • 11 locations serving emerging markets
Our fleet is made up of …