GE Aviation Jefferies Investor Visit: Imagination at Work

Imagination at work.
May 12
th
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 Corporations (GECC) funding and on our ability to reduce GECCs 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 GEs 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 worlds 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
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Powering the worlds 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 Navys fleet are powered by
GE Aviation and all of the Navys 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 Aviation
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*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
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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
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-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
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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
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Commercial engines

GE Aviation
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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
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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
+
3
10
2
98
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
2
93
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
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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%
8% 22%
In service Backlog
Asia
38% 36%
21% 8%
In service Backlog
0.4% 0%
North America
30% 50%
30% 14%
In service Backlog
Latin America
45% 48%
20% 5%
In service Backlog
Middle East
21% 24%
33% 21%
In service Backlog
7% 6%

GE Aviation
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($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
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15F 12 15F 12 15F 12
12 15F 15F 12 15F 12
Traffic growth ~ 3%
Our growth 11%
Traffic Growth ~ 3.5%
Our growth 17%
Our growth 22%
Traffic growth ~ 5%
Our growth 30%
Our growth 32%
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 JVs
B
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
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Commercial product positioning
Todays
investment
Todays 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)

GE Aviation
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Embraer 170/175/190/195
Powering the worlds regional fleet
CF34 engines in service
4,600
5,000
5,100
'13 '15F '20F

operators
in
countries
MI 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
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Preferred power for narrowbody
MI L L I O N
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

L O W E R
fuel consumpti on
*
*Compared to todays 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
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Superior fuel burn today and tomorrow
Best-selling
widebody
engine ever
7,450 delivered
GEnx
Airbus A380
Y E A R S
CF6
62
%
WI N R AT E
Boei ng 787
i n s er 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
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630
2,100
'14E '20F
Technology leadership in big twins
MI L L I O N
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
GEs ever
designed
%
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
M
9
E N G I N E S H O U R S

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

million flight hours
2020 fan bl ade
E X P E R I E NCE
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
Performance claims based on GE estimates
LEAP is a trademark of CFM International, a
50-50 JV between Snecma and GE

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 +
=
500F hotter
than metal

GE Aviation
31
Ceramic-matrix only GE
GE9X
2020 1980 2000 2016
Research
LEAP
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
TRUEngine
TM
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
Installed
base (13) Upgrades Fuel Burn Time-on-wing
CFM56
~18,500
%
CF6-80C2
~3,000 %
GE90
~1,550
%
GEs 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 1
st
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
3
rd
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
5
th
Gen
baseline
10%
more
Advanced aerodynamics & cooling
High temperature alloys
Ceramic Matrix Composites (CMC)
High efficiency core
Adaptive cycle & 3
rd
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
Oppty

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
Worlds 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
GEs 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 usedevery engine in the fleet,
every flight)
Value: Prevent high cost events and
minimize customer maintenance burden
Time on Wing Maintenance,
Repair & Overhaul
Reliability Disruptions
D
i
s
t
r
e
s
s

m
e
t
r
i
c

Flight Cycles

GE Aviation
65
where physics meets analytics
Temperature has shifted
in particulate environments
Anomaly Detection
Descriptive Analytics
E
n
g
i
n
e

T
e
m
p
e
r
a
t
u
r
e

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
E
x
p
o
s
u
r
e

D
i
s
t
r
e
s
s

M
e
t
r
i
c

Engine data +
environment + engine
physics =
Customer Value
Cruise
Takeoff
Climb
E
x
h
a
u
s
t

g
a
s

t
e
m
p

(
C
)

Corrosion
Threshold

GE Aviation
66
Flight Efficiency Servicesimproving how airlines fly their planes
Average Cost Increase = 150 kg / flight
Average Cost Increase = 2300 kg / hold
Green = Left
Red = Right
Lets measure and track
safety & fuel procedures
+ Austin Digital
Lets find and implement
fuel saving programs
+ Fuel and Carbon
Partner with me to
increase efficiency
+ Navigation Services
Lets 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
Comml
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
o
i
n
t

V
e
n
t
u
r
e

A
c
q
u
i
s
i
t
i
o
n

D
i
s
p
o
s
a
l
s

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
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
Worlds 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
++
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 Aviation Jefferies Investor Visit: Imagination at Work

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Imagination at work.

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