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GE Overview

GE Overview. Paul Bresnehan Kristin Kanter Nate Bousquet February 4, 2009. Agenda. Company overview FMP program Internship opportunities Deadlines & process Q&A. GE strategic framework. Be the best global company Lead in technology and content Create valuable customer relationships

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GE Overview

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  1. GE Overview Paul Bresnehan Kristin Kanter Nate Bousquet February 4, 2009

  2. Agenda • Company overview • FMP program • Internship opportunities • Deadlines & process • Q&A

  3. GE strategic framework • Be the best global company • Lead in technology and content • Create valuable customer relationships • Develop the best people • Financial strength How We Win Who We Are “Solving the world’s toughest challenges…together” Always With Unyielding Integrity

  4. GE’s portfolio • “Solving the world’s toughest challenges…together” • 4 businesses operating in 100+ countries, ~323,000 employees … 125+ years • 2008 revenue of $183 billion EnergyInfrastructure Technology Infrastructure NBCUniversal CapitalFinance • Energy • Oil & Gas • Water & Process Technologies • Aviation • Enterprise Solutions • Healthcare • Transportation • Cable • Film • International • Broadcast • Sports & Olympics • Commercial Finance • Energy Financial Services • Aviation Financial Services • GE Money • Treasury Note: Excludes C&I segment, Corporate items & eliminations

  5. GE long-term performance Average growth 10% to ‘07 ($ in billions) Total Company – net earnings 20% $17.3 Recession Recession V% Company United Tech. 15 % CAT 5 Disney 1 Siemens (20 ) American Express (30 ) Bank of America (85) Average ~(20)% 5-year 10-year 15-year Revenues 12 % 6 % 8 % Earnings 2 6 8 Cash flow 10 7 9 ’08 peerperformance • Strong historical performance • Tough financial environment

  6. Finance mission Partners in building shareowner value throughintegrity, technical excellence, and leadership • Leadership FMP, CAS, EFLP … coaching, development, retention, career paths • Business partners Drive growth initiatives … lead operational excellence • Simplification Reduce complexity everywhere … commitment to lean • Controllership Company-wide recommitment … rigorous and sustainable F O CUS Best finance team in the world!

  7. Financial Management Program • Entry level finance program since 1919 • 90 year history /~13,000 FMP Graduates • Top university talent • Six-month rotational assignments • Four technical courses/Lean Six Sigma training • Mentoring and exposure to senior leaders • Current demographics • 47% U.S. / 53% non-U.S. • Male 58% / Female 42% • 31% minority in U.S. • - 19% Asian / 8% AA / 4% Hisp 36 countries Every GE business Program size 2008 North America 323Europe 155 Asia-Pacific 166 Latin America 12 Total 656 • Placement 2008 • CAS 33% • Finance 49% • Cross-functional 18% Placements 315

  8. FMP Internships • Project-oriented work assignments, 10-12 weeks in length • Hands-on experience with Finance team • Exposure to Strategic initiatives Basic Fundamentals • Mentoring & networking • FMP/Manager outings, job shadowing • Continuous feedback • Midterm & Final appraisals during internship • Opportunity to interview for FMP at end of internship Learn & Grow • Exposure to senior leaders • Roundtable discussions • Corporate Citizenship • Intern community service project • Affinity Groups • - African American Forum, Asian Pacific Forum,Hispanic Forum, Women’s Network Network Network • Paid internships with housing allowance • Challenging roles with great support network

  9. Summer Intern examples - UMass: • Kristin Kanter (SOM/’07) • Commercial Finance (Capital Solutions); Danbury, CT • Financial Planning & Analysis • Operations: Worked on a COE Startup: completed a buy vs. lease analysis and cost/benefit analysis • Finance: Managed a liquidation portfolio of bad assets • Marketing: Created a Sales Incentive Compensation model for the Capital Solutions Inside Sales COE • Other rotations: Controllership (Scottsdale, AZ), FP&A (Danbury, CT), Pricing (Danbury, CT) • Nate Bousquet (SOM/’08) • Consumer & Industrial (Appliances); Louisville, KY- summer 2006 • Product Finance-Financial Analyst • Developed product line profitability model for $420MM Monogram brand • GE Capital (GECAS Transportation Finance); Stamford, CT- summer 2007 • Transportation Financial Services FP&A Analyst • Developed T&L reporting tool and automated ELTO model for CFO Key members of business team

  10. We’re looking for … Academic excellence with financial or quantitative interest/competency Demonstrated leadership ability and initiative Strong communication, interpersonal, & influencing skills Relevant work experience, analytical, & IT skills Flexible, adaptable, and geographically mobile “We’re not looking for people who want a job … We’re looking for leaders who want a career.”— Peter Mondani, Manager Financial Leadership Development and HR

  11. Selection process 2-step process for GE and the candidate Step 1: campus screening Resume pre-screen Campus interviews Myinvolvement “ends” TONIGHT at midnight eRecruitingDeadline: Feb 4th At Isenbergon Mon. Feb 9th Step 2: business interview Student acceptance Business offer Business makes contact Business Phone interview April Late March/ Early April March Business“takes over” If you’re interested & haven’tapplied, please do so ASAP

  12. To wrap up – GE • GE is a huge but small company • Impressive financial results … long term stability • Great place to start your career • 2 years of on the job / class room training • Establish peer network … meet new friends • Experience different environments • Learn how to be successful in “real world” Internship is great opportunity

  13. To wrap up – Personal How did UMass prepare me for real job? • UMass provides great starting point • Fosters independence … creates “self starters” • Builds confidence to succeed in GE culture What company / program is right for me? • Do your research: talk to alumni, friends, co-op fairs, events, etc. • Fit: who does your personality suit? Mine/others? Formal/informal? • Nuances: big/small company? Locations? (GE = flexibility) • Accounting majors: Do I really want the Big 4/CPA path? • Career path: clear road for diverse opportunities/advancement? Question: • Would I be able to stay with 1 company for 13 years, travel the world,meet lots of interesting people, been expertly trained, consistentlychallenged & still have great opportunities ahead? …Is this what you want?

  14. Key dates & other things to note • Wed, Feb 4 Deadline for Applying thru eRecruiting • Mon, Feb 9 On Campus Interviews at SOM • Internships Start ~June, end ~Mid August • Locations: Various US (try to accommodate needs) • Paid: Don’t expect you to do this for free • Housing: Supplied/paid for • Goal: Identify great candidates for full time FMPprogram after head start with Summer Internship • Fall ’09 Back ~Oct for Full Time FMP Effort

  15. gecareers.com/campusinterview

  16. Energy Water & ProcessTechnologies Oil & Gas • HQ: Atlanta, GA • Employees: 43,800 • ‘08 revenue: $29.3B • Wind, gas turbines,solar, nuclear power • HQ: Trevose, PA • Employees: 8,100 • ‘08 revenue: $2.5B • Water desalination, • treatment, processing • HQ: Florence, Italy • Employees: 13,600 • ‘08 revenue: $7.4B • Sub-sea drilling,compression technology GE Energy Infrastructure Employees: 65,500 • ‘08 revenue: $38.6B • 15-year growth ~15% Full suite of energy technologies

  17. GE Technology Infrastructure Employees: 117,000 • ‘08 revenue: $46.3B • 15-year growth 10+% Aviation Enterprise Solutions Healthcare Transportation • HQ: Cincinnati, OH • Employees: 38,900 • ‘08 revenue: $19.2B • Aircraft engines,services & avionics • HQ: Albany, NY • Employees: 16,100 • ‘08 revenue: $4.7B • Controls/sensors,security products • HQ: United Kingdom • Employees: 50,100 • ‘08 revenue: $17.4B • Full range of industryequipment & services • HQ: Erie, PA • Employees: 11,400 • ‘08 revenue: $5.0B • Locomotives andrelated services Leading global platforms

  18. Film Cable Broadcast ~26% revenues ~42% revenues ~29% revenues ~3% revenues NBC Universal Employees: 14,200 • ‘08 revenue: $17.0B • 15-year growth 15+% Parks Leading media enterprise

  19. GE Capital Finance Employees: 73,400 • ‘08 revenue: $67.0B • 15-year growth 10+% Commercial Lending & Leasing Energy Financial Services GECAS GE Money Real Estate Middle market lending & leasing Financing for energy & water industries Commercial aircraft leasing & financing Consumer & retail financing Debt & equity financing for commercial real estate ’08 revenue $26.7B ’08 revenue $3.7B ’08 revenue $4.9B ’08 revenue $25.0B ’08 revenue $6.6B Deep domain expertise & strong risk management

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