GE Commercial Aviation Services 2 Aviation Financial Services 5% 27% 1H’06 1H’07 Assets Segment Profit $0.5 $0.7 $40.7 $42.7 A proven growth business Business imperatives ($ in billions) • Veteran team with significant domain expertise • Strong customer relationships • Widest variety of products in industry • High growth, diversified portfolio • Discipline, data-driven risk methodology • Global footprint leading growth in emerging markets • Broadening products … Airports, Cargo Facilities, The Memphis Group
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GECommercial Aviation Services
2
Aviation Financial Services
5%
27%
1H’06 1H’07
Assets
SegmentProfit
$0.5
$0.7
$40.7
$42.7
A proven growth business
Business imperatives
($ in billions)
• Veteran team with significant domain expertise
• Strong customer relationships
• Widest variety of products in industry
• High growth, diversified portfolio
• Discipline, data-driven risk methodology
• Global footprint leading growth in emerging markets
• Broadening products … Airports, Cargo Facilities, The Memphis Group
3
• Low cost airline continuing to expand
• Network carriers contemplating re-fleeting
• Limited supply will constrain short-term re-fleeting
• Manufacturers largely sold out to 2010+
• Lessor availability is limited through 2009+
• GECAS realizing significant benefits from right global products supply
Aircraft market remains strong
Skyline placements
% new order units placed
100% 100%
‘07 ‘08 ‘09
Emerging markets robust
Developed markets solid
Aircraft supply tight
98%
Significant growth in long haul passenger & cargo segments
• Placed leases on 21 X 777 (13x pax/8x cargo)
4
RJ
17%
Cargo
8%
Wide Body
20% Narrow
Body
55%
Portfolio is in great shape
• Excellent fleet composition with broad operating base
• Fleet remains young … ~6 years of age
• 82% of narrowbody fleet in attractive A320 / 737NG aircraft
• Widebody fleet is high demand
Note: 1,453 owned
aircraft as of June ‘07
5
Emerging markets vibrant
0 2.5 5 7.5
2004
EST 2010
($in billions Assets)
Brazil
Russia/C.E.E.
India
China
• Developing markets solid short & long haul growth
– India / Brazil short term infrastructure challenges
• GECAS increasing emerging market efforts
– 4X number of people, +5 new locations since 2004
• Growing to ~$14B+ by 2010
– Up over 3.5x since 2004
• Developing markets solid short & long haul growth
– India / Brazil short term infrastructure challenges
• GECAS increasing emerging market efforts
– 4X number of people, +5 new locations since 2004
• Growing to ~$14B+ by 2010
– Up over 3.5x since 2004
6
• Global Infrastructure Partners (GIP)
– Acquisitions/investments in existing airports/operators e.g. London City
• Lynxs Cargo Group (“Cargo In a Box”)
– Develop, manage & acquire air cargo facilities
– #4 player in US … 9 facilities
– Closed PPP deal with LFV Sweden to develop 20 terminals
• Avia Solutions (“Airport in a Box”)
– Team of seasoned professionals
– Develop/acquire & improve regional/LCC terminals
– Modular, eco-friendly designs
Expanding to airport infrastructure
• GECAS aviation expertise
• GECAS relationships
• Target $1B investment by 2010
Building on GECAS global footprint, reputation, domain expertise, and financial skills
GEInfrastructure
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