GE Transportation Solving the world’s toughest transportation challenges

1. GE TransportationSolving the world’s toughest transportation challenges September 2011

2. Overview • GE perspective • Five keys to rail progress • Discussion

3. GE’s Portfolio GE Energy $37.5B Healthcare $16.9B GE Capital $47.0B Energy Services Aviation $17.6B Home & Business $25.5B Solutions, Media Oil & Gas Transportation $3.4B Power & Water ~$150B Revenue (2010) $12.6B earnings $14.7B cash flow

4. GE Transportation • Industries: Rail, Signaling, Mining, Marine, Oil Drilling, Stationary Power, Wind, Energy Storage • Revenue: $3.4 billion (2010) • Global HQ: Erie, Penn. • Established more than 100 years ago • Global workforce: ~11,000 • Global supplier network: ~1,600 companies

5. Core product … eco locomotive • $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 • Enough power to haul 170 “747” Jumbo Jet airliners • Introduced in 2005 … 4,100 locos in use worldwide

6. Global means to be local everywhere Canada UK PowerHaul Modernization Kazakhstan/CIS United States Turkey Egypt China Mexico Indonesia Brazil Australia S. Africa ~17,000 locomotives in more than 50 countries ~4,500 Evolution Series locomotives sold since launch in 2005

7. Much more than locomotives… Locomotive, Modernizations, Parts & Service Global transportation systems provider with applications for rail, mining, marine, offshore drilling, power generation, energy storage & wind industries Off-Highway Vehicles Mining Intelligent Control Systems Energy Storage Marine Propulsion Systems Drivetrain Technologies Wind Drill Systems Oil & Gas

8. 5. 2. Dispatch Center GPS Satellites 4. Communication Network 3. Wayside Unit Wayside Unit 1. Wayside Communication Network Michigan ITCS

9. Investing in our future • Major 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

10. Keys to Rail Success • 1. Freight Rail is the Core

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

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

14. Keys to Rail Success • Freight Rail is the Core • Push New Technology and Innovation

15. Thomas Edison patent: “Locomotive for ElectricRailways,” 1891 WattStation™ EV Charging Station: building on a century of innovation in designing and manufacturing electrical distribution systems

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 … -20C to 70C • Applications: Telecommunications, Utilities, Uninterrupted Power Supply … foundation for electric vehicle apps in rail, marine and mining Advanced manufacturing facility in Schenectady, NY

17. Keys to Rail Success • Freight Rail is the Core • Push New Technology and Innovation • Enhance Infrastructure Investment

20. Keys to Rail Success • Freight Rail is the Core • Push New Technology and Innovation • Enhance Infrastructure Investment • Balance Our Approach

21. Investment Must Be Balanced

22. Keys to Rail Success • Freight Rail is the Core • Push New Technology and Innovation • Enhance Infrastructure Investment • Balance Our Approach • Drive Common Goals

25. Thank You