GE 2015 Annual Report Download - page 39

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Revenues Profits Revenues Profits Revenues Profits
OIL & GAS
MISSION: Pushing the boundaries of
technology in oil & gas to bring energy to
the world
Major products: surface & subsea drilling
& production systems, floating production
platform equipment, mechanical drives &
compressors, high-pressure reactors,
artificial lift solutions, sensing & inspection
solutions
Digital solutions: Subsea Systems
Optimization, Intelligent Pipeline Solution,
Reliability Max, Field Vantage™
Margins: 14.8% 30bps Backlog: $22.9B 9%
Other 2015 results
Services, technology
& first-mover in
growth markets
Advanced
manufacturing,
combustion science
& services installed
base
MISSION: Leading globally in power
generation & water technologies
Major products: power generation services,
gas turbines, engines & generators, steam
turbines & generators, nuclear reactors,
water systems
Digital solutions: PowerOn Advantage™,
Operations Optimization, Asset
Performance Management
Margins: 20.9% 90bps Ex. Alstom 22.3% 50bps
Backlog: $77.1B 32% Ex. Alstom $61.6B 5%
# gas turbines shipped: 107 1
Other 2015 results
POWER
+ Positive: Continued growth in natural gas
supplemented by Alstom acquisition
– Negative: Excess capacity in developed
markets and continued pressure on oil &
gas applications
Outlook: Improving global competitive position
despite intense competition & positioning the
business for growth with Alstom
+ Positive: Demand for technical & value-
focused solutions
– Negative: Continued pressure from oil
prices, excess capacity & lower customer
capital expenditures
Outlook: Improving competitive position in a
tough environment through cost reductions,
value-focused solutions & strategic
investments
RENEWABLE ENERGY
MISSION: Making renewable power
sources affordable, accessible & reliable for
the benefit of people everywhere
Major products: onshore & offshore wind
turbines, hydropower plants, solar power
plants, geothermal power plants, biomass
power plants
Digital solutions: Wind PowerUp™,
Wind Farm Wake Management,
Water & Process Insight
Margins: 6.9% 390bps Ex. Alstom 8.1% 270bps
Backlog: $12.4B 123% Ex. Alstom $7.1B 27%
# wind turbines shipped: 2,869 10
Other 2015 results
Sustainable power
systems & storage
B
L
B
B
L
+ Positive: Fastest growing energy market &
continued push towards carbon-free energy
– Negative: Challenging new product
transitions in onshore wind
Outlook: Positioning the business to deliver
high returns
i
nvestment
s
2015 Ex.
Revenues = $20.6B 0%
Profits = $4.6B 2%
2015 Ex.
Revenues = $6.2B 3%
Profits = $0.5B 28%
CONTRIBUTION
TO GE STORE
CONTRIBUTION
TO GE STORE
CONTRIBUTION
TO GE STORE
$4.8B
$0.5B
2014 2015 2013 2014 20152013
2%
$6.3B
33%
$6.4B
38%
$0.4B
43%
$0.7B
$19.3B
2013 2014 2015 2013 2014 2015
7%
$20.6B
$4.3B
4%
$4.5B
4%
$21.5B
0%
$4.5B
2013 2014 2015 2013 2014 2015
$17.3B
10%
$19.1B
$2.4B
17%
$2.8B
14%
$16.5B
12%
$2.4B
GE 2015 FORM 10-K 11