GE 2015 Annual Report Download - page 41

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CONTRIBUTION
TO GE STORE
MISSION: Leading a global lighting
revolution to deliver innovative solutions
that change the way people light & think
about their world
Major products: major home appliances
& lighting products/services, including
industrial-scale lighting solutions
Digital solutions: Intelligent Cities,
Intelligent Enterprises
Margins: 7.7% 260bps
Other 2015 results Other 2015 results
APPLIANCES & LIGHTING
LED is gateway
to energy efficiency
Financing for
infrastructure
investments
MISSION: Being a global technology
leader & supplier to the railroad, mining,
marine, stationary power & drilling
industries
Major products: locomotives, diesel
engines, drilling motors, mining equipment
& propulsion systems, motorized drive
systems, software & analytics solutions to
optimize rail & mining operations
Digital solutions: Trip Optimizer™, Locotrol™
Distributed Power, GoLINC™, Railconnect™,
ShipperConnect™, Movement Planner™, Yard
Planner, Smart Intermodal and Automotive
Terminal, Customer Performance Analytics
Margins: 21.5% 150bps Backlog: $22.4B 6%
# locomotives shipped: 985 189
# Tier 4 locomotives shipped: 756
Other 2015 results
+ Positive: Digital & global expansion
opportunities
– Negative: Decreased North America locomo-
tive usage & global commodity price pressure
Outlook: Navigating a highly dynamic indus-
try environment by launching new products
& transforming business to align to a more
global/digital future
+ Positive: LED market momentum & robust
appliances market
– Negative: Continued decline in traditional
lighting
Outlook: Continuing to grow LED while
investing in Current, powered by GE; expect
to close Appliances deal by mid-20161
+ Positive: Market receptivity to GE Capital
dispositions & strong commercial air traffic
– Negative: Continued pressure from oil &
gas prices
Outlook: Stable Verticals earnings profile
& focus on enhancing the GE Store through
launch of Industrial Finance
CAPITAL
A
A
AP
PI
I
I
TA
TA
Engine technology
& growth market
localization
Ma
j
or
p
ro
d
ucts:
maj
maj
or
or
hom
hom
ea
e a
ppl
ppl
ian
ian
ces
ces
&
lighting products/services, including
id il l lihi l i
RECENT DEVELOPMENTS
• Announced Appliances sale. See 2015 Portfolio
Changes on page 141
• Launched Current, powered by GE. A new energy
efficiency platform combining LEDs, solar, storage,
onsite power & electrical vehicle charging stations
1. Subject to customary closing conditions.
2. Non-GAAP Financial Measure. See Financial Measures That Supplement U.S. Generally Accepted
Accounting Principles (Non-GAAP Financial Measures) on page 95.
3. Including assets of discontinued operations.
ENI (ex. liquidity)2, 3: $167B 54%
Exit plan sales closed (ENI): $104B
Tier 1 Common Ratio (Basel 3) (estimated)2:
14.5% 150bps
Verticals Earnings
g
lobal
/
di
g
ital future
MISSION: Investing financial, human &
intellectual capital to help our industrial
businesses and their customers build
their businesses
Major products: GE industry-focused
financial services verticals, including
GE Capital Aviation Services, Energy
Financial Services and Industrial Finance
(including Healthcare Equipment Finance)
TRANSPORTATION
A
A
AN
N
N
AT
TI
O
O
CONTRIBUTION
TO GE STORE
CONTRIBUTION
TO GE STORE
Revenues Profits Revenues Profits Revenues Profits
$5.9B
5%
$5.9B
$1.2B 3%
$1.1B
13%
$1.3B
2013 2014 2015 2013 2014 2015
4%
$5.7B $8.3B
1%
$8.4B
4%
$8.8B
$0.4B
13%
$0.4B
56%
$0.7B
2013 2014 2015 2013 2014 2015
4%
$1.7B
0%
$11.3B
$11.3B 5%
$10.8B
14%
$1.6B
2013 2014 2015
$1.4B
201%
$1.2B $(8.0)B
$0.4B
2013 2014 2015
2013 2014 2015
GE 2015 FORM 10-K 13