Industrial Systems. GE Multilin Protection, Control & Communications Solutions

Transcription

1 GE Multilin Protection, Control & Communications Solutions

2 Who is GE? GE is a diversified services, technology and manufacturing company with a commitment to achieving customer success and worldwide leadership in each of its businesses. GE operates in more than 100 countries and employs 313,000 people worldwide. Jeffrey R. Immelt is Chairman and Chief Executive Officer as of September 7, The Company traces its beginnings to Thomas A. Edison, who established Edison Electric Light Company in In 1892, a merger of Edison General Electric Company and Thomson-Houston Electric Company created General Electric Company. GE is the only company listed in the Dow Jones Industrial Index today that was also included in the original index in

3 GE Strengths In A Tough Economy We Are Delivering: Solid Earnings Growth Strong Cash Flow Expanding Margins Maintaining AAA Extending Our Franchise Strong Dividend Yield GE s Business Model Works 3

4 Third Quarter 2002 Overview Delivered Third Quarter Earnings of $. 41 EPS: Portfolio Is Delivering Operating Profit Growth 4 Segments Up Strong Double- Digit Short Cycle Revenue Up +16% Good Run Rate for 4Q Improved Position for Long Term Growth in Commercial & Consumer Finance Segments Revenue +11% Total; Industrial Sales +6% Strong Performance on Fundamentals: Cash Flow from Operating Activities +16% YTD Ex. Progress Service Growth +10% Operating Results OM Rate Up 0.5 Pts. YTD, ROTC 27.5% BD Pipeline Full Long- Term Debt Funding Plan on Track Technology Continues to Launch New Products & Platforms Strong Performance in a Really Tough Environment 4

5 Growth Four key areas to drive GE's business growth Globalization is not only striving to grow revenues by selling goods and services in global markets. It also means globalizing every activity of the company, including the sourcing of raw materials, components, and products. Services has grown from traditional activities of parts replacement, overhauling and reconditioning machines to a larger and broader vision including investing in our business and technology to improve the performance on our installed base. Digitization represents a revolution that may be the greatest opportunity for growth that our company has ever seen. Six Sigma is the disciplined methodology of defining, measuring, analyzing, improving and controlling the quality in every one of the company's products, processes and transactions. With the ultimate goal of virtually eliminating all defects, Six Sigma has changed the DNA of GE. 5

6 Innovation GE is Innovation From jet engines to power generation, financial services to plastics, and television to medical imaging, GE people are dedicated to turning good ideas into technologies that make the world a better place. Backed by its Corporate Research & Development Center, with more than 100 years of innovative breakthroughs, GE will increase the number of new products introduced in 2002 by 25%. "I never perfected an invention that I did not think about in terms of the service it might give others Thomas Alva Edison, GE Founder GE holds more patents in the 21st century than any other company in the world! 6

7 Milestones In our past year of business: Earnings grew 11% to $14.1 billion a record. Earnings per share also increased 11% while average earnings for the S&P 500 declined by more than 20%. We increased our dividend 13% in December, our 26th consecutive annual increase and 10th consecutive double digit increase. Overall, $9.5 billion was returned to our share owners. The Company responded immediately to the September 11 tragedy. The GE family gave $25 million of aid in cash and services. The GE Fund contributed $10 million to the Twin Towers Fund, and 20,000 GE employees gave $2.5 million to the Red Cross, which was matched by the GE Fund. 7

8 GE s Commitment GE's commitment to serve the communities where we do business, to provide our customers with innovative, high-quality products and services and to protect the health of our workers and our environment are at the heart of GE values. Integrity Our worldwide reputation for honest and reliable business conduct, is tested and proved in each business transaction we make. Social Performance Demonstrating corporate responsibility for more than 100 years, our commitment to social performance is lived and improved on everyday. Environment, Health and Safety We are committed to keeping workers safe on the job, and ensuring that we are good neighbors to the communities where we do business by complying with environmental laws and regulations. Quality GE's success with Six Sigma has exceeded our most optimistic predictions. Across the Company, GE associates embrace Six Sigma's customer-focused, datadriven philosophy and apply it to everything we do. InnovationThe Company's limitless future is seen in an array of innovative, technically advanced products and services developed to meet Six Sigma standards of invariable quality and performance. 8

9 Honors Global Most Admired Company - Fortune (1999, 2000, 2001, 2002) World's Most Respected Company - Financial Times (1998, 1999, 2000, 2001) America's Most Admired Company - Fortune (1999, 2000, 2001, 2002) America's Greatest Wealth Creator - Fortune (1998, 1999, 2000) 10 Best Board of Directors -- Business Week (2002) First - Forbes Super 100 (1998, 1999, 2000) First - Business Week 1000 (1999) First - Business Week's 25 Best Boards of Directors (2000) Sixth - Fortune 500. If ranked independently, 13 GE businesses would appear on the Fortune

10 The Businesses of GE GE Aircraft Engines GE Commercial Finance GE Consumer Finance NBC GE Medical Systems GE Consumer Products GE Plastics GE Equipment Management GE Industrial Systems GE Insurance GE Power Systems GE Specialty Materials GE Transportation Systems 10

11 GE IS at a Glance Markets Served A major GE business unit $5 Billion In Revenue 38,000 Employees 100+ Global Manufacturing Locations 300+ Worldwide Sales Offices web: Top 5 Customers Home Depot GE Supply Intel Con Edison Calpine Top 5 Competitors Siemens ABB Cutler Hammer Rockwell Schneider Integrated electrical equipment, systems, & services source 11

12 We control generation, transmission and distribution for the world s utilities Utility Industrial Facility / Automation Commercial Residential Utility Products Revenue meters Power transformers Turbine controls Capacitors MV switchgear kv2 meter Mark VI Turbine Controls Medium Voltage Switchgear Arrestors Substation automation Utility System Services Power Transformers Moving electricity from generating station to plants, stores, & homes

13 We move and control electricity in the world s industrial plants Utility Industrial Facility / Automation Commercial Residential Industrial Facility Products Industrial motors Power circuit breakers Protective relays Switchboards Industrial Motor Circuit Breakers Universal Relay Switchgear Transformers Power management Power Management System AKD-10 Switchgear Power Generator Control Equipment Transforming, protecting, and converting power throughout facilities

14 We control motors, machines and systems to automate industry Utility Industrial Facility / Automation Commercial Residential Automation Products General purpose controls PLCs / CNCs Relays, contactors AC/DC system drives General Purpose drives VersaMax PLC Innovation Drives MV General Purpose Drives Cimplicity systems Process control solutions Sensors Industrial IT networking Process Lines CIMPLICITY Driving motors, sensing, and controlling processes

15 We move, protect, and control power in commercial offices, hotels, stores... Utility Industrial Facility / Automation Commercial Residential Commercial Products HVAC motors Transformers Panelboards Motor control centers Sump Pump Motor A-Series Panelboard Switchboards Motor Control Center Busway Building systems Circuit breakers Safety switches Control components Package drives Advanced Power Advanced Power System Busway Building Management Systems (APS) Distributing power in facilities, maximizing efficiency and reliability

16 We move and apply electricity throughout the home Utility Industrial Facility / Automation Commercial Residential Residential Products Appliance motors Control components Circuit breakers Load centers Ground fault protection Arc fault protection Disconnect switches Smart home automation HVAC motor Cold controls Load centers Arc Fault Breaker Protecting consumers in their homes and powering their appliances

17 Canada 1300 Employees 3 Mfg. Facilities United States Employees 35 Mfg. Facilities Mexico 9600 Employees 16 Mfg. Facilities Puerto Rico 3600 Employees 12 Mfg. Facilities Global Presence Europe 5200 Employees 29 Mfg. Facilities Asia 2200 Employees 12 Mfg. Facilities Africa 90 Employees 1 Mfg. Facility South America 1500 Employees 2 Mfg. Facilities Global operations growth driven by acquisitions and joint ventures es

18 North America Interlogix Sensing Solutions Zenith Controls Instrument Transformer ACT Communications Multilin EDG Total Control Products ACT Lentronics VMIC Spirent Cimworks Dataview Whedco Latin America GEVISA (Brazil) Prolec JV (Mexico) IUSA Europe AEG (Germany) GEC Alsthom (UK) Procund (Italy) ELPRO (Germany) Spirent (UK) Oderink Kederink (Neth.) IMV (Switzerland) Grasslin Global Acquisitions Asia GEC Alsthom (India) GE India Motors Shanghai Guangdian JV Holmes (China) Clypsal (China) Toshiba Robust business development is integral to growth and globalization ion

19 Toronto, Canada 200 Design/manufacture industrial relays Bilbao, Spain 75 Design/manufacture relays - Europe GE Multilin INDUSTRIAL Industrial 43% 53% UTILITY Utility 57% 47% Burnaby, Canada 45 Design/manufacture telecommunication systems Industrial / Utility International EXPORT 30% 44% Anasco, Puerto Rico 260 Manufacture utility relays NORTH North AMERICA America 56% 70% N.A. / International 4 Sites plus Global Sales Offices 19

20 Product Scope JungleMUX/TN-1U Multiplexer Solutions 20

21 Our Customers The following companies, which we are proud to serve, are a small sample of our main customers: 21