GE Capital. Liquidity and Funding Overview. Global issuer of long and short term debt third quarter

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1 Liquidity and Funding Overview Global issuer of long and short term debt This document contains forward-looking statements - that is, statements related to future, not past, events. In this context, forward-looking statements often address our expected future business and financial performance, and often contain words such as expect, anticipate, intend, plan, believe, seek, or will. Forward-looking statements by their nature address matters that are, to different degrees, uncertain. For us, particular uncertainties that could adversely or positively affect our future results include: the behavior of financial markets, including fluctuations in interest and exchange rates and commodity and equity prices; the commercial and consumer credit environment; the impact of regulation and regulatory and legal actions; strategic actions, including acquisitions and dispositions; future integration of acquired businesses; future financial performance of major industries which we serve, including, without limitation, the air and rail transportation, energy generation, media, real estate and healthcare industries; and numerous other matters of national, regional and global scale, including those of a political, economic, business and competitive nature. These uncertainties may cause our actual future results to be materially different than those expressed in our forward-looking statements. We do not undertake to update our forward-looking statements."

2 structure Support GE support to ensure GECC 1.1x fixed-charge coverage ratio (strengthened Income Maintenance Agreement in 2009) History of capital infusion or dividend reductions when necessary General Electric Company AA+/Aa3 100% Commitment to local markets GECC unconditional guarantee Highly rated parent Proceeds used primarily to fund local assets Access to deeper investor base General Electric Capital Corporation Primary GE Issuer/Guarantor AA+/A1 100% Owns all of GE s financing assets GE Japan Funding KK UK Funding European Funding New Zealand Funding Australia Funding Canada Funding Mexico Funding 2

3 GE credit ratings Moody s Rating Short Term Long Term Short Term S&P Rating Long Term General Electric Company P-1 Aa3 A-1+ AA+ General Electric Capital Corporation P-1 A1 A-1+ AA+ Australia Funding* P-1 A1 A-1+ AA+ Canada Funding* P-1 A1 A-1+ AA+ European Funding* P-1 A1 A-1+ AA+ GE Japan Funding KK* P-1 A1 A-1+ AA+ Mexico Funding* P-1 A1 A-1+ AA+ UK Funding* P-1 A1 A-1+ AA+ * Guaranteed by General Electric Capital Corporation 3

4 GECC leverage ratio a) ($ in billions) 3Q 13 2Q 13 3Q 12 As reported Debt $376.1 $375.6 $420.5 Equity b) Leverage ratio Debt Less: hybrid debt (7.7) (7.7) (7.7) Less: cash & equiv. (76.4) (69.6) (77.9) Adjusted debt Equity b) Add: hybrid debt Adjusted equity Adjusted leverage ratio (a- Includes discontinued operations for all periods (b- Total equity ex. non-controlling interests 4

5 funding ($ in billions) Debt composition a) Non-recourse Securitization LT debt - TLGP LT debt nonguaranteed Deposits/CDs Alternative funding/other Comm l paper $420 $397 $376 -b) Bank lines $48 $48 $48 CP coverage 100%+ 100%+ 100%+ Cash & equiv. $78 $62 $76 LT debt <1yr. $61 $44 $38 (a- Continuing operations (b- Includes ~$(2.8)B YTD FX impact and ~$(4.9)B YTD FAS 133 Funding strategy Centralized Treasury operation No speculative trading not a profit center Matched funding policy Diversification of funding Rigorous liquidity management Cash $76B at 100%+ coverage of next 12 months LT debt maturities Bank lines $48B at 100%+ coverage of commercial paper Strong implicit and explicit GE parent support Income Maintenance Agreement 5

6 Driving funding diversification ($ in billions) Growing Alternative Funding U.S. Deposits Alt. funding CP $25 Other alt. funding $501 $376 8% $40B $30 Securitization $105B 20% 28% 10% $50 Deposits/CDs LTD 10 yrs. 63% 48% LTD >10 yrs. 9% 14% Continue to diversify funding Maintain match funding program to minimize risk Sustain Brokered CD program in U.S. issue CDs to match assets Closed Met Life acquisition in 1Q 13 $6.4B retail deposits Established online platform Growing U.S. deposits 6

7 Commercial paper Int l U.S. $101 Global Outstanding ($B) $72 17% 83% GECC U.S. Market share down from 5.1% in 07 to ~2.8% at 3Q 13 $33 $33 $20-30 Highlights Credit ratings A-1+/P-1 Issue in four currency markets Direct placement to end investors by experienced teams in U.S., Europe Committed undrawn credit lines $48B from ~50 institutions globally Q' Target Future Significantly reduced footprint lowest CP balance in 21 years 7

8 Unsecured long term debt dynamics GECC unsecured issuances and maturities ($B) Called 2013 YTD total year issuance - $32B Through 9/30/ Share of USD issuance 4.6% 2.8% 1.8% 1.8% 1.6% 1.5% ~8 35 a) Issuance in 10 currencies ~8 year WAM Smaller market footprint ~2% of USD investment grade index Support from diverse investor base Committed to current rating (AA+/A1) ~$(140)B of net negative supply in (a- senior unsecured long term debt; Maturities excludes callable LT debt non-guaranteed, LT debt from alternative funding/ other sources 8

9 5yr bond spread vs. peers FinCo Index Bank Index C JPM GECC WFC Aa Corp Source: Barclays Capital Investors rewarding 9

10 Summary ($ in billions) Net income a) $7.4 + $6.6 Key messages Smaller and safer franchise expect to grow earnings in 2013 on a smaller balance-sheet E ENI ($B) -b) Our businesses are strong and well positioned competitively Capital levels are in excess of expected targets We have strong liquidity and funding continuing to diversify funding sources Regulatory policies continue to evolve Designated nonbank SIFI Strong and valuable franchise 10 a) - Earnings from continuing operations attributable to GECC b) - Ending net investment ex. cash and equivalents

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