1 GE Corporate 11/11/10 GE Corporate GE Capital Sukuk Issue IVe Forum Français de la Finance Islamique Centre de conférences Pierre Mendés Ministère de.

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Presentation transcript:

1 GE Corporate 11/11/10 GE Corporate GE Capital Sukuk Issue IVe Forum Français de la Finance Islamique Centre de conférences Pierre Mendés Ministère de l’Economie, de l’Industrie et de l’Emploi Paris 28 October, 2010

2 GE Corporate 11/11/10 GE Today GE is a high-tech infrastructure and financial services company that is taking on the world’s toughest challenges. We are positioned for the future… with a simpler, more valuable portfolio of integrated leadership businesses… the ability to generate and deploy significant cash… enduring growth initiatives… and unified competitive advantage We are the world’s best infrastructure company with leadership positions in Energy, Oil & Gas, Healthcare, Aviation, Transportation, Water and Consumer Products

3 GE Corporate 11/11/10 GE Energy Infrastructure $37B / 24% GE Capital $51B / 32% GE: Positioned for the Future 2009 Revenues / % of total revenues 2009 revenue $157 billion and profit $11.2 billion 300,000 employees across 100 countries GE Technology Infrastructure $42B / 27% GE Home & Business Solutions $10B / 6% GE Capital Technology Infrastructure Home & Business Solutions Energy Infrastructure

4 GE Corporate 11/11/10 Sales ($B) $ $ $10. 0 Building platforms Partnerships Localization Solutions Etihad $5B UAE Al Dur $500M Bahrain Locos Nigeria & Sth Africa Water & PT COE UAE Emirates Facility UAE Eco Center UAE Power Tech. Center Saudi $2.5B order UAE Mubadala UAE Breast cancer R&D Qatar AD Learning Center UAE CEO program Crotonville C2C Nigeria 18 GT & S.A. Nigeria Asian games Qatar $3B power Iraq O&G workshop Angola QATRC Qatar GESA – NEPAD Sth Africa QATAR Partnership

5 GE Corporate 11/11/10 GE Capital Sukuk Nov 19 th, 2009: GE becomes first US Corporate to issue an Islamic bond Key Highlights GECC’s debut international Sukuk offering represents a number of firsts in the Islamic Finance Market –1st Sukuk issued by a US corporate –1st Sukuk based on underlying aircraft leases –1st Int’l Corporate to list on Nasdaq Dubai & Malaysia Bourse Significant diversification in investor base w/o cannibalizing appetite from traditional investors –62% from Middle East … 25% from UAE –48% from Islamic Institutions … first time GE investors Listed on Nasdaq Dubai during Dubai debt crisis to reiterate GE’s commitment and support to the region Multiple global awards won; seen as best in class by both the Islamic & Conventional debt world –“Sukuk Deal of the Year”- Islamic Finance News Awards –“Best Sukuk Deal” – Euromoney Islamic Finance Awards New relationship developed w/ Brunei SWF; purchased 20% of total issuance

6 GE Corporate 11/11/10 GE Capital Sukuk Nov 19 th, 2009: GE becomes first US Corporate to issue an Islamic bond Key Terms Issue Date: Tenor: Issue Size: Coupon: Spread vs. UST: Asset Collateral: Listing: November 19 th, years US$500MM 3.875% UST + 175bps 15 existing GE aviation leases London Stock Exchange Malaysia Bursa Nasdaq Dubai Investor Distribution ME 62% Asia 27% Eur 11% By Geography By Type Islamic Institution 48% Funds 10% Private Banks 5% Central Banks 6% Banks 31%

7 GE Corporate 11/11/10 Build Relationships We are cooperating to create a carbon-neutral future with Masdar City. Zero waste Carbon neutral Car-free Renewable energy Research centerUniversity

8 GE Corporate 11/11/10 8