DAVE PRYSTASH. Chief Financial Officer Global Product Development, Purchasing & Supply Chain CITI INDUSTRIALS CONFERENCE.

Similar documents
MARY BARRA Chairman and CEO

Record CY 2016 EPS-diluted-adjusted of $6.12, an increase of $1.10 Y-O-Y. Q EPS-diluted-adjusted of $1.28, a decrease of $0.11 Y-O-Y.

CHUCK STEVENS. CFO, GM North America

Chevrolet December U.S. retail sales up 8 percent December Commercial sales up to highest level since 2007

Bernstein Strategic Decisions Conference 2018

Valvoline Fourth-Quarter Fiscal 2016 Earnings Conference Call. November 9, 2016

BERNSTEIN STRATEGIC DECISIONS CONFERENCE 2018

Monro, Inc. Second Quarter Fiscal 2019 Earnings Call. October 25, 2018

Deutsche Bank Auto Industry Conference. January 17, 2018

Investor Presentation. January 2019

Investor Presentation. November 2018

Respect for customers, partners and staff. Service: another name for the respect that a company owes its customers, partners and staff.

Plug Power and Workhorse Provide FedEx Express With First ProGen Fuel Cell-Powered Electric Delivery Van

American Railcar Industries, Inc.

DOING BUSINESS WITH PETROBRAS: PROCUREMENT STRATEGIES

Doing business with Petrobras - Procurement Strategies and Local Content. Policy.

20 th Annual Needham Growth Conference. January 17, 2018

BorgWarner s growing hybrid and electric product portfolio delivers clean, efficient vehicle propulsion

Fiscal Year 2012: Year of record operational performance

2003 fourth quarter and full-year results

Slide 1. ABB September 9, 2015

Establishment of Joint Venture with PSA for EV Traction Motor Business

Statement Dr. Norbert Reithofer Chairman of the Board of Management of BMW AG Conference Call Interim Report to 30 June August 2014, 10:00 a.m.

2010 Interim Results Presentation. August 23, 2010 Hong Kong

MONRO MUFFLER BRAKE, INC. PROVIDES FOURTH QUARTER AND FISCAL 2017 FINANCIAL RESULTS

FISCAL YEAR MARCH 2014 FINANCIAL RESULTS

Mazda Motor Corporation June 17, 2011

FISCAL YEAR MARCH 2018 FIRST HALF FINANCIAL RESULTS

Lazydays Holdings, Inc. Reports Second Quarter 2018 Financial Results

Ulrich Spiesshofer, President and CEO, ABB LTD

CONFERENCE CALL RESULTS Q1 2017

The Future of Automotive and Industrial Lubricants

Presentation to Investors Q results ROYAL DSM HEALTH NUTRITION MATERIALS

Presentation on the acquisition of Torqeedo GmbH: On our way to becoming market leader for innovative drive systems

Annual Press Conference 2011 Results

April Título da apresentação DD.MM.AAAA

INVESTOR PRESENTATION MARCH 13, Page 1

Annual Press Conference

First in Mind First in Choice. Capital Markets Day 2006 Gunnar Brock, President and CEO

EROAD HALF YEAR 2018 ANNOUNCEMENT AND UPDATE 28 November 2017 EROAD achieves record sales in New Zealand and US markets

Opel/Vauxhall Strategic Plan. Michael Lohscheller, CEO Opel Automobile GmbH

H A R A L D W E S T E R C H I E F T E C H N I C A L O F F I C E R

MONRO, INC. ANNOUNCES SECOND QUARTER FISCAL 2018 FINANCIAL RESULTS

Infinite Drive. Copyright 2018, Plug Power Inc. May 23, 2018

FISCAL YEAR ENDING MARCH 2012 FIRST HALF FINANCIAL RESULTS

Investor Presentation. May 16, 2017

FISCAL YEAR MARCH 2015 FIRST HALF FINANCIAL RESULTS. New Mazda Demio

POWERING A GREENER FUTURE

SAFE HARBOUR STATEMENT

Third Quarter 2017 Performance and Business Update. October 26, 2017

The path to electrification. April 11, 2018

Opel/Vauxhall Strategic Plan. Michael Lohscheller, CEO Opel Automobile GmbH

FISCAL YEAR MARCH 2018 FIRST QUARTER FINANCIAL RESULTS

BMW Group Investor Relations.

Valvoline Inc. Reports Preliminary Financial Results for Fourth Quarter of Fiscal 2016

FISCAL YEAR MARCH 2015 THIRD QUARTER FINANCIAL RESULTS. Updated Mazda CX-5 (Japanese specification model)

2010 Annual Results Announcement

Electric Energy Conversion Solutions

July 17, Software and Systems Teach-in

Morgan Stanley Industrials & Autos Conference. September 16, 2014

Corporate Communications. Media Information 2 August Check against delivery - Ladies and Gentlemen,

H1 2018: Strong organic order growth and profitability increase

Cummins Inc. Investor Relations Presentation February 2009

[Overview of the Consolidated Financial Results]

Third Quarter 2018 Performance and Business Update. October 24, 2018

This presentation may contain statements that are forward looking. These statements are based on current expectations and assumptions that are

FUTURE OF POWERTRAIN TECHNOLOGY

ABLC! Advancing Renewable Chemicals! November 10, 2014! Copyright 2014 Renewable Energy Group, Inc.

RNG Production for Vehicle Fuel. April 4, 2018

Fiscal Year 2012: Year of record operational performance

ARCIMOTO CORPORATE OVERVIEW

ABB delivers strong order growth and cash in Q2

Zurich, February 16, 2012, Ulrich Spiesshofer Discrete Automation and Motion Driving profitable growth. ABB Group February 16, 2012 Slide 1

Continued strong performance in key businesses

ZF posts record sales in 2017; announces increased research and development activities

This presentation may contain statements that are forward looking. These statements are based on current expectations and assumptions that are

Forward-Looking Statements

Aegean Marine Petroleum Network Inc.

LITTELFUSE TO ACQUIRE IXYS CORPORATION. Acquisition significantly expands capabilities across high growth power semiconductor markets

FISCAL YEAR MARCH 2015 FIRST QUARTER FINANCIAL RESULTS. Mazda Roadster 25 th Anniversary Model

Q Results Conference Call

PKC Group establishes Joint Venture with JAC. Matti Hyytiäinen, President & CEO

Electrovaya Provides Business Update

Q Results. Bodo Uebber. Member of the Board of Management Finance & Controlling and Daimler Financial Services

WashTec AG Baader Bank Investment Conference Karoline Kalb WashTec AG

Applied Materials is accelerating Solar

Strategy Update. Investor Meeting June 25, Proprietary Gentherm 2018

INNOSPEC Expanding Business Developing Technologies. September 2017

Vendor Performance & Announcement April 2018

thyssenkrupp Equity Story Components Technology May 2018

FISCAL YEAR MARCH 2014 FIRST HALF FINANCIAL RESULTS. New Mazda Axela (Overseas name: New Mazda3)

Sustained growth Q results

Lazydays Holdings, Inc. Reports Third Quarter 2018 Financial Results

Oshkosh Truck Corporation Acquisition of JLG Industries, Inc. Investor Presentation October 16, 2006

Q2 and Half-Year 2013 Results

2013 Autumn Conference

Financial Results for the 3rd Quarter Ended Dec. 31, 2005 < U.S. GAAP-based >

Mazda Motor Corporation FISCAL YEAR MARCH 2016 FIRST HALF FINANCIAL RESULTS (Speech Outline)

THREE MONTHS REPORT, JAN MARCH 2016

Harley-Davidson Announces 3rd Quarter Results, Unveils Long-Term Business Strategy

Transcription:

DAVE PRYSTASH Chief Financial Officer Global Product Development, Purchasing & Supply Chain CITI INDUSTRIALS CONFERENCE June 14, 2017

INFORMATION RELEVANT TO THIS PRESENTATION Cautionary Note on Forward-Looking Statements: This presentation and related comments by management may include forward-looking statements. These statements are based on current expectations about possible future events and thus are inherently uncertain. Our actual results may differ materially from forward-looking statements due to a variety of factors, including: (1) our ability to deliver new products, services and experiences that attract new, and are desired by existing, customers and to effectively compete in autonomous, ride-sharing and transportation as a service; (2) sales of full-size pick-up trucks and SUVs, which may be affected by increases in the price of oil; (3) the volatility of global sales and operations; (4) aggressive competition, including the impact of new market entrants; (5) changes in, or the introduction of novel interpretations of, laws, regulations or policies particularly those relating to free trade agreements, tax rates and vehicle safety and any government actions that may affect the production, licensing, distribution, pricing, or selling of our products; (6) our joint ventures, which we cannot operate solely for our benefit and over which we may have limited control; (7) compliance with laws and regulations applicable to our industry, including those regarding fuel economy and emissions; (8) costs and risks associated with litigation and government investigations; (9) compliance with the terms of the Deferred Prosecution Agreement; (10) our ability to maintain quality control over our vehicles and avoid recalls and the cost and effect on our reputation and products; (11) the ability of suppliers to deliver parts, systems and components without disruption and on schedule; (12) our dependence on our manufacturing facilities; (13) our ability to realize production efficiencies and cost reductions; (14) our ability to successfully restructure operations in various countries; (15) our ability to manage risks related to security breaches and other disruptions to vehicles, information technology networks and systems; (16) our ability to develop captive financing capability through GM Financial; (17) significant increases in pension expense or projected pension contributions; (18) significant changes in the economic, political, and regulatory environment, market conditions, and foreign currency exchange rates; and (19) uncertainties associated with the consummation of the sale of Opel/Vauxhall to the PSA Group, including satisfaction of the closing conditions. A further list and description of these risks, uncertainties and other factors can be found in our Annual Report on Form 10-K for the fiscal year ended December 31, 2016, and our subsequent filings with the Securities and Exchange Commission. GM cautions readers not to place undue reliance on forward-looking statements. GM undertakes no obligation to update publicly or otherwise revise any forward-looking statements. Non-GAAP Financial Measures: See our Annual Report on Form 10-K for the fiscal year ended December 31, 2016 and our subsequent filings with the Securities and Exchange Commission for a description of certain non-gaap measures used in this presentation, including EBIT-adjusted, EPS-diluted-adjusted, ROIC-adjusted and adjusted automotive free cash flow, along with a description of various uses for such measures. Our calculation of these non-gaap measures are set forth within these reports and the Select Supplemental Financial Information section of this presentation and may not be comparable to similarly titled measures of other companies due to potential differences between companies in the method of calculation. As a result, the use of these non-gaap measures has limitations and should not be considered superior to, in isolation from, or as a substitute for, related U.S. GAAP measures. Additional Information: In this presentation and related comments by management, references to record performance refer to General Motors Company, as established in 2009. 2

DAVE PRYSTASH Chief Financial Officer Global Product Development, Purchasing & Supply Chain CITI INDUSTRIALS CONFERENCE June 14, 2017

WE ARE REDEFINING THE FUTURE OF PERSONAL MOBILITY OWN THE CUSTOMER RELATIONSHIP BEYOND THE CAR Technology & Innovation CORE BUSINESS AND GROWTH FOUNDATION 4

GLOBAL PRODUCT DEVELOPMENT, PURCHASING & SUPPLY CHAIN Product Pipeline (5-6 years pre-launch) Launch Future Product Programs Avg. Annual Resource Allocation Material & Logistics Vehicle Revenue Global Volume ~ 50 vehicles in pipeline Capital ~ $8B* Engineering ~ $7B* ~ $100B annual spend Vehicle sales drive ~ 85% of revenue All brands > 6M** units annually *Inclusive of the impact of the Opel/Vauxhall related transactions described in our Form 8-K dated March 6, 2017 ** Excludes production volume in China. Does not consider the effects of the Opel/Vauxhall transaction (~1 mill units) 5

EXTERNAL FORCES DRIVING RESOURCE REALLOCATION Segment shifts (e.g. Car to SUV) Market demand & profitability dynamics Regulation Geopolitical/Macro Alternative propulsion Portfolio planning and resource reallocation Transportation as a Service Autonomous vehicles 6

GM BUSINESS PORTFOLIO Electrification South America GM FRANCHISE STRENGTH HIGH GMF OnStar AV/TaaS NA Truck/SUV China Aftersales PROFIT POTENTIAL LOW PROFIT POTENTIAL HIGH Opel/Vauxhall NA Car Remaining GMI Commercial Vehicles Cadillac Select GMI Markets INVESTMENT ACTIONS GM FRANCHISE STRENGTH LOW Exited Maintain Grow New 7

BOLD ACTIONS TO IMPROVE PROFITABILITY & POSITION FOR GROWTH Invest/Grow Strong market positions Scale Back Limited to no profitability GMNA Mkt share: 16.3% Favorable mix New business opportunities GM China Mkt share: 14.9% Cadillac strength Broad market reach; high to low Global leverage GEM Opportunities for future growth Weak market position Strong earnings Continue to invest Limited portfolio symmetry Planned for exit, reductions or in process of restructuring GMSA Mkt share: 15.7% Breakeven in down market Positioned for market rebound And continue to deploy capital where it will generate strong returns 8

INVESTING IN PROFITABLE CORE & NEW BUSINESS GROWTH Profitable Core Focus investment on strong franchises in major markets Efficient Capital Allocation Vehicle commonality to generate savings and scalability CUV growth & global emerging market architecture New Business Growth Invest in new business models EV / AV / TaaS Innovate at scale: disrupt the future mobility market Decisions deliver an improved investment strategy with more efficient capital allocation 9

PRODUCT COMMONALITY IN MAJOR MARKETS INCREASES WITH O/V EXIT Key GM Strategic Actions GMSA GMNA GM China Focus on 7-passenger SUV s Fewer Diesel Powertrains Large Volume EV Sharing Leveraging GEM Vehicle Platform Leveraging Capability of PATAC (China) Mid-size Truck Market ß ß ß ß ß ß GME Product Symmetry Product Symmetry Improved product scale drives efficient resource allocation & architecture savings 10

CORE BUSINESS REFRESH TARGETING IMPROVED PROFITABILITY 19% 2011-2016 Launch Cadence Average ~26% Volume % of GM global sales from new or refreshed model introductions (Less than 18 months in production) 18% 30% 28% 25% 34% 2017-2020 Launch Cadence Average* ~38% Volume 36% 30% 38% 47% Improved Volume & Profit Mix Trucks, SUVs, & Crossovers Cars 38% + 52% 62% - 48% 2011 2012 2013 2014 2015 2016 2017E 2018E 2019E 2020E Strong upcoming product cadence drives brand strength and profit growth *Does not consider the effects of the Opel/Vauxhall related transactions described in our Form 8-K dated March 6, 2017 11

REFRESHED CROSSOVERS WITH MORE EFFICIENCY AT BETTER MARGINS 2018 Chevrolet Equinox (launched) 2018 Chevrolet Traverse (June 2017) 2018 GMC Terrain (July 2017) 2018 Buick Enclave (September 2017) Nearly 400 lbs lighter Nearly 300 lbs lighter Nearly 300 lbs lighter Nearly 300 lbs lighter 28-mpg combined final 21-mpg combined estimated Lineup of three all-new turbo engines 20-mpg combined estimated Improved fuel efficiency: 12% Improved fuel efficiency: 23% More available safety features than ever before Improved fuel efficiency: 11% Critical segment in North American portfolio 12

GM TO LEAD IN TECHNOLOGY AND INNOVATION AT SCALE Connectivity Vehicle Platform Autonomous Technology Manufacturing Capability Network >12 million connected vehicles Chevrolet Bolt 238 mile range Cruise Automation Engineering Efficiency Lyft/Maven 13

Bolt EV global performance continues to thrive Expanded capacity at Orion facility to meet demand European/Korean markets surpass projections Vehicle acceptance displayed in diverse markets Our internal focus: GM will be the first maker of profitable, highly desirable, range-leading and obtainable electric transportation. 14

GM became the first company to assemble self-driving test vehicles using mass production methods Produced 130 Chevrolet Bolt EV test vehicles equipped with the latest generation of self-driving technology at the Orion Assembly Plant This brings the number of self-driving Bolt EV test vehicles to be deployed in fleets to 180 The self-driving Chevrolet Bolt EV test vehicles feature GM s latest array of equipment, including LIDAR, cameras, sensors and other hardware designed to accelerate development of a safe and reliable fully autonomous vehicles Safety is the cornerstone of our approach to autonomous vehicles and we believe that self-driving technology promises enormous benefits to society Our plan remains the same we will first launch our AV technology in an on-demand ride sharing network 15

VIDEO 16

NEW HYDROGEN FUEL CELL OPPORTUNITIES GM Honda Fuel Cell Production Systems GM U.S. Army TARDEC ZH 2 Hydrogen Fuel Cell Reconnaissance Vehicle GM Aerospace (Multiple Customers) Hydrogen Fuel Cell Emergency Power GM U.S. Navy Office of Naval Research Unmanned Underwater Vehicle (UUV) 17

SUMMARY 2018 Chevrolet Equinox Bold global decisions to improve profitability and free cash flow Recent market exits reduce risk & allow reinvestment in new business and return of capital to shareholders Architectural symmetry driving quicker refresh cadence & efficient resource allocation Positioned to lead in the future of mobility with EV / AV / TaaS business 18

FOR ADDITIONAL INFORMATION PLEASE VISIT: Cadillac Escala Concept http://www.gm.com/investors investorrelations@gm.com https://www.gmfinancial.com/investors-information.aspx investors@gmfinancial.com GM s Investor Relations website contains a significant amount of information about GM, including financial and other information for investors. GM encourages investors to visit our website, as information is updated and new information is posted. Important information regarding reconciliations to the non-gaap financial measures contained in this presentation can be found in our publically filed SEC documents (10Ks & 10Qs) also located at www.gm.com/investors. These materials are the intellectual property of GM and/or its affiliates or subsidiaries and may not be copied, reproduced, modified, displayed, or incorporated into other materials, in whole or in part, without the express permission of GM Investor Relations. Requests to use the materials should be sent to investorrelations@gm.com.