General Motors Company · NYSE:GM
General Motors — Investor Presentation (November 2018)
10 slides from General Motors's investor presentation, Nov 26, 2018
Slide 1: General Motors Accelerates Transformation
GENERAL MOTORS ACCELERATES TRANSFORMATION November 26, 2018
Slide 2: Information Relevant to This Presentation
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
Slide 3: Our Transformation Journey
OUR TRANSFORMATI ON JOURNEY CORE PERFORMANCE IMPROVEMENT MARKET AND PORTFOLIO OPTIMIZATION CAPITAL ALLOCATION FRAMEWORK EV AND AV LEADERSHIP NOW STRATEGIC TRANSFORMATION BETTER POSITIONING OURSELVES TO FOCUS ON COMPELLING GROWTH OPPORTUNITIES 3
Slide 4: Continuing Our Transformation to Be Highly Agile, Resilient and Profitable
CONTINUING OUR TRANSFORMATI ON TO BE HIGHLY AGILE, RESILIENT AND PROFITABLE Transforming product development processes ~$6 billion Adj. Automotive FCF to improve quality and speed to market improvement by year-end 2020 Aligning manufacturing capacity with ~$4.5 billion in cost savings and ~$1.5 bill
Slide 5: Product Development Transformation
PRODUCT DEVELOPMENT TRANSFORM ATION Efficiently deploying capital, including reuse of equipment and shared parts across vehicles Reducing development cost and time with virtual tools, and increasing speed to market Doubling resources allocated to EV and AV programs in the next two years Integrating
Slide 6: Manufacturing Capacity Alignment
MANUFACTURIN G CAPACITY ALIGNMENT Unallocating two U.S. and one Canadian assembly plant Supporting propulsion plants will also be unallocated Ceasing operation of two additional plants outside North America Addressing manufacturing costs, and the competitiveness of wages and benefits 6
Slide 7: Staffing Transformation
STAFFING TRANSFORMATION 15% reduction to salaried staff from severance programs, including 25% fewer executive positions to streamline decision making Transforming the global workforce to ensure the right skill sets for today and the future Note: Salaried staff includes salaried and salaried contrac
Slide 8: Financial Implications
FINANCIAL IMPLICA TION S Adj. Automotive Free Cash Flow Pre-tax charges of $3.0 to $3.8 billion • Up to $1.8 billion of non-cash asset write-downs and pension charges +~$4.5B in cost savings • Up to $2.0 billion of employee-related and other cash +~$1.5B in Capex savings expenses = ~$6B improvement
Slide 9: Takeaways
TAKEAW AYS Reshaping business to capitalize on growth opportunities Intense focus on cash generation and cost discipline Increased downturn protection ADDITIONAL DETAIL AT CAPITAL MARKETS DAY ON JANUARY 11, 2019 IN NEW YORK CITY 9
Slide 10: For Additional Information Please Visit
FOR ADDITIONAL INF ORMATION PLEASE VISIT: https://investor.gm.com Website: GetCruise.com investorrelations@gm.com YouTube: http://bit.ly/CruiseYouTube https://www.gmfinancial.com/investors-information.aspx Medium: Medium.com/Cruise investors@gmfinancial.com GM’s Investor Relations website contains a
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