General Motors Company · NYSE:GM
General Motors — FY2009 Earnings Presentation
14 slides from General Motors's earnings presentation, Apr 9, 2010
Slide 1: General Motors Company
General Motors Company April 7, 2010 Exhibit 99.2
Slide 2: Forward Looking Statements
Forward Looking Statements In this presentation and in related comments by our management, our use of the words “expect,” “anticipate,” “possible,” “potential,” “believe,” “intend,” “target,” “may,” “would,” “could,” “should,” “project,” “projected,” “positioned” or similar expressions is intended t
Slide 3: Design, Build & Sell the World's Best Vehicles
Design, Build & Sell the World’s Best Vehicles Vision Statement
Slide 4: 2010 Calendar Year Vehicle Launches
2011 Chevy Cruze GMNA 2011 Opel Meriva GME GMIO 2011 Buick Regal 2011 Chevy Volt 2011 Opel Astra Wagon 2011 Chevy Orlando 2011 Chevy Sail 2011 Chevy Spark 2011 Buick Excelle Key 2010 CY Launches Coming Soon
Slide 5: Rebuild First Class Relationships
Customers Dealers Communities Union Partners Suppliers Employees Rebuild First Class Relationships
Slide 6: Summary of 2009 Results
Q4 July 10 – Dec 31 Return to profitability a key priority Summary of 2009 Results Global Revenue $32.3B $57.5B EBIT $(4.0)B $(4.8)B Total Net Income/(Loss) $(3.4)B $(4.3)B Net cash provided/(used) operating activities (1.9) 1.0 Memo: Total net income/(loss) excludes preferred dividends
Slide 7: 2009 EBIT
Q4 2009 EBIT Q4 2008 (3,403) (1,855) (1,074) (2,321) (8,653) Memo: Old GM EBIT ($M)
Slide 8: Sustainable Financial Strength
($B) Old GM Dec 31, 2008 New GM Dec 31, 2009 Sustainable Financial Strength Cash & marketable securities * 14.2 36.2 Key Obligations: Debt 45.9 15.8 Preferred Stock n/a 7.0 Underfunded Pensions 25.6 27.5 Underfunded OPEB 32.9 9.6 Total Key Obligations 104.4 59.9 * Includes UST & Canadian HC Trust Re
Slide 9: Fresh-start accounting a key milestone for going public
Fresh-start accounting a key milestone for going public Integrity & Reliability in Public Reporting • Requirement resulting from 363 transaction • Resets the basis for accounting to fair value as of July 10 and results in a new entity for financial reporting purposes • Substantially all of GM’s asse
Slide 10: July Reorganization & Fresh-Start
July 10 Reorg & Fresh-Start July 10 Reorganization • $83B reduction in liabilities extinguished through 363 sale & issued common equity, warrants & preferred stock fair valued at $20B • $8B reduction in OPEB related to Revised UAW Settlement Agreement • $4B reduction in pension and OPEB resulting fr
Slide 11: Commitments to Stakeholders
Commitments to Stakeholders • Original government loans of $8.4B – Paid $2.4B to UST & $0.4B to EDC through Mar 31 – Outstanding balance to be repaid in full by June at the latest
Slide 12: New Leadership Team
Ed Whitacre Chairman & CEO Tom Stephens Vice Chairman Global Prod. Ops Steve Girsky Vice Chairman Corp. Strategy & Bus. Dev . Chris Liddell Vice Chairman CFO Nick Reilly President Europe Mark Reuss President North America Tim Lee President International Ops. Mary Barra V.P. Human Resources Mike Mill
Slide 13: Select Supplemental Financial Information
General Motors Company Select Supplemental Financial Information
Slide 14: EBIT Reconciliation
EBIT Reconciliation Predecessor July 10, 2009 October 1, 2009 October 1, 2008 Through Through Through December 31, 2009 December 31, 2009 December 31, 2008 Operating segments (EBIT) GMNA $ (4,820) GMIO 1,198 GME (805) Total operating segments (4,427) Corporate and eliminations (360) Income (loss) at