Slide 1: General Motors Company Q2 2010 Results
General Motors Company Q2 2010 Results August 12, 2010 Exhibit 99.2
Slide 2: Forward Looking Statements
Forward Looking Statements In this press release and in related comments by our management, our use of the words “expect,” “anticipate,” “possible,” “potential,” “target,” “believe,” “commit,” “intend,” “continue,” “may,” “would,” “could,” “should,” “project,” “projected,” “positioned” or similar ex
Slide 3: Summary of Q2 2010 Results
GAAP Net Revenue ($B) Operating Income ($B) Net Income Attr. Common Stockholders ($B) EPS – Diluted ($/Share) Non- GAAP EBIT - Adj. ($B) Free Cash Flow ($B) Summary of Q2 2010 Results
Slide 4: Operating Income Walk to EBIT-Adj.
Operating Income Walk to EBIT - Adj. ($ B) Operating Income Equity Income Non-Controlling Interests (0.1) Non-Operating Income (0.1) Earnings Before Interest & Taxes (EBIT) Less Adjustments EBIT - Adj.
Slide 5: 2010 EBIT & EBIT-Adj.
2010 EBIT & EBIT - Adj. * Included in Earnings Before Interest and Taxes (EBIT) (0.2) (0.1) GMNA GME GMIO Corp. / Elims EBIT Less Adjustments* EBIT - Adj.
Slide 6: 2010 Global Deliveries
2010 Global Deliveries (000’s) Global Share 11.5% 11.1% 11.6% GM deliveries & market share include vehicles sold around the world under GM and JV brands, and through GM branded distribution network 1,952 1,999 2,153 1,000 1,600 2,200 Q4 2009 Q1 2010 Q2 2010
Slide 7: Q2 2010 GMNA Deliveries
Q4 2009 Q1 2010 Q2 2010 Q2 2010 GMNA Deliveries (000’s) GMNA Share 19.3% 17.8% 18.7% U.S. Share 20.2% 18.4% 19.4% U.S. 4 Brand Share 18.6% 18.1% 19.3% Discontinued Brands Chevy, Buick, GMC, Cadillac
Slide 8: Key GMNA Performance Indicators
Key GMNA Performance Indicators GM Average U.S. Retail Incentive (4 Brand) % of Industry Average Share $/Unit U.S. 4 Brand Share U.S. Total Share Jul Avg. GM U.S. Retail Incentive – 4 Brands Note: Incentive Information Based on J.D. Power and Associates Power Information Network data
Slide 9: GM U.S. Retail Transaction Prices
'09 Q2 '10 $23,800 $25,900 GM U.S Retail Transaction Prices Note: ATP Information Based on J.D. Power and Associates Power Information Network data + $2,100 or 9% Car Q2 '09 Q2 '10 $32,300 $34,100 + $1,800 or 6% Q2 '09 Q2 '10 $28,100 $31,100 + $3,000 or 11% Increase due to: Nameplate Mix $1,700 Pric
Slide 10: Q2 2010 GMNA Net Revenue
Q4 2009 Q1 2010 Q2 2010 Q2 2010 GMNA Net Revenue GMNA Production (000’s) U.S. Dealer Inv (000’s)
Slide 11: 2010 GMNA Earnings Before Interest & Taxes
2010 GMNA Earnings Before Interest & Taxes (3.4) (4.0) (2.0)
Slide 12: GMNA EBIT-Adj. Q1 2010 vs. Q2 2010
EBIT GMNA EBIT - Q1 2010 vs. Q2 2010 Q2 2010 EBIT $0.4B Improvement
Slide 13: Q2 2010 GME Deliveries
Q4 2009 Q1 2010 Q2 2010 Q2 2010 GME Deliveries (000’s) GME Share 8.2% 8.5% 8.8% Germany Share 8.8% 8.2% 8.0% U.K. Share 11.2% 12.0% 13.7% Chevrolet GME Excl. Chevrolet GME deliveries and market share include unit sales of Chevrolets produced by GMIO. Revenue and associated costs of these unit sales
Slide 14: Q2 2010 GME Net Revenue
Q4 2009 Q1 2010 Q2 2010 Q2 2010 GME Net Revenue Production (000’s)
Slide 15: Q2 2010 GME Earnings Before Interest & Taxes
(0.8) (0.5) (0.2) (4.0) (2.0) Q2 2010 GME Earnings Before Interest & Taxes
Slide 16: GME EBIT-Adj. Q1 2010 vs. Q2 2010
GME EBIT - Q1 2010 vs. Q2 2010 Q1 2010 EBIT Q2 2010 EBIT $0.3B Improvement
Slide 17: Q2 2010 GMIO Deliveries
1,200 Q4 2009 Q1 2010 Q2 2010 1,031 Q2 2010 GMIO Deliveries (000’s) GMIO Share 10.3% 10.2% 10.3% China Share 13.2% 13.3% 13.1% Brazil Share 18.7% 19.9% 18.4% India Share 3.7% 4.2% 4.0% China GMIO Excl. China
Slide 18: 2010 GMIO Net Revenue
2010 GMIO Net Revenue Production (000’s) Fully Consolidated Joint Venture Total 1,050 1,112 1,195 Q4 2009 Q1 2010 Q2 2010
Slide 19: 2010 GMIO Earnings Before Interest & Taxes
2010 GMIO Earnings Before Interest & Taxes Equity Income Inc. Before Int/Tax/Equity
Slide 20: GMIO EBIT-Adj. Q1 2010 vs. Q2 2010
GMIO EBIT - Q1 2010 vs. Q2 2010 Q1 2010 EBIT Q2 2010 EBIT $0.5B Reduction
Slide 21: Cash Flow
Cash Flow Q1 2010 Q2 2010 Net Income Attr. Common Stockholders Add-back Non-Controlling Interests & Preferred Dividends Net Income Depreciation / Amortization Working Capital (0.9) Pension / OPEB & Other (0.3) Net cash provided/(used) operating activities Capital Expenditures (0.8) (1.1) Free Cash F
Slide 22: Key Balance Sheet Items
Key Balance Sheet Items March 31 June 30 Cash & marketable securities* Key Obligations: Debt Preferred Stock Underfunded Pensions Underfunded OPEB * Includes UST & Canadian HC Trust Restricted Cash
Slide 23: Key Messages
Key Messages • Two straight quarters of profitability and positive cash flow • Expect financial results to moderate in second half • Company continues to deliver on major business objectives – Product development – Cost discipline – European restructuring – AmeriCredit
Slide 24: Select Supplemental Financial Information
General Motors Company Select Supplemental Financial Information
Slide 25: Operating Income Walk to EBIT-Adj.
Operating Income Walk to EBIT - Adj S1 Operating Income (3.9) Equity Income Non-Controlling Interests (0.2) (0.1) (0.1) Non-Operating Income/(Expense) (0.2) (0.1) Earnings Before Interest & Taxes (4.0) Less Adjustments (3.0) EBIT- Adj. (1.0)
Slide 26: Detail of Adjustments
Detail of Adjustments S2 Earnings Before Interest & Taxes (EBIT) (4.0) Less Adjustments - Gain on Saab Sale - VEBA Settlement (2.5) - GMAC Investment Impairment (0.3) - Delphi Related (0.1) - CAMI Debt Ext. (0.1) Total Adjustments (3.0) EBIT – Adj. (1.0)
Slide 27: Restructuring Excluded From Adjustments
Restructuring Excluded From Adjustments S3 GMNA – Dealer Related (0.1) GMNA – Non-Dealer Related (0.2) Total GMNA (0.3) Total GME (0.3) (0.2) Total GMIO (0.1) Total (0.4) (0.2) (0.2)