GE’s strategy for a low carbon industry

“Ecomagination”in action at GE Healthcare-Lindesnes

Ian Dale,General Manager, Global Supply ChainLife Science – Core ImagingGeneral Electric Healthcare

Prosin Arendal Norway, August 18th 2015

GE 2014 form 10k

GEOverview

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GE 2014 form 10k

Fast Facts GEHealthcare

CoE

MajorNordiclocations

GE has been active in the Nordicregion for 50 years.

6,000 employees

Revenue $2.3B (2013)

Exports of $2.9B (2013)

General Electricin the Nordic RegionGeneral Electricin the Nordic Region

CoE

CoE

CoE

CoE

“At GE our sustainability approachis embedded in the way we workwithemployees, customers, suppliersandinvestors; the technology we create;and the philanthropic partnershipswe support.”- Jeff Immelt, Chairman and CEO, GE, 2005

Ecomagination

Goals for 2015

2014 Progress

Grow 2xGE’s

revenues

Grow 2xGE’s

revenues

22Reduce GHGemissions by

25%

Reduce GHGemissions by

25%

33Reduce GE’s

energyintensity by

50%

Reduce GE’senergy

intensity by50%

44Reduce fresh

waterconsumption

by 25%

Reduce freshwater

consumptionby 25%

Double R&Dto $15B from2010-2015

Double R&Dto $15B from2010-2015

11

$25 billion inrevenues

2013

$25 billion inrevenues

2013

22GHG

emissionsreduced 32%

GHGemissions

reduced 32%

33Energyintensity

reduced 31%

Energyintensity

reduced 31%

44Fresh wateruse reduced

45%

Fresh wateruse reduced

45%$12 billion inR&D to date$12 billion inR&D to date

11

55

55

Ecomagination commitments and progress

Launched in 2005, Ecomagination is more than a corporatesustainability

program. Core to our business strategy, it considers our value chain,delivers solutions to our customers and provides increased productivity

in a volatile world.

Managing Sustainability- Embedded in Our Culture

GE OPERATINGRHYTHM

• functional expertise• operational mgt

Process

talented & passionateemployees

People

• ecomagination• healthmagination• green ventures

Products

Precision Diagnostics…

Regenerativemedicine

…

We enable precise clinical decisionsby providing advancedin-vivo & in-vitrodiagnostics

We drive end-to-endcustomer productivity &capacity in globalbiopharmaceutical manufacturing

We create the future ofregenerative medicine & celltherapy with customers by

providing novel technologies& methods

We empower researcherswith innovative tools &analyticsfor protein, genetic & cell-

based research &development

GE Healthcare Life SciencesAccelerating molecular & precision medicine

Contrast Media Molecular-Imaging SPECT

Molecular-Imaging PET

PET

*

X-Ray/CT MRI

Ultrasound

SPECT

TargetedSPECT

TargetedSPECT

Life Sciences Core ImagingImaging Agent Portfolio

1974 GE Healthcare’s TopEnergy ConsumerLindesnes Plant

- The Worlds largest producer of drugsubstances for Contrast Agents , 30% of X-rayworld market.

- Injected into 2 patients /sec (~170 000 per day!)

• Employees: 340 people• Annual energy consumption approx. 120 GWh

Ambitious Ecomagination targets were set andGE Healthcare Lindesnes has jumped

• GE’sEcomaginationprogram

• Energy reduction• CO2 reduction• ENOVA &

InnovationNorway Support

• Work ForceCommitment

The Climate, The Environment............and business hand inhand

Energy Reduction Results

49%

70%

Reduction of CO2 Emissions

51%

90%

http://reports.weforum.org/global-competitiveness-report-2014-2015/the-measurement-of-sustainable-competitiveness/

Work Force Engagement……………………………Norway is wellpositioned Global Competiveness Index• Education / Competence(relevant for Industry) and generallyhigh technology acceptance

• Geopolitical stability(e.g. low strike frequency)

• Predictable financialconditions(e.g. stable and not too strongNOK and competitive tax levels)

• Local company culturesCollegial spirit based on socialequality and high employer loyalty

• Culture to hunt productivityBased on high willingness tosupport change, supported byhigh social security.

Continuous focusOn day to day activities & technology

Utility

Daily operation

Process

• Improvements that do not cost money• Improvements cost & have large energy

saving• Improvements that need support from

government bodies Innovation Norway andENOVA

• Can the energy usage be removedthrough process improvements?

• Can the energy usage be removedthrough process changes?

• Can the energy be used one more timeinternally?

• Can the energy be used one more timeexternally?

18GE Title or job number

8/19/2015

Energy Award to GEHC LindesnesSaving NOK 50 mill per annum

Ecomagination at Lindesnes

Competitive Ambition+ Culture of Productivity

+ Sense of Unease+Sense of Purpose

=Competitiveness=Low Carbon Industry

Investing $10B in cleaner technology R&D1

Reduce GHG emissions and freshwater use by 20%, from the 2011baseline2

2020 commitments

Natural Gas RenewableEnergy

Power Plants• Develop alternative

technologies to replacewater in the hydraulicfracturing process

• Reduce the cost andincrease the output of GEwind turbines to lowerwind power generationcosts

• Innovate and advancesolutions to increasepower plant efficiencies

MaximizeEnvironmental

Resources

DriveEconomic

Performance

Improving Customer Outcomes

… and creating a world that worksfaster, cleaner, smarter and better

Ecomagination

22GE Title or job number

8/19/2015

After the team@Lindesnesjumped…….all the others must follow

Climate/environment must go hand inhand... then the green shift will happen

23GE Title or job number

8/19/2015

Tusen Takk foroppmerksomheten.(Thank you verymuch for yourattention)

Ian Dale