Ally Financial Inc. - FORM 8-K - EX-99.2 - November 4, 2009

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Preliminary
2009 Third Quarter Results
November 4, 2009
9:00 AM EST
 Contact GMAC Investor Relations at (866) 710-4623 or investor.relations@gmacfs.com

 
 
 

Forward-Looking Statements In the presentation that follows and related comments by GMAC Inc. (“GMAC”) management, the use of the words “expect,”
“anticipate,” “estimate,” “forecast,” “initiative,” “objective,” “plan,” “goal,” “project,” “outlook,” “priorities,” “target,” “intend,”
“evaluate,” “pursue,” “seek,” “may,” “would,” “could,” “should,” “believe,” “potential,” “continue,” or similar expressions is intended
to identify forward-looking statements. All statements herein and in related management comments, other than statements of
historical fact, including without limitation, statements about future events and financial performance, are forward-looking
statements that involve certain risks and uncertainties. While these statements represent our current judgment on what the future
may hold, and we believe these judgments are reasonable, these statements are not guarantees of any events or financial
results, and GMAC’s and Residential Capital, LLC’s (“ResCap”) actual results may differ materially due to numerous important
factors that are described in the most recent reports on SEC Forms 10-K and 10-Q for GMAC and ResCap, each of which may
be revised or supplemented in subsequent reports on SEC Forms 10-Q and 8-K. Such factors include, among others, the
following: our inability to successfully accommodate the additional risk exposure relating to providing wholesale and retail
financing to Chrysler dealers and customers and the resulting impact to our financial stability; uncertainty related to Chrysler’s
and GM’s recent exits from bankruptcy; uncertainty related to the new financing arrangement between GMAC and Chrysler;
securing low cost funding for GMAC and ResCap and maintaining the mutually beneficial relationship between GMAC and GM,
and GMAC and Chrysler; our ability to maintain an appropriate level of debt and capital; the profitability and financial condition of
GM and Chrysler; our ability to realize the anticipated benefits associated with our recent conversion to a bank holding company,
and the increased regulation and restrictions that we are subject to; continued challenges in the residential mortgage and capital
markets; the potential for deterioration in the residual value of off-lease vehicles; the continuing negative impact on ResCap of
the decline in the U.S. housing market; changes in U.S. government-sponsored mortgage programs or disruptions in the markets
in which our mortgage subsidiaries operate; disruptions in the market in which we fund GMAC’s and ResCap’s operations, with
resulting negative impact on our liquidity; changes in our accounting assumptions that may require or that result from changes in
the accounting rules or their application, which could result in an impact on earnings; changes in the credit ratings of ResCap,
GMAC, Chrysler or GM; changes in economic conditions, currency exchange rates or political stability in the markets in which we
operate; and changes in the existing or the adoption of new laws, regulations, policies or other activities of governments,
agencies and similar organizations.  Investors are cautioned not to place undue reliance on forward-looking statements. GMAC
undertakes no obligation to update publicly or otherwise revise any forward-looking statements except where expressly required
by law. A reconciliation of certain non-GAAP financial measures included within this presentation is provided in
the supplemental charts. Use of the term “loans” describes products associated with direct and indirect lending activities of GMAC’s global operations.  
The specific products include retail installment sales contracts, loans, lines of credit, leases or other financing products.  The term
“originate” refers to GMAC’s purchase, acquisition or direct origination of various “loan” products. 2

 
 
 

GMAC: Significant Recent Events 4/09 Became preferred provider of financing for
Chrysler dealers and customers
 5/09 Received $3.5 billion capital investment from
U.S. Treasury towards “stress test” requirements
5/09 Received $4.0 billion capital investment from
U.S. Treasury to support Chrysler lending
 5/09 Rebranded GMAC Bank as Ally Bank, and
launched major brand-building and deposit-
generation initiative 5/09 Ally Bank granted expanded 23A exemption 6/09 Issued $4.5 billion of FDIC-guaranteed debt
under TLGP 7/09 GM/GMAC contracts transferred to new entity
GM Company .  GM Company assumes all GM
amounts payable to GMAC 8/09 Resumed leasing for GM and Chrysler 9/09 Re-entered ABS market with TALF-eligible
Retail Auto deal by Ally Bank 9/09 Launched online savings in Canada 9/09 Isolated certain businesses as Discontinued
Operations 10/09 Launched Ally Dealer Rewards program 10/09  Entered into agreement to sell U.S. property
and casualty insurance business 10/09 Issued additional $2.9 billion of FDIC-
guaranteed debt under TLGP First Half 2009 Events Third Quarter and Subsequent Events 3

 
 
 

Net loss of $767 million compared to second quarter net loss of $3.9 billion Net loss from continuing operations of $671 million compared to $3.3 billion in second quarter Results impacted by several significant items (see following slide) Originated $7.7 billion and $15.9 billion of auto and mortgage loans respectively Ally Bank net deposits grew $2.3 billion to $27.7 billion during the third quarter Continued to wind down legacy assets and narrowed focus on core auto finance and            
mortgage servicing platforms GMAC: Third Quarter 2009 Highlights Key Statistics ($ millions) 3Q 09 2Q 09 3Q 08 2Q 09 3Q 08 Total net revenue 2,109 $    816 $          1,200 $      1,293 $    909 $       Provision for loan losses 704 $       1,161 $       1,099 $      (457) $       (395) $       Net loss from continuing operations (671) $       (3,317) $      (2,538) $    2,646 $    1,867 $    Net loss (767) $       (3,903) $      (2,523) $    3,136 $    1,756 $    Total assets 178,254 $ 181,248 $   211,327 $ (2,994) $    (33,073) $ Tier 1 capital ratio 14.4% 13.6% NA 0.8% NA Increase/(Decrease) vs. 4

 
 
 

Certain business lines were isolated as discontinued operations as they are being sold Several significant items impacted third quarter results GMAC: Significant Items Impacting Earnings (1) Includes provision, impairments and reserves on certain non-bank mortgage assets. Note: Loss of ($266) million includes additional significant items that were not reflected in the ($429) million loss shown in the second quarter earnings
presentation: $344 million amortization of bond exchange discount and $62 million of mark-to-market on auto retained interests. 2Q09 loss above excludes $114
million of tax expense related to discontinued operations. ($ millions) 3Q 09 2Q 09 Loss from continuing operations (671) $       (3,317) $    Income tax (benefit) expense from continuing operations (292)          1,099        Loss from continuing operations before income tax expense (963)          (2,218)          Mortgage repurchase reserve expense 515           231              Loss provision on resort finance assets 161           105           Legacy mortgage provision expense 1 79             504              Commercial and International mortgage portfolio marks / write-downs (23)           830              Amortization of bond exchange discount 309           344              Mark-to-market on auto retained interests (gain) (155)          (62)           Loss excluding above items (77) $         (266) $       5

 
 
 

GMAC: Income by Segment (1) Corporate and Other segment includes Commercial Finance, equity investments, amortization of original issue discount from GMAC bond exchange, and
other corporate activities. (2) Discontinued Operations currently includes: U.S. property and casualty insurance (Insurance segment); Argentina operations, United Kingdom full-service
leasing and Italy full-service leasing from International Operations (Global Automotive Finance Segment). Other businesses may be included in discontinued
operations in the future. Global Auto Finance:  Continued normalization of origination volumes, credit expenses and used vehicle
prices Insurance:  Increased focus on dealer related products to complement auto finance business Mortgage Operations:  Further credit related costs outweigh stronger net revenue Corporate/Other:  Continued amortization of original issue discount from the 2008 bond exchanges and loss
provision on the Resort Finance portfolio ($ millions) 3Q 09 2Q 09 3Q 08 2Q 09 3Q 08    North American Automotive Finance 345 $       302 $          (323) $         43 $          668 $            International Automotive Finance 50             45              (56)              5              106           Global Automotive Finance 395           347             (379)           48             774           Insurance 81             95              73                (14)           8                Mortgage Operations (747)        (2,044)        (1,949)        1,297        1,202        Corporate and Other 1 (692)        (616)           (384)           (76)           (308)          Loss from continuing operations (963)        (2,218)        (2,639)        1,255        1,676        Income tax (benefit) expense (292)        1,099          (101)           (1,391)     (191)          Discontinued Operations 2 (96)          (586)          15 490           (111)          Loss (767) $      (3,903) $    (2,523) $      3,136 $    1,756 $      Increase/(Decrease) vs. 6

 
 
 

Global Auto Finance: Highlights Global Auto Finance earned $395 million of pre-tax income from continuing operations compared to
$347 million in the second quarter Three international units have been classified as discontinued and subsequently impaired Consumer originations totaled $7.7 billion for the quarter, a 26% increase from the prior quarter Assisted by “cash-for-clunkers” program and enhanced pricing competitiveness Originated over $720 million of new Chrysler retail loans in 3Q 09 and had over $3.3 billion in
outstanding wholesale financing to Chrysler dealers as of 9/30/09 21% penetration of U.S. retail sales in September compared to 10% in June 2009 As of 9/30/09, 67% wholesale penetration of U.S. Chrysler dealers and 85% of Canadian Chrysler dealers Ally Dealer Rewards Program should promote future growth across Auto Finance and Insurance This program offers a full suite of dealer financial services including retail loans, wholesale financing, auction
services, extended service contracts, and inventory insurance Strong used vehicle prices and improved capital markets had a favorable impact on earnings Loan loss frequency continues to be affected by elevated unemployment levels but is partially offset
by lower loss severity due to improved used car values 7

 
 
 

Global Auto Finance: Key Metrics All tables include North American and International Operations except where noted. Origination and asset base figures include auto loans and leases. (1) Estimated remarketing proceeds at time of lease origination. (2) U.S. scheduled lease terminations on a managed basis by termination year - all lease terms, all vehicle segments (cars, trucks and SUVs). 0.4 ($ mil)  Pre-Tax Income of Continuing Operations $294 $(708) $(379) $213 $347 $395 $(1,379) $(1,500) $(1,200) $(900) $(600) $(300) $- $300 $600 1Q 08 2Q 08 3Q 08 4Q 08 1Q 09 2Q 09 3Q 09 ($ bil)  Global Consumer Originations $15.3 $15.2 $15.0 $13.3 $3.3 $3.7 $6.1 $7.7 $0 $5 $10 $15 $20 4Q 07 1Q 08 2Q 08 3Q 08 4Q 08 1Q 09 2Q 09 3Q 09 New-Retail New-Leases/Retail Balloon Contract Used Total ($bil)  Global Consumer Auto Asset Base $124 $122 $120 $115 $101 $92 $88 $85 $66 $68 $71 $78 $91 $97 $100 $98 $57 $58 $60 $66 $77 $81 $86 $83 $0 $20 $40 $60 $80 $100 $120 $140 4Q 07 1Q 08 2Q 08 3Q 08 4Q 08 1Q 09 2Q 09 3Q 09 Serviced Managed On-Balance Sheet (%)  Sales Proceeds as % of ALG 1 (U.S. Lease Terminations) 2 75% 80% 85% 90% 95% 100% 105% 110% 115% Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2006 2007 2008 2009 8

 
 
 

Global Auto Finance: Condensed Income Statement Notable Items (Pre-Tax) ($ millions) 3Q 09 2Q 09 3Q 08 2Q 09 3Q 08 Total financing revenue and other interest income 3,022 $    3,108 $   4,246 $    (86) $         (1,224) $    Interest expense 1,171 1,309 2,179 (138) (1,008) Depreciation expense on operating lease assets 944 1,106 1,471 (162) (527) Impairment of investment in operating leases -              -              93 0 (93) Net financing revenue 907 693 503 214 404 Servicing fees 57 58 72 (1) (15) (Loss) gain on automotive loans, net (33)          44 163 (77) (196) Other gain (loss) on investments 158 87 (107)        71 265 Other income 204 205 159 (1) 45 Total other revenue 386 394 287 (8) 99 Total net revenue 1,293 1,087 790 206 503 Provision for loan losses 155 71 437 84 (282) Noninterest expense 743 669 732 74 11 Income (loss) from cont. ops before income tax expense (benefit) 395 347 (379)        48 774 Income tax expense (benefit) from continuing operations 64 1,071 (97)          (1,007) 161 Net income (loss) from continuing operations 331 $       (724) $    (282) $      1,055 $    613 $       Increase/(Decrease) vs. ($ millions) 3Q 09 2Q 09 3Q 08 2Q 09 3Q 08 Remarketing gain/(loss) 162 $       134 $      (94) $       28 $          256 $       Mark-to-market on retained interests 155 $       62 $       (98) $       93 $          253 $       Credit loss provision for retail balloon contracts 6 $          68 $       (335) $      (62) $         341 $       Increase/(Decrease) vs. 9

 
 
 

Global Auto Finance: Credit Allowance Coverage Ratios Consumer coverage ratios declined from 2Q 09 due to changes to the charge-off policy to become
compliant with bank holding company requirements Change in policy accelerated $134 million of charge-offs for which reserves had previously
been established Lower severities in North America are helping offset weak economic trends 3Q 09 commercial coverage ratios declined slightly this quarter but remain elevated relative to prior
years given the number of dealers in a wind down situation Note: Coverage ratio equals credit allowance as a percentage of end of period assets. Global Consumer ($ millions) 3Q 09 2Q 09 3Q 08 2Q 09 3Q 08 Allowance balance 974 $       1,173 $    1,393 $    (199) $       (419) $       Total consumer loans 31,456 $   33,922 $   43,020 $   (2,466) $    (11,564) $ Coverage Ratio 3.1% 3.5% 3.2% -0.4% -0.1% Global Commercial 3Q 09 2Q 09 3Q 08 2Q 09 3Q 08 Allowance balance 206 $       219 $       129 $       (13) $         77 $          Total commercial loans 27,295 $   24,948 $   29,979 $   2,347 $    (2,684) $    Coverage Ratio 0.8% 0.9% 0.4% -0.1% 0.4% Increase/(Decrease) vs. Increase/(Decrease) vs. 10

 
 
 

Shrinking portfolios, mainly in North America, have contributed to increased delinquency rates Elevated unemployment, especially in the U.S., and seasonality continue to affect delinquencies Legacy Nuvell sub-prime portfolio represents less than 14% of total North American consumer receivables and
approximately 41% of delinquent balances Global Auto Finance: Consumer Delinquency Trends Global Delinquencies for Managed Retail Contracts                                    (Greater than 30 Days Past Due) 141 134 134 127 111 105 128 121 3.76% 3.48% 2.96% 3.11% 2.77% 2.37% 2.20% 2.69% 0 40 80 120 160 200 4Q 07 1Q 08 2Q 08 3Q 08 4Q 08 1Q 09 2Q 09 3Q 09 -0.30% 0.20% 0.70% 1.20% 1.70% 2.20% 2.70% 3.20% 3.70% 4.20% Delinquent Contracts Delinquecies as a % of Managed Contracts North American Delinquencies for Managed Retail Contracts                     (Greater then 30 Days Past Due) 99 87 70 90 83 68 63 87 4.36% 3.74% 2.86% 3.39% 2.90% 2.31% 2.05% 2.82% 0 50 100 150 4Q 07 1Q 08 2Q 08 3Q 08 4Q 08 1Q 09 2Q 09 3Q 09 0.00% 0.50% 1.00% 1.50% 2.00% 2.50% 3.00% 3.50% 4.00% 4.50% 5.00% Delinquent Contracts Delinquencies as a % of Managed Contracts Loans > 30 Days Past Due North America Europe Asia Pacific Latin America Global    3Q 09 4.36% 1.31% 0.74% 5.06% 3.76%    3Q 08 2.90% 1.50% 1.83% 3.93% 2.77%    Year-over-Year Change +146 bps -19 bps -109 bps +113 bps +99 bps 11

 
 
 

Global Auto Finance: Consumer Loss Trends Loss numbers for this quarter were impacted by a charge off policy change as demonstrated below ($ mil)  Global Annualized Credit Losses for Managed Retail Assets 267 280 306 256 241 231 177 309 134 3.29% 2.27% 2.41% 2.10% 1.56% 1.40% 1.34% 1.05% 2.19% $0 $100 $200 $300 $400 $500 4Q 07 1Q 08 2Q 08 3Q 08 4Q 08 1Q 09 2Q 09 3Q 09 0.00% 0.50% 1.00% 1.50% 2.00% 2.50% 3.00% 3.50% Incremental $ Impact from Policy Change Credit Losses ex. Policy Change Credit Losses as a % of Avg. Managed Assets ex. Policy Change Credit Losses as a % of Avg. Managed Assets Delinquent Contracts Delinquencies as a % of Managed Contracts ($)  North American Loss Per Vehicle (Serviced basis) $9,730 $10,087 $11,062 $11,760 $12,747 $11,246 $10,398 $9,288 $6,000 $8,000 $10,000 $12,000 $14,000 4Q 07 1Q 08 2Q 08 3Q 08 4Q 08 1Q 09 2Q 09 3Q 09 Net Retail Losses (% Avg Assets) North America Europe Asia Pacific Latin America Global    3Q 09 (reported number) 3.31% 0.94% 0.82% 8.32% 3.29%    3Q 09 (excluding change in charge-off policy) 2.39% 1.31% 0.82% 2.51% 2.19%    3Q 08 1.90% 0.28% 0.70% 1.52% 1.56%    Year-over-Year Change (vs. reported number) +141 bps +66 bps +12 bps +680 bps +173 bps    Year-over-Year Change (vs. excluding change    in charge-off policy) +63 bps +49 bps +103 bps +12 bps +99 bps 12

 
 
 

Insurance Highlights Reached agreement to sell U.S.
consumer property and casualty
insurance business 3Q 09 written premiums increased
from 2Q 09 driven by “Cash-for-
Clunkers” volume Opportunity to increase written
premiums with the Ally Dealer
Rewards Program Note: 4Q 08 includes reversal of prior written premium not yet earned in conjunction with
GMAC RE sale. ($ millions) 3Q 09 2Q 09 3Q 08 2Q 09 3Q 08 Insurance premiums and service revenue earned 572 $      545 $       782 $    27 $          (210) $       Investment income (loss) 87 88 (19)        (1)             106 Other income 24 17 24 7 -               Total insurance premiums and other income 683 650 787 33 (104)        Insurance losses and loss adjustment expenses 300 274 391 26 (91)           Acquisition and underwriting expenses 302 281 323 21 (21)           Total expense 602 555 714 47 (112)        Income from cont. ops before income tax expense 81 95 73 (14)           8 Income tax expense from continuing operations 56 27 2 29 54 Net income from continuing operations 25 $       68 $          71 $       (43) $         (46) $         Increase/(Decrease) vs. ($ mil)  Net Premium/Revenue Written from Continuing Operations $593 $610 $411 $84 $194 $124 $105 ($191) $538 $615 $447 $413 $450 -$250 $0 $250 $500 $750 $1,000 4Q 07 1Q 08 2Q 08 3Q 08 4Q 08 1Q 09 2Q 09 3Q 09 Continued Ops Less Reinsurance Reinsurance 13

 
 
 

Mortgage Operations: Highlights Mortgage Operations includes ResCap, LLC as well as the mortgage activities of Ally Bank and     
ResMor Trust Mortgage Operations results differ materially from ResCap, LLC The Mortgage Operations segment experienced a net loss for the quarter driven primarily by repurchase
reserve expense Provision for loan losses decreased to $349 million in the third quarter from $916 million in the
second quarter Loan repurchase reserves were increased resulting in an expense of $515 million Stronger net revenue of $585 million driven by improved core business margins and net servicing
revenue Originated $15.9 billion of new mortgage loans consisting of conforming, government and limited
amount of high quality jumbo loans Down slightly from last quarter due to lower refinancing volume but up 34% year over year GMAC continues to help homeowners restructure their loans through participation in the Home
Affordable Modification Program 14

 
 
 

Mortgage Operations: Key Metrics Note: Government and prime second liens are included in prime non-conforming. Total assets include $3.8 billion of assets securitized
on-balance sheet and $1.8 billion of assets related to
other balance sheet gross-ups at 9/30/09 ($ mil)  Pre-Tax Income $(932) $(905) $(1,761) $(1,949) $(1,068) $(1,138) $(2,044) $(747) $(2,500) $(2,000) $(1,500) $(1,000) $(500) $- 4Q 07 1Q 08 2Q 08 3Q 08 4Q 08 1Q 09 2Q 09 3Q 09 ($ bil)  Total Assets $82 $74 $65 $58 $48 $50 $54 $57 $- $20 $40 $60 $80 $100 4Q 07 1Q 08 2Q 08 3Q 08 4Q 08 1Q 09 2Q 09 3Q 09 ($ bil)  Mortgage Loan Production by Type $20.8 $20.9 $18.1 $11.9 $8.5 $13.4 $18.8 $15.9 $0 $5 $10 $15 $20 4Q 07 1Q 08 2Q 08 3Q 08 4Q 08 1Q 09 2Q 09 3Q 09 Total Originations Prime Conforming Prime Non Conforming Government Non Prime Prime Second Lien Total International ($ bil)  Primary Servicing - Period End $462 $460 $437 $426 $394 $386 $381 $380 $0 $100 $200 $300 $400 $500 $600 4Q 07 1Q 08 2Q 08 3Q 08 4Q 08 1Q 09 2Q 09 3Q 09 Prime Conforming Prime Non-Conforming Non Prime 1 15

 
 
 

Mortgage Operations: Condensed Income Statement Notable Items (Pre-Tax) (1) Includes provision, impairments and reserves on certain non-bank mortgage assets. ($ millions) 3Q 09 2Q 09 3Q 08 2Q 09 3Q 08 Total financing revenue and other interest income 570 $       590 $      862 $          (20) $       (292) $         Interest expense 450 507 824 (57) (374) Net financing revenue 120 83 38 37 82 Servicing fees 328 341 369 (13) (41) Servicing asset valuation & hedge activities, net (110)        (240)       (261)          130 151 Gain (loss) on mortgage loans, net 227 (402)       (138)          629 365 Gain on extinguishment of debt -                -              23 -              (23) Other income, net of losses 20 (333)       (187)          353 207 Total other revenue (expense) 465 (634)       (194)          1,099 659 Total net revenue (loss) 585 (551)       (156)          1,136 741 Provision for loan losses 349 916 652 (567) (303) Noninterest expense 983 577 1,141 406 (158) Loss before income tax benefit (747)        (2,044)    (1,949)       1,297 1,202 Income tax benefit (154)        (208)       (18)           54 (136) Net loss (593) $       (1,836) $ (1,931) $    1,243 $    1,338 $       Increase/(Decrease) vs. ($ millions) 3Q 09 2Q 09 3Q 08 2Q 09 3Q 08 Net servicing 217 $       101 $      109 $          116 $       108 $          Legacy mortgage provision expense, net 1 (79) $         (504) $    (526) $       424 $       446 $          Commercial and International mortgage portfolio marks / write-downs 23 $          (830) $    (195) $       853 $       218 $          Repurchase reserve expense (515) $       (231) $    (112) $       (284) $      (403) $         Increase/(Decrease) vs. 16

 
 
 

Mortgage Operations: Credit Allowance Coverage Ratios The consumer coverage ratio increased over prior periods Despite consumer mortgage assets decreasing by over 25% since 3Q 08, the allowance
balance has increased 16% The commercial mortgage coverage ratio is down relative to prior periods as certain distressed assets
have been resolved or charged-off During 3Q09, credit allowance decreased due to significant cash collections on certain legacy
commercial assets Asset levels have declined by more than 50% over the last 12 months Consumer ($ millions) 3Q 09 2Q 09 3Q 08 2Q 09 3Q 08 Allowance balance 1,132 $    1,133 $    976 $       (1) $          156 $       Total consumer loans 22,388 $   24,060 $   29,906 $   (1,672) $    (7,518) $    Coverage Ratio 5.1% 4.7% 3.3% 0.4% 1.8% Commercial 3Q 09 2Q 09 3Q 08 2Q 09 3Q 08 Allowance balance 256 $       536 $       564 $       (280) $       (308) $       Total commercial loans 2,102 $    3,412 $    4,356 $    (1,310) $    (2,254) $    Coverage Ratio 12.2% 15.7% 12.9% -3.5% -0.7% Increase/(Decrease) vs. Increase/(Decrease) vs. 17

 
 
 

Corporate and Other: Condensed Income Statement Notable Items (Pre-Tax) ($ millions) 3Q 09 2Q 09 3Q 08 2Q 09 3Q 08 Net financing loss (501) $    (441) $    (114) $    (60) $         (387) $       Gain (loss) on extinguishment of debt 4 8 (1)           (4) 5 Other income, net of losses 45 63 (109)       (18) 154 Total other revenue 49 71 (110)       (22) 159 Total net loss (452)     (370)       (224)       (82) (228) Provision for loan losses 200 174 10 26 190 Noninterest expense 40 72 150 (32) (110) Loss from cont. ops before income tax expense (692)     (616)       (384)       (76) (308) Income tax (benefit) expense from cont. ops (258)     209 12 (467) (270) Net loss from continuing operations (434) $    (825) $    (396) $    391 $       (38) $         Increase/(Decrease) vs. ($ millions) 3Q 09 2Q 09 3Q 08 2Q 09 3Q 08 Amortization of bond exchange discount (309) $    (344) $    - $          35 $          (309) $       Loss provision on resort finance assets (161) $    (105) $    - $          (56) $         (161) $       Increase/(Decrease) vs. 18

 
 
 

Ally Bank in the U.S. and ResMor Trust in Canada provide funding flexibility for GMAC through their
deposit-taking capabilities as well as other sources of favorable funding The Ally value proposition is resonating with consumers and has been extended to certain ResMor
products “Straightforward” and “Doing Right” promise No monthly fees or minimum balances 24/7 customer service Ally and ResMor total deposits increased 58% year over year to $28.8 billion (excluding certain
intercompany deposits) as of 9/30/2009 GMAC: Deposits (1) 3Q 09 figures exclude $5.2 billion of GMAC deposits. ($bil)   GMAC Inc. - Bank Deposit Levels 1 $4.1 $4.5 $7.2 $11.0 $14.5 $15.9 $10.7 $10.9 $10.7 $9.5 $8.7 $9.5 $17.6 $18.3 $20.0 $23.1 $26.3 $28.8 $0.0 $5.0 $10.0 $15.0 $20.0 $25.0 $30.0 $35.0 2Q 08 3Q 08 4Q 08 1Q 09 2Q 09 3Q 09 Ally Bank Retail Ally Bank Brokered Ally Bank Other ResMor 19

 
 
 

GMAC: Liquidity Parent company available
liquidity stands at $29.7 billion $9.5 billion of this
liquidity is available
based on current
collateral $8.3 billion of available
cash liquidity ABS market conditions
significantly improved (1) GMAC Consolidated includes Insurance, ResCap, and Ally Bank. (2) Includes approximately $5.2 billion of overnight funds on deposit at Ally Bank. (3) ResCap legal entity information. Does not include Ally Bank. Note: Numbers may not foot due to rounding. (1) Includes approximately $5.2 billion of overnight funds on deposit at Ally Bank. (2) Capacity is subject to availability of incremental collateral. Note: Numbers may not foot due to rounding. GMAC ex. GMAC Ins., ResCap, Ally ($ billions) Consolidated 1 Ally Bank 2 Insurance ResCap LLC 3 Bank Cash & Cash Equivalents (6/30/09) $18.7 $9.4 $0.9 $1.2 $7.2 Net Increase (Decrease) in Unsecured Debt (3.3) (3.1) (0.2) Change in Assets net of On-Balance Sheet securitizations 1.9 3.8 0.1 (2.0) Change in Intercompany Secured Loans = 0.6 + + (0.6) + Net Purchase of Investment Securities (4.4) (0.6) (0.3) (3.5) Internal Capital Contributions (1.5) 1.5 Increase (Decrease) in Deposits 3.2 0.9 2.3 Other (1.8) (1.2) (0.5) 0.4 (0.5) Cash & Cash Equivalents (9/30/09) $14.2 $8.3 $0.1 $0.9 $5.0 Net Change in Cash & Cash Equivalents in Q3 ($4.4) ($1.1) ($0.8) ($0.3) ($2.2) Parent Company Available Liquidity to Support Asset Generation ($ billions) 9/30/09 6/30/09 % Change Cash and Cash Equivalents 1 8.3 $       9.4 $       -12% Unencumbered Securities 0.1          0.4          -75% Current Secured Committed Unused Capacity 1.0          5.0          -80% Current Unsecured Committed Unused Capacity 0.1          0.1          0%      Total Current Available Liquidity 9.5          14.9        -36% Potential Secured Committed Unused Capacity 2 7.9          7.9          0% Potential Unsecured Committed Unused Capacity 2 -              -              -                 Whole Loan Forward Flow Agreements 2 12.3        13.1        -6% Total Available Liquidity 29.7 $    35.9 $    -17% 20

 
 
 

GMAC: Capital Ratios (1) The risk-weighted assets are determined by allocating assets and specified off-balance sheet financial instruments into six weighted
categories, with higher levels of capital being required for the categories perceived as representing greater risk.  The Company’s
September 30, 2009 preliminary risk-weighted assets reflect estimated on-balance sheet risk weighted assets of $146 billion and
derivative and off-balance sheet risk-weighted assets of $19 billion. Note:  Numbers may not foot due to rounding. See slide 28 for further details on capital numbers stated above. ($ billions) 9/30/2009   Preliminary 6/30/2009 Tier 1 Capital 23.8 $            25.0 $         Tier 1 Common Capital 10.0 $            11.2 $         Total Risk-Based Capital 26.1 $            27.7 $         Tangible Common Equity 10.5 $            11.5 $         Tangible Assets 177.6 $          180.5 $       Risk-Weighted Assets 1 165.2 $          183.4 $       Tier 1 Capital Ratio 14.4% 13.6% Tier 1 Common Capital Ratio 6.1% 6.1% Total Risk-Based Capital Ratio 15.8% 15.1% Tangible Common Equity/ Tangible Assets 5.9% 6.4% Tangible Common Equity/ Risk-Weighted Assets 6.3% 6.3% 21

 
 
 

GMAC: Conclusion Third quarter results affected by continued cleanup of credit costs and several significant items GMAC continues its strategic review of businesses and additional platforms may be impacted in the future    Auto business was profitable again this quarter and origination volumes continue to increase Used car values have recovered Ally Dealer Rewards program was introduced Mortgage Operations continues to experience losses while resolving legacy issues Positive trends in mortgage origination and servicing business resulted in stronger net revenue Utilized GMAC’s improved capital position to support core businesses Ally Bank continues to build brand awareness and retail deposit base GMAC team remains focused on five core strategic initiatives: Transition to and meet all bank holding company requirements Strengthen the company’s liquidity and capital position by transforming to a deposit funded institution Build a world class GMAC organization Expand and diversify customer-focused revenue opportunities in auto and mortgage, with available funding
driving originations Drive returns by repositioning GMAC’s risk profile and maximizing efficiencies 22

 
 
 

Supplemental Charts

                                  23

 
 
 

GMAC: Preliminary Consolidated Condensed Income Statement Supplemental ($ millions) 3Q 09 2Q 09 3Q 08 2Q 09 3Q 08 Total financing revenue and other interest income 3,417 $    3,563 $    4,951 $    (146) $       (1,534) $    Interest expense 1,899 2,069 2,880 (170)        (981)        Depreciation expense on operating lease assets 944 1,106 1,472 (162)        (528)        Impairment of investment in operating leases -                -                93 -                (93)           Net financing revenue 574 388 506 186 68 Servicing fees 384 399 441 (15)           (57)           Servicing asset valuation and hedge activities, net (110)        (240)        (261)        130 151 Insurance premiums and service revenue earned 582 557 791 25 (209)        Gain (loss) on mortgage and automotive loans, net 194 (362)        25 556 169 Gain on extinguishment of debt 10 14 59 (4)             (49)           Other gain (loss) on investments, net 216 98 (396)        118 612 Other income, net of losses 259 (38)           35 297 224 Total other revenue 1,535 428 694 1,107 841 Total net revenue 2,109 816 1,200 1,293 909 Provision for loan losses 704 1,161 1,099 (457)        (395)        Insurance losses and loss adjustment expenses 335 308 423 27 (88)           Impairment of goodwill -                -                16 -                (16)           Other operating expenses 2,033 1,565 2,301 468 (268)        Total noninterest expense 2,368 1,873 2,740 495 (372)        Loss from cont. ops before income tax (benefit) expense (963)        (2,218)     (2,639)     1,255 1,676 Income tax (benefit) expense from cont. ops (292)        1,099 (101)        (1,391)     (191)        Net loss income from continuing operations (671)        (3,317)     (2,538)     2,646 1,867 Loss from discontinued ops, net of tax (96)           (586)        15 490 (111)        Net loss (767) $       (3,903) $    (2,523) $    3,136 $    1,756 $    Increase/(Decrease) vs. 24

 
 
 

GMAC: Preliminary Consolidated Condensed Balance Sheet Supplemental Increase/ (Decrease) vs. ($ millions) 9/30/09 12/31/08 12/31/08 Cash and cash equivalents 14,225 $    15,151 $    (925) $               Investment securities 14,376 7,444 6,932 Loans held-for-sale 14,963 7,919 7,044 Finance receivables and loans, net of unearned Income 87,452 100,073 (12,621)           Allowance for loan losses (2,974)        (3,433)        459 Total finance receivables and loans, net 84,478 96,640 (12,162)           Investment in operating leases, net 18,867 26,390 (7,524)              Other assets 28,906        35,932        (7,026)              Assets of discontinued operations held-for-sale 2,439          -                 2,439                Total assets 178,254 $   189,476 $   (11,222) $          Unsecured debt 45,295 $    53,213 $    (7,918) $            Secured debt 56,746        73,108        (16,362)             Total debt 102,041     126,321     (24,280)             Deposit liabilities 29,324        19,807        9,517                Other liabilities 20,166        21,494        (1,328)              Liabilities of discontinued operation held-for-sale 1,782          -                 1,782                Total liabilities 153,313     167,622     (14,309)             Equity 24,941        21,854        3,087                Total liabilities and equity 178,254 $   189,476 $   (11,222) $          25

 
 
 

GMAC: Net Income by Segment Supplemental (1) Corporate and Other segment includes Commercial Finance, equity investments, amortization of original issue discount from GMAC bond exchange, and other corporate
activities. (2) Discontinued Operations currently includes: U.S. property and casualty insurance (Insurance segment); Argentina operations, United Kingdom full-service leasing and Italy full-
service leasing from International Operations (Global Automotive Finance Segment). Other businesses may be included in discontinued operations in the future. ($ millions) 3Q 09      Continuing Operations 3Q 09 Discontinued Operations (2) 3Q 09 Total Net Income (Loss)    North America 314 $                   - $                        314 $                      International 17                         (167)                    (150)                    Global Automotive Finance 331                       (167)                    164                       Insurance 25                         71                         96                         Mortgage Operations (593)                    -                       (593)                    Corporate and Other (1) (434)                    -                       (434)                    Consolidated Net income (loss) (671) $                  (96) $                   (767) $                  26

 
 
 

ResCap, LLC: Key Financial Information (1) For the purpose of ResCap’s tangible net worth covenants, consolidated tangible net worth is defined as the company’s
consolidated equity, excluding intangible assets and any equity in Ally Bank to the extent included in ResCap’s consolidated
balance sheet. Note:  Results as they appear on a ResCap, LLC reported basis and include ownership of ResMor Trust through 1/1/2009 and
Ally Bank through 1/30/2009. Supplemental ResCap, LLC met its covenants at quarter end with tangible net worth of $409 million at the
end of the third quarter ($ millions) 3Q 09 3Q 08 Net loss (649) $      (1,912) $    Net loss excluding gain on debt extinguishment (649) $      (1,954) $    ($ millions) 9/30/2009 12/31/2008 Cash & cash equivalents 919 $       6,983 $      Tangible net worth 409 $       350 $         Total assets 19,749 $ 57,961 $    27

 
 
 

GMAC: Capital Measures as of 9/30/09 Supplemental Note:  Numbers may not foot due to rounding. Capital 9/30/2009 6/30/2009 Shareholders’ Equity 24.9 $      26.0 $      Less: Goodwill and certain other intangibles (0.7) (0.7) Unrealized (gain) loss and other adjustments (0.5) (0.3) Total Tier 1 Capital 23.8 25.0 Total Tier 1 Capital 23.8 25.0 Less: Senior preferred (12.5) (12.5) Preferred interest (1.3) (1.3) Tier 1 Common 10.0 11.2 Total Tier 1 Capital 23.8 25.0 Add: Qualifying subordinated debt and redeemable preferred stock 0.2 0.2 Allowance for loan and lease losses includible in Tier 2 Capital 2.1 2.4 Total Risk-Based Capital 26.1 27.7 Total Equity 24.9 26.0 Less: Preferred equity (13.8) (13.8) Goodwill and intangible assets (0.7) (0.7) Tangible Common Equity 10.5 11.5 Total Assets 178.3 181.2 Less: Goodwill and intangible assets (0.7) (0.7) Tangible Assets 177.6 $    180.5 $    ($ billions) 28

 
 
 

Global Capital and Liquidity: Term Debt Maturity Profile Supplemental Note: Numbers may not foot due to rounding. Maturities are as of 9/30/2009 and reflect par value of debt. Excludes original issue discount of $4.6 billion,
and collateralized borrowings in securitization trusts representing mortgage lending related debt that is repaid upon the principal payments of the
underlying assets, of $3.5 billion. ($ bil) $4 $8 $10 $10 $2 $16 $5 $20 $14 $3 $2 $3 $8 $29 $24 $13 $4 $18 $- $5 $10 $15 $20 $25 $30 2009 2010 2011 2012 2013 2014 and thereafter Unsecured Secured Total 29

 
 
 

GMAC: Ownership Structure Supplemental Preferred Ownership as of 9/30/2009 Common Ownership as of 9/30/2009 35.4% 22.0% 18.1% 14.6% 9.9% U.S. Treasury Cerberus and Affiliates Cerberus Co-Investors GM Trust GM Company ($ millions) Series Owner Liquidation Preference Book Value Series F Mandatory Convertible Preferred U.S. Treasury $7,500.0 $7,500.0 Series F Mandatory Convertible Preferred (exercised warrants) U.S. Treasury $375.1 $0.1 Series D-1 Perpetual Preferred U.S. Treasury $5,000.0 $5,000.0 Series D-2 Perpetual Preferred (exercised warrants) U.S. Treasury $250.0 $0.0 Series G Perpetual Preferred Investors $2,576.6 $235.0 Series A Perpetual Preferred GM Company $1,047.3 $1,052.0 Preferred Ownership 30

 
 
 

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