General Motors Co - FORM 8-K - EX-99.2 - CHARTS FURNISHED TO SECURITIES ANALYSTS

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8-K - FORM 8-K - General Motors Co	d8k.htm
EX-99.1 - NEW RELEASE DATED, MAY 17, 2010 AND FINANCIAL STATEMENTS - General Motors Co	dex991.htm

General Motors Company

Q1 2010 Results

May 17, 2010

Exhibit 99.2

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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 expressions is intended to identify forward-

looking statements that represent our current judgment about possible future

events. We believe these judgments are reasonable, but these statements

are not guarantees of any events or financial results, and our actual results

may differ materially due to a variety of important factors. Among other items,

such factors might include: our ability to realize production efficiencies and

to achieve reductions in costs as a result of our restructuring initiatives and

labor modifications; our ability to maintain quality control over our vehicles

and avoid material vehicle recalls; our ability to maintain adequate liquidity

and financing sources and an appropriate level of debt, including as required

to fund our planning significant investment in new technology; our ability to

realize successful vehicle applications of new technology; and our ability to

comply with the continuing requirements related to U.S. and other

government support.

GM's most recent annual report on Form 10-K and quarterly report on Form

10-Q provides information about these and other factors, which we may

revise or supplement in future reports to the SEC.

Jul 10 –

Sep 30

2009

2010

GAAP

Net Revenue ($B)

25.1

32.3

31.5

Operating Income ($B)

(1.0)

(3.9)

1.2

Net Income Attr. Common

Stockholders ($B)

(0.9)

(3.5)

0.9

EPS –

Diluted ($/Share)

(2.20)

(8.53)

1.66

Non-

GAAP

EBIT -

Adj. ($B)

(0.6)

(1.0)

1.7

Free Cash Flow ($B)

2.0

(2.9)

1.0

Summary of Q1 2010 Results

Q1 Operating Income Walk to EBIT-

Adj.

($ B)

2010

Operating Income

1.2

Equity Income

0.4

Non-Controlling Interests

(0.1)

Non-Operating Income

0.3

Earnings Before Interest & Taxes (EBIT)

1.8

Less Adjustments

0.1

EBIT-

Adj.

1.7

Q1 2010 EBIT & EBIT -

Adj.

($M)

* Included in Earnings Before Interest and Taxes (EBIT)

Gain on

Saab Sale

Q1 2010 Global Deliveries

(000’s)

Global Share

11.8%

11.5%

11.2%

GM deliveries & market share includes vehicles sold around the world under GM and JV brands and through GM branded

distribution network

Q1 2010 GMNA Deliveries

(000’s)

GMNA Share

18.7%

19.3%

17.8%

U.S. Share

19.4%

20.2%

18.4%

U.S. 4 Brand Share

16.7%

18.6%

18.1%

Discontinued

Brands

Chevy, Buick,

GMC, Cadillac

690

637

563

Key GMNA Performance Indicators

GM Average U.S. Retail Incentive (4 Brand) % of Industry Average

127

152

143

137

121

143

135

149

154

141

132

119

106

108

$/Unit

U.S. 4 Brand Share

U.S. Total Share

Apr

2010

Avg. GM U.S. Retail

Incentive –

4 Brands

Note: Incentive Information Based on J.D. Power and Associates Power Information Network data

Q1 2010 GMNA Net Revenue

($B)

GMNA Production (000’s)

531

616

668

U.S. Dealer Inv (000’s)

424

385

428

Q3 2009 represents combined net revenue for GM and Old GM

Q1 2010 GMNA Earnings Before Interest & Taxes

($B)

Q1 2010 GME Deliveries

(000’s)

GME Share

8.9%

8.2%

8.5%

Germany Share

9.4%

8.8%

8.2%

U.K. Share

12.0%

11.2%

11.8%

Q1 2010 GME Net Revenue

Total Production (000’s)

277

266

357

($B)

Q3 2009 represents combined net revenue for GM and Old GM

Q1 2010 GME Earnings Before Interest & Taxes

($B)

Q1 2010 GMIO Deliveries

(000’s)

GMIO Share

10.3%

China Share

13.4%

13.3%

13.5%

Brazil Share

19.8%

18.7%

19.9%

India Share

3.1%

3.7%

4.2%

China

GMIO Excl.

China

Q1 2010 GMIO Net Revenue

Production (000’s)

Fully Consolidated

414

456

455

Joint Venture

491

584

605

Total

905

1,040

1,060

($B)

Q3 2009 represents combined net revenue for GM and Old GM

Q1 2010 GMIO Earnings Before Interest & Taxes

($B)

0.5

0.7

1.2

Equity

Income

Inc. Before

Int/Tax/Equity

Cash Flow

($B)

July 10 –

Sept 30

2009

2010

Net Income /(Loss)

(0.6)

(3.2)

1.2

Depreciation / Amortization

2.0

2.2

1.8

Working Capital

6.4

(2.1)

(0.7)

Pension / OPEB & Other

(4.9)

1.2

(0.6)

Net cash provided/(used)

operating activities

2.9

(1.9)

1.7

Capital Expenditures

(0.9)

(1.0)

(0.7)

Free Cash Flow

2.0

(2.9)

1.0

Depreciation / Amortization & Cap Ex

($M)

July 10 –

Sept 30

2009

2010

GMNA

1,348

1,384

1,174

GME

401

551

384

GMIO

170

277

194

Corp / Other

Total Depreciation &

Amortization

1,985

2,256

1,803

Capital Expenditures

881

1,033

755

Key Balance Sheet Items

($B)

December 31

2009

March 31

2010

Cash & marketable securities*

36.2

35.7

Key Obligations:

Debt

15.8

14.2

Preferred Stock

7.0

Underfunded Pensions

27.5

26.9

Underfunded OPEB

9.6

9.4

* Includes UST & Canadian HC Trust Restricted Cash

Summary

•

Profitable, and positive cash flow

•

U.S. y-o-y 4-brand share up & average retail incentive

down, GMNA breakeven substantially lowered

•

Well positioned to grow profitably in GMIO

•

More work to do in GME

•

Making progress on designing, building and selling the

world's best vehicles

General Motors Company

Select Supplemental Financial Information

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Operating Income Walk to EBIT-

Adj

($ Billions)

Jul 10 –

Sep 30

2009

2010

Operating Income

(1.0)

(3.9)

1.2

Equity Income

0.2

0.3

0.4

Non-Controlling Interests

(0.3)

(0.2)

(0.1)

Non-Operating Income/(Expense)

0.4

(0.2)

0.3

Earnings Before Interest & Taxes

(0.7)

(4.0)

1.8

Less Adjustments

(0.1)

(3.0)

0.1

EBIT-

Adj.

(0.6)

(1.0)

1.7

Detail of Adjustments

($M)

July 10 –

Sept 30

2009

2010

Earnings Before Interest

& Taxes (EBIT)

(741)

(4,046)

1,824

Less Adjustments

Gain on Saab Sale

123

VEBA Settlement

(2,571)

GMAC Investment Impairment

(270)

Delphi Related

(110)

(150)

CAMI Debt Ext.

(101)

Total Adjustments

(110)

(3,092)

123

EBIT –

Adj.

(631)

(954)

1,701

Restructuring Excluded From Adjustments

($M)

July 10 –

Sept 30

2009

2010

GMNA –

Dealer Related

(187)

(88)

(18)

GMNA –

Non-Dealer Related

134

(208)

Total GMNA

(53)

(296)

Total GME

(9)

(28)

(273)

Total GMIO

(27)

(56)

Total

(89)

(380)

(194)

GMIO Joint Ventures

Shanghai -

SAIC -

Wuling

FAW -

GM -

Daewoo

Ownership

49%

34%

50%

70%

Deliveries

100%

Market

100%

Revenue

100%

Earnings

49%

Equity Income

34%

Equity Income

50%

Equity Income

70%

After adj. for Non-

Controlling Interest

General Motors Co - FORM 8-K - EX-99.2 - CHARTS FURNISHED TO SECURITIES ANALYSTS - May 20, 2010

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