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10.29-31.2012, PRESENTATION, Frontier enterprising GE's experience with building business in Mongolia, Mark Hutchinson
1. Frontier enterprising: GE’s experience
with building business in Mongolia
Mark Hutchinson
President & CEO
GE Mongolia
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Mongolia Investment Summit
October 31, 2012
Energy Management
GE today
~$147B Revenue $14.8B operating earnings
$12.1B cash flow
GE Capital
Home & Business Solutions
Healthcare
Aviation
Transportation
Oil & Gas
Power & Water
• About 300,000 employees
worldwide
• Operating in more than
150 global locations
3. Mongolia Today … Mega Trends
Substantial infrastructure needs
Renewable energy
policies supported
Mongolia’s mining sector and
rapid urbanization will drive
economic growth
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Mongolia Investment Summit
October 31, 2012
Huge demand:
- 1800 km of new railways will
be built in next 10 years
- Country demand for 200-300
locos in next 10-20 years
GE Fleet (17 units at the UBTZ):
Performance
Productivity
Operating cost
MiningTransportation
1) Support Mongolia’s needs
- Increasing demand for
diagnostic imaging equipment
- GE delivered its first Optima CT
660, Brivo MR355 and AMX4+
- Other potentials:
PET CT
Other diagnostic imaging
equipment
Healthcare education
- Fast growing mining market
(coal, copper, gold, iron)
- Exports will reach about 80-100
MM tons in 15-20 years
- GE will provide solutions for
power generation and industrial
equipment:
Local service facilities
Financial support
Water treatment and dust
control
GE is committed to providing solutions and
products that answer Mongolia’s needs
Healthcare
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Mongolia Investment Summit
October 31, 2012
2) Build strategic partnerships
• GE values its partnership with Newcom one
of leading infrastructure investment
companies in Mongolia;
• Cooperation in energy/wind, transportation,
healthcare, aviation and mining;
• GE and Newcom share same corporate
values and culture, such excellence,
integrity, high standards of leadership &
business practices;
• GE is committed to support Newcom’s
future projects: 300 MW wind park in Gobi,
Asia Super Grid (ASG), CHP#5 in UB;
With local partnerships, GE is well positioned to
support long term growth in Mongolia
N E W C O M G R O U P
Memorandum of Understanding
(MOU) with Newcom signed 2010
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Mongolia Investment Summit
October 31, 2012
Current GE project:
SALKHIT WIND FARM:
• Mongolia’s first grid connected
wind farm
• Construction started in May
2012
• Renewable energy that saves
coal, reduces C02 emissions and
conserve clean water.
• Mongolia’s demand for power is
expected to double in 10 years
with strong growth in mining and
rapid urbanization,
• Salkhit wind park will generate
5% of Mongolia’s electricity
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Mongolia Investment Summit
October 31, 2012
Sustainable growth in and with
Mongolia
2
Mega trends in Mongolia for mega opportunities
Country’s needs hit GE’s strengths and “sweet spots”
Create win-win relationships with local partners
1
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Mining Transportation Energy Healthcare Lighting