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Frontier enterprising: GE’s experience
with building business in Mongolia
Mark Hutchinson
President & CEO
GE Mongolia
2
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
Mongolia Today … Mega Trends
Substantial infrastructure needs
Renewable energy
policies supported
Mongolia’s mining sector and
rapid urbanization will drive
economic growth
4
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
5
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
6
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
7
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
3
Mining Transportation Energy Healthcare Lighting
10.29-31.2012, PRESENTATION, Frontier enterprising GE's experience with building business in Mongolia, Mark Hutchinson

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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
  • 2. 2 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
  • 4. 4 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
  • 5. 5 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
  • 6. 6 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
  • 7. 7 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 3 Mining Transportation Energy Healthcare Lighting