GE Aerospace (HAM:GCP)
€ 155.5 -1.5 (-0.96%) Market Cap: 165.90 Bil Enterprise Value: 164.36 Bil PE Ratio: 53.57 PB Ratio: 5.99 GF Score: 61/100
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General Electric Co at Goldman Sachs Industrials and Materials Conference Transcript

May 15, 2019 / 02:20PM GMT
Release Date Price: €45.11 (+3.29%)
Jamie S. Miller
General Electric Company - Senior VP & CFO

Yes. I thought I'd probably start by just giving some context both on this year as well as first quarter. So first, as we really launched this year, we're focused on 2 main priorities in the company, improving our financial position and really strengthening or changing how we're running the businesses in GE.

And you know that on the improving our balance sheet element on this, we've got 2 targets really squarely in front of us. The first is achieving less than 2.5x net debt to EBITDA in our Industrial businesses by 2020. The second is achieving less than 4x debt to equity in GE Capital in that same time frame. And we've announced a number of actions in the first 5 months of the year to really -- to proceed along that path. And I think we see a very strong path towards achieving those.

First, about the BioPharma sale, $20 billion of proceeds. We still expect that to close fourth quarter, maybe in the first quarter of next year. We closed the Transportation merger, $2.9 billion of cash upon close. Importantly, last week, we

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