~ WITHAV— DHIVYA SURYADEVARA Vice President, Corporate Finance OverviewINFORMATION RELEVANT TO THIS PRESENTATION Cautionary Note on Forward-Looking Statements This presentation ond related comments by management may include forward-looking statements ‘These statements are based on current expectations about possible future events and thus are inkerently uncertain. Our actual results may differ ‘materially fom forward-looking statements due toa variety of factors, including: ()) our abilty to deliver new products, services and experiences that attract new, and are desired by exstng, customers and to effectively compete in autonomous ride-sharing and transportation as a service: (2) sales of fullsize pick-up trucks and SUVs, which may be affected by increases in the price of ol: (3) the volatility of global sales and operations: () aggressive ‘competition, including the impact of new market entrants (5) changes i, ofthe introduction of novel interpretations of, laws, regulations or polices particularly those relating to free trade agreements, tax rates and vehicle safety and any government actions that may affect the production, licensing, distribution, pricing, orseling of our products; (6) our joint ventures, which we cannot operate solely for cur benefit and over which we may have limited contro (2) compliance with laws and regulations applicable to our industry, including those regarding fuel economy and emissions: (8) costs and risks associated with tigation and government investigations: (9) compliance with the terms of the Deferred Prosecution Agreement: (10) our ability to ‘maintain quality contro over our vehicles and avoid recalls and the cost and effect on our reputation and products; (1) the ability of suppliers to deliver parts, systems and components without disruption and on schedule; (12) our dependence on our manufacturing facies; (13) our ability to realize [production efficiencies and cost reductions: (1) our ability to succesfully restructure operations in various countries; (1) our ability to manage risks ‘related to security breaches and other disruptions to vehicles, information technology networks and systems; (16) our ability to develop captive financing capabilty through GM Financial (7 significant increases in pension expense or projected pension contributions; (18) significant changes in ‘he econemiz, political, and regulatory environment, market conditions, and foreign currency exchange rates _Afurther list and description ofthese risks, uncertainties and other factors can be found in our Annual Report on Form 10-k forthe fiscal year ended ‘December 31,2016, and ur subsequent flings with the Securities and Exchange Commission. GM cautions readers not to piace undue reliance on {forward-looking statements. GM undertakes no obligation to update publicly or otherwise revise any forward-looking statementsChairman and CEO VisionGM’S WORLD VIEW GM is committed to a future of: ZERO ZERO ZERO CRASHES EMISSIONS CONGESTION Vv TECHNOLOGY WILL HELP UNLOCK THIS FUTUREWE ARE REDEFINING THE FUTURE OF PERSONAL MOBILITY Winning adjacent Business Electric Vehicles. Autonomous Shared _Driver/Miles eraaaerana Growth. Connected Car/onstar Vehicles Mobility Driven DataWHILE PUTTING OURSELVES IN A LEADERSHIP POSITION IN THE FUTURE, WE REMAIN FOCUSED ON STRENGTHENING THE CORE EBIT-ADJUSTED MARGIN EPS-DILUTED-ADJUSTED 10% 4. sos GMtarget 87.00 ‘oe 1% $6.00 $500 °° 8% os > Lo $400 io ™% pore ast Se $3.00 He $200 CS ox $100 % 50.00 201320142015 2016 «2017E 2013-20205 2016. 20N7ESTRONG RESULTS GENERATED SIGNIFICANT CASH RETURN TO SHAREHOLDERS $25B Repurchased Returned RETURNED >25% OF SHARES >90% OF through dividends OUTSTANDING ADJ.-AUTOMOTIVE and repurchases FCF v PROOF POINTS OF DISCIPLINED CAPITAL ALLOCATIONIMPROVING THE CORE WHILE POSITIONING FOR THE FUTURE GM IS COMMITTED TO A FUTURE OF ZERO CRASHES, ZERO EMISSIONS, AND ZERO CONGESTION STRONG CORE IS THE FOUNDATION FOR INVESTING IN THE FUTURE GM IS DELIVERING ON ITS COMMITMENTS vy FOCUSED ON DRIVING LONG-TERM SHAREHOLDER VALUEMARK REUSS Executive Vice President, Global Product Development, Purchasing and Supply Chain ElectrificationOUR ELECTRIFICATION MISSION DESIRABLE, OBTAINABLE, AND PROFITABLE VEHICLES Vv DELIVERING OVER 300 MILES OF RANGEWHY WE WILL SUCCEED 20 YEARS OF EXPERIENCE STRONG with EV development Chevrolet Bolt EV performance ao OPTIMIZED AND FLEXIBLE BATTERY PACK will accommodate multiple 4 to lower cost. segments and vehicles COMMITMENT to promote EV adoption and infrastructure Vv WELL-POSITIONED TO LEAD IN ELECTRIFICATION GENERAL morons. BLEVERAGING EXISTING BEV ARCHITECTURE TO EXPAND IN NEAR TERM =p MiVEN 30% cost Larger footprint, reduction lower height Higher energy Flexible, modular density design Cell Cost Cell Cost Improved DC Fast $145/kWhr $<$100/kWhr Charge ALL-NEW EME 1.0 BATTERY PLATFORM PROVIDES FLEXIBLE PACK CONFIGURATIONS AT LOWER COST GENERAL morons. 6PATH TO PROFITABILITY Roe ene See re cand 30% Industry growth oT Platform for multiple segments Range options for customer Leverage China market Global scale, common architecture ‘Manufacturing efficiency Today'saoltNearTermEV — FutueeV with less complexity 7 DELIVERING A PROFITABLE PORTFOLIO OFF ALL-NEW PLATFORM GENERAL morons. ”EV IS THE FOUNDATION FOR AUTONOMOUS VEHICLES LEVERAGES GM ASSETS SIMPLER INTEGRATION OF TECHNOLOGIES OPTIMAL FOR URBAN ENVIRONMENT fs SUPPORTS OUR ZERO EMISSIONS FUTURE WORLD VIEW GENERAL morons 8D AMMANN President AV Strategy94% OF ALL TRAFFIC FATALITIES ARE CAUSED BY HUMAN ERRORCOMMUTERS WASTE A FULL WEEK OF THEIR LIVES IN TRAFFIC EACH YEARTHE U.S. HAS 3 NON- RESIDENTIAL PARKING SPACES FOR EVERY CAR ON THE ROADi} WE BELIEVE ALL AVs MUST BE EVsAV WILL CHANGE THE WORLD ferrite CTrE TL g Pry Eee py aie ean) = Bae appointee te Creates time husicatlandscape creation of the internet and freedom Reshapes | Multi-trillion dollar Total Saves money entire industries Addressable Market (TAM) actiniie Very significant moats GENERAL morons. PyAV BUSINESS WILL SCALE AS A MAJOR TECHNOLOGY PLATFORM Lyra LT Etat) CN Pas uC le aul (os “escape velocity” a cain PE varera Vv WE ARE WORKING FIRST ON PRODUCT — THE MOST DIFFICULT PROBLEM GENERAL morons %AV BUSINESS WILL SCALE AS A MAJOR TECHNOLOGY PLATFORM Product OPAC) v WE ARE WORKING FIRST ON PRODUCT — THE MOST DIFFICULT PROBLEMPRODUCT: OUR DEFINITION OF MINIMUM VIABLE PRODUCT (MVP) Level 4 Diy eel ee! safety Cea oe easPRODUCT: COMPLEX ENVIRONMENT = BIGGEST OPPORTUNITY Economic Opportunity Complexity of Environment v CRITICAL TO SOLVE THE MOST COMPLEX PROBLEMS TO UNLOCK TAM GENERAL morons. 3PRODUCT: THE MINIMUM VIABLE PRODUCT (MVP) BAR IS VERY HIGH GMis the only company parallel iterating a totally integrated solution , AV-specific self-driving Deep simulation HD Mapping Proprietary software “brain” capability and Routing AV sensors Sta Automotive safety a : : Cyber-security and Vehicle connectivity AV-specific core EV aSSroLay cee a electrical architecture and data collection vehicle design validation . , Customer support, Operations Large scale UX interfaces Total cost infrastructure moniter fee (in car & app) & i ill optimization v COMMERCIALLY READY MVP IS ~10,000x MORE DIFFICULT THAN AN AV DEMO. GENERAL morons. 3PRODUCT: GM IS ONLY COMPANY BUILDING AVs IN AN ASSEMBLY PLANTPRODUCT: AV VS. HUMAN DRIVER CAPABILITY — Human Capability a a Launch (MVP) Vv FOCUSED ON MAKING AV SAFER THAN A HUMAN GENERAL morons. sPRODUCT: AV VS. HUMAN DRIVER CAPABILITY — Human A a Launch (MVP) Vv SIGNIFICANTLY CHEAPER THAN A HUMAN: GENERAL morons. 6PRODUCT: AV VS. HUMAN DRIVER CAPABILITY — Human A a Launch (MVP) Vv AN IMPROVED USER EXPERIENCE AT REDUCED COST DRIVES DEMAND GENERAL morons. ”PRODUCT: AV VS. HUMAN DRIVER CAPABILITY — Human A a Launch (MVP) Vv OVERALL AV CAPABILITY WILL IMPROVE AT ~MOORE’S LAW GENERAL morons. 38AV BUSINESS WILL SCALE AS A MAJOR TECHNOLOGY PLATFORM LT First mover “escape velocit Vv BUILDING THE FIRST AV NETWORK AT SCALE CREATES A CRUCIAL MOAT1,500 iru Pr NETWORK: TRANSPORTATION AS A SERVICE (TAAS) PENETRATION IS AT VERY EARLY STAGES Rideshare 1.0 only ~0.1% OF U.S, MILES DRIVEN Traveled (B)NETWORK: FUTURE AV COST CURVE WILL UNLOCK MASSIVE TAM Pea eu CT ad Rideshare 1.0 TAM 0.5%-1.0% of miles < $20B (Today -$58) AV TAM @ $1.00 AVTAM @<$1.00 “20% of miles 75% of miles a ~$750B ~$1.6T (?300x hdl € Most expensive Vehicle Miles Traveled Distribution Least expensive >PRODUCT: INDICATIVE PER MILE UNIT ECONOMICS COMPARISON Rideshare 1.0 (San Francisco) ON Crust} Mostly depreciation/ Costto operations expense Passenger Mostly drver/ passenger $150 <$150 incentives E 22. — (60.25) TNCRevenue TNC Cost TNC PBL AVRevenue AV Cost AVRIL Vv EARLY AV ALLOWS 40% DISCOUNT TO CUSTOMER WITH BETTER P&L GENERAL morons. *NETWORK: DRIVERS OF COST REDUCTION I orcs yee Loe Decrease LIDAR by Increase by Increase by 99% ~3x-4x ~2x-3x Significant reductions in Aircraft maintenance, from initial to optimal compute platform cost repair, overhaul model Battery cell cost <$100/kWh Vv A PATH TO WELL UNDER $1 PER MILE COST BY 2025 GENERAL morons. 40NETWORK: MAXIMIZING UTILIZATION Fleet size HOURSIN A DAY v UTILIZATION MAXIMIZED BY MULTIPLE USE CASES GENERAL MoroRs Souce NHTSA 2009Hoeols Tae Suney ieNETWORK: A DIFFERENT KIND OF NETWORK EFFECT Rideshare 1.0 is not winner takes all Rideshare 2.0 is a totally different dynamic arent Differentiated and continuously improving Undifferentiated and static product Tn oe Common pool of supply across networks Full control over supply Very high it ialli Lot customer aid driver switching sts ery high bares to commercially ready Static cost model Sharply declining cost curve s RIDESHARE 2.0 IS NOT SIMPLY AN EXTENSION OF RIDESHARE 1.0 GENERAL morons. 8lene Cress eras} Teed POWERFUL FIRST ies MOVER ADVANTAGE TT erie « per Pru) ferrin) (rg REET Td | & Capacity | ariel Control aaNETWORK: REGULATORY ENVIRONMENT FEDERAL STATE Federal legislation and regulations for 21 states enacted legislation and Governors Automated Driving Systems (ADS) 2.0 in five states have issued executive orders are focused on encouraging related to AVs. Eight states already allow safe deployment of AVs driverless AVs, and other states are considering steps to facilitate commercial development of driverless AVs v GM BELIEVES REGULATIONS WILL SUPPORT SAFE DEPLOYMENT OF AVsNETWORK: SAFETY IS THE GATING METRIC Drive Performance (log cae) Human performance in complex environment ay a7 Today Time v BASED ON OUR CURRENT RATE OF CHANGE, WE EXPECT COMMERCIAL LAUNCH AT SCALE IN DENSE URBAN ENVIRONMENTS IN 2019 GENERAL morons. aAV BUSINESS WILL SCALE AS A MAJOR TECHNOLOGY PLATFORM ECSU) World’s largest Cem eet escort Vv THE FIRST MOVER ADVANTAGE OPENS OPPORTUNITY TO BECOME A PLATFORM GENERAL morons. 2NETWORK CAN BECOME WORLD’S LARGEST INTERNET OF THINGS PLATFORM [il seimproverent Data monetization Forecast services subscribers Other Taas, (Logistics companies) operators & aN insured incident Infrastructure evaluation Cy planning (auto insurers) = penta > [Governments Pea ceed oer) Por ard evel Last mile video capture Peer) delivery a > efficiency ee leon eTeg pe (Logistics etc SELF-IMPROVING ee companies) Ecommerce networks access (Bat companies) < Electricity NETWORK AND MOBILE demand Infrastructure DATA INGESTION Daud Other optimization ooo epee Pete cae ; Coes] of transit .OUR UNIQUE APPROACH ONLY FULLY INTEGRATED DEVELOPER OF AVs WITH TRUE SCALE CAPABILITY TOTALLY FOCUSED ON ACHIEVING SAFE FULLY DRIVERLESS DEPLOYMENT AS SOON AS POSSIBLE IN A COMPLEX URBAN ENVIRONMENT POSITIONED TO DEPLOY AT SCALE IMMEDIATELY THEREAFTER SIGNIFICANT MOAT AND FIRST MOVER ADVANTAGE POST SCALE DEPLOYMENT vy GM IS IN THE LEADExecutionAV TECHNOLOGY: PHILOSOPHY ACCELERATE TIMELINE TO FIRST MAJOR DRIVERLESS DEPLOYMENT DEPLOY IN KEY MAJOR METRO-AREAS TO DISRUPT. INCUMBENTS AND DEVELOP COMPETITIVE MOATS SCALE TO DRIVE DOWN COSTS AND RAPIDLY DEPLOY IN ADDITIONAL MARKETS CONTEMPORANEOUSLY, BUILD THE WORLD'S BEST ENGINEERING TEAM AND CONTINUOUSLY IMPROVE PRODUCT AT UNMATCHABLE RATETALENT IS THE FOUNDATION Nina arent 2,100 Chief Technology Officer - from Uber ab Chief HR Officer — from Netflix 1200%ineeore SSS « =i Head of Mapping Operations — from Google The “Jeep” Hackers 2016 Vv WORLD CLASS TEAM IN CRUISE, WARREN, AND ISRAEL IS DRIVING DEVELOPMENT GENERAL morons. 2THE SELF-DRIVING HIERARCHY OF NEEDS ntertain face erie aug Working on these Cea cry concurrently Get me where | want to go eee Vv FOCUSED ON SAFELY GETTING CUSTOMERS WHERE THEY NEED TO GOPRODUCT: DEVELOPING THE MVP Av-specific Core EV platform ven Roden Operations Large scale UX interfaces Fe eee SPO Total cost infrastructure production readiness (in car & app) ‘onstar) optimization Vv ALL COMPONENTS NEED TO BE DEVELOPED FOR A SUCCESSFUL LAUNCH GENERAL morons. aEee se asym (Se se Peco CT pa 2 rae cereal eens eed reed SELF-DRIVING SOFTWARE “BRAIN” Cee rare “Takes an entire ecosystem of technologies to launcha fleet of selfdriving cars, ‘Must work flawlessly together to deliver outstanding quality, performance, and cost (Mastery of AV tequites best-in-class performance actoss second-tier domains Localization Machine Learning (ML) Controls Planning Mapping Networking Perception Remote Assistance simulation Safety Dispatch & Routing Test Driving Behavioral Control GENERAL morons. aEee se asym (Se se Peco CT pa 2 rae cereal eens eed reed SELF-DRIVING SOFTWARE “BRAIN” Pe ttc ketal eae ‘MLapproaches do not on their own satisfy all safety, performance, and reliability constraints Using ML in defined and modular tasks that can be trained results in better performance over previous heuristic systems Use ML when state-of-the-att performance is required; heuristic based approaches to prototype ual vehicle orientation Traffic light detection is eee oe sary Se OO Visual classification LIDAR segmentation Vv WE USE MACHINE LEARNING WHERE IT SAFELY PROVIDES VALUE GENERAL morons. 8DEEP SIMULATION CAPABILITY Three simulators for deep testing Running 150 simulations per minute Realistic sensor data Empowering Machine Learning “Run ~500 simulations prior to merging SIMULATION ENABLES RAPID IMPROVEMENT GENERAL morons oHD MAPPING AND ROUTING Labeling Utilize proprietary mapping vehicle Combination of automated and manual ‘AVs update the map in real time —eaiaGiaii tools to ensure high accuracy labels ‘Accuracy within 3cm see heey Routes adjusted based on AV data Coripletedin coud enabling scale Accepts other data such as traffic, Compiled using LIDAR scans, camera images, cellular coverage maps, and Overlaystrafficsignals in 3D spaceand —_accident locations, construction, etc. other sources lane markers Vv A NEW CITY CAN BE MAPPED IN ~6 MONTHS GENERAL morons 6PROPRIETARY AV SENSORS + Effective range: Ix a itly Available LIDAR * Cost: ~$20,000 — eee EES + uate =z eee + tapectdffectve range: “1254 + cox", 000 strobe + cM +crise | Retadffctvernge.-254 v STROBE ACQUISITION ENABLES SIGNIFICANT PERFORMANCE IMPROVEMENT AND COST REDUCTIONAen ee ee es eee AV SPECIFIC REDUNDANT HARDWARE SYSTEMS —— Sx LIDAR: build a comprehensive 3 dimensional view of 1x cameras: detect and tack ‘the world trafficlights, pedestrians / cyclists, ree space, and other features 2x articulating RADARS. wide field ‘of view without compromising range for unprotected turns double parked vehicles, and ‘minor-major intersections ‘8x RADARS: detect vehicles and velocities at long ranges 10x ultra-short-range RADARS: low-cost sensing for objects close to the vehicle 40% OF THE CONTENT IS UNIQUE VS THE BOLT EV GENERAL morons. o