AUSTRALIA

Opening Introductions Alstom Corporate Overview Alstom Industrial Products Australian Fusegear Business GE Power Controls

Agenda

ALSTOMthe global specialist in energy and transport

infrastructure

Sales $37 Billion

Employees 120,000in 70 countries

Key Figures 2000/2001

A year of progress and transformationA year of progress and transformation

North America

20%

Central & South

America7%

Africa & Middle East

8%

Asia Pacific15%

European Union45%

Rest of Europe

5%

Sales by Region

Sales 2000/2001

Significant presence in the Asia-Pacific RegionSignificant presence in the Asia-Pacific Region

N° 1 in turnkey power plants

N° 2 or N°3 in gas turbines

Largest installed base: 650,000 MW

Power

Sales ofA$21 billion

20% Market Share Worldwide20% Market Share Worldwide

Transport N° 1 in:

Metro trains,High Speed Trains, Tilting trains,EMU trains,Double-Deck trains,Train propulsion systems

N° 2 in: Signaling,DMU trains

Services: 25% of sales

Sales of A$7.5 billion

18 % Market Share Worldwide18 % Market Share Worldwide

MarineN° 1 in cruise shipsLNG carriers

Order for Queen Mary 22,620 passengers15 decks1,483 cabins1,253 crew members30 knots

* share of cruise ship deliveries 1999 - 2002 based on number of cabins

Sales of A$3 billion

32% Market Share Worldwide32% Market Share Worldwide

Transmission & Distribution

N° 1 in:High Voltage SwitchgearEnergy Management Systems

N° 2 in:Protection and Control SystemsTurnkey SubstationsMedium Voltage Equipment

13% Market Share Worldwide13% Market Share Worldwide

Sales of A$4.8 billion

AUSTRALIA

ALSTOM in Australia andNew Zealand

Group Technology Applied Locally

AUSTRALIA

Order intake in Australia

436

524 74

2

774

501

1508

478

0200400600800

100012001400160018002000

1997 1998 1999 2000 2001

1275

1986(A$ Million)

(The upper red portions of the 2000 and 2001 graphs represent the contribution from ALSTOM Power)

AUSTRALIA

Sales in Australia

488

497

558

620

377

694

506

0

200

400

600

800

1000

1200

1997 1998 1999 2000 2001

997

1200(A$ Million)

(The upper red portions of the 2000 and 2001 graphs represent the contribution from ALSTOM Power)

AUSTRALIA

Employees (As at March 2001)

TOTAL New Zealand

1,080

Total: 3,702 people

TOTAL Australia 2,622 0

500

1000

1500

2000

2500

3000

1999 2000 2001

Empoyees Growth

AustraliaNew Zealand

AUSTRALIA

ALSTOM Power - Gas & SteamTaranaki Power Station265 MW

Pelican Point360 MW gas turbine

Collie Power StationSteam Turbine Hall

Collie Power Station330MW Coal Fired

AUSTRALIA

ALSTOM Power - IndustrialLadbroke Grove40MW

Redbank Power Station128MW

Murrin Murrin Anaconda Nickel

Rocky Point30MW

Bulwer Island2x13MW

AUSTRALIA

ALSTOM Power - Customer ServiceMaitland Workshop

Refurbishment facility

Moonah Workshop Facility

AUSTRALIA

New Hillside Trains, X’TRAPOLIS29 x six-car sets

Transport31 New Yarra Trams, CITADIS

Chullora WorkshopsJoint Venture with Rail Infrastructure Corporation

AUSTRALIA

Contracting - Projects

Completed Projects: Sydney Harbour Tunnel North Bridge Tunnel, Perth Eastern Distributor, Sydney

Road Tunnels: Mechanical, Electrical Fitout and Control Systems

Under Construction: M5 East Freeway, Sydney Inner City Bypass, Brisbane Kwinana Bus Transitway, Perth Sydney Harbour Tunnel Upgrade

AUSTRALIA

Distribution & Trading

Information Technology Entreprise Management Centre National Training Centre e-Business Solutions

AUSTRALIA

T & D, Projects - Turnkey Systems

Rowville 500 kV Substation Armidale SVC Burrinjuck Molong Substation Transend/Creek Road Aurora/West Hobart AGL 275kV Hallett

AUSTRALIA

Transformer Manufacture: 50% Export Protection & Control Low, Medium and High Voltage Switchgear

T & D - Products

AUSTRALIA

Network Services Substation & Transmission Maintenance

•Live Line Working•OPGW installation

Maintaining one third of the Victorian SPI Powernet Network

AUSTRALIA

Network Services Telecommunications Services

Fibre Optic Lines Installation and Repair