Q2 2020 RESULTS July 29, 2020 Cadillac LYRIQ (Pre-production model - PowerPoint PPT Presentation

Q2 2020 RESULTS July 29, 2020 Cadillac LYRIQ (Pre-production model shown)

INFORMATION RELEVANT TO THIS PRESENTATION rd-Looking Statements: This presentation and related comments by management may include “forward - looking statements” within the Cautionary ry Note on Forw rward meaning of the U.S. federal securities law. Forward-looking statements are any statements other than statements of historical fact. Forward-looking statements represent our current judgement about possible future events and are often identified by words such as “aim”, “anticipate,” “appears,” “approximately,” “believe,” “continue,” “could,” “designed,” “effect,” “estimate,” “evaluate,” “expect,” “forecast,” “goal,” “initiative,” “intend,” “may,” “objective,” “outlook,” “plan,” “potential,” “priorities,” “project,” “pursue,” “seek,” “should,” “target,” “when,” “will,” “would,” or the negative of any of those words or similar expressions. In making these statements we rely upon assumptions and analysis based on our experience and perception of historical trends, current conditions and expected future developments, as well as other factors we consider appropriate under the circumstances. We believe these judgements are reasonable, but these statements are not guarantees of any future events or financial results, and our actual results may differ materially due to a variety of important factors, both positive and negative. Many of these factors are described in our Annual report on Form 10-K and our other filings with the U.S. Securities and exchange Commission. We caution readers not to place undue reliance on forward-looking statements. Forward-Looking statements speak only as of the date they are made, and we undertake no obligation to update publicly or otherwise revise any forward- looking statements, whether as a result of new information, future events or other factors that affect the subject of these statements, except where we are expressly required to do so by law. : See our Annual Report on Form 10-K for the fiscal year ended December 31, 2019 and our subsequent filings with the Securities and Non-GAAP Financial Measure res: Exchange Commission for a description of certain non-GAAP measures used in this presentation, including EBIT-adjusted, EPS-diluted-adjusted, ETR-adjusted, ROIC- adjusted and adjusted automotive free cash flow, along with a description of various uses for such measures. This presentation also includes GMF’s return on tangible common equity, which is used by GMF’s management and can be used by investors to measure GMF’s contribution to GM’s enterpris e profitability and cash flow. Return on tangible common equity is calculated as GMF’s net income attributable to common shareholder for the trailing four quarters di vided by GMF’s average tangible common equity for the same period. Our calculation of these non-GAAP measures are set forth within these reports and the Select Supplemental Financial Information section of this presentation and may not be comparable to similarly titled measures of other companies due to potential differences between companies in the method of calculation. As a result, the use of these non-GAAP measures has limitations and should not be considered superior to, in isolation from, or as a substitute for, related U.S. GAAP measures. When we present our total company EBIT-adjusted, GMF is presented on EBT-adjusted basis. : In this presentation and related comments by management, references to “record” or “best” performance (or similar statements) refer to General Additional Inform rmation: Motors Company, as established in 2009 on a continuing operations basis. In addition, certain figures included in the charts and tables in this presentation may not sum due to rounding. 2

ACCELERATING TRANSFORMATION TO SEIZE OPPORTUNITIES LEADIN LEADING T G TRUCK CK AND SU AND SUV MA MARKET ET SHAR SHARE, E, WITH ITH GROW GROWING ING > STRONG A STRO NG AND GROW ND GROWING F ING FRANCH RANCHISES ISES HEAVY HEAVY-DU DUTY TY MA MARKET ET SHAR SHARE LEADING IN F LEADING IN FUTURE OF MOBILITY UTURE OF MOBILITY UPCOMING CADILLAC COMING CADILLAC LYRIQ LYRIQ AND G AND GMC MC HUMMER HUMMER EV EV, , DE DEMONST MONSTRATE COMMITMENT ATE COMMITMENT TO AN ALL TO AN ALL-ELECTRIC ELECTRIC FU FUTU TURE EXPECT EX ECT TO TO AC ACHIEV HIEVE E TRA TRANSF NSFORM ORMATION ATION COST SAV COST SAVING INGS S AND AND DEMONS DEM ONSTRATED TRATED TRACK TRACK RECORD RECORD OF OF > STREAM STREAMLINE LINED D INT INTERNATIONAL ERNATIONAL OP OPERA ERATIO TIONS NS STRENGTHENING BU STRENGTH ENING BUSINESS SINESS & & $20 B $2 BILLION ILLION AL ALLOC LOCATED TO ELEC ATED TO ELECTR TRIC IC AND A AND AUTON UTONOMOUS OMOUS INVES INVESTING IN THE TING IN THE FUTU FUTURE RE VEHICLE PROGRA EHICLE PROGRAMS MS BETWEEN 2 BETWEEN 2020 AND 20 AND 2025 2025 MA MAINT INTAIN AIN TAR TARGET GET AUTO AUTOMOTIV MOTIVE E LIQU LIQUIDI IDITY TY OF OF $30 $30B B - $35 $35B FLEXIBILITY IN DOWNTURN, FLEXIBILITY IN DOWNTURN, > DISCIPLINED CAPITAL ALLOCATION & DISCIPLINED CAPITAL ALLOCATION & Q2 Q2-20 R 20 RESU ESULTS AFF LTS AFFIRM IRM GMNA GMNA EBIT EBIT-ADJ. ADJ. BR BREAK EAKEV EVEN EN OF OF U.S. .S. SAA SAAR 10 10-11M 11M UNIT NITS AND S AND GLOBAL GLOBAL FCF FCF BR BREAK EAKEV EVEN EN LEV LEVEL OF EL OF FOCUS ON CA FOCUS ON CASH SH GENERATION GENERATION U.S. .S. SAA SAAR 13M 13M UNIT NITS 3

SECOND QUARTER PERFORMANCE EPS-DILUTED-ADJ. ADJ. AUTO FREE CASH FLOW EPS-Diluted-Adj.; EBIT-Adj. & Margin • Lower primarily due to the impact of COVID-19 on $1.64 volume, partially offset by our cost actions ($0.50) • Q2-20 EPS-diluted-adjusted includes $0.08 benefit ($9.0)B Adj. Auto from PSA revaluations; Q2-19 EPS-diluted-adjusted Free Cash Flow impact ($0.01) from Lyft and PSA revaluations Q2-19 Q2-20 ($11.6)B YOY Adj. Auto Free Cash Flow • Lower primarily due to the volume impact of COVID-19 on earnings and the unwind of working capital and sales allowances, partially offset by lower capital expenditures EBIT-ADJ. 1 & EBIT-ADJ. MARGIN 1 SHARE & DELIVERIES Share & Deliveries • Global: Overall market share increased YOY primarily due to changes in the mix of industry 10.9% • GMNA: U.S. market share nearly flat YOY, primarily 8.4% Market Share +30bps YOY due to the elimination of cars offset by improved retail (3.2)% pickup truck sales $3.0 1.5M ($0.5) • China: Market share decreased slightly YOY primarily Deliveries (0.5)M YOY due to segment shifts and the slower rate of adoption Q2-19 Q2-20 of new fuel-efficient technology 4 1 See slide 20 for description of special items.

EBIT-ADJUSTED In $B Q2-2019 Q2-2020 $3.0 $3.0 $0.5 $0.2 ($0.0) ($0.1) ($0.2) ($0.2) ($0.2) ($0.3) ($0.3) ($0.5) GMNA GMI GM Financial Cruise Corp/Elims Total Company 2021 Cadillac Escalade ESV 5

SECOND QUARTER EBIT-ADJUSTED PERFORMANCE In $B Performance/Other: 1.5 $3.0 FX: (0.3) GMNA: (539)k $1.5 GM Financial: (0.3) $0.9 GMI: (169)k Lyft & PSA: 0.2 ($0.5) ($0.6) ($0.8) ($4.6) Q2 2019 Volume Mix Price Cost Other Q2 2020 Volume / Mix GMNA: Lower volume and unfavorable mix due to the production stoppage as a result of COVID-19 Price GMNA: Favorable pricing primarily as a result of disciplined incentives on our light-duty pickup trucks and crossovers as well as strong pricing on our all-new crossovers Cost GMNA: Favorable cost performance primarily as a result of the continued benefits from our transformation actions, austerity measures and timing Other GMNA: Unfavorable FX primarily due to foreign currency effect resulting from the weakening of the Mexican Peso against the U.S. Dollar GMF: Lower due to higher credit provision expense and accelerated depreciation expense due to reduced residual values, both primarily related to COVID-19 6

GMNA PERFORMANCE EBIT-ADJ. ($B) NET REVENUE ($B) 870 10.7% 10.8% 801 775 8.5% 684 331 $3.0 $3.0 1.2% $28.3 $28.0 $25.8 $22.7 $2.2 (0.9)% GMNA: $11.6 $0.3 ($0.1) - - - • GMNA EBIT-adj. near Q2-19 Q3-19 Q4-19 Q1-20 Q2-20 Q2-19 Q3-19 Q4-19 Q1-20 Q2-20 breakeven even with a 62% YoY decline in Wholesales EBIT-Adj. Margin wholesales AVG. U.S. RETAIL INCENTIVE ($/UNIT) U.S. DEALER INVENTORY (000’S) 1 • Our U.S. inventory levels remain lean at 1.20 809 760 ~480 thousand units 668 616 1.13 as of July 25 th 1.12 1.12 444 1.07 $4,690 $5,188 $5,436 $5,478 $5,484 Q2-19 Q3-19 Q4-19 Q1-20 Q2-20 Q2-19 Q3-19 Q4-19 Q1-20 Q2-20 Avg. U.S. Retail Incentive as a % of ATP - GM% / Industry % 7 Note: Incentive & ATP information based on J.D. Power and Associates Power Information Network (PIN) data. 1 Amounts as of quarter end.

GMI PERFORMANCE GMI EBIT-ADJ. EX. CHINA EI ($B) GMI NET REVENUE ($B) 259 268 232 191 ($0.3) ($0.3) ($0.4) ($0.4) ($0.4) - $4.4 $4.0 $3.8 - - 90 $3.3 - (7.0)% (8.1)% - (9.1)% - (11.7)% $1.7 - - - (26.2)% - - Q2-19 Q3-19 Q4-19 Q1-20 Q2-20 Q2-19 Q3-19 Q4-19 Q1-20 Q2-20 Wholesales EBIT-Adj. margin from GMI exc. China EI GMI EBIT-ADJ. ($B) 1 GMI (ex. China): ($0.0) - ($0.1) ($0.1) • Q2 GMI ex. China EBIT-adj. lower YOY primarily due to the - - impact of COVID-19, partially offset by the continued ($0.3) - benefits from our transformation actions and austerity - measures - ($0.6) - Q2-19 Q3-19 Q4-19 Q1-20 Q2-20 8 1 Includes China EI.