General Motors : Earnings Deck Q1 2022

Q1 2022 Results

April 26, 2022

2024 CHEVROLET EQUINOX EV

Information Relevant to This Presentation

Cautionary Note on Forward-Looking Statements: This presentation and related comments by management may include "forward-looking statements" within the meaning of the U.S. federal securities laws. 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, many of which are described in our most recent Annual Report on Form 10-K and our other filings with the 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.

Non-GAAP Financial Measures: See our most recent Annual Report on Form 10-K and our other filings with the Securities and 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 enterprise profitability and cash flow. Return on average tangible common equity is calculated as GMF's net income attributable to common shareholder for the trailing four quarters divided 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.

Additional Information: In this presentation and related comments by management, references to "record" or "best" performance (or similar statements) refer to General 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

Investment Opportunity

ATTRACTIVE REVENUE GROWTH

> Expect to double revenue to $275B-$315B by 2030

• ▪ ~50% CAGR on software and new businesses

• ▪ 4-6% CAGR from strong core auto business

SIGNIFICANT MARGIN EXPANSION

> Expect to expand margins to 12%-14% by 2030

• ▪ Auto margin expansion as EVs scale and battery costs decline

• ▪ New businesses margins in excess of 20%

COMPELLING PLATFORMS

WORLD-CLASS MANUFACTURING CAPABILITIES

>

Ultium is a key enabler in launching high-volume EV products into luxury, SUV and truck segments

> Ultifi will help open up $20B-$25B in annual software and services revenues by 2030

>

Cruise is inviting members of the public to sign up for driverless rides - this major milestone brings Cruise closer to generating $50B in annual revenue by the end of the decade

• > North America EV capacity of 1M+ by the end of 2025 from five announced EV assembly plants

• > Announced significant battery capacity across 4 battery cell manufacturing plants

• > Consolidating semiconductor purchases into three families co-developed, sourced and built with leading manufacturers

Leveraging the Ultium Platform

BRIGHTDROP ZEVO 6001 - available

GMC HUMMER EV PICKUP - available

CADILLAC LYRIQ - in production

GMC HUMMER EV SUV - early 2023

CHEVROLET EQUINOX EV - fall 2023

• 1 Renamed from EV600

  CHEVROLET SILVERADO EV2

• 2 Work Truck available to fleet customers spring 2023; RST available fall 2023

GMC SIERRA EV

Accelerating our All-Electric Future

LYRIQ Launch

> Production of the

Cadillac LYRIQ began at

Spring Hill in Q1 > Cadillac will begin taking

additional orders on May

19 - reservations for the

Debut edition were filled

in ~10 minutes last

summer

GMC HUMMER EV

> Launched the GMC

HUMMER EV Pickup in Q4 2021 and accelerating production throughout 2022 and into 2023 > GM has received more than 70K reservations for the Pickup and SUV

Honda Collaboration

> Announced plans to codevelop a series of affordable EVs for North America, China, and South America based on a new global architecture using next-generation Ultium battery technology

BrightDrop

> BrightDrop is scaling up for production later this year at the CAMI facility in Ontario, and is building on its early momentum with customers like FedEx, Verizon, and Merchants Fleet