General Motors Financial 8K GM Financial Reports June Quarter Operating Results | ACF 25 Jul 13

July 25, 2013

Quarter 2013 Earnings Call

Exhibit 99.2

Safe Harbor Statement

This presentation contains several “forward-looking statements”. Forward-looking statements are

those that use words such as “believe”, “expect”, “anticipate”, “intend”, “plan”, “may”, “likely”,

“should”, “estimate”, “continue”, “future”

or other comparable expressions. These words indicate

future events and trends. Forward-looking statements are General Motors Financial Company,

Inc.’s (the “Company’s”) current views with respect to future events and financial performance.

These forward-looking statements are subject to many assumptions, risks and uncertainties that

could cause actual results to differ significantly from historical results or from those anticipated by

the Company. The most significant risks are detailed from time to time in the Company’s filings and

reports with the Securities and Exchange Commission, including the Company’s Report on Form

10-K

for

the

year

ended

December

31,

2012.

Such

risks

include

but

are

not

limited

our

ability

to close the acquisition of the remaining portions of Ally Financial Inc.’s international operations and

integrate those operations that we have yet to acquire into our business successfully, changes in

general economic and business conditions, GM’s ability to sell new vehicles in the areas in which

we operate in North America, Europe and Latin America that we finance, interest rate fluctuations,

our financial condition and liquidity, as well as future cash flows and earnings, competition, the

effect, interpretation or application of new or existing laws, regulations, court decisions and

accounting pronouncements, the availability of sources of financing, the level of net credit losses,

delinquencies and prepayments on the loans and leases we originate, the prices at which used cars

are sold in the wholesale auction markets, changes in business strategy, including acquisitions and

expansion of product lines and credit risk appetite, and significant litigation. If one or more of these

risks of uncertainties materializes, or if underlying assumptions prove incorrect, actual events or

results may differ materially. It is advisable not to place undue reliance on the Company’s forward-

looking

statements.

The

Company

undertakes

obligation

to,

and

does

not,

publicly

update

revise any forward-looking statements, except as required by federal securities laws, whether as a

result of new information, future events or otherwise.

GM Financial Operations

Provide a full spectrum of financing solutions for GM dealers with a focus

at June 30, 2013

Existing markets

Acquired markets

Markets pending close

on specific market segments that are at times underserved

Key Metrics –

June 2013 Quarter

($MM)

North

America

International

Total Co.

Earnings Before Tax

$213

$43

$264

(3)

Ending Earning Assets

$15,198

$11,035

$26,233

Total Originations

(Loan & Lease)

$2,185

$1,117

$3,302

GM as a % of Total Originations

58.8%

86.0%

68.0%

Annualized Net Credit Loss as a % of Avg.

Consumer Finance Receivables

2.1%

0.3%

1.4%

United States and Canada

Beginning April 1, 2013, Germany, the United Kingdom, Italy, Sweden, Switzerland,

Austria, Belgium, the Netherlands, Chile, Colombia, Mexico, Spain, Greece and beginning

June 1, 2013, France and Portugal

Reflects net impact of intercompany allocations

North America –

GM and GMF Penetration Statistics

Industry Average

(excluding GM)

Sep-10

Jun-13

Sep-10

Jun-13

Sales Penetrations

U.S. Subprime Loans

4.8%

8.6%

4.6%

6.4%

U.S. Leases

8.6%

20.0%

20.5%

24.3%

Canada Leases

2.1%

9.2%

13.8%

21.2%

GM / GMF Linkage

GM as % of GMF Loan and Lease Originations

(GM New / GMF Consumer Loan & Lease)

15.7%

58.8%

GMF as % of GM U.S. Subprime

27.6%

33.9%

GMF as % of GM U.S. Lease

(1)

21.0%

GMF wholesale dealer penetration

(1)

4.0%

(1) GM Financial did not offer a lease or commercial lending product when acquired by GM. The lease product was launched in the U.S. and Canada in Q4 2010 and Q2 2011,

respectively. Commercial lending was launched in the U.S. and Canada in Q2 2012 and Q1 2013, respectively.

North America –

Loan Origination Volume

•

GM Financial and Ally have a dominant share of less than prime lending for new vehicles sold in GM dealerships

•

Market share leaders in the subprime used auto finance space remain consistent (GM Financial, Wells Fargo,

Capital One, and Santander Consumer USA)

–

Capital flowing into the space causing increased competitive conditions as some lenders seek volume

–

Competition

driving

extended

loan

terms,

higher

loan

value

and

reduced

pricing

the

market

$200

$400

$600

$800

$1,000

$1,200

$1,400

$1,600

Jun

-12

Sep-12

Dec-12

Mar-13

Jun

-13

Quarterly

($MM)

Loans originated

on new vehicles

by GM dealers

Loans originated

on used vehicles

by GM dealers

Loans originated

on vehicles by

Non-GM dealers

$1,489

$1,478

$1,216

$1,359

$1,351

North America –

Consumer Loan Credit Performance

NA Annualized

quarterly net credit

losses

NA 31-60 day

delinquency

NA 61+ day

delinquency

•

Credit metrics impacted by seasonality and normalizing of the

credit environment

North America –

Lease Originations

•

Continued growth of the lease product in both the U.S. and Canada

North America –

Commercial Lending

Commercial Finance Receivables Outstanding

Number of Dealers

International Operations–

GM and GMF Penetration Statistics

Jun-13

Sales Penetrations

GMF as a % of GM Retail Sales

30.3%

Europe

27.6%

Latin America

36.0%

GMF wholesale dealer penetration

94.9%

Europe

97.7%

Latin America

88.0%

GM / GMF Linkage

GM as % of GMF Consumer Originations

(GM New / GMF Consumer Loan)

86.0%

Europe

79.7%

Latin America

96.1%

International Operations–

Consumer Loan Originations

•

Comprised of predominately

prime quality customers

purchasing new GM vehicles

•

Solid performance in the UK

and Mexico …

softer in

continental Europe

Other 7%

$1.1B

Europe

Latin

America

Mexico

19%

Germany

30%

U.K.

31%

Other 7%

June 2013 Quarter

Other 13%

International Operations–

Consumer Loan Portfolio

Other

18%

•

Credit performance consistent with

prime make up of portfolio

•

For June 2013 quarter

Annualized quarterly net credit losses

of 0.3%

31-60 day delinquencies of 0.6%

61+ day delinquencies of 0.6%

U.K.

23%

Germany

38%

Mexico

13%

At June 30, 2013

$7.2 B

Europe

Latin

America

International Operations–

Commercial Lending Portfolio

•

Providing a full range of

commercial lending products

…

utilizing a high-

touch/relationship focused

model

•

Strong penetration of GM

dealers at 95 %

•

Floorplan financing

represents the largest share

U.K.

25%

Germany

25%

Other

31%

Mexico

15%

Other

at June 30, 2013

$3.8 B

Europe

Latin

America

International Acquisition –

Financial Transaction Summary

Sources

Uses

Unsecured senior notes

$2.5

Operations purchase price to date

$2.6

GM equity contribution

1.3

Remaining operations purchase

price`

1.6

Additional GM equity contribution

0.7

Inter-company loan

(1)

1.5

GMF liquidity

1.2

Total sources

$5.7

Total uses

$5.7

(1) Includes $1.4B to repay inter-company loan from Ally to European Operations

($B)

•

Remaining GM capital contribution to be received in connection with

subsequent closing

–

No additional debt financing needed

•

Preliminary goodwill = $50 million

–

Subject to further adjustment pending closure of Brazil and China, including potential

adjustments from the finalization of the closing balance sheet audits

•

Purchase accounting applied to fair value assets and liabilities

–

Minimal impact

Financial Results –

Earnings

Before

Taxes

($MM)

Three Months Ended June 30,

Six months ended June 30,

Note: Results from international operations are reflected beginning in Q2 2013

from the date of their acquisition

(1) Total Co. reflects net impact of intercompany allocations

(1)

$264

$213

$43

$217

Total Co.

North America

International

2013

2012

$434

$397 $398

$37

$398

Total Co.

North America

International

2013

2012

Financial Results –

Allowance for Loan Losses

Allowance for Loan Loss as a Percentage of Post-Acquisition Finance Receivables

Consumer

Allowance

Commercial

Allowance

North

America Only

North America

Only

NA Only

3.4%

3.5%

3.9%

4.1%

2.7%

1.1%

1.2%

0.5%

4.2%

1.0%

0.0%

2.0%

4.0%

6.0%

8.0%

Jun-12

Sep-12

Dec-12

Mar-13

Jun-13

NA Only

Financial Results –

Operating Expenses

Operating Expense as a Percentage of Average Earning Assets

3.0%

NA Only

Total Company

North America Only

3.2%

3.4%

3.1%

3.2%

3.0%

2.50%

3.00%

3.50%

4.00%

Jun

-12

Sep-12

Dec-12

Mar-13

Jun

-13

Solid Balance Sheet

Tangible Net Worth ($B)

Consumer

Lease

Consumer

Loans

Commercial

Loans

(1)

Liquidity includes unrestricted cash, available borrowing capacity on unpledged eligible receivables, available

borrowing capacity on committed unsecured credit lines and unused balance on GM line of credit

(2)

Earning assets to tangible net worth

Unsecured

Debt

Secured

Debt

Other

Cash

$13.3

$26.2

$10.9

$22.8

$2.9

$4.1

$3.3

$4.7

4.1x

5.5x

Earning Assets ($B)

Total Debt ($B)

Liquidity

($B)

Leverage

(2)

Funding Overview

•

Funding platform evolving

–

Fund locally

–

Expect to be a frequent issuer of senior notes

to support both growth and as credit rating

improves

–

IO funding composition utilizes more

unsecured funding

–

Expand ABS platforms in NA and IO

–

Intercompany funding for Europe

•

$11.2 B committed funding provided

by 20 banks across 21 facilities

•

GM support via

–

$2B equity contribution for international

acquisition

–

$600M Line of Credit

–

$1B tax deferral program through Dec. 2014

–

Co-borrower on GM Revolver (up to $4 billion)

Unsecured

Tangible

Equity

Secured

Unrestricted

Cash

$9.4B

66%

$3.3B

23%

$1.3B

$1.5B

11%

$17.5B

64%

$5.2B

19%

$4.7B

17%

$1.8B

6/30/2013

Post –

International Acquisition

12/31/2012

Pre –

International Acquisition

North America Funding Strategy

•

Utilize secured bank provided credit facilities to support

interim

and

semi-permanent

financing

total

capacity

$6.3

billion across five facilities

–

Separate facilities in US and Canada for loans, leases and

commercial lending product lines

–

sized to support

prospective/forecasted volumes from six months to two years

–

Credit facilities to be increased or created as needed to

support product offerings

•

Asset-backed securitizations provide permanent financing

–

Completed over 80 public auto loan securitizations since

1994 with approximately $70 billion in notes issued, including

three in 2013

–

Plan to develop securitization programs for lease and

floorplan

(1) Senior Notes

Funding Composition

June 30, 2013

$15.1B

Unsecured (1)

26.5%

Secured

73.5%

International Funding Strategy

Affiliate

Funding

Unsecured

Funding

Secured

Funding

IO Funding Composition

June 30, 2013

$9.1 Billion

•

Established funding platform, with credit facilities rolling over

with the acquisition

•

Total committed banks lines of $4.9B

•

Fund primarily with local sources to minimize currency and

country risk

–

Currently, Latin America Operations are entirely funded locally

–

European Operations have $1.5B intercompany loan from

GMF US

•

Mix of funding sources varies by country

–

Utilization of both secured and unsecured credit facilities

–

Access

public

securitization

markets

–

the

and

Germany

for consumer finance receivables

–

Other funding sources exist in certain countries

–

Maintain and develop strong relationships globally with financial

institutions and investors

16%

13%

71%

General Motors Financial (ACF) 8-KGM Financial Reports June Quarter Operating Results