General Motors : Earnings Deck Q4 2022

Strong Performance Drives our Transformation

Q4 2022 Earnings

January 31, 2023

Table of Contents

Page 4 Highlights

ICE Portfolio Optimization

EV Acceleration

New Business Growth

Page 15 2023 Guidance

Page 16 Investor Day KPI Summary

Page 17 Long-Term Investment Opportunity Page 18 Financial Information

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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.

Simulated models and pre-production models shown throughout; production vehicles will vary. For information on
models shown, including availability, see each GM brand website for details	3

2022 Highlights

Delivering strong performance while accelerating our transformation

U.S. Market Leader		Opened Ultium Cells JV
#1 in total sales	Record Chevrolet Bolt EV and	battery plant in Warren, OH;
#1 in full-size pickup trucks	Bolt EUV deliveries; best-selling	Spring Hill, TN opening in mid-2023;
#1 in full-size, large luxury SUVs	mainstream EV series in H2	Lansing, MI opening in late 2024;
#1 in luxury sports cars		Fourth plant to be announced

	Cruise became the first and only paid	Secured all EV raw material for 1M
Largest U.S. market share increase	driverless ridehail service in a major
units of North American capacity by
of any automotive manufacturer,	city when it launched in San Francisco,
2025, including more sustainable,
up 1.6pp, with record ATPs	followed by commercial expansion
local sourcing
	into the Phoenix area and Austin

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Extending Truck Leadership

2022 Highlights

• Third consecutive year of full-size truck leadership
• Ninth consecutive year of combined full-size and midsize pickup truck leadership
• Investments in HD manufacturing capacity and new premium and off-road models create growth and support strong pricing

Spring 2023 Launches

• Redesigned Chevrolet Silverado HD and GMC Sierra HD
• New Chevrolet Colorado and GMC Canyon midsize pickups
• Chevrolet Silverado EV WT begins production for commercial customers

Sold		Gained
1.1 million		2.1pp
full-size pickups, midsize pickups and		of U.S. full-size pickup market
full-size SUVs, 350,000 more than		share in 2022 with record ATPs
the second-closest competitor

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