Fourth Quarter 2023 Earnings Report

EMEA Linde (SMM) 4Q 2023 3Q 2023 Var 4Q 2022 Var YOY SEQ. Sales Growth +4% - Sales $2,100 $2,105 0% $2,026 4% Volume -4% - 2% Operating Profit $615 $634 -3% $509 21% Price / Mix +6% +2% % of Sales 29.3% 30.1% 25.1% Cost pass-thru -2% + 1% Currency +4% - 1% Acq/Div -- -- Sales by End Market Electronics Others 6% Chemicals & Energy 20% Metals & Mining 21% 3% Healthcare 14% Food & Beverage 11% Manufacturing 25% ■ Continued strong pricing plus productivity initiatives Ex cost pass-thru, YoY margins up 350 bps ■ YoY sales growth across all resilient end markets, industrials lagging Seq. volumes lower primarily from industrial onsite customers ■ FX YoY tailwinds led by EUR and GBP 13

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