Energy Transition Market Growth

Electrification Software is delivering profitable growth By 2025, we expect to be: $1B+ Software business Leader in mission-critical software for energy transition 10% ~20 percentage points of EBITDA CAGR-a) margin expansion 2022-2025 Revenue growth ~50% Annual recurring revenue-b) Increasing recurring revenue provides greater visibility ↑ EGE VERNOVA Our long-term objectives: • Best-in-class software business measured by profitable growth and margin (Rule of 40) • Industry-leading innovation • Further advancement of GE Vernova's leadership in the energy transition Electricity software leader with growing recurring revenue © 2024 GE Vernova and/or its affiliates. All rights reserved. represented CAGR from 2022 - 2025 (a (b - ARR includes Software-as-a-Service (SAAS)/subscription, managed services, maintenance & support revenues plus a portion of term license revenue that is ratably allocated over contract term 3 53

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