Energy Transition Market Growth

Focused on improving Offshore results Delivering existing Offshore backlog-a) Year-end equipment backlog ($B) ~$4B • 2023 2024E 2025F EGE VERNOVA • Key actions Executing ~$4B backlog... building >4 million operating hours experience by end of 2026 Deploying lean to reduce nacelle cycle time by >40% & product cost, while improving quality • Refocusing the team with fewer layers, operating with intense spend discipline . Positioned to build a better book of business ... applying price & selectivity rigor Driving better EBITDA each year... existing backlog largely complete over the next 2 years © 2024 GE Vernova and/or its affiliates. All rights reserved. (a defined on a remaining performance obligation (RPO) basis 40 40

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