Investor Presentaiton
•
Solid revenue growth from secular demand tailwinds
Key drivers
Entering 2023 with strong backlog ... ~80% revenue in hand
GE VERNOVA
2022
2023E
2024F
Revenue
Gas Power growing MSD* ... services, turbine deliveries
growth*-a)
$29B
LSD/MSD
MSD
Steam as a service ... smaller revenue base ~$1B in 2024+
Power
Wind up DD* in 2024 ... OFW deliveries, ONW IRA volume
growth
$16.3B
2%
LSD
LSD
Grid growing MSD* in 2023/2024 ... HVDC, Grid Automation
Renewable
Energy
$13.0B
(13)%
MSD
DD
• Price actions continue across GE Vernova in 2023+
Volume & price improving across GE Vernova through 2024
* Non-GAAP Financial Measure; note: reported on current GE basis & not stand-alone basis
(a
organic basis; GE Vernova refers to the sum of our Renewable Energy & Power segments, without giving effect to eliminations & Corporate adjustments. On a stand-alone 2023 GE INVESTOR CONFERENCE 79
basis, GE Vernova will include GE's portfolio of energy businesses and DigitalView entire presentation