Energy Transition Market Growth

Lean progress accelerating at Gas Power Delivering value to customers with reduced outage times Increasing number of Live Outages % of total outages ~30% ~45% >60% GE GE VERNOVA Improving manufacturing with lean lines For every manufacturing hour that switches to a "lean line": 3x Decrease in quality escapes 50% Decrease in lead times 295+ 170 106 2022 2023 2024E • Save ~$75M in services cost over the next three years by executing faster and completing more outages • Reducing outage cycle time by ~22%, decreasing customer downtime 6x Decrease in injuries >$120M IN CUMULATIVE PRODUCTIVITY SINCE 2019 30% Decrease in labor costs • Moved ~40% of total manufacturing hours to lean lines (+32% from 2019) ... ~2.5M hours saved • Continued cost & cash flow improvement... applying "lean lines" on the remaining ~60% of hours Lean enables significant productivity benefits to customers & shareholders © 2024 GE Vernova and/or its affiliates. All rights reserved. 30 50

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