Energy Transition Market Growth

Improved discipline and execution across GE Vernova Before turnaround Negative FCF* GAS POWER (2018 trough) Embedding lean deeper into the business (SQDC) ↑ ↑ EGE VERNOVA 2023 Significant FCF* Positive FCF* GRID SOLUTIONS Negative FCF* (2019 trough) ONSHORE WIND Negative FCF* (2022 trough) ↑ + Driving better selectivity, price and risk management ↑ Positive FCF* Delivering significantly better results now & confident in continued FCF* growth moving forward © 2024 GE Vernova and/or its affiliates. All rights reserved. * Non-GAAP Financial Measure 21 21

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