Investor Presentaiton

Approaching significant FCF* inflection point $(0.2)B Flat to slightly improving 2022 2023E GE Vernova-a) [Power EGE VERNOVA Power up with Renewable Energy approaching B/E 2024F Key drivers Power remains a strong FCF* generator • • Gas Power earnings growth & services billings Steam less capital intensive 2024+ • >100% FCF conversion*-b) Accelerated improvement at Renewable Energy • Onshore Wind orders & profit driving sequential FCF* growth in 2023 & 2024 Offshore Wind challenging in 2023, better in 2024 on more balanced collections vs. disbursements mix Renewable Energy Self-help & secular tailwinds driving sizeable FCF* improvement in '24 * Non-GAAP Financial Measure; reported on current GE basis & not stand-alone basis (a - GE Vernova refers to the sum of our Renewable Energy & Power segments, without giving effect to eliminations & Corporate adjustments. On a stand-alone basis, GE Vernova will include GE's portfolio of energy businesses and Digital (b - FCF conversion*: segment FCF* / segment net income, as further adjusted to include restructuring expenses that are adjusted out of our non-GAAP financial measures. 2023 GE INVESTOR CONFERENCE 81

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