Fourth Quarter 2023 Earnings Report

Full-Year Adjusted Results" YOY Linde ($MM) Sales 2023 2022 Var Sales Growth - 2% $32,854 $33,364 -2% Volume - 1% Operating Profit $9,070 $7,904 15% Price / Mix + 6% Cost pass-thru (CPT) - 3% % of Sales 27.6% 23.7% Currency - 1% Income $6,989 $6,195 13% Acq/Div - 1% Engineering -2% Diluted EPS $14.20 $12.29 16% Op. Cash Flow $9,305 $8,864 5% Capex $3,787 $3,173 19% Base Capex² $2,457 $2,226 10% Project Capex³ $1,330 $947 40% After-Tax ROC 25.4% 22.9% +250 bps (1) Results other than Sales, Operating Cash Flow and Capex are Non-GAAP measures - see Appendix. All amounts are from continuing operations (2) Represents capex in small growth, maintenance and other non-project capex related investments (3) Capex for projects > $5mm with a long-term customer supply agreement and incremental growth ■ Price attainment in all geographic segments ■ Record OP margin, +390 bps; ex. CPT +310 bps Strong operating leverage YoY Sales -2%, OP +15%, EPS +16% Operating leverage across all geographic segments ■ Record EPS $14.20 ☐ Capex increase led by Project Capex $8.5 billion project backlog ▪ Record ROC 25.4%, increased 250 bps 10 10

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