Energy Transition Market Growth

• Outlook by 2028 Revenue growth*-a) Adj. EBITDA margin* MSD Disciplined equipment growth on rising demand Continued services growth GE GE VERNOVA FCF* conversion-b) ● • 10% Positive price & volume Productivity with lean G&A cost reduction ● • 90-110% Strong earnings quality Improving working capital velocity Managing capex Strong multi-year financial trajectory © 2024 GE Vernova and/or its affiliates. All rights reserved. *Non-GAAP Financial Measure (a organic basis, based on 2025 2028 CAGR (b - FCF* conversion: FCF* / adj. net income*; assumes mid-20s adj. effective tax rate* 69

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