Investor Presentaiton
Power profit grows, Renewable Energy improves
Key drivers
Power achieving LDD margins in 2024 ... Gas LDD margins
in 2023+, Steam a higher margin services business in 2024
ONW better in 2023 from price & cost-out ... LSD+ margins
in 2024 from IRA volume, workhorse products
Grid reaching modest profitability in 2023, MSD margins in
2024
GE VERNOVA
2022
2023E
2024F
Profit-a)
$(1.0)B
$(0.6)-(0.2)B Profitable
Profit margina) (3.5)%
Better
MSD
Power
$1.2B
7.5%
Slightly
better
LDD
Renewable
Energy
$(2.2)B
(17.3)%
Significantly
better
Profitable
Substantial cost & productivity opportunities remain with
lean further embedded across GE Vernova
Price, mix & cost-out driving significant profit improvement
(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
2023 GE INVESTOR CONFERENCE 80View entire presentation