Energy Transition Market Growth

Electrification: profitable growth accelerating Electrification 2023 2024E • Revenue $6.4B LDD organic growth* • Dynamics EGE VERNOVA Delivering growth across Electrification to meet higher demand Increasing backlog-a) at higher margins led by Grid Solutions Volume and price driving margin expansion, more than offsetting growth investments EBITDA $0.2B • MSD margins Growing recurring software revenue EBITDA margin 3.7% . Beyond 2024: strong revenue growth; continued margin expansion from volume, price & productivity Delivering long-term value with a stronger business in an expanding market © 2024 GE Vernova and/or its affiliates. All rights reserved. * Non-GAAP Financial Measure (a- defined on a remaining performance obligation (RPO) basis 56

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