Fourth Quarter 2023 Earnings Report

APAC ($MM) 4Q 2023 3Q 2023 Var 4Q 2022 Var YOY Sales Growth + 5% Sales $1,639 $1,639 0% $1,567 5% Volume Operating Profit $452 $459 -2% $416 9% Price / Mix % of Sales 27.6% 28.0% 26.5% -- Sales by End Market Others 12% Chemicals & Energy 24% Electronics 24% Food & Beverage 4% Healthcare 5% Manufacturing Metals & Mining 18% 13% Linde SEQ. -- + 3% +2% -2% -- Cost pass-thru Currency Acq/Div -- ■ YoY margins up 110 bps +2% -- -- ■ Continued good inflation management ■ YoY sales growth led by Chemicals & Energy and Manufacturing end markets Metals & Mining and Electronics lagging - ■ YoY volume growth led by project startups ■ Seq. lower volumes, primarily led by LPG seasonality 12

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