Energy Transition Market Growth

Lean underpins Onshore improvement Enhanced capability Reduced layers to bring customers closer to the decision makers Refocused R&D ... fewer design centers, bigger communities of practice Headcount EGE VERNOVA Structural productivity Fixed cost as % of revenues (40)% Repositioned factory footprint to allow for scalable capacity with minimal investment Deploying lean... supply chain network to improve safety, quality, delivery and cost '22A '24E (6) points '22A '24E Onshore now breaks even at <1,000 units/yr Strategically positioned to maintain commercial selectivity... enabling margin expansion © 2024 GE Vernova and/or its affiliates. All rights reserved. 38

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