Energy Transition Market Growth

Commitment to investment grade credit rating Expected Day 1 Capital Structure $4.2B CASH-³) $0.1B DEBT ~$3.0B expected credit facility $1.9B net pension/benefit deficit-b) INVESTMENT GRADE RATING-C) Fitch BBB/S&P BBB- EGE VERNOVA Capital Allocation Framework Organic Investments Capital return to shareholders © 2024 GE Vernova and/or its affiliates. All rights reserved. Well-positioned for strategic capital deployment (a - includes approximately $1.2B of cash held in countries with currency control restrictions and $0.4B expected to be restricted use cash (b-includes principal and other pension as well as principal retiree benefit plans (c- refers to expected Fitch credit rating published on February 15th 2024 and preliminary S&P credit rating published on February 16th 2024 Inorganic growth optionality 68

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