Investor Presentaiton
Driving profitability by focusing on our core markets
IRA driving U.S. growth
EGE VERNOVA
Favorable mix shift
Demand visibility improving
U.S. Onshore Wind installations (GW)
(GE forecast)
11% CAGR
rest of decade
% planned U.S. units in agreement
with customers-a)
Entering 2022
Entering 2023
100%
'12-21 avg.
8
10
13
14
19
#/
2022
2023E 2024F 2025F 2030F
2022E 2023F 2024F
2023E 2024F 2025F
% coverage
50%
% of opening backlog
2022
2023E
2024F
ROW
U.S.
U.S. build-out cycle increasing by 2x
versus prior decade ... driven by PTC
extension
Greater visibility (2x) this year
compared to March 2022 with
far greater visibility 2 years out
Growing backlog with better price
aligned to competitive strengths ...
margin expansion opportunity
U.S. growth + competitive advantage = accelerated margin expansion
(a - Defined as secured orders plus tech selects
2023 GE INVESTOR CONFERENCE 94View entire presentation