Fourth Quarter 2023 Earnings Report

Americas Linde ($MM) 4Q 2023 3Q 2023 Var 4Q 2022 Var YOY Sales Sales Growth + 5% $3,583 SEQ. - 1% $3,629 -1% $3,421 5% Volume +1% - 1% Operating Profit $1,075 $1,074 0% $944 14% Price / Mix + 5% +1% % of Sales 30.0% 29.6% 27.6% Cost pass-thru - 5% Currency +1% - 1% Acq/Div + 3% - Sales by End Market Electronics 4% Others 8% Chemicals & Energy 23% Healthcare 25% Metals & Mining 11% Manufacturing 19% Food & Beverage 10% ■ Continued price and productivity initiatives ■ Ex cost pass-thru, YoY margins up 100 bps ■ ARS deval. negative impact $10mm operating profit ■ YoY growth across all end markets except Electronics ☐ - Food & Beverage and Chemicals & Energy the strongest Seq. volumes lower driven due to seasonality 11

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