Energy Transition Market Growth

Pro Forma Free cash flow* Pro Forma Free cash flow* For the year ended December 31, 2023 ($ in millions) Cash from (used for) operating activities (GAAP) Add: gross additions to property, plant and equipment and internal-use software Add: impact of pro forma adjustments(a) Free cash flow (Non-GAAP) Add: Management Adjustments - Recurring cost estimate (b) Free cash flow* after Management Adjustments EA SA $$ 2023 Pro Forma 2023 Reported 1,186 1,186 (744) (744) (168) 274 442 (200) 74 EGE VERNOVA (a) Includes the impact of the deemed cash settlement of certain transaction accounting and autonomous entity adjustments recorded in accordance with Article 11 of Regulation S-X in the unaudited pro forma condensed combined financial statements included in the Information Statement which was included as Exhibit 99.1 to our registration statement on Form 10 filed with the Securities and Exchange Commission on February 15, 2024, primarily related to the removal of benefits from production tax credits generated by renewable energy tax equity investments to be transferred to GE. (b) Includes recurring and on-going costs expected to be incurred during the twelve months following the Spin-Off to operate new functions required for a public company. © 2024 GE Vernova and/or its affiliates. All rights reserved. * Non-GAAP Financial Measure 82 2

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