Energy Transition Market Growth
Producing strong and reliable FCF* now
Our playbook delivered
significant business transformation
GE GE VERNOVA
Power's significant FCF* generation
Selectivity: disciplined underwriting leading to
higher margins
$1B
Services: expand services portfolio & offerings
on a growing installed base
2021
2022
2023
2024+
•
Price: services escalation and list price increases
to offset inflation
Robust Power backlog-a)
($B)
70
71
Cost productivity: focused on product cost out
and ongoing services productivity
Equipment
~13
~14
73
~14
Services
~57
~57
~59
Lean culture: at the foundation of continuous
improvement
2021
2022
2023
Services represent >80% of total Power backlog
With large installed base of ~1,700 GW, expect to grow FCF* for a long time
© 2024 GE Vernova and/or its affiliates. All rights reserved.
* Non-GAAP Financial Measure
(a defined on a remaining performance obligation (RPO) basis
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