Fourth Quarter 2023 Earnings Report

Non-GAAP Measures, continued LINDE PLC AND SUBSIDIARIES APPENDIX NON-GAAP MEASURES AND RECONCILIATIONS (Millions of dollars) (UNAUDITED) Linde (Millions of dollars) Q4 2023 Q3 Q2 Q1 Q4 2022 Q3 Q2 Q1 Available Operating Cash Flow (AOCF) and Base Capex - Available operating cash flow is a measure used by investors, financial analysts and management to evaluate the ability of a company to pursue opportunities that enhance shareholder value. AOCF measures operating cash flows available after capital expenditures to maintain or replace existing assets (base capex). AOCF equals cash flow from operations less base capex. Capex $ 1,151 $ Less: backlog capex (a) (446) Base Capex $ 705 $ 948 $ (351) 597 $ 859 $ 829 $ 936 $ (282) 577 $ (251) (273) 762 $ (225) 826 $ (259) 649 (190) 578 $ 663 $ 537 $ 567 $ 459 Operating Cash Flow $ 2,727 $ 2,520 $ 2,150 $ 1,908 $ 2,095 $ 2,636 $ Less: backlog capex (705) (597) (577) (578) (663) (537) 2,133 $ (567) 2,000 (459) Available Operating Cash Flow $ 2,022 $ 1,923 $ 1,573 $ 1,330 $ 1,432 $ 2,099 $ 1,566 $ 1,541 Backlog capex is defined as capital expenditures for projects greater than $5 million with a customer supply contract. 29

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