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Offshore Wind: key priorities to achieve profitability Progressing through challenging backlog. Haliade-X existing backlog ($B) EGE VERNOVA Disciplined underwriting in a growth market Global OFW installs (GW)-a) $3B Product Margin W/C flow • 60 2022 2023E 2024F 2025F 60 34 ~ B/E ~flat ~flat Accelerating product cost & project execution learning curve (a Source: WoodMac 181 27% 22% 45% 2022 2025F 2030F CAGR '25-'30 North America Europe Asia Pacific (ex. China) • Sustain progress on the new product launch ... in focused markets, with better economics & underwriting Executing initial backlog & positioning business for profitable growth 2023 GE INVESTOR CONFERENCE 99

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