Energy Transition Market Growth

Demonstrating operational and financial improvement GE GE VERNOVA Our turnaround playbook Strong market demand Better price and underwriting selectivity Productivity and cost-out Decentralized organization Electrification financials Revenue $B EBITDA margin % 8 10% 6 + 2 5% 0% -5% -10% 2021 2022 2023 Lean deployment ... SQDC Org. revenue growth* Baseline 2% 25% EBITDA ($B) (0.5) (0.2) 0.2 Profitable in 2023 with significant EBITDA growth opportunity ahead © 2024 GE Vernova and/or its affiliates. All rights reserved. * Non-GAAP Financial Measure 54

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