Fourth Quarter 2023 Earnings Report
Key Highlights - 2023
Human Capital
Making our w
more produc
→ Best in-class safety performance
→ Gender diversity 29%, 2030 goal 30%+
→ ~600 community engagement projects
globally, +20% YoY
→ Investing in global talent development,
including digital/Al programs
Positioning for the Future
Making our world
more productive
Linde
Linde
Environmental
→ YoY reduction absolute GHG emissions
→ Active renewable power +1 TWh
→ Water Management Planning at >60% of
high-water-use sites
→ Member of DJSI, 21st consecutive year
and #1 in Sustainalytics ESG
Financials
→ Awarded SOG project to supply blue H2
to OCI (Texas), ~$2B capex
→ Backlog $8B+
→ 53 small on-site wins, capex $270mm
→ Pipeline ~200 decarbonization projects
with expected capex of $8-$10B
→ Mitigated challenging macro environment
Margins +390 bps, +310 bps ex. CPT
→ EPS +16%; increased ROC to 25.4%
→ Delisted from Frankfurt Stock Exchange
→ Returned $6B+ to shareholders
Well positioned for another strong year in 2024
EPS and ROC are non-GAAP measures - see Appendix
Gender diversity refers to the global professional employee population
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