EGE Vernova Corporate Financial Review
Unique scope and scale needed to lead energy transition GE VERNOVA
2023 financial metrics
Power
•
Services
~$73B backlog-a) (81% services)
~$17B revenue
Strong, growing
free cash flow*
.
Productivity
⚫ Decarbonization technologies
Wind
~$27B backlog-a) (49% services)
~$10B revenue
Electrification
~$16B backlog-a) (19% services)
~$6B revenue
.
Significant margin
expansion in sight
Leading quality
.
Workhorse products
.
Improving Offshore Wind
Profitable growth
accelerating
•
•
Well-positioned to deliver as demand accelerates
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* Non-GAAP Financial Measure
(a defined on a remaining performance obligation (RPO) basis
Growing backlog
⚫ Electrify industrials
•
Best-in-class software
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