Energy Transition Market Growth

Adjusted General & Administrative (G&A) expense* Adjusted General & Administrative (G&A) expense* For the years ended December 31, ($ in millions) Selling, General & Administrative expense (GAAP) Less: Selling & Marketing expense Less: Restructuring and other charges(a) Less: Russia and Ukraine charges (b) Less: Depreciation and amortization(c) Adjusted G&A expense (Non-GAAP) Add: Management Adjustments - Recurring cost estimate(d) Adjusted G&A expense* after Management Adjustments 2023 4,845 1,155 265 78 258 3,088 $ 200 $ 3,288 EGE VERNOVA (a) Consists of severance, facility closures, acquisition and disposition, and other charges associated with major restructuring programs. (b) Related to recoverability of asset charges recorded in connection with the ongoing conflict between Russia and Ukraine and resulting sanctions. (c) Excludes depreciation and amortization expense included in Restructuring and other charges, and Russia and Ukraine charges. (d) Includes recurring and on-going costs expected to be incurred during the twelve months following the Spin-Off to operate new functions required for a public company. Adjusted General & Administrative (G&A) expense* Adjusted General & Administrative (G&A) expense* We cannot provide a reconciliation of the differences between non-GAAP expectations and the corresponding GAAP measure for Adjusted General & Administrative expense* in the 2028 outlook without unreasonable effort due to the uncertainty of the costs and timing associated with potential restructuring actions and the impacts of depreciation & amortization. © 2024 GE Vernova and/or its affiliates. All rights reserved. * Non-GAAP Financial Measure 80 60

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