EGE Vernova Corporate Financial Review
Lean progress accelerating at Gas Power
Delivering value to customers with reduced outage times
Increasing number of Live Outages
% of total
outages
~30%
~45%
>60%
GE GE VERNOVA
Improving manufacturing with lean lines
For every manufacturing hour that switches to a "lean line":
3x
Decrease in
quality
escapes
50%
Decrease in
lead times
295+
170
106
2022
2023
2024E
• Save ~$75M in services cost over the next three years
by executing faster and completing more outages
•
Reducing outage cycle time by ~22%, decreasing
customer downtime
6x
Decrease in
injuries
>$120M
IN CUMULATIVE
PRODUCTIVITY SINCE 2019
30%
Decrease in
labor costs
• Moved ~40% of total manufacturing hours to lean
lines (+32% from 2019) ... ~2.5M hours saved
• Continued cost & cash flow improvement...
applying "lean lines" on the remaining ~60% of hours
Lean enables significant productivity benefits to customers & shareholders
© 2024 GE Vernova and/or its affiliates. All rights reserved.
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