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Investor Presentaiton

Driving the energy transition forward Decarbonizing ... decreasing CO₂ • Transitioning to low-carbon fuels like hydrogen & capturing carbon Manmade CO2 36 GT/Y Industry 26% Buildings Other 8% 4% EGE VERNOVA Electrifying... meeting the world's growing electricity needs Growing low & zero-carbon generating capacity • Increasing capacity factors & utilization of low & zero-carbon generation, displacing higher-carbon-emitting plants • Powering economies & improving quality-of-life, through access to reliable, affordable electricity Electrifying hard-to-abate sectors POWER INDUSTRY 40% Coal 9.7 GT 21% Transport 13 GT/Y...while generating 28K TWh/y Oil Gas 2.8 GT 0.5 GT 28K 43K 49K 58K 8K 16K 20K 27K Electricity Demand-a) (TWh/y) Capacity 2021 2040 stated policies 2040 announced pledges 2040 Net-zero scenario (GW) Reducing carbon intensity as electrification accelerates (a - IEA World Energy Outlook 2022 global electricity generation (thousands of TWh/y) & net installed capacity (GW) 2023 GE INVESTOR CONFERENCE 78
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