Fourth Quarter 2023 Earnings Report

Strategy Network density ✓ Capex efficiency Optimize the Base Productivity/digitalization ✓ Portfolio optimization Price management Leverage the Recovery Price and volume Cost management ✓ Operations optimization Capitalize on Growth Electronics ✓ Backlog start-up Healthcare + Clean Energy byxx OMY S Linde >10% EPS Growth + Marec it ITM POWER Every Storage Clean Fuel HYDROGEN STATION Clean Energy Sustainable value creation 2023+ 21

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