Energy Transition Market Growth

Power: expanding profitability in 2024 Power 2023 2024E • Revenue $17.4B MSD organic growth* EBITDA $1.7B ~100bps organic margin expansion* EBITDA margin 9.9% EGE VERNOVA Dynamics Solid revenue growth driven by higher Gas services and equipment Greater productivity, services volume & price more than offset inflation & investments in decarbonization technologies Steam becoming a more profitable, services- focused business • Beyond 2024: further margin expansion through price & productivity; continued strong FCF* generation Growth & margin expansion led by Gas Power while investing in future opportunities © 2024 GE Vernova and/or its affiliates. All rights reserved. * Non-GAAP Financial Measure 33

View entire presentation