Investor Presentaiton

Grid Solutions turnaround accelerating Grid Systems Integration Grid Power Transmission -- GEGE VERNOVA Profitable growth trajectory Grid Automation Revenue +MSD* $3.2 +MSD* $3.1 Profitable growth • Market to grow HSD ... ~$75B by 2025 • Disciplined underwriting ... margin focus Lower cost structure • ~$0.3B cost out in last 3 years Continued footprint rationalization • Improved execution ⚫ De-risking legacy project backlog • Applying lean to ↑ OTD, ↓ lead-times Decentralized organization • 3 focused business lines, small HQ ↑ accountability, closer to customers 2021 2022 2023E -a) 2024F -a) Profit margin (11)% (3)% Modestly profitable MSD% Profitable in 4Q'22 ... 1st time since 2018 Pricing actions ... supply chain dynamics improving • HVDC & GA-b) opportunities growing with industry facing capacity constraints Transforming Grid Solutions into a profitable, FCF* generating business in 2023 onward * Non-GAAP Financial Measure (a organic basis (b HVDC High Voltage Direct Current; GA = Grid Automation 2023 GE INVESTOR CONFERENCE 90

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