GE Vernova — gev webcast highlights 10282026 (company IR deck)

Slide 1 — $12.6B

© 2024 GE Vernova and/or its affiliates. All rights reserved. DELIVERED STRONG RESULTS & BACKLOG EXPANSION (a - defined as remaining performance obligation (RPO) (b - year-over-year; variances for revenue and segment EBITDA margin are presented on an organic basis; organic revenues and organic segment EBITDA margin are non-GAAP financial measures. YTD = year-to- date and refers to the nine months ending September 30. *Non-GAAP financial measure. Reconciliation against comparable GAAP measures are available on our website. This document contains forward-looking statements. Visit our website for details on the uncertainties that may cause our actual future results to be materially different than those expressed in our forward-looking statements. © 2026 GE Vernova and/or its affiliates. All rights reserved. GE is a trademark of General Electric Company used under trademark license. 3Q 2026 EARNINGS Orders ($B) 14.6 29.3 Revenue ($B) 10.0 12.6 Power +830 basis points-b) primarily due to price and volume Wind +420 basis points-b) due to improved Onshore services and lower Offshore project costs Electrification +470 basis points-b) due to volume, productivity, and price Backlog –a) ($B) 135.3 196.7 SIGNIFICANT MARGIN EXPANSION & CASH GENERATION 3Q’25 3Q‘26 In 2026, returned ~$7B of capital to shareholders through Oct. 23; grew cash balance to ~$17B to deploy; increased share repurchase authorization from $10B to $20B 2025 YTD 2026 YTD Free cash flow* ($M) Adj. EBITDA margin* Adj. EBITDA* ($M) Revenue +18%-b) led by Power & Electrification $12.6B Free Cash Flow* +$4.7B from stronger adjusted EBITDA* & higher positive working capital benefits $5.4B $29.3B Orders +$20.4B in sequential backlog-a) growth from equipment & services RAISING FULL YEAR 2026 GUIDANCE Revenue $46.5B - $47.5B (previous: $45.5B - $46.5B) Adjusted EBITDA margin* 13.5% - 14.5% (previous: 12% - 14%) Free cash flow* $16B - $17B (previous: $11.5B - $12.5B) ACQUIRING TRENCH GROUP A global leader in high-voltage grid equipment and a strategic addition to our Electrification segment Margin-accretive financial profile Vertically integrates and adds capacity for key equipment Differentiated technology for high- voltage solutions 15.4% 8.1%

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