GE Vernova — gev webcast highlights 07222026 (company IR deck)

Slide 1 — $11.1B

© 2024 GE Vernova and/or its affiliates. All rights reserved. DELIVERED STRONG RESULTS & BACKLOG EXPANSION RAISING FULL YEAR 2026 GUIDANCE (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 six months ending June 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. 2Q 2026 EARNINGS Orders ($B) 12.4 24.2 Revenue ($B) 9.1 11.1 Power +320 basis points-b) primarily due to price and volume Wind (630) basis points-b) from lower Onshore equipment volume and higher Offshore project costs Electrification +700 basis points-b) due to volume, productivity, and price Backlog –a) ($B) 128.7 176.3 SIGNIFICANT MARGIN EXPANSION & CASH GENERATION Revenue $45.5B - $46.5B (previous: $44.5B - $45.5B) Adjusted EBITDA margin* 12% - 14% Free cash flow* $11.5B - $12.5B (previous: $6.5B - $7.5B) 2Q’25 2Q‘26 Revenue +12%-b) led by Power & Electrification $11.1B Free Cash Flow* +$4.9B from stronger adjusted EBITDA* & higher positive working capital benefits $5.1B $24.2B Orders +$13B in sequential backlog-a) growth from equipment & services Returned $3.9B of capital to shareholders YTD; maintained healthy cash balance of $13.1B 2025 YTD 2026 YTD Free cash flow* ($M) Adj. EBITDA margin* Adj. EBITDA* ($M) 8.5% 11.3%

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