Ge Vernova Inc. · NYSE:GEV
Ge Vernova — Investor Day (2024)
9 slides from Ge Vernova's investor day presentation, 2024
Slide 1: Caution concerning forward-looking statements
Caution concerning forward-looking statements: This presentation contains "forward-looking statements" – that is, statements related to future events that by their nature address matters that are, to different degrees, uncertain. These forward-looking statements might be identified by words, and var
Slide 2: Electrification: Profitable Growth Accelerating
ELECTRIFICATION PROFITABLE GROWTH ACCELERATING Philippe Piron Electrification Systems CEO © 2024 GE Vernova and/or its affiliates. All rights reserved. 2
Slide 3: Electrification vital to decarbonize the world
Electrification vital to decarbonize the world Investment in electrification is accelerating Serving the key levers to reach Net Zero-a) Addressable market for GE Vernova Electrification >50GT CO2 eq. emissions to be reduced by 2050 > 2x ~$175B Electrification Decarbonize power generation • Renewabl
Slide 4: From point of generation to point of consumption
From point of generation to point of consumption GE VERNOVA’S ELECTRIFICATION FOCUS Growth drivers Energy transition and security • Integrate renewables • Decarbonize end-uses • National security asset POWER GRIDS POWER-TO-X Grid stability and flexibility TRANSMISSION DISTRIBUTION CONVERSION • Reduc
Slide 5: Delivering mission-critical solutions for decarbonization
Delivering mission-critical solutions for decarbonization LEADING-EDGE Bulk power transfer Solutions to stabilize the grid More sustainable switchgears and breakers POWER GRID TECHNOLOGIES for grid expansion, stability and sustainability High-voltage direct current Flexible AC transmission systems S
Slide 6: Investing to create incremental value
Investing to create incremental value Reducing lead-times Expanding Capacity Growing Services Electrification services revenue ($B) Continued growth 1.8 1.6 Systems Software 2022 2023 2024E Deploying lean in our US circuit Investing in our UK HVDC transformer Investments & lean deployment breaker fa
Slide 7: Demonstrating operational and financial improvement
Demonstrating operational and financial improvement Our turnaround playbook Electrification financials Revenue $B EBITDA margin % 8 10% Strong market demand 6 5% Better price and underwriting selectivity 4 0% Productivity and cost-out 2 -5% Decentralized organization 0 -10% 2021 2022 2023 Lean deplo
Slide 8: Building a healthy, multi-year backlog
Building a healthy, multi-year backlog-a) Electrification equipment backlog Electrification equipment backlog conversion (% of YE’23 backlog) Margin-b) + 1 pts +5 pts ~50% ~$13B ~30% ~20% ~$6B ~$5B 2021 2022 2023 2024E 2025F 2026+ • Growing backlog with accretive margins • ~50% of backlog to convert
Slide 9: Electrification: profitable growth accelerating
Electrification: profitable growth accelerating Electrification 2023 2024E Dynamics • Delivering growth across Electrification to meet LDD organic higher demand Revenue $6.4B growth* • Increasing backlog-a) at higher margins led by Grid Solutions • Volume and price driving margin expansion, more EBI