Ge Vernova Inc. · NYSE:GEV
Ge Vernova — Investor Day (March 2024)
10 slides from Ge Vernova's investor day presentation, March 2024
Slide 1: Caution concerning forward-looking statements and non-GAAP financial measures
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: Power: Strong, Growing Free Cash Flow
POWER STRONG, GROWING FREE CASH FLOW* Maví Zingoni Power CEO © 2024 GE Vernova and/or its affiliates. All rights reserved. 2 * Non-GAAP Financial Measure
Slide 3: GE Vernova's Power business enables the energy transition
GE Vernova’s Power business enables the energy transition ~3x Gas Nuclear Electricity generation growth through 2050 SMR technology ~60GW >800GW Design, commercialize, scale and execute Service & provide fuel for the 2x installed base vs. nearest competitor installed base Meeting baseload & peaking
Slide 4: Producing strong and reliable FCF now
Producing strong and reliable FCF* now Our playbook delivered Power’s significant FCF* generation significant business transformation • Selectivity: disciplined underwriting leading to higher margins $1B • Services: expand services portfolio & offerings on a growing installed base 2021 2022 2023 202
Slide 5: Gas Power's services providing durable and recurring revenue
Gas Power’s services providing durable and recurring revenue $43B heavy duty gas turbine (HDGT) backlog for Upgrades improve plant performance and enhance service agreements-a) competitiveness driving ~$2B revenue / year • 70%+ backlog with 10+ years remaining on HDGT Efficiency & output upgrade del
Slide 6: Adding more HA gas turbines to the installed base grows future services backlog
Adding more HA-a) gas turbines to the installed base grows future services backlog-b) Growing HA installed base & service billings Fastest growing H class fleet … driving high utilization HA annual service billings $1.0B+ ~$0.7B 2.3 million Total operating hours at the end of ’23 Largest HA class fl
Slide 7: Lean progress accelerating at Gas Power
Lean progress accelerating at Gas Power Delivering value to customers with reduced outage times Improving manufacturing with lean lines Increasing number of Live Outages For every manufacturing hour that switches to a “lean line”: % of total outages ~30% ~30% ~45% ~45% >60% >60% 3x 50% Decrease in D
Slide 8: Decarbonizing through multiple innovative solutions
Decarbonizing through multiple innovative solutions Coal to gas switching Hydrogen Carbon Capture Small Modular Reactor (SMR) 25M tons of annual CO2 reduction Reached 8.5 million operating 3 Direct Air Capture (DAC) hub 8 early works agreements to be enabled from gas units shipped in ‘23 hours on hy
Slide 9: Nuclear SMR is a meaningful growth opportunity
Nuclear SMR is a meaningful growth opportunity Our launch project Priority regions for SMR growth (GW) 2035: ~5 2050: ~18 2035: ~20 2050: ~86 Planned BWRX-300 by Ontario Power Generation at Darlington 2035: ~12 ST 1 framework agreement for three more SMR units North American commercial contract for
Slide 10: Power: expanding profitability in 2024
Power: expanding profitability in 2024 Power 2023 2024E Dynamics • Solid revenue growth driven by higher Gas MSD organic services and equipment Revenue $17.4B growth* • Greater productivity, services volume & price more than offset inflation & investments in decarbonization technologies EBITDA $1.7B