GE Aerospace
2024 Annual Shareholders Meeting
May 7, 2024
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2024 GE Aerospace Annual Shareholders Meeting 2
AGENDA
Report on company operations
Director elections and management proposals Shareholder proposals
Balloting
Preliminary vote report General Q&A
2024 GE Aerospace Annual Shareholders Meeting 3
GE: Positioned independent companies for success
Delivered for shareholders in 2023
Excellent financial results from strong demand & better execution … ~3x earnings, much higher FCF*
Simplified balance sheet … continued exiting equity stakes and redeemed preferreds while
returning ~$2B through dividends & buybacks
Strong foundations for independent companies …
dedicated BoDs, investment-grade ratings
Created value through GE's transformation
Strengthened our businesses … scaled lean
and decentralization; built lasting culture
Improved our financial position … reduced $100B+ debt; significantly de-risked GE
Formed independent GE HealthCare, GE
Aerospace, and GE Vernova … fit for purpose
* Non-GAAP Financial Measure
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A New Era
April 2, 2024
2024 GE Aerospace Annual Shareholders Meeting 5
O U R P U R P O S E
We invent the future of flight, lift people up and
bring them home safely
~3B
Passengers flew
with GE technology-a)
under wing in 2023
~900K
People flying at any
given time on GE-a) powered
aircraft
3 out of 4
Commercial flights
powered by
our engines-a)
(a - Includes equipment made by CFM & Engine Alliance Joint Ventures
CFM is a 50/50 Joint Venture between GE & Safran Aircraft Engines; Engine Alliance is a 50/50 Joint Venture between GE & Pratt & Whitney
2024 GE Aerospace Annual Shareholders Meeting 6
GE Aerospace: Defining flight with unrivaled technology & customer service
Global aerospace leader in attractive
propulsion, services and systems sectors
Industry's largest & growing commercial propulsion fleet,
with unrivaled technology and customer service
Rotorcraft and combat engine provider of choice,
innovating next generation capabilities
2024 GE Aerospace Annual Shareholders Meeting 7
Roadmap: One team, one strategy, one operating model, one culture
T O D AY
Service & readiness | Financial | |||||
Operational | ||||||
results | performance | |||||
T O M O R R O W | ||||||
Delivering the ramp
F U T U R E | Hoshin | |
Kanri | ||
Inventing next-gen | ||
flight technology |
2024 GE Aerospace Annual Shareholders Meeting 8
GE Aerospace: Set to soar
Customer | Highest | Most | ||||||||||||
preferred | operational | extensive | Breakthrough | |||||||||||
platforms | reliability | installed base | innovation | |||||||||||
Best performing products | Robust technologies and | Unrivaled customer | Leading engineering | GE Aerospace's | ||||||||||
and services underwing, | proven products ... | service and flight | inventing next-gen | proprietary lean operating | ||||||||||
balanced across | continuous improvements | support creates customer | technology to | model to deliver | ||||||||||
narrowbody, widebody, | prioritizing safety, quality, | intimacy, learning, and | decarbonize while driving | exceptional value to | ||||||||||
rotorcraft, combat and | delivery, and cost - in that | network flexibility across | efficiency, reliability, | customers and | ||||||||||
mobility platforms | order | industry's largest fleets | durability and capability | shareholders |
Consistently growing profit and generating FCF*, compounding with capital deployment and return opportunities
* Non-GAAP Financial Measure
2024 GE Aerospace Annual Shareholders Meeting 9
GE Aerospace Board of Directors
C | |||||
H. Lawrence Culp, Jr. | Thomas Horton G | Stephen Angel C | Sébastien Bazin | G | Margaret "Peg" Billson A |
Former president and CEO, of | |||||
Chairman and CEO, | Lead Director | Former CEO of Linde plc | Chair and CEO, AccorHotels | ||
BBA Aviation, plc's Global | |||||
GE Aerospace | Partner, Global Infrastructure | ||||
Engine Services Division | |||||
Partners | |||||
AAA
Thomas Enders C | Edward Garden C | Isabella Goren A | Catherine Lesjak G | Darren McDew G |
Former CEO of Airbus SE and | Chairman and CEO, | Former CFO, American | Former CFO, HP | Retired general, |
its predecessor EADS NV | Garden Investments | Airlines and AMR | United States Air Force | |
Committee Membership: | Committee chair A Audit | C Compensation G Governance |
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GE Aerospace - General Electric Company published this content on 07 May 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 May 2024 15:16:02 UTC.