GE Aerospace : 1Q 2024 Earnings Presentation

Caution concerning forward-looking statements:

This document contains "forward-looking statements" - that is, statements related to future events that by their nature address matters that are, to different degrees, uncertain. For details on the uncertainties that may cause our actual future results to be materially different than those expressed in our forward-looking statements, see www.geaerospace.com/investor-relations/important-forward-looking-statement-information as well as our annual reports on Form 10-K and quarterly reports on Form 10-Q. We do not undertake to update our forward-looking statements. This document also includes certain forward-looking projected financial information that is based on current estimates and forecasts. Actual results could differ materially.

Non-GAAP financial measures:

In this document, we sometimes use information derived from consolidated financial data but not presented in our financial statements prepared in accordance with U.S. generally accepted accounting principles (GAAP). Certain of these data are considered "non-GAAP financial measures" under the U.S. Securities and Exchange Commission rules. These non-GAAP financial measures supplement our GAAP disclosures and should not be considered an alternative to the GAAP measure. The reasons we use these non-GAAP financial measures and the reconciliations to their most directly comparable GAAP financial measures are included in our earnings release and the appendix of this presentation, prior earnings presentations and our current report on Form 8-K dated April 11, 2024, as applicable.

Amounts shown on subsequent pages may not add due to rounding. Except for reported 1Q 2024 financial information presented on page 4, 17 & 18 all key metrics presented herein represent preliminary unaudited supplemental consolidated financial information presented to reflect the separation of GE Vernova for the periods presented herein. Beginning in the second quarter of 2024, GE Aerospace will operate through two reportable segments: Commercial Engines and Services and Defense and Propulsion Technologies. This financial information is based on current estimates, which may be subject to change pending final GE Vernova separation adjustments, and is presented excluding the results of GE Vernova to provide investors with a relevant comparison for the Company's future results.

GE Aerospace's Investor Relations website at www.geaerospace.com/investor-relations, as well as GE Aerospace's LinkedIn and other social media accounts, contain a significant amount of information about GE Aerospace, including financial and other information for investors. GE Aerospace encourages investors to visit these websites from time to time, as information is updated, and new information is posted.

2

GE begins again as three industry leaders

Successful completion of multi-year transformation

3

GE consolidated: 1Q'24 snapshot

Including GE Aerospace and GE Vernova

Strong 1Q'24, largely driven by significant profit and FCF* growth at GE Aerospace

GE Aerospace: key messages

* Non-GAAP Financial Measure

5

GE Aerospace: delivering our strategic priorities, with safety and quality first

... one team, one operating model, one strategy, one culture

6

GE Aerospace: 1Q'24 performance

On a standalone basis-a)

Operating profit margin* 19.1%

1Q'24 revenue, profit, FCF* all up double-digits

* Non-GAAP Financial Measure

(a - Amounts are unaudited & represent our current estimates; refer to page 1 (b - FCF* conversion: FCF* / adjusted net income*

Free cash

flow*

$1.7B

+Favorable y/y

FCF* conversion-b)

~160%

7

Commercial Engines & Services (CES): environment

Demand remains robust … continued commercial momentum

8

Commercial Engines & Services (CES): 1Q'24 performance

On a standalone basis-a)

Defense & Propulsion Technologies (DPT): 1Q'24 performance

On a standalone basis-a)