GE Aerospace Hosts 2024 Investor Day - Seite 2

Operating profit*

$6.0 - $6.5 billion

$7.1 - $7.5 billion

~$10B

(Low-double-digit CAGR ‘25-’28)

Free cash flow*

>$5 billion

>100% conversion^-a)

~100% conversion^-a)

(a – FCF* conversion: FCF*/adjusted net income*

Capital Allocation Framework

GE Aerospace will also unveil its capital allocation priorities as a standalone company:

• Invest in growth and innovation: R&D and capex to support customers and provide industry leading technology;
• Return cash to shareholders: ~70-75% of available funds returned through dividend and buy-backs, including initial dividend payout at 30% of net income, subject to board approval, and $15 billion share buy-back authorization; and
• Focused M&A: disciplined approach with a focus on strategic, operational, and financial synergies.

This framework is underpinned by a strong, investment-grade balance sheet, including available cash from free cash flow*, future monetization of our AerCap note and remaining equity stake in GE HealthCare, and a post-spin pro forma cash balance of $13 billion.

Event Webcast

GE Aerospace will broadcast the event live via webcast today starting at 8:00am EST. The webcast and accompanying slide presentation containing financial information can be accessed at https://www.geaerospace.com/investor-day-2024. An archived version of the webcast will be available on the website after the call.

GE Chairman and CEO and GE Aerospace CEO H. Lawrence Culp, Jr., will be joined by the following leaders: Russell Stokes, President and CEO, Commercial Engines and Services; Farah Borges, Vice President, Assembly, Test, Maintenance, Repair and Overhaul; Mohamed Ali, Vice President, Engineering; Amy Gowder, President & CEO, Defense and Systems; Riccardo Procacci, President and CEO, Propulsion and Additive Technologies; Rahul Ghai, SVP & CFO, GE and CFO, GE Aerospace; and Steve Winoker, VP & Chief Investor Relations Officer.