GE AEROSPACE HOSTS 2024 INVESTOR DAY•••GE Aerospace reaffirms guidance and presents longer-term financial outlook, including
achieving ~$10B of operating profit* in 2028
Consistent profit and free cash flow* growth enabling continued business investment andshareholder returns of ~70-75% of available funds through dividends and share buybacks
GE Aerospace is ready to trade publicly as an independent company on April 2, 2024 on
the NYSE under the ticker “GE”

NEW YORK — March 7, 2024 — Today, GE Aerospace will host its 2024 Investor Day in New York,New York. The event begins at 8:00am EST and can be viewed virtually here. GE Chairman andCEO and GE Aerospace CEO H. Lawrence Culp, Jr. will be joined by members of the leadershipteam to discuss the strategic priorities and near- and longer-term outlook for GE Aerospace inadvance of launching as an independent public company on April 2, 2024.
GE Chairman and CEO and GE Aerospace CEO H. Lawrence Culp, Jr. said, “GE Aerospace isready to launch as a standalone company on April 2. As a global leader in propulsion, services, andsystems, we are delivering exceptional value for our customers with unrivaled technology andservice, and the highest levels of operational reliability. With FLIGHT DECK, our proprietary lean
operating model, as the foundation, we will define flight for today, tomorrow, and the future.”
Culp continued, “Looking ahead, our financial outlook demonstrates confidence in our future, with arobust market and demand for our products and services underpinning continued growth acrossrevenue, operating profit and cash generation. Our strong balance sheet positions us to invest in
growth and innovation, while also returning approximately 70-75% of available funds through ourdividend and share buy-backs. I’m excited about GE Aerospace’s future and our plans to deliver forcustomers and maximize shareholder returns.”
During the Investor Day, GE Aerospace’s leadership team will discuss how as a standalonecompany, the team is well-positioned to create significant value through its:
• Large, growing installed base and differentiated technology and customer service;• Balanced commercial portfolio in narrowbody and widebody with an extensive servicesnetwork, delivering the most complete value proposition with safety, efficiency, and reliability;and• Position as the rotorcraft and combat engine provider of choice, investing in next generation
technology for U.S. and international programs.
Financial Outlook* Non-GAAP Financial Measure

GE Aerospace reaffirmed its 2024 financial guidance and 2025 outlook, and initiated its 2028
outlook:Financial metric2024 guidance2025 outlook

2028 outlook

Adjusted revenue*

Grow low-double-digits
High-single-digitor more
Grow low-double-digits CAGR ‘25-‘28

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 andbuy-backs, including initial dividend payout at 30% of net income, subject to board approval,
and $15 billion share buy-back authorization; andFocused 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 athttps://www.geaerospace.com/investor-day-2024. An archived version of the webcast will beavailable on the website after the call.
GE Chairman and CEO and GE Aerospace CEO H. Lawrence Culp, Jr., will be joined by thefollowing 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.
Non-GAAP Financial Measures in Financial Outlook & Framework* Non-GAAP Financial Measure

GE calculates forward-looking non-GAAP financial measures including Adjusted revenue* growth,
Operating profit*, Free cash flow*, and Free cash flow* conversion based on internal forecasts thatomit certain amounts that would be included in GAAP financial measures. GE does not provide
reconciliations of these forward-looking non-GAAP financial measures to the respective
corresponding GAAP metrics as it is unable to predict with reasonable certainty and without
unreasonable effort items such as the impact of changes in currency exchange rates, impacts
associated with business acquisitions or dispositions, timing and magnitude of restructuring activities
and revaluation of strategic investments, amongst other items. The timing and amounts of these
items are uncertain and could have a substantial impact on GE’s results in accordance with GAAP.

Caution Concerning Forward Looking Statements:
This document contains “forward-looking statements” — that is, statements related to future, notpast, events. These forward- looking statements often address GE’s expected future business andfinancial performance and financial condition, and often contain words such as “expect,” “anticipate,”“intend,” “plan,” “believe,” “seek,” “see,” “will,” “would,” “estimate,” “forecast,” “target,” “preliminary,” or“range.” Forward-looking statements by their nature address matters that are, to different degrees,
uncertain, and are subject to risks, uncertainties and assumptions. For GE, particular areas whererisks or uncertainties could cause GE’s actual results to be materially different than those expressedin GE’s forward-looking statements include: GE’s success in executing planned and potential
transactions, including GE’s planned spin-off of GE Vernova, and sales or other dispositions of GE’s
remaining equity interest in GE HealthCare, the timing for such transactions, the ability to satisfy any
applicable pre-conditions, and the expected proceeds, consideration and benefits to GE; changes inmacroeconomic and market conditions and market volatility, including risk of recession, inflation,
supply chain constraints or disruptions, interest rates, the value of securities and other financialassets (including GE’s equity interest in GE HealthCare), oil, natural gas and other commodity prices
and exchange rates, and the impact of such changes and volatility on GE’s business operations,financial results and financial position; and GE’s capital allocation plans, including the timing andamount of dividends, share repurchases, acquisitions, organic investments, and other priorities; andother factors that are described in the “Risk Factors” section of GE’s Annual Report on Form 10-K forthe year ended December 31, 2023, as such description may be updated or amended in any futurereports that GE files with the SEC. These or other uncertainties may cause GE’s actual future results
to be materially different than those expressed in its forward-looking statements. GE does notundertake to update its forward-looking statements.
GE’s Investor Relations website at www.ge.com/investor as well as GE’s LinkedIn and other social
media accounts, contain a significant amount of information about GE, including financial and otherinformation for investors. GE encourages investors to visit these websites from time to time, as
information is updated and new information is posted.
Additional Financial Information
Additional financial information can be found on the Company’s website at: www.ge.com/investor
under Events and Reports.
About GEGE (NYSE:GE) rises to the challenge of building a world that works. For more than 130 years, GE
has invented the future of industry, and today the company’s dedicated team, leading technology,and global reach and capabilities help the world work more safely, efficiently, and reliably. GE’s
people are diverse and dedicated, operating with the highest level of integrity and focus to fulfill GE’s
mission and deliver for its customers. www.ge.com
About GE Aerospace
GE Aerospace is a global aerospace propulsion, services, and systems leader with an installed baseof approximately 44,000 commercial and 26,000 military aircraft engines. With a global team of
52,000 employees building on more than a century of innovation and learning, GE Aerospace iscommitted to inventing the future of fight, lifting people up, and bringing them home safely. Learn
more about how GE Aerospace and its partners are defining flight for today, tomorrow and the futureat www.geaerospace.com
GE & GE Aerospace Investor Contact:
Steve Winoker, 617.443.3400
swinoker@ge.com
GE Media Contact:
Mary Kate Mullaney, 202.304.6514
marykate.nevin@ge.com
GE Aerospace Media Contact:
Nicole Sizemore, 203.945.9783
nicole.sizemore@ge.com