Company: BKR
Filing Date: 2025-03-31
Form Type: DEF 14A
Source: 0001193125-25-067674
Chunk: 39

Company: Baker Hughes Co
Filing Date: 2025-03-31
Form: DEF 14A
Chunk 39
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 to shape the Company for strength and future growth. 2024 Highlights We delivered strong shareholder returns in 2024 through continuing to maintain a strong balance sheet that enables financial flexibility and prioritizes free cash flow generation, and delivering on revenue growth and EBITDA margin expansion.

| Performance                                     |     | Technology and Innovation                 |     | Sustainability and Leadership                     |
| $28.2B   in orders                              |     | $643M   in research and development       |     | AA   ESG rating by MSCI                           |
| 47%   increase in adjusted EPS*                 |     | >1,600   patents granted worldwide in ‘24 |     | 28.3%   reduction in Scope 1 & 2 GHG emissions*** |
| 22%   increase in adjusted EBITDA*              |     | $1.3B   in new energy orders              |     | 206   HSE Perfect Days****                        |
| $2.26B**   free cash flow*                      |     |                                           |     |                                                   |
| $1.3B   free cash flow returned to shareholders |     |                                           |     |                                                   |

| * | Adjusted EBITDA, free cash flow and adjusted EPS are non-GAAP measures. A reconciliation of GAAP to non-GAAP measures is included in the Proxy Statement in Annex A |

| ** | 10% increase year-over-year |

| *** | 2023 actual compared to 2019 base year |

| **** | An HSE Perfect Day is a day without injury, vehicle accidents, or harm to the environment |

Highlights of 2024 Compensation Decisions The Company continued to reinforce market-aligned and pay-for-performanceelements of its compensation programs.

| 2024 Compensation Decisions                                                      |     |                                                                                                                                                                                               |     |                                                                                                                             |
| Approved selective NEO base salary increases for 2024, to align with the market. |     | Approved corporate funding for the 2024 annual bonus at 140% of target, with payouts ranging between 130% and 160% of target, and 2022 Performance Share Units (“PSUs”) at 166.82% of target. |     | Awarded annual long-term incentive grants with 60% PSUs weighting for the CEO with an emphasis on outperforming the market. |
| Page 40                                                                          |     | Pages 41 & 43                                                                                                                                                                                 |     | Page 43                                                                                                                     |

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Executive Compensation CEO Three-Year Realizable