Company: BKR
Filing Date: 2025-03-31
Form Type: DEF 14A
Source: 0001193125-25-067674
Chunk: 4

Company: Baker Hughes Co
Filing Date: 2025-03-31
Form: DEF 14A
Chunk 4
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| 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 |     |                                           |     |                                                   |

| 2  2025 Proxy Statement |

Proxy Statement Summary

| * | 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 |

Purpose: We take energy forward – making it safer, cleaner, and more efficient for people and the planet. We seek to embed our commitment to people, planet, and principles at every level within the Company, and oversight rests with the Board of Directors (the “Board”). We view sustainability as a key part of our business strategy. We believe that operating Baker Hughes responsibly and providing products and services that help our customers achieve their sustainability goals afford us opportunities to grow our business; increase customer collaboration; attract, retain, and motivate employees; and differentiate us from our competitors. Our business strategy – first launched in 2020 – is built on three key pillars: transform the core, invest for growth, and position for new energy frontiers. We believe this strategy is driving our execution over three time horizons that look out to 2030 and beyond, and is designed to achieve an elevated margin and returns profile, differentiated shareholder returns, and strong exposure across the industrial and energy growth vectors. We believe our transformation over these three horizons will deliver significant long-term value to our shareholders and achieve our purpose of taking energy forward. Our differentiated portfolio of assets, technologies, and long-term strategy has allowed us to maintain a strong balance sheet and invest in differentiated solutions while we transform our operations to better deliver for energy and industrial customers and enhance shareholder value. Our responsibility We believe that