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Investor Relations

GE Vernova Investor Day 2024

Steve Winoker
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We are excited to host GE Vernova’s 2024 Investor Day in New York City, starting at 8:00am ET today ahead of its launch as an independent, public company on April 2, 2024. You can access a live webcast of the presentations, as well as accompanying slides and press release, on our investor relations website here.

GE Vernova CEO Scott Strazik will be joined by several members of GE Vernova’s leadership team, with opening remarks from GE Chairman and CEO and GE Aerospace CEO H. Lawrence Culp, Jr. and GE Board member and GE Vernova Non-Executive Chair Steve Angel.

H. Lawrence Culp, Jr. said, “Today is a tremendous milestone for GE Vernova, which is ready to stand on its own as an independent, investment-grade company leading the energy transition. Under Scott Strazik’s leadership, GE Vernova is expected to deliver significant free cash flow growth and is well-positioned to lead the industry forward. I am extremely proud and confident in the future of GE Vernova.”

Scott Strazik said, “The energy transition is the next investment supercycle, and today we are excited to share GE Vernova’s value creation strategy. With a vast installed base, growing recurring revenue from high margin services, and a significant backlog, GE Vernova provides a unique scope and scale of solutions to serve the world’s most impactful electricity providers. I am also proud to introduce GE Vernova’s sustainability framework that will guide our work to create a more sustainable power system, utilizing our lean operating system and investments in innovation.”

GE Vernova is purpose-built to electrify and decarbonize, serving the vital energy transition market with multi-decade growth. Throughout today’s event, speakers will discuss how GE Vernova is executing with sustainability, innovation, and lean at its core, while delivering disciplined growth to drive margin expansion, higher free cash flow*, and effective capital allocation. Additionally, GE Vernova reaffirmed its 2024 guidance for revenue of $34B to $35B, mid-single digit (high-end) adjusted EBITDA margin*, and free cash flow* of $0.7B to $1.1B. By 2028, GE Vernova expects to deliver mid-single digit organic revenue growth*, adjusted EBITDA margin* of 10%, and free cash flow* conversion between 90% to 110%.

We look forward to sharing more today about GE Vernova’s growth prospects and strategy to drive value for shareholders.

We welcome your feedback, as always, and thank you for your continued interest.


Steve, Michael, & team

This document contains "forward-looking statements." 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 here.

*Non-GAAP Financial 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 registration statement on Form 10 and the 2024 Investor Day Presentation.

** FCF* conversion: FCF* / adj. net income*