Baker Hughes

Climate Technology Solutions

Chris Barkey, CTO, Industrial & Energy Technology Alessandro Bresciani, SVP - Climate Technology Solutions

Tom Harper, VP - Commercial Development, Climate Technology Solutions

January 30, 2023

Copyright 2023 Baker Hughes Company. All rights reserved. The information contained in this document is company confidential and proprietary property of Baker Hughes and its affiliates. It is to be used only for the benefit of Baker Hughes and may not be distributed, transmitted, reproduced, altered, or used for any purpose without the express written consent of Baker Hughes.

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This presentation (and oral statements made regarding the subjects of this release) may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of

1934, as amended, (each a "forward-looking statement"). The words "anticipate," "believe," "ensure," "expect," "if," "intend," "estimate," "project," "foresee," "forecasts," "predict," "outlook," "aim," "will," "could," "should," "potential," "would," "may," "probable," "likely," and similar expressions, and the negative thereof, are intended to identify forward-looking statements. There are many risks and uncertainties that could cause actual results to differ materially from our forward-looking statements. These forward-looking statements are also affected by the risk factors described in the Company's annual report on Form 10-K for the period ended December 31, 2021 and those set forth from time to time in other filings with the Securities and Exchange Commission ("SEC"). The documents are available through the Company's website at: www.investors.bakerhughes.com or through the SEC's Electronic Data Gathering and Analysis Retrieval ("EDGAR") system at: www.sec.gov. We undertake no obligation to publicly update or revise any forward-looking statement.

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CLIMATE TECHNOLOGY SOLUTIONS

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Decades of experience working with natural gas, H2 & CO2

Uniquely placed to play a leading role in the decarbonization of the energy & industrial sectors

Baker Hughes Today

#1 provider of liquefaction equipment and services

60 years of experience working with Hydrogen

Leading provider of compression equipment for all gases

Condition monitoring specialist - driving equipment reliability & efficiency

Early Life of CTS

~$400M of New Energy orders in 2023

Deploying existing equipment in CCUS, H2, Clean Power &

Emissions Management applications

Leveraging relationships with energy companies to play a leading role in early-stage projects

Future CTS

$6-7B New Energy orders opportunity by 2030

Global leader in energy efficiency and carbon abatement technologies

Successfully incubated and commercially deployed technology investments

Diverse customer base across energy & industrial sectors

Copyright 2023 Baker Hughes Company. All rights reserved.

CLIMATE TECHNOLOGY SOLUTIONS

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CTS - our approach

Leveraging our existing technologies and market presence, while we build for the future

OUR APPROACH

Enter new markets & penetrate

existing customer base

Decarbonize existing O&G customer operations with existing technology

  • Leverage installed base
  • Emissions Abatement leveraging proven technologies

Enter new industrial markets

  • Create new cross-industry partnerships
  • Build new industrial sales

Building new business models &

offerings for a "forming" market

  • Creating a differentiated position as the market evolves

Copyright 2023 Baker Hughes Company. All rights reserved.

Invest in future, innovative

technologies

Focused on adding capabilities in areas of CCUS, H2 & Clean Power

The future of gas fired power generation

Low LCOC1 for small emitters

Net-zero H2

Gen II Solvent for large scale Carbon Capture

MOFs2 platform for Direct

Air Capture

+ Additional 7 investments

Leverage technology expertise to commercialize investments

World leading R&D capability

  • Advanced manufacturing & materials engineering
  • Turbomachinery, Fluid dynamics, Roto dynamics & combustion

Global network of test centers

  • Bench Scale , Full Scale & Field Pilot testing facilities

Global supply chain and manufacturing scale

  1. Levelized Cost of Capture
  2. Metal-organicFramework

CLIMATE TECHNOLOGY SOLUTIONS

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Market activity - strategic collaborations

A sample of our successes so far

  • Green Hydrogen, NEOM, Saudi Arabia - Providing advanced hydrogen compression technology
  • Blue Hydrogen, Edmonton, Alberta, Canada - Providing 100% hydrogen fueled NovaLT 16 gas turbine technology to APD
  • CCUS, Kasawari, Sarawak, Malaysia - Separate and compress 3.3 MTPA of CO2 at the offshore CCS platform, the worlds largest offshore CCS facility

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Baker Hughes Company published this content on 30 January 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 January 2023 12:43:08 UTC.