Why Linde

Linde is a Strong Investment

Linde brings together resilience, disciplined execution, and sustainable growth.

• ~62% of sales come from resilient end markets such as healthcare, food and beverage and electronics.
• A broad presence across the Americas, EMEA, and APAC balances geographic exposure.
• Long‑term supply agreements with high‑quality customers provide predictable, contractual cash flows.
• Fixed‑fee components and rental income further stabilize performance.

Bottom line: Linde's model is designed to create shareholder value through different economic cycles.

Growth Strategy and Execution

Linde's strategy focuses on increasing network density through the three different supply modes; onsite, merchant and packaged.

Maximize the Base

• Integrated supply model
• Network density
• Pricing discipline and productivity improvements

Accelerate Growth

• Expanding project backlog
• Disciplined acquisitions

Leverage Technology

• Engineering leadership
• Digital and AI capabilities
• New and emerging gas applications

All efforts are grounded in safety, compliance, people, and sustainability.

Contractual Growth Through a High‑Quality Project Backlog

Linde's $11 billion backlog provides multi‑year, contractual growth.

• $8.1B from sale‑of‑gas (SOG) projects supported by long‑term agreements
• $3B from sale‑of‑plant (SOP) projects

Backlog projects deliver secure cash flows, attractive returns, and increased network density.

Environmental and Sustainability Performance

Linde enables more than twice the carbon benefit relative to its own emissions.

• ~96 million metric tons of CO₂e avoided annually through customer applications
• ~37.4 million metric tons of CO₂e Scope 1 and 2 emissions

Key applications include industrial efficiency, clean‑fuel production and low‑carbon steelmaking solutions.

This reflects strong "carbon productivity" across the business.

Financial Strength and EPS Growth Model

Linde has a proven EPS growth model of 8–12% annually, excluding macro effects.

Growth drivers include:

• Pricing and productivity
• Cost discipline
• Backlog execution
• Share repurchases and disciplined capital allocation
• Targeted bolt‑on acquisitions

Linde has delivered six consecutive years of double‑digit EPS growth.

Proof Points and Key Metrics 

• $11B contractual project backlog
• ~96 million metric tons of CO₂e benefits enabled annually
• Global recognition for sustainability, ethics, and safety

Why Investors Choose Linde

• Execution - price and productivity
• Resilient business model
• Strategy - building density
• Capital discipline and allocation
• Strong cash flow generation
• Growth opportunities in Electronics and Space
• High-performance culture
• Transparency