Nordex Group

Nordex SE - Financial figures Q2/2022

15th August 2022

2 |

Disclaimer

  • All financial figures within this presentation are unaudited.
  • This presentation was produced in August 2022 by Nordex SE solely for use as a source of general information regarding the economic circumstances and status of Nordex SE. It does not constitute an offer for the sale of securities or an invitation to buy or otherwise acquire securities in the Federal Republic of Germany or any other jurisdiction. In particular it is not intended to be an offer, an investment recommendation or a solicitation of an offer to anyone in the U.S., Canada, Japan and Australia or any other jurisdiction. This presentation is confidential. Any reproduction or distribution of this presentation, in whole or in part, without Nordex SE's prior written consent is expressly prohibited.
  • This presentation contains certain forward-looking statements relating to the business, financial performance and results of Nordex SE and/or the industry in which Nordex SE operates, these statements are generally identified by using phrases such "aim", "anticipate", "believe", "estimate", "expect", "forecast", "guidance", "intend", "objective", "plan", "predict", "project", and "will be" and similar expressions. Although we believe the expectations reflected in such forward-looking statements are based upon reliable assumptions, they are prepared as up-to-date and are subject to revision in the future. We undertake no responsibility to update any forward-looking statement. There is no assurance that our expectations will be attained or that any deviations may not be material. No representation or warranty can be given that the estimates, opinions or assumptions made in, or referenced by, this presentation will prove to be accurate.

Financial figures Q2/2022 | 15 August 2022

3 | Agenda

Agenda

Introduction

José Luis Blanco

Markets and orders

Patxi Landa

Financials

Dr Ilya Hartmann

Operations and technology

José Luis Blanco

Guidance FY 2022 and outlook

José Luis Blanco

Q&As

All

Key takeaways

José Luis Blanco

Financial figures Q2/2022 | 15 August 2022

4 | Introduction

Executive summary H1/2022

H1/2022 RESULTS

Sales

Adjusted EBITDA margin*

Working capital ratio

EUR 2,126m

-6.8%

-10.8%

  • Order intake in the first half-year 2022 increased to 3.0 GW (H1/2021: 2.8 GW) with Q2/2022 contributing 1.8 GW
    (Q2/2021: 1.5 GW).
  • Sales improved sequentially as expected to EUR 1,193m in Q2/2022 and reaching EUR 2,126m in H1/2022 (EUR 2,697m same period last year). Sales to improve further in the second half 2022 due to increase in installations.
  • Adjusted EBITDA margin before footprint reconfiguration costs stood at -6.8% in H1/2022, mainly due to macro- economic headwinds, effects from Ukraine conflict and supply chain disruptions as expected. Reported EBITDA margins stood at -8.1%.
  • Robust working capital development with -10.8% in H1/2022.
  • Cyber security incident end of March: Nordex back on track - most key systems and applications restored.
  • Guidance for FY 2022 confirmed and strategic target of an EBITDA margin of 8 percent remains in place, once macro economic environment has stabilized.
  • Capital structure significantly strengthened in the current volatile environment on the back of a EUR 637m financing package consisting of equity placement, new shareholder loan facility and the rights issue.

Financial figures Q2/2022 | 15 August 2022

*Before footprint reconfiguration costs.

5 | Markets & orders

Order intake H1/2022

Order intake turbine* (in MW)

+8%

Order intake turbine* by regions (in MW in %)

Europe

North America

Latin America

2,782

3,002

71%

70%

H1/2021H1/2022

7%

29%

23%

H1/2021

H1/2022

  • Order intake in H1/2022: EUR 2,357m (EUR 1,962m in the previous year period)
  • Continuous increase in ASP** over the last quarters: EUR 0.79m/MW in Q2/2022, EUR 0.78m/MW in Q1/2022 (Q2/2021: EUR 0.68m/MW)
  • Orders received from 19 different countries in the first half-year 2022
  • Largest single markets in Q2/2022: Germany, Poland, Spain, Brazil, Colombia and US
  • 92% of the order intake in H1/2022 is attributable to turbine types of the Delta4000 series (82% previous year period)

*Group segment "Projects".

Financial figures Q2/2022 | 15 August 2022

** Average Selling Price.

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Nordex SE published this content on 15 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 August 2022 05:12:04 UTC.