Nordex Group

Nordex SE - Financial figures Q1/2022

21st June 2022

Classification: Public

2 |

Disclaimer

  • All financial figures within this presentation are unaudited.
  • This presentation was produced in June 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 Q1/2022 | 21 June 2022

Classification: Public

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

José Luis Blanco

Outlook

José Luis Blanco

Q&As

All

Key takeaways

José Luis Blanco

Financial figures Q1/2022 | 21 June 2022

Classification: Public

4 | Introduction

Executive summary Q1/2022

Q1/2022 RESULTS

Sales

Adjusted EBITDA margin*

Working capital ratio

EUR 933m

-5.6%

-11.3%

  • Order intake of 1.2 GW in Q1/2022 shows a good start into the year with 91% orders for Delta4000 series.
  • Q1/2022 sales stood at EUR 933m (EUR 1,251m same period last year), in line with expectations partly on account of lower scheduled installations. Sales likely to step up in the coming quarters.
  • Adjusted EBITDA margin before footprint reconfiguration costs of -5.6% in Q1/2022 due to lower sales, higher cost provisioning from Ukraine conflict and other macro-economic headwinds.
  • Strong working capital development in Q1/2022.
  • Update on cyber security incident at the end of March - making significant progress in restoring full functionality.
  • Entering the 6 MW class successful installation of world`s first N163/6.X turbine.
  • FY 2022 guidance updated on 24 May reflects footprint reconfiguration costs, impact from cyber security incident and extra costs from macro-economic headwinds.
  • Target of 8% EBITDA margin in the mid-term confirmed once macro-economic environment has stabilized.

Financial figures Q1/2022 | 21 June 2022

*Before footprint reconfiguration costs.

Classification: Public

5 | Markets & orders

Order intake Q1/2022

Order intake turbine* (in MW)

-7%

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

Europe North America Latin America RoW

1,247

1,165

92%

89%

Q1/2021Q1/2022

  • Order intake totaled EUR 903m in Q1/2022 (EUR 911m in the previous year period)
  • Further increase in ASP** to EUR 0.78m/MW in Q1/2022 compared to EUR 0.74m/MW in Q4/2021 and EUR 0.69m/MW in Q3/2021

8%

11%

Q1/2021

Q1/2022

  • Orders received from 11 different countries in Q1/2022
  • Largest European single markets were Finland, Germany and Croatia
  • Over 90% of the order intake accounts for Delta4000 series in Q1/2022 (73% previous year period)

*Group segment "Projects".

Financial figures Q1/2022 | 21 June 2022

** Average Selling Price.

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Nordex SE published this content on 21 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 June 2022 05:13:01 UTC.