Nordex : Q3 2021 Analyst Presentation

Nordex Group

Nordex SE - Nine-month financial figures 2021

15th November 2021

Financial figures 9M/2021 | 15 November 2021

2 | Disclaimer

Disclaimer

• All financial figures within this presentation are unaudited.
• This presentation was produced in November 2021 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 9M/2021 | 15 November 2021

3 | Agenda

Agenda

Introduction	José Luis Blanco
Markets and orders	Patxi Landa
Financials	Dr Ilya Hartmann
Operations and technology	José Luis Blanco
Revised Guidance FY 2021	José Luis Blanco
Strategic targets	José Luis Blanco
Q&As	All
Key takeaways	José Luis Blanco

Financial figures 9M/2021 | 15 November 2021

4 | Introduction

Executive summary

9M/2021 RESULTS
Sales		EBITDA margin		Working capital ratio
EUR 3,956m		2.5%		-7.7%

• 4.6 GW of order intake (+23% yoy), thereof around 80% accounting for Delta4000 series.
• • 923 MW/162 turbines - Largest single order booked in the quarter from Acciona.
• Strong sales of almost EUR 4.0bn (+25% yoy) demonstrating solid execution despite ongoing supply chain disruptions.
• EBITDA margin at 2.5%, significantly impacted by ongoing inflationary pressures and logistical challenges.
• Much improved equity ratio at 28.5%, with net cash of EUR 516m, on the back of successful capital increase of EUR 586m completed in July 2021.
• Entry into the 6 MW class with the new N163/6.X turbine in September 2021.
• Guidance for FY 2021 and strategic targets revised due to accelerated cost increases in commodities and logistics.

Financial figures 9M/2021 | 15 November 2021

5 | Markets & orders

Order intake 9M/2021

Order intake turbine* (in MW)

Q3

+23%

H1

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

Europe

North America

Latin America

RoW

3,759

4,610

1,829

64%62%

1,227

2,5322,782

9M/20209M/2021

• Order intake in 9M/2021: EUR 3,219m (EUR 2,642m in previous year period)
  thereof in Q3/2021:
  EUR 1,257m (EUR 836m in Q3/2020)
• ASP of EUR 0.70m/MW remains stable in 9M/2021 compared to previous year period

16%18%

20%20%

9M/20209M/2021

• Largest single markets in 9M/2021: Australia, Brazil, Germany, Finland and Spain
• 80% of the order intake accounts for various turbine types of Delta4000 generation in the 9M/2021
• Order intake received from 16 different countries in 9M/2021

Financial figures 9M/2021 | 15 November 2021

*Group segment "Projects".