Nordex : Q1 2021 Analyst Presentation

Nordex Group

Nordex SE - Financial figures Q1/2021

11 May 2021

2 |

Disclaimer

• All financial figures within this presentation are unaudited.
• This presentation was produced in May 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 Q1/2021 | 11 May 2021

3 | Agenda

Agenda

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

Financial figures Q1/2021 | 11 May 2021

4 | Introduction

Executive summary Q1/2021

Q1/2021 RESULTS
Sales		EBITDA margin		Working capital ratio
EUR 1,251m		0.8%		-7.6%

• Order intake of 1.25 GW in Q1/2021 shows a good start into 2021.
• 73% of the order intake accounts for Delta4000 turbine series.
• Sales increased to EUR 1,251m compared to EUR 965m last year reflecting high activity level.
• EBITDA margin of 0.8% as expected due to challenging market environment and ongoing Covid-19 pandemic.
• Refinancing of SSD secured via shareholder loan from anchor shareholder Acciona successfully executed.
• Nordex share included in the mid cap index (MDAX) of Deutsche Boerse Group since 22 March 2021.
• Guidance for FY 2021 maintained.

Financial figures Q1/2021 | 11 May 2021

5 | Markets & orders

Order intake Q1/2021

Order intake turbine* (in MW)

-24%

1,644

1,247

Q1/2020Q1/2021

• Solid order intake in Q1/2021 against the backdrop of the industry`s soft start into 2021
• Order intake totaled EUR 911m in Q1/2021 (EUR 1,185m in the previous year period)
• Increased ASP of EUR 0.73m/MW in Q1/2021 compared to 0.72m/MW in the previous year period

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

Europe North America Latin America RoW

79%		92%
0%
21%		8%		0%
	0%		0%
Q1/2020	Q1/2021

• Orders received from 11 different countries in Q1/2021
• Largest single markets in Q1/2021: Spain, Turkey, Germany and Finland
• 73% of the order intake accounts for Delta4000 turbine generation in the first quarter 2021

Financial figures Q1/2021 | 11 May 2021

*Group segment "Projects"