2 DECEMBER 2020

ARJEN BERENDS,

CHIEF FINANCIAL OFFICER & EXECUTIVE VICE PRESIDENT

© Wärtsilä

INNOVATING

TOGETHER

FOR A SUSTAINABLE

SINCE 1834

FUTURE

2

© Wärtsilä

2 December 2020

Arjen Berends

PREVAILING UNCERTAINTY AFFECTING OUR DEMAND ENVIRONMENT

Total vessel contracting

Number of vessels

Million CGT

250

Merchant

Offshore

5,0

Cruise and ferry

Special vessels 4,5

200

3 months moving average in CGT

4,0

3,5

150

3,0

2,5

100

2,0

1,5

50

1,0

0,5

0

01.12

0,0

01.11

07.11

07.12

01.13

07.13

01.14

07.14

01.15

07.15

01.16

07.16

01.17

07.17

01.18

07.18

01.19

07.19

01.20

07.20

Source: Clarksons Research, contracting as per 5 October 2020

CGT= gross tonnage compensated with workload

3

© Wärtsilä

2 December 2020

Arjen Berends

Global electricity generation mix

Historical global power

NEO 2020 global power

2019

100%

Other

90%

Hydro

Solar

80%

56% solar

70%

Nuclear

Wind

& wind

60% Oil

50%

Gas

69%

renewables

40%

30%

20%

Coal

24% fossil

10%

fuels by

0%

2050

1970

1980

1990

2000

2010

2020

2030

2040

2050

Source: BloombergNEF New Energy Outlook 2020

ORDER INTAKE HOLDING UP DESPITE DIFFICULT MARKET BACKDROP

MEUR, 12m rolling

  1. 000
  1. 000
  1. 000
  1. 000
  1. 000
  1. 000

Third quarter development by business area

3% (5)

33%

42%

Marine Power

(27)

Marine Systems

(46)

Voyage

Energy

1 000

Q3

0%

Portfolio Business

4%

979981

0

Q418-Q319Q119-Q419Q219-Q120Q319-Q220Q419-Q320

Third quarter 2020 and comparison 2019

(7)

18%

(15)

4

© Wärtsilä

2 December 2020

Arjen Berends

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Wärtsilä Oyj published this content on 02 December 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 December 2020 09:48:06 UTC