Investor Presentaiton

Onshore - Financial highlights FINANCIAL HIGHLIGHTS Q1 2022 Q1 2021 A FY 2021 FY 2020 A Wind speed (m/s), US onshore wind farms EBITDA DKKm 85'0 228 273% 1,349 1,131 19% ⚫ Sites 496 44 1,027% 535 451 19% • Production tax credits and tax attributes 568 283 101% 1,382 1,004 38% 7.7 7.7 7.3 7.9 7.4 7.3* 6.4 Other, incl. project development (214) (99) 116% (568) (324) 75% KEY BUSINESS DRIVERS Power generation GWh 3,203 1,647 94% 8,352 5,738 46% Q1 Q2 Q3 Q4 FY Wind speed, US m/s 7.7 7.7 о 7.4 7.6 (3%) ■■2021 2022 "Normal wind year" Availability, US wind % 96 93 3%p 96 96 96 0% Availability, US solar PV % 99 n.a. 96 Load factor, US wind do % 49 45 155 4%p 42 45 45 n.a. The wind speed indicates how many metres per second the wind has blown in the areas where we have onshore wind farms. The weighting is based on our generation capacity (3%p) Load factor, US solar PV % 21 n.a. 24 n.a. Installed capacity GW 3.6 1.7 112% 3.4 1.7 100% 28 Orsted

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