Q2 2021 Financial Highlights and Offshore Wind Build-Out Plan

Q2 2021 - Financial performance Net profit DKKm 5,544 Free cash flow DKKm CFO CAPEX Divestments 1,605 3,147 4,485 10,591 8,197 45 -3,757 -12,133 Net interest-bearing debt development DKKm 13,190 172 194 116 12,067 -1,605 -825 Q2 2020 Q2 2021 Q2 2020 Q2 2021 31 Mar 2021 Free cash flow Hybrid coupon Lease obligation additions Exchange rate adj. 30 Jun 2021 Net profit up DKK 6.4 bn . Higher EBITDA in Q2 2021 . Lower net interest expenses due to lower net debt Effective tax rate significantly impacted by the tax exempt gain from Borssele 1 & 2 farm- down • FCF totalled DKK 1.6 bn Operating cash flow including tax equity contribution from partner at Permian Energy Center Divestments relating to 50% farm-down of Borssele 1 & 2 and 25% of Ocean Wind 1, and final settlement with GIP regarding Hornsea 1 divestment Net interest-bearing debt of DKK 12.1 bn, down DKK 1.1 bn • Positive free cash flow of DKK 1.6 bn Orsted

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