Investor Presentation

Bigger turbines are driving bigger projects Larger turbine size is a key driver in development of the larger scale offshore wind farms going forward Turbine size (MW) 20 18 16 14 12 10 8 00 9 222222 4 Offshore wind farms by commissioning year, turbine size and windfarm capacity 2 0 2000 2005 2010 2015 2020 2025 2030 2035 Commissioning year Source: Spinergie - www.spinergie.com CADELER Americas Asia Europe

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