Investor Presentaiton

Net profit, net interest-bearing debt, and credit metric Net profit DKKm 1,598 Q1 2021 5,701 Cash flow and net debt DKKm 6,832 281 24,280 37 -1,927 553 470 30,026 FFO / Adj. net debt % 59 25 Q1 2022 31 Dec CFO CAPEX 2021 Divest- ments Hybrid Lease Exchange 31 Mar coupon obligations rate adj. 2022 31 Mar 2021 31 Mar 2022 Net profit of DKK 5.7 bn • Higher EBITDA in Q1 2022 8 Net interest-bearing debt of DKK 30.0 bn, up DKK 5.7 bn • • . Operating cash flow including EBITDA offset by temporary margin payments of DKK 4.8 bn and a net cash outflow from work in progress Gross investments related to our Offshore and Onshore portfolio Divestment proceeds from Borkum Riffgrund 3 farm-down FFO / Adj. net debt of 25% • Credit metric in line with our target of around 25% • Decrease mainly due to lower FFO from variation margin payments, and higher net interest-bearing debt Orsted

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