Q3 2023 Financial Highlights & Renewable Capacity Update

5 We are taking actions to improve our capital structure Capital structure significantly challenged by adverse developments Short-term negative impact from ceased project developments Continued higher interest rate level assumed to negatively affect future divestment proceeds Updated forward power price curves leading to lower expected revenue Supply chain constraints and capex increases Levers to support long-term rating commitment of BBB+/Baal • . . Organisational efficiencies including cost saving initiatives Working capital improvements such as supply chain financing Prioritisation of development activities . JV partnerships and farm-downs Assessment of potential implications for current long-term strategic build-out ambition and financial targets FFO/adjusted net debt 43% 21% Long-term commitment 25% 2022 9M 2023 Orsted

View entire presentation