Investor Presentaiton

Offshore - Financial Highlights Financial highlights Q1 2023 Q1 2022 A FY 2022 FY 2021 A EBITDA DKKm 5,412 5,919 (9%) 19,569 18,021 9% Sites, O&Ms and PPAs 5,859 3,698 58% 9,940 13,059 (24%) • Construction agreements and divestment gains (42) 2,620 n.a. 12,277 7,535 63% 11.3 10.9 10.7 • Other, incl. project development (405) (399) 2% (2,648) (2,573) 3% 9.5 9.8* 8.4 7.7 Key business drivers Power generation GWh 5,162 4,502 15% 16,483 13,808 19% Wind speed m/s 10.9 11.3 (3%) 9.5 9.1 4% Availability % 95 95 0%p 94 94 (0%p) Q1 Q2 Q3 Q4 FY Load factor % 53 54 (1%p) 42 39 3%p ■2022 2023 "Normal wind year" Decided (FID) and installed GW 12.0 11.1 8% 11.1 10.9 1% capacity¹ Installed capacity¹ GW 8.9 7.6 17% 8.9 7.6 17% Generation capacity2 GW 4.7 4.2 12% 4.7 4.0 17% 28 1. Installed capacity: Gross offshore wind capacity installed by Ørsted before divestments. 2. Generation capacity: Gunfleet Sands and Walney 1 & 2 are consolidated according to ownership interest. Other wind farms are financially consolidated. * Indicates m/s for full year 2023 (if Q2, Q3 and Q4 follow the normal wind year) Orsted

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