Q2 2021 Financial Highlights and Offshore Wind Build-Out Plan

2021 guidance, strategic ambition and financial guidance 2021 guidance EBITDA without new partnerships Gross investments DKKbn 15-16 Strategic ambition and financial guidance Ambition for installed renewable capacity by 2030 ~50 GW 39-41 - Offshore ~30 GW - Onshore ~17.5 GW Business unit EBITDA FY 2021 vs. FY 2020 Direction Total CAPEX spend, 2020-2027 DKK 350 bn Offshore Significantly lower - Offshore & Hydrogen -80% Onshore Higher - Onshore -20% Bioenergy & Other Higher Average ROCE, 2020-2027 11-12% Average share of EBITDA from regulated and contracted activities, 2020-2027 -90% Average yearly increase in EBITDA from offshore and onshore assets in operation, 2020-2027 -12% Rating (Moody's/S&P/Fitch) Baal/BBB+/BBB+ FFO/Adjusted net debt threshold -25% Ambition to increase the dividend paid by a high single-digit rate compared to the dividend for the previous year up until 2025 12 Orsted

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