Investor Presentaiton

Hedging levels Hedging level of total exposures for each BU, as of 31/12/2021 Offshore 100% 95% 67% 51% 26% Year 1 Year 2 Year 3 Year 4 Year 5 Onshore 79% 80% 77% 78% 78% Year 1 Year 2 Year 3 Year 4 Year 5 Bioenergy 31 31% 13% 4% Year 1 Year 2 Year 3 Exposure is calculated as the expected production (or net purchase/sale) times the forward price for the respective years Orsted

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