Full Year 2023 Investor Presentation

148 Investor presentation Full year 2023 Operating profit expected to be negatively impacted by currencies in 2024, partly countered by net financials Avg. FY 2023 vs. Avg. FY 2022 Exp. Avg FY 2024'vs. FY 2023 FY 2023 • 10% Hedged 0% -10% USD/DKK CNY/DKK JPY/DKK CAD/DKK GBP/DKK 12% -8% Non- hedged -28% -48% RUB/DKK INR/DKK ARS/DKK BRL/DKK TRY/DKK Negative FX impact on operating profit of -5.0 bDKK Positive FX impact on net financials of +1.7 bDKK Foreign exchange net gain of -3.3 bDKK FY 2024 outlook ⚫ Currency impact on Operating profit is expected to be -2%-points Net financial items is expected to be a gain of around DKK 1.3 billion mainly driven by gains on USD hedging contracts and interest income (cash and marketable securities). 1 Year-to-date realised data and remainder expected flat currency development based on the spot rate as of 9 Jan 2024 USD: United States dollar; DKK: Danish Kroner; CNY: Chinese yuan renminbi; JPY: Japanese yen; CAD: Canadian Dollar; GBP: British pound sterling; RUB: Russian Ruble; INR: Indian rupee; ARS: Argentine Peso; BRL: Brazilian Real; TRY: Turkish New Lira Novo NordiskⓇ

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