Nordex Group

2 | Company Presentation

AGENDA

1 WHO WE ARE
Management, key figures, history

2 WHERE WE ARE
Footprint

3 WHAT WE DO
Core business and products
3 | Company Presentation

THE MANAGEMENT team

José Luis Blanco Christoph Burkhard Patxi Landa

CEO CFO CSO

CEO Acciona CFO Siemens Wind Business Development

Windpower Power Offshore Director and Executive
Various Senior Committee member at
Various other
Management & Acciona Windpower
positions at
Chief Officer Siemens Various Chief Officer
positions at Positions at Acciona
Gamesa BHF Bank, EBRD
4 | Company Presentation

KEY FIGURES 2017 (preliminary)

SALES EBITDA margin

Sales of EUR 3.1bn EBITDA margin of 7.9%
according to guidance adjusted for one-off items
related to the cost saving
program “45-by-18”
WORKING CAPITAL
EBITDA
Working capital ratio of
5.3 % Adjusted EBITDA of
EUR 242m

INVESTMENTS
CAPEX increased to
EUR 144m
5 | Company Presentation

WHO WE ARE We have come a long way

Commencement
Founding of Installation of of industrial
Nordex in the 100th rotor blade
Denmark First company production
Nordex turbine
worlwide to Completion of the Installation
produce a world´s first series of the 2000th
MW-class turbine multi-MV turbine Nordex turbine

2000 2003 2005

1985 1995 1999 2000 2001 2003

Start of the series
production of the AW 1500
First AW 60/1300 Opening of the wind turbine
prototype assembly in Barásoain, Spain

Launch of
Launch of Launch of Nordex and 4 MW platform
Gamma generation Delta generation Acciona Windpower Delta4000
become one company

2007 2008 2013 2014 2016

2010 2013 2016 2017

Introduction More than
of the AW 3000 2000 MW
sold of the AW
Opening of the Industrial implementation Opening first
3000 platform
first turbine in Brazil with the opening assembly
facility of hub production plant plant in
in the Americas India
Punta Palmeras wind farm. Coquimbo, Chile
7 | Company Presentation

AGENDA

1 WHO WE ARE
History and Key figures

2 WHERE WE ARE
Footprint

3 WHAT WE DO
Core business and products
8 | Company Presentation

WHERE WE ARE Nordex production footprint

GOOD GEOGRAPHIC FIT FOR PRODUCTION TO SERVE GLOBAL DEMAND

GERMANY
Nacelle
Blade

SPAIN
Nacelle Nacelle (2)
Blade
INDIA
Towers (1) Nacelle
Towers (1)
Blade
BRAZIL
Nacelle
Towers (1) SOUTH AFRICA
Towers Towers (1)
(1)

Manufacturing sites
9 | Company Presentation

WHERE WE ARE – Track record

MORE THAN 23,3 GW INSTALLED WORLDWIDE

SPAIN 1,898 MW IRELAND 566 MW NORWAY 150 MW

FRANCE 1,526 MW GERMANY 4,279 MW SWEDEN 434 MW
PORTUGAL 408 MW POLAND 454 MW FINLAND 473 MW
ITALY 710 MW CZECH REPUBLIC 12 MW DENMARK 152 MW
CROATIA 30 MW ROMANIA 100 MW BELGIUM 48 MW
GREECE 127 MW BULGARIA 8 MW NETHERLANDS 265 MW
UK 1,202MW ESTONIA 18 MW
LITHUANIA 70 MW

TURKEY 1,667 MW
PAKISTAN 250 MW
INDIA 78 MW
CHINA 1,053 MW
JAPAN 73 MW
SOUTH KOREA 65 MW
CANADA 203 MW AUSTRALIA 264 MW
USA 3,185 MW EGYPT 63 MW
MEXICO 989 MW SOUTH AFRICA 563,4 MW
COSTA RICA 50 MW OTHERS 330 MW
COLOMBIA 20 MW
BRAZIL 857 MW
URUGUAY 309 MW
CHILE 105 MW

© Nordex 2018
10 | Company Presentation

WHERE WE ARE – Service network

WE PROVIDE A CLOSE-KNIT NETWORK ACROSS THE REGIONS WITH MORE

THAN 16.5 GW UNDER CONTRACT.

Northern
Europe
3.5 GW
Germany
North Medi- 2.8 GW
America terranean
2.6 GW 3.4 GW

Turkey &
Middle East
2.0 GW

Africa
Latin 0.5 GW
America
1.5 GW

© Nordex 2018
Hollich-Sellen wind farm, Northwestern Germany
12 | Company Presentation

AGENDA

1 WHO WE ARE
History and Key figures

2 WHERE WE ARE
Footprint

3 WHAT WE DO
Core business and products
13 | Company Presentation

WHAT WE DO Core business & products

GLOBAL SERVICE. The Service makes the difference

Maintenance & Monitoring & Spare parts Training

inspections technical support management
Uniform
Maintenance 24/7 Control Worldwide
qualification
Centre supply of
HSE of all service
spare parts,
inspections Support for technicians
365 days a year
technical issues worldwide

Off-site
On-site

Trouble shooting Data analysis Upgrades &

& repair modernizations
Onsite repair & Analysis of Products to
troubleshooting global fleet enhance the
Exchange & data as well as performance
overhaul of major Wind & Site of the installed
components data fleet
14 | Company Presentation

WHAT WE DO Core business & Products

VALUE CHAIN. More than a manufacturer

PROJECT TURBINE CIVIL ELECTRICAL INSTALLATION &

SERVICE
DEVELOPMENT DELIVERY WORKS INFRASTRUCTURE COMMISSIONING

Selection of location
Ownership
Optimal siting
Wind measurements
Soil survey
Sound / shade emission
Economic viability
Grid connection
Special purpose registration
Environmental permitting
Building permitting

Project Development, Wind Farm Production and Wind Farm Services and
Marketing, Financing System Planning Technical Implementation Operations Maintenance

Leading company in
France
Active also in India
Review customer Assemble WTG Offer additional Provide high quality
micro-site planning services: increased service to minimize
Produce selected
demand due to new downtime and
Support customers components (blades,
wind farm investors maximize yield
(co-development) to control systems)
interested in stable
receive approvals and
Install onsite cash flows
to optimise park layouts
Carry out initial operation
15 | Company Presentation

WHAT WE DO – Our product portfolio

THE COMPREHENSIVE PRODUCT PORTFOLIO ENABLES US TO CATER ALL

MARKETS AND WIND CONDITIONS. AROUND THE GLOBE.

TOGETHER. Winning in very different markets.

Light Medium Strong

wind wind wind

N133/4.8
4 MW +
N149/4.0-4.5
N100/3300 Optimum product defined by
N117/3000-3600
N131/3000-3900
AW116/3000
wind conditions, local content
3 MW +
AW125/3000-3150
AW132/3000-3465 regulations and regulatory
AW140/3000
AW148/3000
or logistic constraints
N90/2500
2 MW + N100/2500
N117/2400

Solutions to serve customer needs AROUND THE GLOBE.

Standard design conditions Site dependent

© Nordex 2018
San Román wind farm. Texas, USA
Nordex Group