Nordex Group

WHO WE ARE Management, key figures, history

WHERE WE ARE Footprint

WHAT WE DOCore business and products

123

AGENDA

2 | Company Presentation

THE MANAGEMENT team

3 | Company Presentation

José Luis Blanco

CEO

CEO Acciona Windpower

Various Senior Management & Chief Officer positions at Gamesa

Christoph Burkhard

CFO

CFO Siemens Wind Power Offshore

Various other positions at Siemens

BHF Bank, EBRD

Patxi Landa

CSO

Business Development Director and Executive Committee member at Acciona Windpower

Various Chief Officer Positions at Acciona

SALES

Sales of EUR 3.1bn according to guidance

WORKING CAPITAL

Working capital ratio of 5.3 %

INVESTMENTS

CAPEX increased to EUR 144m

EBITDA margin

EBITDA margin of 7.9%adjusted for one-off items related to the cost saving program “45-by-18”

EBITDA

Adjusted EBITDA of EUR 242m

KEY FIGURES 2017 (preliminary)

4 | Company Presentation

1985 1995 1999 2000 2001 2003

2010 2013 2016

2000 2003 2005

2007 2008 2013 2014

Founding of Nordex in Denmark First company

worlwide to produce a MW-class turbine

Installation of the 100th Nordex turbine

First AW 60/1300prototype

Completion of the world´s first seriesmulti-MV turbine

Commencement of industrial rotor blade production

Installation of the 2000th Nordex turbine

Opening of the wind turbine assembly in Barásoain, Spain

Start of the seriesproduction of the AW 1500

Launch of Delta generation

Launch of Gamma generation

Opening of the first turbine facility in the Americas

Introduction of the AW 3000

Industrial implementation in Brazil with the opening of hub production plant

More than 2000 MW sold of the AW 3000 platform

Nordex and Acciona Windpowerbecome one company

WHO WE ARE We have come a long way

2016

Opening first assembly plant in India

5 | Company Presentation

2017

Launch of 4 MW platform Delta4000

Punta Palmeras wind farm. Coquimbo, Chile

WHO WE ARE History and Key figures

WHERE WE ARE Footprint

WHAT WE DOCore business and products

AGENDA

7 | Company Presentation

123

WHERE WE ARE Nordex production footprint

GOOD GEOGRAPHIC FIT FOR PRODUCTION TO SERVE GLOBAL DEMAND

Nacelle

INDIA

Nacelle

Towers (1)

BladeBRAZIL

Nacelle

Towers (1)

SPAIN

Nacelle (2)

Blade

GERMANYNacelle

Blade

Manufacturing sites

Towers (1)Towers (1)

Towers (1)

8 | Company Presentation

SOUTH AFRICA

© Nordex 2018

WHERE WE ARE – Track record

9 | Company Presentation

MORE THAN 23,3 GW INSTALLED WORLDWIDE

CANADA 203 MW

USA 3,185 MW

MEXICO 989 MW

COSTA RICA 50 MW

COLOMBIA 20 MW

BRAZIL 857 MW

URUGUAY 309 MW

CHILE 105 MW

NORWAY 150 MW

SWEDEN 434 MW

FINLAND 473 MW

DENMARK 152 MW

BELGIUM 48 MW

NETHERLANDS 265 MW

ESTONIA 18 MW

LITHUANIA 70 MW

IRELAND 566 MW

GERMANY 4,279 MW

POLAND 454 MW

CZECH REPUBLIC 12 MW

ROMANIA 100 MW

BULGARIA 8 MW

SPAIN 1,898 MW

FRANCE 1,526 MW

PORTUGAL 408 MW

ITALY 710 MW

CROATIA 30 MW

GREECE 127 MW

UK 1,202MW

TURKEY 1,667 MW

PAKISTAN 250 MW

INDIA 78 MW

CHINA 1,053 MW

JAPAN 73 MW

SOUTH KOREA 65 MW

AUSTRALIA 264 MW

EGYPT 63 MW

SOUTH AFRICA 563,4 MW

OTHERS 330 MW

© Nordex 2018

NorthAmerica2.6 GW

LatinAmerica1.5 GW

NorthernEurope3.5 GW

Medi-terranean

3.4 GW

Germany2.8 GW

Africa0.5 GW

Turkey & Middle East

2.0 GW

WHERE WE ARE – Service network

10 | Company Presentation

WE PROVIDE A CLOSE-KNIT NETWORK ACROSS THE REGIONS WITH MORE THAN 16.5 GW UNDER CONTRACT.

Hollich-Sellen wind farm, Northwestern Germany

WHO WE ARE History and Key figures

WHERE WE ARE Footprint

WHAT WE DOCore business and products

AGENDA

23

1

12 | Company Presentation

GLOBAL SERVICE. The Service makes the difference

Products to enhance the performance of the installed fleet

Upgrades & modernizations

Onsite repair & troubleshooting

Exchange & overhaul of major components

Trouble shooting & repair

Analysis of global fleet data as well as Wind & Site data

Data analysis

Maintenance

HSE inspections

Maintenance & inspections

On

-sit

e

Off-s

ite

Uniform qualification of all service technicians worldwide

Training

24/7 Control Centre

Support for technical issues

Monitoring & technical support

Worldwide supply of spare parts, 365 days a year

Spare parts management

WHAT WE DO Core business & products

13 | Company Presentation

WHAT WE DO Core business & Products

VALUE CHAIN. More than a manufacturer

Project Development, Marketing, Financing

Wind Farm System Planning

Production and Technical Implementation

Wind Farm Operations

Services and Maintenance

Selection of location

Ownership

Optimal siting

Wind measurements

Soil survey

Sound / shade emission

Economic viability

Grid connection

Special purpose registration

Environmental permitting

Building permitting

Leading company in France

Active also in India

Review customer micro-site planning

Support customers(co-development) to receive approvals and to optimise park layouts

Assemble WTG

Produce selected components (blades, control systems)

Install onsite

Carry out initial operation

Offer additional services: increased demand due to new wind farm investors interested in stable cash flows

Provide high quality service to minimize downtime and maximize yield

CIVIL WORKS

ELECTRICAL INFRASTRUCTURE

INSTALLATION & COMMISSIONING

SERVICETURBINE DELIVERY

PROJECT DEVELOPMENT

14 | Company Presentation

© Nordex 2018

Optimum product defined by

wind conditions, local content

regulations and regulatory

or logistic constraints

TOGETHER. Winning in very different markets.

Solutions to serve customer needs AROUND THE GLOBE.

Lightwind

Mediumwind

Strongwind

4 MW +

3 MW +

2 MW +

N133/4.8

N149/4.0-4.5

N131/3000-3900

N117/3000-3600

N100/3300

AW125/3000-3150

AW132/3000-3465

AW140/3000

AW148/3000

AW116/3000

N90/2500

N100/2500

N117/2400

WHAT WE DO – Our product portfolio

15 | Company Presentation

THE COMPREHENSIVE PRODUCT PORTFOLIO ENABLES US TO CATER ALL MARKETS AND WIND CONDITIONS. AROUND THE GLOBE.

Standard design conditions Site dependent

San Román wind farm. Texas, USA

Nordex Group