nordex montevideo, may 2014 corporate...

Montevideo, May 2014 NORDEX CORPORATE PRESENTATION

1.   Profile

2.  Products

3.  Service

4.  Financials & outlook

CONTENT

2 Nordex Corporate Presentation

3

Nordex at a glance Installed capacity [>10 GW]

NORDEX COMPANY PROFILE

!  Global manufacturer of wind energy systems with a focus on turbines in the Multi-MW class (2.4/2.5/3.0/3.3 MW)

!  Most extensive and consistent use of platform technology in the industry; variants for different wind and climate conditions leveraging shared components

!  Main production sites in Germany (Rostock – blades and nacelles) and global sales and service network

!  Headquartered in Germany (Hamburg) !  Listed company in the German TecDax !  Main shareholder Skion/momentum

(22.79%), rest is freefloat1

!  ~2,500 employees !  Track record as of 3/2014:

5,700 turbines with >10 GW in 38 countries worldwide

1 On the basis of 73.529 mn shares, as of Nov. 2013

Nordex Corporate Presentation

Region

Germany 23%

Europe 59%

Asia 10%

Americas 7%

Africa 1%

Segment

MMW Class (2.3-2.5 MW) (3.0/3.3 MW)

67%

Mid-size (1.3/1.5 MW) 25%

Small (<1.0 MW) 8%

WELL ESTABLISHED GLOBAL MARKET PRESENCE WITH CENTRALIZED PRODUCTION IN GERMANY

4

Production and sales network

Headquarters Countries with Nordex turbines installed/ in installation Production Site Subsidiaries

Barcelona Porto Istanbul

Chicago Hamburg

Beijing

Bucharest

Paris Roma

Islamabad

Cape Town

Kolding Uppsala

Oslo Helsinki

Rostock (Nacelles, Blades)

Warsaw

Manchester Dublin


ACTIVITIES: GLOBAL / AMERICAS TARGET MARKETS IN THE AMERICAS

Target Markets

"  First installation in target markets in South America in 2013 (Uruguay)

"  Create service organization near contracted projects (Uruguay)

"  Contract local suppliers of installation, domestic transportation, and maintenance services (Uruguay)

"  Open new office in South America in 2014 (Chile) "  First installation in second target markets in South

America in 2014 (Chile)

MW Installed 1

MW under Construction 1

673 MW

26 MW

19.5 MW

Canada

Honduras

USA

Columbia

MW under Development 1

1,500 MW

Target Market Plans

Target Market Presence and Activity

Canada

Mexico

U.S.A.

Honduras

Chile Uruguay

Puerto Rico

Costa Rica

Peru

Ecuador

Columbia

NX Americas Headquarters NX South America Office Service Organization Americas

Potential

HQ

Target 300 MW

1""as of Apr 2013

Uruguay 117 MW

Chile 70 MW

> 200 MW

NORDEX SCOPE OF SUPPLY

Civil Works Electrical Infrastructure

Installation & Commissioning Hand over Service Turbine Delivery

Wind Farm System Planning

Production and Technical

Implementation

Wind Farm Operations

Service and Maintenance

!  Review customer micro-site planning

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

!  Assemble WTG

!  Produce selected components

!  Install onsite

!  Carry out initial operation

!  ~3,000 turbines currently under Nordex service

!  Full service contract offerings up to 10+5 years

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

Core Business


NORDEX: TRACK RECORD IN WIND TURBINE BUSINESS

Units installed

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Turbine type Units installed (no.) First installation

(year)

Sub-MW 1,425 1985

MW-class (1,0 – 1,5 MW) 1,654 1996

MMW-class (2,3 – 2,5 MW) 2,618 2000

3MW-class (3,0 – 3,3 MW) 3 2013

Total 5,700

As of March 2014


1.  Profile

2.   Products

3.  Service


CONTENT


Gamma Generation Capacity Swept area Certified for

N90/2500 2.5 MW 6,362 m2 IEC I

N100/2500 2.5 MW (+23%) 7,823 m2 IEC II

N117/2400 2.4 MW (+37%) 10,715 m2 IEC III

Current platform (Gamma & Delta Generation)

THE NORDEX 2.4/2.5 MW CLASS


Delta Generation Capacity Swept area Certified for

N100/3300 (+32%) 3.3 MW (+23%) 7,823 m2 IEC I

N117/3000 (+20%) 3.0 MW (+37%) 10,715 m2 IEC II

N131/3000 (+25%) 3.0 MW (+26%) 13,478 m2 IEC III

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N117/2400 news update February 2011: Nordex launched N117/2400, the world‘s first Multi-Megawatt light wind specialist WTG December 2011: Installation of the first turbine on time Within 2012: Confirmation of key performance characteristics in the field July 2013: N117/2400 fully IEC type certified ahead of schedule In 2013: Windpower monthly: N117/2400 wins gold as „Turbine of the Year� 2013

MORE THAN 350 N117/2400 SOLD TO DATE

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34x Beebe I +19x Beebe II

9x Honkajoki

21x Florida 28x Juan Pablo Terra

5x Illschwang

8x Zöschingen

7x Hohenahr 6x Remlingen

1x Stadum 1x Behrendorf

1x Hohen-Luckow

2x Ursensollen

1x Dradenau II

>350x N117/2400 in total >840 MW in the field or order intake

15x Monaincha

7x Bayrischer Odenwald

8x Wetzdorf

...and many more

>140 N117/2400

Installed Order Intake

Status: January 2014

56 x Amakhala

8 x Nyby-Ii

6x Harzkopf

4x Ruhlkirchen 5x Schwanfeld

5x Kirchhain

7x Hochheim

5x Rotes Land

4 x Aliaga

18x Ullersdorf

GENERATION DELTA TURBINES FOLLOW SUCCESSFUL PATH LAID BY GAMMA TURBINES

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Current product portfolio

Rotor Ø

131 m

117 m

100 m

90 m

6,0 6,5 7,0 7,5 8,0 8,5 9,0 9,5 10,0

Wind Speed in m/s

IEC 3a IEC 2a IEC 1a

N117/3000

N100/3300

N117/2400

N100/2500

N90/2500

+3

0%

AEP*

+3

0%

AEP*

SOP* 01/2014

SOP* 01/2014

Product Development

Principles

1. New product every 18-24 months

2. One highly competitive turbine per wind class

3. Continuous launch of efficiency improvement packages to keep product competitive

4. Innovations like “anti-icing” as differentiator *SOP = Start of production

*AEP = Annual energy production


N131/3000

SOP*06/2015

+2

5%

AEP*

0"

500"

1000"

1500"

2000"

2500"

3000"

0" 2,5" 5" 7,5" 10" 12,5" 15" 17,5" 20"

Power"[kW]"

Wind"speed"[m/s]"

SIGNIFICANT GAIN IN ANNUAL ENERGY PRODUCTION

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95,0

104,5

97,0

105,0

94

96

98

100

102

104

106

0 2 4 6 8 10 12 14

So

un

d p

ow

er

leve

l LW

A i

n d

B(A

)

Wind speed v in m/s

N131/3000-R99

N117/2400-R91

-2db(A)

Stronger: rated output

Larger: swept area

Example: N131/3000 IEC3a

FLEXIBLE TOWER HEIGHTS ARE KEY FOR SUCCESS

N117/2400: annual energy yield

+16%

+ 21% Higher yield due to greater hub heights

Topographical obstacles, such as trees, may

result in lower yields. At higher hub heights,

the wind quality is better.

91m (6.5m/s)

120m (7.16m/s)

141m (7.41m/s)


N131/3000 TOWER PORTFOLIO

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134 m 114 m 99 m

< 165m

< 180m

< 200m

! Tubular steel tower ! 4 Tower segments

! Tubular steel tower ! 5 Tower segments

! Hybrid concrete/steel tower

1.  Profile

2.  Products

3.   Service


CONTENT


Extended Protects your investment

Premium Full-service solution

FLEXIBLE SERVICE PACKAGES

Contract packages – Suitable solutions for your requirements.

!  Our customers’ requirements vary according to:

!  the level of service complexity and

!  protection from expected risks.

!  The Nordex Service contracts offer variable package solutions to meet these requirements for 3, 5, 10 years or even longer terms.

Premium Light

Partnership for risk sharing


1.  Profile

2.  Products

3.  Scope of supply

4.   Financials & outlook

CONTENT


SHAREHOLDER STRUCTURE OF NORDEX SE

19

On the basis of 73.529 mn shares, as of November, 26 2013

Free float 77.21%

SKion/momentum capital 22.79%


PRODUCTION FACILITIES FOR TURBINE ASSEMBLY AND BLADES CONCENTRATED IN ROSTOCK, GERMANY

20

Nacelle assembly Blade production

!  Max. capacity: >2,500 MW p.a. (2-shift) !  Complementary switch cabinet assembly !  State-of-the-art line production

!  Max. capacity: 700 blades (300x NR 50; 400x NR 58.5; after finalized NR 58.5 ramp-up)

!  Automated systems (e.g. paint shop) !  ~1/3 of 2013’ blade demand supplied inhouse


NORDEX FOCUS MARKETS AT A GLANCE - NEW MARKET ENTRIES ARE CAREFULLY ANALYSED AND QUICKLY EXECUTED

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Currently active in 21 countries – exemplary market highlights 2012

Pakistan Market leader

Marketshare 2012: 100%

South Africa Three projects won in the first two tender rounds

(314 MW)

Uruguay Market entrance with two

projects (118 MW)

Turkey TOP 3


Norway TOP 2


Germany TOP 4

Marketshare 2012: 4% Increase in OI +60% yoy

Sweden TOP 3


UK TOP 4 onshore


Ireland TOP 2


Chile / Honduras NXD pipeline > 300 MW

USA Top 10


Thailand / Philippines First conditional OI

France TOP 5

Marketshare 2012: 7% NXD pipeline ~900MW

Project development pipeline


22

BEST-SELLING N117/2400 IN URUGUAY


Impressions of Florida Wind Farm (UY) – 21 N117 2.4MW R91

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Impressions of Juan Pablo Terra Wind Farm (UY) – 28 N117 2.4MW R91


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Impressions of Juan Pablo Terra Wind Farm (UY) – 28 N117 2.4MW R91


MANY THANKS FOR YOUR ATTENTION.


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