Our green
transformation
Dr. Doris Schiedek

Regional Head of Permitting, Asia Pacific
アジア太平洋地域許可承認業務部 部長
7th October 2019Ørsted overview and business unitsØrsted develops energy systems that are green, independent and economically viable• Revenue (2018): DKK 76.9 bn (YEN 1,281 tn)• EBITDA (2018): DKK 30.0 bn (YEN 500 bn)• Credit Rating: Moody’s Baa1 (stable), S&P BBB+ (stable)• 6,300 employees

Major Shareholders (voting share %)• Danish State50%• Seas NVE10%• Capital Group
5-10%• Active in Scandinavia, United Kingdom, Germany, The Netherlands, France, USA, Taiwan and Japan

Offshore

Onshore− Global market leader inoffshore wind

− Develops, constructs, owns and operate
onshore wind, solar and energy storage projects− Develops, constructs, owns
and operates offshore windfarms

− 813 MW onshore wind operational capacity inthe US− 5.6 GW operational capacity− 4.3 GW build-out plan
towards 2022
− Ambition of 15 GW installed
offshore wind capacity by20252Ørsted APAC, October 2019

− 625 MW under construction and pipeline of 1.5GW− Energy storage solutions with a first 20MWbattery storage project in operation− 400MW Permian Solar PV plus 85MW ofprojects under development with PPAs secured

Markets & Bioenergy− Heat and power plants converted fromcoal and gas to biomass and waste-toenergy− #1 in Danish heat and power generation
with 25% of market− Energy supply solutions for B2B
customers− Provides route-to-market for own andcustomers’ generation portfolio− Market trading operations to optimize
hedging contractsØrsted Offshore overview

Global market leader in offshore wind with 25+ years of experienceØrsted offshore wind global footprint

Unparalleled experience and track record

North America

Asia Pacific

EuropeBay State Wind
Revolution WindSouth Fork
Block Island
Ocean Wind
Garden StateSkipjack
Coastal Virginia

Formosa 1.1
Formosa 1.2
Changhua 1 & 2a
Changhua 2b, 3, 4

1991

25+ years of experienceand track record in theoffshore wind power sector

2019

Anholt25 offshore wind farms
in operation

West of Duddon Sands
Walney Extension
Walney 1 & 2Isle of Man
Barrow
Burbo Bank Ext.
Burbo Bank

Horns Rev 1 & 2Westermost RoughHornsea 1
Hornsea 2
Hornsea 3 & 4
Race BankLincs

Gunfleet Sands 1 & 2Gunfleet Sands 3
Borssele 1&2
London Array

In operation
Under construction
Under development

AvedøreVindebyNystedGode Wind 2
Gode Wind 4
Gode Wind 3
Gode Wind 1
Borkum Riffgrund 1
Borkum Riffgrund 2
Borkum Riffgrund West 1&2
OWP West

5.6 GW
Constructedcapacity

13 million
people withclean
electricity

4.3 GW~ 2,450

underconstruction

Dedicated
employees~ 1,150
turbines
World'sleading
operator

Decommissioned after 25 years

Note 1: In addition to these wind farms, Ørsted is constructing the 12MW Coastal Virginia demonstration project in the US on behalf of Dominion Energy. Further Ørsted has a 35% share in Formosa 1 in Taiwan

3Ørsted APAC, October 20194 offshore wind farms
under construction 123Partnerships

Our transformation from blackto green energy

4

We started out as a traditional energy company
DONG Energy established through merger in 2006

Operating earnings (EBITDA)DKK bnDONG - Danish Oil and Natural Gas
5Ørsted APAC, October 2019Today, we have transformed our business
EBITDA Breakdown>1%
Bioenergy &Thermal Power

41%

7%

46%

92%

Oil/gasproduction
DanishutilityOffshorewindOnshore
wind13%20116

Ørsted APAC, October 2019

2018

1%

Our vision is clear

A world thatruns entirely ongreen energy

7Ørsted APAC, October 2019

Our transformation:

In 2006 our power and heat production was 85% fossil fuel, only 15% renewables based# of people powered by offshore wind

6.2
m tonnes

1.7

0.60m
tonnesCOALm people

15%

2006

201
202
63
2006

85%

Energy production

8Ørsted APAC, October 20192006
Million tonnes of coal consumed

Our transformation:

Today we can supply 11.3 million people from offshore wind

11.3

6.2

m people

0.6

m tonnes

64%

m people

0COAL

2006

Now

# of people powered by offshore wind9Ørsted APAC, October 20192023
Today´s

1.1m tonnes

36%

Energy production

2006

Now

Million tonnes of coal consumed

Our transformation:

By 2023 we will be close to full green energy

20.3
m people

11.3

6.2

m peoplem tonnes

1.1

0.6

m tonnesm people

0COAL

95%
5%

2006

Now

2023

# of people powered by offshore wind10Ørsted APAC, October 2019

2023

Energy production

2006

Now

2023

Million tonnes of coal consumed

Our CO2 reduction is 27 years aheadof the overall target for the energy sector
gCO2e/kWh600500

Global energy sector target to stay below
2 degree global warming2400

Ørsted CO2 emissions1300
200
100Ørsted 2023 target

0
2010
1.
2.

11

2015

2020

2025

2030

2035

Danish Energy Agency and Ørsted calculations
Based on International Energy Agency’s 2°C scenario for carbon emissions reductions in the energy sector; in line with Paris Agreement on Climate ChangeØrsted APAC, October 2019

2040

2045

2050

Ørsted not just a name
As part of our transformation we also have changed
the company name to Ørsted, after the Danish
scientist Hans Christian Ørsted.
Almost 200 years ago, Hans Christian Ørsted
discovered electromagnetism, effectively establishing
the foundations for the way we produce power
today.
Hans Christian Ørsted’s ground-breaking discovery
was driven by his curiosity, dedication and interest innature.

We share these qualities and find them essential inorder to continue our journey from black to green
energy.
12Ørsted APAC, October 2019Ørsted Offshore R&D Programme
R&D Strategy
Organised into six roadmaps
Roadmap 1
Wind & Waves

Roadmap 2
Foundations,Geoscience andMarine

Roadmap 3
ElectricalInfrastructure

Roadmap 4
WTG

Objectives

Roadmap 5
Logistics

Roadmap 6
Environment• Enable the Pipeline • CoE Reduction • HSE Performance • Design Standard Improvements • Risk Reduction • Competence Development •13Ørsted APAC, October 2019

Key University and Research Organisation Collaborations

Plus many other individual R&D projects with universities and research organisations
14Ørsted APAC, October 2019

Industry-academic Cooperation

Green energy scholarship program
motivating and supporting student
offshore wind related researches

Guest lecture
sharing offshore wind related
topics in multiple localuniversities

Graduate programtransforming masterstudents into young global
talents

15

Ørsted APAC, October 2019

ご清聴いただきありがとうございました
Thank you for your time

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