Vestas Wind Systems A/s · OMXCOP:VWS
Vestas Wind Systems A/s — Corporate Update (September 2026)
23 slides from Vestas Wind Systems A/s's corporate update, September 2026
Slide 1: Welcome Nakskov Blade Manufacturing Facility
1 Title Welcome Nakskov Blade Manufacturing Facility
Slide 2: Today's Presenters
2 Today’s Presenters Ken Kaser SVP, Blade Manufacturing
Slide 3: History of Nakskov since 1999
History of Nakskov since 1999 01 02 03 04 05 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 1979 2015 2026 Blade types manufactured at Nakskov Diagram Model Introduction • 12 V66-1.75 MW 1999 • 13 V80-2.0 MW 2000 / 2002 • 14 V90-3.0 MW 2002 /
Slide 4: Current production V236-15.0 MW
Fun facts: Current production V236 -15.0 MW • 1 blade length of 9 busses • 1 blade weighs about 10 African elephants Taller than the Oresund Bridge • Swept area same as 6 football pitches V236-15.0 MW Oresund Bridge (Den-Swe) Statue of Liberty w/plinth Blade length: 115.5m 261 meters 204 meters 2 Sw
Slide 5: Global talents
Global talents Global workforce of about 25 nationalities Manning: • Hourly paid 1350 Denmark • Salaried 40 Shift pattern: • 6 x 24 hours (12 hours shift) Netherlands England Lithuania Spain Poland USA Romania Ukraine Portugal Turkey Japan Israel Mexico India Italy Brazil 5
Slide 6: How blade manufacturing works
How blade manufacturing works 1. Molding 2. Post-molding/Prep for Paint 3. Paint and Final Assembly 6 Title
Slide 7: Blade manufacturing process - shells
Blade manufacturing process - shells 10.Shell bonding Shell WW 9.Web bonding on WW Web 8.Infusion process (WW/LW) 7.Dry glass lay up 6.Glass preform over the core 5.Pultrusion placement 4.Core lay-up and spar loading 3.Glass preform placement Pre-fab 2.Dry glass lay-up Shell LW 1.Gelcoat 7 Title
Slide 8: Why is blade manufacturing so manual?
Why is blade manufacturing so manual? • Large area of movement and mass deposition rate required • “Tactile” nature of materials – hard to manipulate • Reliance on skilled/experienced Quality technicians for inspection • Number and irregular geometry of plies • Low production rate and specific varia
Slide 9: People Are Key
People Are Key Culture = Quality = Speed = Cost 9 Title
Slide 10: Factory tour
Factory tour 10 | tte — Vestas.
Slide 11: Offshore footprint optimised to ensure competitiveness in key markets
Offshore footprint optimised to ensure competitiveness in key markets Denmark Nacelles Blades Towers Poland Nacelles Towers Belgium A scalable and flexible global setup Powertrain Germany China with supply from Vestas’ own factories Generators Sideship and Vestas’ partner's factories Blades Italy Sp
Slide 12: Global resilient network of key material suppliers
Global resilient network of key material suppliers Vestas Blades key supply chain locations Carbon Glass Core Chemicals
Slide 13: Takt development
V236 Blades || Transformation program yielding results Takt time reduced significantly in 2026… Highlights V236 ramp-up continues with significant progress, no Takt development NAKSKOV DK project deliveries impacted but not standing still; • Planned summer shutdown for infrastructure and ACTUAL PLAN
Slide 14: Thank You
Thank You Vestas.
Slide 15: Today's Presenters
Today’s Presenters Daniel Patterson VP, Head of Investor Relations 15
Slide 16: Vestas is the energy industry's global partner on sustainable energy solutions
Vestas is the energy industry’s global partner on sustainable energy solutions +39,000 +56,000 +200 GW 535m employees turbines under service installed wind turbine capacity tonnes CO2e displaced Every day, our employees help Our service technicians keep We have installed more wind Expected over the
Slide 17: Drivers to long-term financial ambition
Drivers to long-term financial ambition Drivers to achieve 10 percent EBIT margin Drivers • Offshore: Ramp-up, cost-out and extend competitiveness as we add volume to the platform 2026e Ambition • Service: Deliver operational recovery and commercial reset with the ambition to achieve 25 percent EBIT
Slide 18: Our current business environment
Our current business environment Strong fundamental drivers of wind power deployment despite geopolitical uncertainty Global Environment Inflation, raw materials and transport costs stable, but tariffs increase costs over time Ongoing geopolitical and trade volatility leading to regionalisation Glob
Slide 19: Offshore continues growth journey at Vestas
Offshore continues growth journey at Vestas Annual Vestas Offshore deliveries Key Offshore markets for Vestas GW Offshore Deliveries First year of V236-15MW 4.0 Vestas Volume Secured 9.3 GW Offshore backlog (Q2 2026) serial manufacturing Europe 3.5 3.0 2.5 Total GWs 2.0 2.0 2.0 1.6 1.5 1.4 APAC 0.9
Slide 20: Power Solutions – Q2 2026
Power Solutions – Q2 2026 Strong second quarter Power Solutions revenue and EBIT margin before special items, mEUR and percent Highlights Offshore revenue Onshore revenue EBIT margin In Power Solutions, revenue increased by 37 percent YoY, +37% driven mainly by higher MW delivered in both Onshore an
Slide 21: Long-term shareholder value – Q2 2026
Long-term shareholder value – Q2 2026 Value through performance EBIT Margin before special items, % Adjusted free cash flow, EURm Highlights +4.9 +788 • EBIT margin b.s.i. of 7.7 percent (LTM) 7.7 1,095 943 5.7 830 4.3 2.8 • Earnings per share of EUR 1.11 (LTM) 1.5 155 (51) • Adj. free cash flow of
Slide 22: Outlook 2026
Outlook 2026 Outlook Prev. Outlook Revenue (bnEUR) 20 – 22 20 – 22 EBIT margin before special items (%) 7–9 6–8 - Service is expected to generate EBIT margin b.s.i. of 15.5 – 17.5 percent Total investments (bnEUR) Approx. 1.2 Approx. 1.2 • The 2026 outlook is based on current foreign exchange rates
Slide 23: Financial calendar 2026: Q&A
Financial calendar 2026: • Disclosure of Q3 2026 (11th November) Q&A 23 Q2 2026
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