Vestas Wind Systems A/S · OMXCOP:VWS
Vestas Wind Systems A/S — Merger or Acquisition (October 2020)
10 slides from Vestas Wind Systems A/S's merger presentation, Oct 29, 2020
Slide 1: Vestas and Mitsubishi Heavy Industries agree to strengthen partnership
Vestas and Mitsubishi Heavy Industries agree to strengthen partnership Aarhus, October 29th 2020
Slide 2: Disclaimer and Cautionary Statement
DISCLAIMER AND CAUTIONARY STATEMENT This presentation contains forward-looking statements concerning Vestas’ financial condition, results of operations and business. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Forward-looking state
Slide 3: Our Vision: Global Leader in Sustainable Energy Solutions
OUR VISION Global Leader in Sustainable Energy Solutions 3 Vestas and Mitsubishi Heavy Industries agree to strengthen partnership Classification: Public
Slide 4: Strategic rationale
Strategic rationale Strengthened partnership with Mitsubishi Heavy Industries to accelerate the energy transition GROWTH Increase exposure to growing offshore market TECHNOLOGY Leverage synergies between onshore technology lead and offshore offerings SPEED OF EXECUTION Increase operational maturity
Slide 5: Practicalities
Practicalities TRANSACTION PURCHASE PRICE EQUITY ISSUANCE OTHER • Acquisition of MHI’s 50 • 2.5 percent of shares • No extraordinary AGM • Transaction pending percent ownership in outstanding after approval required, authority approval MHI Vestas Offshore emission; corresponding pursuant to Vestas A
Slide 6: About MHI Vestas Offshore Wind
About MHI Vestas Offshore Wind MHI VESTAS OFFSHORE WIND A/S 50/50 Joint Venture between Vestas Wind Systems A/S and Mitsubishi Heavy Industries, Ltd. Approx. EUR 1.4bn revenue ~ 5 GW installed JV launched in 2014 to bring the V164 turbine to Approx. 4 pct EBIT margin … with close to 3 GW market .. e
Slide 7: Market shares
Market shares Leading position in onshore wind and strong position in offshore wind Leveraging leadership from large and more mature onshore wind market offers unique opportunity to build a leading position in the fast-growing offshore wind market Large market; Healthy growth Younger market; Strong
Slide 8: Timeline
Timeline October 29th Q4 2020 / Q1 2021 Announcement Filing to Regulatory Issuing of new Expected closing relevant authorities approval and shares to MHI conditions fulfilled 8 Vestas and Mitsubishi Heavy Industries agree to strengthen partnership Classification: Public
Slide 9: Q&A
Q&A 9 Vestas and Mitsubishi Heavy Industries agree to strengthen partnership Classification: Public
Slide 10: Thank you for your attention
THANK YOU FOR YOUR ATTENTION Copyright Notice The documents are created by Vestas Wind Systems A/S and contain copyrighted material, trademarks, and other proprietary information. All rights reserved. No part of the documents may be reproduced or copied in any form or by any means - such as graphic,
Vestas Wind Systems — Merger or Acquisition (October 2020) on 6ix