Orsted · OMXCOP:ORSTED

Orsted — Ørsted — Merger or Acquisition (May 2017)

5 slides from Orsted's merger presentation, May 24, 2017

  1. Slide 1: Today's speaker: Marianne Wiinholt, Group CFO

    Todays speaker Marianne Wiinholt Group CFO 24 May 2017

  2. Slide 2: Transaction completes transformation into a pure play renewables company

    • Transaction will complete the transformation of DONG Energy into a leading, pure play renewables company • Full exit of the full Oil & Gas business • Optimal conditions for the long-term development of the O&G business secured • Transaction expected to be closed in Q3 2017

  3. Slide 3: Transaction terms and financial effects

    • Unconditional payment of DKK 7.0bn (USD 1,050m) • Contingent payment of DKK 1.0bn (USD 150m) related to the Fredericia stabilisation plant • Contingent payment regarding Rosebank of DKK 0.7bn (USD 100m) • By acquiring DONG E&P A/S INEOS will take over decommissioning liabilities of around DKK 7.0b

  4. Slide 4: Vendor loan notes, Fredericia plant and conditions

    • Transaction includes vendor loan notes of USD 250m (DKK 1.7bn) to be paid over a three-year period • Payable taxes and capex costs of around DKK 1.5bn, related to the period before 30/6-2017, to be deducted from gross consideration • Fredericia stabilisation plant: − Contingent payment from INEOS

  5. Slide 5: —. DONG

    —. DONG energy

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