Nordex Se · XETR:NDX1
Nordex — Non-Deal Roadshow (June 2026)
23 slides from Nordex's roadshow presentation, June 2026
Slide 1: Nordex SE – Roadshow Presentation
| Nordex SE – Roadshow Presentation Investor Relations Nordex Group June/July 2026 Nordex SE | June/July 2026
Slide 2: Nordex: a pioneer in onshore wind with over 40 years of experience
2 | Company overview Nordex: a pioneer in onshore wind with over 40 years of experience €7.6 bn #1 industry leader €16.0 bn Leading product in Over 40 years Free Cashflow in Sales in Europe and #2 combined the >4 MW at the forefront of of €863m and (FY 2025) globally order book and 7 MW class techno
Slide 3: From volatility to profitable growth: Delivering the course we set
3 | Company overview From volatility to profitable growth: Delivering the course we set Period of volatility Stabilization Profitable growth Key actions behind the turnaround (2021-2022) (2023-2024) (2025+) Revenue growth (€bn) › Strengthened market positioning 7.3 7.6 through a focused strategy & c
Slide 4: Mid term target achieved: Setting a new ambitious path ahead
4 | Company overview Mid term target achieved: Setting a new ambitious path ahead 10.2 GW 1 2026 guidance › Sustainable improvement Order intake +23% YoY across all KPIs 8.4% 2 Capital allocation › Introducing shareholders return policy EBITDA margin +430 bps YoY 3 Mid-term target €863 m › Upgrading
Slide 5: Increasing market share continued: Leading in Europe and re-building our position in Americas
5 | Company overview Increasing market share continued: Leading in Europe and re-building our position in Americas Global market share (ex-China) #1 in Europe 4th year in a row Rebuilding market share in Americas (total c.57 GW order intake) (total c.19 GW order intake) (total c.11 GW order intake)
Slide 6: Capital allocation policy: balancing growth investments and shareholder returns
6 | Company overview Capital allocation policy: balancing growth investments and shareholder returns 1› Maintaining financial flexibility Introducing our ‘Shareholders Return’ Policy’: › Sustaining a strong balance sheet with ample › Nordex is committed to delivering predictable and liquidity to nav
Slide 7: Guidance for FY 2026: Profitable growth expected to accelerate
7 | Company overview Guidance for FY 2026: Profitable growth expected to accelerate FY 2024 FY 2025 Q1/2026 Guidance 2026 Sales: €7.3 bn €7.6 bn €1.6 bn €8.2 – 9.0 bn EBITDA margin: 4.1% 8.4% 8.2% 8.0% - 11.0% Working capital ratio: -9.1% -12.4% -9.0% below -9% CAPEX: €153 m €169 m €27 m approx. €20
Slide 8: New mid-term EBITDA margin target range of 10-12%
8 | Company overview New mid-term EBITDA margin target range of 10-12%: Continued focus on improving margins further in future years 1 Volume 10-12% EBITDA margin › Driven by European volume growth and 3 [Indicative EBIT ~8-10%] improved order intake in the Americas 2 and APAC 8.4% EBITDA Margin (
Slide 9: Sustained volume growth expected: Driven by strategic focus on growth markets and customer partnerships
9 | Company overview Sustained volume growth expected: Driven by strategic focus on 1 growth markets and customer partnerships Europe North America ROW Onshore installation forecast1 (GW) Onshore installation forecast1 (GW) Onshore installation forecast1 (GW) Germany2 Europe Ex Germany Canada USA La
Slide 10: Targeting improved service margins: Product mix and efficiencies measures
10 | Company overview Targeting improved service margins: Product mix and efficiencies measures 2 to drive further improvement 7.5 Service order book (€m) Service sales growth (€m) 5,972 Constant › Consistent growth in service Growth 4,974 sales fueled by strong service order 3,626 +13% intake over
Slide 11: Implementing targeted initiatives: Strengthen profitability in the long-term
11 | Company overview Implementing targeted initiatives: Strengthen profitability in the long- 3 term Continued efficiency measures – Few examples Driving further supply Ensuring lean fixed cost Optimizing financing chain efficiencies base costs Further expansion of the Asian Keep a tight contro
Slide 12: Historical data
12 | Appendix Historical data Nordex SE | June/July 2026
Slide 13: Quarterly order intake and installations
13 | Appendix Quarterly order intake and installations Order intake development in MW FY 2024: 8,336 MW FY 2025: 10,214 MW 3,552 3,253 2,182 2,310 2,170 2,086 1,726 1,869 1,271 Q1/2024 Q2/2024 Q3/2024 Q4/2024 Q1/2025 Q2/2025 Q3/2025 Q4/2025 Q1/2026 Installations in MW FY 2024: 6,641 MW FY 2025: 7,66
Slide 14: Quarterly order book development
14 | Appendix Quarterly order book development Order book development in € m Service Projects 16,969 16,094 14,912 14,326 13,457 6,473 12,778 5,972 11,495 5,588 11,125 11,032 5,473 5,208 4,974 3,791 4,142 4,642 10,122 10,495 8,853 9,324 7,804 8,249 7,333 6,890 6,853 Q1/2024 Q2/2024 Q3/2024 Q4/2024 Q
Slide 15: Key financial KPIs development
15 | Appendix Key financial KPIs development Sales (€bn) EBITDA (€m) Margins (%) Project Service Gross1 EBITDA EBIT 29.4 27.3 28.0 27.8 24.8 2,539 307 12.1 1,874 8.0 8.2 1,706 1,588 1,435 5.5 5.8 10.0 136 131 108 5.5 5.6 80 3.5 2.4 Q1/ Q2/ Q3/ Q4/ Q1/ Q1/ Q2/ Q3/ Q4/ Q1/ Q1/ Q2/ Q3/ Q4/ Q1/ 2025 202
Slide 16: Quarterly income statement development
16 | Appendix Quarterly income statement development Q1/ Q2/ Q3/ Q4/ Q1/ Q2/ Q3/ Q4/ Q1/ in € m1 2024 2024 2024 2024 2025 2025 2025 2025 2026 Sales 1,574 1,860 1,671 2,194 1,435 1,874 1,706 2,539 1,588 Total revenues 1,458 1,796 1,593 2,153 1,555 1,853 1,803 2,544 1,581 Cost of materials -1,149 -1,4
Slide 17: Quarterly balance sheet development
17 | Appendix Quarterly balance sheet development in € m1 31.03.24 30.06.24 30.09.24 31.12.24 31.03.25 30.06.25 30.09.25 31.12.25 31.03.26 Current assets 3,273 3,410 3,355 3,602 3,609 3,616 3,822 4,751 4,783 Non-current assets 1,915 2,038 1,954 2,029 2,026 2,052 2,067 2,001 2,123 Total assets 5,188
Slide 18: Quarterly cash flow statement development
18 | Appendix Quarterly cash flow statement development Q1/ Q2/ Q3/ Q4/ Q1/ Q2/ Q3/ Q4/ Q1/ in € m1 2024 2024 2024 2024 2025 2025 2025 2025 2026 Cash flow from operating activities before net 65 79 193 176 97 232 125 291 175 working capital Cash flow from changes -267 51 -9 142 -71 -54 55 341 -244 i
Slide 19: Quarterly segment results development
19 | Appendix Quarterly segment results development Q1/ Q2/ Q3/ Q4/ Q1/ Q2/ Q3/ Q4/ Q1/ in € m1 2024 2024 2024 2024 2025 2025 2025 2025 2026 Projects sales 1,413 1,688 1,474 1,968 1,245 1,670 1,505 2,316 1,378 Service sales 166 177 201 233 197 207 219 240 218 Not allocated + -5 -5 -4 -7 -6 -3 -18 -1
Slide 20: Quarterly working capital development
20 | Appendix Quarterly working capital development Q1/ Q2/ Q3/ Q4/ Q1/ Q2/ Q3/ Q4/ Q1/ in € m1 2024 2024 2024 2024 2025 2025 2025 2025 2026 Trade receivables 140 171 195 241 259 315 218 197 217 Contract assets from 935 1,027 796 838 809 774 931 1,305 1,303 projects Inventories 1,114 1,022 1,102 909
Slide 21: Quarterly net cash development
21 | Appendix Quarterly net cash development Q1/ Q2/ Q3/ Q4/ Q1/ Q2/ Q3/ Q4/ Q1/ in € m1 2024 2024 2024 2024 2025 2025 2025 2025 2026 Current liabilities to -39 -39 -31 -38 -44 -36 -34 -34 -34 banks Non-current liabilities to -7 -7 -7 -7 0 0 0 0 0 banks Convertible bond -254 -253 -259 -258 -265 -264
Slide 22: Key financial metrics – annual base
22 | Appendix Key financial metrics – annual base in € m1 FY 2022 FY 2023 FY 2024 FY 2025 Sales 5,694 6,489 7,298 7,554 Total revenues 5,991 6,551 7,000 7,754 Cost of materials -5,505 -5,566 -5,465 -5,716 Gross profit 486 985 1,535 2,039 Personnel costs -588 -630 -727 -820 Other operating (expenses)
Slide 23: Contact details
23 | Contact details IF YOU HAVE ANY QUESTIONS PLEASE CONTACT: Anja K. Siehler Head of Investor Relations phone: +49 (0)162 351 53 34 email: asiehler@nordex-online.com Tobias Vossberg Director Investor Relations phone: +49 (0)173 4573 63 3 email: tvossberg@nordex-online.com Rafaela Gunzburger Manage