Contents Summary . 3 Financial highlights .4 Vestas financial performance .5 Power solutions .8 Service .10 Offshore .11 Market development .12 Strategy and financial and capital structure targets .13 Sustainability highlights and performance.15 Outlook 2020.17 Financial calendar 2021 .17 Consolidated financial statements 1 January – 30 September .18 Management’s statement .31 How to read this interim financial report – definitions: Vestas “Vestas” is the entity covering the two business areas Power solutions and Service. The entity includes all subsidiaries over which Vestas has control. The Group “The Group” refers to activities in all three business areas, including the offshore business area in the joint venture MHI Vestas Offshore Wind A/S. The three business areas are: Power solutions Service Offshore The offshore business area is accounted for using the equity method and the net result for the period for the joint venture is recognised in the income statements as “Income from investments in joint ventures and associates”. Information meeting (audiocast) On Wednesday 4 November 2020 at 10 a.m. CET (9 a.m. GMT), Vestas will host an information meeting via an audiocast. The audiocast will be accessible via vestas.com/investor. The meeting will be held in English and questions may be asked through a conference call. The telephone numbers for the conference call are: Europe: USA: Denmark: +44 3333 000 804 +1 6319 131 422 +45 3544 5577 Conference PIN code: 52293946# Presentation material for the information meeting will be available at vestas.com/investor approximately one hour before the meeting. Contact details Vestas Wind Systems A/S, Denmark Patrik Setterberg, Vice President, Investor Relations Tel: +45 6122 1913 Mathias Dalsten, Specialist Investor Relations Tel: +45 2829 5383 Vestas Wind Systems A/S Interim financial report – third quarter 2020 Classification: Public Page 2 of 32
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