Quarterly Results Presentation – Q1 2016 Senvion S.A.

1

Disclaimer

This presentation (the “Presentation ”) has been prepared by Senvion S.A. (“Senvion ” and together with its subsidiaries, “we,” “us ” or the “Group ”) solely forinformational purposes and has not been independently verified, and no representation or warranty, express or implied, is made or given by or on behalf of theGroup. Senvion reserves the right to amend or replace this Presentation at any time. This presentation is valid only as of its date, and Senvion undertakes noobligation to update the information in this Presentation to reflect subsequent events or conditions. This Presentation may not be redistributed or reproduced inwhole or in part without the consent of Senvion. Any copyrights that may derive from this Presentation shall remain the sole proerty of Senvion.

This Presentation does not constitute or form part of, and should not be construed as, an offer or invitation or inducement to subscribe for, underwrite or otherwiseacquire, any securities of Senvion, nor should it or any part of it form the basis of, or be relied on in connection with, any investment decision with respect tosecurities of Senvion or any other company.

Certain statements in this Presentation are forward-looking statements. By their nature, forward-looking statements involve a number of risks, uncertainties andassumptions that could cause actual results or events to differ materially from those expressed or implied by the forward-looking statements. These risks,uncertainties and assumptions could adversely affect the outcome and financial consequences of the plans and events described herein. Actual results may differfrom those set forth in the forward-looking statements as a result of various factors (including, but not limited to, future global economic conditions, changed marketconditions affecting the wind industry, intense competition in the markets in which the Group operates, costs of compliance with applicable laws, regulations andstandards, diverse political, legal, economic and other conditions affecting the Group’s markets, and other factors beyond the control of the Group). Neither Senvionnor any of its respective directors, officers, employees, advisors, or any other person is under any obligation to update or revise any forward-looking statements,whether as a result of new information, future events or otherwise. You should not place undue reliance on forward-looking statements, which speak of the date ofthis Presentation. Statements contained in this Presentation regarding past trends or events should not be taken as a representation that such trends or events willcontinue in the future. In particular, no statements in this Presentation should be construed as concrete guidance as to the results of operations, cash-flows,balance sheet data or any non-financial metrics as of or for the financial year ending December 31, 2016 or any subsequent financial period.

Certain financial data included in the presentation consists of “non-IFRS financial measures.” These non-IFRS financial measures may not be comparable tosimilarly titled measures presented by other companies, nor should they be construed as an alternative to financial measures determined in accordance with IFRS.You are cautioned not to place undue reliance on any non-IFRS financial measures and ratios included herein.

This Presentation does not constitute or contain any investment, legal, accounting, regulatory, taxation or other advice.

Due to rounding, numbers presented through out this and other documents may not add up precisely to the totals provided and percentages may not preciselyreflect the absolute figures.

2

Conclusion and Outlook3

Financials Q1 20162

Agenda

Key Highlights1

Appendix4

Key Highlights in Q1 2016

4

Key highlights Q1 2016

� Senvion continues to be on track for its full

year targets

• Q1 in line with previous years

• Healthy order book development

• Further improvements in working capital

• Positive free cash flow generation

� Market share gains

• Gained c.4% market share in EMEA in 2015

• Increased market share globally to 6.6% (excl.

China)

� Successful market entries in Chile and Japan

• Early success already showcasing our ability to

execute on strategy of entering new markets

5

Senvion in EMEA and globallyLargest market share gains among peers in Europe

Vestas22.4%17.3%

GE19.2%18.4%

Siemens14.0%15.2%

Gamesa9.6%7.4%

Vestas24.2%23.2%

Enercon16.8%25.8%

Siemens16.7%20.9%

Nordex9.6%9.2%

GE6.3%4.4%

Others14.7%9.0%

Senvion11.7%7.5%

Senvion gained c.4% market share in EMEA in 2015, mo re than any other OEM in the market

Source – MAKE Report ‘EMEA Market Share - Top Wind Power Markets in 2015’, MAKE Global wind turbine oem 2015 market share¹ Excl. China

EMEA Top OEMs for 2015 – 14.3 GW Global¹ Top OEMs for 2015 – 61.0 GW

Enercon8.9%14.4%

Senvion6.6%4.0%

Nordex5.1%5.4%

Acciona3.2%0.9%

Adwen1.7%0.2%

Suzlon1.5%3.7%

Others7.9%13.1%

x.x%: 2015 market sharex.x%: 2014 market share

6Note – Figures prior Dec 15 are for Senvion GmbH for comparison1 Net Firm orders are confirmed orders minus PoC revenues already booked; Signed contracts are conditional orders and may not always convert into firm orders

1.8

1.8

2.1

2.3

1.7

1.5

1.5

1.6

1.7

1.7

1.6

1.4

1.5

2.0

1.9

1.6

1.7

1.9Mar-14 3.6

Jun-14 3.3

Sep-14 3.1

Dec-14 3.4

Mar-15 3.7

Jun-15 3.7

Sep-15 3.4

Mar-16 3.6

3.4Dec-15

Stable order book of €5.6bnProviding solid coverage of revenues for 2016

RoW

UK

Canada

Offshore

15%Germany

Mar-16

13%

24%

35%

13%

� Total order book at ~€5.6bn as of 31 March 2016

- €1.8bn of net firm

orders including offshore

orders of €637m

- €1.7bn of signed

contracts , pending for

conversion to

unconditional contracts

- €2.1bn of service

contracts

Net firm orders at €1.8bn

Net firm orders Signed contracts

WTG order book (€bn) 1 Q1 2016 split by geography

Sen

vion

Gm

bHS

envi

onS

.A.

Key highlights

7

2.061.971.941.841.531.511.521.441.50

Sep-15Jun-15Mar-15Dec-14Sep 14Jun-14Mar-14

+35.3%

Mar 16Dec-15

Stable order book of €5.6bn (cont’d)Providing solid coverage of revenues for 2016

� €2.1bn of service order book

- Fastest growing platform

with +35.3% vs Q1 15

- High growth and high margin

business

- Close to 11 GW of installations

under service coverage

- Predictable and ‘annuity-like’

contracts with up to 20 years

tenor and average tenor of

~10 years

- Renewal rates at 75%+ over

the last 3 years 2

Service order book (€bn)

Average duration of service contracts 1 (years)

1 Only includes active contracts and does not include contracts not yet initiated2 Average for 3 years based on semi-annual data

Senvion GmbH Senvion S.A.

Senvion GmbH Senvion S.A.

Key highlights

10.2010.209.509.208.708.60

Mar-14Mar-13Mar-12

+7.4%

Dec-15Mar-15 Mar 16

8

438

209130 161

273

64 106 106 61

67

6

13754

80

64

51 4247

80

104

24

12 54

84

31 35 106

55

17440

131 58

17

24 36

144

113

5221

16

662

612

315 310

458520

1,061

327 303269

Mar-14 Jun-14 Sep-14 Dec-14 Mar-15 Jun-15 Sep-15 Dec-15 Mar-16

Germany Canada France UK Others Offshore

Note – Figures prior Dec 15 are for Senvion GmbH and provided for comparison

Order intake

Order announcement policy

Firm WTG order intake (€m) 1

� Firm orders starting from 20 MW

� All firm orders in new markets

� Cumulative orders of €50m from one hub

� Strategic CP contracts

� Large service ordersSenvion GmbH Senvion S.A.

Further order wins in April

� Chile - Announced conditional order of 300 MW, installation in 2017

� Japan - Converted signed contract of 6 MW into firm order

9

Senvion installations

Installations (MW)

� Installations to pick up as the year progresses

� Q1 is generally softer in terms of activity

� Large installations expected in UK this year

1 Includes Austria, Czech Republic, Poland, Netherlands, Sweden, Italy, Romania, Belgium, Portugal, Turkey

Senvion GmbH Senvion S.A. Senvion GmbH Senvion S.A.

Key highlights

326

184

199106

290

191

566

275

153163

160

168

187262

250

166

398

518

666673

Mar-14

2,202

Mar-13

1,745

372

139

1,487

413

233

Mar-15

98

CY15

1,844

105 16

Others (combined)AustraliaGermany Canada UK OffshoreUSFrance

27

31

23

37

16

18

171 49

Q1 CY16

241

120

Q1 CY15

307

55

Annual Installations Quarterly Installations

Financials Q1 2016

11

� Q1 historically the softest quarter in the year

- Offshore revenue recognition delayed due to need to retrofit the offshore blades in stock

� Adjusted operating margins improved despite lower revenues yoy

� Positive free cash flow leads to cash balance of €439m

Key highlightsStable margins despite softer quarter

Senvion S.A. Senvion GmbH Senvion S.A.(€m, unaudited) PF adj. CY15 1 Q1CY152 Q1CY163

Revenues 2,139 456 364

Gross profits 608 131 122

Gross margin % 28.4% 28.8% 33.4%

Adjusted EBITDA 210 32 27

Adjusted EBITDA % 9.8% 7.1% 7.5%

Adjusted EBIT 154 18 14

Adjusted EBIT % 7.2% 3.9% 3.8%

Net working capital % (4.7%) 8.3% (6.4%)

Cash on hand 419 301 439

Net Debt/(Net Cash) (3) (279) (25)

Key highlights

1. Pro-forma adjusted financials are unaudited and prepared as if Senvion S.A. acquired Senvion GmbH from 1st January 2015; Adjusted EBITDA does not include PPA effects of €90m, trailing edge provision of €22m, acquisition related costs of €28m and general warranty release income of €4mn. EBIT does not include reorganisation expenses of €8mn and PPA impacts of €104m

2. Trailing edge provision of €8.2m excluded from Gross profits 3. Gross margins adjusted for PPA of €1.5mn, EBITDA is adjusted for one time listing costs of €6.5m, EBIT is adjusted for PPA in D&A of €26m. All effects are cumulative.

12

Revenue development Service business continues to grow

Onshore revenues (€m)

262369

(29%)

Q1 2016Q1 2015

Onshore revenues breakup (€m)

Service revenues (€m)

7356

+30%

Q1 2016Q1 2015

Offshore revenues (€m)

2928

Q1 2016Q1 2015

+3%

Other revenues at €3.6m & €0.8m for Q1 2015 & Q1 2016 respectively

241338

(29%)

Q1 2016Q1 2015

22

8

+175%

Q1 2016Q1 2015

0

23

Q1 2016Q1 2015

1. Q1 2015 figures are of Senvion GmbH for comparison purposes

Europe (€m) Americas (€m) Asia-Pacific (€m)

� Mainly due to lower revenues in Germany

� Includes revenues from Canada � Includes revenues from Australia

13

389

351

28.8% 33.4%

Q1 2015 Q1 2016

1,836

1,3661,477 1,563

16.8%

24.4% 25.4% 28.4%

Mar-2013 Mar-2014 Mar-2015 PF adj CY15

Gross margin

Other key performance metrics

COGS (€m)

Operating cost breakdown 4 (€m)

8.6% 11.1% 10.9% 10.7%

7.9%7.1% 8.8% 8.5%

1.8%2.6%

2.8% 2.6%

Mar-2013 Mar-2014 Mar-2015 PF adj. CY15

Personnel Other operating D&A

419 366 433 468

Senvion GmbH Senvion S.A.

Senvion S.A.Senvion GmbHSenvion GmbH

COGS

Senvion S.A.

12.2%16.9%

9.9%

12.9%3.2%

3.7%

Q1 2015 Q1 2016

Senvion S.A.Senvion GmbH

1151223

Key highlights – Q1 2016

� Gross margin consistently increased over last three years

� Higher gross margins driven by increased proportion of service revenues

� Adequate SG&A base to support business growth

� Further cost optimisation initiatives underway

Note - All % are calculated based on revenues1. Excludes PPA impact of €1.5mn ; 2. Excludes trailing edge provision of €8.2m; 3. PPA effect of €26m excluded from D&A, IPO costs

excluded from Opex; 4. Excludes net FX gain/loss

1

2

14

� Material costs include PPA impact of €1.5m

� Opex includes one time listing costs of €6.5m

� D&A includes PPA impact of €26m

� Interest expense includes shareholder loan interest of €7.7m, which has been fully converted into equity before listing

� Includes positive PPA impact of €8.1m

Bridge between reported and adjusted earnings

Income Statement Senvion SA Adjust-ments

Senvion SA

€m, unaudited Q1 CY16 Adj. Q1 CY16

Revenue 364 364

Total performance 473 473

Material expenses (352) 1.5 (351)

Gross profit 120 122

Gross margin % 33.0% 33.4%

Other operating income 9 9

Personnel expenses (62) (62)

Other operating expenses (53) 6.5 (46)

FX gain/loss 5 5

EBITDA 19 27

EBITDA % 5.3% 7.5%

Depreciation & Amortisation (39) 26 (13)

EBIT (20) 14

EBIT% (16.9%) 3.8%

Net interest (22) 7.7 (14)

Taxes 10 (8.1) 2

Net Profit from cont. operations (32) 1

PAT % (6.9%) 0.3%

3

4

5

1

2

3

1

2

4

5

Key adjustments

15

35

4643

30

10 10

Mar-2013 Mar-2014 Mar-2015 PF adj CY15 Q1 2015 Q1 2016

Breakup of tangible Capex and R&D

R&D spend (€m)

20 2339 45

12 11

22 21

19 22

5 7

Mar-2013 Mar-2014 Mar-2015 PF adj CY15 Q1 2015 Q1 2016

Capitalised R&D Expensed R&D

2.6% 3.1%

1 Excluding capitalised R&D

2.8%1.5% 2.2%

3.0%

Senvion GmbH Senvion S.A.

4258

18

% of revenue 2.2%

4.9%

67

Total Tangible Capex 1 (€m)

2.6% 1.4%

45

1.8% 3.8%

Senvion GmbHSenvion S.A.

18

Senvion GmbH Senvion S.A.Senvion GmbHSenvion S.A.

% of revenue

Key highlights

� Full year capex likely to be higher than last years

� Increase in R&D spend likely compared to previous years to invest into new products

16

211 213

160

(101)(132)

Net working capital Working capital levels improved further

Key highlights

� Further improvement achieved in working capital

- Better alignment in suppliers payment terms to the project milestones

- Better client advances in UK and Offshore during the quarter

- Inventory levels went up due to busy installations season ahead

Dec-15Mar-15

8.3%

Mar-14

12.1%

Mar-13

9.2%

NWC1 % of trailing 12 months revenueNet working capital

Net working capital 1 evolution (€m)

1. Net working capital defined as current assets (adjusted for liquid funds and assets of disposal Group classified as held for sale) minus total current liabilities (adjusted for provisions, liabilities of disposal Group classified as held for sale and short-term loans and current portion of long-term loans).

Mar-16

(4.7%)

Senvion GmbH Senvion S.A.

(6.4%)

17

Senvion S.A.Cash flow summary

Senvion GmbH Senvion S.A.

(€m, unaudited) Q1 CY15 Q1 CY16

Cash flows from operating activities (20) 41

Cash flows from investing activities (22) (19)

Cash flows from financing activities (2) (2)

Cash flow from discontinued operations (0) 0

TOTAL Cash Flow (44) 20

Net cash position of €25 m as on Q1 2016

Conclusion & Outlook

19

Wind Installed capacity in selected marketsSenvion is benefitting from several developments

Source: GWEC/EWEA, MAKE

Cumulated market volume (On- & Offshore in GW)

1215

2016 2018

� Federal ambitions, provincial targets and the overall goal to reduce coal capacity support outlook of stable 1GW+ market

Canada

� Grace periods for ROC lessen the impact on pipeline until end of 2017-2018 (leading to 800MW+ market)

� subsidy-free CfDs being considered

UK

� Higher traction after reform of joint certificate scheme

� After dip in 2016, markets may grow back to a 1.1GW by 2018

Nordics

� Outstanding 60GW target by 2022 resulting in stable 2.5-3GW market that takes-off by end of decade

India

� Wind as big winner of last renewable energy auction

� Next auction with much larger volumes

� Stable 300MW+ market

Chile

� Steady 1GW market peaking in 2018

� Auction system kicking in 2019 with minor influence on stability

France

� Onshore markets staying at high level (3GW+) in the short-term

� Auction system may bring volatility in short term

Germany

� Revised energy target giving certainty which brings the market back to a 1GW+ level in the long-term

Australia

1519

2016 2018

911

2016 2018

28

34

2016 2018

1 2

2016 2018

1113

2016 2018

49

58

2016 2018

4 5

2016 2018

20

Enhanced Cost Transparency

Top line Growth in Addressable Markets• Sustain and grow market shares in

• Current Markets and in new market entries

• Based on strong product portfolio

• In low wind and with best in class LCOE

• And solid Service business with

• With improved efficiency and better aftermarket products and offerings

Grow Profitability• Focus on quality

• Drive product cost reduction

• Using global supply chain and multi-vendor sourcing

• Stringent target costing and value engineering

• Lead time reduction in scheduling/installation time

Organization – From Function to Project Organization

2

4

3

Clear roadmap to deliver strategic goals

1

21

Financial calendar 2016

Event Date

Q1 2016 results May 10, 2016

Berenberg Energy Efficiency & Construction Sector Conference 2016, Zurich

June 7, 2016

dbAccess German, Swiss & Austrian Conference, Berlin

June 8, 2016

J P Morgan – Capital Goods CEO Conference, London

June 9, 2016

Q2 2016 results August 12, 2016

Macquarie's 9th Alternative Energy Conference, London

September 16, 2016

Q3 2016 results November 15, 2016

Publication of preliminary annual financials March 2017

Annual results 2016 March 2017

Annual general meeting May 31, 2017

Q&A

Your Investor Relations Team:

Dhaval VakilVice President – Capital Markets and M&A

T: +44 20 7034 7992M: +44 7788390185Email: dhaval.vakil@senvion.com

Julia StargardtManager Capital Markets

T: +49 40 5555 090 3517M: +49 172 3683 906Email: julia.stargardt@senvion.com

For general queries: IR@senvion.com

Appendix

23

Senvion S.A. Senvion GmbH Senvion S.A.

(€m, unaudited) PF adj. CY15 1 Q1 CY15 Q1 CY16

Revenues 2,139 456 364

Capitalized development expenses 45 13 11

Changes in finished goods and WIP (13) 52 98

Total performance 2,171 521 472

Material expenses / services obtained (1,563) (398) (352)

Gross profit 608 123 120

Gross margin % 28.4% 27.0% 33.0%

Other operating income 11 2 9

Personnel expenses (230) (56) (62)

Other operating expenses (182) (45) (53)

Foreign exchange gain/loss 3 (0) 5

EBITDA 210 24.3 19

EBITDA % 9.8% 4.7% 5.3%

Depreciation & Amortization (56) (15) (40)

EBIT 154 9.7 (20)

EBIT % 7.2% 1.9% (16.9%)

Net interest (int cost – int income) (52) (5) (22)

Earnings before taxes 102 5 (42)

EBT % 4.8% 1.1% (9.0%)

Taxes (39) (3) 10

Net Profit from cont. operations 63 3 (32)

PAT % 2.9% 0.5% (6.9%)

Comments

Note – Net FX impact is shown separately1 Pro-forma adjusted financials are unaudited and prepared as if Senvion S.A. acquired Senvion GmbH from 1st January 2015. Adjusted EBITDA does not include PPA effects, trailing edge provision of €22m, acquisition related costs of €28m and general warranty release income of €4m. EBIT does not include reorganisation expenses of €8m and PPA impact of €104m

� Senvion GmbH figures are only provided for comparison purposes

� Includes the PPA impact of €1.5mn

� Includes IPO expenses of €6.5m

� Includes PPA of c.€26m

� Includes interest on shareholder loan, which has been fully converted into equity on listing

� Includes positive PPA benefit of c.€8mn

1

3

1

Senvion S.A.Income statement

24

4

5

5

2

3

24

� Material expenses include the trailing edge provision of €22m

� Other operating income include income from warranty release of €4m

� Opex include one-off acquisition related transaction costs of €28m in the holding companies

� Interest expense includes shareholder loan interest of €35m, which will not occur post listing and other one-off costs

� Adjusting tax impacts due to above adjustments

Senvion S.A.Bridge between reported and adjusted P&L

Income Statement Senvion SA 1 Adjust-ments

Senvion SA 1

(€m) PF CY15 PF Adjusted CY15

Revenue 2,139 2,139Changes in finished goods and WIP (13) (13)Capitalised development expenses 45 45Total performance 2,171 2,171Material expenses/ services obtained (1,585) 22 (1,563)Gross profit 587 608Gross margin % 27.4% 28.4%Other operating income 48 (4) 44Personnel expenses (230) (230)Other operating expenses (240) 28 (212)EBITDA 165 210EBITDA % 7.7% 9.8%Depreciation & Amortisation (56) (56)EBIT before reorganisation exp. 108 154EBIT before reorganisation exp% 5.1% 7.2%Reorganisation expenses2 (8) 8 0EBIT 100 154EBIT % 4.7% 7.2%Net interest (95) 43 (52)PPA impacts (137) 137Earnings before taxes (131) 102EBT % (6.1%) 4.8%Taxes (without PPA impact) (25) (14) (39)Net Profit from cont. operations (156) 63PAT % (7.3%) 2.9%

1. Pro-forma adjusted financials are unaudited and prepared as if Senvion S.A. acquired Senvion GmbH from 1st January 2015 and shows PPA in one line below EBIT rather than in each line item for ease of understanding. PPA comprises (€96m), (€104m), €7m and €57m for line items material expenses, depreciation and amortisation, other operating income and taxes respectively

2. Reorganisation expenses relate to closing of the Canadian blade facility

3

4

5

1

2

3

1

2

4

5

Adjustments

25

Note – Current liabilities does not include short term loans; other liabilities include deferred taxes; Equity capital includes minority interest

Assets

(€m, unaudited) Dec-15 Mar-16

Liquid Funds 419 439

Current Assets (excluding liquid funds) 805 869Receivables 280 188

Inventories 417 543

Others 109 138

Property, plant & equipment 193 193

Goodwill and other intangible assets 687 667

Other Non current assets 21 19

Total 2,126 2,188

Liabilities

(€m, unaudited) Dec-15 Mar-16

Loans (short term and long term) 16 15

Subordinated shareholder loan 469 0

Current liabilities (excluding provisions and short term loans) 906 1,001Advance payments received 291 354

Trade payables 382 431

Gross amount due to customers for contract work as a liability 72 47

Others 161 169

Provisions 218 222

Other liabilities 586 566

Total equity capital (69) 384

Total 2,126 2,188

Senvion S.A.Balance sheet

26

Senvion S.A.Cash flow summary

Senvion S.A. Senvion GmbH Senvion S.A.

(€m, unaudited) PF adj. CY15 Q1 CY15 Q1 CY16

Result before income taxes (127) 5 (42)Adjustments forDepreciation on property, plant and equipment, amortization of intangible assets and write-offs on financial assets

110 15 39

Interest income (1) (1) (1)Interest expenses 62 5 23Increase/decrease in provisions (17) 6 5Profit/loss from sales of property, plant and equipment, intangible and other long-term assets 0 0 0Change in working capital 321 (46) 22Interest received 1 1 1Interest paid (27) (4) (5)Income tax paid/received (3) 0 (1)Other non-cash income and expenses 0 0 0Cash flow from operating activities 318 (20) 41

Thereof from discontinued operations 0 0Cash receipts from the sale of property, plant and equipment, intangible and other long-term assets

1 0 2

Cash payments for the purchase of intangible assets (33) (14) (11)Cash payments from purchase of property, plant and equipment and other long-term assets (16) (8) (10)Acquisition of subsidiary: Net of cash acquired (731) 0 0Cash flow from investing activities (779) (22) (19)

Thereof from discontinued operations 0 0 0Cash repayments of amounts borrowed 0 (2) (2)Cash flow from financing activities 874 (2) (2)Increase/decrease in cash and cash equivalents 413 (44) 20Cash and cash equivalents at the beginning of the period 0 344 413Cash and cash equivalents at the end of the period 413 300 434Liquid funds 419 301 439Cash displayed in “Assets of disposal group classified as held for sale” 0 6 0Short-term bank liabilities (6) (7) (5)Cash and cash equivalents at the end of the period 413 300 434

27

Key terms of the bondSenior secured notes (Green Bond) 2015

Issuer Senvion Holding GmbHPrincipal amount €400m

Issue Date April 29, 2015

Maturity Date November 15, 2020

Ranking Senior secured

Interest 6.625 %

Interest Payment May 15 and November 15, commencing November 15, 2015

Minimum Denomination

€100,000 and integral multiples of €1,000 in excess thereof

Optional Redemption

Prior to May 15, 2017:

Equity clawback – up to 40% at 106.625%; provided that at least 50% of the original issue size remains outstanding after redemption.

Up to 10% in any 12-month period commencing the Issue Date, at 103%.

100% plus “make-whole” premium.

On and after May 15, 2017, Notes may redeemed at:

103.313% until May 14, 2018

101.656% until May 14, 2019

100.000% from May 15, 2019

Regulation S ISIN/ Common Code

XS1223808749/122380874

Rule 144A ISIN/ Common Code

XS1223809390/122380939

Listing Irish Stock Exchange (traded on the Global Exchange Market)

Trustee Deutsche Trustee Company Limited

� In order to reduce future cash interest payments, as well as future amounts due at maturity or upon redemption, we may, from time to time, purchase our Senior Secured Notes for cash in open market purchases, privately negotiated transactions or otherwise

� We will evaluate any such transactions, including the amount and timing of purchases, in light of then-existing market conditions and other factors

� The amounts involved in any such transactions, individually or in the aggregate, may be material

Comments

28

MW under service

74%MW not

under service26%

Offs

hore

Ons

hore

Revenues (Dec-15) 1

€2,139m

Key facts

Adj EBIT 2 / margin (Dec-15)

€154m / 7.2%

Order book (Dec-15)

€5.4bn 3

Installed base (Dec-15)

13.7GW

MM series 6.XM series

By business (Dec-15) By region (Dec-15)

Product portfolio snapshot 5

By serviced fleet (Dec-15)

3.XM series

� First mover in 5MW+ class

� Largest operating fleet in 5MW+ class

� Largest commercially proven turbine by power rating

� First mover and technology trendsetter in 3MW class

� Strong player in all wind classes, historically high and medium wind

� Released industry-leading low wind turbine – 3.4M140

Revenue breakdown Installed base breakdown 4 Installed base serviced

Serviced base: 10.2GW

1. Financials refer to Senvion’s additional consolidated financial statements as of and for the financial years ended Mar-2013, Mar-2014 and Mar-2015, prepared on a voluntary basis covering the three financial periods that were included in the statutory consolidated financial statements each as of and for the financial years ended Mar-2013, Mar-2014 and Mar-2015 published separately. The voluntary consolidated financial statements as of and for the financial years ended Mar-2013, Mar-2014 and Mar-2015 reflect the change in accounting policy for revenue recognition from the sale of onshore wind turbines retrospectively and the application of IAS 10 Events after the Reporting Period for all periods presented herein;

2. Adjusted EBIT is defined as EBIT after applying adjustments to eliminate certain special items. Adjustments to EBIT include adjustments for release of general warranty provisions, adjustments relating to offshore blade provisions and write off of charter contracts for offshore O&M ships; 3. Includes net firm orders, signed contracts and service order book; 4. Offshore installations allocated to Europe; 5. Selected products

Onshore84%

Offshore5%

Service11%

Europe77%

North America

17%

Australia3%

APAC3%

Senvion S.A.A leading global player in wind energy

29

Our footprint is strategically located in key devel oped and emerging markets

Key highlights

� German engineering excellence

� Global presence

� Increasing sourcing from low-cost countries

� Positioned to benefit from both worlds

Key operations

Germany HQ: Hamburg Italy MilanR&D: Osterroenfeld,Buedelsdorf, Osnabrück Australia Melbourne

UK Edinburgh Canada Montreal

France Paris USA Denver

Portugal Oliveira de Frades China & India Sourcing offices

1

2

3

4

5

7

8

9

6

Production

Nacelle/Hub Type CapacityMW

HusumMM-

Series1,000

Trampe 3XM 500

Bremerhaven3XM, 6XM

1,100

Oliveira de FradesMM-

Series1,000

Total Hub & Nacelle 3,600

1

2

3

4

Blades Type Capacity(%)

Bremerhaven RE 61 12%

VagosRE 40/45/51/55/59

88%

5

6

Sales footprint today focused on key developed mark ets while progressively benefitting from sourcing a nd production in low-cost countries

12

3

7

8

4

6

4

5

3 1 2

5

9

9

6

30

Senvion Installed Capacity Worldwide (MW 1,2,3)

1 Status December 20152 Includes all installed and SCADA connected systems3 Senvion installation from 1987 onwards

North America

Canada 1,091

USA 1,264

Total 2,355

Europe

Germany 4,514France 1,921UK 1,522Italy 812

Others1,794

Total 10,563

Asia

China 234

Japan 118

India 23

Total 375

Australia

Total 440

India

Romania

UK

Portugal

China

Japan

AustriaHungary

ItalyUSA

Canada

PolandSweden

GermanyNetherlands & Belgium

France

Spain

Czech Republic

Globally: 13.7GW

Europe77%

NA17%

Asia3%

Significant track record through c.14GW of installe d base

Australia3%

31

Offshore turbines

Onshore 3.XM

Series

Turbinetype

Rated power(MW)

Prototype installation

6.15

6.15

2014

2009

2.05

2.05

2.00

2005

2003

2011

Onshore MM Series

With Vortex Generators

3.40

3.40

3.20

3.20

3.00

2009

2014

2014

2011

2014

3.40 2015

3.20 2015

3.40 2015

Wind class

Class I

Class I, II

Class II

Class I

Class II, III

Class I

Class II

Class II, III

Class II, III

Class III

Class II

Class III

Class III

Senvion S.A.Product portfolio at a glance

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