#1COSCO SHIPPING Ports Limited COSCO SHIPPING 中遠海運港口有限公司 The Ports for ALL FY2021 Results Presentation Improve Quality and Efficiency to Enhance Development Lean Operation Achieves Results March 30, 2022 DNIddIHS OSO#2Agenda 1 Key Highlights 2 Financial Performance 3 Operational Review 4 Strategy & Outlook 5 Appendix 02820 COSCO SHIPPING#3Agenda 1 Key Highlights 2 Financial Performance 3 Operational Review 4 Strategy & Outlook 5 Appendix 02820 COSCO SHIPPING#4Strong 4Q & FY Terminal Profit Growth 4Q terminal profit increased by 32.0% YoY to USD 105.8M; FY21 terminal profit surged by 38.1% YoY to USD 427.3M The Company recorded strong 4Q and FY terminal profit growth on the back of our lean operations strategy as well as macro environment improvement 4Q2021 Terminal Profit (US$ million) FY2021 Terminal Profit (US$ million) 400.0 +38.1% YoY 427.3 309.5 125.0 +32.0% YoY 105.8 500.0 100.0 80.1 75.0 50.0 25.0 300.0 200.0 100.0 0.0 0.0 4Q2020 4Q2021 FY2020 FY2021#5Strong Subsidiaries' Terminal Profit Growth ➤ Substantial enhancement for subsidiaries' terminal profit through effective "revenue boost" and "cost reduction" measures 4Q2021 Subsidiaries' Terminal Profit (US$ million) +76.0% YoY 28.7 FY2021 Subsidiaries' Terminal Profit (US$ million) +156.4% YoY 88.8 16.3 China 18.0 +72.6% YoY 49.8 1.0 10.5 34.7 China +72.2% YoY 61.6 10.7 7.3 5.8 Overseas 41.4 +81.9% YoY -6.3 35.8 27.2 -1.1 8.4 4Q2019 4Q2020 4Q2021 FY2019 FY2020 Overseas Turned profit FY2021 US$ million Subsidiaries' terminal profit 4Q19 4Q20 4Q21 US$ million FY19 FY20 FY21 1.0 16.3 28.7 Subsidiaries' terminal profit 49.8 34.7 88.8 Total terminal profit 59.3 80.1 105.8 Total terminal profit 344.6 309.5 427.3 Subsidiaries' terminal profit as % of total 1.7% 20.3% 27.1% Subsidiaries' terminal profit as % of total 14.5% 11.2% 20.8% 5#6Agenda 1 Key Highlights 2 Financial Performance 3 Operational Review 4 Strategy & Outlook 5 Appendix 11- 02820 COSCO SHIPPING#74Q & FY2021 Financial Highlights with Satisfactory Margin Expansion (US$ million, unless stated otherwise) 4Q2020 4Q2021 YoY (%) FY2020 FY2021 YoY (%) Consolidated throughput from Subsidiaries (in '000 TEU) 5,858 6,093 +4.0 22,329 23,375 +4.7 Revenue 277.9 347.6 +25.1 1,000.6 1,208.3 +20.7 Cost of sales 214.9 248.3 +15.5 768.0 883.1 +15.0 Gross profit 63.0 99.4 +57.7 232.6 325.2 +39.8 Gross profit margin 22.7% 28.6% +5.9 pps 23.2% 26.9% +3.7 pps Share of profits from Joint Ventures & Associates 64.0 69.6 +8.8 272.7 329.4 +20.8 Profit before taxation 98.7 156.0 +58.0 408.6 500.5 +22.5 Net profit attributable to shareholders 98.2 92.9 -5.4 347.5 354.7 +2.1 EPS (US cents) 2.99 2.80 -6.4 10.81 10.70 -1.0 Dividend per share (US cents) 4.324 4.280 -1.0 N/A payout ratio 40% 40% N/A Net profit attributable to shareholders (Excluding one-off items) (1) EPS (US cents) (Excluding one-off items) (1) 88.3 70.8 -19.8 269.0 332.5 +23.6 2.70 2.13 -20.8 8.37 10.03 +19.8 Notes: (1) For 2020, excluding 1Q2020 after-tax gain of USD$61.5M on disposal of interest in Yangzhou Terminal and Zhangjiagang Terminal; excluding 202020 after-tax gain of USD$7.1M on disposal of interest in Jiangsu Yangtze Petrochemical Terminal; excluding 4Q2020 after-tax gain of USD$9.9M on disposal of interest in Qinzhou International Terminal. For 2021, excluding 4Q2021 after-tax gain of USD$11.5M on disposal of interest in Tianjin Euroasia Terminal and after-tax gain of USD$10.7M on re-measurement of the previously held 16.01% interest in Tianjin Container Terminal at fair value upon acquisition of additional equity interest in Tianjin Container Terminal to make it a subsidiary.#8347.6 Solid 4Q & FY2021 Revenue Growth Revenue growth accelerated in 4Q2021 driven by our effective sales and marketing strategy to raise ASP ➤ Optimistic outlook for further ASP growth in 2022 benefitting from tariff increase of major Chinese ports 4Q2021 Revenue (US$ million) +25.1% YoY FY2021 Revenue (US$ million) Guangzhou Nansha +20.7% YoY 1,208.3 Xiamen Oceangate 56.6 1,000.6 277.9 205.0 Nantong China 45.6 49.3 7.2 Other subsidiaries in the Greater China region 171.7 China 128.4 34.0 +34.6% +25.8% 24.4 8.3 85.4 49.6 PCT 158.1 YOY 29.6 YOY 36.1 131.1 CSP Spain 69.5 281.5 CSP Zeebrugge & CFS 70.4 Overseas 256.5 Overseas Other subsidiaries in +18.0% overseas region 81.9 YOY +17.1% YOY 311.0 74.5 268.8 9.6 18.2 32.4 5.3- 4Q2020 4Q2021 - 19.0 25.3 FY 2020 FY 2021 52.6 - - 37.6 8#9Strong Gross Profit Growth with Further Margin Enhancement Greater bargaining power to increase revenue and effective cost control measures, leading to higher profit and margin expansion, particularly terminals in overseas region 4Q2021 Gross Profit (US$ million) FY2021 Gross Profit (US$ million) 99.4 +57.7% YoY Guangzhou Nansha 24.0 Xiamen Oceangate 232.6 +39.8% YoY 325.2 93.8 63.0 Nantong China 23.7 22.2 +21.2% -0.2 Other subsidiaries in the Greater China region 81.4 7.5 China +25.7% 58.7 7.3 7.5 YOY 28.9 45.5 1.3 15.3 PCT 5.2 YOY 14.6 47.8 CSP Spain 62.1 Overseas 17.8 6.2 0.5- 19.2 +153.6% CSP Zeebrugge & CFS 54.0 0.9. 4.7 -3.2 YOY 4Q2020 4Q2021 Other subsidiaries in overseas region 2.9 25.1 -12.7 FY 2020 Overseas +72.9% YoY 50.9 13.2 -6.3 FY 2021 Gross profit margin 4Q2020 4Q2021 Gross profit margin FY2020 FY2021 Greater China region 38.6% 34.8% Greater China region 39.1% 39.1% Overseas region 10.9% 23.3% Overseas region 11.9% 17.6% Total 22.7% 28.6% 9 Total 23.2% 26.9%#10Continued Terminal Profitability Enhancement Benefiting from strong relationships with shipping companies to strengthen our sales and marketing strategy, meanwhile, cost reduction plan to enhance efficiency, terminal profit in 4Q21 and FY21 grew 32.0% and 38.1% YoY, respectively The portfolio has become more diversified and sustainable 4Q2021 Terminal Profit by Regions (US$ million) FY2021 Terminal Profit by Regions (US$ million) 80.1 +32.0% YoY 105.8 Bohai Rim 27.4 309.5 Yangtze River Delta +38.1% YoY 427.3 140.7 3.5 42.7 15.5 34.9 S.E. Coast & Others 141.6 35.0 7.2 32.8 Pearl River Delta 36.1 121.3 2.5 8.7 S.W. Coast 24.4 13.0 90.9 30.6 Overseas 5.1 13.6 16.7 57.1 6.1 15.5 10 4Q2020 4Q2021 FY 2020 FY 2021 10#11Solid Financial Position to Support Further M&A Projects As of 31 December 2021, our cash position maintained strong with cash and cash equivalents of USD 1.23 billion ➤ Net gearing ratio remained at a healthy level of 28.2% with average bank borrowing cost 2.92% Expected Capex in 2022 will be USD 1.23 billion, of which approximately 30% is investment and the remaining 70% is PP&E Capex (US$ million) Investment (US$ million, unless stated otherwise) As at 31 Dec 2020 As at 31 Dec 2021 763 Total assets 11,224 12,033 PP&E Total liabilities Total equity 4,847 5,093 624 494 6,377 6,941 417 224 345 Total debt 3,048 3,220 128 Cash and cash equivalents 1,310 1,227 131 Net debt to equity 26.8% 28.2% 366 400 346 Average bank borrowing cost 3.24% 2.92% 214 2018 2019 2020 2021 11#12Agenda 1 Key Highlights 2 Financial Performance 3 Operational Review 4 Strategy & Outlook 5 Appendix 11- 02820 COSCO SHIPPING#13Total Throughput Continued to Grow 4Q2021 Total Throughput ('000 TEU) FY2021 Total Throughput ('000 TEU) 32,728 32,855 +0.4% YoY 123,825 +4.4% YoY 129,286 Bohai Rim 33.1% 31.9% 30.6% Yangtze River Delta 33.8% S.E. Coast & Others 12.3% 11.7% 11.9% 11.9% 4.4% 4.8% 4.8% Pearl River Delta 4.4% 23.7% 23.7% 22.3% 22.5% S.W. Coast 5.0% 5.6% 4.3% 4.6% Overseas 22.8% 23.6% 23.0% 23.3% 4Q 2020 4Q 2021 FY 2020 FY 2021 Total Throughput 4Q 2020 4Q 2021 YoY Change ('000 TEU) - Subsidiaries 5,858 6,093 +4.0% Total Throughput ('000 TEU) Subsidiaries FY 2020 FY 2021 YoY Change 22,329 23,375 +4.7% - Non-subsidiaries 26,870 26,762 -0.4% - Non-subsidiaries 101,496 105,911 +4.4% 13 Total throughput 32,728 32,855 +0.4% Total throughput 123,825 129,286 +4.4%#14Equity Throughput Grew 3.7% YoY in 2021 4Q2021 Equity Throughput ('000 TEU) FY2021 Equity Throughput ('000 TEU) 38,456 +3.7% YoY 39,874 10,105 -0.2% YoY 10,089 Bohai Rim 23.7% 22.8% 22.8% 23.9% Yangtze River Delta 10.6% 11.3% 10.4% 10.7% S.E. Coast & Others 8.7% 8.2% 8.8% 8.4% Pearl River Delta 22.0% 21.9% 21.2% 20.9% S.W. Coast 3.9% 4.6% 3.2% 4.0% 31.7% 31.5% Overseas 32.6% 32.1% 4Q 2020 4Q 2021 FY 2020 FY 2021 Equity Throughput 4Q 2020 4Q 2021 ('000 TEU) YoY Change Equity Throughput ('000 TEU) FY 2020 FY 2021 YoY Change - Subsidiaries 3,675 3,728 +1.4% - Subsidiaries 14,261 14,687 +3.0% - Non-subsidiaries 6,430 6,361 -1.1% - Non-subsidiaries 24,195 25,187 +4.1% 14 Equity throughput 10,105 10,089 -0.2% Equity throughput 38,456 39,874 +3.7%#15Further Enhancing Synergy with Ocean Alliance 4Q2021 Customers as A Percentage of Total Throughput (1) COSCO SHIPPING Lines OOCL ☐ OCEAN Alliance 2M+ THE Alliance -4.1% YoY Note: Evergreen + CMA Others COSCO SHIPPING Lines ☐ OCEAN Alliance OOCL FY2021 Customers as A Percentage of Total Throughput (1) Evergreen + CMA 2M + THE Alliance Others +3.4% YoY 4Q YoY Change 50.6% 52.6% 24.3% 22.7% -10.4% 6.1% 7.2% 20.2% 22.7% 30.8% +7.8% 29.4% FY YOY Change 50.9% 54.3% 23.5% 24.5% +7.6% 5.8% 6.6% +13.0% -0.3% +19.0% +10.1% 21.6% 23.2% 31.4% +11.5% 29.7% 4Q 2020 18.6% 4Q 2021 -8.6% 18.0% -7.1% FY 2020 17.7% FY 2021 -3.2% 16.0% -5.5% (1) Total throughput from 7 major subsidiary terminals at which all shipping companies call, including terminals at Guangzhou Nansha, Xiamen, Lianyungang, PCT, CSP Spain, CSP Zeebrugge and CSP Abu Dhabi. 15#16• • Optimizing Terminal Assets Portfolio Future M&A opportunities in the regions of Southeast Asia, the Middle East, Africa and South America ➤ To target Hurdle rate at least low double-digit equity IRR Strategically pursue investment opportunities to create value to our shareholders Recent Acquisitions Tianjin Container Terminal (Completed in December 2021) ranks 1st in terms of volume in the Port of Tianjin, reached 8.64 million TEU in 2021, accounted for approximately 40% of the total throughput of the Port of Tianjin became our first subsidiary terminal in the Chinese hub ports, further strengthen our industrial layout in the northern China, this project is of great strategic importance to CSPL ➤ RSGT (Completed in July 2021) has a wide coverage of container market in the Middle East and East Africa, bringing growth momentum Container Terminal Tollerort GmbH further optimizes our global ports portfolio and providing high-quality supply chain services to all shipping companies Recent Disposals Yangzhou Yuanyang Terminal, Zhangjiagang Terminal and Jiangsu Petrochemical Terminal divestment of non-strategic assets in order to add value to the Company and improve portfolio quality continue to strengthen our portfolio in the YRD region, including development of Nantong Tonghai Terminal and CSP Wuhan Terminal 16#17Continuing to Strengthen CSP Zeebrugge Terminal as the Hub Port in Northwest Europe with Concession Extension to 2055 Tibo Deprest/MBZ ➤ CSPL holds 85.45% stake in the Terminal. With more than 1200-meter quay length and 17.5-meter depth alongside, It has 3 berths with 1.3 million TEU target designed annual handling capacity. The Terminal has a very strong volume growth momentum, which its 3-year throughput grew from 484k TEU in 2019, 609k TEU in 2020 to 931k TEU in 2021. Its terminal profit turned positive in 2020 and its 3-year terminal profit increased from a loss of USD 9.54 million in 2019, a gain of USD 0.27 million in 2020, to a gain of USD 4.59 million in 2021, respectively. ➤ On 26 January 2022, CSPL and Port of Zeebrugge agreed to extend the concession of CSP Zeebrugge Terminal (the "Terminal") by 15 years to 2055. ➤ As a transportation hub leading to all directions, the Port of Zeebrugge has good road and rail network connecting various countries in Europe, as well as coastal ports in Northwest Europe, Central Europe, and Eastern Europe. The concession extension offers new opportunities for the Port of Zeebrugge. The goal of concession extension is to optimize the port infrastructure within the framework of our intended "clean port strategy" and continue to strengthen the Terminal as an international logistics hub. 17#18Accelerating Development of Value-Added Projects to Create New Sources of Growth Accelerate supply chain business to create new sources of profit growth Develop the supply chain business and accelerate the construction of the extended supply chain platform Build up logistics network with the supply chain platform as a link and expand service categories, better attract and retain customers, bringing new sources of profit growth CSP Abu Dhabi CFS Phase 1 Khalifa Port CSP Abu Dhabi Terminal EGA Al Taweelah Khaila Port SHANTE PROPOSES CFS EMAL CSP ADT to CFS : 10KM Documentation Center Commencement date Now operating CSP Zeebrugge CFS Total Area (sqm) Warehouse Area (sqm) Capex (Million) CSP Abu Dhabi CFS Phase 1 (1) 273,970 50,666 CSP Zeebrugge CFS 77,869 41,580 Xiamen CFS 23,800 20,000 64 USD 13 EUR 135 RMB Now operating 2023 Expected Note: (1) The total warehouse area and estimated capex of phase 1 and 2 is about 105,225 sqm and approximately USD$ 138 million. 18#19Technology Development to Facilitate Lean Operations 2022 COSCO SHIPPIN navis N4 Nantong Terminal and Wuhan Terminal implemented Navis N4 system during 2022 Coming 3-4 years Application of Navis N4 system to most of our subsidiaries in the coming 3-4 years ➤ Actively advocate 5G smart ports Demonstration port for 5G smart application, Xiamen Ocean Gate Terminal is actively carrying out research and development of driverless container truck system ➤ Rapidly enhance the construction of EAM system, in order to effectively manage equipment procurement and maintenance cost ➤ Develop MIS system, provide auxiliary decision-making for the transparency of production and operation management through unified data standards and process GSBN Further enhance terminals' IT infrastructure through the participation of GSBN and application of blockchain technology 19#20Agenda 1 Key Highlights 2 Financial Performance 3 Operational Review 4 Strategy & Outlook 5 Appendix 11- 02820 COSCO SHIPPING#21Global Terminal Network and Lean Operations Capitalize on global economic growth optimize terminal portfolio ■ Identifying potential projects and tapping into the markets such as Southeast Asia, the Middle East and Africa, particularly in strategic subsidiaries and highly-profitable non- subsidiaries amid global economic growth to enhance balanced global network ■ Restructuring terminals through port resources consolidation to increase efficiency Disposing terminals without strategic value to enhance global portfolio and increase total assets Further implement lean operations to boost quality and efficiency Continuing "lean operations" in 3 ways to enhance portfolio and raise efficiency: □ Revenue boost - capitalizing on global network and switching from single terminal service to network marketing to provide shipping companies with budget and efficient service in order to increase our bargaining power. Actively collaborating with other ports operators to raise throughput and improve overall efficiency □ Cost reduction focusing on financial control and featuring "cost per TEU" to enhance terminal operations and management □ Headquarters' empowerment - setting up COE (Center of Excellence) team to enhance port operations and management 21#22Lean Operations - Enhance Revenue Published price change of TEU in Chinese port authorities (1) ■Original published price ■2022 published price 700 +19.0% YoY +9.8% YoY +12.6% YoY +10.0% YoY 583 600 560 539 510 527 490 490 470 500 400 300 200 100 ➤ Terminals maintain good relationships with shipping companies. Apart from maximizing synergy with parent company and OOCL, we also cooperate with different shipping companies to optimize our client portfolio. Our Subsidiaries have made positive progress of new shipping lines and introduced 27 new shipping services during 2021 ➤ Given the improving global economy and our effective lean operations strategy, we have stronger bargaining power to increase ASP; average contract ASP from our subsidiaries during 2021 rose by 7.6% YoY. In particular, PCT's overall ASP increased by 14.4% YoY in 2021 ➤ We will seize the opportunities of tariff hike in major Chinese ports and strengthen negotiation strategies to further increase contract price 0 Ningbo Port Guangzhou Port Xiamen Port Tianjin Port (1) Regular 20-foot equivalent unit (TEU) laden container handling charges. Note: 22 22#23Outlook Challenges Global economic uncertainties due to continued COVID-19 Rising inflation Increasing geopolitical conflict Opportunities Long term opportunities for overseas terminals development as well as for domestic ports consolidation Good prospect on the back of our effective lean operations strategy RCEP opportunities We will actively enhance the gateway ports network and further strengthen supply chain to build terminal network in Middle East, Africa, Southeast Asia and South America Seize the opportunities of tariff increase in Chinese major ports, strong relationships with shipping companies, stronger bargaining power to raise ASP on the back of the strong demand in the value chain Effective lean operations strategy to increase revenue and control cost, leading to higher profit margin in our portfolio Expect our equity throughput volume growth will be in line with the average of industry Strong revenue growth and effective cost control could drive better and sustainable profitability 23#24SDGs of our Major Concern We align our major initiatives with the Sustainable Development Goals (SDGs) of the United Nations. By identifying five goals as the most important and most relevant to our operations, we have integrated them into five key areas of sustainable development. 8 QUALITY EDUCATION DECENT WORK AND ECONOMIC GROWTH INDUSTRY, INNOVATION AND INFRASTRUCTURE 13 ACTION CLIMATE 17 PARTNERSHIPS FOR THE GOALS SDG 4 Quality Education We provide quality training and education to our staff to cultivate talents and ensure professionalism for our sustained growth. SDG 8 Decent Work and Economic Growth We encourage sustained and inclusive economic growth that can provide economic opportunities. SDG 9 Industry, Innovation and Infrastructure We facilitate 5G development to improve operational efficiency and offer quality services. SDG 13 Climate Action We invest in building "Green Ports" to combat climate change and its impacts. SDG 17 Partnerships for the Goals We commit to mutual development and strive to fulfil our social responsibilities as a responsible corporate citizen. 24 24#25Our Sustainability Approaches Sustainability Caring for our people Corporance COSCO SHIPPING The Ports for ALL Long-term value Green development Customers first Approach 1: Caring for Our People Providing a healthy, safe, inclusive and diverse work environment to attract and cultivate talents for our sustained growth Approach 2: Customers First Investing in building "green ports", minimising the environmental impacts of our operations, and encouraging environmentally friendly behaviour among employees, suppliers and the public to promote green and low-carbon development Approach 3: Green Development Improving operational efficiency, offering high-quality customer services, and building our global terminal network and our brand to deliver the greatest value to our customers Approach 4: Win-win Cooperation Incorporating sustainability criteria into our supplier selection and management, and deepening our strategic partnership with suppliers to enable value chain enhancement Approach 5: Investing in Communities Investing in communities Win-win cooperation Applying ethics to our business practice, ensuring operational compliance, and promoting inclusive development 25 25#26Sustaining High Standard of Governance Balanced and Diverse Board Composition ✓ High level of independent representation on the Board ✓ Diversified skills, expertise and professional experience ✓ Gender diversity in the Boardroom ✓ Sufficient time commitment ESG Committee in Place ✓ Led by an Independent Non-executive Director, and comprised the Chairman of the Company and another Independent Non-executive Director Further enhance the Board's leading role in ESG aspects and issues ✓ Monitor emerging ESG trends, review the Company's ESG strategies and performance and provide recommendations to the Board The Company aims to ensure that the highest standards of corporate conduct are in place and attaches great importance to ESG issues, in order to drive corporate sustainability and better protect stakeholders' interests. 26 26#27COSCO SHIPPING The Ports for ALL 中遠海運港口有限公司 COSCO SHIPPING Ports Limited Q & A Session Thank you! O#28Agenda 1 Key Highlights 2 Financial Performance 3 Operational Review 4 Strategy & Outlook 5 Appendix 11- 02820 COSCO SHIPPING#29Terminal Profit Breakdown US$' 000 Bohai Rim Qingdao Qianwan Terminal QPI 2020 % of total 141,634 45.8% 52 0.0% 2021 141,011 0 % of total YOY 33.0% -0.4% 0.0% N/A 105,749 34.2% 120,505 28.2% 14.0% Dalian Container Terminal 7,633 2.5% 5,694 1.3% -25.4% Dalian Dagang Terminal 123 0.0% 61 0.0% -50.4% Tianjin Port Euroasia Terminal 3,069 1.0% 866 0.2% -71.8% *Tianjin Container Terminal (Subsidiary in Dec 2021) 0 0.0% (295) -0.1% N/A Tianjin Container Terminal (Associate for 2020 and from Jan to Nov 2021) 6,990 2.3% 1,471 0.3% -79.0% Yingkou Terminal 5,926 1.9% 5,121 1.2% -13.6% Yingkou New Century Terminal 4,697 1.5% 4,096 1.0% -12.8% *Jinzhou New Age Terminal 5,942 1.9% 4,818 1.1% -18.9% Qinhuangdao Terminal Dalian Automobile Terminal Dongjiakou Ore Terminal Qinhuangdao Port 114 0.0% 72 0.0% -36.8% 1,685 0.5% 1,605 0.4% -4.7% (906) -0.3% (3,441) -0.8% N/A 560 0.2% 438 0.1% -21.8% Yangtze River Delta 35,892 11.6% 42,355 9.9% 18.0% Shanghai Pudong Terminal 16,521 5.3% 17,516 4.1% 6.0% Shanghai Mingdong Terminal 8,584 2.8% 10,410 2.4% 21.3% Ningbo Yuan Dong Terminal 5,907 1.9% 8,736 2.0% 47.9% Ningbo Meishan Terminal 401 0.1% 402 0.1% 0.2% *Lianyungang Terminal 7,032 2.3% 5,806 1.4% -17.4% Taicang Terminal Shanghai Terminal 1,070 0.3% 1,217 0.3% 13.7% 1,266 0.4% 795 0.2% -37.2% Jiangsu Yangtze Terminal 44 0.0% 0 0.0% N/A *Nantong Terminal (2,394) -0.8% 395 0.1% N/A *Wuhan Terminal (2,539) -0.8% (2,922) -0.7% N/A Southeast Coast and others 8,596 2.8% 34,900 8.2% 306.0% *Xiamen Ocean Gate Terminal 8,470 2.7% 27,947 6.5% 229.9% *Quanzhou Pacific Terminal 2,846 0.9% 3,147 0.7% 10.6% 29 *Jinjiang Pacific Terminal (2,642) -0.9% 14 0.0% N/A Kao Ming Container Terminal (78) 0.0% 3,792 0.9% N/A#30Terminal Profit Breakdown (Cont'd) Pearl River Delta Yantian International Terminal Nansha Stevedoring Terminal *Guangzhou Oceangate Terminal COSCO-HIT Terminal ACT Terminal 90,877 29.4% 121,630 28.5% 33.8% 48,070 15.5% 69,372 16.2% 44.3% 5,966 1.9% 6,652 1.6% 11.5% 19,065 6.2% 22,706 5.3% 19.1% 10,055 3.2% 12,701 3.0% 26.3% 6,220 2.0% 8,556 2.0% 37.6% Guangzhou Port 1,501 0.5% 1,643 0.4% 9.5% Southwest Coast 16,711 5.4% 30,760 7.2% 84.1% Qinzhou International Terminal 1,776 0.6% 0 0.0% N/A Beibu Gulf Terminal 401 0.1% 7,469 1.7% 1762.6% Beibu Gulf Port 14,534 4.7% 23,291 5.5% 60.3% Overseas *РСТ Suez Canal Terminal Euromax Terminal 15,175 4.9% 56,757 13.3% 274.0% 19,454 6.3% 31,762 7.4% 63.3% 1,387 0.4% 2,469 0.6% 78.0% (3,089) -1.0% 6,988 1.6% N/A Kumport Terminal 8,763 2.8% 12,068 2.8% 37.7% Antwerp Terminal 1,275 0.4% 2,731 0.6% 114.2% *CSP Zeebrugge Terminal (including CFS) (32) 0.0% 4,324 1.0% N/A COSCO-PSA Terminal 9,640 3.1% 9,870 2.3% 2.4% RSGT 0 0.0% (98) 0.0% N/A *Guinea 0 0.0% (1,097) -0.3% N/A Vado Terminal (1,673) -0.5% (4,490) -1.1% N/A *Chancay Terminal (669) -0.2% (3,300) -0.8% N/A *CSP Abu Dhabi Terminal (including CFS) (18,497) -6.0% (12,093) -2.8% N/A *CSP Spain Group (excluding related business Conte Rail) (1,384) -0.4% 7,623 1.8% N/A Greater China 293,710 94.9% 370,655 86.7% 26.2% Greater China and overseas terminals 308,885 99.8% 427,413 100.0% 38.4% Related business Terminals & related business - subsidiaries* - non-subsidiaries 608 309,493 34,652 274,841 0.2% 100.0% 11.2% 88.8% (78) 427,335 88,835 338,500 0.0% 100.0% 20.8% -112.8% 38.1% 156.4% 30 79.2% 23.2%#31Global Footprint and Future M&A Opportunities Key Overseas Terminals Annual Designed Capacity (TEU) PCT (1) 6,200,000 CSP Spain Group (1) 5,100,000 CSP Abu Dhabi (1) 2,500,000 CSP Zeebrugge (1) 1,300,000 Chancay (1) 1,000,000 RSGT 5,200,000 Suez Canal 5,000,000 COSCO-PSA 4,850,000 Antwerp 3,700,000 Euromax 3,200,000 Kumport 2,100,000 Note: (1) Overseas subsidiaries •Seattle Terminal Euromax Terminal CSP Zeebrugge Terminal • CSP Spain Related Companies (CSP Bilbao Terminal and CSP Valencia Terminal) •CSP Chancay Terminal Antwerp Terminal Vado Reefer Terminal • Kumport Terminal • Piraeus Terminal Suez Canal Terminal • CSP Abu Dhabi Terminal Busan Terminal RSGT COSCO-PSA Terminal 31#32Lean Operations - Cost Control Four measures to improve lean operations and cost control capabilities Innovatively set up ports operations management COE Team Establish cost control incentive system Formulate four-stage cost control and supervision system, including 1) terminals; 2) Operations Center and COE Team; 3) Audit & Supervision Department supervise the work; 4) In terms of long-term problem which can not be effectively solved regarding cost control, introduce personnel change and disciplinary inspection when necessary Set up centralized procurement system based on the principle of making as many necessary purchases as possible from the same supplier A series of cost control measures Actively promote and enhance automation in the terminal to improve efficiency and lower outsourcing cost Evaluate the allocation of human resources and ✔ maximize human resources by one job post with multi-functions or change of job to lower labor cost ✔ Improve the working efficiency of cranes to reduce equipment electricity and fuel cost Increase durability of equipment by in-house maintenance to lower maintenance expense Our Terminals highly value the cost control system, focusing on cost per TEU. Hence, we incorporated the "cost per TEU" concept into KPI and established operating cost control goals for subsidiaries in order to effectively implement cost control measures within the operational system 32#33Incentive Scheme - Aligning Shareholders' Interests ■ A total of about 53 million share options were granted to around 238 eligible employees under the share option scheme on 19 June 2018 Exercising criteria are in line with shareholders' interests Batch No. of Percentage of Exercise Period Share Options Vested Options Vested Return on Net Assets 3 Growth Rate of Revenue EVA Indicator 3 1st batch 33.3% 1 Commencing on the first trading day after the expiration of the Restriction Period ¹ and ending on the last trading day of 60 months from the Grant Date 2 ≥ 6.0% 4 ≥ 15.0% 5 Must reach assessment target 6 2nd batch 33.3% Commencing on the first trading day after the expiration of the 36 months from the Grant Date and ending on the last trading day of 60 months from the Grant Date 2 ≥ 6.5% 4 ≥ 25.0% 5 Must reach assessment target and EVA > 0 6 3rd batch 33.4% Commencing on the first trading day after the expiration of the 48 months from the Grant Date and ending on the last trading day of 60 months from the Grant Date 2 ≥ 7.0% 4 ≥ 40.0% 5 Must reach assessment target and EVA > 0 6 Notes: 1. Restriction Period refers to Share Options cannot be exercised during the two-year period commencing from the Grant Date. 2. Grant Date is 19 June 2018. 3. The figure shall not be lower than the average of the selected peer benchmark enterprises. 4. 6. Return on net assets (after extraordinary gains and losses) in the financial year immediately preceding the vesting of the Share Options. 5. Growth rate of revenue in the financial year immediately preceding the vesting of the Share Options as compared to that in the financial year immediately preceding the Grant Date. The EVA indicator accomplished for the financial year immediately preceding the vesting of the Share Options. 33#34Key and Ongoing Initiatives under our Sustainability Approaches Approach 1 Caring for Our People 1. Elevating diversity and inclusion at workplace Approach 2 Customers First Approach 3 Green Development Approach 4 Win-win Cooperation 1. Building 5G smart ports to deliver more reliable and efficient services; and transitioning towards green ports by facilitating crane electrification, shore power and LED lighting installation to reduce emissions and save energy with an aim to deepening partnerships along the industry chain 2. Building resilience amid the COVID-19 pandemic by strengthening occupational health and safety for our staff, terminal workers and customers. 3. Adhering to principles of fair recruitment and career development and trainings, and strictly prohibiting any kind of discrimination 4. Encouraging internal communications and putting in place whistle-blowing policy 3. Improving operating systems, for example, applying the Navis N4 system 4. Organising customer events to promote the synergies of global terminal network 2. Gearing up for climate change by developing resilience and identifying risks 2. Adopting a fair and stringent procurement and tendering mechanism 3. Planting trees to offset 3. Conducting regular carbon emission assessment of suppliers to ensure cost competitiveness, business innovation and quality control Approach 5 Investing in Communities 1. Helping local communities fight against COVID-19 2. Alleviating poverty by making donations and sponsoring charitable events 3. Promoting literacy by sharing knowledge and experience in the industry 4. Raising environmental 4. Inviting and evaluating 4. Encouraging awareness of staff and terminal workers tenders online to prevent the pandemic from affecting project execution volunteer activities in local societies 34 =4#35Disclaimer This presentation contains certain forward-looking statements with respect to the financial condition, results of operations and business of COSCO SHIPPING Ports Limited ("COSCO SHIPPING Ports") and certain plans and prospects of the management of COSCO SHIPPING Ports. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual result or performance of COSCO SHIPPING Ports to be materially different from any future results or performance expressed or implied by such forward looking statements. Such forward-looking statements are based on numerous assumptions regarding COSCO SHIPPING Ports' present and future business strategies and the political and economic environment in which COSCO SHIPPING Ports will operate in the future. The representations, analysis and advice made by COSCO SHIPPING Ports in this presentation shall not be construed as recommendations for buying or selling shares of COSCO SHIPPING Ports. COSCO SHIPPING Ports shall not be responsible for any action or non-action made according to the contents of this presentation. 5 35#36COSCO SHIPPING The Ports for ALL 中遠海運港口有限公司 COSCO SHIPPING Ports Limited Thank you!