#1Packer ZIM SAMMY OFER ZIM MAERSK MAERSK MAERSK MAERSK 1717 717 ZIMLNG Powered by TheFactor INVESTOR PRESENTATION Q4 & FY 2023 FINANCIAL RESULTS March 13, 2024#2Disclaimer | Forward-Looking Statements || The following information contains, or may be deemed to contain forward-looking statements (as defined in the U.S. Private Securities Litigation Reform Act of 1995). In some cases, you can identify these statements by forward-looking words such as "may," "might," "will," "should," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential" or "continue," the negative of these terms and other comparable terminology. These forward-looking statements, which are subject to risks, uncertainties and assumptions about the Company, may include projections of the Company's future financial results, its anticipated growth strategies and anticipated trends in its business. These statements are only predictions based on the Company's current expectations and projections about future events or results. There are important factors that could cause the Company's actual results, level of activity, performance or achievements to differ materially from the results, level of activity, performance or achievements expressed or implied by the forward-looking statements. Factors that could cause such differences include, but are not limited to: market changes in freight, bunker, charter and other rates or prices, supply- demand fluctuations in the containerized shipping market, new legislation or regulation affecting the Company's operations, new competition and changes in the competitive environment, our ability to achieve cost savings or expense reductions, the outcome of legal proceedings to which the Company is a party, global, regional and/or local political instability, including the ongoing war between Israel and Hamas and the ongoing hostilities between Israel and Hezbollah, inflation rate fluctuations, capital markets fluctuations and other risks and uncertainties detailed from time to time in the Company's filings with the U.S. Securities and Exchange Commission (SEC), including under the caption "Risk Factors" in its 2023 Annual Report filed with the SEC on March 13, 2024. Although the Company believes the expectations reflected in the forward-looking statements contained herein are reasonable, it cannot guarantee future results, level of activity, performance or achievements. Moreover, neither the Company nor any other person assumes responsibility for the accuracy and completeness of any of these forward-looking statements. The Company assumes no duty to update any of these forward-looking statements after the date hereof to conform its prior statements to actual results or revised expectations, except as otherwise required by law. The Company prepares its financial statements in accordance with International Financial Reporting Standards (IFRS), as issued by the International Accounting Standards Board (IASB). | Use of non-IFRS financial measures | The Company presents non-IFRS measures as additional performance measures as the Company believes that it enables the comparison of operating performance between periods on a consistent basis. These measures should not be considered in isolation, or as a substitute for operating income, any other performance measures, or cash flow data, which were prepared in accordance with Generally Accepted Accounting Principles as measures of profitability or liquidity. Please note that Adjusted EBITDA does not take into account debt service requirements, or other commitments, including capital expenditures, and therefore, does not necessarily indicate the amounts that may be available for the Company's use. In addition, Non-IFRS financial measures, as those presented by the Company, may not be comparable to similarly titled measures reported by other companies, due to differences in the way these measures are calculated. | Adjusted EBITDA || Net income (loss) adjusted to exclude financial expenses (income), net, income taxes, depreciation and amortization in order to reach EBITDA, and further adjusted to exclude impairment of assets, non-cash charter hire expenses, capital gains (losses) beyond the ordinary course of business and expenses related to legal contingencies. | Adjusted EBIT | Net income (loss) adjusted to exclude financial expenses (income), net and income taxes, in order to reach our results from operating activities, or EBIT, and further adjusted to exclude impairment of assets, non-cash charter hire expenses, capital gains (losses) beyond the ordinary course of business and expenses related to legal contingencies. | Free cash flow | Net cash generated from operating activities minus capital expenditures, net. | Total cash position || Includes cash and cash equivalents and investments in bank deposits and other investment instruments. | Net debt | Face value of short- and long-term debt, minus cash and cash equivalents, bank deposits and other investment instruments. Net cash: cash and cash equivalents, bank deposits and other investment instruments exceeding the face value of short- and long-term debt. | Net leverage ratio || Net debt (defined above) divided by Adjusted EBITDA for the last twelve-month period. See the reconciliation of net income to Adjusted EBITDA and Adjusted EBIT below. ZIM **** *** ZIM#3Q4 & FY 2023 highlights Financial highlights 2024 guidance Market update Summary Full Year 2023 Results Revenue $5.2 Bn (-59%) Adj EBITDA $1.0 Bn (-86%) **** *** ZIM Total liquidity Total equity** Adj EBIT $(422)Mn* Cash flow from operations (31.12.2023) $1.0 Bn $2.7 Bn (-83%) Margins Adj EBITDA Margins Adj EBIT 20% -8% * FY 2022 Adjusted EBIT totaled $6,145 million 3 ** FY 2023 financial results include the adverse impact of a non-cash impairment of approximately $2.1 billion (31.12.2023) 2.5 Bn#4Q4 & FY 2023 highlights Financial highlights 2024 guidance Market update Summary **** *** ZIM | 2024 Outlook 4 2024 Market Dynamics 2024 Guidance Supply-Demand imbalance Adjusted EBITDA Adjusted EBIT Uncertain Duration & Impact $850 Mn to $(300) Mn to Red Sea disruptions Panama Canal draft restrictions $1,450 Mn $300 Mn#5**** Q4 & FY 2023 highlights Financial highlights 2024 guidance Market update Summary *** ZIM | 2023-2024: ZIM Strategic Transformation On Track Sn 5 Operational Excellence Modern fleet: 46 newbuilds; 28 LNG-powered Optimize fleet; redeliver old chartered capacity Adapt network and open new services Commercial Resilience Operate 2 LNG-based services on Asia-US EC trade Deliver ZIM's signature "Z Factor" customer care 2025 & Beyond 7 Modern, greener, fuel-efficient fleet Cost competitive fleet, better suited for commercial strategy Leader in carbon intensity reduction#6Q4 & FY 2023 highlights Financial highlights 2024 guidance Market update Summary **** *** ZIM 2024 Capital Allocation Priorities 6 Invest in long-term growth Preserve cash Fleet Equipment Growth engines Cost savings & cost avoidance initiatives#7Q4 & FY 2023 highlights Financial highlights 2024 guidance Market update Summary Key Operational and Financial Indicators* 7 Operational Q4-23 FY-23 Cash Flow Q4-23 FY-23 Balance Sheet 31-12-2023 Carried volume (K TEUs) 786 3,281 (-5%) (-3%) Free cash flow ($ Mn) 128 (-920) (-4,877) 919 Total debt 4,998 ($ Mn) (+666) Freight rate ($/TEU) 1,102 1,203 (-48%) (-63%) Cash 67% 88% Cash, bank deposit and 2,689 conversion rate (-41%) investment instruments (+11%) ($ Mn) (-1,922) Revenue ($ Mn) 1,205 5,162 (-45%) (-59%) Net debt ($ Mn) 2,309 (+2,588) * Operational and cash flow metrics - figures in parentheses reflect comparison to the same period prior year; balance sheet metrics - figure in parentheses reflect comparison to year-end 2022 Net leverage 2.2x ratio **** *** ZIM#8Q4 & FY 2023 highlights Financial highlights 2024 guidance Market update Summary ZIM Operated Capacity*; 2024-25 Expected Deliveries & Redeliveries Newbuild capacity 46 containerships (of which 28 LNG-fueled); Delivery 2023-2024 00 8 150 Vessels 134 containerships + 16 car carriers 10 x 15,000 TEU LNG-fueled Delivered 9 4x12,000 TEU Delivered 4 18 x 8,000* TEU LNG-fueled Delivered 6 6 x 5,500 TEU wide beam 8 x 5,300 TEU wide beam Delivered 3 Delivered 2 **** *** ZIM Re YTD 2024 2 chartered vessels 2024 deliveries 2025 30 additional vessels up for renewal 37 vessels up for renewal * As of March 2024; of 134 containerships - 120 are chartered vessels and 14 are owned by ZIM; all car carriers are chartered ** 15 vessels are 8,240 TEUS and 3 vessels are 7,950 TEUS#9Q4 & FY 2023 highlights Financial highlights 2024 guidance Market update Summary Q4 2023 & FY 2023 Financial Highlights 9 -59% -86% -80% -45% 60% 20% Revenue ($Mn) 2,189 1,205 Q4.22 Q4.23 FY.22 12,562 5,162 FY.23 Adjusted EBITDA ($Mn) 44% 16% 973 190 7,541 1,049 Q4.22 Q4.23 FY.22 FY.23 >-100% >-100% >-100% >-100% 49% -8% 27% -4% Adjusted 4,629 585 6,145 (422) EBIT ($Mn) (49) Net Income/ (Loss)* ($Mn) 417 (147) (2,688) Q4.22 Q4.23 FY.22 FY.23 04.22 Q4.23 FY.22 FY.23 * Full year 2023 net loss includes the adverse impact of a non-cash impairment of approximately $2.1 billion **** *** ZIM XX% - margin#10Q4 & FY 2023 highlights Financial highlights 2024 guidance Market update Summary **** *** ZIM Volume Breakdown By Geographic Trade Zone (K TEU) 3,380 3,281 Latin America Intra-Asia Atlantic Cross-Suez Pacific 238 1,058 496 428 823 786 59 91 250 206 1,160 108 116 115 54 291 319 290 917 45 429 386 1,259 10 Q4.2022 Q4.2023 FY.2022 FY.2023#11Q4 & FY 2023 highlights Financial highlights 2024 guidance Market update Summary Full Year 2023 Cash Flow Bridge ($Mn) 11 -128 27 1,020 919 -769 -2,094 -1,923 -21 42 Cash Flow from Operations CAPEX & Prepayments Sale of Assets Free Cash Dividend Debt Service Net Chage Others Net Change in Flow in ST Loans Cash Position **** *** ZIM#12Q4 & FY 2023 highlights Financial highlights 2024 guidance Market update Summary Q4 2023 Cash Flow Bridge ($Mn) 12 6 -40 162 128 -598 47 -423 Cash Flow from CAPEX Operations Sale of Assets Free Cash Flow Debt Service Others Net Change in Cash Position **** *** ZIM#13Q4 & FY 2023 highlights Financial highlights 2024 guidance Market update Summary **** *** ZIM | 2024 Full Year Guidance 13 Adjusted EBITDA Assumptions $850 to 1,450 Mn Freight rates: Slightly higher Adjusted EBIT Volume: Higher $(300) to 300 Mn Bunker costs: Lower 1 ZIM#14Q4 & FY 2023 highlights Financial highlights 2024 guidance Market update Summary The Red Sea Crisis: a "Wild Card"; Sustained Impact on Rates - Uncertain No. of Ships 500 400 300 200 100 Containerships diverted from Suez and Panama Canals to Cape Route 0 13 Dec 06 Dec 29 Nov 22 Nov 15 Nov 08 Nov Οι Νον 21 Feb 14 Feb 07 Feb 31 Jan 24 Jan 17 Jan 10 Jan 03 Jan 27 Dec 20 Dec Note: Ships are included in the Cape route count only when Suez routing and are removed when they return to the regular route. they deviate from the normal 14 Source: Linerlytica, Market Pulse, Issue 2024-09, 26 February 2024 **** *** ZIM 6,000 Shanghai Containerized Freight Index 400% 350% 5,000 300% 250% 4,000 200% 150% 3,000 100% 50% 2,000 0% -50% -100% 5.50 5.00 4.50 4.00 3.50 3.00 2.50 2.00 1.50 Capacity in TEU Millions SCFI (16 Oct 2009-1000) 1.00 1,000 0.50 0.00 Jan-20 Feb-20 Mar-20 Apr-20 May-20 Jun-20 Jul-20 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Feb-21 Mar-21 Apr-21 May-21 Jun-21 Jul-21 Aug-21 Sep-21 Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 Dec-22 Jan-23 Feb-23 Mar-23 Apr-23 May-23 Jun-23 Jul-23 Aug-23 Sep-23 Oct-23 Nov-23 Dec-23 Jan-24 Feb-24 Mar-24 Comprehensive Index Source: SCFI -YoY Change % -150%#15Q4 & FY 2023 highlights Financial highlights 2024 guidance Market update Summary 2024 Underlying Market Dynamic - Significant Oversupply with 120 Large Capacity Newbuilds Expected this Year 15 30M - Supply/Demand Balance Delivery Breakdown by Size Range in TEU Millions **** *** ZIM 2012 0.3M 0.3M 0.6M 2013 0.4M 0.5M 0.3M 0.2M 2014 0.2M 0.4M 0.6M 0.3M 10% 9.7% 2015 0.2M 0.6M 0.4M 0.5M 8.6% 20M 6.3% 7.6% 8.2% 2016 0.2M 0.4M 0.3M 7.2% 5.8% 1.8% 3.0% 5.2% 2017 0.5M 0.4M 4.0% 3.8% 2018 0.2M 0.3M 0.5M 2.5% 4.7% 1.7% 1.8% 3.8% 2.9% 4.5% 4.1% 2019 0.2M 0.3M 0.5M 2.5% 2020 0.2M 0.2M 0.4M -0.3% -1.1% 0.3% 0% 2021 0.2M 0.3M 0.6M 10M 2022 0.3M 0.3M 0.5M 2023 0.5M 0.2M 0.2M 1.4M 2024 0.5M 0.8M 0.5M 1.4M 2025 0.3M 0.5M 1.1M 2026 0.2M 0.5M 0.5M 0 -10% 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023F 2024F 2025F OM IM 2M Fleet Capacity (year and Mteu) % Annual Capacity Growth < 5,100 TEU 5,100-9,999 TEU 10,000-15,099 TEU NPX ≥ 15,100 TEU Global Throughput Growth Source: Alphaliner Monthly Monitor, February 2024 Source: Alphaliner Monthly Monitor, February 2024#16Q4 & FY 2023 highlights Financial highlights 2024 guidance Market update Summary Factors Impacting Effective Supply 16 Geopolitics C Blanking Regulatory O Climate-related C Slow steaming Scrapping O Idling **** *** ZIM#17Q&A SESSION MAERSK MAERSK ZIMLNG Powered by The Factor#18Q4 & FY 2023 highlights Financial highlights 2023 guidance Market developments Summary Clear Path Forward 18 2025 and beyond Significantly improved market position 2023-2024 Transition period **** *** ZIM#19APPENDIX MAERSK Spring MAERSK MAERSK MAERSK The Facher ZIMLNG The Factor MAERSK MAERSK Factor The B m Powered by-The N Factor MAERSK MAERSK STEALANS MAERSK MAERSK MAERSK MAERSK MAERSK HAMBURG SLO MAERSK#20Reconciliation of Net Income to Adjusted EBITDA and Adjusted EBIT ($ in Mn) 2023 2022 2021 RECONCILIATION OF NET INCOME (LOSS) TO ADJUSTED EBIT Net income (loss) (2,688) 4,629 4,649 Financial expenses, net 305 109 157 Income taxes (128) 1,398 1,010 Operating income (loss) (EBIT) (2,511) 6,136 5,816 Non-cash charter hire expenses 0 0 2 Capital gain (loss), beyond the ordinary course of business 20 (1) 0 Impairment losses of assets 2,063 0 0 Expenses related to legal contingencies 5 10 2 Adjusted EBIT (422) 6,145 5,820 RECONCILIATION OF NET INCOME (LOSS) TO ADJUSTED EBITDA Net income (loss) (2,688) 4,629 4,649 Financial expenses, net 305 109 157 Income taxes (128) 1,398 1,010 Depreciation and amortization 1,472 1,396 780 EBITDA (1,039) 7,532 6,596 Non-cash charter hire expenses 0 0 2 Capital gain (loss), beyond the ordinary course of business 20 (1) 0 Impairment losses of assets 2,063 0 0 Expenses related to legal contingencies 5 10 2 Adjusted EBITDA 1,049 7,541 6,597 20 Note: (1) The tables above may contain slight summation differences due to rounding. **** *** ZIM