Maersk Results Presentation Deck

Maersk Group - Interim Report 03 2015 MAERSK LINE Contents The quarter was characterised by poor market conditions with oversupply and decreased imports into Europe, where freight rates declined to new historical lows. Maersk Line delivered a profit of USD 264m (USD 685m) and a ROIC of 5.2% (13.5%). The underlying profit was USD 243m (USD 659m). Revenue of USD 6.0bn was 14.9% lower than 03 2014 due to an average freight rate decline of 19.3% to 2,163 USD/FFE, where especially the key Europe trades were severely impacted. Recognised freight revenue was USD 5.4bn (USD 6.5bn) and MAERSK LINE HIGHLIGHTS Tax Net operating profit/loss after tax (NOPAT) Cash flow from operating activities Cash flow used for capital expenditure Revenue Profit/loss before depreciation, amortisation and impairment losses, etc. (EBITDA) Depreciation, amortisation and impairment losses, net Gain on sale of non-current assets, etc., net Share of profit/loss in associated companies Profit/loss before financial items (EBIT) Invested capital ROIC, annualised other revenue was USD 604m (USD 599m). In a difficult quarter, Maersk Line defended its market position and grew volumes by 1.1% to 2,427k FFE. Transported volumes (FFE in '000) Average freight rate (USD per FFE) Unit cost (USD per FFE incl. VSA income) Average bunker price (USD per tonne) Maersk Line fleet, owned Maersk Line fleet, chartered Fleet capacity (TEU in '000) Global container demand is expected to have grown between 0-1% in Q3 2015 compared to Q3 2014. The low growth is pri- marily due to weaker imports into Europe. Estimated EBIT-margin gap to peers was at 5.7%-points in 02 2015. This remains consistent with Maersk Line's ambition to sustain a gap to peers above 5%-points. 03 2015 6,018 765 483 21 303 39 264 694 -535 20,383 5.2% 2,427 2,163 2,310 324 03 2014 7,074 1,178 464 26 740 55 685 1,029 -483 20,260 13.5% 2,401 2,679 2,597 575 USD MILLION 9 months 2014 2015 18,535 2,965 1,428 33 -1 1,569 84 1,485 2,538 -1,598 20,383 9.8% 7,118 2,300 2,331 339 282 322 3,024 20,439 3,064 1,300 46 1,810 124 1,686 2,612 -1,339 20,260 11.1% 7,041 2,647 2,598 578 272 308 2,834 9/40

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