Q4 & FY 2023 Financial Highlights

Reconciliation 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

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