APMM Q3 2023 Financial Results

Third quarter 2023 Ocean 10,000 • ⚫ Revenue decreased by 56% to USD 7.9bn, mainly due to 58% lower freight rates partially offset by a volume increase of 5%. Sequentially, freight rates declined 14% ⚫ EBIT decreased by USD 8.8bn to negative USD 27m due to lower freight rates, partly offset by lower operating costs, notably for bunker costs (lower bunker price and consumption), as well as container handling costs and slot charter costs 8,000 6,000 4,000 2,000 0 -2,000 14 APMM Q3 2023 Financial Results Development in EBIT (USDM) and EBIT margin (%) 50% --- 40% 30% 20% 10% 0% -10% Q3 21 Q4 21 Q1 22 Q2 22 EBIT Q3 22 Q4 22 EBIT margin Q1 23 Q2 23 Q3 23 Revenue EBITDA Q3 2023 (USDm) 7,897 Q3 2022 (USDm) 18,018 1,133 9,924 EBITDA margin 14.3% 55.1% EBIT -27 8,734 EBIT margin -0.3% 48.5% Gross capital expenditures 443 520 MAERSK

View entire presentation