Investor Presentaiton

XCELLON CAPITAL ADVISORS PEOPLE + IDEAS + SOLUTIONS Effect on the Maritime Sector In 2020, total goods handled decreased by 3.83%, total goods loaded declined by 3.82 and total goods discharged by 3.84% in 2020 compared with 2019 due to the Covid-19. ► World total trade was realized as 13.33 billion in 2020 and world maritime trade amounted to 13.33 billion in 2020. In 2020, the Covid-19 pandemic negatively affected logistics supply chains, and production activities and turned the world economy upside down ► Global maritime trade is estimated to be close to 2019 levels and recovering in 2021. ► In 2020, after the effects of the Covid-19, maritime trade increased by 3.2% and reached around 12 billion tons. At the beginning of 2022, global maritime trade is expected to increase by 3.5% and reach approximately 12.4 billion tons. Expectation trends in China and the Omicron variant of the Covid-19 potential impacts perpetuate risks in global maritime trade (IMEAK, 2021) (Tok & Ece, 2022). STATE OF THE GLOBAL MARITIME SECTOR - POST COVID-19 36 © 2023, Xcellon Capital

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