APMM Q2 2023 Financial Results

Guidance Full-year 2023 financial guidance raised On the agenda for 2023 . The inventory correction observed since Q4 2022 appears to be prolonged and is now expected to last through year end Based on the prolonged destocking, APMM now sees global container volume growth in the range of -4% to -1% compared to -2.5% to +0.5% previously. APMM expects to grow in-line with the market ⚫ For the full-year 2023, A.P. Moller-Maersk raises its financial outlook and now expects underlying EBITDA of USD 9.5 - 11.0bn (previously USD 8.0 - 11.0bn), underlying EBIT of - USD 3.5 5.0bn (previously USD 2.0 - 5.0bn) and free cash flow (FCF) of at least USD 3.0bn (previously at least USD 2.0bn) APMM now expects CAPEX to be at the lower end of the previously communicated ranges of USD 9.0 - 10.0bn (for 2022-2023) and USD 10.0 - 11.0bn (for 2023-2024) Ocean III Logistics & Services • • • · 命 • • Terminals . • • APMM Earnings stabilisation Supply side risk in H2 given industry order book Continue focus on strong BCO relationships Focus on gaining share of customer logistics spend Re-gain momentum towards 6% EBIT margin in H2 Deepen integrator value proposition Lower global port congestion will affect revenues Maintain robust pricing power Focus on automation and best practices Lean in to the digital transformation Invest in technology, automation and decarbonization Accelerate the integrator strategy as a differentiator 9 APMM Q2 2023 Financial Results MAERSK

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