Maersk Investor Presentation Deck

Key statements Strategic Transformation update Earnings growth and capex discipline lead to further improvements in CROIC and ROIC 6 The COVID-19 situation confirms that our integrator strategy is the right one and our role in the global supply chains is even more important in these challenging times. Earnings improvements combined with strong capital discipline led to a CROIC of 10.5% (7.0%), confirming the strategic initiatives taken to improve the free cash flow generation. Revenue in the Infrastructure and Logistics activities declined by 6.5% to USD 2.1bn due a combination of lower volumes related to COVID-19 and lower construction activity in gateway terminals. Profitability in Logistics & Services increased by 50% to USD 69m, excl. Damco Freight Forwarding, despite the weaker market demand due to the COVID-19 pandemic. With effect from 1 April the acquisition of Performance Team was completed and the company will from Q2 2020 contribute positively to the revenue and profitability. Q1 2020 interim report Cash return on invested capital - LTM Infrastructure and Logistics revenue¹, USDm Logistics & Services², EBITDA, USDm Long-term metric Return on invested capital (ROIC) - LTM Underlying Return on invested capital (ROIC) - LTM Q1 2020 10.5% 2,125 69 3.8% 3.8% Q1 2019 7.0% 2,272 46 0.6% 2.4% ¹ Infrastructure and Logistics revenue includes Gateway Terminals, Towage and Logistics & Services excludes Damco Freight Forwarding ² Logistics & Services EBITDA excludes Damco Freight Forwarding FY 2019 10.0% 9,201 221 3.1% 3.2% MAERSK

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