Maersk Investor Presentation Deck

Highlights Q4 2020 Ocean ● ● ● 13 The fourth quarter was impacted by volume growth driven by a rebound in demand, leading to disruptions in the supply chain and, as a consequence, significant higher short- term freight rates and lower reliability. Revenue grew 16% as volumes grew by 3.2%, while freight rates increased 18%, partly offset by a decline in other revenue. EBITDA improved 96% with a margin of 26.7% also driven by lower bunker cost, partly offset by higher operational cost. Maersk Spot sustained steady momentum, maintaining a 51% share of the Maersk brand short term volumes, despite the restriction of available capacity. Annual Report 2020 Development in EBITDA and EBITDA margin (%) 2,500 2,000 1,500 1,000 500 0 Revenue Q2 19 Q3 19 EBITDA EBITDA margin Gross capital expenditures || Q4 19 EBITDA Q2 20 EBITDA margin Q1 20 Q4 2020 (USDM) 8,257 2,208 26.7% 123 Q4 2019 (USDm) 7,148 1,125 15.7% 180 Q3 20 FY 2020 (USDM) 29,175 6,545 22.4% 653 Q4 20 30% 25% 20% 15% 10% 5% 0% FY 2019 (USDm) 28,782 4,436 15.4% 1,172 MAERSK

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