DSV Financial Performance

Earnings per share • Flexible and scalable business model Performance driven organisation . Strong M&A track record • 16% CAGR in a non-inflated market environment from 2010-2020 Graph illustrates diluted adjusted earnings per share of DKK 1 16% CAGR* 2010-2020 50.9 81.4 26.5 22.1 22.1 18.4 12.9 13.4 7.8 9.5 10.1 10.5 6.2 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 *Average annual growth (CAGR) including M&A 36

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