Maersk Investor Presentation Deck

Ocean highlights Q3 2020 Solid EBITDA progress in the quarter Volume decline offset by agile capacity adjustments, strong freight rates and lower bunker price 11 USDm 2,000 1,800 1,600 1,400 1,200 1,000 800 600 400 200 0 1,294 EBITDA Q3 2019 Q3 2020 interim report -155 Volume effect 284 Freight rates effect 312 Bunker price 90 Container handling cost, excl. volume effect 98 Network cost and bunker consumption -126 SG&A, net FX impacts and Others, incl. restructuring costs 8 Unrealised derivative losses on inventory hedges 1,805 EBITDA Q3 2020 MAERSK

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