Investor Presentaiton

48 A.P. Moller-Maersk Annual Report 2020 Directors' Report Performance 2020 Manufacturing & Others =1 Manufacturing & Others 2020 2019 Revenue USD 1,254m USD 1,376m EBITDA USD 165m USD 136m Financial and operational performance Revenue was USD 1.3bn (USD 1.4bn) with an EBITDA of USD 165m (USD 136m). Maersk Container Industry experienced the stron- gest financial year of its core marine reefer busi- ness. Revenue remained stable at USD 587m (USD 586m) with the majority of revenue related to third-party customers. Higher Star Cool Unit (SCU) sales offset lost production of the Star Cool Inte- grated (SCI) product, when the company's factory in Qingdao, China was forced to close for a portion of Q1 due to COVID-19. Additionally, the company achieved its highest ever third-party unit bookings. EBITDA increased to USD 77m (USD 29m), due to disciplined cost control and 2019 was negatively impacted by restructuring costs. Maersk Supply Service reported a 17% decrease in revenue to USD 252m (USD 306m), and an EBITDA of USD 21m (USD 28m), reflecting lower activity offset by cost reductions. Cash flow used for cap- ital expenditure was USD 17m (USD 188m), due to zero (two) payments of new buildings. Maersk Supply Service was awarded several contracts in the North Sea and Africa for its inte- grated solution service, demonstrating the syner- gies gained from combining the role of the vessel owner with project contractor. For Others, revenue was USD 415m (USD 484m), and EBITDA was USD 66m (USD 80m). CAPEX USD 33m USD 204m Maersk Container Industry is a manufacturer of reefer containers at the factory in China. Maersk Supply Service provides marine services and integrated solutions to the energy sector worldwide with a large fleet of anchor handling tug supply vessels and sub- sea support vessels. Others consists of Maersk Training, a provider of training services to the maritime, oil and gas, offshore wind and crane industries, tanker activity acquired as part of the Hamburg Süd acquisition and other shipping related businesses. Manufacturing & Others highlights USD million 2020 2019 Revenue 1,254 Profit/loss before depreciation, amortisation and impairment losses, etc. (EBITDA) EBITDA margin 165 1,376 136 13.2% 9.9% Gross capital expenditure, excl. acquisitions and divestments (CAPEX) 33 204

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