Investor Presentaiton
15
A.P. Moller-Maersk Annual Report 2020
Directors' Report
Five-year summary
Five-year summary 2/2
Financial ratios²
2020
2019
2018'
20175
20165
Revenue growth
2.2%
-0.9%
25.9%
12.8%
-10.1%
EBITDA margin
20.7%
14.7%
12.7%
11.4%
Cash conversion
95%
104%
89%
88%
Return on invested capital after tax - continuing operations (ROIC)
9.4%
3.1%
0.2%
0.6%³
Return on equity after tax
Equity ratio
9.7%
-0.1%
9.3%
-3.6%
55.0%
52.1%
53.0%
49.7%
9.3%
65%
-3.4%
-5.8%
52.5%
Stock market ratios
Earnings per share - continuing operations, USD
145
23
-37
-11
-25
Diluted earnings per share - continuing operations, USD
145
23
-37
-11
-25
Cash flow from operating activities per share, USD
399
288
214
150
61
Ordinary dividend per share, DKK
330
150
150
150
150
Ordinary dividend per share, USD
55
22
23
24
21
Share price (B share), end of year, DKK
13,595
9,608
8,184
10,840
Share price (B share), end of year, USD
2,246
1,439
1,255
Total market capitalisation, end of year, USD million
41,957
28,000
25,256
1,746
35,419
11,270
1,597
32,215
Environmental and social data
Relative CO2 reduction (percentage vs 2008 baseline)4
Fatalities
46.3%
44.9%
42.1%
39.6%
40%
1
5
7
7
Lost-time injury frequency (LTI)
1.27
1.16
1.29
0.89
2
N/A
Women in leadership (% based on headcount)
28%
27%
25%
23%
N/A
Amounts in USD million
=
1 Following the classification of Maersk Oil, Maersk
Tankers, Maersk Drilling and Maersk Supply Service as
discontinued operations in 2017, the businesses are pre-
sented separately on an aggregated level in the income
statement, balance sheet and cash flow statements. In
accordance with IFRS, the income statement and cash
flow statement have both been restated in previous
periods, while the balance sheet has not been restated
in previous periods. The Maersk Tankers transaction
was closed 10 October 2017, the Maersk Oil transaction
8 March 2018 and Maersk Drilling was demerged on
2 April 2019. 2018 is presented as if IFRS 16 had been
implemented in 2018.
2 Underlying profit/loss is profit/loss for the period from
continuing operations adjusted for net gains/losses from
sale of non-current assets, etc. and net impairment losses
as well as transaction, restructuring and integration
costs related to acquisitions/divestments. The adjust-
ments are net of tax and include A.P. Moller-Maersk's
share of mentioned items in associated companies and
joint ventures.
3 Excluding Hamburg Süd for comparison purposes end
of December 2017.
4 Relative CO2 reduction is measured using EEOI (Energy
Efficiency Operational Indicator) as defined by IMO in
MEPC.1/Circ.684 and calculated as g CO2/(tonne x NM).
In 2020, improvement of the underlying methodology
resulted in a more exact calculation of historical per-
formance. Data for previous years are restated to align
with the updated methodology.
5 2016 and 2017 are presented without impact of IFRS 16.View entire presentation