Investor Presentaiton
2
A.P. Moller-Maersk Annual Report 2020
Contents
Table of contents
3
Directors' Report
20
Our business
63 Financials
21
Business model
64
Consolidated financial statements 2020
22
Strategy
112
Parent company financial statements 2020
26
Customer interview
136
Statement of the Board of Directors and the Executive Board
28
Sustainability
137
Independent Auditor's Reports
32
Risk management
4.
At a glance
5
Highlights
6
Key activities in 2020
36
Performance
7
Message from the Chairman
37
Performance overview
and the CEO
38
Ocean
11
Financial review
42
Logistics & Services
13
Full-year guidance for 2021
44
Terminals & Towage
14
16
16
Five-year summary
48
Manufacturing & Others
Market update
MAEREELLINE
FROM OUR BUSINESS MODEL
For more than a century,
we have built partnerships
with customers, enabling
them to prosper by
facilitating global trade.
49
Governance
50
Corporate governance
141 Additional information
55
Board of Directors
142
Quarterly summary²
58
Executive Board
144
Company overview¹
59
Remuneration
147
Stock exchange announcements
60
Shareholder information
148
Definition of terms
149
External financial reporting for A.P. Moller - Maersk²
1 Part of Financials 2 Part of the Directors' Report
-
A.P. Moller Maersk's ambition
is to have net-zero CO₂ emissions
from ocean operations by 2050
The Annual Report for 2020 of A.P. Møller-Mærsk A/S (here-
inafter referred to as A.P. Moller - Maersk as the consolidated
group of companies and A.P. Møller-Mærsk A/S as the parent
company) has been prepared in accordance with the International
Financial Reporting Standards (IFRS) as adopted by the EU and
further requirements in the Danish Financial Statements Act.
Changes in presentation and comparative figures
From Q1 2020, as part of the refinement of
A.P. Moller-Maersk's segment structure to align with the
internal management structure and demarcation between
the reportable segment activities, a number of changes have
been made, see note 23 Significant accounting policies. Com-
parison figures have been restated.
Unless otherwise stated, all figures in parenthesis refer to the
corresponding figures for the same period prior year.
Forward-looking statements
The Annual Report contains forward-looking statements. Such
statements are subject to risks and uncertainties as various
factors, many of which are beyond A.P. Moller - Maersk's con-
trol, may cause the actual development and results to differ
materially from expectations contained in the Annual Report.
Cover photo
In Alaska, sisters Claire and
Emma (pictured) launched
a clothing brand, Salmon
Sisters, based on their
upbringing and work as
fishermen. Container ship-
ping helps bring their catch.
(and clothing) to customers
around the world and sus-
tain the unique lifestyle of
their remote community.View entire presentation