Maersk Investor Presentation Deck
Financial highlights Q4 2020
Strong free cash flow allowing for debt repayments
Cash flow bridge for Q4 2020, USDm
3,000
2,500
2,000
1,500
1,000
12
500
0
2,569
Cash flow
from
operations
Annual Report 2020
-575
Capitalised
lease
instalments
-370
Capex
-175
Net financial
expenses, incl.
lease liabilities
217
1,666
Sale proceeds Free cash flow
and dividend
received
-1
Acquisitions,
net
-130
Dividends and
share buy-
backs
68
Financial
investments,
dividends to
minorities and
others, net
-1,582
20
Repayment/ Net cash flow
proceeds from
borrowings, net
and Others
Free cash flow was
USD 1.7bn (USD 0.8bn)
after net interests,
capitalised lease
payments and gross
capex. Cash conversion
was 95%.
Net interest-bearing
debt decreased by USD
1.6bn from Q3 2020
to USD 9.2bn and by
USD 2.5bn from Q4
2019 (USD 11.7bn).
Excluding lease
liabilities, net interest-
bearing debt equals
USD 0.5bn.
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