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Investor Presentaiton

46 A.P. Moller-Maersk Annual Report 2020 Directors' Report Performance 2020 Terminals & Towage =1 Decarbonising energy supply Port terminals contribute to decarbonisation APM Terminals consumes 73% of the electricity used by A.P. Moller - Maersk. To sustain leadership on decarbonisation and to match customer needs and stake- holder demands, A.P. Moller - Maersk is working to identify ways in which emissions across all scopes - directly from operations, emissions related to the purchase of energy, and emissions in the value chain - can be tackled as part of the company's decarbonisa- tion efforts. Decarbonisation of port terminals will be one of the elements contributing to achieve this goal. In January 2020, the Green Gate- way Gothenburg was launched as a showcase for decarbonisation of existing terminals. Switching to renewable electricity to power the cranes and offices, biogas for heating, and using biodiesel made from recy- cled waste vegetable oils in mobile equipment, the Gothenburg terminal reduced its CO₂ emissions by 88%. Ways to eliminate the last 12% of emissions are being pursued with ter- minal customers to provide a fully CO₂ neutral container handling service. Other paths to decarbonisation of the energy supply for ports are being tested as well, with solar projects in Pipavav, India, and Aqaba, Jordan, grid optimisation trial projects in two fur- ther sites, and further switches to renewable electricity in the European and US terminals in 2021. Regional EBITDA margin, Terminals' Percentage 2020 2019 North America 24 Latin America 42 20 34 Europe, Russia and the Baltics 28 28 Asia 31 19 Africa and Middle East Total 33 45 31 28 1 Financially consolidated. more than compensated for the lower utilisa- tion. In Asia, the EBITDA margin increased by 11 percentage points mainly due to Pipavav con- solidation. In Latin America, the EBITDA margin increased by 8.6 percentage points, due to risks not materialising, and ramp-up in Moin, Costa Rica, followed by North America, where the EBITDA margin increased by 3.6 percentage points. In Europe, the EBITDA margin increased by 0.6 per- centage points, mainly due to ramp-up of Vado. The EBITDA margin decreased in Africa and Middle East by 12 percentage points partly due to opera- tional challenges in Apapa. Results from joint ventures and associated companies The equity-weighted EBITDA increased to USD 1.4bn (USD 1.3bn), mainly driven by ramp-up of Tema, Ghana, and increased EBITDA from consoli- dated terminals, offset by exit from Douala. The share of profit in joint ventures and associ- ated companies of USD 216m (USD 185m) was pos- itively impacted by ramp-up of Tema and foreign exchange rate gain. Cash contribution from joint ventures and associated companies through divi- dends was USD 120m (USD 188m). ← MAERSK LINE ИМЕНОК ПИЕ APM Terminals Gothenburg switched to renewable energy in 2020. Terminals Number of terminals 2020 2019 One terminal under implementation in North America 5 5 Abidjan, Ivory Coast, Latin America 11 11 opening in 2022. Europe, Russia and the Baltics 18 18 Asia 17 17 Africa and Middle East 15 16 Total 66 67
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