APMM Q3 2023 Financial Results

Third quarter 2023 Free cash flow at break-even, mainly impacted by lower cash conversion. Cash flow bridge for Q3 2023, USDM 1,385 1,400 1,200 1,000 800 600 400 200 0 -200 -400 -816 -819 337 151 -124 -785 -25 -2,566 -2,724 414 Repayment Net cash flow of/proceeds from borrowings, net Operational cash flow of USD 1.4bn (USD 9.4bn) decreased due to lower EBITDA of USD 1.9bn (USD 10.9bn). Gross CAPEX was slightly lower compared to Q3- 22 (USD 906m), mainly driven by Terminals and Ocean Free cash flow was USD -124m (USD 7.8bn) with a cash conversion of 74% The divestment of U.S. Marine Management Inc. was completed in Q3 2023 Net cash flow of USD -2.7bn reflecting inflows from divestments and bond issuance, outflows from share buybacks and placements of short-term deposits -2,800 -3,000 -3,200 Cash flow Capitalised from lease operations instalments Gross capex Financial Sale proceeds Free cash flow Acquisitions payments, net and dividends received Dividends net and share buy-backs Financial investments and others, net 13 APMM Q3 2023 Financial Results Note: Sum may differ due to rounding MAERSK

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