Maersk Investor Presentation Deck

Financial highlights Q4 2020 Strong improvements in profitability driven by all segments Profit/loss result bridge for Q4 2020, USDm 1,400 1,200 1,000 800 11 600 400 200 0 -200 -61 Profit Q4 2019 1,083 Ocean Annual Report 2020 127 Logistics & Services EBITDA effect 60 Terminals & Towage -24 Manufac- turing & Others 2 -62 29 Unallocated Depreciations, Disposals activities amortisations, impairments & elimi- nations 37 -60 JV's and Net associated financials companies expenses 170 Tax 1,301 Profit Q4 2020 Profitability improved in all segments, but particularly in Ocean, reaching an EBITDA margin of 24.1% (15.1%) and an EBIT margin of 14.2% (3.5%). Operational profitability in Q4 includes cost related to a group wide staff bonus (USD 80m) and negative non-cash effects from oil inventory hedges of USD 96m had a negative impact on earnings in Q4. Net result for Q4 2020 improved to USD 1,301m as a result of the improvements in profitability, including reduced net tax payments. FY net result was USD 2.9bn and the proposed dividend of DKK 330 per share reflects a payout ratio of 35%. MAERSK

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