Maersk Investor Presentation Deck

● ● ● Key statements Highlights for Q2 2020 Continued improvement in profitability and solid free cash flow In the adverse environment from the worldwide impact of COVID-19, our focus remained on the health and well-being of our employees and supporting our customers' supply-chain and businesses with end-to-end logistics solutions, as trade-flows of container improved throughout the quarter. 4 Revenue decreased by 6.5% to USD 9.0bn with volumes decreasing approx. 15% due to negative demand impact from COVID-19, while EBITDA increased 25% and the margin improved 4.8 percentage points to 18.9% driven by cost measures across segments and agile capacity deployment in Ocean. Operating cash flow increased to USD 1.9bn and focus on capital discipline led to more than a doubling in free cash flow* to USD 1.1bn. Reinstating full-year guidance for 2020 with expected EBITDA between USD 6.0bn-7.0bn compared to the initial full-year guidance of an EBITDA around USD 5.5bn. However, significant uncertainties remain on demand growth due to COVID-19, global supply growth and bunker prices. Q2 2020 interim report Revenue 9.0bn (-6.5%) CFFO 1.9bn Q2 2020, USD cash conversion 110% EBITDA 1.7bn (+25%) H1 2020, USD Revenue 18.6bn (-3.1%) Free cash flow* CFFO 1.1bn 3.1bn cash conversion 96% EBITDA 3.2bn (+24%) Free cash flow* 1.5n * Free cash flow (FCF) comprise of cash flow from operating activities, purchase/ sale of intangible assets and property, plant and equipment, dividends received, repayments of lease liabilities, financial payments and financial expenses paid on lease liabilities. MAERSK

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