Maersk Investor Presentation Deck

Financial highlights Q1 2020 CAPEX reduced significantly Capex excluding acquisitions and divestments, USDbn 4.5 4.0 3.5 3.0 2.5 2.0 1.5 1.0 0.5 0.0 10 2.1 2016 4.0 2017 Q1 2020 interim report 3.2 2018 2.0 2019 USD 3.0-4.0bn in total 1 2021 2020 guidance guidance 1.0 0.9 0.8 0.7 0.6 0.5 0.4 0.3 0.2 0.1 0.0 0.8 Q1 2019 0.4 Q2 2019 0.5 0.3 il 0.3 Q3 2019 Q4 2019 Q1 2020 CAPEX for Q1 2020 was USD 0.3bn down from USD 0.8bn in Q1 2019, driven by the strong capital discipline. For 2020 and 2021 the accumulated CAPEX guidance remains at USD 3.0-4.0bn, but initiatives have been taken to reduce capex for 2020. Total contractual capex commitments of USD 1.6bn end Q1 2020, down from USD 2.0bn end Q1 2019. MAERSK

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