Maersk Investor Presentation Deck

Logistics & Services - highlights Q2 2020 Improved profitability and EBIT conversion ● ● ● ● 16 COVID-19 impacted volumes and revenue across all products. The gross profit (GP) margin improved by 4.3%-points to 23.0%, supported by continued margin optimisation in intermodal, Performance Team acquisition and air freight forwarding. EBITDA on LTM basis was USD 287m improving USD 100m compared to Q2 2019 supported by margin improvements and cost measures. The EBIT conversion improved to 11.6% (4.5%) with positive impact of SG&A cost savings. Focus on cost measures to mitigate the negative effects from COVID-19 and to improve overall competitiveness and profitability will be continued. Performance Team, contributing USD 41m to GP and USD 11m to EBITDA, negatively impacted by COVID-19, with the integration progressing well. Q2 2020 interim report USDm 1400 1200 1000 800 600 400 200 0 Q1 2019 Gross profit & EBIT-conversion ratio, LTM Q2 2019 IL&S GP LTM Q3 2019 Q4 2019 Q1 2020 Underlying EBIT conversion LTM Q2 2020 Note: EBIT conversion ratio = EBIT / Gross profit Underlying EBIT excludes impairments, restructurings costs, gains/losses on sales of assets and JV adjustments % 10% 9% 8% 7% 6% 5% 4% 3% 2% 1% 0% MAERSK

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