Maersk Investor Presentation Deck

Key statements Strategic Transformation update FY 2020 Significant improvement in CROIC and ROIC, strong progress in Logistics & Services The acceleration of the strategic transformation and focus on cost management combined with the positive market conditions led to improvements across all the transformation metrics. ● 7 Strong improvements in profitability, continued high cash. conversion and strong capital discipline led to the significant increase in CROIC and ROIC to 16.6% and 9.6% respectively. Revenue in the Infrastructure and Logistics activities ¹ increased by 2.5% in 2020, despite negative impact from COVID-19, driven by organic growth and positive contribution from acquisitions in Logistics & Services. EBITDA in Logistics & Services² increased five fold in Q4 2020, supported by higher profitability in Intermodal and positive contribution from the integration of Performance Team and KGH, and a low base line with negative one-off's impacting in Q4 2019. Annual Report 2020 Cash return on invested capital - LTM Infrastructure and Logistics revenue ¹, USDm Logistics & Services², EBITDA, USDm Long-term metric Return on invested capital (ROIC) - LTM Underlying Return on invested capital (ROIC) - LTM Q4 2020 16.6% 10.0% 161 Q4 2019 9.4% 2,708 2,225 9,428 9.6% 33 3.1% FY 2020 3.2% 16.6% 470 9.4% 9.6% ¹ Infrastructure and Logistics revenue comprise of Terminals & Towage and Logistics & Services excluding Damco Freight Forwarding ² Logistics & Services EBITDA excludes Damco Freight Forwarding, and excludes restructuring costs of USD 40m in Q3 2020. FY 2019 10.0% 9,201 221 3.1% 3.2% MAERSK

View entire presentation