Maersk Investor Presentation Deck
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Strong Ocean business and growing Logistics & Services
Further progress on implementing our integrator strategy with strong new
customer offerings and organisational measures.
Key statements
Highlights for Q3 2020
• The COVID-19 pandemic continued to negatively impact the global demand
in the third quarter, with revenue decreasing by 1.4% to USD 9.9bn with
organic volumes down across most segments.
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EBITDA increased to USD 2.4bn, before restructuring costs of USD 105m,
driven by higher profitability in all segments.
Free cash flow increased significantly driven by the significant increase in
EBITDA and continued capital discipline.
Full-year expectations for EBITDA is in the range of USD 8.0bn-8.5bn,
before restructuring and integration costs, as announced 17 November
(previously USD 7.5bn-8.0bn as announced 13 October).
A new share buy back programme of DKK 10bn (~USD 1.6bn) was
announced today with the first tranche to be initiated from 1 Dec. 2020.
Q3 2020 interim report
Q3 2020, USD
Revenue
9.9bn
(-1.4%)
EBITDA
2.3bn
(+39%)
CFFO
2.2bn
cash conversion (+57%)
95%
9M 2020, USD
Revenue
EBITDA
28.5bn 5.5bn
(-2.5%)
(+30%)
Free cash flow* CFFO
1.5bn
5.3bn
Free cash flow*
3.0bn
cash conversion (+94%)
95%
* 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.
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