Maersk Investor Presentation Deck

Key statements Financial metrics reflect focus on higher returns 5 USDm 2000 1700 1400 1100 3% Percent 6% 0% 0 -3% Q1 16 Q3 16 Q1 17 Q3 17 Q1 18 Q3 18 Q1 19 Q1 16 ........... ITU Q3 16 EBITDA Q1 17 Q2 2020 interim report ROIC (LTM) Q3 19 LTM Q3 17 Q1 18 Q3 18 Q1 19 Q1 20 Q3 19 USDm 7000 6000 5000 4000 3000 2000 1000 ....|| 0 Q1 20 USDm 1,500 1,000 500 0 -500 -1,000 -1,500 Percent 15% 12% 9% 6% 3% 0% Q1 16 -3% Q1 16 Q3 16 Q1 17 Q3 17 Q3 16 Free cash flow* Q1 17 Q3 17 platil Q1 18 CROIC (LTM) Q3 18. Q1 19 Q1 18 Q3 18 Note: 2016-2017 IFRS16 adjustments have been simulated based on 2018 and is for reference purposes only. The 2016-2017 adjustment is not audited. LTM = last twelve months. * 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. Q3 19 LTM Q1 19 Q3 19 Q1 20 Q1 20 USDm 3750 2500 1250 0 -1250 -2500 -3750 MAERSK

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