Maersk Results Presentation Deck

Maersk Group - Interim Report 03 2015 NOTE 3 FINANCIAL RISKS, ETC. AMOUNTS IN USD MILLION Except of the below, the financial risks, etc. are not significantly different from those described in note 18 of the consolidated financial statements for 2014, to which reference is made. Liquidity risk Borrowings Net interest-bearing debt Liquidity reserve¹ 30 September 31 December 2015 = Contents 12,188 7,941 Notes / Financials 10,700 2014 14,299 8,053 13,245 ¹ Liquidity reserve is defined as undrawn committed revolving facilities with more than one year to expiry, securities and cash and bank balances, excluding balances in countries with exchange control or other restrictions. 12,325 7,698 Based on the liquidity reserve, the size of the committed loan facilities, including loans for the financing of specific assets, the maturity of outstanding loans, and the current investment profile, the Group's financial resources are deemed satisfactory. The Group's long term objective is to maintain a conservative funding profile in line with its current BBB+/Baa1 rating level. In September 2015, the Group issued USD 1.0bn in five-year and ten-year bonds in the US market. 2014 11,562 The average term to maturity of loan facilities in the Group was about four years (about five years at 31 December 2014). NOTE 4 COMMITMENTS AMOUNTS IN USD MILLION Operating lease commitments At 30 September 2015, the net present value of operating lease commitments totalled USD 7.2bn using a discount rate of 6%, a decrease from USD 7.7bn at 31 December 2014, primarily due to payments in 2015. Operating lease commitments at 30 September 2015 is divided into the following business units: • Maersk Line of USD 3.3bn APM Terminals of USD 2.9bn • Maersk Tankers of USD 0.3bn • Other of USD 0.7bn About one third of the time charter payments in Maersk Line and Maersk Tankers are estimated to relate to operating costs for the assets. Capital commitments 30 SEPTEMBER 2015 Capital commitments relating to acquisition of non-current assets Commitments towards concession grantors ..…..... Total 31 DECEMBER 2014 Capital commitments relating to acquisition of non-current assets Commitments towards concession grantors Total Maersk Line 2,979 2,979 773 773 Maersk APM Oil Terminals 3,302 443 3,745 1,143 1,088 2,231 860 1,285 2,145 1,095 1,519 2,614 Maersk Drilling 483 483 1,132 1,132 Other 1,709 1 1,710 1,671 1 1,672 Total 9,333 1,729 11,062 5,814 2,608 8,422 ........ 36/40

View entire presentation