Maersk Investor Presentation Deck
Key statements
Financial highlights for 2019
Improved earnings and profitability across all segments and with a strong free cash flow
Revenue decreased slightly to USD 38.9bn.
EBITDA increased 14% to USD 5.7bn and margin improved 2%-points
to 14.7%, driven by higher margins in all segments.
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Ocean EBITDA improved by 15% with margin improved 2%-points to
15.3%, supported by capacity management and lower fuel cost.
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Logistics & Services grew gross profit by 8.7% to USD 1.2bn and
EBITDA margin by 0.9%-points to 4.0%.
Gateway terminals improved EBITDA by 17% and margins by 3.2%-
points to 28%.
Strong operating cash flow of USD 5.9bn with a cash conversion ratio
of 104% and free cash flow was USD 2.4bn after capitalised lease
payments and excluding sale of shares in Total S.A.
Proposing a dividend of DKK 150 per share for 2019, of which DKK 75
is related to the proceeds from the sale of shares in Total S.A.
• After completing the current share buy-back programme the Board of
Directors will evaluate the capital structure and outlook with the
intention to distribute additional cash to shareholders.
Annual Report 2019
Revenue (USD)
38.9bn
(0.9% decline)
CFFO* (USD)
5.9bn
(cash conversion 104%)
Return on invested capital
3.1%
(FY 2018: 0.2%)
*Before capitalised lease payments
EBITDA (USD)
5.7bn
(14% increase)
Free cash flow* (USD)
6.8bn
(USD 5.0bn after capitalised lease
payments)
NIBD (USD)
11.7bn
(NIBD USD 14.9bn end of 2018)
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