Maersk Investor Presentation Deck

Highlights Q4 2020 Logistics & Services ● ● Revenue continued the positive momentum and increased 35% to a quarterly record level of USD 2.1bn. 17 Revenue was driven by supply chain management, airfreight forwarding, intermodal and positive contribution from the acquisitions of Performance Team and KGH. • Profitability increased significantly with 57% improvement in gross profit to USD 500m and EBITDA improved more than five times, from a low basis, reflecting a margin of 7.7%, driven by operational leverage from higher revenue and focus on increasing margins. Annual Report 2020 Development in gross profit and gross profit margin (%) 6 500 400 300 200 100 0 Q2 19 Q3 19 Revenue Gross profit EBITDA EBITDA margin Gross capital expenditures Q4 19 Gross profit Q2 20 Gross profit margin Q1 20 Q4 2020 (USDm) 2,061 500 158 7.7% 28 Q4 2019 (USDM) 1,529 318 31 2.0% Q3 20 Q4 20 FY 2020 (USDm) 6,963 1,635 454 6.5% 109 30% 25% 20% 15% 10% 5% 0% FY 2019 (USDM) 6,331 1,240 216 3.4% 126 MAERSK

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