Maersk Investor Presentation Deck
Financial highlights 2020
Net interest bearing debt decreased further with net debt mostly
composed of capitalised leases
Development in net interest-bearing debt
USDbn
12
11
10
9
8
7
6
LO
5
4
3
30
T
T
11.7
NIBD Q4
2019
8.2
EBITDA
0.2
Change in
working
capital
1.2
Financial
items and
tax paid
1.3
Gross capex
0.6
0.5
1.3
Sales Acquisitions
proceeds
and
dividends
received
1) Defined as cash and securities, and undrawn committed facilities longer than 12 months less restricted cash and securities.
Share
buybacks
1.9
Net new
capitalised
leases
9.2
NIBD Q4
2020
8.6
Capitalised
leases Q4
2019
1.9
1.7
Lease
Net new
captialised repayments
leases
8.7
Capitalised
leases Q4
2020
Liquidity reserve¹ of
USD 11.0bn by end
Q4 2020.
Investment grade
credit rating of BBB
(positive) from S&P
and Baa3 (positive)
from Moody's.
USD 8.8bn of net
debt is composed of
capitalized leases
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