Maersk Investor Presentation Deck
Profitability accelerated driven by exceptional market conditions in Ocean and strong performance in Logistics & Services
• The COVID-19 pandemic continued to impact the global economies, with
rapid rebound in consumer goods leading to disrupted supply chains with
bottlenecks and equipment shortage, which significantly drove up the
short-term freight rates.
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Key statements
Highlights for Q4 2020
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6
Revenue grew by 16% to USD 11.3bn due to higher demand across the
businesses and EBITDA increased to USD 2.7bn reflecting a margin of
24.1%, with Ocean reporting record high earnings impacted by the
exceptional higher freight rates.
Logistics & Services grew revenue both organically and inorganically and
crossing a quarterly revenue of USD 2.0bn for the first time, while both
Logistics & Services and Terminals realised the highest quarterly EBITDA.
Free cash flow improved significantly to USD 1.7bn continuing the positive
quarterly development seen throughout the year, driven by the significant
increase in CFFO and lower CAPEX.
Annual Report 2020
Revenue
11.3bn
(16%)
CFFO
2.6bn
cash conversion 95%
ROIC underlying, LTM
9.6%
(+6.4 percentage points)
EBITDA
2.7bn
(+85%)
Free cash flow*
1.7bn
(+108%)
NIBD (USD)
9.2bn
(11.7bn)
* Free cash flow (FCF) comprises 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.
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