Investor Presentaiton

69 A.P. Moller-Maersk Annual Report 2020 Notes Financials Consolidated financial statements 103 Acquisition/sale of subsidiaries and activities Note 1 Note 11 Note 21 70 Segment information 84 Share capital and earnings per share Note 2 73 Operating costs Note 12 Note 22 85 Share-based payment Note 3 74 Gain on sale of non-current assets, etc., net 105 Related parties Note 13 Note 23 87 Borrowings and lease liability reconciliation 106 Significant accounting policies 110 Significant accounting estimates and judgements Note 4 Note 14 Note 24 74 Financial income and expenses 89 Pensions and similar obligations Note 5 75 Tax Note 15 92 Provisions Note 6 76 Intangible assets Note 16 93 Financial instruments and risks Note 7 Note 17 78 Property, plant and equipment 99 Financial instruments by category Note 8 80 Right-of-use assets Note 9 81 Deferred tax Note 10 82 Discontinued operations and assets held for sale or distribution Note 18 101 Commitments - continuing operations Note 19 102 Contingent liabilities Note 20 103 Cash flow specifications =1

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