APMM FY & Q4 2023 Financial Results

Fourth quarter 2023 Ocean Development in EBIT (USDM) and EBIT margin (%) 10,000 8,000 6,000 4,000 - 50% 40% 30% 20% 10% 0% -10% -20% Q4 21 Q1 22 Q2 22 Q3 22 Q4 22 Q1 23 Q2 23 Q3 23 Q4 23 EBIT EBIT margin • Revenue decreased by 46% to USD 7.2bn, mainly due to 50% lower freight rates partially offset by a volume increase of 11%. Sequentially, freight rates declined 8.1% EBIT decreased by USD 5.7bn to negative USD 920m due to lower freight rates, partly offset by lower operating costs, notably for bunker costs (lower bunker price and consumption), as well as container handling costs and slot charter costs Q4 financial impact from Red Sea disruption minimal 2,000 0 -2,000 Revenue EBITDA 14 APMM FY & Q4 2023 Financial Results Q4 2023 (USDM) Q4 2022 (USDM) FY 2023 (USDM) FY 2022 (USDm) 7,180 13,299 33,653 64,299 196 6,034 6,940 33,770 EBITDA margin 2.7% 45.4% 20.6% 52.5% EBIT -920 4,817 2,227 29,149 EBIT margin -12.8% 36.2% 6.6% 45.3% Gross capital expenditures 692 427 1,987 2,620 MAERSK

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