APMM FY & Q4 2023 Financial Results

Financial highlights Q4 2023 Negative FCF of USD 1.7bn mainly due to lower operational cash flow - capex for the full year in line with guidance Cash flow bridge for Q4 2023, USDM 166 200 -763 -600 -800 -1,000 -1,200 -1,251 -1,400 -1,600 -1,800 159 167 -1,714 -796 -2,000 -2,200 -2,400 Cash flow Capitalised Gross capex from operations lease instalments Financial Sale proceeds Free cash flow Acquisitions, payments, net and dividends net received Dividends and share buy-backs 13 APMM FY & Q4 2023 Financial Results 1,475 Financial investments and others, net 33 -843 Repayment Net cash flow of/proceeds from borrowings, net Operational cash flow of USD 166m (USD 8.2bn) impacted by lower EBITDA of USD 839m (USD 6.5bn) and negative net working capital of USD -513m (USD +1.7bn). Gross CAPEX of USD 1.3bn (USD 895m), mainly driven by Ocean and Terminals investments Free cash flow was USD -1.7bn (USD 6.5bn) with a cash conversion of 20% Sale of Höegh Autoliners shares completed in Q4 23, amounting to USD 168m Share buyback of USD 771m in Q4 23 offset by 1.5bn (USD 4.0bn) received from financial investment, translating into a net cash flow of USD -843m (USD 1.8bn) MAERSK

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