Maersk Investor Presentation Deck

Ocean highlights Q4 2020 Solid EBITDA progress in the quarter Quarter impacted significantly by higher freight rates, lower bunker price and increase in the operational cost 14 USDm 3,000 2,500 2,000 1,500 1,000 500 0 1,125 EBITDA Q4 2019 Annual Report 2020 124 Volume effect 1,127 Freight rates effect 173 Bunker price -127 Container handling cost, excl. volume effect -130 Network cost and bunker consumption 12 SG&A, net FX impacts and Others, incl. restructuring costs -96 Unrealised derivative losses on inventory hedges 2,208 EBITDA Q4 2020 MAERSK

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