APMM Q2 2023 Financial Results

Ocean highlights Q2 2023 Average rates continue to normalise • Average freight rates decreased y/y by 51.0%, driven by lower contract and shipment rates. Q- o-Q rates declined by 14.9% Ocean KPIs Q2 2023 Q1 2023 Q/Q change Y/Y Q2 2022 change Average freight rate (USD/FFE) 2,444 2,871 -14.9% 4,983 -51.0% Average operated fleet capacity was 3.4% lower than in Q2 22 Operated capacity ('000 TEU) 4,136 4,217 -1.9% 4,282 -3.4% • Continued lower demand driven by prolonged destocking led to a decline of 6.1% in loaded volumes to 2,906k FFE Loaded volumes ('000 FFE) 2,906 2,724 6.7% 3,095 -6.1% . Based on H1 volumes, our share of Ocean contract volumes for the full year is now anticipated to be 68% Contract share definition 2021 2022 2023e Contracts 65% 68% 68% At the end of Q2 2023, 1.5m FFES were signed on multi-year contracts Total volume split* Shipments 35% 32% 32% 15 APMM Q2 2023 Financial Results *) According to new definition since Q1 2023 MAERSK

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