Investor Presentaiton
4
A.P. Moller-Maersk Annual Report 2020
Directors' Report At a glance
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At a glance
A.P. Moller-Maersk is an integrated container logistics company, connecting and
simplifying trade to help customers grow and succeed. With a dedicated team of
over 80,000 employees, operating in 130 countries, we go all the way to enable
global trade for a growing world. A.P. Moller-Maersk comprises four business
segments with the consolidated key results presented below.
EBITDA (USD million)
5,712
4,998
$
Revenue (USD million)
↑39,7401
↑8,226
3,546
2,579
$
Net interest-bearing debt (USD million)
↓9,232
38,890 39,257
31,189
27,646
14,953 14,971
11,662
11,420
2020
2019
2018
2017
2016
2020
2019
2018
2017
2016
Revenue increased by USD 850m, despite lower volumes in Ocean and
gateway terminals due to the negative impacts from COVID-19.
Net interest-bearing debt decreased by USD 2.4bn, mainly driven by
increased free cash flow, partly offset by share buy-back, dividends
and acquisitions.
Free cash flow (USD million)
↑4,648
$
2,340
-295 -1,273
-696
2020
2019
2018
2017
2016
2020
2019
2018
2017
2016
EBITDA increased by USD 2.5bn, with improvements across all segments
and with Ocean improving the most by USD 2,1bn.
Free cash flow increased by USD 2.3bn, reflecting a continued capital
discipline and higher cash flow from operating activities, lower gross
CAPEX and a continued high cash conversion.
Note: 2018 presented as if IFRS 16 had been implemented in 2018, for comparison purposes. For 2016 and 2017, lease liabilities are not included in net interest-bearing debt.
Consequently, comparatives for EBITDA and net Interest-bearing debt for the period 2016-2017 are not comparable with the period 2018-2020.
Relative CO2 reduction' (percentage)
↑46.3
CO₂
44.9
42.1
39.6
40.0
2020
2019
2018
2017
2016
Relative CO2 efficiency improved 2.5% (year-over-year) compared to
2019 driven by both technical and operational improvement initiatives.
1 Percentage improvement in Energy Efficiency Operational Indicator (EEOI)
relative to 2008 baseline. A more exact calculation was implemented in 2020,
and comparison figures have been restated.View entire presentation