Maersk Investor Presentation Deck

Financial highlights Q4 2019 Continuous low organic CAPEX in the coming years Capex excluding acquisitions and divestments, USDbn 4.5 4.0 3.5 3.0 2.5 2.0 1.5 1.0 0.5 0.0 11 2.1 2016 4.0 2017 Annual Report 2019 3.2 2018 2.0 2019 USD 3.0-4.0bn in total 1 2021 2020 guidance guidance 1.0 0.9 0.8 0.7 0.6 0.5 0.4 0.3 0.2 0.1 0.0 0.7 Q4 2018 0.8 Q1 2019 0.4 0.3 Q2 2019 Q3 2019 0.5 Q4 2019 CAPEX for 2019 was in the low end of the guidance or around USD 2.2bn, at USD 2.0bn. For 2020 and 2021 the accumulated CAPEX guidance remains at USD 3.0-4.0bn. Total contractual capex commitments of USD 1.7bn end 2019, down from USD 2.4bn end 2018, of which USD 0.6bn is timed for 2020. MAERSK

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