Maersk Investor Presentation Deck

Highlights Q2 2020 Ocean ● ● ● 10 Revenue decreased 8.7% compared to Q2 2019, with volumes declining 16% due to COVID-19; progressively improving over the quarter. EBITDA improved 26% with a margin of 20.7% driven by focus on active and agile capacity deployment, lower bunker cost and higher freight rates. Maersk Spot gained further traction in the quarter increasing the share of loaded short term volumes from 25% in Q1 to 41% in Q2 2020. Q2 2020 interim report Development in EBITDA and EBITDA margin (%) 1,600 1,400 1,200 1,000 800 600 400 200 0 Revenue nt_l Q3 19 Q4 19 EBITDA margin Q1 19 Q2 19 EBITDA EBITDA margin Gross capital expenditures EBITDA Q2 2020 (USDM) 6,570 1,357 20.7% 208 Q2 2019 (USDM) 7,196 1,077 15.0% 314 Q1 20 Q2 20 H1 2020 (USDm) 13,800 2,532 18.3% 383 25% 20% 15% 10% 5% 0% H1 2019 (USDM) 14,211 2,017 14.2% 783 MAERSK

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