Maersk Investor Presentation Deck

Freight rates increased by 4.4% with volumes down by 3.6% 41 ● Loaded volumes decreased by 3.6% driven by lower backhaul volumes across most trades with total headhaul on par with Q3 2019. North-South volumes declined, mainly driven by lower volumes in Latin America, while East-West volumes were positively impacted by the recovery of export out of Asia with stronger headhaul volumes into North America, partly offsetting the overall drop for the trade. The average loaded freight rate increased by 4.4%, partly driven by short-term rate increases, but negatively impacted by the developments in fuel prices to the long- term contracts. Appendix Q3 2020 Loaded volumes ('000 FFE) East-West North-South Intra-regional Total Average freight rates (USD/FFE) East-West North-South Intra-regional Total Q3 2020 1,553 1,011 719 3,283 Q3 2020 1,995 2,382 1,227 1,909 Q3 2019 1,561 1,118 726 3,405 Q3 2019 1,746 2,318 1,314 1,828 Change -8 -107 -7 -122 Change 249 64 -87 81 Change % -0.5% -9.6% -1.0% -3.6% Change % 14.3% 2.8% -6.6% 4.4% FY 2019 6,194 4,268 2,834 13,296 FY 2019 1,760 2,347 1,366 1,853 MAERSK

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