Maersk Investor Presentation Deck

Highlights Q2 2020 Terminals & Towage ● ● ● 17 Resilient performance with a 3.0% increase in EBITDA, despite of a 9.6% revenue decline. Gateway terminals reported a 10% lower revenue of USD 723m, while strong focus on cost measures resulted in an EBITDA-margin increase of 2.9%-points to 25.7% and an unchanged EBITDA of USD 186m (USD 184m). Reported revenue in Towage decreased by -6.4% to USD 160m, with an EBITDA increase to USD 51m (USD 46m) due to focus on cost measures and a negative one-off in Q2 2019. Q2 2020 interim report Development in EBITDA and EBITDA margin (%) 350 300 250 200 150 100 50 0 Q1 19 Revenue Q2 19 EBITDA EBITDA margin Gross capital expenditures Q3 19 EBITDA Q4 19 EBITDA margin Q2 2020 (USDM) 878 237 27.0% 112 F I Q1 20 Q2 2019 (USDM) 971 230 23.7% 86 Q2 20 H1 2020 (USDM) 1,789 513 28.7% 215 35% 30% 25% 20% 15% 10% 5% 0% H1 2019 (USDM) 1,975 499 25.3% 207 MAERSK

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