Maersk Investor Presentation Deck

We continue to strengthen the capacity management Development in average nominal capacity and number of vessels TEU '000 5,000 4,500 4,000 44 3,500 3,000 2,500 2,000 # of vessels, end of period # of owned vessels # of chartered vessels 3,224 Q1 2017 639 284 355 Appendix FY 2019 3,311 646 Q2 2017 Q3 2017 Q4 2017 282 3,523 364 668 285 3,761 383 781 339 442 4,231 Q1 2018 776 298 478 4,154 Q2 2018 742 298 444 4,042 Q3 2018 723 298 425 4,038 Q4 2018 710 303 407 4,048 Q1 2019 713 305 408 4,110 Q2 2019 716 307 409 4,186 Q3 2019 703 307 396 4,181 Q4 2019 708 307 401 Ocean average nominal vessel capacity Ocean segment aims to continuously adjust capacity to match demand and optimise utilisation ● Average nominal vessel capacity in Q4 2019 increased by 3.5% y/y and decreased by 0.1% q/q to 4,181k TEU Prior to the implementation of IFRS 16, only operating leased vessels were included in the chartered container vessel section while finance leased vessels were presented together with owned to match the classification on the balance sheet. With IFRS 16, all leased vessels are generally recognised as a right-of-use asset on the balance sheet. All leased vessels are included in the table within the chartered container vessel section from Q1 2018 onwards. MAERSK

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