Maersk Investor Presentation Deck

Revenue recognition Revenue is recognised based on the voyage days - Example of a container from Suzhou to Copenhagen Origin intermodal charge Recognised 100% in Q3 29 Origin Suzhou Shanghai Appendix Q3 2020 interim report 15 days Q3 revenue recognised = 15 days/56 days * Ocean freight revenue Q4 revenue recognised = 41 days/56 days * Ocean freight revenue Total journey from Shanghai to Aarhus 56 days Q3 ! Aarhus 41 days Destination Copenhagen Q4 Destination intermodal charge Recognised 100% in Q4 MAERSK

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