Maersk Investor Presentation Deck

Financial highlights Q2 2020 Strong improvements in profitability Profit/loss result bridge for Q2 2020, USDm 8 600 500 400 300 200 100 0 154 Profit Q2 2019 280 Ocean Q2 2020 interim report EBITDA effect 51 Logistics & Services 7 Terminals & Towage 10 Manufac- turing & Others -8 -125 129 Unallocated Depreciations, Disposals activities amortisations, & elimi- nations impairments -9 -62 JV's and Net associated financials companies expenses 16 Tax 443 Profit Q2 2020 Profitability improved 25%, mainly due to EBITDA increase in Ocean and Logistics & Services leading to an EBITDA margin of 18.9% (14.1%) and an EBIT margin of 8.3% (4.3%). Net financial expenses increased as lower borrowing costs were offset by a negative FX impact (USD 88m vs Q2 2019). Profit for Q2 2020 improved to USD 443m as a result of the improvements in profitability. Underlying result increased to USD 359m (USD 134m), adjusted for disposals and impairments. MAERSK

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