Maersk Investor Presentation Deck

Key statements Strategic Transformation update Progressing on the strategic transformation, CROIC improved significantly ● ● ● ● 6 New organisational structure to support and accelerate the strategy execution. Acquisition of Performance Team will expand the logistic service offering in the US within warehousing & distribution and SCM. Non-Ocean revenue increased 0.1% as the strong growth in gateway terminals was offset by decline in freight forwarding in Logistics & Services due to front-loading of volumes in Q4 2018. Gross profit for Logistics & Services grew by 8.7%, positively impacted by growth in intermodal, warehousing & distribution and the acquisition of Vandegrift. Hamburg Süd and Transport & Logistics contributing with accumulated synergies of USD 1.2bn by end 2019 outperforming the target by USD 0.2bn. Significant improvement in the cash return on invested capital from 2.8% in 2018 to 9.3% in 2019 (10.4% in Q4 2019). Annual Report 2019 Non-Ocean revenue growth Logistics & Services, gross profit growth Annual synergies by end of 2019 of USD 1.0bn Cash return on invested capital (CROIC) Long-term metric Return on invested capital after tax (ROIC) Q4 2019 -7.7% 14.0% USD 0.1bn 10.4% 1.7% Q4 2018 14.9% 4.1% USD 0.2bn 9.7% 1.4% FY 2019 0.1% 8.7% USD 1.2bn 9.3% 3.1% FY 2018 6.3% ¹ Non-Ocean is defined as Logistics & Services, Terminal & Towage and Manufacturing & Others, but excludes Maersk Oil Trading and tramp activities. Note: the growth is adjusted for the closure of the two factories in Maersk Container Industry (MCI). 7.9% USD 0.7bn 2.8% 0.2% MAERSK

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