A.P. Møller-Mærsk A/S: Maersk Q3 2021 teleconference presentation

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Maersk Q3 2021 teleconference presentation

A.P. Møller - Mærsk A/S Q3 2021 Interim Results

Date: 2 November 021

Conference Call: 11:00 CET

Webcast: investor.maersk.com

Forward-lookingstatements

This presentation contains forward-looking statements. Such statements are subject to risks and uncertainties as various factors, many of which are beyond the control of A.P. Møller - Mærsk A/S (APMM), may cause actual developments and results to differ materially from the expectations contained in this presentation.

Comparative figures

Unless otherwise stated, all comparisons refer to y/y changes.

2

Q3 2021

Interim report Q3 2021

Key statements

3

Q3 2021

Key statements

Highlights for Q3 2021

The extraordinary market situation has contributed to another exceptional quarter

  • In Q3, customers' supply chains have been heavily disrupted as a result of the market situation. Securing our customers' end to end logistics needs is essential to our strategy and multiple steps have been taken to help customers alleviate disruptions.

Q3 2021, USD

Revenue EBITDA

16.6bn 6.9bn

(+68%) (+202%)

9M 2021, USD

Revenue EBITDA

43.3bn 16.0bn

(+52%) (+191%)

Expanding Ocean

Expanding gate capacity

Opening 61 new

capacity to all-time

in Terminals

warehouses during

high, while volumes

significantly and record

the first nine months

remain flat

utilisation at 78%

of 2021

  • The extraordinary market conditions in Ocean led to higher rates and cost and combined with solid execution of the strategy resulted in an exceptional performance in Q3, with EBITDA increasing to USD 6.9bn, reflecting a margin of 41.8%. Free cash flow increased to USD 5.3bn, driven by the significant increase in CFFO related to the surge in profit and low CAPEX for the quarter.
  • The guidance upgrade of September 16th is maintained, while current market conditions are expected to continue at least into the first quarter of 2022, resulting in an EBITDA for Q1 2022 in line with Q4 2021.

EBIT

Free cash flow* EBIT

Free cash flow*

5.9bn

5.3bn

13.0bn

10.9bn

(+355%)

(+257%)

(+403%)

(+266%)

ROIC, LTM

NIBD (USD)

34.5%

3.1bn

(5.9%)

(10.8bn)

*Free cash flow (FCF) comprises of cash flow from operating activities, purchase/sale of intangible assets and property, plant and equipment, dividends received, repayments of lease liabilities, financial payments and financial expenses paid on lease liabilities.

4Q3 2021

Key statements

On track to deliver on the roadmap for 2021-2025

Integrator strategy helping our customers through the current supply chain difficulties

  • Delivering strong value creation with a ROIC (LTM) of 34.5%
  • Continued focus on building long term relationships helps to fulfill customers' needs for reliable and differentiated transportation services while allowing Maersk to stabilize the Ocean business. In Q3 2021 Ocean EBIT was 40.8%, well above minimum target, executed within the existing fleet capacity target.
  • Growth in Logistics & Services has continued at a strong pace, with organic revenue growth of 33% and with improved profitability. Customers are increasingly demanding end-to-endsolutions to mitigate supply chain disruptions, validating the integrator strategy and resulting in top 200 Ocean customers contributing 64% of organic revenue growth.
  • Terminals continue to deliver progress towards the value creation target with a ROIC of 10% end of Q3 (LTM) through record high utilization, pushing automation, making integrator compatible investments while divesting non-performing assets.

Targets

Q3 2021

APMM:

Every year >7.5%

Return on invested capital (ROIC) - (LTM)

Average 2021-25 >12.0%

34.5%

Ocean:

EBIT margin - under normalised conditions

Above 6%

40.8%

Execute with the existing fleet size

4.1-4.3m TEU

4.2m

Logistics & Services:

Organic revenue growth

Above 10%

*) 33%

- hereof from top 200 Ocean customers

Min. 50%

*) 64%

EBIT margin

Above 6%

7.5%

Terminals:

Return on invested capital (ROIC) - (LTM)

Above 9%

10.0%

Mid-term targets were introduced at the CMD in May 2021 *) Based on figures for first 9 months of 2021.

Q3 2021

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Disclaimer

A.P. Møller-Mærsk A/S published this content on 02 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 November 2021 07:18:13 UTC.

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