A. P. Moller – Maersk reports strong results for 2022

Cont’d. from Pg. 3

Ourcommitmenttoprovide visibility and truly integrated logisticssolutionscontinuetoresonatestronglywithour customers for whom it is a strategic imperative to make their supply chains more resilient and sustainable As we enter a year with challenging macro-outlook and new types of uncertainties for our customers, we are determined to speed up our business transformation and increase our operational excellence toseizetheuniqueopportunitiesinfrontofus.

Vincent Clerc, CEO of A.P. Moller - Maersk said, “In 2022, Ocean delivered the strongest result on record due to the high freight rates and strong demand, particularly in the first half of the year Ocean revenue was up 33%. Throughout the year, Ocean continued to deliver on the strategic transformation, maintaining a stable level of long-term contracts. Ocean continued to improve on delivery performance over the year as congestion eased and was able to maintain strong margins due to the contractual nature of its customer relationship.

In Logistics & Services, revenue increased by 47%, withanorganiccontributionof21%.Theorganicrevenue growth came primarily from top 200 customers as the business continues to develop integrated solutions to meet end to end supply chain needs Growth was particularly strong in warehousing where the footprint more than doubled to 7.1m sqm with the acquisition of LFLogisticsaloneadding198warehousesor3.1msqm.

In Terminals, EBIT adjusted for the Russia exit reached a record of USD 1.2bn, supported by solid volumes growth and high congestion related storage income. Based on a combination of tariff increases and efficiencies the impact of high global inflation has been mitigated.

Dividends

The Board of Directors proposes a dividend to the shareholders of DKK 4,300 per share of DKK 1,000 (DKK 2,500 per share of DKK 1,000 previous year) The proposed dividend payment represents a dividend yieldof27.5%(10.7%previousyear)basedontheMaersk B share’s closing price of DKK 15,620 as of 30 December 2022 and 37 5% of net underlying profit Payment is

HIGHLIGHTS

In 2022, A.P . Moller – Maersk (Maersk) delivered extraordinary financial performance in line with full-year guidance; Revenue increased by 32% to USD81.5bn,andEBITincreased57%toUSD30.9bn

Maersk has accelerated its business transformation, expanded the integrated logistics capabilities through acquired companies like Pilot, Senator and LF Logistics, and organically grown Logisticswithmorethan20%

Maersk has defined precise roadmaps to reach its commitment to decarbonize logistics across all transport modes. 70% of the top 200 customers have set carbon goals and supporting them in reaching thesegoalsiscoretoMaersk’sESGstrategy

While the slow-down of the global economy will lead to a softer market inparticularinOcean, Maersk will continue to pursue the growth opportunities withintheLogisticsandTerminalsbusinesses expectedtotakeplaceon31March2023aftertheAnnual GeneralMeeting.

In this context, Maersk gives 2023 full year EBIT guidanceofUSD2-5bn.

Guidancefor2023

Guidance for 2023 is based on the expectation that inventory correction will be complete by the end of the first half leading to a more balanced demand environment. 2023 global GDP growth is expected to be mutedandglobaloceancontainermarketgrowthtobein a range of -2.5% to +0.5%. A.P . Moller-Maersk expects to growin-linewiththemarket.

Based on these assumptions, for the full year 2023, A.P Moller-Maersk expects an underlying EBITDA of USD 8.0-11.0bn, an underlying EBIT of USD 2.0-5.0bn, and free cash flow (FCF) of at least USD 2 0bn The CAPEX guidance for 2022-2023 of USD 9.0-10.0bn is maintained For 2023-2024 the expectation for accumulated CAPEX is USD 10 0-11 0bn, led by investment in our integrator strategy, technology and decarbonisation Without impacting the financial guidanceandinconjunctionwiththerestructuringofour brands an impairment and restructuring charge of USD450misexpectedinQ1.

MSC Belgium launches Pioneering Technology: ID-Based Container Pick-up

GENEVA:MSCMediterraneanShippingCompanyisthe first shipping company in the world to launch ID-based containerpick-up,followingasuccessfultestphasewithVan Moer Logistics and MSC PSA European Terminal (MPET) in 2022. This technology allows MSC containers to be released for transport using ID and biometric data, rather thanaPINcode,improvingsecurityacrossthesupplychain.

ID-basedcontainerpick-up

The ID-based pick-up process is part of the ongoing rollout of Secure Container Release (SCR) at MPET, which allows MSC containers to be collected at the terminal by scanning the haulier’s Alfapass, biometric data and specific Truck Appointment Reference (TAR) code at the In-Gate, instead of using a PIN code. This combined approach makes thepick-upprocessmoresecureandefficient.

Technology experts T-Mining invested more than five years developing and testing the underlying blockchain technology,usedbySCR,whichMSChassuccessfullytested withpartnersVanMoerLogisticsandMPET

MSC was one of the first carriers to pilot T-Mining's SCR technology almost three years ago. The project is now enteringthefinalphaseofitsrollout,theobjectiveofwhichis to enable a 100% PIN-code-free, secure process for container release. MSC and MPET are currently the only companies to have reached this final stage, whichwillimprovesecurityacrossthesupplychain.

PreparingforSCR

From1June2023,takingoutacontaineratMPETwillno longer be possible with a PIN code. It will therefore be necessary for everyone involved in the supply chain to prepare accordingly and make it possible to transfer the releaseofacontainerviaSCR.

By transferring the container release rights directly, instead of downloading a PIN code, SCR is in line with current harbor police regulation in Antwerp and the ID-based pick-up technology is further future-proofed by integrating biometric information into the collection process.

Integrating this technology will increase security for employees and cargo across the supply chain More information on how to prepare is available here: www.securecontainerrelease.com/nopincodesplease.

For Export Loading

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