Hoegh Autoliners Asa · OSL:HAUTO
Hoegh Autoliners Asa — Hoegh Autoliner — Q3 2025 Earnings Presentation
25 slides from Hoegh Autoliners Asa's earnings presentation, Oct 30, 2025
Slide 1: Q3 2025 Quarterly presentation
Q3 2025 Quarterly Presentation Quarterly presentation Q1 2024 30.10.2025 24.10.2024
Slide 2: Disclaimer
Disclaimer This presentation, which has been prepared by Höegh Autoliners ASA (the “Company”), includes forward-looking statements. Such statements are generally not historical in nature, and specifically include statements about the Company's plans, strategies, business prospects, changes and trend
Slide 3: Fast adaption and execution amidst fragmenting global trade
Fast adaption and execution amidst fragmenting global trade Key highlights Seeing continuing trends from Q2 ▪ Creating value through the cycle with strong backlog and ongoing focus on long on cargo strategy and overweight cargo ▪ Persisting market imbalances following strong volume growth and opport
Slide 4: Overarching geopolitics playing into car carrier space; port fees up 3x with nearly no lead-time
Overarching geopolitics playing into car carrier space; port fees up 3x with nearly no lead-time Latest on USTR port fees shows a large increase in related fees with little to no implementation time. In relation to Chinese retaliation fees, increasing tension around tariffs and IMO NZF, our industry
Slide 5: No change in dividend policy, adjusting calculation method
No change in dividend policy, adjusting calculation method resulting in a one-off impact to Q3 distribution Adjusting timing and calculation for reduced market visibility Proven track record of distributing dividends ▪ Calculation method revised to reflect cash generation above target Quarterly divi
Slide 6: The third quarter in figures
The third quarter in figures 155 132 92.3 USD million adj. EBITDA USD million net profit before tax USD/CBM gross rate Down 6% Q-o-Q Up 7% Q-o-Q Down 3% Q-o-Q 30 1 54 USD million dividend Delivery of purchased vessel Equity ratio (%) To be paid in November Höegh Copenhagen Flat Q-o-Q 6 Q3 2025 Prese
Slide 7: Agenda
Market & Commercial Update Capacity Update Agenda Sustainability Update Financial Update Outlook & Q&A
Slide 8: Shipments from Asia continue to expand despite U.S. tariffs
Shipments from Asia continue to expand despite U.S. tariffs Highlights ▪ Global estimated light vehicle sales remained resilient in Q3 2025 expanding 4% Y-o-Y to 22.3 million units. Latest 2025 sales forecast has been upgraded from 1.6% to 2.4% Y-o-Y growth ▪ Asia's global export expansion continued
Slide 9: Driven by China's relentless export growth
Driven by China’s relentless export growth Key highlights China monthly exports of cars & trucks Share of China exports on deepsea Units thousand Units million 700 ▪ Europe remains China’s largest export 71% 74% 76% 71% 650 68% market accounting for 28% of deepsea 62% 61% 600 exports so far in 2025
Slide 10: High & Heavy market likely to resume consistent growth from 2026
High & Heavy market likely to resume consistent growth from 2026 Highlights ▪ Global H&H sales in 2025 and 2026 are forecasted to be in line with average market level for 2017-2024 ▪ U.S. equipment sales are expected slowed in 2025 despite strong government support for domestic construction. Import
Slide 11: Contract backlog "fully booked" in 2026
Contract backlog "fully booked" in 2026 Cargo and contract backlog 2025 Contracts lifting 12% capacity ▪ Signed 15-year renewal of significant contract in key trade 12% 4% lane during September, value above USD 100 million 5% 80% ▪ Contract share of volume transported up remains at around 10% 6% con
Slide 12: Capacity Update
ww HOEGH AUTOLINERS Capacity Update
Slide 13: Opportunistic approach to the charter-market with use of additional short-term capacity in Q3
Opportunistic approach to the charter-market with use of additional short-term capacity in Q3 Highlights ▪ 22x 7,000-9,500 CEU vessels were delivered during the quarter▪ Time Charter Rates (1Y) ▪ The orderbook consists of 158 vessels with delivery up to 2030, equivalent to approx. 25.5% of the exist
Slide 14: Sustainability Update
Sustainability Update
Slide 15: Continued renewal and fleet optimization alongside energy efficiency measures reducing carbon intensity by 13% YoY
Continued renewal and fleet optimization alongside energy efficiency measures reducing carbon intensity by 13% YoY Carbon intensity improvement Energy efficiency measures and biofuel -13% -3% 5.30 5.19 5.19 1 vessel w/Technical upgrades installed during Q3 2025 5.00 4.48 4.36 3,000mt Sustainable bio
Slide 16: HA carbon intensity roadmap: Ammonia frontrunner on track for first fuelling in July 2027
HA carbon intensity roadmap: Ammonia frontrunner on track for first fuelling in July 2027 Since 2008, we have improved our carbon intensity by ~40% Looking forward: Our path to zero by 2040 • 6x Horizon class vessels • Digital trim optimization • Optimized bulbs • Aux, Main engine optimization • Pro
Slide 17: Financial Update
HOEGH AUTOLINERS Financial Update
Slide 18: Meaningful volume growth Y-o-Y driven by strong contract demand in Asia. Stable net rate in 2025
Meaningful volume growth Y-o-Y driven by strong contract demand in Asia. Stable net rate in 2025. Volumes transported (CBM mill) Net rate (USD per CBM) +16.7% +4.0% -7.4% -1.6% 3.9 4.0 86.7 86.7 80.4 81.6 80.3 3.4 3.5 3.5 2024 Q3 2024 Q4 2025 Q1 2025 Q2 2025 Q3 2024 Q3 2024 Q4 2025 Q1 2025 Q2 2025 Q
Slide 19: Q3 EBITDA of $155m, modest reduction in margin reflecting reduced network efficiency and added short-term capacity
Q3 EBITDA of $155m, modest reduction in margin reflecting reduced network efficiency and added short-term capacity ▪ Revenues growing throughout 2025 on strong volume from Asia ▪ EBITDA relatively stable throughout 2025, short-term impacted by trade mix and charter cost ▪ Net profit up 7% Q-o-Q with
Slide 20: Trade imbalance and short-term charter exposure remains evident, adding cost pressure
Trade imbalance and short-term charter exposure remains evident, adding cost pressure Adjusted EBITDA Q-o-Q USD million ▪ Modest rate reduction from changes 21 166 to trade- and cargo mix 38 6 15 12 2 155 0 6 155 10 0 ▪ Market remains resilient, "more cargo than we can carry" from Asia ▪ However, re
Slide 21: Robust balance sheet with healthy ratios and solid liquidity
Robust balance sheet with healthy ratios and solid liquidity ▪ NIBD/EBITDA stable at 1x ▪ Equity ratio remains solid at 54% ▪ Healthy cash balance of USD 230 million accompanied by undrawn credit facility of USD 187 million Net interest-bearing debt Book value equity Cash balance USD million 694 USD
Slide 22: Another quarter with strong cash generation
Another quarter with strong cash generation Cash balance Q-o-Q USD million ▪ Sale of Höegh Beijing concluded in September. Net 417 proceed from sale USD 46 31 42 million 43 42 2 27 ▪ Purchase of Höegh 187 173 137 Copenhagen for USD 36.5 230 million fully financed by debt 204 drawdown ▪ Total cash an
Slide 23: Outlook
ww HOEGH AUTOLINERS Outlook
Slide 24: Outlook
Outlook ▪ Tariffs may over time result in lower volumes transported. ▪ Significant changes to new U.S. port fees were announced 10 October with implementation from 14 Tariffs & port fees October. The yearly impact is estimated to ~USD 60-70 million, the Company is working diligently to mitigate the
Slide 25: Thank you!
Thank you! www.hoeghautoliners.com