Hoegh Autoliners Asa · OSL:HAUTO
Hoegh Autoliners Asa — Hoegh Autoliner — Q1 2026 Earnings Presentation
24 slides from Hoegh Autoliners Asa's earnings presentation, May 8, 2026
Slide 1: Q1 2026 Quarterly Presentation
Q1 2026 Quarterly Presentation Quarterly presentation Q1 2024 08.05.2026 07.05.2026
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: Middle East conflict; disruptions to operations and energy markets
Middle East conflict; disruptions to operations and energy markets ▪ Successful exit out of Persian Gulf of Alliance Fairfax in early May – no vessels operating in PG and Conflict no remaining PG bound cargo in our network. response ▪ Disruption contained operationally, short-term repositioning to A
Slide 4: Proven fuel recovery through fuel surcharges
Proven fuel recovery through fuel surcharges Historical development in net bunker cost and BAF Highlights USDm 40 Net Δ Bunker Surchage Δ Q-o-Q Bunker cost Δ Q-o-Q ▪ Bunker Adjustment Factor (BAF) is a 20 contractual fuel surcharge mechanism 0 intended to compensate changes to fuel prices -20 ▪ Chan
Slide 5: Q1 2026 highlights
Q1 2026 highlights 145 103 92.6 USD million adj. EBITDA USD million net profit after tax USD/CBM gross rate Flat Q-o-Q Down 2% Q-o-Q Up 1% Q-o-Q 94 1 53 USD million dividend Aurora Class vessel delivered Equity ratio (%) To be paid in May Höegh Rainbow Down 2% Q-o-Q 5 Q1 2026 Presentation | Highligh
Slide 6: Agenda
Market & Commercial Update Capacity & Sustainability Update Agenda Financial Update Outlook & Q&A
Slide 7: Market & Commercial
ww HOEGH AUTOLINERS Market & Commercial Update
Slide 8: Chinese light vehicle exports further accelerated in Q1 2026
Chinese light vehicle exports further accelerated in Q1 2026 Highlights Far East vehicle exports BEV and Hybrids exports from China Million units Thousand units ▪ China drove Asian exports in Q1 2026, 3,97 Q1 2025 Q1 2025 supported by low-cost ICE and rapid Q1 2026 Q1 2026 EV/hybrid growth. Expansio
Slide 9: Diversified operations with growing volumes from China
Diversified operations with growing volumes from China HA global volume flow 2024 HA global Volume flow 2025 Highlights Load region Discharge region Load region Discharge region ▪ HA cargo base diversified both in load and discharge areas ▪ HA China flows seeing significant growth in 2025 ▪ Resilien
Slide 10: High & Heavy market: Resumed growth with increased uncertainty
High & Heavy market: Resumed growth with increased uncertainty Highlights ▪ Deep-sea shipments of core construction equipment from Asia grew 31% Y-o-Y in Q1 2026, driven by continued growth out of China at 39% in the same period, offsetting lower volume growth from Japan and Korea ▪ Global H&H sales
Slide 11: Strong contract backlog: Fully booked for 2026 and strong momentum for 2027 contracts
Strong contract backlog: Fully booked for 2026 and strong momentum for 2027 contracts Cargo and contract backlog 2026 Contracts lifting ▪ Contract share of volume shipped 82% in Q1 2026 down 2% Q-o-Q 11% 10% capacity 1% ▪ Average duration of contract backlog ~3.1 years 9% 80% ▪ New contracts amounti
Slide 12: Capacity & Sustainability
Capacity & Sustainability Update
Slide 13: Capacity tightness exceeding expectations
Capacity tightness exceeding expectations - use of short-term capacity continues in Q1 Highlights ▪ 1-year TC index has increased on tight capacity, currently ▪ at $55k/day, Time Charter+29% Q-o-Q Rates for Panamaxes (6,500 ceu) (1Y)fgfggfgggg ▪ 16x 7,000-9,100 CEU vessels have been delivered in Q1.
Slide 14: Fleet carbon intensity trend remains positive despite Q1 operational headwinds
Fleet carbon intensity trend remains positive despite Q1 operational headwinds Carbon intensity performance Key fleet transition milestones -5% 5.42 -8% 5.30 5.16 5.16 5.05 -2% 5.25 5.01 4.60 4.51 4.45 2023 Q1 2024 Q1 2025 Q1 2025 Q4 2026 Q1 CgDist CII target ▪ Long-term reductions in fleet carbon i
Slide 15: Financial
HOEGH AUTOLINERS Financial Update
Slide 16: Flat rate and volume development q-o-q despite ME disruption
Flat rate and volume development q-o-q despite ME disruption Volumes transported Net rate CBM million USD per CBM +12.1% -0.8% -1.8% 0.0% 3.9 4.0 3.9 3.9 80.4 81.6 80.3 79.0 78.9 3.5 2025 Q1 2025 Q2 2025 Q3 2025 Q4 2026 Q1 2025 Q1 2025 Q2 2025 Q3 2025 Q4 2026 Q1 16 Q1 2026 Presentation | Financial U
Slide 17: Flat EBITDA development Q-o-Q, no impact from increased fuel prices
Flat EBITDA development Q-o-Q, no impact from increased fuel prices ▪ Flat revenue development q-o-q, volume somewhat reduced from disrupted voyages to the ME ▪ No impact from increased fuel price in Q1 as March fuel already purchased ahead of ME conflict ▪ Strong demand from Asia in Q1 exceeding ou
Slide 18: Strong start to the year with stable performance
Not presented in webcast Strong start to the year with stable performance Adjusted EBITDA q-o-q USD million 145 1 145 5 2 2 1 3 ▪ Strong export out of Asia supports higher rates for longer ▪ January and the start of the year is normally a slow month, however not in 2026 ▪ Meaningful weather delays d
Slide 19: Robust balance sheet with healthy ratios and solid liquidity
Robust balance sheet with healthy ratios and solid liquidity ▪ Increase in net debt reflects the delivery of Aurora Class vessel #8 ▪ Equity ratio remains solid at 53% ▪ Healthy cash balance of USD 294 million accompanied by undrawn credit facility of USD 197 million Net interest-bearing debt Book v
Slide 20: Another quarter with solid cash generation
Another quarter with solid cash generation Cash balance Q-o-Q USD million 491 16 30 197 ▪ Net Capex1 related to drydock, 7 1 144 newbuilding and others were 99 299 294 approximately USD 16 million for the quarter, with the final delivery payment for Aurora Class vessel #8 ▪ Dividend of USD 99 millio
Slide 21: USD 94 million dividend to be paid in May
USD 94 million dividend to be paid in May Highlights Overview of dividend paid and declared L12M USD million 16 94 518 Consecutive quarterly dividends 99 30 1.73 158 137 USD billion total dividend1 Paid and declared 95 May-25 USD dividend/share Aug-25 Nov-25 Mar-26 May-26 Dividend L12M NOK dividend
Slide 22: Outlook
ww HOEGH AUTOLINERS Outlook
Slide 23: Outlook
Outlook • Demand for ocean transportation remains firm, supported by steady demand from Asia and China, Market outlook but with increasing geopolitical complexities • During Q2, the short-term timing impact from higher fuel prices is expected around USD 20m. The disruption impact of Middle East Serv
Slide 24: Thank you!
Thank you! www.hoeghautoliners.com 24 Q1 2026 Presentation