Zim Integrated Shipping Services Ltd. · NYSE:ZIM
Zim Integrated Shipping Services — Investor Presentation (December 2025)
25 slides from Zim Integrated Shipping Services's investor presentation, Dec 9, 2025
Slide 1: Investor Presentation
Investor Presentation December 2025
Slide 2: Disclaimer
Disclaimer Forward-Looking Statements The following information contains, or may be deemed to contain forward-looking statements (as defined in our expectation of modifications with respect to our and other shipping companies’ operating fleet and lines, the U.S. Private Securities Litigation Reform
Slide 3: TSR Outperformance and Robust Capital Returns Have Positioned ZIM for Strong Growth
TSR Outperformance and Robust Capital Returns Have Positioned ZIM for Strong Growth Industry • Industry-leading TSR of 300%+ since IPO, significantly outperforming peers and the S&P 5001 Outperformance with • Multi-year transformation has scaled the business, enhanced liquidity and improved ZIM’s ba
Slide 4: Disciplined Multi-Year Transformation Has Built a Strong and Competitive ZIM
Disciplined Multi-Year Transformation Has Built a Strong and Competitive ZIM… 2014–2017 2018-2020 2021-2025 2025 & Beyond Post-Restructuring Strategic Refocus on IPO, Breakout Performance Modern, Efficient, Scaled Stabilization Core Trades & Capital Return Platform • Limited cash and • Streamlined n
Slide 5: Dramatic Recent Improvements to Operational Scale and Risk Profile
…With Dramatic Recent Improvements to Operational Scale and Risk Profile Through Fleet Optimization and Balance Sheet Strengthening 2020 Today Fleet Size 70 +84% 129 1 (Chartered / Owned) (69 vs. 1) (113 vs. 16) LTM Revenue $3.5bn +119% $7.6bn TEU Carrying Capacity 330K +115% 709K Total Enterprise V
Slide 6: Operational Transformation Has Enabled Industry-Leading Shareholder Returns Since IPO
Operational Transformation Has Enabled Industry-Leading Shareholder Returns Since IPO TSRs Since 2021 ZIM IPO1 Key Highlights ✓ Executed a multi-year operational transformation 306% under leadership of a strong Board and management ✓ Modern, fuel efficient and cost competitive fleet ✓ Versatile capa
Slide 7: ZIM's Operational Strategy Has Achieved Strong Margins
ZIM’s Operational Strategy Has Achieved Strong Margins Cumulative EBIT Margin Since ZIM IPO1 Despite lacking the same economies of scale as its peers, strong commercial execution has driven leading EBIT margins 709K 2,412K 4,602K 30.4 % 30.3% 26.5% Q3 2025 EBIT Margin 14 .6% 6.2% 4 .2% (Ocean) Sourc
Slide 8: Focused Trade Strategy Drives Sustainable Competitive Advantage and Future Margin Strength
Focused Trade Strategy Drives Sustainable Competitive Advantage and Future Margin Strength Robust Independent Network Executing a Focused Network Strategy Complemented by MSC Partnership ✓ Optimize utilization by concentrating on trades where ZIM Network has meaningful share (Routes & Geographic Rea
Slide 9: Disciplined Capital Allocation to Drive Growth, Resilience, and Shareholder Returns
Disciplined Capital Allocation to Drive Growth, Resilience, and Shareholder Returns Returning capital to shareholders Capacity Equipment Innovation remains high priority Maintain competitive Renew container and Expand digital tools and fleet; secure LNG and reefer fleet to support invest in network
Slide 10: ZIM Has Delivered Exceptional Capital Returns — $5.7bn Since IPO
ZIM Has Delivered Exceptional Capital Returns — $5.7bn Since IPO (>3x IPO Price) • Disciplined dividend policy targeting up to 50% of annual net income • Returned $5.7bn in cumulative dividends ($47.54/share) since IPO1 • Consistent history of outsized dividends during periods of strong performance
Slide 11: ZIM's Fleet Quality Has Transformed Since IPO
ZIM’s Fleet Quality Has Transformed Since IPO, With the Addition of Newbuild Vessels and Core Assets Now Owned or on LT Charter… Dramatic Improvements to Fleet Size and Quality Recent Increases to Ownership and Charter Duration ZIM has added larger, more efficient tonnage, with 28 LNG-fueled vessels
Slide 12: Compared to Peers, ZIM Sources More Capacity From the Charter Market
…However, Compared to Peers, ZIM Sources More Capacity From the Charter Market, Which Results in Higher Leverage Greater Reliance on Charter Market than Peers… …Increases Leverage and Need for Reserved Cash % of Fleet Chartered (based on TEUs) Leverage (Values in $ Millions, as of 9/30/25) 2.5x 88%
Slide 13: Like Its Peers, ZIM Maintains a Strong Balance Sheet to Navigate Cyclicality
Like Its Peers, ZIM Maintains a Strong Balance Sheet to Navigate Cyclicality Cash / Total Enterprise Value1 Key Highlights 76% 61% • ZIM’s liquidity metrics remain broadly comparable to peers 31% • ZIM’s greater reliance on the charter market has increased its breakeven freight rate relative to peer
Slide 14: Update on the Board's Independent Review of Strategic Alternatives
Update on the Board’s Independent Review of Strategic Alternatives • Since IPO, the Board has regularly reviewed the Company’s strategic alternatives in light of evolving market conditions and sector dynamics, with a consistent focus on maximizing shareholder value • Several months ago, the Company
Slide 15: Independent Board Providing Capable Oversight of ZIM's Strategy And Its Strategic Review
Independent Board Providing Capable Oversight of ZIM’s Strategy And Its Strategic Review ZIM Board is Well-Qualified to Oversee Strategic Review 7/8 5/8 6/8 6/8 5/8 Are Independent With No Public Company Logistics / Asset Financial Directors Added Mgmt. Representation M&A Experience Heavy Industry E
Slide 16: A Highly Independent, Refreshed Board With Deep Industry, Financial, and M&A Expertise
A Highly Independent, Refreshed Board With Deep Industry, Financial, and M&A Expertise Yair Seroussi (C) Yair Avidan Nir Epstein Birger Meyer-Gloeckner Former Chairman, Former Supervisor of Banks, Former Executive Director Managing Director & CEO, Bank Hapoalim Bank of Israel & CEO, Prothya BioSolut
Slide 17: Best-in-Class Governance Framework Ensures Robust Oversight
Best-in-Class Governance Framework Ensures Robust Oversight Independent Board and Chair, with independent committees, no management representation, and full P separation of Chair and CEO roles P Annually elected directors with ongoing refreshment – five new independent directors since IPO P Independ
Slide 18: The Dissident Group's Nominees are Not the Right Fit For Our Board
The Dissident Group’s Nominees are Not the Right Fit For Our Board Dr. Keren Bar-Hava Academic background with no No apparent global industrial, shipping, logistics, or maritime operations experience industry or operational Academic background – no public C-suite or executive leadership experien
Slide 19: Nominees Are Representing a Dissident Group That Has Not Made a Case for Change
Nominees Are Representing a Dissident Group That Has Not Made a Case for Change Dissident Group did not meaningfully engage with ZIM on the issues they now raise and chose to O submit their nominations without prior discussion or warning Dissident Group’s campaign is based on a fundamental misunders
Slide 20: Supporting the Company's Slate Is Essential to Protect Value and Maintain Strategic Momentum
Supporting the Company’s Slate Is Essential to Protect Value and Maintain Strategic Momentum ✓ Industry Outperformance with Track Record of Value Creation ✓ Operating Strategy That Continues to Deliver Value for Shareholders ✓ Prudent Capital Allocation and Significant Capital Return + ✓ Strong Boar
Slide 21: Support ZIM – Protect Your Investment
Support ZIM – Protect Your Investment Vote For Directors: i. Yair Seroussi ii. Nir Epstein iii. Birger Johannes Meyer-Gloeckner iv. William (Bill) Shaul If shareholders have questions or need assistance v. Yoram Turbowicz in voting their shares for the Meeting, please contact the Company’s proxy sol
Slide 22: FAQ (1/4)
FAQ (1/4) Q: What is ZIM’s value creation strategy? • ZIM focuses on trade lanes where it can hold meaningful, defensible share and deliver superior service, supported by an agile fleet strategy that combines operational flexibility with increased long-term charter coverage • This approach gives ZIM
Slide 23: FAQ (2/4)
FAQ (2/4) Q: Why is ZIM’s Board conducting a strategic review? • Since IPO, the Board has regularly reviewed the Company’s strategic alternatives in light of evolving market conditions and sector dynamics, with a consistent focus on maximizing shareholder value • Several months ago, the Company rece
Slide 24: FAQ (3/4)
FAQ (3/4) Q: Will shareholders have the opportunity to approve any sale of the Company, if a deal is reached? • Yes. Any sale of the Company would require shareholder approval • In all cases, the State of Israel’s golden share also requires governmental consent for any change of control Q: Why is th
Slide 25: FAQ (4/4)
FAQ (4/4) Q: Why are the dissident nominees unqualified to serve on ZIM’s Board? • The dissident nominees’ qualifications do not align with the skills needed to oversee ZIM’s business and strategy • None of them have apparent experience in shipping, logistics, maritime operations, or large industria
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