Mpc Container Ships Asa · OSL:MPCC
Mpc Container Ships Asa — Q1 2026 Earnings Presentation
30 slides from Mpc Container Ships Asa's earnings presentation, May 27, 2026
Slide 1: Q1 2026 Earnings Call
May 27, 2026 Q1 2026 EARNINGS CALL Constantin Baack, CEO Moritz Fuhrmann, Co-CEO and CFO
Slide 2: Agenda
AGENDA 01 HIGHLIGHTS 02 MARKET UPDATE 03 COMPANY OUTLOOK MPC Container Ships | Q1 2026 Earnings Presentation | 2
Slide 3: Highlights: Executive Summary
HIGHLIGHTS EXECUTIVE SUMMARY HIGHLIGHTS: » Forward fixing activity continues and extends visibility with a current backlog of USD 118.9m 99% of open days covered in 2026, 69% in 2027 and 41% in 2028 Q1 2026 OPERATING REVENUES » Quarterly dividend of USD 0.04 per share, corresponds to 50% of adjusted
Slide 4: Financial and Operational Performance
FINANCIAL AND OPERATIONAL PERFORMANCE PROFIT OR LOSS FINANCIAL KPIs Q1 2026 Q4 2025 Q1 2025 Q1 2026 Q4 2025 Q1 2025 Gross Revenues USD m 118.9 127.0 127.1 Adj. EPS USD 0.09 0.10 0.13 Adj. EBITDA USD m 67.1 76.0 66.2 DPS USD 0.04 0.05 0.08 Adj. Net Profit USD m 39.9 45.9 48.2 Op. Cash Flow USD m 69.5
Slide 5: Update on Chartering and S&P Activity
HIGHLIGHTS UPDATE ON CHARTERING AND S&P ACTIVITY RECENT FIXTURES 1 STATUS OF VESSELS SOLD FIXTURE TO COUNT CHARTER RATE PERIOD GROSS PRICE HANDOVER # VESSEL TEU # DATE VESSEL TEU BUILT DATE FROM (USD /D) (MONTHS) (USD) STATUS 1 Q1 26 Q2 26 AS Carlotta 2,800 gls 28,500 24 – 26 1 Jul 25 AS Felicia 1,3
Slide 6: Continued Good Cash Generation Supports Fleet Renewal and Dividends
CONTINUED GOOD CASH GENERATION SUPPORTS FLEET RENEWAL AND DIVIDE NDS CASH FLOW BRIDGE FOR Q1 2026 USD million » Investing Cash flow mirrors our continuous fleet renewal program: » Yard instalments of USD ~71m related to 6x 3,700 TEU + 4x 4,500 TEU n/b vessels and 70 -66 keel laying of 1,300 TEU DF -
Slide 7: Robust Capital Structure to Support Future Growth
ROBUST CAPITAL STRUCTURE TO SUPPORT FUTURE GROWTH BALANCE SHEET STRENGTH COMMENTS USD million 1,487 » Continued execution of fleet renewal program with sale of 3 vessels for USD 52m » Successful closing of RCF with revised maturity in Dec 2030 and increased capacity3 » USD 532m in pro-forma liquidit
Slide 8: Agenda
AGENDA 01 HIGHLIGHTS 02 MARKET UPDATE 03 COMPANY OUTLOOK MPC Container Ships | Q1 2026 Earnings Presentation | 8
Slide 9: Invincible Demand Keeps Charter Markets High
INVINCIBLE DEMAND KEEPS CHARTER MARKETS HIGH CHARTER RATES MOVE SIDEWAYS ASSET PRICES REMAIN ELEVATED FORWARD AVAILABILITY REMAINS LOW Index Index No. of Vessels 5,000 1,400 HARPEX Secondhand Price Index 120 116 4,500 Newbuild Price Index 1-2 Months 1,200 4,000 3-4 Months 100 3,500 1,000 5-6 Months
Slide 10: A New Normal That Quietly Absorbs Capacity?
A NEW NORMAL THAT QUIETLY ABSORBS CAPACITY? OBSERVABLE MARKET DISTORTIONS IN SPRING 2026 ARTIFICIAL DEMAND BOOST AND SUPPLY CRUNCHES » Sanctions and regional conflicts have redrawn trade routes 2% » Red Sea diversions, since late 2023, have stretched average haul lengths 5% by 12% » Congestion now a
Slide 11: Geopolitical Disruption and Implication
GEOPOLITICAL DISRUPTION AND IMPLICATION » Effectively closed, leading to surging energy prices Strait of Hormuz Taiwan Strait Red Sea » Potential threat due to Panama Canal » Closed for container Malacca / Singapore political conflict between » Potential draft restrictions traffic, adding 12% Strait
Slide 12: Orderbook Still Not Offsetting Average Fleet Renewal Demand
ORDERBOOK STILL NOT OFFSETTING AVERAGE FLEET RENEWAL DEMAND IN SMALLER SIZES ORDERBOOK AND AGEING FEEDER FLEET STRATEGIC POSITIONING IN THIS CONTEXT % (OB/fleet) 125 High OB/fleet, » Structural aging demand: More than 25% of all units below 8,000 TEU is relatively young fleet older than 20 years 100
Slide 13: Market Drivers
MARKET DRIVERS KEY TOPIC DESCRIPTION » Closure of the Strait of Hormuz has resulted in a collapse of seaborne trade in and out of the region. The situation remains highly MIDDLE EAST uncertain. SITUATION » An unwinding of the diversion via the Cape of Good Hope would drastically change the market fu
Slide 14: Agenda
AGENDA 01 HIGHLIGHTS 02 MARKET UPDATE 03 COMPANY OUTLOOK MPC Container Ships | Q1 2026 Earnings Presentation | 14
Slide 15: High Forward Contract Coverage
HIGH FORWARD CONTRACT COVERAGE BACKLOG OVERVIEW – AS PER MAY ’26 DEVELOPMENT OF REVENUE BACKLOG LAST 12M 2.0 Forward charter backlog1,3,5 /Proj. EBITDA2,3,5 USD 2.0bn / USD 1.2bn USD billion existing fleet Contracted Forward TCE4 23,964 23,612 23,911 newbuilds 1.1 1.1 1% Open days Fixed days 1.1 31%
Slide 16: Overview of Upcoming Charter Positions
OVERVIEW OF UPCOMING CHARTER POSITIONS NUMBER OF FIXED AND UPCOMING VESSELS1 CURRENT CHARTER MARKET LEVEL2 Open vessels TEU CHARTER RATE PERIOD Fixed vessels (USD /D) (MONTHS) 68 68 sold subject to succesful handover 1,300 ~ 20,000 ~ 18 7 12 12 1,700 ~ 25,000 ~ 18 15 2,000 ~ 26,000 ~ 18 2,500 ~ 27,0
Slide 17: Portfolio Optimization Advancing
PORTFOLIO OPTIMIZATION ADVANCING DEVELOPMENT OF ECO PORTFOLIO COMPOSITION (Vessels) KEY METRICS OF NEWBUILDING BOOK Avg. year built Avg. year built Scheduled deliveries: 2007 2015 68 2 17 65 Comments:2 61 62 59 59 9 » USD ~ 900m construction costs » USD ~1.2bn in revenues >75% Fleet » USD ~700m in E
Slide 18: 2026 and Beyond: Strategic Execution
2026 AND BEYOND: STRATEGIC EXECUTION STRENGTHENING OUR POSITION AND RESILIENCE FORWARD FOCUS - WHAT YOU CAN EXPECT » Balanced, charter-aligned fleet renewal N » Selective portfolio optimization » Explore strategic expansion and partnerships with customers » Opportunistic deployment of capital in W E
Slide 19: Final Remarks
FINAL REMARKS » Enhanced charter coverage and strong backlog with USD 2.0bn secured, ensuring contract coverage for 2026 of 99%, 69% for 2027 and 41% for 2028 » Proactive fleet strategy reinforcing strategic positioning and long-term competitiveness by divesting older vessels » Shareholder value cre
Slide 20: Questions & Answers
QUESTIONS & ANSWERS Q1 2026 Earnings Presentation | 20
Slide 21: Appendix
APPENDIX MPC Container Ships | Q1 2026 Earnings Presentation | 21
Slide 22: Charter Backlog Secured in Top Liner Counterparts
CHARTER BACKLOG SECURED IN TOP LINER COUNTERPARTS TOP 10 » 96% of revenue backlog with top 10 liners and cargo-backed CARGO-BACKED 10% » ~3.5 years ² average remaining contract duration 86% TOP 20 & REGIONAL ³ 4% 1) Ranking based on list of 100 largest container/liner operators by Alphaliner MPC Con
Slide 23: Overview of Financing Facilities
OVERVIEW OF FINANCING FACILITIES Facility Type Pre-delivery Outstanding 31/03/26 Total capacity Interest rate # Repayment profile Maturity Deutsche Green Term Loan Yes USD 51.7m USD ~54.5m 230bps + SOFR 2 semi-annual 21x 3.33% + 23.34% balloon Dec. 2037 Bank Société Green Term Loan Yes USD 5.9m USD
Slide 24: Calculation of Recurring Dividend for Q1 2026
CALCULATION OF RECURRING DIVIDEND FOR Q1 2026 USD million Q1 2026 (unaudited) 1 Operating revenue 118.9 EBITDA 68.0 Profit for the period 40.8 Adjustment related to insurance income -0.9 Adjusted profit for the period 39.9 No. of shares outstanding 443.7 Adjusted earnings per share (in USD) 0.09 50%
Slide 25: Condensed Consolidated Statement of Profit or Loss
CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS In USD thousands Q1 2026 Q1 2025 (unaudited) (unaudited) Operating revenues 118,931 127,082 Commissions (2,491) (2,991) Vessel voyage expenditures (5,275) (6,342) Vessel operation expenditures (35,925) (38,332) Ship management fees (2,522) (2,591) S
Slide 26: Consolidated Statement of Financial Position
CONSOLIDATED STATEMENT OF FINANCIAL POSITION March 31, 2026 December 31, 2025 In USD thousands (unaudited) (audited) Assets Non-current Assets Vessels 958,209 975,334 Newbuildings 112,879 57,774 Other non-current asset - - Investments in associate and joint venture 9,817 1,232 Total non-current asse
Slide 27: Condensed Consolidated Statement of Cash Flow
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOW In USD thousands Q1 2026 (unaudited) Q1 2025 (unaudited) Profit (loss) before income tax 40,790 59,538 Net change inventory and trade and other receivables (3,769) (3,732) Net change in trade and other payables and other liabilities 589 4,613 Net change
Slide 28: Fleet Employment Overview
FLEET EMPLOYMENT OVERVIEW MPCC Current No Vessel Cluster Charterer Remark May-26 Jun-26 Jul-26 Aug-26 Sep-26 Oct-26 Nov-26 Dec-26 Jan-27 Feb-27 Mar-27 Apr-27 May-27 Jun-27 Min / Max Fixture (USD/day) 1 AS FELICIA1 1,300 grd ZISS 24,000 Mar-26 / May-26 2 AS ALVA1 2,000 grd MSC 15,500 Apr-26 / Jun-26
Slide 29: Fleet Employment Overview
FLEET EMPLOYMENT OVERVIEW MPCC Current No Vessel Cluster Charterer Remark May-26 Jun-26 Jul-26 Aug-26 Sep-26 Oct-26 Nov-26 Dec-26 Jan-27 Feb-27 Mar-27 Apr-27 May-27 Jun-27 Min / Max Fixture (USD/day) 26 AS PENELOPE 2,500 gls Hapag-Lloyd 26,000 Sep-27 / Dec-27 27 AS SERENA 1,700 grd Maersk A/S 20,000
Slide 30: Fleet Employment Overview
FLEET EMPLOYMENT OVERVIEW MPCC Current No Vessel Cluster Charterer Remark May-26 Jun-26 Jul-26 Aug-26 Sep-26 Oct-26 Nov-26 Dec-26 Jan-27 Feb-27 Mar-27 Apr-27 May-27 Jun-27 Min / Max Fixture (USD/day) 48 AS MARIE1 4,500 gls Top Tier Liner Eco / Ammonia ready Charter rate of USD 31,900 per day Jun-30
Mpc Container Ships As — Q1 2026 Earnings Presentation on 6ix