Slide 1: Investor Presentation Q1 2022 Results
Investor Presentation Q1 2022 Results Hamburg, 12 May 2022
Slide 2: Opening Remarks
Opening Remarks Russia-Ukraine war put further strain on already disrupted global supply chains 1 CURRENT SITUATION Severe wave of COVID-19 in China impacted port activities and other logistics of container shipping Spot rates ex-China softened as result of seasonality and lower volumes due to lockd
Slide 3: Port congestions worsened due to Russia/Ukraine war & restrictions in China
1 Current Situation Port congestions worsened due to Russia/Ukraine war & restrictions in China – Spot rates ex China are down since peak in January GLOBAL PORT CONGESTION INDEX FREIGHT RATE VS. BUNKER PRICE DEVELOPMENT [TEU m, 7dma] [USD/TEU] [USD/MT] 9.2 6,000 2,000 Ø SCFI Ø SCFI Q4 2021 Q1 2022 9
Slide 4: We made further progress along our strategic goals to Simplify, Strengthen & Invest
1 Current Situation We made further progress along our strategic goals to Simplify, Strengthen & Invest FLEET M&A Roll-out of Fleet Upgrade Program Acquisition of Deutsche Afrika-Linien started with propeller refit to increase fuel (DAL) signed on 11 March 2022 – efficiency deal closing and inte
Slide 5: Exceptional profitability level with positive impact on all financial KPIs
2 Financials Exceptional profitability level with positive impact on all financial KPIs OPERATIONAL KPIs P&L EFFECTS Volume 2,987 Transport volume remained at the previous year’s level Revenue 8,956 Revenue increased by USD +4.1 bn,… TTEU PY: 2,975 (0.4% YoY) as a result of the strained supply chain
Slide 6: Q1 2022 earnings clearly above PY – Peak freight rates more than offset increased operational expenses
2 Financials Q1 2022 earnings clearly above PY – Peak freight rates more than offset significantly increased operational expenses REVENUE [USD m] EBITDA [USD m] 39% Margin 59% +82.7% 8,956 +3,397 5,307 4,903 1,909 Q1 2021 Q1 2022 Q1 2021 Q1 2022 EBIT [USD m] GROUP PROFIT [USD m] 31% Margin 53% 43% R
Slide 7: Despite strong demand, transport volumes were flat as a result of strained supply chains
2 Financials Despite strong demand, transport volumes were flat as a result of strained supply chains TRANSPORT VOLUME DEVELOPMENT BY TRADE [TTEU] The strong demand for exported +0.4% goods from Asia led to an increase in 2,987 transport volumes on the Middle East 2,975 and Far East trades. 516 489
Slide 8: Freight rates increased strongly by ~84% YoY – bunker costs were also considerably up
2 Financials Freight rates increased strongly by ~84% YoY – bunker costs were also considerably up FREIGHT RATE [USD/TEU] VS. BUNKER PRICE DEVELOPMENT [USD/MT] +83.9% 2,774 2,577 2,234 1,714 Average freight rate 1,509 1,114 1,163 1,094 1,084 +59.6% Average bunker price 613 523 514 543 458 360 384 30
Slide 9: Transport expenses increased further due to clearly higher bunker prices and ongoing operational challenges
2 Financials Transport expenses increased further due to clearly higher bunker prices and ongoing operational challenges TRANSPORT EXPENSES PER UNIT [USD/TEU] “Bunker” expenses (+68%) increased Q1 2021 1,044 on the back of higher average bunker +237 / +23% consumption prices Bunker 88 “Handling and
Slide 10: Strong cash generation continued in Q1 2022 - Liquidity reserve now at 13.6 USD bn
2 Financials Strong cash generation continued in Q1 2022 - Liquidity reserve now at 13.6 USD bn CASH FLOW Q1 2022 [USD m] Operating Investing Financing cash flow cash flow cash flow 5,042 -414 -449 -264 13,645 -432 18 0 -127 725 -269 -51 -4 5,307 12,920 9,326 585 Free cash flow = USD 4,628 m 8,741 (
Slide 11: Net cash position further expanded to USD 6.9 bn
2 Financials Net cash position further expanded to USD 6.9 bn EQUITY [USD m] NET CASH [USD m] 60.5% Equity ratio 66.2% 6,222 Financial Debt 5,995 < 0x Net Leverage < 0x 23,040 18,292 6,925 2,520 31 Dec 2021 31 Mar 2022 31 Dec 2021 31 Mar 2022 LIQUIDITY RESERVE [USD m] COMMENTS RCF Cash 13,645 Equity
Slide 12: Order activity picked up pace again in Q1 – Tight vessel availability reflected in low idle fleet
3 Market Update Order activity picked up pace again in Q1 – Tight vessel availability reflected in low level of idle fleet GLOBAL ORDERBOOK NEWLY PLACED ORDERS [TEU m; % of world fleet] Orderbook Share of world fleet [TEU m] Q4 Q3 Q2 Q1 4.2 56% 47% 1.2 35% 1.0 1.0 0.7 26% 26% 25% 21% 20% 22% 19% 201
Slide 13: Slower expected demand growth and influx of additional tonnage from 2023 onwards should ease tight capacity
3 Market Update Slower expected demand growth and influx of additional tonnage from 2023 onwards should ease tight capacity situation SUPPLY/DEMAND BALANCE [TEU m, %] Demand growth is expected to slow down to more sustainable levels 8% Capacity influx will increase from 2023 onwards to cater for hig
Slide 14: Based on strong H1 2022 results expected, we have updated our earnings outlook on 28 April 2022
4 Way Forward Based on continuously strong results expected for H1 2022, we have updated our earnings outlook on 28 April 2022 Updated FY 2021 FY 2022 Outlook FY 2022 Outlook RATIONALE TRANSPORT Increasing On previous Strong operational 11,872 TTEU performance above VOLUME slightly year’s level ex
Slide 15: Our focus for 2022 and beyond: Simplify, Strengthen & Invest
4 Way Forward Our focus for 2022 and beyond: Simplify, Strengthen & Invest Focus on service Seamless integration Invest in fleet and quality and customer of Deutsche Afrika- competitive cost base satisfaction Linien Continue to follow a Strengthen efforts on Take care of our prudent financial Sustai
Slide 16: Appendix
Appendix 16
Slide 17: Hapag-Lloyd with an equity ratio of 66.2% and a gearing of below 0
A Appendix Hapag-Lloyd with an equity ratio of 66.2% and a gearing of below 0 BALANCE SHEET [USD M] FINANCIAL POSITION [USD M] million USD 31.3.2022 31.12.2021 million USD 31.3.2022 31.12.2021 31.3.2021 Assets Financial debt and lease liabilities 5,995.1 6,221.7 6,255.2 Non-current assets 17,206.9 1
Slide 18: Hapag-Lloyd with strong net profit of USD 4,683.5 m in Q1 2022
A Appendix Hapag-Lloyd with strong net profit of USD 4,683.5 m in Q1 2022 INCOME STATEMENT [USD M] QoQ YoY million USD Q1 2022 Q4 2021 Q1 2021 Change change Revenue 8,956.1 8,411.0 4,903.2 6.5% 82.7% Transport expenses –3,313.1 –3,320.6 –2,737.0 –0.2% 21.0% Personnel expenses –235.7 –321.6 –198.1 –2
Slide 19: Well balanced maturity structure of financial liabilities
A Appendix Well balanced maturity structure of financial liabilities FINANCIAL DEBT PROFILE AS PER 31 MARCH 20221), [USD M] Facility 31 March 2022 [USD m] Liabilities to banks Liabilities from lease and charter contracts Vessel Financings 1,879 Bonds Other financial liabilities Container Financings
Slide 20: Freight rate development
A Appendix Freight rate development COMPREHENSIVE INDEX [USD/TEU] SHANGHAI – NORTH EUROPE [USD/TEU] 6,000 8,000 CCFI Comprehensive Index SCFI Comprehensive Index CCFI NEurope SCFI NEurope 7,000 5,000 6,000 5,955 4,000 4,164 5,000 5,039 3,000 3,057 4,000 3,000 2,000 2,000 1,000 1,000 0 0 Jan-19 Jul-1
Slide 21: Share price development
A Appendix Share price development PERFORMANCE SINCE 1 JANUARY 2021 Indexed Price Frankfurt Stock Exchange / 600% Stock Exchange Hamburg Stock Exchange 500% Regulated market Market segment (Prime Standard) 400% ISIN / WKN DE000HLAG475 / HLAG47 300% Ticker Symbol HLAG 200% Nov/16 Primary listing 6 No
Slide 22: Bond trading
A Appendix Bond trading 106 EUR Bond 2028 105 104 Open market of the Luxembourg Stock 103 Listing Exchange (Euro MTF) 102 101 Volume EUR 300 m 100 99 ISIN / WKN XS2326548562 98 97 96 Maturity Date April 15, 2028 95 94 93 as of 15 April 2024: 101.375% Redemption 92 as of 15 April 2025: 100.688% Price
Slide 23: Shareholder structure
A Appendix Shareholder structure Shareholders’ agreement/ Controlling shareholders 3.6% 10.2% Kühne Maritime GmbH / Kühne Holding AG 30.0% CSAV Germany Container Holding GmbH 12.3% HGV Hamburger Gesellschaft für Vermögens- und Beteiligungsmanagement mbH 176 m shares Qatar Holding Germany GmbH The Pu
Slide 24: Financial Calendar 2022
A Appendix Financial Calendar 2022 25 May 2022 Virtual Annual General Meeting 2022 11 August 2022 Half-year Financial Report 2022 10 November 2022 Quarterly Financial Report 9M 2022 24
Slide 25: Disclaimer
Disclaimer Forward-looking statements This presentation contains forward-looking statements that involve a number of risks and uncertainties. Such statements are based on a number of assumptions, estimates, projections or plans that are inherently subject to significant risks, as well as uncertainti
Slide 26: Hapag-Lloyd Investor Relations
Hapag-Lloyd Investor Relations Ballindamm 25 20095 Hamburg Tel: +49 (40) 3001-2896 ir@hlag.com All publication documents can be found here: https://www.hapag-lloyd.com/en/ir.html 26