Slide 1: Investor Presentation FY 2024 Results
Investor Presentation FY 2024 Results Hamburg, 20 March 2025
Slide 2: FY 2024 Key Statements
FY 2024 Key Statements FINANCIALS FLEET GEMINI TERMINALS OUTLOOK Despite operational We have made The new Gemini Hanseatic Global Solid start to the challenges, we substantial investments network has been Terminals has been year expected but achieved the third- in our vessel and successfully launche
Slide 3: Global container volumes were exceptionally strong in 2024
1 Highlights Global container volumes were exceptionally strong in 2024, resulting in elevated freight rate levels for exports out of Asia GLOBAL CONTAINER VOLUMES [TEU m] 2023 2024 2025 FY 2023 FY 2024 172.5 TEU m +6.2% 183.2 TEU m ▪ Global container volumes increased 16 by 6.2% in 2024, the highes
Slide 4: Highlights Liner Shipping Segment: fleet expansion and green fuels
1 Highlights Liner Shipping Segment We expanded our fleet, launched new digital products, and secured green fuels to support our Strategy 2030 quality ambitions FLEET GROWTH 2,346 TTEU Maintained a very good customer 1,972 TTEU satisfaction with a NPS1 score of >60 1,797 TTEU +19% +10% Expanded our
Slide 5: The Gemini network has been successfully launched in February
1 Highlights Liner Shipping Segment The Gemini network has been successfully launched in February CURRENT CAPE NETWORK First voyages fully delivered on 46 of 57 ~200 of 340 >900 ≥90% Mainline and Shuttle vessels phased in Port calls since Feb 1 on services started (Hapag-Lloyd + Maersk) Mainliners +
Slide 6: Highlights Terminal & Infrastructure: Hanseatic Global Terminals
1 Highlights Terminal & Infrastructure We have established Hanseatic Global Terminals as an independent global terminal operator and are expanding the business KEY DEVELOPMENTS ▪ Extended concessions for Florida and Haldia (India) terminals ▪ Successful terminal inauguration of Tuticorin (India) ▪ A
Slide 7: Strong financial performance in 2024 and solid balance sheet
2 Financial Performance We recorded a strong financial performance in 2024 and maintained a solid balance sheet FY 2024 GROUP KEY FIGURES Transport Volume Revenue EBITDA [MTEU]1 [USD bn] [USD bn] +4.7% +6.6% +4.2% 11.9 12.5 19.4 20.7 4.8 5.0 FY 2023 FY 2024 FY 2023 FY 2024 FY 2023 FY 2024 Free Cash
Slide 8: Operating result increased to USD 2.8 bn, Group Profit declined
2 Financial Performance While operating result increased to USD 2.8 bn, Group Profit declined due to lower interest income REVENUE [USD m] +7% EBITDA [USD m] 20,673 7.5% 26.7% Margin 24.9% 24.3% +32% 19,391 +4% 5,390 4,825 5,029 4,079 +372% 1,437 305 Q4 2023 Q4 2024 FY 2023 FY 2024 Q4 2023 Q4 2024 F
Slide 9: Liner Shipping recorded once again a strong year
2 Financial Performance Liner Shipping Segment Liner Shipping recorded once again a strong year Liner Shipping ▪ Revenue increased mainly due to USD m FY 2023 FY 2024 higher transport volumes Revenue 19,210 20,287 ▪ Transport expenses were 7% higher EBITDA 4,775 4,878 as a result of higher volumes,
Slide 10: Volumes increased by 4.7% in 2024 mainly due to Pacific demand
2 Financial Performance Liner Shipping Segment Volumes increased by 4.7% in 2024 mainly due to high demand on the Pacific trade while the average freight rate was flat FREIGHT RATE DEVELOPMENT [USD/TEU] TRANSPORT VOLUME DEVELOPMENT BY TRADE [TTEU] FY 2023 FY 2024 1,500 1,492 +4.7% -0.6% +5.1% 12,467
Slide 11: Unit cost affected by Red Sea re-routings and port disruptions
2 Financial Performance Liner Shipping Segment Unit cost were affected by continued Red Sea re-routings and operational disruptions in ports UNIT COST DEVELOPMENT [in USD/TEU] ▪ “Bunker & Emissions” increased Volume 3.1 3.1 11.9 12.5 because of higher bunker consumption [TEU m] due to Red Sea re-rou
Slide 12: Terminal business recorded strong revenue and earnings growth
2 Financial Performance Terminal & Infrastructure Terminal business recorded strong revenue and earnings growth Terminal & Infrastructure ▪ Revenue increase driven by good USD m FY 2023* FY 2024 volume development and full Revenue 202 434 consolidation of SAAM Ports & Logistics since Aug 2023 EBITDA
Slide 13: We invested USD 2.6 bn and distributed USD 1.8 bn in dividends
2 Financial Performance Group We invested USD 2.6 bn in our Liner and Terminal business and distributed USD 1.8 bn in dividends to our shareholders CASH FLOW FY 2024 [USD m] Operating Investing Financing cash flow cash flow cash flow 4,731 -2,139 -3,328 -298 439 -2,578 9,204 725 5,029 8,539 -1,766 7
Slide 14: Equity ratio of 62% and liquidity reserve of USD 8.5 bn
2 Financial Performance Group With an equity ratio of 62% and a liquidity reserve of USD 8.5 bn, our balance sheet continues to be very strong EQUITY [USD m] NET LIQUIDITY [USD m] 64.7% Equity ratio 61.7% 20,782 21,539 2,870 946 31 Dec 2023* 31 Dec 2024 31 Dec 2023* 31 Dec 2024 LIQUIDITY RESERVE [US
Slide 15: We propose a dividend of EUR 8.20 per share to the AGM
2 Financial Performance We propose a dividend of EUR 8.20 per share to the AGM TOTAL DIVIDEND DISTRIBUTION [EUR m] 11,073 6,152 1,626 1,441 615 2020 2021 2022 2023 2024 DPS AND PAYOUT RATIO1 [EUR] 66% 68% 65% 55% 60% 63.00 35.00 9.25 8.20 3.50 2020 2021 2022 2023 2024 15 20.03.2025 Investor Presenta
Slide 16: Container volume growth projected to normalize in 2025
3 Market Update Container volume growth is projected to normalize in 2025 – Idle fleet remains low SUPPLY & DEMAND INACTIVE FLEET [in TEU m] Container volume growth [TEU] Idle fleet Ships in drydock Share of inactive fleet 2.5% Fleet growth 3,000 t/o idle 0.7% 10.1% 2,500 2,000 8.3% 1,500 6.9% 1,000
Slide 17: Fewer vessel deliveries in 2025, orderbook remains elevated
3 Market Update Fewer vessel deliveries in 2025, but orderbook remains elevated due to fleet renewal needs and stricter emissions regulations GLOBAL ORDERBOOK [TEU m; % of world fleet] CAPACITY OLDER THAN 25 YEARS Orderbook Share of world fleet Capacity older than 25 years [TEU m]1 Current orderbook
Slide 18: Solid start to the year expected, but tariffs and Red Sea impact unclear
4 Way Forward Solid start to the year expected, but the impact of tariffs and the return to the Red Sea on FY 2025 performance is difficult to assess FY 2025 FY 2024 Outlook ▪ Transport volumes are expected to Increasing increase clearly, driven by expanded Transport volume 12,467 TTEU clearly vesse
Slide 19: Priorities for 2025 & beyond
4 Way Forward Priorities for 2025 Ensure a seamless phase-in of the Gemini network to achieve our schedule reliability target of 90% & beyond Drive growth in selected markets and customer segments through higher scale and superior products Maintain high customer satisfaction by focusing on operation
Slide 20: Q&A
Q&A 20
Slide 21: Appendix
Appendix 21
Slide 22: Equity ratio of 61.6%
Appendix Equity ratio of 61.6% BALANCE SHEET [USD M] FINANCIAL POSITION [USD M] million USD 31.12.2024 31.12.2023* million USD 31.12.2024 31.12.2023* Assets Financial debt and lease liabilities 6,868 5,609 Non-current assets 23,480 20,781 Cash and cash equivalents 5,696 6,435 of which fixed assets 2
Slide 23: Net profit of USD 1.8 bn in FY 2024
Appendix Net profit of USD 1.8 bn in FY 2024 INCOME STATEMENT [USD M] YoY million USD Q4 2024 Q4 2023* change FY 2024 FY 2023* Change Revenue 5,390 4,079 32% 20,673 19,391 7% Transport and terminal expenses –3,521 –3,268 8% –13,916 –12,901 8% Personnel expenses –320 –307 4% –1,249 –1,114 12% Depreci
Slide 24: Well balanced maturity structure of financial liabilities
Appendix Well balanced maturity structure of financial liabilities FINANCIAL DEBT PROFILE AS PER 31 DECEMBER 2024 1, [USD M] Facility 31 Dec 2024 [USD m] 1,568 1,531 Vessel Financings 2,012 1,487 Container Financings 537 361 285 Total Vessel & Container 2,549 500 EUR Bond 2024 312 958 943 Total Bond
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) 3001-3705 . ir@hlag.com All publication documents can be found here: https://www.hapag-lloyd.com/en/ir.html 26