Hoegh Autoliners Asa · OSL:HAUTO
Hoegh Autoliners Asa — Hoegh Autoliner — Q2 2025 Earnings Presentation
26 slides from Hoegh Autoliners Asa's earnings presentation, Aug 22, 2025
Slide 1: Q2 2025 Quarterly Presentation
Q2 2025 Quarterly Presentation Quarterly presentation Q1 2024 22.08.2025 24.10.2024
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: The second quarter in figures
The second quarter in figures 166 124 95.2 USD million adj. EBITDA USD million net profit before tax USD/CBM gross rate Up 7% Q-o-Q Down 20% Q-o-Q Flat Q-o-Q 137 2 54 Aurora Class vessels delivered USD million dividend Equity ratio (%) Höegh Sunrise To be paid in September Down 7% point Q-o-Q Höegh
Slide 4: Agenda
Market & Commercial Update Sustainability Update Agenda Financial Update Outlook & Q&A
Slide 5: Creating value through the cycle
Creating value through the cycle Key highlights Car carrier market cycle development ▪ Newbuilding and fleet renewal planning in a weak market Our strategy has been built around anticipating shifts, positioning early, and compounding returns over time ▪ Forceful re-pricing of all cargo and improved
Slide 6: Market imbalances: HA increasing volume along with market in Asia
Market imbalances: HA increasing volume along with market in Asia Key highlights Volume from Asia and "Atlantic" L4Y HA volume from Asia and "Atlantic" L4Y CBM million ▪ The strong growth in volumes from Units million +84% +15% +47% Asia is continuing on the back of 3,5 2,0 3,2 3,1 1,9 increased Chi
Slide 7: Charter market: Normalization provides opportunities for growth and supports value creation
Charter market: Normalization provides opportunities for growth and supports value creation from long-term contracts Key highlights Höegh Autoliners TCE vs. 1 Year Timecharter rates ▪ Elevated cost effectively "closed" USD per day Charter-market charter market 2022-2024, limiting "opened" in 2025 vo
Slide 8: The Company has reached an agreement for the sale of Höegh Beijing
The Company has reached an agreement for the sale of Höegh Beijing for USD 43 million... Höegh Bangkok 6 500 $63m CEU Price Höegh Kobe 6 000 $59m CEU Price Vessels Höegh Beijing Höegh Chiba Size 4 900 6 000 $61m (CEU) CEU Price Price 43 (USD millions) Höegh New York 6 500 $61m Delivery September 202
Slide 9: ...Highlighting our active capacity management
...Highlighting our active capacity management Key highlights Vessels purchase options Built CEU Purchase cost Delivery Age ▪ Captured upside on attractive purchase Höegh Copenhagen 2010 7 850 $37m Aug-25 16 options in a elevated marked, with a value Höegh Berlin 2005 7 850 $34m Mar-23 18 of more th
Slide 10: US tariffs: 15% global auto tariff emerges as a new baseline from Aug 7
US tariffs: 15% global auto tariff emerges as a new baseline from Aug 7, but actual implementation date not yet clear Key highlights Activity 2025 2026 and onwards ▪ Multiple trade agreements in progress 25% net of US USMCA-compliant vehicles: 12% with adjustment ▪ Deals have yet to be concluded wit
Slide 11: Latest update on USTR and HA's approach
Latest update on USTR and HA’s approach Key highlights Höegh Autoliners’ approach ▪ Modification date: 6 June 2025 Ongoing dialogue with relevant stakeholders to ▪ Modifications for foreign build Vehicle provide timely and relevant information about the Carriers - Annex III: impact and discuss cost
Slide 12: Contract backlog "fully booked" for 2025 and 2026
Contract backlog "fully booked" for 2025 and 2026 Cargo and contract backlog 2025 Contracts lifting 12% capacity ▪ Signed 3-year renewal of significant contract in key trade 12% 6% lane during August, value above $100m 5% 80% ▪ Contract share of volume transported up 5% from Q4 2024 to 10% contract
Slide 13: Sustainability Update
Sustainability Update
Slide 14: Newbuilds, divesting non-fuel efficient vessels and technical upgrades reducing carbon intensity by 11%
Newbuilds, divesting non-fuel efficient vessels and continued technical upgrades reducing carbon intensity by 11% YoY Carbon intensity improvement Technical upgrades and biofuel -11% -3% 5.30 5.19 5.19 6 vessels w/Technical upgrades on order as of quarter end 1 vessel 5.02 w/Technical upgrades insta
Slide 15: Höegh Sunrise and Höegh Moonlight successfully delivered in Q2 2025
Höegh Sunrise and Höegh Moonlight successfully delivered in Q2 2025 December May June 2023 2025 2025 ... Steel cutting of Aurora Delivery of Aurora Delivery of Aurora vessels #5 & #6 vessel Höegh vessel Höegh Sunrise Moonlight 15 Q2 2025 Presentation | Sustainability Update
Slide 16: Upcycling for the future – from an old vessel to certified steel
Upcycling for the future – from an old vessel to certified steel We are looking at a pioneer project with Nordic Circles to upcycle decommissioned vessels into certified building materials The project introduces a circular value chain for maritime assets, starting with a Höegh vessel scheduled for u
Slide 17: Financial Update
Tr HOEGH AUTOLINERS Financial Update
Slide 18: Volume up 11% enabled by newbuilds and added short-term capacity
Volume up 11% enabled by newbuilds and added short-term capacity on the back of strong contract volume Volumes transported (CBM mill) Net rate (USD per CBM) +9.1% +11.3% -1.9% +1.6% 3.9 86.7 86.7 83.2 80.4 81.6 3.5 3.4 3.5 3.5 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2
Slide 19: Q2 EBITDA of $166m, up 7% on increased volume
Q2 EBITDA of $166m, up 7% on increased volume ▪ Revenue up 12% Q-o-Q on increased volume from both Asia and "Atlantic" ▪ EBITDA margin marginally down following reduced network efficiency and added short-term capacity ▪ Net profit up 6% Q-o-Q when adjusting for gains from sale of H. New York in Q1 2
Slide 20: Growth in EBITDA driven by volume growth, rates stable with contract share of ~81%
Growth in EBITDA driven by volume growth, rates stable with new contract share of ~81% Adjusted EBITDA Q-o-Q USD million 181 1 5 ▪ Resilient market and strong volume 16 166 in Asia 23 37 6 7 9 155 0 2 ▪ Structural imbalance reduce network efficiency ▪ Operating days up 10% Q-o-Q increasing expenses
Slide 21: Robust balance sheet with healthy ratios and solid liquidity
Robust balance sheet with healthy ratios and solid liquidity ▪ Increase in net debt reflects drawdown of debt in relation to the delivery of two new Aurora Class vessels in Q2 ▪ Equity ratio remains solid at 54% ▪ Healthy cash balance of USD 204 million accompanied by undrawn credit facility of USD
Slide 22: Another quarter with strong cash generation
Another quarter with strong cash generation Cash balance Q-o-Q USD million 423 16 26 27 ▪ Höegh Sunrise and Höegh 9 Moonlight delivered in May 153 219 and June 158 233 ▪ Q1 2025 dividend of USD 2 158 million was paid in May 204 Cash balance Net cash from DD and Debt Interest Lease pmt Dividend to Ot
Slide 23: USD 137 million dividend to be paid in September
USD 137 million dividend to be paid in September Highlights Overview of dividend paid and declared L12M USD million 13 137 757 Consecutive quarterly dividends 158 1.50 90 USD billion total dividend1 Paid and declared 245 127 84.3 NOK dividend per share2 Aug-24 Dec-24 Mar-25 May-25 Aug-25 Dividend L1
Slide 24: Outlook
Tr HOEGH AUTOLINERS Outlook
Slide 25: Outlook
Outlook ▪ Tariffs may over time result in lower volumes transported Tariffs & port fees ▪ New US port fees will be valid as of 14 October. The gross cost yearly impact is ~$30 million, the Company is working with its customers to mitigate the impact Q3 performance ▪ We expect Q3 EBITDA to be in line
Slide 26: Thank you!
Thank you! www.hoeghautoliners.com 26