Mpc Container Ships Asa · OSL:MPCC
Mpc Container Ships Asa — Q4 2025 Earnings Presentation
33 slides from Mpc Container Ships Asa's earnings presentation, Feb 24, 2026
Slide 1: Q4 2025 Earnings Call
February 24, 2026 Q4 2025 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 | Q4 2025 Earnings Presentation | 2
Slide 3: Highlights: Executive Summary
HIGHLIGHTS EXECUTIVE SUMMARY HIGHLIGHTS: » Forward fixing activity extends visibility, building a strong backlog with 97% of open USD 518m days covered in 2026, 58% in 2027 and 35% in 2028 2025 OPERATING REVENUES » Quarterly dividend of USD 0.05 per share, corresponds to 50% of adjusted net profit »
Slide 4: Financial and Operational Performance
FINANCIAL AND OPERATIONAL PERFORMANCE PROFIT OR LOSS FINANCIAL KPIs Q4 2025 Q4 2024 FY 2025 FY 2023 Q4 2025 Q4 2024 FY 2025 FY 2024 Gross Revenues USD m 127.0 130.0 517.8 540.9 Adj. EPS USD 0.10 0.11 0.45 0.55 Adj. EBITDA USD m 76.0 72.3 306.1 325.1 DPS USD 0.05 0.09 0.23 0.42 Adj. Net Profit USD m
Slide 5: Operational Review 2025 and 2026 YTD
OPERATIONAL REVIEW 2025 AND 2026 YTD FIXTURES RETROFITS » Avg. hire of USD ~22,500 per day based on an avg. » USD ~8m invested into hydrodynamic measures and duration of ~25 months1 energy efficiency technologies » One further fixture concluded in Jan 2026: » Leading to expected efficiency gains of
Slide 6: Fleet Transformation Well Underway Through Attractive Newbuilds
FLEET TRANSFORMATION WELL UNDERWAY THROUGH ATTRACTIVE NEWBUILDS NEWBUILDINGS SIGNIFICANTLY DE-RISKED, WHILE RETAINING NOTABLE UPSIDE POTENTIAL Strong De-Risking » Newbuilding Capex mitigated by initial multi year charter # NBs under construction employments & contracted revenues 1x 1,300 TEU DF Stag
Slide 7: Portfolio Optimization Advancing
PORTFOLIO OPTIMIZATION ADVANCING DEVELOPMENT OF ECO PORTFOLIO COMPOSITION (Vessels) FLEET RENEWAL STRATEGY Avg. year built Avg. year built USD ~1.4bn Investment Program ECO Conventional 2007 2015 1 NEWBUILDING PROGRAM 68 21x highly efficient & DF vessels (USD ~1.1bn) 61 62 59 59 2 ACQUISITION OF ECO
Slide 8: Continued Good Cash Generation Supports Fleet Renewal and Dividends
CONTINUED GOOD CASH GENERATION SUPPORTS FLEET RENEWAL AND DIVIDE NDS CASH FLOW BRIDGE FOR Q4 2025 USD million » Investing Cash flow mirrors our continuous fleet renewal program: » Yard instalments of USD ~10m related to 2x -15 1600 TEUs HC vessels -15 75 -16 -22 425 » Investment in vessels on the wa
Slide 9: Robust Capital Structure to Support Future Growth
ROBUST CAPITAL STRUCTURE TO SUPPORT FUTURE GROWTH BALANCE SHEET STRENGTH COMMENTS USD million 1,536 » 1st installment for newbuildings signed in Q425 will be paid out of existing cash = re- investment of vessel sales proceeds » Successful extension of RCF with revised maturity in Dec 2030 and increa
Slide 10: Agenda
AGENDA 01 HIGHLIGHTS 02 MARKET UPDATE 03 COMPANY OUTLOOK MPC Container Ships | Q4 2025 Earnings Presentation | 10
Slide 11: Uncertainty Remains Elevated
UNCERTAINTY REMAINS ELEVATED MACROECONOMY GEOPOLITICAL FLASHPOINTS CONTAINER MARKET % % Global Economic Policy Uncertainty Index 15 15 700 10.9 World 10 10 600 3.7 5 4.1 5 2.9 3.3 3.3 3.2 500 2.6 3.1 6.6 Pandemic 1.2 400 0 -1.2 1.9 0 1.5 0.8 0.6 300 -5 -2.7 -5 GFC 200 9/11 -8.4 -10 World Trade Volum
Slide 12: Carriers Continue to Chase Freight and Capacity
CARRIERS CONTINUE TO CHASE FREIGHT AND CAPACITY AT THE SAME TIME CHARTER RATES UNIMPRESSED BY VOLATILE FREIGHT RATES SECONDHAND AND NEWBUILD PRICES REMAIN ELEVATED FORWARD AVAILABILITY REMAINS LOW HARPEX SCFI Index No. of Vessels 4,000 SCFI 4,000 150 2nd Hand Price Index Available in the next 6 mont
Slide 13: Re-Arrangement of Global Trade Flows Underway
RE-ARRANGEMENT OF GLOBAL TRADE FLOWS UNDERWAY WHILE THE US IS ISOLATING, CHINA IS DIVERSIFYING GROWTH RATES OF CONTAINER TRADE mTEU year-on-year container trade 2025 Effective tariff rates 1 versus previous year 20 18.5 Global 5.1 8 7.2 7 Far East - Europe 9.7 15 6 5 Transpacific -2.7 10 4 3 Far Eas
Slide 14: Orderbook Still Not Offsetting Fleet Renewal Need
ORDERBOOK STILL NOT OFFSETTING FLEET RENEWAL NEED IN SMALLER SIZ ES COMMENTS % (OB/fleet) 90 >17k TEU High OB/fleet, » The replacement need for the fleet above 20 relatively young fleet years in age, is not covered by the number of 80 units in the orderbook for any size below 8,000 TEU 70 60 » While
Slide 15: Market Drivers
MARKET DRIVERS KEY TOPIC DESCRIPTION » Constant back and forth of US trade policy announcements creates a volatile framework for container shipping US VOLATILITY markets » The timing of a return to the Red Sea remains highly uncertain despite the first the major liner vessel transits RED SEA SITUATI
Slide 16: Agenda
AGENDA 01 HIGHLIGHTS 02 MARKET UPDATE 03 COMPANY OUTLOOK MPC Container Ships | Q4 2025 Earnings Presentation | 16
Slide 17: High Forward Contract Coverage
HIGH FORWARD CONTRACT COVERAGE BACKLOG OVERVIEW – AS PER FEB’26 DEVELOPMENT OF REVENUE BACKLOG LAST 12M Forward charter backlog1,3,5 2.0 /Proj. EBITDA2,3,5 USD 2.0bn / USD 1.2bn USD billion existing fleet newbuilds Contracted Forward TCE4 22,443 22,584 23,167 3% 1.1 Open days Fixed days 42% 1.1 65%
Slide 18: Overview of Upcoming Charter Positions
OVERVIEW OF UPCOMING CHARTER POSITIONS NUMBER OF FIXED AND UPCOMING VESSELS1 CURRENT CHARTER MARKET LEVEL 1 Open vessels Fixed vessels 68 68 TEU CHARTER RATE PERIOD 7 15 15 15 (USD /D) (MONTHS) 1,300 ~ 19,500 ~ 18 1,700 ~ 22,250 ~ 18 2,000 ~ 24,000 ~ 18 2,500 ~ 26,900 ~ 24 2,800 ~ 28,800 ~ 24 3 7 3,
Slide 19: Strategic Execution Strengthening Our Position and Resilience
STRATEGIC EXECUTION STRENGHTENING OUR POSITION & RESILIENCE WHAT WE EXECUTED & WHERE WE STAND PORTFOLIO & FLEET RENEWAL RELIABLE & STRATEGIC PARTNER » Transformational but disciplined fleet » Customers: Strategic transactions deepened renewal (charter-backed newbuilds) top-tier liner partnerships »
Slide 20: 2026 and Beyond
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 » Deepened strategic customer partnerships » Opportunistic deployment of capital in W E volatile markets »
Slide 21: Final Remarks
FINAL REMARKS » Enhanced charter coverage and strong backlog with USD 2.0bn secured, ensuring contract coverage for 2026 of 97%, 58% for 2027 and 35% for 2028 » Proactive fleet strategy divesting older vessels and renewing the fleet, reinforcing strategic positioning and long-term competitiveness »
Slide 22: Questions & Answers
QUESTIONS & ANSWERS Q4 2025 Earnings Presentation | 22
Slide 23: Appendix
APPENDIX MPC Container Ships | Q4 2025 Earnings Presentation | 23
Slide 24: 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% » More than 3.6 years ² average remaining contract duration 86% TOP 20 & REGIONAL ³ 4% 1) Ranking based on list of 100 largest container/liner operators by Alphaline
Slide 25: Overview of Financing Facilities
OVERVIEW OF FINANCING FACILITIES Facility Type Pre-delivery Outstanding 31/12/25 Total capacity Interest rate # Repayment profile Maturity Deutsche Green Term Loan Yes USD 52.6m USD ~54.5m 230bps + SOFR 2 semi-annual 22x 3.33% + 23.34% balloon Dec. 2037 Bank Société Green Term Loan Yes USD 2.0m USD
Slide 26: Calculation of Recurring Dividend for Q4 2025
CALCULATION OF RECURRING DIVIDEND FOR Q4 2025 USD million Q4 2025 (unaudited) 1 Operating revenue 127.0 EBITDA 76.0 Profit for the period 45.9 Adjustment related to CAPEX losses -1.1 Adjusted profit for the period 47.0 No. of shares outstanding 443.7 Adjusted earnings per share (in USD) 0.11 50% dec
Slide 27: Condensed Consolidated Statement of Profit or Loss
CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS Q4 2025 Q4 2024 FY 2025 FY 2024 In USD thousands (unaudited) (unaudited) (unaudited) (audited) Operating revenues 126,955 129,951 517,803 540,860 Commissions (2,333) (3,202) (11,521) (14,433) Vessel voyage expenditures (9,664) (5,726) (27,655) (19,1
Slide 28: Consolidated Statement of Financial Position
CONSOLIDATED STATEMENT OF FINANCIAL POSITION Dec 31, 2025 Dec 31, 2024 Dec 31, 2025 Dec 31, 2024 in USD thousands in USD thousands (unaudited) (audited) (unaudited) (audited) ASSETS EQUITY AND LIABILITIES Non-current Assets Equity Vessels 975,334 1,003,460 Share capital 48,589 48,589 Newbuildings 57
Slide 29: Condensed Consolidated Statement of Cash Flow
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOW FY 2025 FY 2024 FY 2025 FY 2024 in USD thousands in USD thousands (unaudited) (audited) (unaudited) (audited) Profit (loss) before income tax 237,585 266,371 Dividends paid (119,917) (204,359) Income tax expenses paid 117 - Addition of non-controlling in
Slide 30: Fleet Employment Overview
FLEET EMPLOYMENT OVERVIEW MPCC Current No Vessel Cluster Charterer Remark Feb-26 Mar-26 Apr-26 May-26 Jun-26 Jul-26 Aug-26 Sep-26 Oct-26 Nov-26 Dec-26 Jan-27 Feb-27 Mar-27 Min / Max Fixture (USD/day) 1 AS PATRIA1 2,500 grd KMTC 15,500 Mar-26 / Oct-26 2 AS FELICIA2 1,300 grd ZISS 24,000 DD3 Mar-26 /
Slide 31: Fleet Employment Overview
FLEET EMPLOYMENT OVERVIEW MPCC Current No Vessel Cluster Charterer Remark Feb-26 Mar-26 Apr-26 May-26 Jun-26 Jul-26 Aug-26 Sep-26 Oct-26 Nov-26 Dec-26 Jan-27 Feb-27 Mar-27 Min / Max Fixture (USD/day) 26 AS SOPHIA 1,700 grd Maersk A/S 21,500 DD1 Jul-27 / Nov-27 27 AS NARA 3,500 gls Maersk A/S 25,150
Slide 32: Fleet Employment Overview
FLEET EMPLOYMENT OVERVIEW MPCC Current No Vessel Cluster Charterer Remark Feb-26 Mar-26 Apr-26 May-26 Jun-26 Jul-26 Aug-26 Sep-26 Oct-26 Nov-26 Dec-26 Jan-27 Feb-27 Mar-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
Slide 33: Disclaimer
DISCLAIMER This presentation (the “Presentation”) has been prepared by MPC Container ships ASA (the “Company”) for information purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein. Please note that no representation or war
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