Slide 1: Investor Presentation H1 2022 Results
Investor Presentation H1 2022 Results Hamburg, 11 August 2022
Slide 2: Opening Remarks
Opening Remarks Supply chain disruptions have further intensified during the first half of 2022 1 CURRENT SITUATION Transport volumes are hampered by continuous congestion and softer backhaul trades Spot rates remain on a high level despite recent downturn H1 2022 earnings increased further above ex
Slide 3: Congestion remains on very high level
1 Current Situation Congestion remains on very high level – Situation in China, North Europe and NA EC offsetting improvement in NA WC ports GLOBAL PORT CONGESTION INDEX [TEU m, 7dma] 9.4 Continental 9.2 Europe / UK 9.0 +25.7% 8.8 +8.3% 8.6 8.4 North America Q2 Q2 8.2 East Coast 2021 2022 China 8.0
Slide 4: Global transport volume declined slightly, spot freight rates weakened but still high
1 Current Situation Global transport volume declined slightly – Spot freight rates weakened but still on a high level GLOBAL TRANSPORT VOLUME DEVELOPMENT SHANGHAI CONTAINERIZED FREIGHT INDEX [USD/TEU] [TEU m] Ø SCFI Ø SCFI Ø SCFI 6,000 -1.7% Q4 2021 Q1 2022 Q2 2022 4,698 4,851 4,211 89.6 88.1 5,000
Slide 5: Further progress along strategic goals and strengthened market position in Africa
1 Current Situation We made further progress along our strategic goals and strengthened our market position in Africa FLEET M&A ▪ Roll-out of Fleet Upgrade Program ▪ Successful closing of the acquisition of to increase fuel efficiency Deutsche Afrika-Linien (DAL) on 1 June 2022 ▪ Active management o
Slide 6: Exceptional freight rate environment led to strong earnings performance
2 Financials Exceptional freight rate environment led to a strong earnings performance in the first six months of 2022 OPERATIONAL KPIs P&L EFFECTS Volume 6,012 Transport volume remained at the previous year’s level Revenue 18,562 Revenue increased by USD +8.0 bn,… TTEU PY: 6,004 (0.1% YoY) as a res
Slide 7: Sharp rise in revenues, group profit increased significantly YoY
2 Financials On the back of a sharp rise in revenues, group profit increased significantly YoY REVENUE [USD m] EBITDA [USD m] +75.9% 41.3% 58.7% Margin 40.2% 58.9% 18,562 +6,702 +70.1% 10,942 +3,305 9,606 10,551 5,635 5,648 4,240 2,330 Q2 2021 Q2 2022 H1 2021 H1 2022 Q2 2021 Q2 2022 H1 2021 H1 2022
Slide 8: Transport volume remained on previous year's level
2 Financials As a result of longer round voyage times, transport volume remained on previous year’s level – despite good demand TRANSPORT VOLUME DEVELOPMENT BY TRADE [TTEU] -0.2% +0.1% 3,030 3,025 6,004 6,012 532 563 1,048 1,052 462 430 899 861 596 573 1,181 1,174 395 388 784 802 159 154 330 311 766
Slide 9: Average freight rate increased, spot rates started to decline
2 Financials Average freight rate increased mainly driven by stronger long-term rates while spot rates started to decline since its peak in January FREIGHT RATE [USD/TEU] VS. BUNKER PRICE DEVELOPMENT [USD/MT] 1,612 +77.1% 2,855 +71.3% 2,935 2,774 2,577 2,234 Average freight rate 1,714 1,509 +73.1% A
Slide 10: Transport expenses continued to increase
2 Financials Transport expenses continued to increase due to higher energy prices, congestion and higher vessel charter rates TRANSPORT EXPENSES PER UNIT [USD/TEU] “Bunker” expenses (+71%) increased H1 2021 1,081 on the back of higher average bunker consumption prices +250 / +23% Bunker 103 “Handlin
Slide 11: Strong cash generation, free cash flow of USD 9.5 bn
2 Financials Strong cash generation in H1 2022, leading to a free cash flow of USD 9.5 bn – Liquidity reserve now at 11.1 USD bn CASH FLOW H1 2022 [USD m] Operating Investing Financing cash flow cash flow cash flow 10.216 -730 -7.833 -726 -647 -83 -6,599 10,942 0 11,119 -835 -105 -294 725 9,326 585
Slide 12: Net liquidity increased to USD 4.5 billion despite dividend
2 Financials Despite the payment of a dividend of USD 6.6 bn in May 2022, net liquidity increased by USD 1.9 billion to USD 4.5 billion EQUITY [USD m] NET CASH [USD m] 60.5% Equity ratio 64.6% 6,222 Financial Debt 5,927 < 0x Net Leverage < 0x 21,350 18,292 4,467 2,520 31 Dec 2021 30-Jun-22 31 Dec 20
Slide 13: Order activity remains high, tight vessel availability
3 Market Update Order activity remains on a high level – Tight vessel availability is 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% 1.7 1.2 35% 1.0 0.7 26% 26% 28% 21% 20% 22% 19% 201
Slide 14: Slower demand growth and additional tonnage should ease 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 Capacity influx will increase from 7% 2023 onwards to cater for hig
Slide 15: H2 earnings should exceed expectations, FY 2022 outlook raised
4 Way Forward H2 earnings should exceed previous expectations – FY 2022 outlook raised on July 28, 2022 FY 2022 FY 2022 FY 2021 Previous Outlook Updated Outlook Strong operational On previous Increasing performance above expectations Transport volume 11,872 TTEU year’s level slightly recorded in H1
Slide 16: Our focus for 2022 and beyond remains unchanged
4 Way Forward Our focus for 2022 and beyond remains unchanged Focus on service Invest in fleet and Seamless quality and competitive cost integration of customer base Deutsche Afrika- satisfaction Linien Continue to follow Strengthen efforts Take care of our a prudent on Sustainability people and inv
Slide 17: Appendix
Appendix 17
Slide 18: Equity ratio of 64.6% and gearing below zero
A Appendix Hapag-Lloyd with an equity ratio of 64.6% and a gearing of below zero BALANCE SHEET [USD M] FINANCIAL POSITION [USD M] million USD 30.6.2022 31.12.2021 million USD 30.6.2022 31.12.2021 30.6.2021 Assets – Financial debt and lease liabilities 5,926.9 6,221.7 6,296.1 Non-current assets 17,49
Slide 19: Strong net profit of USD 9,465.7 m in H1 2022
A Appendix Hapag-Lloyd with strong net profit of USD 9,465.7 m in H1 2022 INCOME STATEMENT [USD M] QoQ YoY million USD Q2 2022 Q1 2022 Q2 2021 Change change H1 2022 H1 2021 Change Revenue 9,605.7 8,956.1 5,648.1 7.3% 70.1% 18,561.8 10,551.3 75.9% Transport expenses –3,663.3 –3,313.1 –2,999.4 10.6% 2
Slide 20: Well balanced maturity structure of financial liabilities
A Appendix Well balanced maturity structure of financial liabilities FINANCIAL DEBT PROFILE AS PER 30 JUNE 20221), [USD M] Facility 30 June 2022 [USD m] Liabilities to banks Bonds Liabilities from lease and charter contracts2) Other financial liabilities Vessel Financings 1,809 Container Financings
Slide 21: Freight rate development
A Appendix Freight rate development COMPREHENSIVE INDEX [USD/TEU] SHANGHAI – NORTH EUROPE [USD/TEU] 6,000 8,000 CCFI NEurope SCFI NEurope CCFI Comprehensive Index SCFI Comprehensive Index 7,000 5,000 3,740 6,000 5,166 4,000 5,076 5,000 3,000 3,163 4,000 3,000 2,000 2,000 1,000 1,000 0 0 Jan-19 Jul-1
Slide 22: 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 23: Bond trading
A Appendix Bond trading 108 EUR Bond 2028 105 Open market of the Luxembourg Stock Listing Exchange (Euro MTF) 102 Volume EUR 300 m 99 ISIN / WKN XS2326548562 96 94.2 93 Maturity Date April 15, 2028 90 as of 15 April 2024: 101.375% Redemption 87 as of 15 April 2025: 100.688% Price as of 15 April 2026
Slide 24: 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 25: Financial Calendar 2022
A Appendix Financial Calendar 2022 10 November 2022 Quarterly Financial Report 9M 2022 25
Slide 26: 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 27: 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 27