Zim Integrated Shipping Services Ltd. · NYSE:ZIM
Zim Integrated Shipping Services — Q2 2026 Earnings Presentation
20 slides from Zim Integrated Shipping Services's earnings presentation, Aug 19, 2026
Slide 1: Q2 2026 Financial Results
Investor Presentation Q 2 202 6 FINANCIAL RESULTS August 19, 2026
Slide 2: Disclaimer: Forward-Looking Statements
Disclaimer Forward - Looking Statements The following information contains ,, or may be deemed to contain, forward-looking statements (as defined in the U.S . agreements and strategic partnerships; formation of new alliances among global carriers, changes in and disintegration of Private Securities
Slide 3: Improved Market Conditions and Strategic Execution Drive Strong Q2 2026 Results
Improved Market Conditions and Strategic Execution Drive Strong Q2 2026 Results Best positioned in Transpacific Revenue s Adj Net Income • Benefited from strong dynamics in strategic trade Cash Flow from Operations $ 1.78 Bn $ 77 M n • Continued to optimize cargo mix to maximize value from expedited
Slide 4: Full Year 2026 Guidance
Full Year 2026 Guidance 2026 Guidance Drivers 2026 Freight rates: higher vs. 2025 Adjusted EBITDA Adjusted EBIT Operated capacity: stable capacity YoY $ 2.0 Bn to $ 2.4 Bn $ 700 Mn to $ 1.1B n Volume: slightly higher vs. 2025 2H’26 Expected to Significantly Bunker costs: meaningfully higher vs. 2025
Slide 5: Dividend Policy and Expected Dividend
Dividend Policy and Expected Dividend Policy: distribute between Based on 2026 guidance, 30 - 50 % expect to pay dividends for of annual net income this year N ote: a ll future dividends are subject to the discretion of Company's Board of Directors and to the restrictions provided by Israeli law 5 I
Slide 6: Pending Transaction with Hapag-Lloyd
Pending Transaction with Hapag -Lloyd ZIM shareholders to receive $ 35 /share 1 2 3 4 ZIM shareholders State of Israel Antitrust Targeted approval approval (“Golden Share ”) approvals C losing obtained pending pending Q 4 2026 Closing remains subject to customary conditions and regulatory approvals
Slide 7: Modern, Cost Effective Fleet; Optionality to Adjust Fleet Size
Modern, Cost Effective Fleet; Optionality to Adjust Fleet Size ~ 40 % ~ 60 % LNG powered Newbuild 128 Vessels 115 containerships 13 car carriers 707 K TEU YTD 2026 4 chartered vessels Optionality to Adjust Fleet Size Re deliveries 2026 2027 9 additional vessels up for renewal ( 35 K TEU) 13 vessels
Slide 8: 250 K TEU incremental newbuild capacity
Investing in Modern and Competitive Capacity New charter agreements to secure 40 additional vessels, including 36 newbuilds 2 10 4 20 X 12,000 TEU X 11,500TEU X 8,000 TEU X 3,000 -5,000 TEU Vessels LNG - fueled Vessels Vessels Vessels (Scrubber Fitted) (Scrubber Fitted) (Some Scrubber Fitted) Expect
Slide 9: Strong Freight Rates Support Improved Earnings for 2026
Strong Freight Rates Support Improved Earnings for 2026 USEC SCFI: Q 3 QTD average rate Q 3 QTD ~ 3 x Q 1average $ 8,651 +82 % Q 2 2026 $ 4,748 Q 1 2026 +66% $ 2,855 Key freight rate drivers Resilient consumer demand (frontloading & restocking); supported by technology and energy investments Supply
Slide 10: Competing Dynamics: Demand vs. Supply Growth with Major Disruptions
Competing Dynamics: Demand vs. Supply Growth with Major Disruptions 39 % 40 M Supply/Demand Balance 10.3% 10% 8.6% 7.6% 8.1% 20 M 6.3% 7.2% 4.5% 5.8% 1.8% 3.8% 4.0% 7.2% 4.2% 3.5% Orderbook - to- Fleet Ratio 4.7% 3.8% 2.5% 2.9% 4.5% 4.1% 1.7% 1.8% 2.5% -1.1 % 0.3% -0.3% 0% 10M Fleet Capacity (year a
Slide 11: Key Operational and Financial Indicators
Key Operational and Financial Indicators Operational Q 2 - 26 H1- 26 Cash Flow Q 2 - 26 H1- 26 Balance Sheet 30 - 6- 2026 Carried volume 922 1,788 Free cash flow 386 621 Total debt 5,303 (K TEU) (+ 3%) (- 3%) ($ Mn) (- 40 ) (- 592 ) ($ Mn) (- 4 24 ) Freight rate 1,590 1,455 Cash 78 % 77% Net debt 2,
Slide 12: Q2 & H1 2026 Financial Highlights
Q 2 & H1 2026 Financial Highlights XX% - margin - 13% - 36 % Revenue Adjusted EBITDA ($Mn) ($Mn) +9 % +4 % 29 % 28 % 34 % 25 % 1,636 1,781 3,642 3,177 472 491 1,251 804 Q 2.25 Q 2.26 H1.25 H1.26 Q 2.25 Q 2.26 H1.25 H1.26 Adjusted EBIT Adjusted Net Income/Loss ($Mn) ($Mn) +14 % - 73% - 99 % +226 % 9%
Slide 13: Average Freight Rate up by 8%, Driven by Strong Transpacific Trade
Average Freight Rate up by 8%, Driven by Strong Transpacific Trade Volume Breakdown By Geographic Trade Zone (K TEU) +3% ZIM Average Freight Rate ($/TEU ) 895 922 137 100 +8 % 1,700 212 199 1,600 1,602 1,590 1,500 Latin America 1,479 118 1,400 129 Intra-Asia 1,333 66 1,300 1,310 Atlantic 76 1,200 Cr
Slide 14: Key Takeaways
Key Takeaways Strong operational and financial results in Q 2 driven by improved market conditions, particularly on Transpacific trade, and disciplined strategic execution Differentiated commercial and operational strategy underpins strong market position Optimize premium cargo and agile Actively ma
Slide 15: Appendix
Appendix
Slide 16: Q2 2026 Cash Flow Bridge ($Mn)
Q 2 2026 Cash Flow Bridge ($Mn) 395 -9 386 - 389 -4 -7 Cash Flow from CAPEX, net Free Cash Flow Debt Service Others Net change Operations in Total Cash Position 16 Investor Presentation
Slide 17: H1 2026 Cash Flow Bridge ($Mn)
H12026 Cash Flow Bridge ($Mn) 657 - 36 621 - 106 - 781 - 272 -6 Cash Flow from CAPEX, net Free Cash Flow Dividend Debt Service Others Net change Operations in Total Cash Position 17 Investor Presentation
Slide 18: Disclaimer: Use of Non-IFRS Financial Measures
Disclaimer Use of Non - IFRS Financial Measures The Company presents non-IFRS measures as additional performance measures as the Company believes that it enables the comparison of operating performance between periods on a consistent basis . These measures should not be considered in isolation, or a
Slide 19: Reconciliation of Net Income to Adjusted EBIT, Adjusted EBITDA & Adjusted Net Income
Reconciliation of Net Income to Adjusted EBIT , Adjusted EBITDA & Adjusted Net Income ($ in Mn) Q2’26 Q2’25 RECONCILIATION OF NET INCOME (LOSS) TO ADJUSTED EBIT* Net income 64 24 Financial expenses, net 84 100 Income taxes (3) 26 Operating income (EBIT) 144 149 Acquisition related costs 25 0 Adjuste
Slide 20: Thank you
Thank you
ZIM Integrated Shipping Services — Q2 2026 Earnings Presentation on 6ix