Hapag-lloyd Ag · XETR:HLAG

Hapag-lloyd — Merger or Acquisition (February 2026)

14 slides from Hapag-lloyd's merger presentation, Feb 17, 2026

  1. Slide 1: Hapag-Lloyd signs merger agreement with ZIM

    Investor Presentation Hapag-Lloyd signs merger agreement with ZIM 17/02/2026 Hamburg

  2. Slide 2: Disclaimer

    Disclaimer This presentation contains forward-looking statements within the meaning of The distribution of this presentation may be restricted by law in certain applicable securities laws, including, where applicable, the U.S. Private jurisdictions. Persons into whose possession this presentation co

  3. Slide 3: Transaction overview

    Transaction overview Signing of a merger agreement with Israeli container shipping line ZIM ▪ Hapag-Lloyd has signed an agreement with ZIM to acquire 100% of the company’s shares INVESTOR PRESENTATION ▪ Consideration of USD 35.00 per share in cash, resulting in a total equity consideration of USD c.

  4. Slide 4: ZIM is a leading global container liner company with operations in over 90 countries

    ZIM is a leading global container liner company with operations in over 90 countries with a very modern and efficient fleet ZIM at a glance1) ▪ Publicly listed on the New York Stock Volume [MTEU] INVESTOR PRESENTATION 117 Exchange (NYSE) 3.5 3.4 3.3 3.8 Container vessels ▪ Headquartered in Haifa, Is

  5. Slide 5: The envisaged transaction is well aligned with our strategy journey

    The envisaged transaction is well aligned with our strategy journey Strategy 2030 ST RAT EG IC DIRECT IO N ▪ Strategic fit ZIM will strengthen all five pillars of our Strategy 2030, which aims to Pure Play Plus secure our Top 5 global position, advance quality, and reinforce >30 >30% INVESTOR PRESEN

  6. Slide 6: Complementing trade portfolio will strengthen our major trades, particularly the Transpacific

    Complementing trade portfolio will strengthen our major trades – particularly boosting presence on the Transpacific Selected operational KPIs [pro-forma view] Market shares on selected trades2) Hapag-Lloyd ZIM TRANSPACIFIC LATAM ASIA INVESTOR PRESENTATION Transport volume [m TEU] 13.5 3.7 17.2 (FY 2

  7. Slide 7: ZIM brings a modern fleet, mainly in the mid-sized segments

    ZIM brings a modern fleet, mainly in the mid-sized segments Fleet overview [Number of Vessels] Current fleet X Orderbook (incl. own and chartered) INVESTOR PRESENTATION Vessel Size Class Hapag-Lloyd ZIM Combined (incl. orderbook) 18 12 30 0 30 16,000 – 24,000 TEU 53 53 10 63 12,000 – 16,000 TEU 60 1

  8. Slide 8: Combination will add significant scale and earnings potential

    Combination will add significant scale and earnings potential Revenue [USD bn] EBITDA [USD bn] EBIT [USD bn] INVESTOR PRESENTATION 29.1 8.7 5.3 28.0 8.4 6.9 3.7 2.5 5.8 0.2 2.0 2.0 20.7 21.1 0.2 5.0 0.7 2.8 3.6 1.1 2024 2025e1) 2024 2025e1) 2024 2025e1) 17/02/2026 Hapag-Lloyd ZIM (Guidance lower end

  9. Slide 9: Annual synergies of USD 300-500m expected, with network synergies the largest driver

    Annual synergies of USD 300-500m expected, with network synergies being the single largest driver Anticipated synergy buckets [USDm] Comments INVESTOR PRESENTATION ▪ Strong track record of realizing 300 - 500 synergies following various successful acquisitions and mergers (NileDutch, UASC, CSAV) ▪ S

  10. Slide 10: Transaction will be conducted under Israeli law and requires simple majority of votes

    Transaction will be conducted under Israeli law and requires simple majority of votes in general meeting Transaction structure (simplified) Comments Before: After: INVESTOR PRESENTATION ▪ The transaction will be conducted under Israeli law ▪ ZIM will be “delisted” and becomes a 100% subsidiary of Ha

  11. Slide 11: FIMI to assume Golden Share obligations and establish independent vessel carrier

    Israel-based FIMI Opportunity Funds (FIMI) to assume Golden Share obligations and establish independent vessel carrier ZIM ▪ Transaction consists of two separate streams: as of today GS − Hapag-Lloyd acquires ZIM where the vast majority of ZIM INVESTOR PRESENTATION business activities will be combin

  12. Slide 12: Transaction to be financed via available liquid funds

    Transaction to be financed via available liquid funds Uses and Sources for Acquisition Comments Uses [USD bn] Available liquidity [USD bn] ▪ Acquisition to be funded through INVESTOR PRESENTATION our liquidity reserve 7.5 0.7 RCF ▪ Additional liquidity headroom USD 35 Fixed secured through bridge fi

  13. Slide 13: Closing of transaction expected at the end of 2026

    Closing of transaction expected at the end of 2026 Next Steps INVESTOR PRESENTATION ZIM Extraordinary General Meeting Approval by Ministries of the State of Israel Expected closing at the Antitrust clearance end of 2026 Transfer shares to Hapag- Lloyd 17/02/2026 Payment of consideration to sharehold

  14. Slide 14: 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

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