Slide 1: Investor Presentation Q1 2025 Results
Investor Presentation Q1 2025 Results Hamburg, 14 May 2025
Slide 2: First Quarter 2025 Highlights
First Quarter 2025 Highlights We had a good start to the year as expected, with clearly higher volumes and earnings INVESTOR PRESENTATION – Q1 2025 despite continued operational challenges The market environment was mixed: Transportation demand remained robust while spot freight rates fell sharply H
Slide 3: Global container volumes remained strong in Q1 ahead of anticipated US tariff increases
Global container volumes remained strong in Q1 ahead of anticipated tariff increases in the US 1 HIGHLIGHTS GLOBAL CONTAINER VOLUMES [TEU m] 2024 2025 Q1 2024 Q1 2025 INVESTOR PRESENTATION – Q1 2025 43.1 TEU m +4.2% 44.9 TEU m ▪ Global container volumes 17 increased by 4.2% in Q1 2025 16 15 ▪ Transp
Slide 4: China-US bookings dropped in April, preliminary tariff agreement expected to revive demand
China-US bookings dropped clearly in April, but the preliminary tariff agreement is expected to revive demand 1 HIGHLIGHTS ▪ Bookings from China to the US dropped clearly US RELATED GLOBAL CONTAINER VOLUMES IN 2024 [TEU M] in April as a result of the introduction of very high tariffs. INVESTOR PRESE
Slide 5: Successful launch of Gemini – further work needed to maintain schedule reliability
Successful launch of Gemini – Further work needed to fine-tune the network and maintain >90% schedule reliability 1 HIGHLIGHTS ~95% All ~3,250 INVESTOR PRESENTATION – Q1 2025 vessels phased in Mainline and Shuttle Port calls since Feb 1 (Hapag-Lloyd and Maersk) services started on Mainliners and Shu
Slide 6: Group: good start to the year with higher volumes and earnings
Group We had a good start to the year with higher volumes and earnings 2 FINANCIALS Q1 2025 GROUP KEY FIGURES INVESTOR PRESENTATION – Q1 2025 Transport Volume Revenue EBITDA [MTEU]1 [USD bn] [USD bn] +9% +15% +17% 3.0 3.3 4.6 5.3 0.9 1.1 Q1 2024 Q1 2025 Q1 2024 Q1 2025 Q1 2024 Q1 2025 Group Profit F
Slide 7: Group: quarterly revenue, EBITDA, EBIT and group profit
Group Quarterlyincreased Volumes earnings were by 4.7%up YoY, in 2024nly but continued due to high to decline demand from on the the Pacific peak levelstrade achieved whileinthe Q3/24 average as freight freight rates ratenormalized was flat 2 FINANCIALS REVENUE [USD m] EBITDA [USD m] Margin 20.4% 26
Slide 8: Both business segments delivered solid results
Both business Volumes increased segments by 4.7% delivered in 2024 solid mainlyresults due tobenefitting high demandfrom on themarket good Pacificenvironment trade while the average freight rate was flat 2 FINANCIALS LINER SHIPPING TERMINAL & INFRASTRUCTURE INVESTOR PRESENTATION – Q1 2025 USD m Q1 2
Slide 9: Liner Shipping Segment: volume and freight rate development
Liner Shipping Segment Volume and Volumes increased averagebyfreight 4.7% in rate 2024 in the mainly Linerdue Shipping to highsegment demand on the Pacific increased 9% YoY trade while the average freight rate was flat 2 FINANCIALS FREIGHT RATE DEVELOPMENT [USD/TEU] TRANSPORT VOLUME DEVELOPMENT BY T
Slide 10: Liner Shipping Segment: unit cost development
Liner Shipping Segment Unit cost were affected by continued Red Sea re-routings, operational disruptions in ports and the Gemini phase-in 2 FINANCIALS UNIT COST DEVELOPMENT [in USD/TEU] YEAR-ON-YEAR UNIT COST TREND INVESTOR PRESENTATION – Q1 2025 Volume [TEU m] 3.0 3.1 3.2 3.1 3.3 ▪ “Bunker & Emissi
Slide 11: Comprehensive cost program to maintain long-term competitiveness
Liner Shipping Segment We have initiated a comprehensive cost program to maintain long-term competitiveness 2 FINANCIALS A broad-based inflation has led to a permanent PROFITABILITY LEVERS increase in our main cost components INVESTOR PRESENTATION – Q1 2025 Pricing Review of pricing strategy to adop
Slide 12: Good free cash flow generation despite ongoing modernization
Group Good free cash flow generation despite ongoing modernization and growth of the vessel and container fleet 2 FINANCIALS CASH FLOW Q1 2025 [USD m] INVESTOR PRESENTATION – Q1 2025 Operating Investing Financing 8,719 8,539 cash flow cash flow cash flow 725 RCF 725 1,234 -678 -367 Fixed 132 2,108 i
Slide 13: Balance sheet structure remains very strong – dividend paid on 6 May
Group Our balance sheet structure remains very strong – Dividend of EUR 1.4 bn paid on 6 May 2 FINANCIALS EQUITY [USD m] NET LIQUIDITY [USD m] Equity 62% ratio INVESTOR PRESENTATION – Q1 2025 62% 21,539 22,037 946 1,015 31 Dec 2024 31 Mar 2025 31 Dec 2024 31 Mar 2025 LIQUIDITY RESERVE [USD m] DIVIDE
Slide 14: Demand trend in 2025 very uncertain due to US tariff policy and Red Sea
Demand trend in 2025 very uncertain due to US tariff policy and Red Sea situation MARKET 3 SUPPLY & DEMAND Container volume growth [TEU] INVESTOR PRESENTATION – Q1 2025 18% Container transport work growth [TEU-miles] Fleet capacity growth 11% Clarksons' April forecast for 8% TEU-miles growth assumes
Slide 15: Orderbook remains elevated due to fleet renewal needs and emissions regulations
Orderbook remains elevated due to fleet renewal needs and stricter emissions regulations MARKET 3 CONTAINER VESSEL ORDERBOOK [TEU m; % of world fleet] CAPACITY OLDER THAN 25 YEARS [TEU m] INVESTOR PRESENTATION – Q1 2025 Orderbook Share of world fleet 27% 26% 27% 28% 4.2 22% 16% 13% 3.3 11% 10% 10% 2
Slide 16: Solid start to the year, but tariff impact on FY performance difficult to assess
Solid start to the year, but the impact of tariffs on FY 2025 performance is difficult to assess OUTLOOK 4 INVESTOR PRESENTATION – Q1 2025 FY 2025 FY 2024 Outlook Transport Increasing 12,467 TTEU volume clearly Decreasing Freight rate 1,492 USD/TEU clearly1 Bunker At previous 588 USD/mt consumption
Slide 17: Priorities for 2025 & beyond
Priorities for 2025 & beyond 5 PRIORITIES Ensure a seamless phase-in of the INVESTOR PRESENTATION – Q1 2025 Gemini network to achieve our schedule reliability target of 90% Maintain high customer satisfaction by focusing on operational excellence and exceptional service quality Continue expanding ou
Slide 18: Appendix
Appendix
Slide 19: Equity ratio of 62.1%
Equity ratio of 62.1% 1 APPENDIX INVESTOR PRESENTATION – Q1 2025 BALANCE SHEET [USD M] FINANCIAL POSITION [USD M] million USD 31.03.2025 31.12.2024 million USD 31.03.2025 31.12.2024 Assets Financial debt and lease liabilities 6,979 6,868 Non-current assets 23,764 23,480 Cash and cash equivalents 5,8
Slide 20: Net profit of USD 0.5 bn in Q1 2025
Net profit of USD 0.5 bn in Q1 2025 1 APPENDIX INVESTOR PRESENTATION – Q1 2025 INCOME STATEMENT [USD M] Q1 2024 YoY million USD Q1 2025 (adjusted)* change Revenue 5,318 4,623 15% Transport and terminal expenses –3,776 –3,300 14% Personnel expenses –290 –260 12% Depreciation, amortisation and impairm
Slide 21: Well balanced maturity structure of financial liabilities
Well balanced maturity structure of financial liabilities 1 APPENDIX INVESTOR PRESENTATION – Q1 2025 FINANCIAL DEBT PROFILE AS PER 31 MARCH 2025 1, [USD M] Facility 31 Mar 2025 [USD m] 1,661 1,621 Vessel Financings 2,093 Container Financings 512 373 514 1,267 Total Vessel & Container 2,605 EUR Bond
Slide 22: Disclaimer
Disclaimer 1 APPENDIX Forward-looking statements INVESTOR PRESENTATION – Q1 2025 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 t
Slide 23: 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