Slide 1: Q2 2026 Earnings Call
August 26, 2026 Q2 2026 EARNINGS CALL Constantin Baack, CEO Moritz Fuhrmann, Co-CEO and CFO
Slide 2: Agenda
AGENDA 01 BUSINESS UPDATE 02 MARKET UPDATE 03 COMPANY OUTLOOK MPC Container Ships | Q2 2026 Earnings Presentation | 2
Slide 3: Executive Summary
BUSINESS UPDATE EXECUTIVE SUMMARY HIGHLIGHTS: » Continued solid backlog of 99% of open days covered in 2026, 85% in 2027, 60% in USD 116.9m 2028 and 39% in 2029 Q2 2026 OPERATING REVENUES » Acquired four modern 7,000 TEU vessels on three-year charters » Secured a USD 375 million senior secured term
Slide 4: Increasing Forward Fixture and Continued Fleet Renewal
BUSINESS UPDATE INCREASING FORWARD FIXTURE AND CONTINUED FLEET RENEWAL RECENT FIXTURES 1 STATUS OF VESSELS SOLD FIXTURE TO COUNT CHARTER RATE PERIOD GROSS PRICE HANDOVER # VESSEL TEU # DATE VESSEL TEU BUILT HANDOVER DATE FROM (USD /D) (MONTHS) (USD) STATUS 1 Jun 26 Apr 27 AS Pamela 2,500 grd 25,800
Slide 5: MPCC to Take Over 4x 7,000 TEU 2023/2024 Vessels with 3-Year Charter
BUSINESS UPDATE MPCC TO TAKE OVER 4X 7,000 TEU 2023/2024 VESSELS WITH 3 -YEAR CHARTER DEAL ECONOMICS WHY THIS TRANSACTION Modern tonnage in strong demand as the ageing Panamax fleet En-bloc price USD 340m retires Versatile size deployable across any trade lane and well positioned for structural grow
Slide 6: Robust Capital Structure to Support Future Growth
BUSINESS UPDATE ROBUST CAPITAL STRUCTURE TO SUPPORT FUTURE GROWTH BALANCE SHEET STRENGTH COMMENTS USD million 1,472 » Completed private placement of 44.37m new shares » Sale of two vessels for USD 40m » USD 680m in pro-forma liquidity available (including undrawn RCF capacity2) 680 » Acquisition of
Slide 7: Agenda
AGENDA 01 BUSINESS UPDATE 02 MARKET UPDATE 03 COMPANY OUTLOOK MPC Container Ships | Q2 2026 Earnings Presentation | 7
Slide 8: Market Momentum: Tight Supply Keeps Charter & S&P Market Firm
MARKET UPDATE MARKET MOMENTUM: TIGHT SUPPLY KEEPS CHARTER & S&P MARKET FIRM STRONG CHARTER MARKETS… LIMITED AVAILABILITY FOR THE NEXT 6 MONTHS, BUT FORWARD FIXING THRIVES Index No. of Vessels 5,000 Months 1,200 4,500 Vessels available (next 6 months) 7 4,000 Avg. forward fixture (months) 3,500 1,000
Slide 9: Market Continues to Be Supported by Solid Demand and Supply Constraints
MARKET UPDATE MARKET CONTINUES TO BE SUPPORTED BY SOLID DEMAND AND SUPPLY CONS TRAINTS NEAR-TERM MARKETS ARE NO LONGER DRIVEN BY SUPPLY–AND-DEMAND ...BUT RATHER BY STRUCTURAL DISTORTIONS FUNDAMENTALS... SOLID CONTAINER DEMAND LONGER TRADE ROUTES DEFINING FORCES » Frontloading of shipments ahead of p
Slide 10: Agenda
AGENDA 01 BUSINESS UPDATE 02 MARKET UPDATE 03 COMPANY OUTLOOK MPC Container Ships | Q2 2026 Earnings Presentation | 10
Slide 11: Strong Forward Contract Coverage, Extending Further Out
COMPANY OUTLOOK STRONG FORWARD CONTRACT COVERAGE, EXTENDING FURTHER OUT BACKLOG OVERVIEW – AS PER AUG ’26 Forward charter backlog1,3,5 /Proj. EBITDA2,3,5 USD 2.2bn / USD 1.4bn Contracted Forward TCE4 24,345 25,122 25,821 25,893 15% 40% Open days Fixed days 61% 99% 85% 60% 39% 2026 2027 2028 2029 1)
Slide 12: Overview of Upcoming Charter Positions
COMPANY OUTLOOK OVERVIEW OF UPCOMING CHARTER POSITIONS NUMBER OF FIXED AND UPCOMING VESSELS1 CURRENT CHARTER MARKET LEVEL2 4 68 68 TEU CHARTER RATE PERIOD 1 (USD /D) (MONTHS) 1,300 - 2,200 TEU 8 2,500 - 2,800 TEU 1,300 ~ 21,000 ~ 18 3,500 - 4,500 TEU 1,700 ~ 25,000 ~ 24 Sold subject to successful ha
Slide 13: A Balanced Approach: Increasing Duration and Harvesting Value
COMPANY OUTLOOK A BALANCED APPROACH: INCREASING DURATION AND HARVESTING VALUE 01 02 03 N E W B UI L DI N G S S E C O N D - HA ND V E S S EL S RETROFITS Invest in newbuildings to Act opportunistically as a buyer Retrofit second-hand vessels to increase tail end fleet value and a seller extend duratio
Slide 14: Continuous Portfolio Optimization & Increasing Eco Fleet Composition
COMPANY OUTLOOK CONTINOUS PORTFOLIO OPTIMIZATION & INCREASING ECO FLEET COMPOSIT ION WELL ADVANCED ECO TRANSITION OF THE MPCC FLEET SINCE 20211 STRATEGIC EXECUTION OF KEY INDICATORS ECO Conventional Avg. year built Avg. year built Q3 21 Aug 26 2007 2016 Revenue backlog (USDbn) ~1.1 ~2.2 68 67 61 59
Slide 15: Final Remarks
FINAL REMARKS » Continued strong backlog, with increased coverage extending further out » Stronger earnings visibility, supported by increased forward fixing » Accretive fleet growth and modernization » Reinforced balance sheet and funding flexibility » Resiliently positioned in dynamic container ma
Slide 16: Questions & Answers
QUESTIONS & ANSWERS Q2 2026 Earnings Presentation | 16
Slide 17: Appendix
APPENDIX MPC Container Ships | Q2 2026 Earnings Presentation | 17
Slide 18: Financial and Operational Performance
APPENDIX FINANCIAL AND OPERATIONAL PERFORMANCE PROFIT OR LOSS FINANCIAL KPIs Q2 2026 Q1 2026 Q2 2025 Q2 2026 Q1 2026 Q2 2025 Gross Revenues USD m 116.9 118.9 137.9 Adj. EPS USD 0.09 0.09 0.11 Adj. EBITDA USD m 65.0 67.1 80.7 DPS USD 0.04 0.04 0.05 Adj. Net Profit USD m 39.0 39.9 48.6 Op. Cash Flow U
Slide 19: Continued Good Cash Generation Supports Fleet Renewal and Dividends
APPENDIX CONTINUED GOOD CASH GENERATION SUPPORTS FLEET RENEWAL AND DIVIDE NDS CASH FLOW BRIDGE FOR Q2 2026 USD~52m vessels disposal offset by USD~2m pre- USD~12m upgrades delivery advance USD 9m interest Payment of MPCC’s and regulatory offset by USD~25m paid 18th consecutive TCE of USD 24,951 inves
Slide 20: Charter Backlog Secured in Top Liner Counterparts
APPENDIX CHARTER BACKLOG SECURED IN TOP LINER COUNTERPARTS TOP 10 » 96% of revenue backlog with top 10 liners and cargo-backed CARGO-BACKED 10% » ~3.5 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 21: Overview of Financing Facilities
APPENDIX OVERVIEW OF FINANCING FACILITIES Facility Type Pre-delivery Outstanding 30/06/26 Total capacity Interest rate # Repayment profile Maturity Société Pre- & Post- Yes USD 0.0m USD ~375.0m 150bps + SOFR 10 Quarterly USD 5.2m + USD 166.5m balloon 2038-2039 Generale - HL delivery finance Deutsche
Slide 22: Calculation of Recurring Dividend for Q2 2026
APPENDIX CALCULATION OF RECURRING DIVIDEND FOR Q2 2026 USD million Q2 2026 (unaudited) 1 Operating revenue 116.9 EBITDA 95.4 Profit for the period 69.4 Gains from vessel disposals -30.4 Adjusted profit for the period 39.0 No. of shares outstanding 443.7 Adjusted earnings per share (in USD) 0.09 50%
Slide 23: Condensed Consolidated Statement of Profit or Loss
APPENDIX CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS Q2 2026 Q2 2025 H1 2026 H1 2025 in USD THOUSANDS (unaudited) (unaudited) (unaudited) (unaudited) Operating revenues 116,906 137,876 235,837 264,958 Commissions (2,450) (3,205) (4,941) (6,196) Vessel voyage expenditures (6,428) (5,221) (11,7
Slide 24: Consolidated Statement of Financial Position
APPENDIX CONSOLIDATED STATEMENT OF FINANCIAL POSITION June 30, 2026 December 31, 2025 June 30, 2026 December 31, 2025 In USD thousands In USD thousands (unaudited) (audited) (unaudited) (audited) Equity and Liabilities Assets Equity Non-current Assets Share capital 48,589 48,589 Vessels 917,840 975,
Slide 25: Condensed Consolidated Statement of Cash Flow
APPENDIX CONDENSED CONSOLIDATED STATEMENT OF CASH FLOW H1 2026 H1 2025 In USD thousands H1 2026 (unaudited) H1 2025 (unaudited) In USD thousands (unaudited) (unaudited) Proceeds from disposal of vessels and fixed asset components 52,057 89,590 Profit (loss) before income tax 109,860 137,754 Dry dock
Slide 26: Fleet Employment Overview
APPENDIX FLEET EMPLOYMENT OVERVIEW MPCC Current No Vessel Cluster Charterer Remark Aug-26 Sep-26 Oct-26 Nov-26 Dec-26 Jan-27 Feb-27 Mar-27 Apr-27 May-27 Jun-27 Jul-27 Aug-27 Sep-27 Min / Max Fixture (USD/day) 1 AS SICILIA 1,700 grd MSC 17,000 DD2 Sep-26 / Nov-26 2 AS SELINA1 1,700 grd Maersk A/S 24,
Slide 27: Fleet Employment Overview
APPENDIX FLEET EMPLOYMENT OVERVIEW MPCC Current No Vessel Cluster Charterer Remark Aug-26 Sep-26 Oct-26 Nov-26 Dec-26 Jan-27 Feb-27 Mar-27 Apr-27 May-27 Jun-27 Jul-27 Aug-27 Sep-27 Min / Max Fixture (USD/day) 22 AS CAMELLIA 2,800 gls Maersk A/S 24,000 23,0002 Apr-28 / Aug-28 23 AS COLUMBIA 2,800 gls
Slide 28: Fleet Employment Overview
APPENDIX FLEET EMPLOYMENT OVERVIEW MPCC Current No Vessel Cluster Charterer Remark Aug-26 Sep-26 Oct-26 Nov-26 Dec-26 Jan-27 Feb-27 Mar-27 Apr-27 May-27 Jun-27 Jul-27 Aug-27 Sep-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 da