Slides
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A.P . Møller - Mærsk A/S Q2 2025 Investor Presentation
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Forward-looking statements
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Q2 2025 highlights
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Highlights Q2 2025 Strong performance in volatile external environment • • • • • • • •
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Operational improvements and proactive cost measures • • • • Ocean Strong execution Logistics & Services Continued margin improvement • • • Terminals Excellent performance • • •
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Segment KPI Targets(1) LTM 2021–2025 Continued strategic progress
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View on supply-demand imbalance in Ocean Delayed Red Sea re-opening and more supportive market demand
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• • • • • • • 2025 financial guidance increased
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Q2 2025 Financial review
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Strong performance and delivery in second quarter • • • • • • •
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Negative free cash flow impacted by capex, capitalised leases and working capital. Net cash flow further impacted by acquisition and SBB • • • • Cash flow bridge for Q2 ‘25, USDm
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Ocean Development in EBIT (USDm) and EBIT margin (%) • • • • • • • -1,000 0 1,000 2,000 3,000 USDm Q2 ‘25 Q1 ‘25 QoQ % Q2 ’24 YoY %
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Ocean | EBITDA remains constant as rate deterioration offset by higher volumes, reduced bunker prices and timing effect of rates
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Ocean | Strong volume performance, deteriorating rates and higher costs • • • • • 2,259 2,427 -6.9% 2,499 -9.6% 2,409 2,539 -5.1% 2,367 1.8% 4,587 4,477 2.5% 4,282 7.1% 3,230 2,931 10% 3,101 4.2%
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Logistics & Services Development in EBIT (USDm) and EBIT margin (%) • • • • USDm Q2 ’25 Q1 ‘25 QoQ % Q2 ’24 YoY % 0 50 100 150 200
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Logistics & Services | Profitable growth in Managed by Maersk • • • • • • • • • • • Freight Management to 21.7% (18.1%). Increases driven by Lead Logistics and Cold Chain Logistics • Fulfilment Services EBITA margin • Transport Services
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Terminals Development in EBIT (USDm) and EBIT margin (%) • • • • • • USDm 0% 5% 10% 15% 20% 25% 30% 35% 40% 0 100 200 300 400 500
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Terminals | Strong performance driven by record-high volume and increased revenue per move, offsetting cost increase 0 50 100 150 200 250 300 350 400 450 500 550 600
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Questions and answers To ask a question, please press “*1” Reminder: ONE question per turn
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Final remarks • • • • •
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Appendix
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• • • • • • • • • • Logistics & Services TerminalsOcean Highlights We carry on with our strategic priorities for 2025
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Financial highlights Q2 2025
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Consolidated financial information
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Consolidated financial information
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Balance sheet and capital allocation
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IR Contact Information & Financial Calendar