Analyst's and Investor's Conference Call 9M 2021

Investor Presentation

9M 2021 Results

Hamburg, 12 November 2021

Opening Remarks

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Current developments

Financials

Market Update

Way forward

9M 2021 driven by continuing strong demand, infrastructure bottlenecks and high freight rates Acquisition of NileDutch completed, voyage cut-over started in October 2021

Agreement signed for a participation in the JadeWeserPort in September 2021

Earnings continued to increase strongly on the back of higher freight rates and transport volumes

Transport expenses increased as a result of supply-chain disruptions and generally higher costs

Balance sheet ratios significantly improved driven by very strong earnings

Demand is expected to slightly outgrow supply in 2021e & 2022e

Supply-chain disruptions likely to persist at least until H1 2022

Vessel order activity slowed down in Q3 2021; orderbook-to-fleet ratio currently at around 22%

Earnings momentum likely to remain strong for the rest of the year

We therefore raised our earnings outlook for FY 2021 on 29 October

Priorities for the next years and Sustainability Strategy to be presented at our vCMD on 17 November

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1 Current developments

Waiting times outside ports and average berth duration increased significantly while terminal productivity decreased…

Average waiting times outside ports Jan 2020 - Sep 2021 [hours]

North America1)	North Europe1)	Asia1)
+301%	+54%
		+146%

Global port operations 9M 2020 vs 9M 2021

14%
9M 2020	9M 2021

Global average berth duration

[hours]

+9%
9M 2020	9M 2021

Global average container moves

[Boxes/berth]

-5%
9M 2020	9M 2021

Global average Terminal gross moves

[Boxes/hour]

3 Source: Company data, based on HL operated vessels 1) Selected ports within region

1 Current developments

… we have therefore implemented many countermeasures to limit the impact on our customers and to improve service quality

We moved capacity to high-demandtrades and optimized our service network further

We re-routedcargo through alternative gate-ways to bypass congested ports

We bought second hand tonnage, chartered additional vessels and deployed extra-loaders

We have ordered additional containers and increased repair and maintenance of older ones

We added workforce, IT capacity and introduced new digital solutions to improve customer satisfaction and service quality

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1 Current developments

We have closed the transaction with NileDutch and will invest in the JadeWeserPort, which will strengthen our offering in Germany

JadeWeserPort

30% stake in Container Terminal Wilhelmshaven (CTW) and 50% stake in Rail Terminal Wilhelmshaven (RTW)

Strengthens position of German ports and reinforces our competitiveness, especially in the Far East trades

Increased flexibility and shorter transit times

Signing in September, closing expected in the following months

NileDutch

Closing of the transaction in July

Successful voyage cut-over started in October

Goal is to fully integrate NileDutch until end of this year

Q3 contribution of approx. 50 TTEU on the African trade

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