1、A.P.Mller-Mrsk A/SQ4 and FY 2024Investor PresentationForward-lookingstatementsThis presentation contains forward-looking statements.Such statements are subject to risks and uncertainties as various factors,many of which are beyond the control of A.P.Mller-Mrsk A/S(APMM),may cause actual developments

2、 and results to differ materially from the expectations contained in this presentation.Comparative figuresUnless otherwise stated,all comparisons refer to y/y changes.Unless otherwise stated,all figures in parentheses refer to the corresponding figures for the same period prior year.Q4 andFY 2024Hig

3、hlightsHighlights 2024Strong finish to 2024 Strong fourth quarter leading to full-year EBITDA/EBIT of USD 12.1bn/6.5bn with good momentum Third-best financial year in APMM history(best year outside of pandemic-fuelled boom)Clear progress in Logistics&Services with margin improvement(EBIT margin H1 v

4、s H2:2.5%vs 4.6%)Strong operations in Ocean amid Red Sea disruption and strong market demand High performance in Terminals with ROIC of 13.5%For 2025 Gemini:New network launched on Feb 1,2025 Guidance/outlook:Global volume growth for 2025 expected at around 4%,with Maersk to grow in line with market

5、 No imminent indication that Red Sea will re-open in 2025 but likelihood has increased FY2025 underlying EBIT:USD 0-3bn range driven by timing of potential Red Sea re-openingHighlights 2024Dividend proposal and sharebuy-back reinstatement Given the better than expected 2024,the strong balance sheet

6、and outlook for 2025,the APMM Board has decided to:Propose to the AGM on March 18,2025,a dividend ofDKK 1,120 per share for 2024,equivalent to a 40%pay-out in line with dividend policy Re-instate the share buy-back programme of approximately USD 2.0bn to be executed over 12 months Therefore,the tota