A.P. Mller Mrsk Q1 2012 Report 16 May 2012 - Conference call 9.30 am CET Webcast available at www.maersk.com
page 2 Forward-looking Statements This presentation contains forward-looking statements. Such statements are subject to risks and uncertainties as various factors, many of which are beyond A.P. Mller - Mrsk A/S control, may cause…
page 3 Executing on Group strategy Profit was USD 1.2bn and ROIC was10.0%. Our financial result for Q1 2012 is not satisfactory when we exclude special items Maersk Line was loss-making due to weak freight rates. Several…
page 4 Group Financial Highlights Q1 2012 Group Financial Highlights Group Financial Highlights USD million Q1-11 Q1-12 2,000 Profit was USD 1,175m (USD 1,163m) 1,500 1,175 Profit excluding divestment gains and one-off tax 1,163…
page 5 Maersk Line Q1 Q1 FY Highlights Q1 2012 (USD million) Diff 2012 2011 2011 Global market share was maintained at the same level as in Q4 Revenue 6,312 5,878 434 25,108 2011 EBITDA -162 779 -941 1,009 Volume increased 18% to…
page 6 Maersk Line Major Developments in Q1 Maersk Line announced a general rate increase on Asia-Europe effective from March almost fully accepted 9% reduction in capacity was implemented by reduction in average speed. The effect…
page 7 Maersk Oil Q1 Q1 FY Highlights Q1 2012 (USD million) Diff 2012 2011 2011 Revenue 2,538 3,073 -535 12,616 Profit was USD 1,293m positively influenced by A one-off tax income of USD 902m from settlement Exploration costs 299…
page 8 APM Terminals Q1 Q1 FY Highlights Q1 2012 (USD million) Diff 2012 2011 2011 Revenue 1,205 1,061 144 4,682 Result supported by through-put growth and EBITDA 274 248 26 1,059 gains of USD 73m from divestment of Maersk Profit…
page 10 Consolidated Financial Information Income statement (USD million) Q1 2012 Q1 2011 Change FY 2011 Revenue 14,316 14,488 -1% 60,230 EBITDA 2,541 4,122 -38% 14,661 Depreciation, etc. 1,255 1,226 2% 5,396 Gain on sale of…
page 11 Development in Net Interest-bearing Debt USD billion 18 2.0 0.9 0.2 15.5 16 15.3 0.2 0.9 14 12 10 8 6 4 2 0 NIBD 2011 EBIT + other non Working Capital Paid taxes CAPEX Financial items NIBD…
page page 12 12 Outlook for 2012 The A.P. Moller - Maersk Group expects a result for 2012 slightly Sensitivities below the level reported in 2011. Cash flow used for capital expenditure is expected to be around the same level as…
page 13 Final remarks Profit for the Group was USD 1.2bn in Q1 2012 supported by divestment gains and one-off factors. Excluding these the result is not satisfactory Maersk Line has taken initiatives to improve the profitability…
page 14 Q & A - To ask a question please press 01 Interim Report Q1 2012
page 15 Appendix Interim Report Q1 2012
page 16 Other core businesses and Strategic investments Maersk Tankers Profit by activity Loweraverage rates across segments and USD million Q1-2011 Q1-2012 overcapacity persists 80 66 NOVA Tankers VLCC pool commenced operation…
page 17 Consolidated Financial Information Income statement (DKK million) Q1 2012 Q1 2011 Change 2011 Revenue 81,250 79,112 3% 322,520 EBITDA 14,422 22,505 -36% 78,506 Depreciation, etc. 7,124 6,692 6% 28,889 Gain on sale of…
page 18 Maersk Oils Share of Production in Qatar Total production and Maersk Oils share from Qatar 000 BOEPD Present production around 300,000 350 boepd is maintained to secure long term sustainability of the reservoir 300…
page 19 Maersk Oil Exploration and Development Maersk Oils pipeline of major field developments Field (Country) Planned Equity Share of production share production start Dunga (Kazakhstan) 2012 60% 15,000 boepd El Merk (Algeria)…
page 20 Maersk Oils Share of Production and Exploration Costs Maersk Oils share of production 000 boepd 500 450 400 350 300 250 200 150 100 50 0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012e DK UK Qatar…
page 21 A.P. Mller - Mrsk A and B shares A. P. Mller - Mrsk Share development Index (Jan 2012=100) Listed on NasdaqOMXC, MAERSK-A (voting right) large cap MAERSK-B (no voting right) 150 140 Market value USD 33bn end of Q1 2012 130…
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