Hapag-Lloyd AG

Investor Presentation • Feb 19, 2020

Investor Presentation Preliminary Results 2019 Hamburg, 19 February 2020

Disclaimer

Forward-looking statements

This presentation contains forward-looking statements that involve a number of risks and uncertainties. Such statements are based on a number of assumptions, estimates, projections or plans that are inherently subject to significant risks, as well as uncertainties and contingencies that are subject to change. Actual results can differ materially from those anticipated in the Company's forward-looking statements as a result of a variety of factors, many of which are beyond the control of the Company, including those set forth from time to time in the Company's press releases and reports and those set forth from time to time in the Company's analyst calls and discussions. We do not assume any obligation to update the forward-looking statements contained in this presentation.

This presentation does not constitute an offer to sell or a solicitation or offer to buy any securities of the Company, and no part of this presentation shall form the basis of or may be relied upon in connection with any offer or commitment whatsoever. This presentation is being presented solely for your information and is subject to change without notice.

All information on FY 2019 financials is preliminary and unaudited.

Stable market growth going forward…

Real GDP Growth vs. Global Container Volume Growth [%]

…and the historically low orderbook of only 10%…

3.3 2008 4.3 61% 38% 5.0 21% 50% 2007 28% 2009 27% 2010 2011 2012 2015 21% 2013 18% 2.5 11% 2014 19% 16% 2016 2.3 13% 2017 6.5 2019 12% 2018 10% YTD 2020 6.0 3.9 3.4 3.6 3.8 3.2 2.8 2.5 Orderbook-to-fleet Newly placed orders [TEU m, %] Vessels > 13,999 TEU Orderbook Share of world fleet 1.2 0.8 2011 2012 2013 2014 2015 2016 2017 2018 2019 YTD 2020 1.8 0.4 2.0 1.1 2.2 0.2 0.8 0.0 Idle fleet [TEU m] [TTEU] Share of world fleet 5.4% 1,359 1,420 417 628 Q4 2016 Q4 2011 Q4 2014 Q4 2012 Q4 2015 Q4 2013 228 Q4 2017 Q4 2018 Q4 2019 595 ^{809 779} increase driven by scrubber retrofits 1,227* 1,384

…combined with an expected increase in scrapping, further indicates a healthier outlook for the industry

Scheduled vessel deliveries [% of world fleet] Scrapping Net capacity growth in 2020e [TEUm] Supply / demand balance Gross capacity Scrapping Slippage growth -1.5% -0.6% 5.8% Net capacity growth Estimated Fleet 'out of service' for scrubber retrofits 3.7% 2015 2016 2017 2018 2019e 2020e 2021e 1.1% 3.3% 2.0% 0.6% 0.9% 1.5% 1.7% 1.7 0.9 1.2 1.3 1.0 1.2 1.2 2015 2016 2017 2018 2019e 2020e 2021e -2 0 2 4 6 8 10 4.5% 3.9% 1.4% 6.3% 2014 2021e 3.2% -0.4% 2015 2019e 8.0% 1.2% 2016 4.8% 3.8% 2017 5.6% 2018 3.7% 0.8% 3.1% 3.7% 3.3% 2020e Demand Supply

Transport volume and freight rates slightly increased YoY, while unit costs slightly below previous year's level

Freight rate [USD/TEU] vs. Bunker price [USD/mt]

We substantially improved operational results and fulfilled our FY 2019 guidance

Major targets going forward continue to remain unchanged

Continue to increase profitability and further deleverage our company

Continuously proactively adjust to changing market conditions

Make sure to pass on higher bunker costs driven by IMO 2020

Think further and continue working on reducing emissions from container shipping

Continue to implement our "Strategy 2023" and create more value for our customers and shareholders as we strive to become number one for quality

Further develop and offer more digitalized solutions to our customers

Hapag-Lloyd Investor Relations Ballindamm 25 20095 Hamburg Tel: +49 (40) 3001-2896 ir@hlag.com https://www.hapag-lloyd.com/en/ir.html