MPC Container Ships ASA

Investor Presentation • Nov 26, 2024

November 26, 2024

Q3 2024 EARNINGS CALL

Constantin Baack, CEO Moritz Fuhrmann, Co-CEO and CFO

AGENDA

• 01 Q3 2024 IN REVIEW
• 02 MARKET UPDATE
• 03 COMPANY OUTLOOK

Adj. EBITDA 78.7 USDm

Dividend 44.4 USDm

Backlog 1.2 USDbn

Utilization

97.3

%

Q3 2024 HIGHLIGHTS

FINANCIAL AND OPERATIONAL PERFORMANCE

• » Robust financial and operational performance with high utilization and continuation of low leverage strategy
• » Strong backlog, with 2024 fully booked and coverage for 85% of open days in 2025 and 57% in 2026
• » Successful placement of a USD 125 million senior unsecured sustainability-linked bond and acquisition of 4 x 3,800 TEU eco-vessels¹

MARKET

• » Ongoing geopolitical disruptions and frontloading continue to increase TEU-mile demand
• » Continued charter market strength with limited idle capacity, increased charter periods and strong charter rates

DELIVERING STRONG CAPITAL DISTRIBUTION

• » Quarterly cash dividend of USD 0.10 per share
• » 12th consecutive dividend totaling to USD 937m or more than NOK 21 per share

ROBUST FINANCIAL AND OPERATIONAL PERFORMANCE

		PROFIT OR LOSS					FINANCIAL KPIs
		Q3 2024	Q2 2024	Q3 2023			Q3 2024	Q2 2024	Q3 2023
Gross Revenues	USD m	132.5	130.9	184.0	Adj. EPS	USD	0.13	0.13	0.18
1 Adj. EBITDA	USD m	78.7	78.0	140.4	DPS	USD	0.10	0.10	0.14
Adj. Net Profit 2	USD m	57.5	58.4	68.2	Op. Cash Flow 3	USD m	247.1	171.9	387.8
		BALANCE SHEET					OPERATIONAL KPIs
		Q3 2024	Q2 2024	Q3 2023			Q3 2024	Q2 2024
Total assets	USD m	1,062.3	1,008.2	1,024.4	Adj. Average OPEX4	USD/day	6,859	7,545
Net Debt (net cash) Leverage ratio	USD m	59.1 19.0%	(2.2) 16.6%	72.0 17.0%	Adj. Average TCE 5 Utilization	USD/day	26,334 97.3%	26,742 97.6%	Q3 2023 6,986 27,531 98.7%

1 Reported EBITDA was USD 84.8m in Q3 2024 compared to USD 84.4m in Q2 2024 and USD 140.4m in Q3 2023.

• 2 Reported Net Profit was USD 63.7m in Q3 2024 compared to USD 64.8m in Q2 2024 and USD 68.2m in Q3 2023, see appendix for further details
• 3 Op. cash flow is showing figures for year to date (YTD)

MPC Container Ships | | 4 4 Adj. OPEX per day calculated as reported OPEX - tonnage taxes and reimbursements divided by no. of ownership days 5 Utilization calculated as total trading days including off-hire days related to dry-dockings divided by no. of ownership days

STRONG CASH GENERATION SUPPORTS FLEET RENEWAL AND DIVIDEND STRATEGY

COMMENTS

1) Operating cash flow

• » Total revenues of USD 127m in Q3 2024
• » OPEX of USD 36m and commission of USD 4m

2) Investing cash flow

• » Class renewals, vessel upgrades and regulatory investments of USD 16m
• » Investments in newbuildings and new vessels of USD 97m
• » Proceeds generated from vessel sales USD 22m
• » Proceeds from derivatives and interest received USD 1m

3) Financing cash flow

• » Finance cost of USD 1m
• » Delivery tranche of USD 43m and utilization of pre-delivery finance of USD 4m
• » Scheduled repayments of USD 12m
• » Recurring dividends based on Q2 2024 paid in Q3 2024 of USD 44m

CONTINUE TO PROVIDE SIGNIFICANT SHAREHOLDER RETURNS

31.1 66.6 66.6 62.1 48.8 57.7 44.4 44.4 164.8 57.7 17.7 66.6 13.3 71.0 66.6 57.7 47% DIV. YIELD 2022 ¹ DIVIDEND DISTRIBUTIONS USD million 43% DIV. YIELD 2023 ¹ Event-driven Recurring 36% DIV. YIELD YTD 2024 ² 2021 Q4 0.95 0.95 2022 2023 2024 Total 16.59 4.74 21.33 710 227 937

Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q4 2021 Q3 2024 Q1 2022 Q2 2022 Q3 2022 Total

1 Dividend yield 2022 calculated as total dividends paid from January 2022 to December 2022 divided by opening share price on Jan 3, 2022, of NOK 24.75/share and Dividend yield 2023 calculated as total dividends paid from January 2023 to December 2023 divided by opening share price on Jan 2, 2023, of NOK 16.30/share

PERIOD RECURRING

Q3²

DPS

Q1 1.30 3.30 4.60

Q2 1.57 0.42 1.98

Q3 1.58 0.30 1.87

Q4 1.58 1.58

Q1 1.59 0.72 2.32

Q2 1.61 1.61

Q3 1.52 1.52

Q4 1.37 1.37

Q1 1.37 1.37

Q2 1.05 1.05

1.10 1.10

EVENT-DRIVEN DPS

TOTAL (NOK)

Q3 2024 Earnings Presentation

MPC Container Ships | | 2 Dividend yield YTD 2024 calculated as dividends declared since January 2024 divided by opening share price on Jan 2, 2024, of NOK 13.50/share. DPS of USD 0.10 to be paid on December 19, 2024, estimated to NOK 1.10 per share based on FX rate of 11.00

STRATEGICALLY UTILIZING THE STRONG CHARTER MARKET TO INCREASE EARNINGS BACKLOG AND CASHFLOW VISIBILITY

MPC Container Ships | Note: See Employment Overview in the appendix for further details. Excluding short-term interim fixtures and Dry-Dock positioning voyages. | 7 Q3 2024 Earnings Presentation

FLEET RENEWAL STRATEGY IN EXECUTION

S&P ACTIVITY YTD

COMPLETED ACQUISITION AND TAKE-OVER OF 4 x 3,800 TEU 2

1 Trading days are defined as the cumulative number of days until the end of the useful life of the vessels based on 25 years. Thus, due to the younger age of the vessels acquired than sold, the total cumulative days until the end of the useful life of the acquired vessels are higher than for the vessels sold

Q3 2024 Earnings Presentation

MPC Container Ships | | 8 2 Vessels to be renamed as follows: Livorno Express to AS Natalie, Detroit Express to AS Nele, Genoa Express to AS Nanne and Barcelona Express to AS Ninette after conclusion of current charter 3 Charter Hire per day per rata

FOCUS ON SUSTAINABILITY AS A STRATEGIC PRIORITY FOR VALUE CREATI ON

KEY DEVELOPMENTS YTD 2024

• Fleet in full compliance with EEXI, CII, and ETS regulations
• Secured Green Loan financing for dual-fuel methanol newbuildings
• USD 125m senior unsecured sustainability-linked bond raised
• Completed Double Materiality Assessment
• Preparing for reporting in alignment with CSRD for FY 2024 (1 year before required)
• Updated 2030 Climate target

INVESTING INTO FLEET RENEWAL & OPTIMIZATION

• Dual-fuel methanol newbuilding, NCL Vestland, to be delivered in December
• Comprehensive Dry-docking schedule progressing as planned
• Extensive retrofit program incl. joint investments with charter customers, showing significant savings

AGENDA

01 Q3 2024 IN REVIEW

02 MARKET UPDATE

03 COMPANY OUTLOOK

DISRUPTIONS AND FRONTLOADING KEEP TEU-MILE DEMAND AT RECORD LEVELS

THE GREATEST SURGE AND THE SHARPEST FALL RISING CONTAINER TRADE AND FREIGHT RATES

• » Red Sea disruptions are estimated to increase global shipping demand by ~3% (if disruptions continue across 2025-26), with container traffic seeing a significant +12% rise in TEU-mile demand.
• » Any normalization of trade patterns could reduce vessel demand.

• » Freight rates, which surged in mid-2024, have since been on a downward trend, nevertheless, rates remain twice as high as the levels seen before the Red Sea crisis last year.
• » The underlying core trade demand growth is currently estimated by Maritime Strategies International (MSI) at 5.3% during 2024, a slight increase from previous projections.

HISTORICALLY ELEVATED CHARTER RATES AND ASSET VALUES

» Charter Market activity declined in Q3 of 2024, partly due to reduced availability of tonnage. This prompted an increase in forward fixing of vessels as prompt tonnage became scarcer.

• » Time charter rates mostly moved sideways, and rate levels are still very healthy with the HARPEX at levels last seen in September 2022.
• » Secondhand prices followed this trend. The market remained busy, and prices are well above the previous quarters' levels.

LONGER CHARTER PERIODS COMBINED WITH STABLE, STRONG CHARTER RATE S

» The average duration of fixtures for vessels below 5.1k TEU increased to an average of 16.7 months in the end of Q3, representing an increase of 36% QoQ.

…AND CHARTER RATES STABILIZED

• » During the summer holiday season, activity decreased, yet markets remained firm.
• » Weekly changes in time-charter rates are more moderate and sentiment is still solid, hence no softening of market terms should be expected during Q4.

ORDERBOOK REMAINS SKEWED TOWARDS LARGEST SEGMENTS

AGE STRUCTURE OF FLEET AND ORDERBOOK BY NUMBER OF VESSELS

» In the segments from 1,000 TEU to 8,000 TEU, an orderbook of 205 vessels is facing a rapidly ageing fleet of 891 units, which are already 20 years or older.

DESPITE STRONG EXPANSION, THE CONTAINER FLEET REMAINS FULLY EMPLOYED

• » Despite capacity growth of 31% from Jan 2020 until today, less than 1% of capacity is reported as commercially idle.
• » Currently the NOO fleet is effectively fully employed which shows the impact of the Red Sea rerouting, strong demand growth and congestions.
• » The capacity tied up in congestions is continuously increasing and is currently at 7%.

LESS THAN 1% OF CAPACITY IS IDLE… …AND FORWARD AVAILABILITY HAS DROPPED SIGNIFICANTLY

• » Forward availability has declined during 2024, indicating that the market has become tighter and reflecting an increase in contract duration.
• » Going forward, the Red Sea situation will continue to play a key role for the demand supply balance.
• » The impact of the U.S. election remains uncertain and the key question is development of tariffs.

AGENDA

• 01 Q3 2024 IN REVIEW
• 02 MARKET UPDATE
• 03 COMPANY OUTLOOK

ROBUST BACKLOG PROVIDES EARNINGS VISIBILITY

FIXED OPERATING DAYS AND CHARTER BACKLOG / PROJECTED EBITDA 1, 2, 3

CHARTER BACKLOG DEVELOPMENT AND COUNTERPARTIES

» 2.3 years average remaining contract duration

UPCOMING CHARTER POSITIONS AND OPEN RATE SENSITIVITY

NUMBER OF FIXED AND UPCOMING VESSELS ¹ FY 24 FY 25 FY 26 61 62 Open vessels Fixed vessels Q1 25 Q2 25 Q3 25 Q4 25 FY 25

OPEN RATE SENSITIVITY

187

STRONG EXECUTION TRACK RECORD POSITIONING FOR FURTHER VALUE CREATION

1 Forward looking. As of 1st of December 2024. Including AS Claudia and recently acquired fleet of 4x 3,800 TEU Eco Vessels

MPC Container Ships | | 2 Please refer to vessel classification in the Employment Overview in the Appendix. Excluding AS Paola, vessel sold subject to successful handover and including Newbuildings.

Q3 2024 Earnings Presentation

19

OUTLOOK & SUMMARY

Robust financial and operational performance and continuation of our low leverage strategy

Executing on fleet renewal strategy, enhancing value whilst remaining committed to shareholder returns

Strong market with increasing contract durations and solid rates, but uncertain geopolitical and macro-outlook

Strong revenue backlog of USD 1.2bn and contract coverage for 85% of open days remaining in 2025 and 57% in 2026

Raised FY 2024 financial guidance to revenues of USD 525m-535m and EBITDA of USD 345m-355m1

MPC Container Ships | | Q3 2024 Earnings Presentation ^{20 1} FY 2024 guidance subject to certain assumptions. Previous Guidance: Revenues USD 510m-520m and EBITDA USD 335m-350m

QUESTIONS & ANSWERS

APPENDIX

FIXTURES INCREASE BACKLOG OF REVENUES TO USD 1.2BN & EBITDA TO USD 0.8BN

RECENT NEW FIXTURES

#	FIXTURE DATE	VESSEL	TEU	CHARTERER	CHARTER RATE (USD /D)	PERIOD (MONTHS)	MIN PERIOD	MAX PERIOD
1	Sep 24	AS ANNE	2200 grd eco	OOCL	25,500	23 - 25	Nov 26	Jan 27
2	Sep 24	AS PAMELA	2500 grd	Evergreen	26,500	27 - 29	Mar 27	Apr 27
3	Sep 24	AS FRANZISKA	1300 grd	Maersk A/S	17,000	4.9 - 6.4	May 25	Jun 25
4	Sep 24	AS SVENJA	1700 grd	CMA CGM	21,000	4 – 4.5	Feb 25	Feb 25
5	Oct 24	BARCELONA EXPRESS	3800 grd	Hapag-Lloyd	33,250	35 - 38	Mar 28	Jun 28
6	Oct 24	GENOA EXPRESS	3800 grd	Hapag-Lloyd	33,250	35 - 38	Mar 28	Jun 28
7	Oct 24	LIVORNO EXPRESS	3800 grd	Hapag-Lloyd	33,250	35 - 38	Mar 28	Jun 28
8	Oct 24	DETROIT EXPRESS	3800 grd	Hapag-Lloyd	33,250	35 - 38	Mar 28	Jun 28
9	Oct 24	AS NINA	3500 gls	Maersk A/S	30,000	28 - 30	Jul 27	Sep 27

OVERVIEW OF FINANCING FACILITIES

		Outstanding
Facility	Type	30/09/24	Total capacity	Interest rate	#	Repayment profile	Maturity
HCOB	RCF	USD 0m	USD 93.4m	295bps + SOFR	13	Commitment will be reduced starting in Mar 2024 – Dec 2027	Dec. 2027
CA-CIB	Post-delivery finance	USD 98.6m	USD ~101m	175 – 275bps + SOFR	2	48x USD 1.1m + 8x USD 2.4m, 4x USD 1.4m, followed by subsequent instalments (to be agreed by borrower and lender)	Q2 2031
Ostfriesische Volksbank 1 (OVB)	Term Loan	USD 3.7m	USD 8.3m	350bps + SOFR	1	quarterly installments of USD 0.37m	Feb. 2027
HCOB Ecofeeder	Term Loan	USD 46.5m	USD 50m	280bps + SOFR	5	20 x quarterly installments of USD 1.2m + USD 26m balloon	Oct. 2028
BoComm	Sale & Lease back	USD 42.8m	USD 75m	260bps + SOFR	10	1x monthly installments of USD 1.9m, 12x USD 1.1m, 24x USD 0.3m + USD 26.2m balloon	Sep. 2027
Deutsche Bank	Pre- & Post- delivery finance	USD 15.6m	USD ~54.5m	230bps + SOFR	2	23 x semi-annual installments of 3.33% + 23.34% balloon	2036
First Citizen Bank	Term Loan	USD 0m	USD 30.0m	195bps + SOFR	2	15 x quarterly installments of USD 1.5m + USD 7.5m balloon	Oct. 2028
Nordic HY Bond	Senior unsecured sustainability linked	USD 0m	USD 125m (Total Capacity USD 200m)	737.5bps	n/a	n/a	Oct. 2029

CALCULATION OF RECURRING DIVIDEND FOR Q3 2024

USD million	Q3 2024 1 (unaudited)
Operating revenue	132.5
EBITDA	84.8
Profit for the period	63.7
Adjustment related to vessel sales	-6.2
Adjusted profit for the period	57.5
No. of shares outstanding	443.7
Adjusted earnings per share (in USD)	0.13
75% declared as recurring dividend per share (in USD)	0.10
Recurring dividend in USD million	44.4

CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS

In USD thousands	Q3 2024	Q3 2023	YTD 2024	YTD 2023
	(unaudited)	(unaudited)	(unaudited)	(unaudited)
Operating revenues	132,467	183,962	410,909	558,452
Commissions	(3,477)	(5,084)	(11,231)	(15,635)
Vessel voyage expenditures	(6,189)	(2,299)	(13,469)	(8,595)
Vessel operation expenditures	(36,902)	(41,652)	(113,061)	(114,010)
Ship management fees	(2,496)	(2,581)	(7,274)	(7,364)
Share of profit or loss from joint venture	(30)	12,364	(408)	22,632
Gross profit	83,373	144,710	265,466	435,480
Administrative expenses	(4,608)	(4,561)	(13,294)	(11,051)
Other expenses	(514)	(455)	(1,678)	(1,744)
Other income	2,194	690	4,297	2,076
Gain (loss) from sale of vessels	4,392	-	10,593	-
Depreciation	(19,361)	(42,528)	(54,626)	(82,743)
Held for sale loss/impairment	-	(26,060)	-	(44,451)
Operating profit	65,476	71,796	210,758	297,567
Finance income	2,398	1,466	6,605	4,475
Finance costs	(4,158)	(4,930)	(12,659)	(12,467)
Profit (loss) before income tax	63,716	68,332	204,704	289,575
Income tax expenses	(22)	(93)	255	(186)
Profit (loss) for the period	63,694	68,239	204,959	289,389
Attributable to:
Equity holders of the Company	63,728	68,207	204,947	289,256
Minority interest	(34)	32	12	133
Basic earnings per share – in USD	0.14	0.15	0.46	0.65
Diluted earnings per share – in USD	0.14	0.15	0.46	0.65

CONSOLIDATED STATEMENT OF FINANCIAL POSITION

in USD thousands	September 30, 2024	Dec. 31, 2023
	(unaudited)	(audited)
ASSETS
Non-current Assets
Vessels	829,574	691,291
Newbuildings	42,677	78,980
Right-of-use asset	310	84
Investments in associate and joint venture	6,531	2,934
Total non-current assets	879,092	773,289
Current Assets
Vessel held for sale	-	25,165
Inventories	6,512	8,088
Trade and other receivables	32,809	23,667
Financial instruments at fair value	842	1,951
Restricted cash	8,710	5,005

TOTAL ASSETS	1,062,322	954,744
Total current assets	183,230	181,455
Cash and cash equivalents	134,357	117,579
Restricted cash	8,710	5,005

in USD thousands	September 30, 2024 (unaudited)	Dec. 31, 2023 (audited)
EQUITY AND LIABILITIES
Equity
Share capital	48,589	48,589
Share premium	1,879	1,879
Retained earnings	745,236	700,021
Other reserves	(641)	(843)
Non-controlling interest	3,590	3,835
Total equity	798,653	753,481

Total non-current liabilities	148,032	93,699
Deferred tax liabilities	-	748
Lease liabilities -long-term	134	-
Non-current Interest-bearing debt	147,898	92,951
Non-current liabilities

Current liabilities
Current interest-bearing debt	54,266	33,564
Trade and other payables	12,179	20,397
Related party payables	357	21,459
Income tax payable	754	289
Deferred revenues	28,232	35,230
Other liabilities	19,849	17,022
Total current liabilities	115,637	107,564
TOTAL EQUITY AND LIABILITIES	1,062,322	954,744

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOW

	YTD 2024	YTD 2023
in USD thousands	(unaudited)	(unaudited)
Profit (loss) before income tax	204,704	289,575
Income tax expenses paid	-	(503)
Net change inventory and trade and other receivables	(7,820)	(2,543)
Net change in trade and other payables and other liabilities	5,887	(9,321)
Net change in deferred revenues	(6,998)	68
Depreciation	54,626	82,897
Finance costs (net)	6,054	7,991
Share of profit (loss) from joint venture	408	(22,632)
Impairment	-	44,451
(Gain) loss from sale of vessels and fixed assets	(8,787)	-
Amortization of TC contracts	(1,012)	(2,148)
Cash flow from operating activities	247,062	387,835

Cash flow from investing activities	(133,473)	(189,379)
Investment in associate	(4,005)	(404)
Dividend received from joint venture investment	-	41,000
Interest received	4,175	2,169
Acquisition of vessels	(47,280)	(169,376)
Newbuildings	(122,995)	(27,075)
Scrubbers, dry dockings and other vessel upgrades	(35,539)	(35,693)
Proceeds from disposal of vessels	72,171	-

in USD thousands	YTD 2024	YTD 2023
	(unaudited)	(unaudited)
Dividends paid	(159,989)	(231,016)
Additions from non-controlling interest	-	541
Proceeds from debt financing	108,340	125,303
Repayment of long-term debt	(30,673)	(104,644)
Payment of principal of leases	(144)	(148)
Interest paid	(6,798)	(9,184)
Debt issuance costs	(3,648)	(2,005)
Other finance paid	(549)	-
Cash from /(to) financial derivatives	327	(1,017)
Cash flow from financing activities	(93,134)	(222,169)

Restricted cash, cash & cash equiv. at end of the period	143,067	101,804
Restricted cash, cash & cash equiv. at beginning of the period	122,584	125,517
Net foreign exchange difference	28
Net change in cash and cash equivalents	20,455	(23,713)

SLIDE 17: ROBUST BACKLOG PROVIDES EARNINGS VISIBILITY

• 1. Underlying min/max periods for contracted charter based on management assessment. Contracted Revenue and Projected EBITDA not including IFRS adjustments
• 1. Revenues / Periods / TCE's / costs in good faith, but indicative only and subject to changes. Fixed revenue and days as of November 25, 2024.
• 1. Revenue and TCE not including IFRS amortization of time charter carry
• 1. Projected EBITDA based on contracted revenue (consolidated fleet) reduced by operating costs of USD 8,220 per day and vessel (incl. voyage expenditures / OPEX / G&As / Shipman)
• 1. Subject to redelivery of vessels (agreed min. / max. periods of charter contract)
• 1. Contracted forward TCE based on revenue divided by fixed operating days
• 1. Ranking based on list of 100 largest container/ liner operators by Alphaliner

SLIDE 18: UPCOMING CHARTER POSITIONS AND OPEN RATE SENSITIVITY

• 1. Upcoming vessels based on the minimum period. NCL Vestland to be delivered at the end of Q4 2024 and AS Paola still included in Q4 2024. NCL Nordland to be delivered during Q1 2025. Q1 2025 numbers excl. AS Paola assuming successful handover.
• 1. 10-Y Historical average of with USD ~16,270/day and current market rates of ~24,600/day based on monthly average 6-12 months TC rates from Clarksons Research as of October 2024. Rates are weighted averages based on size and number of vessels
• 1. Illustrative operating revenue earnings scenarios, no forecasts, assuming upcoming fixtures at above shown rates. Based on 97% utilization
• 1. Illustrative net profit scenarios, no forecasts, assuming operating costs of USD 8,510 per day and vessel, USD 150m of depreciation and net finance costs
• 1. Based on MPCC share price as of November 25, 2024 of NOK 23.15/share and USD/NOK 11.00

OVERVIEW OF COUNTERPARTIES

Q3 2024 Earnings Presentation For detailed footnotes, please refer to slide 29 30

FLEET EMPLOYMENT OVERVIEW

No	Vessel	Cluster	Charterer	Remark	MPCC Current Fixture (USD/day)	Nov-24 Dec-24	Jan-25	Feb-25	Mar-25	Apr-25	May-25	Jun-25 Jul-25	Aug-25	Sep-25	Oct-25	Nov-25	Dec-25	Min / Max
1	AS PAOLA1	2500 grd	CMA CGM		28,900						DD2							Nov-24 / Dec-24
2	AS FENJA	1200 gls	COSCO		13,800		DD2											Jan-25 / Jan-25
3	AS ANITA	2000 gls	COSCO		18,000													Jan-25 / Feb-25
4	AS SVENJA	1700 grd	CMA CGM	Retrofit	21,000			DD2										Feb-25 / Feb-25
5	AS ALEXANDRIA	2000 gls	SCI		13,500													Feb-25 / Apr-25
6	AS FLORIANA	1300 gls	CFS		27,750													Feb-25 / Apr-25
7	AS FREYA	1300 grd	Maersk		28,000													Feb-25 / Apr-25
8	AS PENELOPE	2500 gls	Hapag-Lloyd		16,950									DD2				Mar-25 / Jun-25
9	AS NORA	3500 grd	CMA CGM	Retrofit	40,000													Apr-25 / Jun-25
10	AS FRANZISKA	1300 grd	Maersk		17,000													May-25 / Jun-25
11	AS FABIANA	1300 grd	Maersk		29,500													May-25 / Jul-25
12	SEVILLIA	1700 grd	Samudera		15,0003													May-25 / Jul-25
13	AS ANGELINA	2000 grd	Maersk		36,500													Aug-25 / Oct-25
14	AS SERENA	1700 grd	Maersk		20,300													Aug-25 / Nov-25
15	AS SIMONE	1700 grd eco	Maersk	Retrofit	18,2654													Sep-25 / Sep-26
16	AS SOPHIA	1700 grd	Maersk		38,000													Sep-25 / Nov-25
17	AS SILJE	1700 grd eco	Maersk	Retrofit	17,7864													Oct-25 / Oct-26
18	AS SABINE	1700 grd eco	Maersk	Retrofit	18,4204													Nov-25 / Nov-26
19	AS STINE	1700 grd eco	Maersk	Retrofit	18,8074		DD2											Dec-25 / Dec-26
20	AS FILIPPA	1300 grd	CMA CGM		13,500													Jan-26 / Mar-26
21	AS FABRIZIA	1300 grd	King Ocean		11,000													Feb-26 / Apr-26
22	AS CYPRIA	2800 gls	Hapag-Lloyd		16,825						18,500							Feb-26 / Apr-26
23	AS FLORETTA	1300 grd	Crowley		16,800													Mar-26 / May-26
24	AS FELICIA	1300 grd	ZISS		24,000													Mar-26 / May-26
25	AS FIORELLA	1300 grd	COSCO		15,000													Apr-26 / Jun-26

Min. period Max. period

Sold – to be handed over after re-delivery in Q4 24

Scheduled commencement of dry-docking. Actual timing depends, inter alia, on yard capacity and charter commitments

First year at USD 65,000, thereafter one year at USD 40,000 and then USD 15,000 for the remaining period

Index-linked charter rate with a floor of USD 8,750 and a ceiling of USD 14,500 - 50/50 profit share for all assessed rates between USD 17,000 and USD 35,000

FLEET EMPLOYMENT OVERVIEW

No	Vessel	Cluster	Charterer	Remark	MPCC Current Fixture (USD/day)	Nov-24	Dec-24	Jan-25	Feb-25	Mar-25	Apr-25	May-25	Jun-25 Jul-25	Aug-25 Sep-25	Oct-25	Nov-25	Dec-25	Min / Max
26	AS PATRIA	2500 grd	KMTC		25,0001			DD2					15,500					Mar-26 / Jul-26
27	AS CARELIA	2800 gls	Hapag-Lloyd		19,500													Apr-26 / Jun-26
28	AS ALVA	2000 grd	MSC		15,500													Apr-26 / Jun-26
29	AS CARLOTTA	2800 grd	ONE		25,500													May-26 / Jun-26
30	AS CLEMENTINA	2800 gls	Unifeeder	Retrofit	21,178													May-26 / Jul-26
31	STADT DRESDEN	2800 gls	Hapag-Lloyd		19,500													Jun-26 / Sep-26
32	AS CHRISTIANA	2800 grd	Sea Consortium		26,800													Jul-26 / Aug-26
33	AS PIA	2500 grd	Maersk	Retrofit	45,7503													Aug-26 / Jan-27
34	AS COLUMBIA	2800 gls	Sea Consortium		15,500		Maersk –	24,000/ DD2										Sep-26 / Oct-26
35	AS CONSTANTINA	2800 gls	COSCO		26,500							DD2						Sep-26 / Nov-26
36	AS CALIFORNIA	2800 gls	MSC		17,750		Maersk –	24,000										Sep-26 / Nov-26
37	AS SICILIA	1700 grd	MSC		17,000													Sep-26 / Nov-26
38	AS SAVANNA	1700 grd	Technical (DD)	Retrofit		Maersk –	12,5004											Sep-26 / Nov-26
39	AS CAMELLIA	2800 gls	Maersk		24,000													Oct-26 / Dec-26
40	AS CLAUDIA	2800 gls	Hapag-Lloyd		16,000		19,500											Oct-26 / Jan-27
41	AS PALINA	2500 HR grd	Maersk	Retrofit	45,7505													Oct-26 / Apr-27
42	AS SABRINA	1700 grd	Technical (DD)	Retrofit		Maersk –	12,5004											Nov-26 / Jan-27
43	AS SELINA	1700 grd	Maersk		12,5004													Nov-26 / Jan-27
44	AS SAMANTA	1700 grd	Positioning	Retrofit	12,5004	DD2												Nov-26 / Jan-27
45	AS ANNE	2200 grd eco	CMA CGM		17,250													Nov-26 / Jan-27
46	AS CAROLINA	2800 gls	ZISS		41,000													Nov-26 / Jan-27
47	AS PETRONIA	2500 HR grd	Maersk	Retrofit	45,7505													Nov-26 / May-27
48	AS SARA	1700 grd	Maersk	Retrofit	35,000		DD2		12,5004									Feb-27 / Apr-27
49	AS PAMELA	2500 grd	COSCO		37,500	DD2												Mar-27 / Apr-27
50	AS CASPRIA	2800 gls	ZISS		40,700													Mar-27 / May-27

First year at USD 70,000, next year at USD 55,000, thereafter one year at USD 25,000 and then USD 15,500 for the remaining period

Min. period Max. period

Scheduled commencement of dry-docking. Actual timing depends, inter alia, on yard capacity and charter commitments

As of 29.08.2025 the charter rate will change to an index-linked scheme with a floor of USD 10,500 and a ceiling of USD 16,000, the charter also includes a Scrubber savings sharing mechanism in favour of MPCC

Contracted base rate, index-linked scheme with a floor of USD 12,500 and a ceiling of USD 20,000

As of 21.10.2025 the charter rate will change to an index-linked scheme for AS Palina and as of 19.11.2025 for AS Petronia with a floor of USD 11,000 and a ceiling of USD 17,000, the charter also includes a Scrubber savings sharing mechanism in favour of MPCC

FLEET EMPLOYMENT OVERVIEW

No	Vessel	Cluster	Charterer	Remark	MPCC Current Fixture (USD/day)	Nov-24	Dec-24	Jan-25	Feb-25	Mar-25	Apr-25	May-25	Jun-25	Jul-25	Aug-25	Sep-25	Oct-25	Nov-25	Dec-25	Min / Max
51	AS SUSANNA	1700 grd	ONE		39,990					DD1 / 18,000										Mar-27 / Jun-27
52	AS NURIA	3500 gls	Maersk A/S	Retrofit	25,150															Jun-27 / Aug-27
53	AS NARA	3500 gls	Maersk A/S		25,150	DD1														Jul-27 / Sep-27
54	AS NINA	3500 gls	Maersk A/S		18,250					Maersk –	30,000	DD1								Jul-27 / Sep-27
55	LIVORNO EXPRESS2	3800 grd	Hapag-Lloyd	Eco	16,700							Hapag-Lloyd –		33,2503						Mar-28 / Jun-28
56	DETROIT EXPRESS2	3800 grd	Hapag-Lloyd	Eco	16,700							Hapag-Lloyd –		33,2503						Mar-28 / Jun-28
57	GENOA EXPRESS2	3800 grd	Hapag-Lloyd	Eco	16,700							Hapag-Lloyd –		33,2503						Mar-28 / Jun-28
58	BARCELONA EXPRESS2 3800 grd		Hapag-Lloyd	Eco	16,700							Hapag-Lloyd –		33,2503						Mar-28 / Jun-28
59	MACKENZIE	5,500 grd	ZISS	Eco	70,0004															Jun-31 / Jul-31
60	COLORADO	5,500 grd	ZISS	Eco	70,0004															Jul-31 / Sep-31
61	H2530	1,300 gls	Unifeeder	Dual-Fuel Methanol										Charter rate of EUR 17,750 per day						Dec-33 / Dec-33
62	NCL VESTLAND	1,300 grd	NCL	Dual-Fuel Methanol				16,3005												May-39 / Sep-39
63	NCL NORDLAND	1,300 grd	NCL	Dual-Fuel Methanol					16,3005											Aug-39 / Dec-39

Min. period Max. period Under construction

Scheduled commencement of dry-docking. Actual timing depends, inter alia, on yard capacity and charter commitment

Livorno Express to be renamed to AS Natalie, Detroit Express to be renamed to AS Nele, Genoa Express to be renamed to AS Nanne and Barcelona Express to be renamed to AS Ninette

New charter with Hapag-Lloyd beginning on 01.05.2025 for Livorno Express, Detroit Express, Genoa Express and Barcelona Express

Avg. Rate of USD 39,000 (first two years USD 70,000, the third year USD 45,000 and for the remaining four years USD 21,565)

NCL - base charter rate of 16,300 EUR per day increasing by 1.1% each year on January 1st

DISCLAIMER

This presentation (the "Presentation") has been prepared by MPC Container ships ASA (the "Company") for information purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein.

Please note that no representation or warranty (express or implied) is made as to, and no reliance should be placed on, any forward-looking statements, including projections, estimates, targets and opinions, contained herein. To the extent permitted by law, the Company, its parent or subsidiary undertakings and any such person's officers, directors, or employees disclaim all liability whatsoever arising directly or indirectly from the use of this Presentation. This Presentation contains certain forward-looking statements relating to the business, financial performance and results of the Company and/or the industry in which it operates. Forward-looking statements concern future circumstances, not historical facts and are sometimes identified by the words "believes", expects", "predicts", "intends", "projects", "plans", "estimates", "aims", "foresees", "anticipates", "targets", and similar expressions. The forwardlooking statements contained in this Presentation (including assumptions, opinions and views of the Company or opinions cited from third party sources) are subject to risks, uncertainties and other factors that may cause actual events to differ materially from any anticipated development. None of the Company, any of its parent or subsidiary undertakings or any such person's officers, directors, or employees provides any assurance that the assumptions underlying such forward-looking statements are free from errors, nor does any of them accept any responsibility for the future accuracy of the opinions expressed in this Presentation or the actual occurrence of the forecasted developments described herein.

The Presentation contains information obtained from third parties. Such information has been accurately reproduced and, as far as the Company is aware and able to ascertain from the information published by that third party, no facts have been omitted that would render the reproduced information to be inaccurate or misleading in any material respect.

An investment in the company involves risk. several factors could cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements that may be predicted or implied by statements and information in this presentation, including, but not limited to, risks or uncertainties associated with the company's business, development, growth management, financing, market acceptance and relations with customers and, more generally, economic and business conditions, changes in domestic and foreign laws and regulations, taxes, changes in competition and pricing environments, fluctuations in currency exchange and interest rates and other factors. should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, the actual results of the company may vary materially from those forecasted in this presentation.

By attending or receiving this Presentation recipients acknowledge that they will be solely responsible for their own assessment of the Company and that they will conduct their own analysis and be solely responsible for forming their own view of the potential future performance of the Company and its business.

The distribution of this Presentation may, in certain jurisdictions, be restricted by law. Persons in possession of this Presentation are required to inform themselves about and to observe any such restrictions. No action has been taken or will be taken in any jurisdiction by the Company that would permit the possession or distribution of any documents or any amendment or supplement thereto (including but not limited to this Presentation) in any country or jurisdiction where specific action for that purpose is required.

In relation to the United States and U.S. Persons, this Presentation is strictly confidential and may only be distributed to "qualified institutional buyers", as defined in Rule 144A under the U.S. Securities Act of 1933, as amended (the "US Securities Act"), or "QIBs". The recipient of this presentation is prohibited from copying, reproducing or redistributing the Presentation. The shares of the Company have not and will not be registered under the U.S. Securities Act or any state securities law and may not be offered or sold within the United States unless an exemption from the registration requirements of the U.S. Securities Act is available. Accordingly, any offer or sale of shares in the Company will only be made (i) to persons located in the United States, its territories or possessions that are QIBs in transactions meeting the requirements of Rule 144A under the U.S. Securities Act and (ii) outside the United States in "offshore transactions" in accordance with Regulations S of the U.S. Securities Act. Neither the U.S. Securities and Exchange Commission, nor any other U.S. authority, has approved this Presentation.

This Presentation is being communicated in the United Kingdom to persons who have professional experience, knowledge and expertise in matters relating to investments and who are "investment professionals" for the purposes of article 191 of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 and only in circumstances where, in accordance with section 861 of the Financial and Services Markets Act 2000 ("FSMA"), the requirement to provide an approved prospectus in accordance with the requirement under section 85 FSMA does not apply.

The contents of this Presentation shall not be construed as legal, business, or tax advice. Recipients must conduct their own independent analysis and appraisal of the Company and the Shares of the company, and of the data contained or referred to herein and in other disclosed information, and risks related to an investment, and they must rely solely on their own judgement and that of their qualified advisors in evaluating the Company and the Company's business strategy.

This Presentation reflects the conditions and views as of the date set out on the front page of the Presentation. The information contained herein is subject to change, completion, or amendment without notice. In furnishing this Presentation, the Company undertake no obligation to provide the recipients with access to any additional information.

This Presentation shall be governed by Norwegian law. Any dispute arising in respect of this Presentation is subject to the exclusive jurisdiction of the Norwegian courts with the Oslo City Court as legal venue.