Wilh. Wilhelmsen ASA

Investor Presentation • Sep 17, 2015

Wilh. Wilhelmsen Holding ASA Capital Markets Day 2015

Thomas Wilhelmsen, group CEO

17 September 2015

Disclaimer

This presentation may contain forward-looking expectations which are subject to risk and uncertainties related to economic and market conditions in relevant markets, oil prices, currency exchange fluctuations etc. Wilh. Wilhelmsen Holding group undertake no liability and make no representation or warranty for the information and expectations given in the presentation.

Wilh. Wilhelmsen Holding A global provider of maritime related services, transportation and logistics solutions

WILH. WILHELMSEN HOLDING ASA
WILH. WILHELMSEN ASA (~72.7%)	WILHELMSEN MARITIME SERVICES	HOLDING AND INVESTMENTS
Car/ro-ro shipping Logistics services	Ships service Ship management Technical solutions	Energy Infrastructure Financial investments
WWL (50%)	WSS (100%)	NorSea Group (40%)
EUKOR (40%)	WSM (100%)	WGS (70,6% 2))
		Qube (~6.3%)
ASL (50%)	WTS 1) (100%)	WWH investment portfolio
Hyundai Glovis (~12.0%)	1) Including Callenberg AB 2) Including indirect shareholding through NorSea Group

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Wilh. Wilhelmsen Holding

Long term value creation – consistent positive results/EPS

Profit after minorities - excl. main non-recurring items and unrealized interest rate derivatives

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Wilh. Wilhelmsen Holding History of consistent yearly dividend paid twice annually

1) Yield calculated based on previous year median closing price for WWI and WWIB share

Wilh. Wilhelmsen Holding Long term shareholder return

Compounded average growth rate (CAGR) 2)

• 15 yr CAGR 11%
• 10 yr CAGR -1%

• 5 yr CAGR 9%

• 1) Monthly total returns since 2 January 1996 (dividend re-invested)

• 2) Annual as per 31 August 2015

Source: Blommberg

Wilh. Wilhelmsen Holding A bet on the world economy and merchandise trade 1)

Wilh. Wilhelmsen Holding A balanced exposure to global merchandise trade

Wilh. Wilhelmsen Holding More than a shipping company

Operating profit (EBIT) 1)

USD million - accumulated 1.1.10-30.6.15

1.1.10-30.6.15	Shipping	Services	Investments
Accumulated EBIT 1)	USD 858 mill.	USD 632 mill.	USD 395 mill.

1) WWASA activities included with 72.7%; including sales gain and other non recurring items; excluding "Holding activities"

Wilh. Wilhelmsen Holding - group Sustainable long term value creation

• 4) Land based employees, as per 31.12.2014.
• 5) WWASA vessels, 2014 vs. 2013
• 6) Including anti corruption training, LTIF and environmental initiatives

Wilh. Wilhelmsen ASA (car/ro-ro shipping and logistics) Significant logistic opportunities

Wilhelmsen Maritime Services Continued growth potential from a global platform base

Holding and investments Financially strong holding company

Wilh. Wilhelmsen Holding Summing up

• A global provider of maritime related services, transportation and logistics solutions
• A bet on the world economy
• Margin pressure / commoditisation
• Sound financials and growth opportunities
• Sustainable long term value creation

Capital Markets Day 2015 Wilh. Wilhelmsen Holding ASA main topics

Business development

• WilNor Governmental Services (in cooperation with NorSea Group)

Wilhelmsen Maritime Services

• WMS portfolio strategy
• Wilhelmsen Ships Service and the Asia Pacific Region

Wilh. Wilhelmsen ASA topics: The automotive market and EUKOR Car Carriers

Thank you!

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