AI Terminal

MODULE: AI_ANALYST
Interactive Q&A, Risk Assessment, Summarization
MODULE: DATA_EXTRACT
Excel Export, XBRL Parsing, Table Digitization
MODULE: PEER_COMP
Sector Benchmarking, Sentiment Analysis
SYSTEM ACCESS LOCKED
Authenticate / Register Log In

MPC Container Ships ASA

Investor Presentation Sep 11, 2025

3666_rns_2025-09-11_ad98a8d6-c10b-4355-adec-910316d01a0f.pdf

Investor Presentation

Open in Viewer

Opens in native device viewer

PARETO ENERGY CONFERENCE

Moritz Fuhrmann, Co-CEO and CFO

AGENDA

01 COMPANY INTRODUCTION

02 MARKET UPDATE

03 COMPANY OUTLOOK

MARKET-LEADING CONTAINER SHIP TONNAGE PROVIDER WITH STRONG CHARTER BACKLOG AND EARNINGS VISIBILITY

55 vessels

With total capacity of ~140k TEU and USD ~1.6bn market value

#1 position

Largest tonnage provider in intra-regional trade worldwide

USD ~600m

Asset coverage from 27 debt-free vessels1

USD 1.2bn backlog

Firm charter backlog with 100%/89% contract coverage in 2025/20262

Dividends of USD >1bn

Paid since Feb 22. Dividend Policy of 30-50% adj. Net Profit as quarterly distributions

ESG focus

Strategic prioritization of sustainability with a total fleet renewal investment program of USD >800m

A market-leading tonnage provider with a total charter backlog of USD 1.2 billion, industry-low leverage, and rational capital allocation principles

MARKET OVERVIEW

MPCC SPECIALIZES IN THE INTRA-REGIONAL FEEDER SEGMENT

OVERVIEW OF THE GLOBAL CONTAINER FLEET DIFFERENT SIZES OPERATE DIFFERENT TRADE ROUTES

MPC Container Ships | | 4 Pareto Energy Conference

AGENDA

01 COMPANY INTRODUCTION

02 MARKET UPDATE

03 COMPANY OUTLOOK

MARKET UPDATE

REGIONAL MARKETS DRIVE CONTAINER DEMAND

DIVERGING GROWTH TRENDS ON THE DEMAND SIDE PROMISING INTRA-REGIONAL DEMAND OUTLOOK

  • » Growth trends are driven by stronger emerging markets' GDP growth outlook than in advanced economies
  • » Container trades serving these markets showed growing volumes in recent years
  • » The diversification of sourcing strategies will continue to drive robust volume growth
  • » Intra-regional container trade a core market for the MPCC fleet-is expected to outperform the mainlane trades
  • » In intra-regional trades1 , 98% of vessel deployed are smaller than 5,100 TEU

MPC Container Ships | | 6 Data Sources: Maritime Strategies International (MSI), August 2025; Clarksons, August 2025; International Monetary Fund, World Economic Outlook Update, July 2025

MARKET UPDATE

MULTIPLE HEADWINDS CREATED UNPRECEDENTED MARKET VOLATILITY

CHARTER RATES UNIMPRESSED BY VOLATILE FREIGHT RATES

  • » Charter rates outperformed freight rates in Q2, staying at high levels due to limited vessel availability and steady fixture activity
  • » Freight rates peaked in early June but quickly dropped amid weaker demand

ASSET PRICES HOLD AT ELEVATED LEVELS

  • » The sale and purchase (S&P) market remained active in line with the previous quarter, with assets being sold at historically elevated prices
  • » Enhanced sophistication of ordered vessels, the comfortable forward coverage of yards and cost inflation have kept newbuilding-price indices near historic highs

MARKET UPDATE

INCREASING ORDERBOOK BUT STILL INSUFFICIENT IN SMALLER SIZES

AGE STRUCTURE OF FLEET AND ORDERBOOK

» In MPCC's core segments of feeder and mid-size containerships, one-fifth of the fleet is 20 years or older

» The orderbook does not cover the replacement need that will arise over the next years in MPCC's core segments

MARKET OUTLOOK MARKET UPDATE

KEY TOPIC DESCRIPTION
US POLICY »
US policies continued to create a volatile container market environment in the second quarter
»
Especially with the uncertainties on tariff announcements, trade flows and demand outlook can be impacted
RED SEA CRISIS »
Tensions intensified between Israel, Iran and the Yemeni Houthis, resulting in the sinking of two bulk carriers
»
In view of these incidents and in connection with the Middle East conflict and the unforeseeable easing of tensions
along the Suez route, there is no immediate return to the Suez route foreseeable by liner operators
»
There is still a ~12% uplift to average haul of box trade due to persistent rerouting
FLEET DEVELOPMENT »
The orderbook-to-fleet ratio stands at 30.2% at the end of July 2025
»
With 2.5 mTEU ordered so far in 2025, newbuild contracting has increased in the smaller size segments
»
Deliveries will pick up in 2027 and 2028, with an estimated 3 mTEU per year
UNDERINVESTED
FEEDER SEGMENT
»
Despite the size of the orderbook, feeder vessels, which are the MPCC focus segments, are still an underinvested size
»
In terms of vessels, there is not enough replacement tonnage to keep up with the ageing fleet currently on the water
»
Moreover, regional trades are forecast to grow more strongly compared to mainlane
trades

AGENDA

  • 01 COMPANY INTRODUCTION
  • 02 MARKET UPDATE
  • 03 COMPANY OUTLOOK

HIGH CONTRACT COVERAGE INTO 2027 OUTLOOK

BACKLOG OVERVIEW – AS PER AUG'25

25,801 23,852 USD 1.2bn / 0.7bn Contracted forward TCE (USD per day)1,3,5,6 Forward charter backlog2,3/ Proj. EBITDA2,3,4 26,455 100% 89% 34% 11% 66% 0% 2025 2026 2027

CHARTER BACKLOG DEVELOPMENT AND COUNTERPARTIES

MPC Container Ships | | Pareto Energy Conference 11 1) Underlying min/max periods for contracted charter based on management assessment. Contracted Revenue and Projected EBITDA not including IFRS adjustments. 2) Revenues / Periods / TCE's / costs in good faith, but indicative only and subject to changes. Fixed revenue and days as of 20 August 2025. 3) Revenue and TCE not including IFRS amortization of time charter carry. 4) Projected EBITDA based on contracted revenue reduced by operating costs of USD 8,510 per day and vessel (incl. voyage expenditures / OPEX / G&As / Shipman). 5) Subject to redelivery of vessels (agreed min. / max. periods of charter contract). 6) Contracted forward TCE based on charter hire revenue divided by fixed operating days. 7) Ranking based on list of 100 largest container/liner operators by Alphaliner

OUTLOOK

STRONG PORTFOLIO OPTIMIZATION, HOWEVER, CONT'D FLEET RENEWAL REQUIRED

CAPITAL ALLOCATION & BALANCE SHEET MANAGEMENT

  • and accretive investments, resulting in increased backlog and further improved earnings visibility
  • Continued commitment distributions and sustainable shareholder return
  • Maintaining conservative leverage as well as high balance sheet flexibility with 27 debt-free

  • Substantial increase of ECO and retrofitted share in MPCCs fleet composition as well as successful reduction of avg. fleet age
  • Based on the current portfolio profile further fleet renewal investments are needed

Pareto Energy Conference

MPC Container Ships | | 1 Includes Newbuildings, Eco Design vessels and vessels that received a retrofit of the Bulbous Bow and a new Propeller and Boss Cap Fin and/or Pre-Swirl Device & Silicon Paint based on TEU

STRONG VALUE PROPOSITION: LOW RISK & SIGNIFICANT UPSIDE

VALUATION BRIDGE

  • » Current Enterprise value is more than fully covered by the projected EBITDA backlog of USD ~0.7bn and the recycling value
  • » Further significant upside potential from existing fleet of 55 vessels and further earnings capacity

OPEN RATE SENSITIVITY

Clarksons 10y Historical Average of USD ~20,100 pd Current Market Rates of USD ~34,300 pd

MPC Container Ships | | Pareto Energy Conference 13 1) As of 02 September 2025, based on closing share price of NOK 17.94; USD/NOK of 10.02 2) Revenues / Periods / TCE's / costs in good faith, but indicative only and subject to changes. Fixed revenue and days as of 20 August 2025. Revenue and TCE not including IFRS amortization of time charter carry. Projected EBITDA based on contracted revenue reduced by operating costs of USD 8,510 per day and vessel (incl. voyage expenditures / OPEX / G&As / Shipman) 3) Fleet Value based on charter-free values from VesselsValue.com dated 20 August 2025, including Newbuildings. Recycling Value of the Fleet as per VesselsValue.com, 4) 10-Y Historical average of with USD ~20,100/day and current market rates of ~34,300/day based on monthly average 6-12 months TC rates from Clarksons Research as of July 2025. Rates are weighted averages based on size and number of vessels coming open, Illustrative operating revenue earnings scenarios, no forecasts, assuming upcoming fixtures at above shown rates. Based on 97% utilization, 5) Illustrative net profit scenarios, no forecasts, assuming operating costs of USD 8,510 per day and vessel, USD 130m of depreciation and net finance costs

FINAL REMARKS

  • » Strategic fleet expansion through a newbuilding program of four advanced vessels, supporting longterm growth
  • » Strong financial position with low leverage and high balance sheet flexibility, and debt instruments in place supporting fleet renewal and growth
  • » Robust shareholder returns with 50% of adjusted net profit distributed as dividends, aligned with the renewed capital allocation strategy
  • » Resilient market positioning, leveraging investment capacity and disciplined strategy to navigate geopolitical volatility and seize emerging opportunities

QUESTIONS & ANSWERS

OUTLOOK

FLEET RENEWAL CREATING LONG TERM VALUE

4 MPCC 52 5 Döhle Contships GSL Navios Seaspan Danaos Costamare Schulte Average owner 57 x14 Vessel Count Orderbook 47% 20% 16% 16% Conventional Retrofitted ECO Newbuildings 53% Eco Share of the fleet 1 2 3 4

OVERVIEW OF MPCC COMPETITORS' SUB 6K TEU SEGMENT

FLEET RENEWAL STRATEGY

USD > 800m Investment Program

NEWBUILDING PROGRAM

1

2

3

4

9x highly efficient & DF vessels (USD ~500m)

ACQUISITION OF ECO-VESSELS

9x young, ECO vessels (USD ~300m)

RETROFIT INVESTMENTS

Hydrodynamic & Energy Efficiency measures on more than 20 vessel (USD ~30m)

CONVENTIONAL VESSELS

Continue to create long term value via retrofits, and balancing continued trading and further divestments

… to be continued

OVERVIEW OF FINANCING FACILITIES

Facility Type Pre-delivery Outstanding 30/06/25 Total capacity Interest rate # Repayment profile Maturity
BoComm Sale & Lease back USD 31.4m USD 75m 260bps + SOFR 1
9
Monthly 1x 1.2m, 24x 0.3m + 22.8m balloon1 Sep. 2027
HCOB RCF USD 0.0m USD 100m /72m 295bps + SOFR 11 Commitment will be reduced starting in Mar 2024 Dec. 2027
HCOB
Ecofeeder
Term Loan USD 33.7m USD 50m 280bps + SOFR 4 Quarterly 14 x 0.7m + 25m balloon Jul./Aug. 2028
First Citizen
Bank
Term Loan USD 27.0m USD 30m 195bps + SOFR 2 Quarterly 12 x 1.5m + 7.5m balloon Oct. 2028
Nordic HY
Bond
Senior unsecured
sustainability
linked
USD 200.0m USD 200m 737.5bps n/a n/a Oct. 2029
Deutsche
Bank
Term Loan2
+
accordion
USD 0.0m2 USD 47.5m2
+
USD250m
200bps + SOFR 2 Quarterly 11x 2.4m, 8x 1.7m + 14.5m balloon Jun. 2030
Development
Bank of Japan
/ Shinsei
Term Loan USD 15.3m USD 16m 175bps + SOFR 1 Quarterly 7x 0.75m, 15x 0.28m + 5.9m balloon Mar. 2031
CA-CIB Term Loan Yes USD 81.6m USD ~101m 175 –
275bps + SOFR
2 Quarterly 5x 5.7m + 4x 3.7m + 4x 1.4m3 Jun. 2031
Société
Generale 4
Green Term Loan Yes USD 0.0m USD 29.3m 210bps + SOFR 1 quarterly 28x USD 0.5m + USD 15.6m balloon Aug. 2033
KfW-IPEX Term Loan USD 52.0m USD 52.0m 190bps + SOFR 2 6 x semi-annual 5.4m, 7x 1.8m + 7.1m balloon May 2032
Deutsche
Bank
Green Term Loan Yes USD 54.5m USD ~54.5m 230bps + SOFR 2 23 x semi-annual installments of 3.33% + 23.34% balloon Jan./Apr. 2037

1) Voluntary Prepayment of ~USD 2m in August 2025 anticipated – release of one collateralized vessel,

2) Utilization in July 2025 – all conditions precedentfulfilled

3) subsequent instalments to be agreed by borrower and lender

MPC Container Ships | | Pareto Energy Conference

4) Under documentation, term sheet signed

CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS

Q2 2025 Q2 2024 YTD 2025 YTD 2024
In USD thousands (unaudited) (unaudited) (unaudited) (unaudited)
Operating revenues 137,876 130,899 264,958 278,442
Commissions (3,205) (3,762) (6,196) (7,753)
Vessel voyage expenditures (5,221) (3,936) (11,563) (7,280)
Vessel operation expenditures (41,820) (38,738) (80,152) (76,159)
Ship management fees (2,609) (2,157) (5,200) (4,778)
Share of profit or loss from joint venture - (349) (2) (378)
Gross profit 85,021 81,957 161,845 182,094
Administrative expenses (6,354) (4,360) (11,325) (8,687)
Other expenses (461) (638) (1,364) (1,163)
Other income 2,465 1,040 6,107 2,102
Gain (loss) from sale of vessels 26,685 6,412 29,867 6,201
Depreciation (21,227) (17,521) (35,209) (35,265)
Operating profit 86,129 66,890 149,921 145,282
Finance income 2,435 2,435 4,327 4,397
Finance costs (10,349) (4,393) (16,495) (8,690)
Profit (loss) before income tax 78,215 64,932 137,753 140,989
Income tax expenses (112) (119) 91 277
Profit (loss) for the period 78,103 64,813 137,844 141,266
Attributable to:
Equity holders of the Company 78,037 64,797 137,699 141,220
Minority interest 66 16 145 46
Basic earnings per share –
in USD
0.18 0.15 0.31 0.32
Diluted earnings per share –
in USD
0.18 0.15 0.31 0.32

CONSOLIDATED STATEMENT OF FINANCIAL POSITION

June 30, 2025 Dec 31, 2024
in USD thousands
ASSETS
Non-current Assets
Inventories 6,017 7,206
Trade and other receivables 49,839 37,735
TOTAL ASSETS 1,450,873 1,231,374
June 30, 2025 Dec 31, 2024 June 30, 2025 Dec 31, 2024
in USD thousands (unaudited) (audited) in USD thousands (unaudited) (audited)
ASSETS EQUITY AND LIABILITIES
Non-current Assets Equity
Vessels 1,026,324 1,003,460 Share capital 48,589 48,589
Newbuildings 7,948 44,344 Share premium 1,879 1,879
Right-of-use asset 171 264 Other paid-in capital - 286
Investments in associate and joint venture 1,232 5,245 Retained earnings 824,872 762,602
Total non-current assets 1,035,675 1,053,313 Other reserves (672) (260)
Non-controlling interest 4,550 4,524
Current Assets Total equity 879,218 817,620
Inventories 6,017 7,206
Trade and other receivables 49,839 37,735 Non-current liabilities
Financial instruments at fair value 812 1,060 Non-current Interest-bearing debt 426,441 299,237
Restricted cash 7,662 6,364 Lease liabilities -long-term - 79
Cash and cash equivalents 350,868 125,696 Other non-current liabilities 4,902 -
Total current assets 415,198 178,061 Total non-current liabilities 431,343 299,316
TOTAL ASSETS 1,450,873 1,231,374
Current liabilities
Current interest-bearing debt 61,294 44,037
Trade and other payables 10,888 12,632
Derivative financial instruments -
short-term
90 101
Related party payables 797 72
Income tax payable 99 164
Deferred revenues 39,402 29,706
Other liabilities 27,742 27,726
Total current liabilities 140,312 114,438
TOTAL EQUITY AND LIABILITIES 1,450,873 1,231,374

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOW

YTD 2025 YTD 2024 YTD 2025 YTD 2024
in USD thousands
(unaudited)
(unaudited) in USD thousands (unaudited) (unaudited)
Profit (loss) before income tax 137,754 140,989 Dividends paid (75,548) (115,619)
Income tax expenses paid (10,866) - Additions from non-controlling interest - -
Net change inventory and trade and other
receivables
(750) 811 Proceeds from debt financing 181,461 61,670
Net change in trade and other payables and other
liabilities
663 1,716 Repayment of long-term debt (38,082) (18,516)
Net change other non-current assets and other
non-current liabilities
9,696 173 Payment of principal of leases (91) (97)
Net change in deferred revenues 35,209 (6,170) Interest paid (12,890) (5,188)
Depreciation (286) 35,265 Debt issuance costs (2,232) (3,648)
Share-based payment 12,167 - Other finance paid (356) (1,376)
Finance costs (net) 2 4,293 Cash from /(to) financial derivatives (245) 146
Share of profit (loss) from joint venture - 377 Cash flow from financing activities 52,017 (82,628)
(Gain) loss from sale of vessels and fixed assets (29,868) (4,648)
Amortization of TC contracts - (926) Net change in cash and cash equivalents 226,242 46,696
Cash flow from operating activities 153,721 171,880 Net foreign exchange difference 228 -
Proceeds from disposal of vessels 89,590 50,389 Restricted cash, cash & cash equiv. at end of the
Scrubbers, dry dockings and other vessel upgrades (31,297) (19,114)
Newbuildings (41,591) (72,850)
Capitalized borrowing cost (668) -
Acquisition of vessels 187 -
Cash acquired in acquisition of company 4,283 3,019
Acquisition of newbuilds - (4,000)
Cash flow from investing activities 20,504 (42,556)
(unaudited) (unaudited) (unaudited) (unaudited)
Restricted cash, cash & cash equiv. at beginning of
the period
132,060 122,584
period 358,530 169,280

FLEET EMPLOYMENT OVERVIEW

No Vessel Cluster Charterer Remark MPCC Current
Fixture (USD/day)
Aug-25 Sep-25
Oct-25
Nov-25 Dec-25
Jan-26
Feb-26 Mar-26 Apr-26
May-26
Jun-26 Jul-26 Aug-26 Sep-26 Min / Max
1 AS SIMONE 1,700 grd eco Maersk Eco & Retrofit 21,8551 Sep-25 / Sep-26
2 AS SILJE 1,700 grd eco Maersk Eco & Retrofit 21,8551 Oct-25 / Oct-26
3 AS SABINE 1,700 grd eco Maersk Eco & Retrofit 21,8551 Nov-25 / Nov-26
4 AS STINE 1,700 grd eco Maersk Eco & Retrofit 21,8551 Dec-25 / Dec-26
5 AS CYPRIA 2,800 gls Hapag-Lloyd 18,500 DD2 Feb-26 / Apr-26
6 AS FLORETTA3 1,300 grd Crowley 16,800 Mar-26 / May-26
7 AS FELICIA3 1,300 grd ZISS 24,000 Mar-26 / May-26
8 AS PATRIA 2,500 grd KMTC 15,5004 Mar-26 / Jul-26
9 AS CARELIA 2,800 gls Hapag-Lloyd 19,500 DD2 Apr-26 / Jun-26
10 AS ALVA 2,000 grd MSC 15,500 Apr-26 / Jun-26
11 AS CARLOTTA 2,800 grd ONE 25,500 DD2 May-26 / Jun-26
12 AS CLEMENTINA 2,800 gls Unifeeder 21,178 DD2 May-26 / Jul-26
13 STADT DRESDEN 2,800 gls Hapag-Lloyd 19,500 Jun-26 / Sep-26
14 AS CHRISTIANA 2,800 grd Sea Consortium 26,800 Jul-26 / Aug-26
15 AS PIA 2,500 grd Maersk Retrofit 45,7505 Aug-26 / Jan-27
16 AS COLUMBIA 2,800 gls Maersk Retrofit 24,000 DD2 Sep-26 / Oct-26
17 AS CONSTANTINA 2,800 gls COSCO 26,500 DD2 Sep-26 / Nov-26
18 AS SICILIA 1,700 grd MSC 17,000 Sep-26 / Nov-26
19 AS CLAUDIA 2,800 gls Hapag-Lloyd 19,500 Oct-26 / Jan-27
20 AS PALINA 2,500 HR grd Maersk Retrofit 45,7506 Oct-26 / Apr-27
21 AS CAMELLIA 2,800 gls Maersk 24,000 Oct-26 / Dec-26
22 AS SELINA 1,700 grd Maersk 23,2507 Nov-26 / Jan-27
23 AS SAVANNA 1,700 grd Maersk Retrofit 23,2507 Nov-26 / Jan-27
24 AS CAROLINA 2,800 gls ZISS 41,000 Nov-26 / Jan-27
25 AS PETRONIA 2,500 HR grd Maersk Retrofit 45,7508 Nov-26 / May-27

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

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

Sold - handovers planned for Q3/Q4 2025

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

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

As of 21.10.2025 the charter rate will change to an index-linked scheme for AS Palina 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

Contracted base rate, index-linked scheme with a floor of USD 12,500 and a ceiling of USD 20,000. 50/50 profit share for all assessed rates between USD 20,000 and USD 30,000

As of 21.10.2025 the charter rate will change to an index-linked scheme 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

MPC Container Ships | | Pareto Energy Conference

Min. period Max. period

FLEET EMPLOYMENT OVERVIEW

No Vessel Cluster Charterer Remark MPCC Current
Fixture (USD/day)
Aug-25 Sep-25 Oct-25 Nov-25 Dec-25 Jan-26 Feb-26 Mar-26 Apr-26 May-26 Jun-26 Jul-26 Aug-26 Sep-26 Min / Max
26 AS CALIFORNIA 2,800 gls Maersk 24,000 Dec-26 / Feb-27
27 AS ANNE 2,200 grd eco OOCL Eco 25,500 DD1 Dec-26 / Feb-27
28 AS SABRINA 1,700 grd Maersk Retrofit 23,2502 Dec-26 / Feb-27
29 AS SAMANTA 1,700 grd Maersk Retrofit 23,2502 Jan-27 / Mar-27
30 AS SARA 1,700 grd Maersk Retrofit 23,2502 Feb-27 / Apr-27
31 AS PAMELA 2,500 grd EMC 26,500 Mar-27 / Apr-27
32 AS CASPRIA 2,800 gls ZISS 40,700 Mar-27 / May-27
33 AS SUSANNA 1,700 grd ONE 18,000 DD1 Mar-27 / Jun-27
34 AS SVENJA 1,700 grd CMA CGM Retrofit 22,000 Apr-27 / Jun-27
35 AS FREYA 1,300 grd King Ocean 16,250 Apr-27 / Jun-27
36 AS ANGELINA 2,000 grd Maersk 24,500 Jun-27 / Aug-27
37 AS NURIA 3,500 gls Maersk Retrofit 25,150 Jun-27 / Aug-27
38 SEVILLIA 1,700 grd CMA CGM 21,000 Jun-27 / Aug-27
39 AS NARA 3,500 gls Maersk 25,150 Jul-27 / Sep-27
40 AS NINA 3,500 gls Maersk Retrofit 30,000 DD1 Jul-27 / Sep-27
41 AS SOPHIA 1,700 grd Maersk 38,000 21,500 Jul-27 / Nov-27
42 AS SERENA 1,700 grd Maersk 20,300 20,000 Sep-27 / Nov-27
43 AS PENELOPE 2,500 gls Hapag-Lloyd 16,950 26,000 Sep-27 / Dec-27
44 AS NORA 3,500 grd CMA CGM Retrofit 28,000 Feb-28 / Apr-28
45 LIVORNO EXPRESS 3,800 grd Hapag-Lloyd Eco 33,2503 DD1 Mar-28 / Jun-28
46 DETROIT EXPRESS 3,800 grd Hapag-Lloyd Eco 33,2503 DD1 Mar-28 / Jun-28
47 GENOA EXPRESS 3,800 grd Hapag-Lloyd Eco 33,2503 DD1 Mar-28 / Jun-28
48 BARCELONA EXPRESS 3,800 grd Hapag-Lloyd Eco 33,2503 DD1 Mar-28 / Jun-28

Min. period Max. period

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

Contracted base rate, index-linked scheme with a floor of USD 12,500 and a ceiling of USD 20,000. 50/50 profit share for all assessed rates between USD 20,000 and USD 30,000

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

FLEET EMPLOYMENT OVERVIEW

No Vessel Cluster Charterer Remark MPCC Current
Fixture (USD/day)
Aug-25
Sep-25
Oct-25 Nov-25 Dec-25
Jan-26
Feb-26 Mar-26 Apr-26 May-26 Jun-26 Jul-26 Aug-26
Sep-26
Min / Max
49 AS MARIE1 4,500 gls Eco Charter rate of
USD 31,900 per day
Jun-30 / Jul-30
50 AS MAIKE1 4,500 gls Eco Charter rate of USD 31,900 per day Sep-30 / Oct-30
51 AS METTE1 4,500 gls Eco Charter rate of
USD 31,900 per day
Dec-30 / Jan-31
52 AS MARTHE1 4,500 gls Eco Charter rate of USD 31,900 per day Mar-31 / Apr-31
53 MACKENZIE 5,500 gls ZISS Eco 70,0002 45,000 Jun-31 / Jul-31
54 COLORADO 5,500 gls ZISS Eco 70,0002 45,000 Jul-31 / Sep-31
55 AS FRIEDERIKE1,3 1,300 gls Unifeeder Dual-Fuel Methanol Charter rate of EUR 17,750 per day Dec-33 / Dec-33
56 NCL VESTLAND 1,300 grd NCL Dual-Fuel Methanol 17,0884 17,2864 Nov-39 / Mar-40
57 NCL NORDLAND 1,300 grd NCL Dual-Fuel Methanol 16,9164 17,1224 Feb-40 / Jun-40

Min. period Max. period Under construction

1 Periods are based on the latest schedule provided by the shipyard

2 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)

3 To be renamed DP World Southampton after delivery

4 increasing by 1.1% each year on January 1st. The charter rate is paid in EUR but was converted to USD using an exchange rate of 1.1600.

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.

Talk to a Data Expert

Have a question? We'll get back to you promptly.