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MPC Container Ships ASA

Investor Presentation Nov 27, 2025

3666_rns_2025-11-27_da0837b8-4f9d-4037-8eb8-b5e87b153112.pdf

Investor Presentation

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Q3 2025 EARNINGS CALL

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

AGENDA

  • 01 HIGHLIGHTS
  • 02 MARKET UPDATE
  • 03 COMPANY OUTLOOK

HIGHLIGHTS

EXECUTIVE SUMMARY

Q3 HIGHLIGHTS:

  • » Forward fixing activity extends visibility, building a strong backlog with 100% of open days covered in 2025, 92% in 2026 and 55% in 2027
  • » Quarterly dividend of USD 0.05 per share, corresponds to 50% of adjusted net profit
  • » Successfully handed over three vessels to new owners
  • » Asset values and charter rates remained strong, supported by tight vessel supply

SUBSEQUENT EVENTS:

  • » Ordered four 4,500 TEU newbuilds with delivery from H1 2028, in addition to securing 10-year charters with top-tier liner company
  • » Ordered two 1,600 TEU newbuilds with delivery from H2 2027, in addition to securing 8 year charters with top-tier liner company
  • » Forward fixed 11 vessels on ~2-year charter contracts with top-tier liner companies, adding USD 110m in revenue backlog

Q3 2025 OPERATING REVENUES USD 125.9m

Q3 2025 ADJUSTED EBITDA USD 74.9m

Q3 2025 DIVIDENDS PER SHARE USD 0.05

REVENUE BACKLOG USD 1.6bn

MPC Container Ships | | 3 Q3 2025 Earnings Presentation

FINANCIAL AND OPERATIONAL PERFORMANCE

P ROFIT OR LOSS 3
Q3 2025 Q2 2025 03 2024
Gross Revenues USD m 125.9 137.9 132.5
Adj. EBITDA USD m 74.9 80.7 78.7
Adj. Net Profit USD m 45.0 48.6 57.5
all FIN IANCIAL KPIs
Q3 2025 Q2 2025 Q3 2024
Adj. EPS USD 0.10 0.11 0.13
DPS USD 0.05 0.05 0.10
Op. Cash Flow 3 USD m 226.6 153.7 247.1
= BALANCE SHEET
Q3 2025 Q2 2025 Q3 2024
Total assets USD m 1,510 1,451 1,062
Net Debt 4 USD m 107.0 129.2 59.1
Leverage ratio % 34.6 33.6 19.0
T_=== OPER ATIONAL KP Pls
Q3 2025 Q2 2025 Q3 2024
Adj. Average OPEX 1 USD/day 7,852 7,707 6,859
Adj. Average TCE USD/day 26,523 26,247 26,334
Utilization 2 % 97.6 97.6 97.3

RECENT CHARTERING ACTIVITY

  • Container market continues to be highly supportive, with sustained strong demand for feeder tonnage, including an increasing amount of significant forward fixtures
  • » All fixtures concluded with top 5 liner companies

RECENT FIXTURES 1

# COUNTING FROM VESSEL TEU CHARTER RATE (USD /D) PERIOD (MONTHS)
1 Q3 26 AS Simone 1,700 grd eco 17,000 24
2 Q4 26 AS Silje 1,700 grd eco 17,000 24
3 Q4 26 AS Sabine 1,700 grd eco 17,000 24
4 Q1 27 AS Stine 1,700 grd eco 17,000 24
5 Q4 26 AS Columbia 2,800 gls 23,000 2 16 - 20
6 Q4 26 AS Camellia 2,800 gls 23,000 2 16 – 20
7 Q4 26 AS California 2,800 gls 23,000 2 14 – 16
8 Q2 26 AS Cypria 2,800 gls 23,000 22 - 26
9 Q2 26 AS Carelia 2,800 gls 23,000 22 - 26
10 Q3 26 Stadt Dresden 2,800 gls 20,000 22 - 26
11 Q1 27 AS Claudia 2,800 gls 20,000 22 - 26

FLEET TRANSFORMATION WELL UNDERWAY THROUGH ATTRACTIVE NEWBUILDS

NEWBUILDINGS SIGNIFICANTLY DE-RISKED, WHILE RETAINING NOTABLE UPSIDE POTENTIAL

EBITDA & Recycling

Value NBs

Strong De-Risking

» Newbuilding Capex mitigated by initial multi year charter employments & contracted revenues

Staggered Orderbook

» From an employment perspective/ good re-employment distribution

High Upside Future Potential

» Significant tail-end-value kept

Continuation of the Fleet Renewal Program

» Accelerated fleet transition well advanced through further NBs

High Execution Competence

» Ability to structure and execute on employment backed newbuilding transactions

Preferred Tonnage Provider

Testament to MPCC being is the preferred partner for leading liner operators

Capex NB1

Potential Upside

CONTINUED GOOD CASH GENERATION SUPPORTS FLEET RENEWAL AND DIVIDENDS

CASH FLOW BRIDGE FOR Q3 2025

  • Investing Cash flow mirrors our continuous fleet renewal program:
  • Yard instalments of USD 42m, of which 4m relate to unwinding Unifeeder JV
  • » Disposal of less efficient vessels (USD 32m)
  • Investment in vessels on the water (upgrades and regulatory) of USD 10m
  • Interest received from investment activities (USD 3m)
  • Financing cash flow driven by refinance of 2x 3,800TEUs of USD ~48m
  • » Payment of MPCC's 15th consecutive recurring dividend

Based on dividend declared on August 26, 2025

Adjusted for purchase of short-term money-market instruments (USD 31m)

ROBUST CAPITAL STRUCTURE TO SUPPORT FUTURE GROWTH

BALANCE SHEET STRENGTH

COMMENTS

  • » 1st installment for newbuildings signed in Q4 will be paid out of existing cash = re-investment of vessel sales proceeds
  • Contemplated extension of RCF with revised maturity in Dec 2030 and increased capacity of USD 130m3
  • » USD 502m in pro-forma liquidity available (including undrawn RCF capacity3)
  • » Beyond ample liquidity, the balance sheet remains conservatively structured with high degree of flexibility
  • » 28 vessels are debt free with a fair market value of USD ~690m, while total leverage ratio is 34.6%
  • -35.5% reduction of debt costs since Q3 2022 1

Based on weighted average senior secured debt margin in per cent p.a.on the relevant reporting date 2x 1,600 TEU and 4x 4,500TEUs first installment (15% of contract price)

3 Indicative only - remains subject to successful closing of RCF extension with HCOB in 12/2025

4 Outstanding interest-bearing debt as per 26 November 2025, excl. debt arrangement cost and accruals

5 Fleet Value based on charter-free values from VesselsValue.com dated 25 November 2025, excl newbuildings

AGENDA

  • 01 HIGHLIGHTS
  • 02 MARKET UPDATE
  • 03 COMPANY OUTLOOK

UNCERTAINTY REMAINS ELEVATED

Geopolitical Flashpoints

  • » Rising trade tensions and protectionist policies disrupt global supply chains
  • » Regional conflicts and sanctions increase route volatility and compliance risks
  • » Strategic bottlenecks (e.g. Suez) vulnerable to political instability and security threats

Macroeconomic Outlook

  • » Global GDP projected to grow by 3.2% in 2025 and 3.1% in 2026
  • » Decline in U.S. container imports offset by robust Asian export growth

Regulatory Uncertainty

  • » Setback in implementing the global IMO Net-Zero Framework
  • » Uncertainty may result in complex regional schemes

LOW AVAILABILITY KEEPS CHARTER RATES HIGH DESPITE FREIGHT RATE SLUMP

LIMITED FORWARD AVAILABILITY FOR THE NEXT 6 MONTHS

  • Forward availability of vessels has declined further, indicating an increasingly tight market
  • Forward fixtures have remained stable, reflecting liners' commitment to securing tonnage

CHARTER RATES UNIMPRESSED BY VOLATILE FREIGHT RATES

  • Charter rates eased slightly from summer highs but remain strong, supported by steady carrier demand
  • » Freight rates rebounded after Golden Week but are lower year-on-year

SECONDHAND AND NEWBUILD PRICES REMAIN HIGH

  • Solid activity in the S&P market pushing prices higher
  • » Newbuild prices remains stable on a high level

CARRIERS WELL POSITIONED IN VOLATILE MARKET

CARRIER FINANCIALS

Continued Balance Sheet Strength

Carriers have transitioned from previously high leverage ratios to a position of strong capitalization

Strategic Focus

Terminal access through ownership, market share and reliability as key criteria for carriers

Liners Driving Fleet Renewal

Opportunistic on secondhand opportunities and selective partnerships in newbuild tenders

| 12

SMALLER VESSEL GROWTH ALIGNS WITH GROWING REGIONAL TRADES

  • » Orderbook strongly geared towards larger sizes
  • Within the 1-6k TEU segment more than 800 vessels are older than 20 years of age

PROMISING INTRA-REGIONAL DEMAND OUTLOOK

  • Solution
    Growth trends are driven by stronger emerging markets' GDP growth outlook than in advanced economies
  • The diversification of sourcing strategies will continue to drive robust volume growth
  • » In intra-regional trades1, 98% of vessel deployed are smaller than 5,100 TEU

1) Intra-Europe and Intra-Asia trade lanes;
Data Sources: Clarksons Research, November 2025; International Monetary Fund (World Economic Outlook),
October 2025; MSI, November 2025.

KEY TAKEAWAYS & MARKET OUTLOOK

KEY TOPIC DESCRIPTION
US POLICY
  • US policies continue to create a volatile container market environment
  • With ongoing uncertainties regarding tariff announcements, trade flows and demand outlooks may be impacted
RED SEA SITUATION
  • Recent statements indicate carriers may resume Red Sea transits, though timing remains uncertain
  • Carriers are expected to gradually leverage safe passage to cut transit times and costs, which may lead to excess capacity
INTRA REGIONAL TRADE
RESILIENCE
  • Container trades into emerging markets recording consistent volume increases in recent years
  • Intra-regional trades are forecast to outperform mainlane trades
FLEET STRUCTURE AND ORDERBOOK
  • Despite the uptick of newbuild orders in the smaller size segments, feeder vessels are still an underinvested size
  • In terms of vessels, there is not enough replacement tonnage to keep up with the ageing fleet currently on water

MPC Container Ships | Q3 2025 Earnings Presentation Data Source: Clarksons Research, November 2025.

AGENDA

  • 01 HIGHLIGHTS
  • 02 MARKET UPDATE
  • 03 COMPANY OUTLOOK

HIGH CONTRACT COVERAGE INTO 2027

BACKLOG OVERVIEW - AS PER NOV'25

Forward charter backlog2,3/ Proj. EBITDA2,3,4

Contracted forward TCE (USD per day)1,3,5,6

DEVELOPMENT OF REVENUE BACKLOG LAST 12M

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 26 November 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) Upcoming vessels based on the minimum period. 8) Includes 5 NBs under construction as fixed vessels and excludes two vessels sold subject to successful handover.

STRONG PORTFOLIO OPTIMIZATION, HOWEVER CONT'D FLEET RENEWAL REQUIRED

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 (Major retrofits). ~200 individual retrofit measures have been concluded on a range of 27 vessels.

2 Includes NBs being delivered between 2026 - 2028

PROACTIVE MANAGEMENT APPROACH ROOTED IN MPCC STRATEGY

PROACTIVE MANAGEMENT APPROACH

Strategic Positioning

  • » Strategic focus on the intra-regional container shipping market
  • » Clear, cycle-aware approach to risk-adjusted asset acquisitions

Fleet & Chartering Strategy

  • » Fleet transformation accelerated through strategic newbuild projects and targeted retrofit investments
  • » Portfolio quality strengthened, with 75% comprising eco-efficient vessels, newbuilds, and retrofits
  • » Proactive chartering strategy, including extensive forward fixings, ensures strong financial and commercial visibility

Financing & Investment Capacity Strategy

  • » Broad funding base at lower debt costs, supported by debt-free vessels and moderate leverage
  • Strong investment capacity preserved to drive fleet transformation and seize opportunistic acquisitions

| 18

MPC Container Ships | 03 2025 Earnings Presentation

FINAL REMARKS

  • » Enhanced charter coverage and strong backlog with USD 1.6 bn secured, ensuring full coverage for 2025 and 92% and 55% for 2026 and 2027 respectively
  • » Proactive fleet strategy divesting older vessels and renewing the fleet, reinforcing long-term competitiveness
  • » Shareholder value creation combining recurring distributions with attractive growth opportunities, creating long-term value
  • » Navigating an uncertain market outlook MPCC focuses on what we can control – leveraging on market opportunities, fleet transition with a robust balance sheet

QUESTIONS & ANSWERS

APPENDIX

CHARTER BACKLOG SECURED IN TOP LINER COUNTERPARTS

  • » 95% of revenue backlog with top 10 liners and cargo-backed
  • » More than 3.7 years average remaining contract duration

OVERVIEW OF FINANCING FACILITIES

Facility Туре Pre-delivery Outstanding 30/09/25 Total capacity Interest rate # Repayment profile Maturity
Deutsche
Bank
Green Term Loan Yes USD 53.6m USD ~54.5m 230bps + S0FR 2 semi-annual 22x 3.33% + 23.34% balloon Jan./Apr. 2037
Société
Generale
Green Term Loan Yes USD 0.0m USD 29.3m 210bps + S0FR 1 quarterly 28x USD 0.5m + USD 15.6m balloon Aug. 2033
KfW-IPEX Term Loan USD 52.0m USD 52.0m 190bps + S0FR 2 semi-annual 6 x 5.4m, 7x 1.8m + 7.1m balloon May 2032
Development
Bank of Japan
/ Shinsei
Term Loan USD 14.5m USD 16m 175bps + S0FR 1 quarterly 6x 0.75m, 15x 0.28m + 5.9m balloon Mar. 2031
CA-CIB Term Loan Yes USD 75.9m USD ~101m 175 - 275bps + S0FR 2 quarterly 4x 5.7m + 4x 3.7m + 4x 1.4m 1 Jun. 2031
Deutsche
Bank
Term Loan +
accordion
USD 45.0m USD 47.5m +
USD250m
200bps + S0FR 2 quarterly 10x 2.4m, 8x 1.7m + 14.5m balloon Jun. 2030
Nordic HY
Bond
Senior unsecured sustainability-linked USD 200.0m USD 200m 737.5bps n/a n/a Oct. 2029
First Citizen
Bank
Term Loan USD 25.5m USD 30m 195bps + S0FR 2 quarterly 11 x 1.5m + 7.5m balloon Oct. 2028
HCOB-
Ecofeeder
Term Loan USD 33.0m USD 50m 280bps + S0FR 4 quarterly 13 x 0.7m + 25m balloon Jul./Aug. 2028
HCOB RCF USD 0.0m USD 100m /71m 295bps + S0FR 11 commitment will be reduced starting in Mar 2024 Dec. 2027
BoComm Sale & Lease bacl ζ USD 26.9m USD 75m 260bps + S0FR 8 monthly 23x 0.25m + 21.0m balloon Sep. 2027

APPENDIX

CALCULATION OF RECURRING DIVIDEND FOR Q3 2025

USD million Q3 2025 (unaudited) 1
Operating revenue 125.9
EBITDA 83.5
Profit for the period 53.6
Adjustment related to vessel sales -11.3
Adjusted profit for the period 42.3
No. of shares outstanding 443.7
Adjusted earnings per share (in USD) 0.12
75% declared as recurring dividend per share (in USD) 0.05
Recurring dividend in USD million 22.2

APPENDIX

CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS

Q3 2025 Q3 2024 YTD 2025 YTD 2024
In USD thousands (unaudited) (unaudited) (unaudited) (unaudited)
Operating revenues 125,890 132,467 390,848 410,909
Commissions (2,991) (3,477) (9,188) (11,231)
Vessel voyage expenditures (6,428) (6,189) (17,991) (13,469)
Vessel operation expenditures (39,587) (36,902) (119,738) (113,061)
Ship management fees (2,671) (2,496) (7,871) (7,274)
Share of profit or loss from joint venture - (30) (2) (408)
Gross profit 74,213 83,373 236,058 265,466
Administrative expenses (5,025) (4,608) (16,351) (13,294)
Other expenses (923) (514) (2,295) (1,678)
Other income 3,924 2,194 10,031 4,297
Gain (loss) from sale of vessels 11,291 4,392 41,157 10,593
Depreciation (23,066) (19,361) (58,275) (54,626)
Operating profit 60,414 65,476 210,325 210,758
Finance income 4,760 2,398 9,088 6,605
Finance costs (11,703) (4,158) (28,197) (12,659)
Profit (loss) before income tax 53,471 63,716 191,216 204,704
Income tax expenses 136 (22) 227 255
Profit (loss) for the period 53,607 63,694 191,443 204,959
Attributable to:
Equity holders of the Company 53,555 63,728 191,246 204,947
Minority interest 52 (34) 197 12
Basic earnings per share –
in USD
0.12 0.14 0.43 0.46
Diluted earnings per share –
in USD
0.12 0.14 0.43 0.46

MPC Container Ships | | Q3 2025 Earnings Presentation 25

<-- PDF CHUNK SEPARATOR -->

CONSOLIDATED STATEMENT OF FINANCIAL POSITION

September 30, 2025 Dec 31, 2024
in USD thousands (unaudited) (audited)
ASSETS
Non-current Assets
Vessels 992,654 1,003,460
Newbuildings 46,802 44,344
Right-of-use asset 124 264
Investments in associate and joint venture 1,262 5,245
Total non-current assets 1,040,842 1,053,313
Current Assets
Inventories 5,813 7,206
Trade and other receivables 45,281 37,735
Other current financial assets 32,031 1,060
Restricted cash 9,056 6,364
Cash and cash equivalents 377,140 125,696
Total current assets 469,321 178,061
TOTAL ASSETS 1,510,163 1,231,374
September 30, 2025 Dec 31, 2024
in USD thousands (unaudited) (audited)
ASSETS
Non-current Assets
Vessels 992,654 1,003,460
Newbuildings 46,802 44,344
Right-of-use asset 124 264
Investments in associate and joint venture 1,262 5,245
Total non-current assets Retained earnings
1,040,842
1,053,313
Other reserves
Non-controlling interest
Total equity
5,813
7,206
Current Assets
Inventories
Trade and other receivables 45,281 37,735
Other current financial assets 32,031 1,060
Restricted cash 9,056 6,364
Cash and cash equivalents 377,140 125,696
Total current assets 469,321 178,061
TOTAL ASSETS 1,510,163 1,231,374

MPC Container Ships | | Q3 2025 Earnings Presentation 26

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 191,216 204,704 Dividends paid (97,733) (159,989)
Income tax expenses paid 117 - Proceeds from debt financing 228,978 108,340
Net change inventory and trade and other receivables (7,105) (7,820) Repayment of long-term debt (54,539) (30,673)
Net change in trade and other payables and other liabilities (7,414) 5,887 Payment of principal of leases (142) (144)
Net change in provisions 2,707 - Interest paid (17,086) (6,798)
Net change in deferred revenues 11,140 (6,998) Debt issuance costs (3,213) (3,648)
Depreciation 58,275 54,626 Other finance paid (372) (549)
Share-based payment (286) - Cash from /(to) financial derivatives (198) 327
Finance costs (net) 19,109 6,054 Cash flow from financing activities 55,694 (93,134)
Share of profit (loss) from joint venture 2 408
(Gain) loss from sale of vessels and fixed assets (41,157) (8,787) Net change in cash and cash equivalents 253,543 20,455
Amortization of TC contracts - (1,012) Net foreign exchange difference 593 28
Cash flow from operating activities 226,604 247,062 Restricted cash, cash & cash equiv. at beginning of the period 132,060 122,584
Restricted cash, cash & cash equiv. at end of the period 386,196 143,067
Proceeds from disposal of vessels 121,406 72,171
Scrubbers, dry dockings and other vessel upgrades (41,201) (35,539)
Newbuildings (79,802) (121,045)
Capitalized borrowing cost (1,311) (1,950)
Acquisition of newbuildings (3,789) (47,280)
Purchase of short-term investments (31,568) -
Interest received 7,510 4,175
Investment in associate - (4,005)
Cash flow from investing activities (28,755) (133,473)
YTD 2025 YTD 2024 YTD 2025
in USD thousands
YTD 2024
(unaudited) (unaudited) (unaudited) (unaudited)
Restricted cash, cash & cash equiv. at end of the period
386,196
143,067

MPC Container Ships | | Q3 2025 Earnings Presentation 27

FLEET EMPLOYMENT OVERVIEW

No Vessel Cluster Charterer Remark MPCC Current
Fixture (USD/day)
Nov-25 Dec-25 Jan-26 Feb-26 Mar-2 26 Apr-26 May-26 Jun- 26 Jul-26 Aug-26 Sep- 26 Oct-26 No ov-26 Dec-26 Min / Max
1 AS PATRIA 2,500 grd KMTC 15,500 2 Mar-26 / Jul-26
2 AS FELICIA 3 1,300 grd ZISS 24,000 $DD^1$ Mar-26 / May-26
3 AS ALVA 2,000 grd MSC 15,500 _ Apr-26 / Jun-26
4 AS CARLOTTA 2,800 grd ONE 25,500 $DD^1$ May-26 / Jun-26
5 AS CLEMENTINA 2,800 gls Unifeeder 21,178 DD 1 May-26 / Jul-26
6 AS CHRISTIANA 2,800 grd Sea Consortium 26,800 Jul-26 / Aug-26
7 AS PIA 2,500 grd Maersk A/S Retrofit 16,000 4 Aug-26 / Jan-27
8 AS CONSTANTINA 2,800 gls COSCO 26,500 Sep-26 / Nov-26
9 AS SICILIA 1,700 grd MSC 17,000 Sep-26 / Nov-26
10 AS PALINA 2,500 HR grd Maersk A/S Retrofit 17,000 5 Oct-26 / Apr-27
11 AS SELINA 1,700 grd Maersk A/S 24,708 6 Nov-26 / Jan-27
12 AS SAVANNA 1,700 grd Maersk A/S Retrofit 24,708 6 Nov-26 / Jan-27
13 AS CAROLINA 2,800 gls ZISS 41,000 Nov-26 / Jan-27
14 AS PETRONIA 2,500 HR grd Maersk A/S Retrofit 17,000 7 Nov-26 / May-27
15 AS ANNE 2,200 grd eco 00CL Eco 25,500 $DD^1$ Dec-26 / Feb-27
16 AS SABRINA 1,700 grd Maersk A/S Retrofit 24,708 8 Dec-26 / Feb-27
17 AS SAMANTA 1,700 grd Maersk A/S Retrofit 24,708 8 Jan-27 / Mar-27
18 AS SARA 1,700 grd Maersk A/S Retrofit 24,708 8 Feb-27 / Apr-27
19 AS PAMELA 2,500 grd EMC 26,500 Mar-27 / Apr-27
20 AS SUSANNA 1,700 grd ONE 18,000 Mar-27 / Jun-27
21 AS CASPRIA 2,800 gls ZISS 40,700 Mar-27 / May-27
22 AS FREYA 1,300 grd King Ocean 16,250 Apr-27 / Jun-27
23 AS SVENJA 1,700 grd CMA CGM Retrofit 22,000 Apr-27 / Jun-27
24 AS ANGELINA 2,000 grd Maersk A/S 24,500 Jun-27 / Aug-27
25 AS NURIA 3,500 gls Maersk A/S Retrofit 25,150 Jun-27 / Aug-27
  • 1 Scheduled commencement of dry-docking. Actual timing depends, inter alia, on yard capacity and charter commitments
  • 2 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
  • 3 Sold, subject to successful handover
  • 4 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
  • 5 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
  • 6 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
  • 7 Index-linked charter rate 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
  • 8 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

MPC Container Ships | 03 2025 Earnings Presentation Appendix | 28

Min. period Max. period

FLEET EMPLOYMENT OVERVIEW

No Vessel Cluster Charterer Remark MPCC Current
Fixture (USD/day)
Nov-25 Dec-25 Jan-26 Feb-26 Mar-26 Apr-26 May-26 Jun-26 Jul-26 Aug-26 Sep-26 Oct-26 Nov-26 Dec-26 Min / Max
26 SEVILLIA 1,700 grd CMA CGM 21,000 Jun-27 / Aug-27
27 AS SOPHIA 1,700 grd Maersk A/S 21,500 $DD^1$ Jul-27 / Nov-27
28 AS NARA 3,500 gls Maersk A/S 25,150 Jul-27 / Sep-27
29 AS NINA 3,500 gls Maersk A/S Retrofit 30,000 Jul-27 / Sep-27
30 AS PENELOPE 2,500 gls Hapag-Lloyd 26,000 Sep-27 / Dec-27
31 AS SERENA 1,700 grd Maersk A/S 20,000 Sep-27 / Nov-27
32 AS NORA 3,500 grd CMA CGM Retrofit 28,000 Feb-28 / Apr-28
33 AS CALIFORNIA 2,800 gls Maersk A/S 24,000 23,000 2 Feb-28 / Apr-28
34 AS CYPRIA 2,800 gls Hapag-Lloyd 18,500 DD 1; 23, 000 Feb-28 / Jun-28
35 LIVORNO EXPRESS 3 3,800 grd Hapag-Lloyd Eco 33,250 DD 1 Mar-28 / Jun-28
36 GENOA EXPRESS 3 3,800 grd Hapag-Lloyd Eco 33,250 $DD^1$ Mar-28 / Jun-28
37 DETROIT EXPRESS 3 3,800 grd Hapag-Lloyd Eco 33,250 DD 1 Mar-28 / Jun-28
38 BARCELONA EXPRESS 3 3,800 grd Hapag-Lloyd Eco 33,250 DD 1 Mar-28 / Jun-28
39 AS CAMELLIA 2,800 gls Maersk A/S 24,000 23,000 2 Apr-28 / Aug-28
40 AS COLUMBIA 2,800 gls Maersk A/S Retrofit 24,000 DD 1 ; 23, 000² Apr-28 / Aug-28
41 AS CARELIA 2,800 gls Hapag-Lloyd 19,500 DD 1 23,000 Apr-28 / Aug-28
42 AS SIMONE 1,700 grd eco Maersk A/S Eco & Retrofit 20,880 4 17,000 Jun-28 / Nov-28
43 AS SILJE 1,700 grd eco Maersk A/S Eco & Retrofit 21,828 4 17,000 Jun-28 / Nov-28
44 AS SABINE 1,700 grd eco Maersk A/S Eco & Retrofit 21,828 4 17,000 Jun-28 / Nov-28
45 AS STINE 1,700 grd eco Maersk A/S Eco & Retrofit 21,828 4 Jun-28 / Nov-28
STADT DRESDEN 2,800 gls Hapag-Lloyd 19,500 20,000 DD 1 Jul-28 / Nov-28
47 AS CLAUDIA 2,800 gls Hapag-Lloyd 19,500 Nov-28 / Mar-29

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

MPC Container Ships | Q3 2025 Earnings Presentation Appendix | 29

Scheduled commencement of dry-docking. Actual timing depends, inter alia, on yard capacity and charter commitments Index-linked charter rate with a floor of USD 12,850 and a ceiling of USD 23,000 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)
Nov-25 Dec-25 Jan-26 Feb-26 Mar-26 Apr-26 May-26 Jun-26 Jul-26 Aug-26 Sep-26 Oct-26 Nov-26 Dec-26 Min / Max
48 AS MARIE 1 4,500 gls Top Tier Liner Eco / Ammonia ready Charter rate of USD 31,900 per day Jun-30 / Jul-30
49 AS MAIKE1 4,500 gls Top Tier Liner Eco / Ammonia ready Charter rate of USD 31,900 per day Sep-30 / Oct-30
50 AS METTE 1 4,500 gls Top Tier Liner Eco / Ammonia ready Charter rate of USD 31,900 per day Dec-30 / Jan-31
51 AS MARTHE1 4,500 gls Top Tier Liner Eco / Ammonia ready Charter rate of USD 31,900 per day Mar-31 / Apr-31
52 MACKENZIE 5,500 gls ZISS Eco 70,000 2 45,000 Jun-31/ Jul-31
53 COLORADO 5,500 gls ZISS Eco 70,000 2 45,000 Jul-31 / Sep-31
54 AS FRIEDERIKE 1,3 1,300 gls Unifeeder Dual-Fuel Methanol Charter rate of EUR 17,750 per day Dec-33 / Dec-33
55 AS ROSE 1 1,600 gls H C Top Tier Liner Eco Charter rate of USD 16,450 per day Jun-35 / Aug-35
56 AS REESE 1 1,600 gls H C Top Tier Liner Eco Charter rate of USD 16,450 per day Sep-35 / Nov-35
57 HT45-486 1 4,500 gls Top Tier Liner Eco Charter rate of USD 27,000 per day 4 Dec-37 / Apr-38
58 HT45-487 1 4,500 gls Top Tier Liner Eco Charter rate of USD 27,000 per day 4 Mar-38 / Jul-38
59 HT45-488 1 4,500 gls Top Tier Liner Eco Charter rate of USD 27,000 per day 4 May-38 / Sep-38
60 HT45-489 1 4,500 gls Top Tier Liner Eco Charter rate of USD 27,000 per day 4 Jun-38 / Oct-38
61 NCL VESTLAND 1,300 grd NCL Dual-Fuel Methanol 18,038 Nov-39 / Mar-40
62 NCL NORDLAND 1,300 grd NCL Dual-Fuel Methanol 17,856 18.053 eb-40 / Jun-40
Min. period Max. period Under construc ction

MPC Container Ships | Q3 2025 Earnings Presentation Appendix | 30

Periods are based on the latest schedule provided by the shipyard 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) To be renamed DP World Southampton after delivery

The charter includes two options, option 1 for 24 months +/- 45 days at USD 30,500 as well as option 2 for further 12 months +/- 45 days at USD 32,500

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.

MPC Container Ships | | Q3 2025 Earnings Presentation 31

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