MPC Container Ships ASA

Investor Presentation • Feb 25, 2025

Q4 2024 EARNINGS CALL

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

AGENDA

01 HIGHLIGHTS

02 MARKET UPDATE

03 COMPANY OUTLOOK

EXECUTIVE SUMMARY

Q4 AND FY2024 HIGHLIGHTS:

• » Strong financial and operational performance leading to Q4 adj. EBITDA of USD 72m and full year adj. EBITDA of USD 325m
• » Solid backlog, with coverage for 92% of open days in 2025 and 64% in 2026
• » Quarterly dividend of USD 0.09 per share for Q4 2024, bringing the total dividend for the year to USD 0.42
• » Continued fleet renewal strategy and increased focus on leveraging green financing solutions
• » Balance sheet remains robust, with leverage ratio of 28% and 39 debt-free vessels

FOR 2025:

• » Continue the ongoing fleet renewal and retrofit program, capitalize on the favorable market and continue to build strong partnerships
• » FY 2025 financial guidance for revenues of USD 515m-530m and EBITDA of USD 290m – 310m

2024 OPERATING REVENUES USD 541m

2024 ADJUSTED EBITDA USD 325m

2024 DIVIDENDS PER SHARE USD 0.42

BACKLOG USD 1.1bn

FINANCIAL AND OPERATIONAL PERFORMANCE

PROFIT OR LOSS					FINANCIAL KPIs
		Q4 2024	Q4 2023	FY 2024	FY 2023			Q4 2024	Q4 2023	FY 2024	FY 2023
Gross Revenues	USD m	130.0	152.8	540.9	711.3	Adj. EPS	USD	0.11	0.18	0.55	0.76
Adj. EBITDA	USD m	72.3	101.5	325.1	428.5	DPS	USD	0.09	0.13	0.42	0.64
						Op. Cash Flow	USD m	76.9	96.8	323.9	484.6
Adj. Net Profit	USD m	50.7	78.5	243.1	336.7
		BALANCE SHEET						OPERATIONAL KPIs
		Q4 2024	Q4 2023	FY 2024	FY 2023			Q4 2024	Q4 2023	FY 2024	FY 2023
Total assets	USD m	1,231	955	1,231	955	Adj. Average	USD/day	7,666	6,941	7,247	6,887
Net Debt (net cash)	USD m	211	4	211	4	OPEX1 Adj. Average TCE	USD/day	25,190	27,405	26,441	28,816

1 Adj. OPEX per day calculated as reported OPEX - tonnage taxes and reimbursements divided by no. of ownership days

MPC Container Ships | | 4 2 Utilization calculated as total trading days including off-hire days related to dry-dockings divided by no. of ownership days

CONTINUOUS STRONG CHARTER MARKET & FLEET RENEWAL IN EXECUTION

OPERATIONAL HIGHLIGHTS IN Q4 2024 & YTD 2025

CHARTERING

• » Strong charter market with very healthy rates and long period durations
• » Ongoing discussions on forward positions & only 9 open vessels remaining for 2025

#	DATE VESSEL	TEU	CHARTERER	CHARTER RATE (USD /D)	PERIOD (MONTHS)
1	Dec 24 AS FREYA	1200 grd	King Ocean	16,250	26 – 28
2	Dec 24 AS FLORIANA	1300 gls	CFS	17,650	12 – 14
3	Feb 25 AS ANITA	2000 gls	COSCO	23,600	24 – 26
4	Feb 25 AS ALEXANDRIA	2000 gls	MSC	23,500	24 – 26

OPERATIONS & PROJECTS

• » Takeover of 4x 3,800 TEU Eco vessels concluded during Q4 2024
• » Successful handover of AS Fenja and AS Paola in Q1 2025
• » First 1,300 TEU dual-fuel Methanol Newbuilding delivered in Q1 2025

3x Dual-Fuel Methanol Vessels

SIGNIFICANT PART OF THE FLEET IS ECO DESIGN OR TO BE RETROFITTED

2x currently under construction with deliveries in 2025 and 2026

11x ECO Vessels

Vessels optimized for lower speeds and fuel consumption

29x Vessels in Retrofit Program¹

Re-optimization by adding new equipment or changes to the hull and propeller to improve efficiency

USD ~600m Investment Program for Fleet Renewal

MPC Container Ships | | 1 Includes 15 vessels on which a Retrofit of Bulbous Bow and/or Pre-Swirl Device and/or New Propeller and/or Boss Cap Fin have been conducted. Out of 15 vessels, 4 vessels are also Eco Designs. On further 9 vessels small measures have been conducted, like Silicon Paint. On 5 five vessels, of which 4 belong to the ECO category further future retrofits are planned

Q4 2024 Earnings Presentation

5

DEBT FINANCING AND CAPITAL ALLOCATION

• » Total interest-bearing debt of USD 349 million:
  • » of which the five-year senior unsecured sustainability-linked bond is the largest position
  • » issuance of first ECA covered green loan in connection with the delivery of MPCC's 1,300 TEU dual-fuel newbuildings
  • » no maturities until Q3 2027
• » 39 debt-free vessels in the fleet, the leverage ratio remains low at 28%

COMMITTED TO SHAREHOLDER RETURNS

MPC Container Ships | | Q4 2024 Earnings Presentation

1 Dividend yield 2024 calculated as dividends paid out in 2024 divided by opening share price on Jan 2, 2024, of NOK 13.50/share.

2 Based on MPCC closing share price as of Feb 24, 2025, of NOK 18.425/share and USD/NOK 11.1

3 DPS of USD 0.09 to be paid on Mar 27, 2025, estimated to NOK 1.00 per share based on FX rate of 11.1

CONTINUED GOOD CASH GENERATION SUPPORTS FLEET RENEWAL AND DIVIDEND STRATEGY

CASH FLOW BRIDGE FOR Q4 2024

USD million

• » Continuing to invest in our fleet renewal, with investing cashflow mainly comprising of the investments in 4x 3,800 TEUs vessels, in addition to class renewals, vessel upgrades and regulatory investments
• » Financing cash flow driven by bond issue of USD 125m and utilization of new term loan of USD 30m

AGENDA

01 HIGHLIGHTS

02 MARKET UPDATE

03 COMPANY OUTLOOK

STRONG SECONDHAND DEMAND AND EVEN STRONGER CHARTER RATES

SECONDHAND PRICES AND TIME-CHARTER RATES

• » The timecharter market plateaued in Q4 2024, with strong charter rates due to low vessel availability and positive sentiment.
• » Secondhand sales recorded the third strongest year on record, with a total of 291 vessels and 1.0m TEU sold throughout the year. Despite a seasonal slowdown, there is continued buying interest, particularly from Chinese buyers focused on older feeder vessels and younger "eco" tonnage. The market also faces a tight supply of charter-free tonnage, especially for the first half of 2025.
• » In 2024, the newbuild market saw a boost in orders, with 3.7m TEU ordered from June to November. December remained strong with 14 vessels (256k TEU) ordered. The total for the year reached 380 vessels and 4.4m TEU, making it the second-best year for newbuilds.

CHARTER MARKETS HOLD STEADY IN Q4 AMID GROWING UNCERTAINTIES

FORWARD AVAILABILITY DROPPED SIGNIFICANTLY DURING 2024

» The substantial drawdown of open positions has help charter rates to remain healthy. Even after the election of US president Trump, charterers tried to secure vessels well in advance. As a result, forward fixing increased in Q4 2024.

CHARTER PERIODS ROSE IN Q4

30

• » The average duration of fixtures for vessels below 5.1k TEU increased to an average of 16.3 months. This is a year-over-year increase of 200%. However, due to the low availability of units the market was relative thin.
• » The non-operating owners' fleet can be still be deemed fully employed based on the very low count of idle vessels.

AGEING FLEET AND LOW ORDERBOOK IN MPCC SEGMENT

329 349 171 102 288 385 2,000 1,500 1,000 500 0 Fleet 17+kTEU 12-17kTEU 8-12k TEU 3-8k TEU 1-3k TEU <1k TEU 218 504 675 1,540 2,457 1,027 25+y 21-25y 16-20y 11-15y 6-10y 0-5y 96 235 142 49 84 30 Orderbook OB as % of fleet % of fleet >20 years 44% 47% 21% 3% 3% 3% 0% 0% 11% 28% 26% 54% MPCC FOCUS

AGE STRUCTURE OF FLEET AND ORDERBOOK BY NUMBER OF VESSELS

» In the segments from 1,000 TEU to 8,000 TEU, an orderbook of 133 vessels is facing an ageing fleet of 1,068 units, which are already older than 20 years.

» The orderbook-to-fleet ratios in the segments from 1,000 TEU to 8,000 TEU are relatively low and the share of the fleet that is older than 20 years is relatively high at the same time and thus offers considerable potential for fleet modernization

2025 MARKET OUTLOOK

KEY TOPIC	DESCRIPTION
Red Sea	» A potential return to the Red Sea could reduce average transport distances by ~12%, triggering reduced weekly cargo demand while networks are re-arranged » Continuously bypassing the Red Sea maintains the 12% TEU-mile boost
US Tariffs	» Trade tensions create investment uncertainties, impacting future trade growth » Escalating US tariffs could reorganize supply chains and strengthen trade among US partners, potentially neutralizing total container trade impact
Inventories	» Stabilized supply chains and tariffs may reduce inventories and cargo demand » Rising insecurities and tariff escalations could keep inventories high
Port Congestions	» Easing port congestion could free up vessel capacity » Potential Red Sea return might maintain port congestion challenges
Fleet Development Supply / Demand	» Orderbook-to-fleet ratio at 27% with 1.8m TEU planned for 2025 delivery » Supply growth expected to exceed demand growth by 1.7% in 2025 and 0.5% in 2026, indicating market easing » The largest vessels dominate the orderbook; significant potential for modernization below 8,000 TEU

AGENDA

• 01 HIGHLIGHTS
• 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

OVERVIEW OF UPCOMING CHARTER POSITIONS

NUMBER OF FIXED AND UPCOMING VESSELS¹

STRONG VALUE PROPOSITION: LOW RISK & SIGNIFICANT UPSIDE

COMMENTS

• » Current Enterprise value is fully covered by the projected EBITDA backlog of USD ~0.7bn and the recycling value
• » Further significant upside potential from existing fleet of 61 vessels and further earnings capacity

1 NIBD = net interest-bearing debt (gross debt – cash & cash equivalents) as of December 31, 2024

2 Based on MPCC closing share price as of Feb 24, 2025, of NOK 18.425/share and USD/NOK 11.1

3 Fleet Value based on charter-free values from VesselsValue.com dated 24 February 2025, including Newbuildings

MPC Container Ships | | Q4 2024 Earnings Presentation 17

4 Recycling Value of the Fleet as per VesselsValue.com

STRONG EXECUTION TRACK RECORD POSITIONING FOR FURTHER VALUE CREATION

Q4 2024 Earnings Presentation

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

SUMMARY

• » Solid Q4 2024 results
• » Sustained strong revenue backlog of USD 1.1bn and contract coverage of 92% of available trading days in 2025
• » Flexible and solid balance sheet with leverage ratio of 28%, supporting continued investments to deliver on our fleet renewal strategy
• » FY 2025 financial guidance for revenues of USD 515m – 530m and EBITDA of USD 290 m – 310m
• » Our financial position and robust operations have enabled us to enter the new year with a solid fundament for continued value creation and makes us confident in our ability to further drive growth and deliver value to our shareholders in 2025

QUESTIONS & ANSWERS

APPENDIX

2025 FINANCIAL GUIDANCE

92% CONTRACT COVERAGE FOR 2025, PROVIDES CONFIDENCE IN GUIDANCE ¹

• » We expect revenues in the range of USD 515m – 530m
• » EBITDA expectations in the range USD 290m – 310m
• » The above guidance is based on:
  • No further vessel sales or acquisitions during the year²
  • Continued rerouting of vessels around CoGH
  • Limited effects of new taxes and/or tariffs

MPC Container Ships | | 1 Revenue expectations are impacted by IFRS adjustments (accounting for font-loaded timecharter contracts), retrofit reimbursements as well as EU ETS related income and might be impacted by increased costs and extended off-hire related to dry dockings and cost inflation 2 Sale of AS Fenja that was completed in January 2025

OVERVIEW OF FINANCING FACILITIES

Facility	Type	Outstanding 31/12/24	Total capacity	Interest rate	#	Repayment profile	Maturity
HCOB	RCF	USD 0m	USD 100m/81.7m	295bps + SOFR	13	Commitment will be reduced starting in Mar 2024 – Dec 2027	Dec. 2027
CA-CIB	Term Loan	USD 93.0m	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
HCOB-Ecofeeder	Term Loan	USD 45.7m	USD 50m	280bps + SOFR	5 1	20 x quarterly installments of USD 1.2m + USD 26m balloon1	Oct. 2028
BoComm	Sale & Lease back	USD 39.4m	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	Term Loan (pre-delivery finance)	USD 15.6m	USD ~54.5m	230bps + SOFR	2	23 x semi-annual installments of 3.33% + 23.34% balloon	2037
First Citizen Bank	Term Loan	USD 30m	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 125m	USD 125m (Total Capacity USD 200m)	737.5bps	n/a	n/a	Oct. 2029

CALCULATION OF RECURRING DIVIDEND FOR Q4 2024

USD million	Q4 2024 1 (unaudited)
Operating revenue	130.0
EBITDA	83.3
Profit for the period	61.8
Adjustment related to vessel sales	-10.6
Adjusted profit for the period	51.2
No. of shares outstanding	443.7
Adjusted earnings per share (in USD)	0.12
75% declared as recurring dividend per share (in USD)	0.09
Recurring dividend in USD million	39.9

CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS

In USD thousands	Q4 2024	Q4 2023	FY 2024	FY 2023
	(unaudited)	(unaudited)	(unaudited)	(audited)
Operating revenues	129,951	152,830	540,860	711,282
Commissions	(3,202)	(4,364)	(14,433)	(20,000)
Vessel voyage expenditures	(5,726)	(1,303)	(19,195)	(9,898)
Vessel operation expenditures	(42,783)	(39,380)	(155,844)	(153,390)
Ship management fees	(2,591)	(2,635)	(9,865)	(9,999)
Share of profit or loss from joint venture	13	4	(395)	22,637
Gross profit	75,662	105,152	341,128	540,632
Administrative expenses	(4,438)	(3,753)	(17,732)	(14,805)
Other expenses	(2,183)	(7,595)	(3,861)	(9,338)
Other income	3,748	1,013	8,044	3,089
Gain (loss) from sale of vessels	10,552	(1,208)	21,145	(1,208)
Depreciation	(16,513)	(19,963)	(71,139)	(102,706)
Impairment	-	(34,926)	-	(79,378)
Operating profit	66,828	38,720	277,585	336,286
Finance income	2,816	3,365	9,422	7,841
Finance costs	(7,977)	(5,906)	(20,636)	(18,373)
Profit (loss) before income tax	61,667	36,179	266,371	325,754
Income tax expenses	67	(451)	323	(638)
Profit (loss) for the period	61,734	35,728	266,694	325,116
Attributable to:
Equity holders of the Company	61,734	35,706	266,683	324,961
Minority interest	0	22	11	155
Basic earnings per share – in USD	0.14	0.08	0.60	0.73
Diluted earnings per share – in USD	0.14	0.08	0.60	0.73

MPC Container Ships | | Q4 2024 Earnings Presentation 25

CONSOLIDATED STATEMENT OF FINANCIAL POSITION

in USD thousands	Dec 31, 2024 (unaudited)	Dec 31, 2023 (audited)
ASSETS
Non-current Assets
Vessels	1,003,460	691,291
Newbuildings	44,344	78,980
Right-of-use asset	264	84
Investments in associate and joint venture	5,245	2,934
Total non-current assets	1,053,313	773,289

Current Assets

TOTAL ASSETS	1,231,374	954,744
Total current assets	178,061	181,455
Cash and cash equivalents	125,696	117,579
Restricted cash	6,364	5,005
Financial instruments at fair value	1,060	1,951
Trade and other receivables	37,735	23,667
Inventories	7,206	8,088
Vessel held for sale	-	25,165

in USD thousands	Dec 31, 2024 (unaudited)	Dec 31, 2023 (audited)
EQUITY AND LIABILITIES
Equity
Share capital	48,589	48,589
Share premium	1,879	1,879
Other paid-in capital	286	-
Retained earnings	762,602	700,021
Other reserves	(260)	(843)
Non-controlling interest	4,524	3,835
Total equity	817,620	753,481

Non-current liabilities
Non-current Interest-bearing debt	299,237	92,951
Lease liabilities -long-term	79	-
Deferred tax liabilities	-	748
Total non-current liabilities	299,316	93,699

Current liabilities
Current interest-bearing debt	44,037	33,564
Trade and other payables	12,632	20,397
Derivative financial instruments - short term	101
Related party payables	72	21,459
Income tax payable	164	289
Deferred revenues	29,706	35,230
Other liabilities	27,726	17,022
Total current liabilities	114,438	107,564
TOTAL EQUITY AND LIABILITIES	1,231,374	954,744

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOW

	FY 2024	FY 2023
in USD thousands	(unaudited)	(audited)
Profit (loss) before income tax	266,371	325,754
Income tax expenses paid	-	(783)
Net change inventory and trade and other receivables	(13,004)	(1,171)
Net change in trade and other payables and other liabilities	9,155	(9,710)
Net change Other non-current assets/Other non-current liabilties	4,238	-
Net change in deferred revenues	(5,524)	(4,903)
Depreciation	71,139	102,706
Share-based payment	286	-
Finance costs (net)	11,214	10,532
Share of profit (loss) from joint venture	395	(22,637)
Impairment	-	79,378
(Gain) loss from sale of vessels and fixed assets	(19,331)	8,185
Amortization of TC contracts	(1,012)	(2,717)
Cash flow from operating activities	323,927	484,634

(4,005)	(404)
	41,000
-	484
5,258	3,938
974	-
(227,296)	(169,376)
(124,663)	(35,100)
(56,226)	(48,254)
92,982	55,653
	-

	FY 2024	FY 2023
in USD thousands	(unaudited)	(audited)
Dividends paid	(204,359)	(293,134)
Additions from non-controlling interest	935	1,421
Proceeds from debt financing	263,340	142,013
Repayment of long-term debt	(43,975)	(167,397)
Payment of principal of leases	(185)	(186)
Interest paid	(10,090)	(13,661)
Debt issuance costs	(7,082)	(3,594)
Other finance paid	(397)	-
Cash from /(to) financial derivatives	527	(970)
Cash flow from financing activities	(1,286)	(335,507)

Restricted cash, cash & cash equiv. at end of the period	132,060	122,584
Restricted cash, cash & cash equiv. at beginning of the period	122,584	125,517
Net foreign exchange difference	(189)
Net change in cash and cash equivalents	9,665	(2,933)

SLIDE 6: DEBT FINANCING AND CAPITAL ALLOCATION

• 1. Based on fleet per Q4 2024, incl. vessel held for sale. Including vessels to be delivered after Q4 2024 and Unifeeder JV Newbuilding currently under construction.
• 1. FMV = Fair Market Value based on VesselValue.com, dated Feb 20, 2025.
• 1. EBITDA Backlog as per end of Q4 2024.
• 1. Interest bearing debt outstanding as per end of Q4 2024 excluding debt issuance cost and interest accrued.
• 1. Encumbered vessels cash breakeven includes dry docking capex as well as debt service, cash breakeven for debt-free encumbered and unencumbered vessels does not include dry docking capex.
• 1. Arithmetic average of the applicable time charter rate on Feb 20, 2025.

SLIDE 15: 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 February 20, 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 8,510 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

FLEET EMPLOYMENT OVERVIEW

No	Vessel	Cluster	Charterer	Remark	MPCC Current Fixture (USD/day)	Feb-25	Mar-25	Apr-25	May-25	Jun-25 Jul-25	Aug-25	Sep-25 Oct-25	Nov-25	Dec-25 Jan-26	Feb-26 Mar-26	Min / Max
1	AS SVENJA	1,700 grd	CMA CGM	Retrofit	21,000	DD1										Feb-25 / Feb-25
2	AS NORA	3,500 grd	CMA CGM	Retrofit	40,000											Apr-25 / Jun-25
3	AS FRANZISKA	1,300 grd	Maersk		17,000				DD1							May-25 / Jun-25
4	AS FABIANA	1,300 grd	Maersk		29,500											May-25 / Jul-25
5	SEVILLIA	1,700 grd	Samudera		15,000											May-25 / Jul-25
6	AS PENELOPE2	2,500 gls	Hapag-Lloyd		16,950		DD1									Jun-25 / Aug-25
7	AS ANGELINA	2,000 grd	Maersk		36,500											Aug-25 / Oct-25
8	AS SERENA	1,700 grd	Maersk		20,300											Aug-25 / Nov-25
9	AS SOPHIA	1,700 grd	Maersk		38,000											Sep-25 / Nov-25
10	AS SIMONE	1,700 grd	Maersk	Eco & Retrofit	20,8093											Sep-25 / Sep-26
11	AS SILJE	1,700 grd	Maersk	Eco & Retrofit	19,2983											Oct-25 / Oct-26
12	AS SABINE	1,700 grd	Maersk	Eco & Retrofit	19,0553											Nov-25 / Nov-26
13	AS STINE	1,700 grd	Maersk	Eco & Retrofit	19,2983	DD1										Dec-25 / Dec-26
14	AS FILIPPA	1,300 grd	CMA CGM		13,500											Jan-26 / Mar-26
15	AS FABRIZIA	1,300 grd	King Ocean		11,000											Feb-26 / Apr-26
16	AS CYPRIA	2,800 gls	Hapag-Lloyd		16,825			18,500								Feb-26 / Apr-26
17	AS FLORIANA	1,300 gls	CFS		27,750	17,650										Feb-26 / Apr-26
18	AS FLORETTA	1,300 grd	Crowley		16,800											Mar-26 / May-26
19	AS FELICIA	1,300 grd	ZISS		24,000											Mar-26 / May-26
20	AS PATRIA	2,500 grd	KMTC		25,0004	DD1				15,500						Mar-26 / Jul-26
21	AS FIORELLA	1,300 grd	COSCO		15,000											Apr-26 / Jun-26
22	AS CARELIA	2,800 gls	Hapag-Lloyd		19,500											Apr-26 / Jun-26
23	AS ALVA	2,000 grd	MSC		15,500											Apr-26 / Jun-26
24	AS CARLOTTA	2,800 grd	ONE		25,500											May-26 / Jun-26
25	AS CLEMENTINA	2,800 gls	Unifeeder		21,178											May-26 / Jul-26

Min. period Max. period

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

The charter period includes charterers option to add the off-hire period in relation to vessels drydocking

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

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

FLEET EMPLOYMENT OVERVIEW

No	Vessel	Cluster	Charterer	Remark	MPCC Current Fixture (USD/day)	Feb-25	Mar-25	Apr-25	May-25	Jun-25 Jul-25	Aug-25 Sep-25	Oct-25	Nov-25	Dec-25	Jan-26 Feb-26	Mar-26	Min / Max
26	STADT DRESDEN	2,800 gls	Hapag-Lloyd		19,500												Jun-26 / Sep-26
27	AS CHRISTIANA	2,800 grd	Sea Consortium		26,800												Jul-26 / Aug-26
28	AS PIA	2,500 grd	Maersk	Retrofit	45,7501												Aug-26 / Jan-27
29	AS COLUMBIA	2,800 gls	Maersk	Retrofit	24,000	DD2											Sep-26 / Oct-26
30	AS CONSTANTINA	2,800 gls	COSCO		26,500			DD2									Sep-26 / Nov-26
31	AS SICILIA	1,700 grd	MSC		17,000												Sep-26 / Nov-26
32	AS CAMELLIA	2,800 gls	Maersk		24,000												Oct-26 / Dec-26
33	AS CLAUDIA	2,800 gls	Hapag-Lloyd		19,500												Oct-26 / Jan-27
34	AS PALINA	2,500 HR grd	Maersk	Retrofit	45,7503												Oct-26 / Apr-27
35	AS SELINA	1,700 grd	Maersk		22,0884												Nov-26 / Jan-27
36	AS SAVANNA	1,700 grd	Maersk	Retrofit	22,0884												Nov-26 / Jan-27
37	AS CAROLINA	2,800 gls	ZISS		41,000												Nov-26 / Jan-27
38	AS PETRONIA	2,500 HR grd	Maersk	Retrofit	45,750												Nov-26 / May-27
39	AS CALIFORNIA	2,800 gls	Maersk		24,000												Dec-26 / Feb-27
40	AS ANNE	2,200 grd	OOCL	Eco	25,500												Dec-26 / Feb-27
41	AS SABRINA	1,700 grd	Maersk	Retrofit	22,0884												Dec-26 / Feb-27
42	AS SAMANTA	1,700 grd	Maersk	Retrofit	22,0884												Jan-27 / Mar-27
43	AS SARA	1,700 grd	Maersk	Retrofit	23,250	DD2 / 12,5004											Feb-27 / Apr-27
44	AS PAMELA	2,500 grd	EMC		26,500												Mar-27 / Apr-27
45	AS ALEXANDRIA	2,000 gls	SCI		13,500		MSC – 23,500										Mar-27 / May-27
46	AS CASPRIA	2,800 gls	ZISS		40,700												Mar-27 / May-27
47	AS ANITA	2,000 gls	COSCO		18,000		DD2 / 23,600										Mar-27 / May-27
48	AS SUSANNA	1,700 grd	ONE		39,990		18,000	DD2									Mar-27 / Jun-27
49	AS FREYA	1,300 grd	Maersk		28,000		King Ocean –	16,250									Apr-27 / Jun-27
50	AS NURIA	3,500 gls	Maersk	Retrofit	25,150												Jun-27 / Aug-27

Min. period Max. 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

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

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

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

FLEET EMPLOYMENT OVERVIEW

No	Vessel	Cluster	Charterer	Remark	MPCC Current Fixture (USD/day)	Feb-25	Mar-25	Apr-25 May-25	Jun-25	Jul-25	Aug-25	Sep-25	Oct-25	Nov-25	Dec-25	Jan-26	Feb-26	Mar-26	Min / Max
51	AS NARA	3,500 gls	Maersk		25,150														Jul-27 / Sep-27
52	AS NINA	3,500 gls	Maersk	Retrofit	18,250		30,000	DD1											Jul-27 / Sep-27
53	LIVORNO EXPRESS2	3,800 grd	Hapag-Lloyd	Eco	16,700						Hapag-Lloyd –		33,2503						Mar-28 / Jun-28
54	DETROIT EXPRESS2	3,800 grd	Hapag-Lloyd	Eco	16,700						Hapag-Lloyd –		33,2503						Mar-28 / Jun-28
55	GENOA EXPRESS2	3,800 grd	Hapag-Lloyd	Eco	16,700						Hapag-Lloyd –		33,2503						Mar-28 / Jun-28
56	BARCELONA EXPRESS2 3,800 grd		Hapag-Lloyd	Eco	16,700						Hapag-Lloyd –		33,2503						Mar-28 / Jun-28
57	MACKENZIE	5,500 gls	ZISS	Eco	70,0004														Jun-31 / Jul-31
58	COLORADO	5,500 gls	ZISS	Eco	70,0004														Jul-31 / Sep-31
59	H2530	1,300 gls	Unifeeder	Dual-Fuel Methanol		Charter rate of EUR 17,750 per day										Dec-33 / Dec-33
60	NCL VESTLAND	1,300 grd	NCL	Dual-Fuel Methanol	EUR 16,892														Nov-39 / Mar-40
61	NCL NORDLAND	1,300 grd	NCL	Dual-Fuel Methanol				EUR 16,3005											Jan-40 / May-40

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)

Base charter rate of 16,300 EUR per day increasing by 1.1% each year on January 1st. The final rate to also incorporate any adjustments for constructional agreements.

FINANCIAL CALENDAR

10 April 2025	Annual and Sustainability Report 2024
8 May 2025	Annual General Meeting 2025
26 May 2025	Q1 2025 Report
26 August 2025	Q2 2025 Report
27 November 2025	Q3 2025 Report
24 February 2026	Q4 2025 Report

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.

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