MPC Container Ships ASA

Investor Presentation • Mar 6, 2025

MPC CONTAINER SHIPS DNB ENERGY & SHIPPING CONFERENCE

Constantin Baack, CEO

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 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 and only in circumstances where, in accordance with section 86(1) 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.

COMPANY OVERVIEW

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

#1 position

Largest tonnage provider in intra-regional trade worldwide

USD 1.1bn backlog

Firm charter backlog with 92% contract coverage in 2025 and 64% in 2026¹

Solid balance sheet management

High balance sheet flexibility with USD ~690m worth of 39 debt-free vessels³and28% leverage ratio

Listed on Oslo Stock Exchange

Since IPO in 2017, the company has proven strong growth to become a leading, well-capitalized tonnage provider

61 vessels ² With total capacity of ~144k TEU

Balanced capital allocations

Focus on shareholder value (USD 977m dividends) and fleet renewal (investment program of USD 600m)

DISTINCT FOCUS ON INTRA-REGIONAL TRADE IN GLOBAL MARKETS

MPCC IS A KEY PARTNER TO MANY RENOWN LINER OPERATORS

Largest customer is Maersk with 24x vessels on charter and 21x joint retrofits

FLEET EMPLOYMENT BY REGION¹

• » Feeder vessels play a crucial role in the supply chain by serving intra-regional trade lanes due to their versatility
• » Enhancing port connectivity and accessibility as well as operational flexibility

COMPANY OVERVIEW

STRONG EXECUTION TRACK RECORD POSITIONING FOR FURTHER VALUE CREATION

CAPITAL ALLOCATION

• ✓ Strong commitment to shareholder value
• ✓ Selective accretive acquisitions

• ✓ Residual value risk mitigation

• ✓ Maintain high balance sheet flexibility

• ✓ Reduce leverage on existing fleet
• ✓ Maintain high investment capacity

BALANCE SHEET MGMT PORTFOLIO & OPERATIONS

• ✓ Continuation of fleet renewal & optimization
• ✓ Focus on operational excellence

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

Vessels¹

3x Dual-Fuel Methanol 11x ECO Vessels

29x Vessels in Retrofit Program²

USD ~600m Investment Program for Fleet Renewal

MPC Container Ships | | 1) 2x currently under construction with deliveries in 2025 and 2026, 2) Including already retro-fitted vessels, ongoing retro-fits and vessels in pipeline for retro-fits. Vessels in retrofit program include 8 ECO Vessels. DNB Energy & Shipping Conference 5

CHARTER AND ASSET MARKETS HOLD STEADY AMID GROWING UNCERTAINTIES

THE OVERALL ECONOMIC SITUATION IS CREATING UNCERTAINTY…

… HOWEVER, CONTAINER MARKET REMAINS FIRM

SECOND-HAND DEMAND AND CHARTER RATES

• » Strong second-hand demand and even stronger charter rates
• » Forward availability is very limited
• » Longer charter periods prevail and continue to increase
• » Idle fleet remains less than 1%

MARKET TRENDS

AGEING FLEET AND LOW ORDERBOOK IN MPCC SEGMENT

329 349 171 102 288 385 2,000 1,500 1,000 500 0 Fleet >12k TEU 8-12k TEU 3-8k TEU 1-3k TEU <1k TEU 722 675 1,540 2,457 1,027 331 142 49 84 30 Orderbook OB as % of fleet % of fleet >20 years 46% 21% 3% 3% 3% 0% 11% 28% 26% 54% MPCC FOCUS 16-20y >25y 11-15y <10y 21-25y

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

COMPANY OUTLOOK

STRONG VALUE PROPOSITION

… PROVIDES DOWNSIDE RISK PROTECTION COMBINED WITH SIGNIFICANT UPSIDE POTENTIAL USDm

For detailed explanations to the backlog calculations, please refer to slide in appendix.

MPC Container Ships | | DNB Energy & Shipping Conference 8 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 4 March 2025, of NOK 16.91/share and USD/NOK 11.2, 3) Fleet Value based on charter-free values from VesselsValue.com dated 24 February 2025, including Newbuildings, 4) Recycling Value of the Fleet as per VesselsValue.com

KEY CLOSING REMARKS

• » Solid track record of good financial and operational performance
• » Sustained strong revenue backlog of USD 1.1bn and contract coverage of 92% of available trading days in 2025, and 64% of 2026
• » Flexible and solid balance sheet with low leverage ratio of 28%, supporting continued investments to deliver on our fleet renewal strategy
• » Solid fundament for continued value creation and growth, and delivering value to our shareholders in 2025 and beyond

OVERVIEW OF COUNTERPARTIES

APPENDIX TRADING UPDATE

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

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%

REFERENCES

SLIDE 8: STRONG VALUE PROPOSITION (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

SLIDE 13: 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.