Höegh Autoliners (HAUTO) ABG Shipping Seminar presentation summary

Market position and strategy

• Leading global RoRo operator with a fully integrated organization and strong customer relationships.

• Committed to a net-zero shipping future, supported by a transformational green newbuilding program.

• Early investment in newbuilds enables flexibility to capitalize on vessel sale opportunities in a strong market.

• Limited exposure to overheated time charter market due to organic capacity growth.

Financial performance and shareholder returns

• Strong market fundamentals and consistently robust operating results since IPO.

• 100% of cash generation after debt, CAPEX, and taxes distributed to shareholders via quarterly dividends.

• Total shareholder returns of 800% since IPO in November 2021.

• Total dividend paid since start: USD 872 million, with regular increases in dividend per share.

Operational and financial metrics

• High net rate growth and utilization across all sailings, with net rate per CBM and volume remaining strong.

• Revenue and EBITDA have shown steady growth, with EBITDA margin consistently above 29% since listing.

• Book value of equity has grown steadily, with equity ratio remaining above 60% and NIBD/EBITDA at a low 0.5x.