Höegh Autoliners (HAUTO) Pareto Securities' Annual Energy Conference presentation summary

Market position and business model

• Leading global RoRo operator with a fully integrated organization and longstanding customer relationships, serving both contract and spot markets.

• Operates 11 major trade routes with 16 offices, over 3,000 annual port calls, and a workforce of ~1,700.

• Maintains a flexible fleet of 35 vessels, with the largest average vessel size in the car carrier industry and a focus on economies of scale.

• Key cargo segments include factory new and pre-owned vehicles, high & heavy, and breakbulk, with a strong OEM customer base.

• Holds a market-leading position on several trade routes, supported by over 40 years of OEM relationships.

Sustainability and fleet development

• Committed to net-zero shipping by 2040, with a transformational green newbuilding program and ongoing fleet efficiency improvements.

• Outperforms segment carbon intensity average by 10%, offering the lowest emissions in the industry.

• Eleven newbuilds scheduled for delivery between 2024-2027, further increasing fleet efficiency and capacity.

• Early newbuilding program enables exploration of vessel sale opportunities in a strong market.

Financial performance and shareholder returns

• Achieved strong operating results and market fundamentals, with high net rates and solid contract backlog.

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

• Total shareholder returns of nearly 700% since IPO in November 2021, with $872 million in dividends paid.

• Maintains a robust balance sheet with a low NIBD/EBITDA ratio of 0.5x and an equity ratio above 60%.

• Significant reduction in financing cost per CBM from 2019 to 2028, with 22 vessels debt free and attractive terms for newbuilds.