Höegh Autoliners ASA (HAUTO) - December 2022 Trading Update

12 Jan 2023 07:00 CET

In December 2022 Höegh Autoliners (the Company, ticker code “HAUTO”) transported
1.4 million cbm of cargo on prorated basis. Transported cargo the last three
months (Oct-Dec) was 4.1 million cbm.

Average prorated gross freight rate in December 2022 was USD 82.3 per cbm.
(+2.0% compared to average gross rate in Q3 2022). Average prorated gross
freight rate last three months was USD 86.2 per cbm.

Average prorated net freight rate in December 2022 was USD 63.6 per cbm. (+1.8%
compared to average net rate in Q3 2022). Average prorated net freight rate last
three months was USD 68.3 per cbm.

HH/BB share of prorated volumes carried in December 2022 was 25%. Last three
months the prorated HH/BB share was 26%.

Andreas Enger, CEO comments: “In the prorated numbers for December, we see a
temporary increase in FNLV volumes from legacy contracts driven by a push to get
volumes out before year end. This leads to a dip in rate and cargo mix
development for December, but still a strong development for the fourth quarter.
We expect the cargo mix to normalise during the first quarter of 2023, and we
continue to see strong rates and HH demand into 2023.”

For further information, please contact:

Andreas Enger, CEO
andreas.enger@hoegh.com
+47 901 31 228

Per Øivind Rosmo, CFO
per.oivind.rosmo@hoegh.com
+47 400 39 938

Investor Relations
ir@hoegh.com

Media contact:
Camilla Knappskog, Head of Communications
camilla.knappskog@hoegh.com
+47 926 66 156

About Höegh Autoliners:
Höegh Autoliners is a leading global provider of RoRo (Roll On Roll Off)
transportation services delivering cars, high and heavy and breakbulk cargoes
across the world. The Company operates around 40 RoRo vessels in global trade
systems and makes about 3 000 port calls each year. Our purpose is to develop
innovative solutions for greener and more sustainable deep sea transportation.
We are on a path to a zero emissions future and are working closely with
customers and partners to achieve this. Höegh Autoliners has its head office in
Oslo, Norway and employs around 375 people in its 16 offices worldwide and
around 1 250 seafarers.

Forward-looking statements
This announcement includes forward-looking statements. Such statements are
generally not historical in nature, and specifically include statements about
the Company's plans, strategies, business prospects, changes and trends in its
business, and the markets in which it operates. These statements are made based
upon Company's current plans, expectations, assumptions and beliefs concerning
future events impacting the Company and therefore involve a number of risks,
uncertainties and assumptions that could cause actual results to differ
materially from those expressed or implied in the forward-looking statements,
which speak only as of the date of this news release. Consequently, no
forward-looking statement can be guaranteed. When considering these
forward-looking statements, you should keep in mind the risks described from
time to time in the Company's regulatory filings and periodical reporting. The
Company undertakes no obligation to update any forward-looking statements to
reflect events or circumstances after the date on which such statement is made
or to reflect the occurrence of unanticipated events. New factors emerge from
time to time, and it is not possible for the Company to predict all of these
factors. Further, the Company cannot assess the impact of each such factor on
its business or the extent to which any factor, or combination of factors, may
cause actual results to be materially different from those contained in any
forward-looking statement.

More information:
Access the news on Oslo Bors NewsWeb site

580005_2022 12 Monthly trading update data.pdf