Höegh Autoliners ASA (HAUTO) – January 2023 Trading Update

07 Feb 2023 07:00 CET

In January 2023, Höegh Autoliners (the Company, ticker code “HAUTO”) transported
1.4 million cbm of cargo on prorated basis. Transported cargo the last three
months (Nov-Jan) was 4.2 million cbm.

Average prorated gross freight rate in January 2023 was USD 83.9 per cbm. (-2.7%
compared to average gross rate in Q4 2022). Average prorated gross freight rate
last three months was USD 84.7 per cbm.

Average prorated net freight rate in January 2023 was USD 69.2 per cbm. (+1.3%
compared to average net rate in Q4 2022). Average prorated net freight rate last
three months was USD 67.6 per cbm.

HH/BB share of prorated volumes carried in January was 24%. Last three months
the prorated HH/BB share was 25%.

Andreas Enger, CEO comments: “The strong momentum we saw in Q4 2022 has
continued into 2023 and January, normally a quiet period, shows an increase in
net freight rate of 1.3% compared to the average in Q4. Gross rate is somewhat
lower than the average in Q4 following from lower bunker compensation from
reduced bunker prices. Total volume and HH/BB share are at the same level as we
have seen the last months and all sailings are full and vessel capacity fully
utilised. The reduced HH/BB share compared to the 30-33% reported through most
of 2022 is a function of some strategic choices in some non-core trades and an
increase in contracted car volumes.”

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 390 people in its 16 offices worldwide and
around 1 170 seafarers.

More information:
Access the news on Oslo Bors NewsWeb site

581485_2023 01 Data table.pdf