Höegh Autoliners ASA (HAUTO) – February 2023 Trading Update

07 Mar 2023 07:00 CET

In February 2023, Höegh Autoliners (the Company, ticker code “HAUTO”)
transported 1.3 million cbm of cargo on prorated basis. Transported cargo the
last three months (Dec-Feb) was 4.1 million cbm.

Average prorated gross freight rate in February 2023 was USD 83.7 per cbm.
(-3.0% compared to average gross rate in Q4 2022). Average prorated gross
freight rate last three months was USD 83.3 per cbm.

Average prorated net freight rate in February 2023 was USD 72.3 per cbm. (+5.8%
compared to average net rate in Q4 2022). Average prorated net freight rate last
three months was USD 68.4 per cbm.

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

Andreas Enger, CEO comments: “The market for Höegh Autoliners’ deep sea RoRo
services continue to be strong, and the net average rate achieved in February
increased to USD 72.3 per cbm. The net rate we had in February is the highest so
far in this cycle and the main drivers are repricing of contract cargo in
combination with a strong spot market. The gross rate in February was USD 83.7
per cbm, marginally down from January as BAF compensation was reduced following
lower bunker prices. The reduction in volume in February from an average of 1.4
million cbm per month the last months to 1.3 million cbm is a function of fewer
days in February. All vessels are full on all sailings and utilisation is high”.


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

584392_2023 02 Data table.pdf