Höegh Autoliners ASA – Annual report 2022

31 Mar 2023 07:30 CEST

Oslo, 31 March 2023: Höegh Autoliners ASA ("Höegh Autoliners" or the "Company",
ticker code “HAUTO”) today publishes the annual report for the year ending on 31
December 2022, combining both financial and sustainability reporting. This
acknowledges the increasing significance of the environmental, social, and
governance aspects of reporting to our stakeholders, emphasizing the Company’s
unwavering focus to be the leading green partner for RoRo shipping.

Highlights of the year:

• Record financial performance in 2022: USD 1,270 million in Group revenue (up
34% Y-o-Y), USD 447 million in operating profit before depreciation,
amortization, and impairment (EBITDA) (up 120% Y-o-Y), USD 299 million in profit
of the year (up 139% Y-o-Y). Equity ratio per 31.12.2022 was 61% (up from 48%
per end of 2021).
• Refinancing of existing mortgage concluded in Q2 2022 on attractive market
terms, significantly reducing annual downpayment. Financing for the first 8
Aurora class vessels secured.
• Firm order of the first 8 Aurora class vessels placed during the first half of
2022, with option and slot reservation for another 8 that could be declared in
the near future. Purchase options for 5 vessels on long term leased were
declared, significantly reducing charter cash cost and exposure to the charter
market.
• Höegh Autoliners was one of the first shipping companies to join the First
Mover Coalition in September 2022, committing to run at least 5% of deep sea
shipping on zero emission fuel by 2030. The Company was also among top 5%
companies evaluated to receive EcoVadis Gold medal rating for sustainability.

Andreas Enger, CEO of Höegh Autoliners, comments: “2022 has been a year of
extraordinary progress for us: continued operational excellence, sharply
improving market conditions, signing of 8 firm Aurora vessels with another 8
options to go, and a substantial improvement in our financial structure and
reduction of leverage. I would like to thank our customers, business partners,
suppliers, investors and our 1600 employees around the world for their
dedication and support on our journey toward a more sustainable shipping
future”.

Please find Höegh Autoliners’ 2022 annual report attached. The report will also
be made available on the Company’s website under Report and Presentation, in PDF
and ESEF format.


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.

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.

More information:
Access the news on Oslo Bors NewsWeb site

586798_Höegh Autoliners Annual Report 2022 ESEF.zip
586798_Höegh Autoliners_Annual Report 2022.pdf