Höegh Autoliners ASA (HAUTO) – March 2023 Trading Update

12 Apr 2023 07:00 CEST

In March 2023, Höegh Autoliners (the Company, ticker code “HAUTO”) transported
1.3 million cbm of cargo on prorated basis. Transported cargo in the last three
months (Jan-Mar) was 4.0 million cbm.

Average prorated gross freight rate in March 2023 was USD 96.1 per cbm. (+11.4%
compared to average gross rate in Q4 2022). Average prorated gross freight rate
the last three months was USD 87.9 per cbm.

Average prorated net freight rate in March 2023 was USD 79.8 per cbm. (+16.9%
compared to average net rate in Q4 2022). Average prorated net freight rate last
three months was USD 73.8 per cbm.

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

Andreas Enger, CEO comments: “We continued to see strong demand from the
contract and spot customers in our deep-sea routes in March. Net freight rates
increased to new record levels following from a better cargo and trade mix than
normal. Volumes are somewhat lower than in recent months mainly caused by more
waiting and delays, especially in Australian ports, resulting in longer voyages.
We are taking some preventive actions but expect both volumes and rates to be
volatile going forward. As we are making good progress in renewing contracts at
higher rate levels, the underlying trend for rates remains positive. The share
of spot cargo will have an impact on the reported rates on a month-by-month
basis and March was in this respect somewhat more favourable than the expected
average.”

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

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