Höegh Autoliners ASA (HAUTO) – November 2023 Trading Update

07 Dec 2023 07:00 CET

In November 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 (September - November) was 4.0 million CBM.

Average prorated gross freight rate in November 2023 was USD 95.5 per cbm.
(+5.6% compared to average gross rate in Q3 2023). Average prorated gross
freight rate in the last three months was USD 95.5 per cbm.

Average prorated net freight rate in November 2023 was USD 83.6 per cbm. (+6.5%
compared to average net rate in Q3 2023). Average prorated net freight rate last
three months was USD 83.0 per cbm.

HH/BB share of prorated volumes carried in November was 23%. Last three months
the prorated HH/BB share was 25%.

Andreas Enger, CEO comments “November was another strong month for Höegh
Autoliners. We continue to see the effect of contract renewals at sustainable
rate levels and a continuous strong spot market in all our Trades. Net rate for
November is the second highest on record and we continue to serve our customers
with full vessels on all sailings. Transported volume is stable at around 4
million cbm per quarter”.

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

605858_2023 11 Data table.pdf