Höegh Autoliners ASA (HAUTO) – May 2024 Trading Update

07 Jun 2024 07:00 CEST

In May 2024, Höegh Autoliners (the Company, ticker code “HAUTO”) transported 1,2
million CBM of cargo on prorated basis. Transported cargo in the last three
months (March - May) was 3.6 million CBM.

Average prorated gross freight rate in May 2024 was USD 97.2 per cbm. (-1.2%
compared to average gross rate in Q1 2024). Average prorated gross freight rate
in the last three months was USD 97.6 per cbm.

Average prorated net freight rate in May 2024 was USD 83.0 per cbm. (-0.6%
compared to average net rate in Q1 2024). Average prorated net freight rate last
three months was USD 83.6 per cbm.

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

Andreas Enger, CEO of Höegh Autoliners, comments: “I am pleased to report
another month with stable and solid performance. Capacity is still the limiting
factor, and we continue to serve and prioritize long-term strategic customers.
The share of cargo transported under contract has increased to above 75%.
Volumes increased somewhat from April and rates are stable at record high
levels. High and heavy and Break-Bulk cargo accounted for 25% of shipments in
May”.

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

620930_2024 05 Data table.pdf