Höegh Autoliners ASA (HAUTO) – June 2024 Trading Update

08 Jul 2024 07:00 CEST

In June 2024, Höegh Autoliners (the Company, ticker code “HAUTO”) transported
1,1 million cbm of cargo on prorated basis. Transported cargo in the last three
months (April - June) was 3.5 million cbm.

Average prorated gross freight rate in June 2024 was USD 94.9 per cbm (-3.4%
compared to average gross rate in Q1 2024). Average prorated gross freight rate
in the last three months was USD 96.3 per cbm.

Average prorated net freight rate in June 2024 was USD 83.1 per cbm (-0.5%
compared to average net rate in Q1 2024). Average prorated net freight rate last
three months was USD 83.2 per cbm.

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

Andreas Enger, CEO of Höegh Autoliners, comments: “June was another strong month
for Höegh Autoliners with high net rates backed by strong customer support. The
share of cargo transported for strategic customers with whom we have long-term
contracts has during the year increased from around 70% to above 75%. The net
freight rate is stable and at historically high levels. Available capacity
(volumes) in June was somewhat reduced due to maintenance of vessels and more
waiting times/delays than in the previous months. The HH/BB share is stable at
25%”.


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

623193_2024 06 Data table.pdf