Höegh Autoliners ASA (HAUTO) – August 2024 Trading Update

06 Sep 2024 07:00 CEST

In August 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 (June - August) was 3.5 million cbm.

Average prorated gross freight rate in August 2024 was USD 103.6 per cbm (+7.6%
compared to average gross rate in Q2 2024). Average prorated gross freight rate
in the last three months was USD 99.7 per cbm.

Average prorated net freight rate in August 2024 was USD 88.9 per cbm (+6.9%
compared to average net rate in Q2 2024). Average prorated net freight rate last
three months was USD 86.4 per cbm.

HH/BB share of prorated volumes carried in August was 26%. Last three months the
prorated HH/BB share was 24%.

Andreas Enger, CEO of Höegh Autoliners, comments: “Höegh Autoliners continue to
see very good cargo support from our customers. August represents another month
with record high freight rates due to the ongoing cargo repricing and our focus
on optimizing the trade network and cargo mix. We expect monthly fluctuations in
the monthly volumes and rates depending on factors such as trade and cargo mix
and vessels positions. Volumes in August were in line with average volumes in
the last months and capacity is still a limiting factor. High Heavy and
Break-Bulk share of cargo transported was slightly higher than the average for
the last three months.”

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

627175_2024 08 Data table.pdf