Höegh Autoliners ASA (HAUTO) – October 2024 Trading Update

07 Nov 2024 07:00 CET

In October 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 (August - October) was 3.3 million cbm.

Average prorated gross freight rate in October 2024 was USD 101.8 per cbm (+0.3%
compared to average gross rate in Q3 2024). Average prorated gross freight rate
in the last three months was USD 102.0 per cbm.

Average prorated net freight rate in October 2024 was USD 88.8 per cbm (+2.4%
compared to average net rate in Q3 2024). Average prorated net freight rate last
three months was USD 87.2 per cbm.

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

Andreas Enger, CEO Höegh Autoliners, comments: “Fourth quarter has started well
for Höegh Autoliners and rates achieved in October are close to record levels.
We continue to increase the share of cargo coming from strategic customers with
whom we have long-term contracts and in October 80% of the cargo was in this
category. Höegh Borealis was delivered from the shipyard mid-October and is now
on her maiden voyage from Asia to Europe. With two of the newbuilds now on water
and two more to be delivered in January our lifting capacity will gradually
increase in the months to come. High Heavy and Break Bulk share in October was
23%, somewhat lower than the 3 months average of 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

631474_2024 10 Data table.pdf