MPC Container Ships (MPCC) Pareto Securities' 33rd Annual Energy Conference presentation summary

Market position and fundamentals

• Largest global provider in the feeder container segment, with strong supply and demand fundamentals supporting the business.

• Substantial earnings visibility secured through a significant revenue backlog and disciplined capital allocation.

• Resilient positioning in a dynamic container market, with a focus on modernization and fleet growth.

Financial and operational highlights

• Revenue backlog stands at USD 2.2bn, with charter coverage of 99% for 2026 and 88% for 2027.

• Operates 48 vessels at sea and 16 under construction, maintaining a leverage ratio of 28.4%.

• Pro-forma liquidity available is USD 680m, with 30 debt-free vessels and USD 1.1bn distributed to shareholders since 2022.

Market environment

• Charter and S&P markets remain firm due to tight supply and limited vessel availability, with forward fixture activity now extending to 2027.

• Asset prices remain elevated, and forward availability is near pandemic boom-era lows.

• Global container trade volumes grew 5.1% year-on-year, with emerging markets outpacing developed countries.