Slides
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Stock code 2603 Ian Huang 1 Evergreen Marine Corp . 2026 Investor Conference
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Legal Disclaimer ” 2 The information contained in this presentation, including all forward- looking information, is subject to change without notice, whether as a result of new information, further events or otherwise, and Evergreen Marine Corp. (the “Company”) undertakes no obligation to publicly update or revise the information contained in this presentation. Investor should not regard the above forward-looking information as legally binding but as information subject to change. No guarantees regarding the completeness, accuracy, and reliability of information contained are made explicitly or implicitly. They are not intended to represent complete statement of the company, industry or future development. Any part of this document may not be reproduced directly or indirectly for any purpose and distributed or transmitted to any other person (whether within or outside the company or company).
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Agenda Financial Information Container Shipping Outlook Business Strategy 3
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4 Company Overview
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1 Company Overview World RankingGroup Fleet - Vessels - 7th242 Global Coverage - Countries - 101 Owned Terminals 14 Global Offices & Agents 293 2026 Lifting －Millions TEU－ 10+ 5 Operational Capacity －Millions TEU－ 2.04 Capacity Market Share 5.9%
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6 Financial Information
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2 Financial Information Consolidated Income Statement 2026 H1 7 Port/Terminal Charge 38% Connecting Expense 10%Ship Rental/Slottage Expense 2% Fuel Cost 22% Others 28% Ship Rental and Slottage Income 1.20% Others 5.84% Marine Freight Income 92.96% Operating Revenue Operating Cost Item 2026 H1 Operating Revenue 191,672 Operating Cost (154,302) Gross Profit (Loss) 37,371 Operating Income (Loss) 28,306 Net Income (Loss) 25,033 Profit (Loss), attribute to owners of the parent 24,337 EBITDA 54,309 EBITDA Margin (%) 28.33% EPS (NT$) 11.24 Unit: NT$ Millions
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Financial Ratios2 8 218.09% 208.10% 209.60% 132.12% 155.51% 159.70% 161.20% 138.81% 34.53% 34.10% 33.31% 40.29% 33.63% 34.45% 35.30% 39.75% 0% 50% 100% 150% 200% 250% 300% 2024 Q3 2024 Q4 2025 Q1 2025 Q2 2025 Q3 2025 Q4 2026 Q1 2026 Q2 Current Ratio Debt Ratio Financial Information
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Quarterly Consolidated Operating Income, Gross Profit Margin & Net Income Margin2 9 NT$100 Millions 1,528 1,158 1,100 865 969 857 865 1,052 41.43% 27.55% 25.31% 13.13% 22.78% 10.48% 10.05% 15.54% 52.59% 35.34% 30.28% 21.62% 26.15% 17.92% 15.48% 22.80% 0% 10% 20% 30% 40% 50% 60% 0 200 400 600 800 1,000 1,200 1,400 1,600 1,800 2024 Q3 2024 Q4 2025 Q1 2025 Q2 2025 Q3 2025 Q4 2026 Q1 2026 Q2 Operating Income Net Income Margin (%) Gross Profit Margin (%) Financial Information
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Quarterly Consolidated Operating Income2 10 NT$100 Millions 1,708 1,750 1,704 1,110 668 674 728 697 886 1,063 1,528 1,158 1,100 865 969 857865 1,052 0 200 400 600 800 1,000 1,200 1,400 1,600 1,800 2,000 Q1 Q2 Q3 Q4 2022 2023 2024 2025 2026 Financial Information
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Consolidated Operating Revenue, Volume and Fuel2 11 88 93 93 91 90 91 96 95 82 87 92 97 92 92 92 1,066 1,149 1,092 1,027 921 909 930 993 967 915 995 1,063 1,271 1,539 1,577 483 476 483 473 464 456 444 425 413 427 516 680 739 749 696 0 200 400 600 800 1,000 1,200 1,400 1,600 1,800 2,000 202506 202507 202508 202509 202510 202511 202512 202601 202602 202603 202604 202605 202606 202607 202608 0 50 100 150 200 250 300 350 400 450 500 Cargo Volume Average O/F Rate Fuel Price/Ton (10 thousands TEU) (USD/TEU) (USD/TON) 10 thousands TEU USD Financial Information
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12 Container Shipping Outlook
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3 Container Shipping Outlook World Economic Outlook Source: IMF WORLD ECONOMIC OUTLOOK UPDATE, JULY 2026 13 3.5 3.0 3.4 0 2 4 2025 2026 2027 WORLD GROWTH PROJECTIONS BY REGION 2.1 2.3 2.2 2 2.2 2.4 2025 2026 2027 United States 1.4 0.9 1.2 0 1 2 2025 2026 2027 Euro Area 2.4 2.4 2.7 0 2 4 2025 2026 2027 Latin America & The Caribbean 3.7 0.7 6.5 0 2 4 6 2025 2026 2027 Middle East & Central Asia 4.5 4.3 4.5 0 2 4 2025 2026 2027 Sub-Saharan Africa The shadow of war, technological innovation, and stable growth 5.0 4.6 4.1 0.0 2.5 5.0 2025 2026 2027 China
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PMI of major economies 47 48 49 50 51 52 53 54 2025 Q1 2025 Q2 2025 Q3 2025 Q4 2026 Q1 2026 Q2 US PMI EU PMI CN PMI Source: News Report The threshold of PMI 3 14 With the US and Europe rising and China stabilizing, the economy is recovering. Given the unpredictability of economic shifts, the focus must shift from forecasting to fostering operational resilience and agility. Container Shipping Outlook 50
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Supply & Demand Source: ALPHALINER MM SEP, 2026 1.8 3.8 5.8 4.0 2.9 4.5 4.1 8.2 10.3 7.2 4.7 1.8 7.6 3.8 2.5 -1.1 7.2 0.3 -0.3 4.5 3.5 2.5 -10 -5 0 5 10 15 0 5 10 15 20 25 30 35 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 F Cellular Fleet Growth vs Global Throughput Fleet Capacity(year end, Mteu) % Annual Capacity Growth % Global Throughput Growth 3 15 Effective Capacity parameters: Cargo space classification, Detour losses, Port congestion, Blank sailings and Cancelled voyages, weather disruptions, Dry -docking and maintenance, Slow steaming . Container Shipping Outlook Effective capacity, Network structure, Turnaround efficiency, and Regional trade flow.
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Geopolitical risks & Extreme weather3 16 Middle East situation US-China strategic competitionRussia-Ukraine War Protracted wars, strategic competition, and extreme weather continue to drive up transportation costs and increase uncertainty in shipping schedules, ports, and supply chains. Panama Canal Rhine River Strait of Hormuz Hurricane Typhoon Container Shipping Outlook Strait of Hormuz, Panama Canal, Rhine River, and Ocean navigation safety.
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Global supply chains and economic security3 0% 4% 8% 12% 16% 20% 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 FE Market Share (TPEB) JP HK KH TW KR TH ID PH MY VN SG 50% 55% 60% 65% 70% 75% 80% 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 CN Market Share (TPEB) 68.42% 6.42% 52.10% 18.50% VN Supply： China + 1 Demand：USA + 1 Source: Datamyne 17 Container Shipping Outlook Security vs. Efficiency; The Great Transshipment Scam (USA) (01-07) (01-07)
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Market Freight Indicators Source: Shanghai Shipping Exchange - 2,000 4,000 - 5,000 10,000 24 Q1 24 Q2 24 Q3 24 Q4 25 Q1 25 Q2 25 Q3 25 Q4 26 Q1 26 Q2 26 Q3 Shanghai Containerized Freight Index SCFI USWC USEC ERU MED 1,715 1,931 3,208 2,881 4,553 3,847 1,655 1,856 2,686 2,941 1,000 3,000 5,000 2025 H1 2026 H1 3 18 Various variables and market differentiation Container Shipping Outlook
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Global oil prices vs Operating Costs 64.50 91.16 98.66 99.09 81.87 79.44 78.8871.15 103.89 120.55 107.55 85.47 83.41 89.24 50.00 70.00 90.00 110.00 130.00 Feb Mar Apr May Jun Jul Aug WTI BRENT WTI and BRENT price 2024 2025 2026 Jan - Aug 22% 21% 23% 30 20 10 Fuel cost of operating cost (%) 3 19 Container Shipping Outlook
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20 Business Strategy
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4 Business Strategy Ocean Alliance Day 10 2026/04/01 – 2027/03/31 38 373 508 Millions TEU Day 9 2025/04/01 – 2026/03/31 38 367 495 Millions TEU Day 8 2024/04/01 – 2025/03/31 37 338 480 Millions TEU Day 7 2023/01/01 – 2024/03/31 40 330 462 Millions TEU Day 6 2022/04/01 – 2022/12/31 42 333 443 Millions TEU Day 5 2021/04/01 – 2022/03/31 39 334 403 Millions TEU Day 4 2020/04/01 – 2021/03/31 39 352 391 Millions TEU Day 3 2019/04/01 – 2020/03/31 39 353 386 Millions TEU Day 2 2018/04/01 – 2019/03/31 42 355 371 Millions TEU Day 1 2017/04/01 – 2018/03/31 41 367 334 Millions TEU Duration Routes Vessels Cooperative TEUs 21 A stabilizing force amidst change: working together for a decade of steady progress.
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4 2026 Major container shipping alliances Gemini Cooperation Ocean Alliance Premier Alliance 275 Vessels Vessels 220 Vessels 3.5 Millions TEU Millions TEU 2.75 Millions TEU 22 Alliance size and capacity continue to expand Diversifying route configurations boosts operational flexibility Stable long-term cooperation framework (2017 – 2037) Complete global network with extensive market coverage Market volatility, Solid strategic layouts Business Strategy 370+ 5.0+
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4 OA East-West Main Service Blank Sailings (Average -14%) (Average -14%) 23 Business Strategy Due to the tight shipping supply, blank sailings need to be rescheduled accordingly. Jan Feb Mar Apr May Jun Jul Aug Sep Pacific Service -109,750 -310,750 -99,250 -101,250 -144,500 -185,000 -128,500 -113,250 -178,750 Europe Service -67,500 -162,650 -79,750 -96,300 -153,050 -106,100 -186,800 -83,600 - -350,000 -300,000 -250,000 -200,000 -150,000 -100,000 -50,000 - Pacific Service Europe Service
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4 Changes in major trade lane capacity Far East - Europe & Far East - North America Weekly Capacity (TEU) Source: ALPHALINER MM SEP., 2026 440,000 480,000 520,000 560,000 600,000 25 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 26 Jan Feb Mar Apr May Jun Jul Aug Sep FE-EUR FE-USA 2025 H1 Average 549,109 FE-EUR 25H1 vs 26H1 7.52% FE-USA 25H1 vs 26H1 0.96% 2026 H1 Average 554,383 2025 H1 Average 493,478 2026 H1 Average 530,602 24 Business Strategy
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4 Changes in major trade lane cargo volume Source: ALPHALINER MM SEP., 2026 FE-USA 5.1% FE-EUR 12.2% 25 FE-North America FE-Europe TEU 2025 2026 26/25% 2025 2026 26/25% Q1 4,759,289 4,618,938 -2.9% 4,500,635 5,171,678 14.9% Q2 4,551,918 5,179,698 13.8% 5,072,518 5,612,915 10.7% Q3 (Jul.) 1,781,508 1,858,942 4.3% 1,758,764 1,926,947 9.6% Q4 4,809,611 - - 5,017.258 - - YTD 11,092,715 11,657,578 5.1% 11,331,917 12,711,540 12.2% Business Strategy
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4 Capacity Growth 2021- 2031 Capacity Growth 2026 – 2031 1,481,425 1,665,883 1,659,424 1,762,940 1,955,553 2,071,215 2,401,149 2,501,994 2,679,021 2,739,385 2,772,123 12.5% 12.0% 19.0% 32.0% 39.8% 62.1% 68.9% 80.8% 84.9% 87.1% 0.0 20.0 40.0 60.0 80.0 100.0 1,000,000 1,250,000 1,500,000 1,750,000 2,000,000 2,250,000 2,500,000 2,750,000 3,000,000 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 Total Capacity (year end, TEU) Increase (%) 3045 1314 1997 1986 529 683 935 245 316 253 544 0 500 1000 1500 2000 2500 3000 3500 MSC Maersk CMA CGM COSCO Hapag-Lloyd ONE Evergreen HMM Yang Ming Zim Wan Hai K K K K KK Source: ALPHALINER MM SEP., 2026 Top 10 Carriers Newbuilding Delivery Schedule 26 K Business Strategy
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4 Green Ships New dual-fuel ships Total (Owned + Chartered) Proportion of dual-fuel vessels in fleet Cumulative Number Cumulative Capacity (TEU) Number (Incl. dual-fuel) TEU Number (%) TEU (%) 2025 2 33,112 238 1,956,233 0.84% 1.69% 2026 9 149,004 244 2,071,289 3.69% 7.19% 2027 33 498,360 264 2,408,593 12.50% 20.69% 2028 41 635,590 269 2,482,854 15.24% 25.60% 2029 53 843,590 276 2,625,882 19.20% 32.13% 2030 55 871,590 278 2,653,882 19.78% 32.84% 27 Business Strategy
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4 IoT Smart Container 28 86% DRY 300,000 units 100% 57,900 units Reefer Provide real time data GPS location tracking Abnormal monitor Big-Data Analysis Analyze carbon emission Business Strategy Real time temperature data G PS location tracking Abnormal monitor Analyze electricity power consumption and carbon emission Facilitate reefer monitor task Analyze reefer component’s health condition
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THANK YOU 29