Roadshow PresentationPreemptive Rights Offering

October 2017

2

Disclaimer

The information hereby contained is a brief description of the characteristics of the issuance and of Compaa Sud Americana de Valores S.A. (CSAV), not comprising all necessary information to make an investment decision. More information is available at CSAV headquarters, Credicorp Capital S.A. Corredores de Bolsa offices, Banchile Corredores de Bolsa S.A. offices and BTG Pactual Chile S.A. Corredores de Bolsa offices (the Placement Agents) and at Superintendencia de Valores y Seguros, as well as in our website www.csav.com.

Dear investor:

Before making an investment, you should be fully informed about the financial condition of CSAV and evaluate the convenience of acquiring these securities. The Placement Agents shall provide the investors with the information contained in the Prospecto filed in the Registro de Valores of the Superintendencia de Valores y Seguros, before you make your investment.

This offer is only registered in Chile under the laws and regulations of Chile and it shall not be deemed made in any other jurisdictionthan Chile.

3

The offer: summary of offering terms

Issuer Compaa Sud Americana de Vapores S.A. (CSAV)

Symbol / listing Vapores / Santiago Stock Exchange

Subscription rights period

Subscription price of CLP 30.55 per share Two subscription periods:

30-day preemptive rights period Subject to the boards decision, potential 6-day second subscription period and potential subsequent 6-day

subscription periods and/or private placement of shares on the Santiago Stock Exchange(2)

Use of proceeds Subscription of HLAGs EUR 352 million(3) (USD 414 million(4)) primary follow-on offering and eventual acquisition of

HLAG shares to reach at least a 25% stake in HLAG

Roadshow Local roadshow

Global syndicate

Offering type 100% preemptive rights offering of common shares

Base offering type Rights offering of 6,100,000,000 shares (approx. USD 294 million(1))

____________________(1) Considers CLP/USD 633.32 as of October 10th, 2017(2) If any, before or after the 6-day second subscription period(3) Subscription price of EUR 30 per share(4) Considers EURUSD 1.1786 as of September 28th, 2017

4

Timetable

____________________(1) In a sequence to be defined by CSAVs board as indicated in the communication to shareholders on September 29th, 2017

October 10th: beginning of CSAVs preemptive rights period (30 days)

After rights expiration date, subject to CSAVs board decision(1):

Potential 6-day second subscription period and potential subsequent 6-day subscription periods and/or private placement of shares on the Santiago Stock Exchange

October 16th: end of HLAGs preemptive rights period

November 8th: end of CSAVs preemptive rights period

M T W T F2 3 4 5 69 10 11 12 13

16 17 18 19 2023 24 25 26 2730 31

M T W T F1 2 3

6 7 8 9 1013 14 15 16 1720 21 22 23 2427 28 29 30

M T W T F1

4 5 6 7 811 12 13 14 1518 19 20 21 2225 26 27 28 29

October

November

December

5

Presenters

scar Hasbn MartnezCEOCSAV since 2011Member of the Supervisory Board of Hapag-LloydChairman of SM SAAM S.A

Toms Tafra RiojaCFOCSAV since 2010

____________________Source: CSAV

Introduction to CSAV1

7

CSAV at a glance

____________________Source: CSAV public offering prospectus, HLAG public offering prospectus, HLAG investor presentation.(1) Consistent with HLAG investor report as of June 2017.(2) Proforma figures as of December 2016, considering full year effect of merger with UASC.(3) RT: measure unit used for car-carriers, equivalent to the size of a 1966 Toyota Corolla.

Total assetsUSD 1,968 m

Total liabilities USD 157 m

Total equityUSD 1,811 m

Vessel capacity(1)1.6 TEU m

Operating vessels(1)219

Revenues(2)USD 10,985 m

Transported volume(2)10.7 TEU m

Employees(1)12,585

EBITDA(2)USD 769 m

EBITDAUSD 7.4 m

Capacity37,800 RT(3)

Financial figures(1)

Hapag-Lloyd + UASC figures

CSAVs main business line through its 22.6% share in HLAG. CSAV is the largest shareholder in HLAG and co-controller via a 10-year shareholders agreement

Fifth largest carrier globally, operating a fleet of 219 vessels with a capacity of 1.6 m TEU

Diversified and balanced network across all the main trade routes and one of the most modern, young and efficient fleets in the industry

Largest member of THE Alliance, one of the three global alliances that concentrate over ~93% of the east-west trades capacity

Container shipping

Business lines

Other business lines: car carrier & freight forwarder

Car carrier: maritime vehicle transportation using specialized vessels from Asia, Europe, USA and South Americas east coast to South Americas west coast

Air, sea, and land freight services and value-added solutions provided by Norgistics

2016 CSAV retained business

RevenuesUSD 127 m

Operating vessels6

June 20172016

8

New alliances

THE Alliance

Shipping industry overview

____________________Source: HLAG public offering prospectus, IMF, HIS Global Insight, Alphaliner.(1) Number of vessels, capacity, market share and % chartered-in consider the services included in the slot purchase agreements with HMM and Hamburg Sd.(2) As of July 2017.(3) As of April 2017.

Ocean Alliance

Members

2M(1)

5.7 TEU m3.6 TEU m 7.3 TEU mCapacity(2)

39%27% 22%

Market share(2) (capacity)

Transpacific

Atlantic

Far East

33%

25%

15%

35%

43%

29%

Chartered-in(2) (%) 59.3%51.6% 56.6%

9578 76Port coverage(3)

4032 25Services(3)

Average vessel size(2) 6,417 TEU 5,401 TEU 5,642 TEU

9

CSAVs history: key milestones

____________________Source: CSAV annual report and CSAV public offering prospectus.(1) As a result of the merger, CSAV becomes a shareholder of HLAG with 30% stake, which increased to 34% after subscribing 70% of HLAGs follow-on.

2015

2017

CSAVs Foundation Merger of Compaa

Chilena de Vapores with Compaa Nacional de Vapores

18722011

Quienco entered the shipping industry by acquiring a 20.6% stake in CSAV

2012

SAAM spin-off as a consequence of CSAVs restructuring plan CSAV remained in the

shipping business while SAAM continued to operate the port and tug boat businesses

Follow-on to execute the restructuring plan

Quienco increased its stake in CSAV to 46.0%

2013

CSAV-HLAG merger CSAV became the largest

shareholder of HLAG with a 34% stake(1)

Follow-on to complete CSAV-HLAG merger

HLAG-UASC merger HLAG acquired 100% of

United Arab Shipping Company (UASC) shares in exchange for a 28.0% stake in HLAG

HLAG became the fifth largest shipping company in the world

HLAGs IPO in Frankfurt Stock Exchange and Hamburg Stock Exchange CSAV reduces its stake in

HLAG to 31.4%

2014

New capital increase CSAVs follow-on to reach

at least 25% of HLAG

CSAVs restructuring plan Focus on Latin America

Simplification of organizational structure

Worldwide operational alliances

Investments in own fleet

Follow-on to continue expanding CSAVs own fleet and prepay liabilities

Shareholders agreement between CSAV, Khne and the City of Hamburg

Key investment highlights2

11

Key investment highlights

____________________Source: HLAG Listing prospectus (July, 2017), IMF April 2017, CSAV.

Industry with attractive growth prospects in the midst of a solid recovery and strong consolidation

Container transport volume is expected to grow at a 5.2% CAGR for the period 16-18E, while ship scrapping has remained at high levels and vessel construction rate at its lowest levels

New alliances and recent M&A activity have been reshaping the competitive landscape of the industry.

Significant shift in the composition of the world fleet ownership

Leading company in the industry

Fifth largest carrier globally with a balanced presence in global routes, diversified customer base, and solid presence in niche businesses

Proven track record consolidating the industry, achieving positive operating income and becoming one of the most profitable operators in the 2015 2016 period

Positioned to capture growth opportunities while increasing profitability and cash flow

USD 435 million per annum in cost synergies from the merger with UASC coupled with an improved fleet ownership structure shall boost profitability going forward

Young and efficient fleet aimed to maximize free cash flow generation and rapid deleverage

1 2

3

1 Industry with attractive growth prospects in the midst of a solid recovery and a strong consolidation

13

0

200

400

600

800

1,000

1,200

Jan-

15Fe

b-15

Mar

-15

Apr-1

5M

ay-1

5Ju

n-15

Jul-1

5Au

g-15

Sep-

15O

ct-1

5N

ov-1

5D

ec-1

5Ja

n-16

Feb-

16M

ar-1

6Ap

r-16

May

-16

Jun-

16Ju

l-16

Aug-

16Se

p-16

Oct

-16

Nov

-16

Dec

-16

Jan-

17Fe

b-17

Mar

-17

Apr-1

7M

ay-1

7Ju

n-17

Jul-1

7Au

g-17

SCFI -RTM Margin Rotterdam Platts SCFI

713724630Average Margin 456599

0%

20%

40%

60%

80%

0

5

10

15

20

25

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017

Orderbook / FleetTEU th

Fleet Orderbook Orderbook to Fleet Ratio

Attractive growth prospects with strong fundamentals

Shipping industry key growth drivers

High ship scrapping levels

____________________Source: HLAG annual report, IMF July 2017, Clarkson Research, Shanghai Shipping Exchange and Platts.(1) Compound annual growth rate.(2) Average price of half a ton of IFO 380 bunker in Rotterdam.(3) Shanghai Containerized Freight Index.

321

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

6.0%

7.0%

2013 2014 2015 2016 2017E 2018E

Global economic growth World trading volume Container transport volume

Low vessel construction rate (as of Oct-17)

CAGR(1) 16-18E: 3.5% CAGR(1) 16-18E: 3.8% CAGR (1) 16-18E: 5.2%

Ex-bunker rates recovery since 2016

15

18

21

24

27

30

0100200300400500600700

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

Jul 1

7 Y

TDYearsTEU th

Worldwide ship scrapping (primary axis) Average ship age (secondary axis) (2) (3)

H1 2016

2015 H2 2016

Q1 2017

Q2 2017USD

Orderbook to fleet ratio of 13.8% as of Oct-17

14

THE Alliance33%

Ocean15%

2M43%

Others9%

3.83.0

2.3 2.31.6 1.4 1.1

0.6 0.4 0.3 0.3

MaerskHamburg

Sud

MSC CMA CGMAPL

COSCOCSCL OOCL

HLAGCSAVUASC

MOLNYK

K-Line

Evergreen Yang Ming PIL Hyundai ZIM

2.5 2.3

1.50.8 0.8 0.7 0.7 0.6 0.6 0.5 0.5 0.5 0.5 0.4 0.4 0.3 0.3 0.3 0.3 0.3

Maersk MSC CMACGM

Evergreen

COSCOHapagLloyd

Hanjin APL CSCL MOL NYK Hamburg Sud

OOCL Yang Ming

PIL K-Line ZIM Hyundai UASC CSAV

THE Alliance27%

Ocean39%

2M22%

Others12%

Industry consolidation has been reshaping the competitive landscape

____________________Source: HLAG investor presentations and company reports.(1) Companies with mergers implemented or announced since 2013.

14% 8%

Consolidation wave

13% 4% 4%

Carrier capacity (TEU m) Global capacity share (%)

2013

321

June 2017

44% market share

Transpacific

Atlantic

Far East

THE Alliance

Ocean Alliance

2M

Others

Alliances concentrate over ~93% of the capacity on east-west trades

4% 4% 3% 3% 3% 3% 3% 2% 2% 2% 2% 2% 2% 2% 1%

17% market share

19% 12%15% 12% 8%

Carrier capacity (TEU m) Global capacity share (%)

65% market share

7% 5% 2% 2% 2%

19% market share

61% market share

84% market share

2nd

2nd

3rd(1)(1) (1) (1)(1)

THE Alliance25%

Ocean35%

2M39%

Others1%

2 Leading company in the industry

16

3.8

3.02.3 2.3

1.6

____________________Source: HLAG investor presentations, HLAG annual report, Drewry.(1) Transport capacity by carrier as of June 2017.(2) Number of full containers on the non-dominant leg per ten full containers on the dominant leg (the higher the rate, the lower the imbalance in the respective trade).(3) HLAG standalone, prior to merger with UASC.(4) Transport volume by trade. Allocation of UASC volume according to Hapag-Lloyd trade definition, not necessarily final.

Among largest global carriers with balanced presence in global routes

5th largest players in terms of capacity(1) (TEU m) More efficient routes than industry average in 2016(2)

321

Balanced presence in global routes

46%

65%

42%

76%

62%

62%

HLAG Industry

Used capacity in non dominant leg over used capacity in dominant leg(3)

Transpacific

Transatlantic

Europe-Far East

Worlds transported volume imbalance

7,100

2,400 6,400

13,700 4,000 14,200

Atlantic

Transpacific

Far East

19% 20% 11%

8%6%

29%

6%

12% 3% 32%

16%2%

3%

32%

18% 15% 18%

10%5%

21%

14%

HLAG UASC(4) Combined entity(4)

17

-12%

-10%

-8%

-6%

-4%

-2%

0%

2%

4%

6%

0 5,000 10,000 15,000 20,000 25,000

EBIT

-M

g (%

)

Revenue (USD m)

Strong track record generating synergies, enhancing its competitive position

Strong track record successfully capitalizing synergies (USD m)

____________________Source: HLAG investor presentations, HLAG public offering prospectus (2015, 2017), Clarksons.(1) EBIT margin considers a 24-month period between January 2015 and December 2016. Revenue axis shows the average revenue between years 2015 and 2016(2) Transport expenses excluding fuel related expenses (excl. expenses for raw materials and supplies).(3) 2014 figures are pro forma HLAG + CSAV (CCS). 2015 to 2016 correspond to the actual HLAG (combined) consolidated figures.

2005

2014

Positive carrier EBIT margin compared with the industry(1)

Significant savings in ex-bunker transport expenses (USD/TEU)(2)

180 218

Initial estimate Final realization

300400

Initial estimate Final realization

21%

33%

321

(Avg. 2015 & 2016)

1,044928

825

2014 2015 2016

- 21%(pro forma) (3)

3 Positioned to capture growth opportunities while increasing profitability and cash flow

19

Young and efficient fleet with no further investment needed

____________________Source: HLAG investor presentations and company report(1) Assumes that all announced mergers (NYK & MOL & K-Line; Maersk & Hamburg Sd; COSCO & OOCL) will receive regulatory approvals and are executed as announced. Simple sum of stand-alone operating capacity.(2) Weighted by carrier capacity

321

7.1

7.5

7.6

8

8.4

8.5

7,110

6,168

6,055

5,371

5,271

5,160

35%

44%

49%

52%

61%

68%

65%

56%

51%

48%

39%

32%

Current owned fleet Current chartered fleet

Fleet ownership(1) (%)

Average vessel size(1)(TEU)

Average fleet age(1) (years)

Vessel fleet as of June 2017

TOP 15(2) TOP 15(2)

TOP 15(2)

1st 1st

1st > 14,000 TEU TEU 254,157 - 254,157Vessels 15 - 15

10,000-14,000 TEU TEU 305,876 61,087 366,963Vessels 24 6 30

8,000-10,000 TEU TEU 243,613 142,175 385,789Vessels 28 16 44

6,000-8,000 TEU TEU 108,327 71,779 180,106Vessels 15 11 26

4,000-6,000 TEU TEU 109,164 118,318 227,482Vessels 25 23 48

2,300-4,000 TEU TEU 33,800 82,930 116,730Vessels 11 28 39

< 2,300 TEU TEU 3,918 21,868 25,786Vessels 2 15 17TEU 1,058,855 498,157 1,557,013Vessels 120 99 219Capacity

Vessels Owned Chartered Current Fleet

Slide 19

Fuente: HLAG Investor Presentation

NavesPropiaArrendadaFlota actual

> 14,000 TEUTEU254,157-254,157

Naves15-15

10,000-14,000 TEUTEU305,87661,087366,963

Naves24630

8,000-10,000 TEUTEU243,613142,175385,789

Naves281644

6,000-8,000 TEUTEU108,32771,779180,106

Naves151126

4,000-6,000 TEUTEU109,164118,318227,482

Naves252348

2,300-4,000 TEUTEU33,80082,930116,730

Naves112839

< 2,300 TEUTEU3,91821,86825,786

Naves21517

CapacidadTEU1,058,855498,1571,557,013

Naves12099219

VesselsOwnedCharteredCurrent Fleet

> 14,000 TEUTEU254,157-254,157

Vessels15-15

10,000-14,000 TEUTEU305,87661,087366,963

Vessels24630

8,000-10,000 TEUTEU243,613142,175385,789

Vessels281644

6,000-8,000 TEUTEU108,32771,779180,106

Vessels151126

4,000-6,000 TEUTEU109,164118,318227,482

Vessels252348

2,300-4,000 TEUTEU33,80082,930116,730

Vessels112839

< 2,300 TEUTEU3,91821,86825,786

Vessels21517

CapacityTEU1,058,855498,1571,557,013

Vessels12099219

20

Cost synergies focused on generating sustainable profits

____________________Source: HLAG investor presentations and annual report(1) Estimated by HLAG, on top of the already accrued costs as of 30 June 2017(2) Excluding the one-off costs UASC registered in its accounts, before closing date

Expected synergies of USD 435 million per annum from 2019 onwards

Lower container handling rates per vendor/location Imbalance reduction & optimization of inland haulage

250

100

85 435

Network Overhead Other Expectedsynergies

Network

Overhead

Other

Figures in USD m

321

H1 2017 results include one-off costs estimated at USD 130 m due to consolidation and integration of UASC

Optimized new vessel deployment & network(From HLAGs 118 services & UASCs 45 services, to 129 combined services)

Efficient use of new fleet Slot cost advantages

Consolidation of headquarters and country organizations Other overhead reductions (e.g. marketing, consultancy)

20

73 -52

Transaction &integration related

one-off costs

Badwill Total one-off effect H1 2017

17

73130

2016 H1 2017 H2 2017 2018 Total

Transaction & integration related one-off costs H1 2017 (USD m) Total transaction & integration related one-off costs (USD m)

In H1 2017 first time consolidation with UASC generated a one-off profit of USD 52.3 m (badwill) and restructuring costs of USD 73 m

Net one-off effect on H1 2017 EBIT of ~USD 20 m

Estimated total transaction and integration related one-off costs: ~USD 130 m(2)

~USD 40 m(1)

~

~

Financial overview3

22

USD m Dec-2016 Jun-2017AssetsGoodwill 1,755 1,755Other intangible assets 1,416 2,195Property plant and equipment 6,669 10,857Investments in equity-accounted investees 344 364Other non current assets 84 274Non-current assets 10,267 15,443Inventories 132 219Trade accounts receivable 716 1,075Other current assets 249 427Cash and cash equivalents 602 860Current assets 1,698 2,580Total assets 11,965 18,024

USD m Dec-2016 Jun-2017Equity and liabilitiesCapital and reserves 1,758 3,197Retained earnings 3,912 3,861Cumulative other equity -332 -305Equity attributable to shareholders of Hapag-Lloyd AG 5,338 6,752Non-controlling interests 4 11Equity 5,342 6,763Provisions for pensions and similar obligations 251 289Other provisions 120 115Financial debt 3,448 7,274Other non-current liabilities 17 34Non-current liabilities 3,837 7,712Provisions for pensions and similar obligations 7 69Other provisions 223 339Financial debt 967 1,065Trade accounts payable 1,353 1,830Other current liabilities 237 245Current liabilities 2,787 3,548Total equity and liabilities 11,965 18,024

Hapag-Lloyds balance sheet highlights

____________________Source: HLAG investor reports, HLAG investor presentations and HLAG public offering prospectus (2017).

Total financial debt of USD 8,339 m, of which:

Secured debt: USD 6,178 m

Vessels: USD 4,435 m

Container: USD 1,382 m

Others: USD 362 m

Unsecured debt: USD 2,161 m

Total PP&E of USD 10,857 m, of which:

Vessels: USD 8,579 m

120 own vessels (avg. 8,824 TEU)

1,059 Th. TEU own capacity

Book value of 8,101 USD/TEU

Containers: USD 1,894 m

1,532 Th. TEU own capacity

Book value of 1,236 USD/TEU

Others: USD 384 m

Equity ratio: 37.5%

23

____________________Source: HLAG investor report and HLAG investor presentation(1) Mixed bunker price (MFO / MDO)

Hapag-Lloyds P&L highlights

Transport volume [TTEU]

Freight rate [USD/TEU]

Bunker price [USD/t](1)

Exchange rate [USD/EUR]

Revenue [USD m]

EBITDA [USD m]

EBITDA margin

EBIT [USD m]

EBIT margin

Group profit / loss [USD m]

Q1 2017

1.07

2,271

140

6.2%

4

0.2%

-66

Q2 2017

2,287

1,064

311

1.08

2,629

253

9.6%

93

3.5%

18

H1 2017

4,221

1,056

312

1.08

4,900

393

8.0%

97

1.9%

-49

H1 2016

3,703

1,042

198

1.11

4,212

219

5.2%

-44

-1.0%

-158

YoY

14%

1%

58%

-3%

16%

80%

2.8ppt

n.m.

3.0ppt

n.m.

Transport volume [TTEU] 1,934

1,047

313

USD +84 m USD +109 m

Operating result and net income above previous years level

Improvingresults

24

CSAVs balance sheet and income statement

USD m 2013 2014 2015 2016 Jun-17 LTM

Balance sheet Cash and cash equivalents 202 46 52 55 51Other current assets 396 48 28 30 29Investment in HLAG 13 1,765 1,793 1,772 1,603Other non current assets 1,767 352 353 312 285

Total assets 2,377 2,211 2,226 2,168 1,968Financial debt 692 176 51 94 96Current non financial liabilities 651 133 58 55 51Non current non financial liabilities 7 1 66 13 10

Total liabilities 1,350 311 175 162 157Equity 1,027 1,900 2,051 2,006 1,811

Income statement Revenues 401 235 167 127 128

YoY% growth -41.3% -29.0% -23.9%EBITDA -174 757 -8 7 4

EBITDA margin -43.5% 321.7% -5.0% 5.8% 3.4%Earnings before taxes 3 748 -20(2) -4 -146(1)

Net profit -168 389 -15(2) -22 -165(1)

Net profit excluding dilution loss -168 389 69 -22 2Net margin (ex. dilution loss) -41.8% 165.4% 41.3% -17.5% 1.6%

____________________Source: SVS, CSAV financial statements.(1) Includes USD 167 million dilution loss related to the merger between HLAG & UASC, explained in note 40 of the companys financial statements as of 30 June 30 2017.(2) Includes USD 84 million dilution loss related to HLAGs IPO, explained in note 15 of the companys financial statements as of 31 December 2015.

Appendix4

26

Hapag-Lloyds balance sheet and income statement

USD m 2013 2014 2015 2016 Jun-17 LTM

Balance sheetCash and cash equivalents 640 869 625 606 860Other current assets 1,095 1,311 1,080 1,077 1,721Non current assets 7,833 10,091 10,364 10,178 15,443

Total assets 9,568 12,271 12,068 11,861 18,024Financial debt 4,041 4,518 4,256 4,376 8,339Current non financial liabilities 1,243 2,169 1,949 1,805 2,483Non current non financial liabilities 271 515 367 385 438

Total liabilities 5,555 7,203 6,572 6,566 11,261Equity 4,013 5,068 5,497 5,295 6,763

Income statement Revenues 8,717 9,041 9,809 8,557 9,234

YoY% growth 3.7% 8.5% -12.8%EBITDA 389 131 922 646 845

EBITDA margin 5.9% 1.5% 9.4% 7.5% 9.2%Net profit -98 -803 124 -107 6

Net margin -1.5% -8.9% 1.3% -1.2% 0,1%

____________________Source: HLAG investor reports, HLAG financial reports.

27

____________________Source: HLAG investor presentations and HLAG public offering prospectus (2017)(1) Includes trade routes Chile-Brazil, intra-Chile and intra-Peru

High-quality service provider among container shipping companies Consistent diversity of goods shipped

2016 2015

18%

14%

12%10%10%

8%

7%

6%5%

4% 6%

Commercial strategy: customer satisfaction and exposure to niche businesses

Food Chemical Plastic Paper and wood Mechanical engineering

Raw materials Textiles Automotive parts Electronic Furniture Others

Top clients attended by the Global Account Management team and visited by key account managers

Long-standing contractual arrangements with direct customers

Well balanced customer base and diversity of goods shipped that minimize effects of economic cycles

Balanced customer portfolio

As for the three months ended March 31, 2017, no customer had a share of more than 4% of total revenue

Strong presence in attractive niche businesses

Reefer services

Special cargo

Dangerous cargo

New market niches

Temperature-sensitive and high value reefer cargo Largest and state-of-the-art container fleet

One-stop-shop service (all services the costumer needs in one stop)

Fleet of special containers

Specialized software and other risk mitigation measures

Certified to carry U.S. governmental cargo (5 vessels allowed to sail under U.S. flag)

Strong position in flag-protected cabotage services(1)

17%

14%

11%

11%10%

8%

7%

6%

5%5% 6%

26%9%

65%

Top 25 customers Top 26-50 customers Other 14,650 customers

Roadshow PresentationPreemptive Rights OfferingDisclaimerThe offer: summary of offering termsTimetablePresentersIntroduction to CSAVCSAV at a glanceShipping industry overviewCSAVs history: key milestones Key investment highlightsKey investment highlightsSlide Number 12Attractive growth prospects with strong fundamentalsIndustry consolidation has been reshaping the competitive landscape Slide Number 15Among largest global carriers with balanced presence in global routesStrong track record generating synergies, enhancing its competitive positionSlide Number 18Young and efficient fleet with no further investment neededCost synergies focused on generating sustainable profitsFinancial overviewHapag-Lloyds balance sheet highlightsHapag-Lloyds P&L highlightsCSAVs balance sheet and income statementAppendixHapag-Lloyds balance sheet and income statementCommercial strategy: customer satisfaction and exposure to niche businesses