ZIM INTEGRATED SHIPPING SERVICES LTD CONDENSED CONSOLIDATED ...

ZIM INTEGRATED SHIPPING SERVICES LTD

CONDENSED CONSOLIDATED UNAUDITED INTERIM FINANCIAL STATEMENTS SEPTEMBER 30, 2021

ZIM INTEGRATED SHIPPING SERVICES LTD. INDEX TO CONDENSED CONSOLIDATED UNAUDITED INTERIM FINANCIAL STATEMENTS

FINANCIAL STATEMENTS: Condensed consolidated unaudited interim Statements of Financial Position Condensed consolidated unaudited interim Income Statements Condensed consolidated unaudited interim Statements of Comprehensive Income Condensed consolidated unaudited interim Statements of Changes in Equity Condensed consolidated unaudited interim Statements of Cash Flows Notes to the condensed consolidated unaudited interim Financial Statements

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2 3 4 5-6 7-8 9-15

ZIM INTEGRATED SHIPPING SERVICES LTD.

CONDENSED CONSOLIDATED UNAUDITED INTERIM STATEMENTS OF FINANCIAL POSITION

Assets Vessels Containers and handling equipment Other tangible assets Intangible assets Investments in associates Other investments Trade and other receivables Deferred tax assets

Total non-current assets

September 30

December 31

2021

2020

2020

Note

US $'000

6

2,280,881

732,654

948,004

6

1,258,270

486,497

520,887

6

66,428

70,858

67,133

68,416

63,963

66,465

13,349

8,843

8,441

5,567

4,866

4,888

6,463 1,491

4,883 1,151

5,293 1,502

3,700,865 1,373,715

1,622,613

Assets classified as held for sale Inventories Trade and other receivables Other investments Cash and cash equivalents

Total current assets

Total assets

107,293 1,234,209

345,074 2,454,997

4,141,573

7,842,438

8,663 47,352 358,200 58,947 350,285

823,447

2,197,162

52,237 520,001

58,976 570,414

1,201,628

2,824,241

Equity

Share capital and reserves

5(a)

Retained earnings (deficit)

Equity attributable to owners of the Company Non-controlling interests

Total equity

1,994,230 1,174,499 3,168,729

6,606 3,175,335

1,787,285 )1,887,918(

)100,633( 5,539

)95,094(

1,790,794 (1,523,528)

267,266 7,189

274,455

Liabilities Lease liabilities Loans and other liabilities Employee benefits Deferred tax liabilities

Total non-current liabilities

1,766,247

700,678

811,840

4(e)

126,346

554,184

519,471

63,612

61,150

66,626

85,947

325

339

2,042,152 1,316,337

1,398,276

Trade and other payables Provisions Contract liabilities Lease liabilities Loans and other liabilities

Total current liabilities Total liabilities Total equity and liabilities

1,052,310 29,044 636,001 777,304

130,292 2,624,951 4,667,103 7,842,438

396,657 17,284

169,610 258,062

134,306 975,919 2,292,256 2,197,162

398,876 21,420

230,469 362,176 138,569

1,151,510 2,549,786 2,824,241

/s/ Yair Seroussi

Yair Seroussi Chairman of the Board of Directors

/s/ Eli Glickman

Eli Glickman President & Chief Executive

Officer

/s/ Xavier Destriau

Xavier Destriau Chief Financial Officer

Date of approval of the Financial Statements: November 17, 2021. The accompanying Notes are an integral part of these condensed consolidated unaudited interim Financial Statements.

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ZIM INTEGRATED SHIPPING SERVICES LTD. CONDENSED CONSOLIDATED UNAUDITED INTERIM INCOME STATEMENTS

Nine months ended September 30

2021

2020

Income from voyages and related services Cost of voyages and related services Operating expenses and cost of services Depreciation Gross profit

Other operating income Other operating expenses General and administrative expenses Share of profit of associates

Results from operating activities

Finance income Finance expenses

Net finance expenses

Profit before income taxes

7,262,304

(2,876,906) (513,907) 3,871,491

9,519 (714) (183,910) 3,123

2,630,850

)2,038,970( )204,322( 387,558

8,019 )642( )114,760( 2,375

3,699,509

282,550

9,082 (131,648)

1,379 )114,933(

(122,566) )113,554(

3,576,943

168,996

Income taxes

(636,221)

)11,195(

Profit for the period

2,940,722

157,801

Attributable to: Owners of the Company Non-controlling interest

Profit for the period

2,935,201 5,521

2,940,722

152,915 4,886

157,801

Earnings per share (USD) Basic earnings per 1 ordinary share (Note 10) Diluted earnings per 1 ordinary share (Note 10)

25.79 24.79

1.53 (*) 1.47 (*)

Three months ended September 30

2021

2020

US $'000

Year ended December 31

2020

3,135,958

(1,007,365) (215,172) 1,913,421

5,354 (255) (60,375)

842

1,858,987

1,012,505

)716,757( )68,511( 227,237

2,507 1,064 )42,721(

720

188,807

3,991,696

(2,835,112) (291,559) 865,025

12,621 4,272 (163,210) 3,341

722,049

3,383 (41,452)

)351( )40,356(

8,103 (189,363)

(38,069(

)40,707(

(181,260)

1,820,918

148,100

540,789

(358,004)

)3,696(

(16,599)

1,462,914

144,404

524,190

1,461,146 1,768

1,462,914

12.53 12.16

142,424 1,980

144,404

1.42 (*) 1.36 (*)

517,961 6,229

524,190

5.18 4.96

(*) Restated to reflect a share split of 1:10 that became effective in 2021 (see Note 5(a)). The accompanying Notes are an integral part of these condensed consolidated unaudited interim Financial Statements.

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ZIM INTEGRATED SHIPPING SERVICES LTD.

CONDENSED CONSOLIDATED UNAUDITED INTERIM STATEMENTS OF COMPREHENSIVE INCOME

Profit for the period

Nine months ended

September 30

2021

2020

2,940,722 157,801

Three months ended September 30

2021

2020

US $'000

1,462,914 144,404

Year ended December 31

2020

524,190

Other components of Comprehensive Income

Items of other comprehensive income that were or will be reclassified to profit and loss:

Foreign currency translation differences for foreign operations

(2,744)

363

706

1,331

4,019

Items of other comprehensive income that would never be reclassified to profit and loss:

Net change in fair value of investments in equity instruments at fair value through other comprehensive income, net of tax

Defined benefit pension plans actuarial gains (losses), net of tax

Other comprehensive income for the period, net of tax

(144)

)114( 1,507

(2,888) 1,756

(94)

256

)1,287(

612

300

563 174

4,756

Total comprehensive income for the period

2,937,834 159,557 1,463,526 144,704

528,946

Attributable to: Owners of the Company Non- controlling interests

Total comprehensive income for the period

2,933,715 156,076 1,461,936

4,119 3,481

1,590

2,937,834 159,557 1,463,526

143,321 1,383

144,704

523,815 5,131

528,946

The accompanying Notes are an integral part of these condensed consolidated unaudited interim Financial Statements.

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