CSAV 2022 Investor Results Presentation

CSAV reported solid 9M22 financial results driven by strong performance from its main investment, Hapag-Lloyd, with profits of US$4,337mn. The company benefited from higher freight rates (+62% yoy) and completed strategic acquisitions including the Spinelli Group and SM SAAM's Ports & Logistics division. Global demand growth has moderated to 1.9% by November 2022 after pandemic-driven volatility, reflecting declining spot rates since August.