DHT Holdings, Inc. · NYSE:DHT

DHT — Investor Presentation (September 2016)

15 slides from DHT's investor presentation, Sep 8, 2016

  1. Slide 1: Company Presentation

    Company Presentation September 8, 2016

  2. Slide 2: Disclaimer

    Disclaimer Forward Looking Statements This presentation contains certain forward-looking statements and information relating to the Company that are based on beliefs of the Company's management as well as assumptions, expectations, projections, intentions and beliefs about future events, in particul

  3. Slide 3: DHT in a nutshell

    DHT in a nutshell  Dedicated crude oil tanker company • 21 ships in the water: 19 VLCCs and 2 Aframaxes • 1 VLCC newbuilding for delivery in October 2016 • Average age of 7.5 years • Fully integrated shipowning company • 16 shore-side employees • Registered in the Marshall Islands  DHT strives for

  4. Slide 4: Publicly listed in New York

    Publicly listed in New York  Listed on New York Stock Exchange under ticker DHT  3-month average daily trading volume: 2.4m shares  Defined capital allocation policy  Open shareholder structure Source: NYSE September 8, 2016 4

  5. Slide 5: Q2 Operational Highlights

    Q2 Operational Highlights  Extended the time charter for the DHT Amazon to an oil major from mid-June 2016 until mid-October 2017 at a rate of $44,100 per day.  Took delivery of the fourth VLCC newbuilding, DHT Panther on August 5, 2016.  Sold the DHT Target, a 2001 built Suezmax for $22.5 millio

  6. Slide 6: P&L Highlights

    P&L Highlights Q2 2016 USD Thousands, except per share amounts Revenues on TC basis $ 83,155 Vessel operating expenses $ (15,079) G&A $ (4,337) EBITDA $ 63,739 Net Income $ 35,597 EPS 0.38 DHT will pay a cash dividend of $0.23 per share on August 31, 2016 to shareholders of record as of August 24, 2

  7. Slide 7: VLCC Earnings 2015-2016 YTD

    VLCC Earnings 2015-2016 YTD USD/day FY’15 Q1’16 Q2’16 Spot Earnings $ 58,600 $ 62,600 $ 53,300 TC Earnings $ 39,100 $ 44,800 $ 46,700 Average $ 50,400 $ 56,900 $ 51,000 USD/day VLCC Spot Earnings DHT VLCC average $60 000 spot earnings per day $58 000 $56 000 Q1’15-Q2’16 $54 000 compared to peers $52

  8. Slide 8: Managing the cycles

    Managing the cycles Counter cyclical investment philosophy TROUGH / INVESTMENT RECOVERY HIGH MARKET PHASE PHASE PHASE Sale & Purchase: • Aggressive growth • Selective • Divestment of older growth tonnage Chartering: • Spot • Spot Term • Time charters Capital • Nominal dividends • Increased • Formul

  9. Slide 9: Executing on our strategy

    Executing on our strategy Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2016 Q2 2016 2013 2013 2014 2014 2014 2014 2015 2015 2015 2015 Sold 2000- Sold 2001- S&P Acquired 16 VLCC’s built Suezmax built Suezmax Secured Extended and Extended and Extended and Secured time time repriced time repriced time repriced tim

  10. Slide 10: Fleet Employment

    Fleet Employment 2016 2017 2018 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 DHT Phoenix VLCC DHT Ann VLCC DHT Chris VLCC DHT Eagle VLCC DHT Condor VLCC DHT Falcon VLCC Samco Scandinavia VLCC DHT Hawk VLCC Samco China VLCC DHT Europe VLCC DHT Amazon VLCC DHT Redwood VLCC DHT Sundarbans VLCC DHT Taiga VLCC DHT Jagu

  11. Slide 11: Time Charter Portfolio Next 4 Quarters

    Time Charter Portfolio Next 4 Quarters 3Q16-2Q17 % of Days Average TC Fixed Income Fixed rate VLCC 26% $ 80.9m $ 44,400 Aframax 80% $ 12.6m $ 22,500 Total 31% $ 93.5m September 8, 2016 11

  12. Slide 12: G&A

    G&A  DHT 2017 cash G&A per ship per day ≈ $1,550 • Whereof commercial department cost ≈ $450 per ship per day  This compares well to outsourcing commercial operations: • Pool A: $700 per ship per day* • Pool B: $770 per ship per day* • Pool C: $1,100 per ship per day* *Based on DHT in-house resear

  13. Slide 13: Key Customers

    Key Customers September 8, 2016 13

  14. Slide 14: Key Lending Banks

    Key Lending Banks September 8, 2016 14

  15. Slide 15: Summary

    Summary  DHT has become a significant shipowner in the large tanker market with 20 VLCCs and 2 Aframaxes  We strive to be among the best in class – both hardware and software  We don’t aim to be the biggest, but we shall strive to become one of the most respected tanker companies in the world Sep

DHT Holdings — Investor Presentation (September 2016) on 6ix