Dht Holdings, Inc. · NYSE:DHT

Dht — Q3 2024 Earnings Presentation

11 slides from Dht's earnings presentation, Nov 13, 2024

  1. Slide 1: Third Quarter 2024 Results

    THIRD QUARTER 2024 RESULTS November 13, 2024

  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: Balance Sheet Highlights

    Q3’24 Financials BALANCE SHEET HIGHLIGHTS Total liquidity of $264 million $ Thousands As per 30.09.2024  Cash $ 73.8 million Cash $ 73,829  RCF availability $ 190.1 million Other current assets $ 107,699 Vessels* $ 1,207,533 Advances for vessels under construction $ 78,870 Other assets $ 6,619 Tot

  4. Slide 4: P&L Highlights

    Q3’24 Financials P&L HIGHLIGHTS Average TCE Q3 2024 Q3 2024  $43,700/d Spot $ Thousands, except per share • $47,600/d spot vessels <15 years Revenues on TCE basis $ 92,641  $38,800/d Time-charter  $42,400/d Fleet average Vessel operating expenses $ (19,048) G&A $ (4,169) EBITDA $ 70,406 Interest

  5. Slide 5: P&L Highlights

    Q3’24 Financials P&L HIGHLIGHTS Average TCE 9M 2024 Q3 2024 YTD  $50,100/d Spot $ Thousands, except per share • $52,800/d spot vessels <15 years Revenues on TCE basis $ 92,641 $ 302,676  $38,200/d Time-charter  $47,400/d Fleet average Vessel operating expenses $ (19,048) $ (58,614) G&A $ (4,169)

  6. Slide 6: Q3 2024 Cash Flow Highlights

    Q3’24 Financials Q3 2024 CASH FLOW HIGHLIGHTS Cash Bridge Q3 2024 $m 200 175 150 70.4 -7.6 -7.4 -43.6 125 100 -2.0 -25.8 15.3 1.8 75 135.4 128.1 50 84.5 82.5 72.6 72.6 71.9 73.8 25 56.6 56.6 0 30/06/24 Cash EBITDA Debt repayment Cash interest Dividend Maintenance Investment in Change in Net Other 30

  7. Slide 7: Capital Allocation

    Q3’24 Financials CAPITAL ALLOCATION Cash dividend of $0.22 per share  Equals capital allocation policy: 100% of ordinary net income  The 59th consecutive quarterly cash dividend  The shares will trade ex-dividend November 22, 2024  Cash dividend since dividend policy update from Q3 2022: $2.19 p

  8. Slide 8: Capital Allocation

    Market Update CAPITAL ALLOCATION Debt to book value and cash dividend history $m 800 60.0 % $125.9 Dividend (LH) IBD to Total Assets % (RH) 700 55.0 % $186.7 600 50.0 % 48.0 % 500 45.0 % $19.7 $22.1 $214.7 400 40.0 % $749.9 300 35.0 % 200 $28.7 30.0 % $23.3 $11.5 $66.4 27.6 % 100 25.0 % $49.2 $1.9 0

  9. Slide 9: Q4 Outlook

    Business Update Q4 OUTLOOK Estimated Q4 2024 Total term time-charter days 596 Average term time-charter rate ($/day)* $40,000 Total spot days for the quarter 1,610 Spot days booked to date / % of total spot days 1040 / 64% Average spot rate booked to date ($/d) $41,000 Average spot rate for vessels

  10. Slide 10: Market Commentary

    MARKET COMMENTARY November 13, 2024 10

  11. Slide 11: Q&A

    Q&A November 13, 2024 11

DHT Holdings — Q3 2024 Earnings Presentation on 6ix