Hunter Group Asa · OSL:HUNT
Hunter Group Asa — Q1 2025 Earnings Presentation
14 slides from Hunter Group Asa's earnings presentation, May 22, 2025
Slide 1: Hunter Group ASA Q1 2025 results
Hunter Group ASA Q1 2025 results 22 May 2025
Slide 2: Disclaimer
Disclaimer CERTAIN STATEMENTS INCLUDED IN THIS DOCUMENT CONTAIN FORWARD-LOOKING STATEMENTS. FORWARD-LOOKING STATEMENTS INCLUDE STATEMENTS CONCERNING PLANS, OBJECTIVES, GOALS, STRATEGIES, FUTURE EVENTS OR PERFORMANCE, AND UNDERLYING ASSUMPTIONS AND OTHER STATEMENTS, WHICH ARE OTHER THAN STATEMENTS OF
Slide 3: Responsibility statement
Responsibility statement The Board of Directors and the CEO confirm that to the best of our knowledge the condensed set of financial statements (unaudited) as of 31 March 2025 and the first quarter of 2025, which have been prepared in accordance with IAS 34 – Interim Financial Reporting, gives a tru
Slide 4: Highlights – Q1 2025
Highlights – Q1 2025 Financial highlights Q1 2025 • Index-linked TC-rates averaged USD 43,400/d for the quarter - Average fixed TC-in rate of USD 51,750 per day Net TC result (loss) USD (1.50m) - Average TC margin (loss) of USD (8,350) per day Unrealized non-cash TC position result (loss) USD 0.53m
Slide 5: A short low season?
A short low season? Avg. TC performance (USDk/d) USDk / d Index TC (out) Fixed rate TC (in) • Rates have improved significantly since 2024, and are currently 70 in at approx. USD 51,000/d and trending upwards 57.0 57.2 60 54.2 52.5 51.1 48.3 49.8 47.7 50 45.2 45.9 44.9 37.5 39.8 39.6 • Robust oil de
Slide 6: Oil market fundamentals remain robust
Oil market fundamentals remain robust Long term global oil market trends Mbd Mbd • Global oil demand continues to grow 110 18 and is estimated to increase by 105 16 1.9mbd over the next two years, 14 primarily driven by Asian importers 100 12 95 90 10 • Oil production is expected to grow 8 by 2.7 mb
Slide 7: Momentum is building for compliant VLCCs
Momentum is building for compliant VLCCs Oil lifted by OFAC sanctioned tankers (by origin) OPEC+ potentially adding demand for 47x VLCCs Mbls/d 38 VLCC 34 equivalents2 33 1.51 32.9 33 9 VLCC equivalents2 32 32 0.34 31.4 31 31.0 31 30 March actual Apr-May firm increases June required Indicated increa
Slide 8: Production deficit…
Production deficit… Historical deliveries, scrapping and orderbook Deliveries Orderbook Scrapped Scrap candidates (25yr+) • “Older than ever” - The VLCC fleet has “never” 70 been older and as the “shadow fleet” is losing market share a large portion is expected to set sail 50 for their final destina
Slide 9: Outlook
Outlook Oil market fundamentals remain robust Low oil prices – Chinese stockbuilding OPEC+ is increasing oil production Floating storage picking up? Shadow fleet marginalized Net negative fleet growth 9
Slide 10: Financial statements – Q1 2025
Financial statements – Q1 2025 Income statement – Q1 2025 Balance sheet – Q1 2025 Quarters Year to date Assets (Unaudited figures in USD 1 000) Q1 2025 Q1 2024 Note 31.12.2024 (Unaudited figures in USD 1 000) Note 3/31/2025 3/31/2024 12/31/2024 NON-CURRENT ASSETS Revenues Other intangible assets 11
Slide 11: Financial statements – Q1 2025
Financial statements – Q1 2025 Cash flow statement – Q1 2025 Changes to equity – Q1 2025 Quarters Year to date Share Own Share Currency Retained Total (Unaudited figures in USD 1 000) Q1 2025 Q1 2024 Note 31.12.2024 (Unaudited figures in USD 1 000) Note Capital Shares premium translation earnings eq
Slide 12: Notes to the financial statements – Q1 2025
Notes to the financial statements – Q1 2025 1. Accounting principles 3. Segment information These condensed interim financial statements of Hunter Group were authorized for issue by the Board of Directors The Group operates 1 segment that focuses on the administration of back-to-back charterparties
Slide 13: Notes to the financial statements – Q1 2025
Notes to the financial statements – Q1 2025 6. Investments in other financial assets 8. Subsequent events In 4Q 2023 the Group invested USD 429 thousand for 4 % in Njord Bay AS. Njord Bay AS owns the vessel MV Baltic Bay. In Q1 2025, the company sold this investment with an insignificant profit & lo
Slide 14: Hunter Group ASA
Hunter Group ASA Org. nr. 985 955 107 Dronningen 1 0287 Oslo, Norway +47 975 31 227 Info (a) huntergroup.no