Hafnia Limited · OSL:HAFNI
Hafnia — Pareto Securities September 2022
16 slides from Hafnia's conference presentation, Sep 15, 2022
Slide 1: Investor Presentation September 2022
Hafnia Limited INVESTOR PRESENTATION September 2022
Slide 2: Disclaimer – Safe Harbor Message
DISCLAIMER – Safe Harbor Message IMPORTANT: YOU MUST READ THE FOLLOWING BEFORE CONTINUING. THE FOLLOWING APPLIES TO THIS DOCUMENT, THE ORAL PRESENTATION OF THE INFORMATION IN THIS DOCUMENT BY HAFNIA LIMITED (THE "COMPANY") OR ANY PERSON ON BEHALF OF THE COMPANY, AND ANY QUESTION-AND-ANSWER SESSION T
Slide 3: Agenda
AGENDA Hafnia overview Financial Summary Industry Review & Outlook ESG 3
Slide 4: Introduction to Hafnia
INTRODUCTION TO HAFNIA Fully integrated shipping platform with 100% alignment of interests and no fee leakage LARGEST OPERATOR OF PRODUCT AND CHEMICAL STRONG INDUSTRY TANKERS IN THE WORLD STRONG RELATIONSHIPS FUNDAMENTALS AND WITH INDUSTRY PARTNERS EARNINGS POTENTIAL AND INVESTOR COMMUNITY ROBUST BU
Slide 5: World's leading product and chemical tanker company
WORLD’S LEADING PRODUCT AND CHEMICAL TANKER COMPANY Increase in Freight Rates Post Acquisitions Outperformance in ROE Against Peers USD/day 90,000 53.5% CONSISTENT DIVIDEND 80,000 PAYOUT 70,000 2. Acquisition of 12x Modern LR1s ▪ Consistently paid out 50% of net profit from Scorpio Tankers 41.4% ▪ T
Slide 6: Agenda
AGENDA Hafnia overview Financial Summary Industry Review & Outlook ESG 6
Slide 7: Q2 & 1H 2022 Financial Highlights
Q2 & 1H 2022 FINANCIAL HIGHLIGHTS TCE Income EBITDA Pool and Bunker Income 1H 2022 1H 2022 1H 2022 USD 511.7M USD 345.0M USD 15.4M Q2 2022 Q2 2022 Q2 2022 USD 348.3M USD 257.5M USD 9.4M Net Income Dividends Return on Equity 1H 2022 1H 2022 1H 2022 USD 207.5M USD 103.6M ROE 29.8% Q2 2022 Q2 2022 Q2 2
Slide 8: Significant Earnings Potential
SIGNIFICANT EARNINGS POTENTIAL Recent upturn in product tanker market signify strong earnings potential for 2022 Analysts’ consensus rates1 Rates earned in the week beginning 29 August2 USDm USD USDm USD 1,400 1.0 1,400 1.0 1,200 1,200 0.8 0.8 ~0.7USD/ ~1,010 7.0 NOK 1,000 1,000 ~0.6USD/ ~840 5.3 NO
Slide 9: Agenda
AGENDA Hafnia overview Financial Summary Industry Review & Outlook ESG 9
Slide 10: Redrawing of Oil Trade Routes
REDRAWING OF OIL TRADE ROUTES Russia to EU CPP Daily Loadings Russia to Non-EU CPP Daily Loadings m barrels/d m barrels/d 1.3 0.6 1.2 0.5 1.1 0.4 1.0 0.3 0.9 0.2 0.1 0.8 Jan Feb Mar Apr May Jun Jul Aug Qtr3 Qtr4 Qtr1 Qtr2 Qtr3 Qtr4 Qtr1 Qtr2 Qtr3 Qtr4 Qtr1 Qtr2 Qtr3 Qtr1 Qtr2 Qtr3 2019 2020 2021 202
Slide 11: Cargo Volumes and Tonne-Miles
CARGO VOLUMES AND TONNE-MILES CPPs and Chemicals Crude m barrels/day b tonne-miles/day m barrels/day b tonne-miles/day 25 9.4 9.5 50 32.0 30.6 9.1 30.0 9.0 29.2 45 28.6 28.4 8.7 20 28.0 42.1 41.8 8.4 8.5 18.2 17.6 17.4 40.1 40 26.0 15.4 8.0 37.4 15 24.0 35 7.5 22.0 10 7.0 30 20.0 Jul-19 Jul-20 Jul-2
Slide 12: Global Product Tanker Fleet
GLOBAL PRODUCT TANKER FLEET Tanker Orderbook % Fleet (DWT) Increasing Newbuild Prices % of fleet USDm 20 65 15 August 2022: 55 ▪ Product: 5.40% (↓51% from Aug 2017) ▪ Crude: 4.67% (↓62% from Aug 2017) 10 45 5 35 0 25 Jan-17 Jul-17 Jan-18 Jul-18 Jan-19 Jul-19 Jan-20 Jul-20 Jan-21 Jul-21 Jan-22 Jul-22
Slide 13: Agenda
AGENDA Hafnia overview Financial Summary Industry Review & Outlook ESG 13
Slide 14: Hafnia's ESG Strategy
HAFNIA’S ESG STRATEGY Environment Social Governance Ensure a fair, safe and inclusive work Uphold the highest corporate Reduce our environmental impact environment, where everyone is governance standards, professionalism encouraged to achieve their full potential and business integrity across all ac
Slide 15: Governance of ESG in Hafnia
GOVERNANCE OF ESG IN HAFNIA • Governance of ESG strategy is anchored with Board of Directors the Board of Directors and the Leadership Oversees ESG Strategy, Progress and Risks Audit Committee Group. Oversees ESG disclosures, processes, • Ownership and responsibility to drive actions controls and ex
Slide 16: Thank You
THANK YOU www.hafniabw.com