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Investor Presentaiton

Odfjell at a glance Odfjell Tankers Odfjell Terminals Capital Allocation Summary Our results have therefore improved as we can start to measure the effects of our increased competitiveness 316 EBITDA per division, USD million (excluding IFRS 16 effects)*: 286 74 95 242 191 182 109 169 157 110 96 285 93 73 59 59 117 22 22 96 96 27 98 98 61 66 238 47 191 40 166 167 38 38 27 135 24 229 31 Recent years achievements: Major changes in our cost base and the Odfjell Tankers fleet 188 196 Restructured Odfjell Termianls 147 137 125 109 97 2014 2015 2016 2017 2018 2019 2020** Chemical tankers 2007 2008 2009 2010 2011 2012 2013 LPG/Ethylene Tank terminals* Source: Odfjell * 2017 and 2018 EBITDA reduced by USD 8 mill and USD 10 mill, respectively due to sale of Oman and Singapore. Figures excludes IFRS16 effects for FY2019 and FY2020 and 2020 EBITDA is annualized
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