Investor Presentaiton
Odfjell at a glance
Odfjell Tankers
Odfjell Terminals
Capital Allocation
Summary
...And ensure we have a strong balance sheet at all times and strong cash flow
generating capabilities
EBITDA and current debt repayment schedule
NIBD/EBITDA development based on annualized 2020
4.2x
350
NIBD/EBITDA
3.5x
Debt target range
300
3.0x
2.5x
Free cash flow to equity after debt and interest cost in various TCE and cycle scenarios
High cycle
327
300
273
250
245
USD mill
200
Mid cycle
218
191
164
150
136
All-time low
100
Low cycle
109
82
50
55
50
27
2020
0
2021
2022
0
2023
18,000 19,000 20,000 21,000 22,000 23,000 24,000 25,000 26,000 27,000 28,000 29,000 30,000
Target B/E
TCE rate per day (USD)
2020 ytd
2016
We believe this strategy will make us succeed in reducing our cost of debt and cost of equity and improve our competitiveness
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