Odfjell SE - Chemical Tanker Industry Update

Introduction Capital Allocation priorities Strategy update ESG Tank Terminals Capital Allocation Odfjell Tankers Newbuildings fully funded and zero capex or investments plans beyond 2020. Any growth needs to be capital light and have limited effect on our balance sheet Odfjell Terminals To remain self-funded after successful refinancing. Growth is focused on our Houston terminal and any further accretive growth plans to be considered on a case by case basis De- leveraging Reduce our debt levels and ensure we reach our target of low break-even levels (Market dependent) Dividends Establish a fixed and sustainable dividend policy and return cash flow to shareholders (Market dependent) 9

View entire presentation