Investor Presentaiton
Odfjell at a glance
Odfjell Tankers
Odfjell Terminals
Capital Allocation
Summary
...as low-cost producers keeps gaining market share which stimulates tonne-mile
demand
Feedstock prices...
...Has ensured US producers have the
...Chinese Imports replacing Domestic
most competitive producer margins
production
US Ethane
Asia Naphtha
US Naphtha
USA
Europe
NEA
Seaborne imports
Average utilsation domestic capacity
600
300
Methanol
2.3
85
200
2.2
80
550
100
2.1
75
500
0
2.0
70
65
450
-100
1.9
Jan-20
May-20
Sep-20
60
1.8
400
55
600 Eth.Glycol
1.7
350
400
300
200
Mill tonnes
50
1.6
45
1.5
1.4
250
1.3
-200
30
200
Jan-20
May-20
Sep-20
1.2
25
Styrene
1.1
20
150
200
1.0
15
100
0
0.9
10
0.8
5
50
-200
0.7
0
0
jan- jun- jan- jun-
jan-
Sep-
-400
18
18
19 19
20
20
01/20 04/20 07/20 10/20
Jan-20
May-20
Sep-20
Source: Odfjell
12
Observations
40
35
Less US & AG export capacity coming
online going forward. However, last years
new capacity to gain market share from
high cost domestic producers is estimated
to support continued higher shipping
demand relative to end-user demand both
in a tonne and a tonne-mile perspectiveView entire presentation