Odfjell SE - Chemical Tanker Industry Update
Introduction
Strategy update
ESG
Tank Terminals
Capital Allocation
Despite uncertain times, our long term strategy remains intact but we are
adapting our short term priorities
High level and long term targets
Safety
performance
Zero accidents
A
Revenue /
Top-line
Average revenue growth of 10% per year (over time)
57
Profitability
Industry leading EBITDA margins
Attractive returns for our shareholders
Tankers
Terminals
Benefit from scale advantages. Towards our customers by offering better service
(cost, efficiency and predictability) and internally through efficiency gains and
reduced unit cost
Have a meaningful network of terminals, where we either have operational
synergies with Odfjell Tankers or another clear angle for value creation. Terminals
should ideally represent a third of our total balance sheet
6
Key focus areas driven by Covid-19 uncertainties
Keep everyone safe and healthy
QHSE
Keep scheduled maintenance to minimum
O Keep entire fleet and terminals operational
OPERATIONS
O Keep delivering to our customers
DE-RISK
Fill the ships and collect our freight
Accelerate refinancing
O Increase liquidity to eliminate bond refinancing risk
O Reduce capex and spending
Keep distractions to a minimum
FOCUS
Keep engagement levels highView entire presentation