Hafnia (HAFNI) SEB Nordic Seminar 2025 Presentation summary

Financial performance and shareholder returns

• Achieved a record 90% dividend payout ratio for Q3 2024, distributing USD 0.3790 per share, totaling USD 194.1m.

• Net loan-to-value ratio decreased to 19.1% at Q3 2024, the lowest in company history.

• Q3 2024 TCE income rose to USD 361.6m, with adjusted EBITDA at USD 257.0m and profit after tax at USD 215.6m.

• Initiated a share buyback program of up to USD 100m, running from December 2024 to January 2025.

• Maintained consistent dividend growth and a strong balance sheet, with diversified revenue streams.

Market position and industry outlook

• Operates a fully integrated shipping platform, managing around 200 vessels across all product and chemical segments.

• Strong market fundamentals with increasing demand and favorable supply outlook, supporting robust earnings.

• Product tanker (CPP) loadings and ton-miles reached new highs in 2024, while DPP lagged.

• Fleet utilization remains high, with a focus on younger vessels and limited newbuild supply.

• Strategic partnerships and joint ventures enhance operational scale and industry relationships.

ESG commitments and strategic initiatives

• Targeting a 40% reduction in fleet carbon intensity by 2028 and net zero scope 1 emissions by 2050.

• Committed to zero harm, zero compliance breaches, and increased gender diversity in management and crew.

• Investing in dual-fuel newbuilds (LNG and methanol) and sustainable fuel projects through joint ventures.

• Developing clean hydrogen and ammonia projects to support decarbonization and future energy needs.

• All employees receive annual training on compliance, ethics, and human rights.