Hafnia – Presentation of Half-year report 2023

We have the pleasure of inviting you to Hafnia’s Q2 2023 presentation, where CEO Mikael Skov will take us through the numbers and discuss the latest trends in the tanker business. The event will take place on Friday the 25th of August at 10:30 a.m.

The report is expected earlier the same day on Friday the 25th of August. Hafnia is not guiding themselves, either on a full year or on a quarterly basis.

Consensus expectations according to Refinitiv, among 4 analysts, are for a TCE Income of USDm 334.5 while EBITDA and Net Income are expected at USDm 243.5 and USDm 170.5 respectively in Q2 2023. In historical terms, these are record-breaking numbers but are a little lower than realized numbers in both Q1 2023 and Q2 2022, and thus reflect that rates have come down during 2023.

Hafnia has paid quarterly dividends every quarter since Q1 in 2022 and is expected to do the same for the coming quarter. In Q1 2023, dividends were at USD 0.3044 per share equal to 60% of Net Profit. Current consensus expectations for Q2 2023 are for a dividend of USD 0.230 per share or NOK 2.40 per share, equal to a yield of approx. 4.1% at the current share price and exchange rate.

Disclaimer: HC Andersen Capital receives payment from Hafnia for a Digital IR/Corporate Visibility subscription agreement. /Rasmus Køjborg, CFA at 11.15 on 15/08-2023.