Laila Halvorsen - CFO Frode Morkedal - Clarksons Securities Company Participants Conference Call Participants Operator I would now like to hand the conference over to your speaker today, Laila Halvorsen, CFO. Please go ahead. Thank you. Good morning and good afternoon, everyone. Welcome, and thank you for joining DHT Holdings third quarter 2023 earnings call. I'm joined by DHT's President and CEO, Svein Moxnes Harfjeld. As usual, we will go through financials and some highlights before we open up for your q ...

DISCLAIMER Forward Looking Statements This presentation contains certain forward-looking statements and information relating to the Company that are based on beliefs of the Company's management as well as assumptions, expectations, projections, intentions and beliefs about future events, in particular regarding dividends (including our dividend plans, timing and the amount and growth of any dividends), daily charter rates, vessel utilization, the future number of newbuilding deliveries, oil prices and seaso ...

Financial Data and Key Metrics Changes - The company reported revenues on a TCE basis of $113 million and EBITDA of $90 million for the quarter, with net income at $57 million, equating to $0.35 per share [10] - The weighted average TCE achieved for the quarter was $56,300 per day, with spot market vessels earning $64,800 per day and time charter vessels earning $36,200 per day [3][10] - The quarter ended with $130.6 million in cash, and total liquidity was $359 million, consisting of $131 million in cash and SEK 228 million available under a revolving credit facility [4][34] Business Line Data and Key Metrics Changes - The company allocated $9 million to shareholders through share buybacks during the quarter and invested $20 million in fleet enhancements, including $1.8 million in maintenance CapEx and $8.6 million for exhaust gas cleaning systems [4][10] - The company took delivery of the newly acquired vessel, DHT Appaloosa, which is expected to be accretive to earnings and improve fleet efficiencies [5][37] Market Data and Key Metrics Changes - The current market is described as balanced to tight, with increased transportation distances due to higher seaborne crude volumes [7] - The estimated P&L breakeven for the second half of the year for the fleet is about $27,000 per day, with the spot fleet requiring about $25,900 per day [15][39] Company Strategy and Development Direction - The company aims to maintain a solid balance sheet with low leverage and significant liquidity, focusing on capital allocation towards dividends and share buybacks [34][36] - The company has no plans for new building orders, preferring to invest in existing assets that can generate immediate returns [56] Management's Comments on Operating Environment and Future Outlook - Management noted that OPEC+ production cuts are typically not favorable for tanker markets, but the current supply picture is constructive due to a low order book for new VLCCs [41] - The company anticipates a potential stock rebuilding and increased refinery runs, which could drive demand for tanker services [42] Other Important Information - The company has completed all retrofit projects for exhaust gas cleaning systems, ensuring all ships are now fitted with these systems [37] - The company has a 10b5 program in place for share buybacks, allowing for opportunistic purchases based on market conditions [13][50] Q&A Session Summary Question: Thoughts on the VLCC spot market and future demand - Management indicated that demand for VLCCs is influenced by trade flows and pricing dynamics, particularly in relation to U.S. crude exports to Europe and Asia [20][21] Question: Impact of Saudi cuts on market weakness - Management acknowledged the complexity of estimating the impact of Saudi cuts but noted that maintaining higher prices could support demand in the fourth quarter [27][28] Question: Clarification on the buyback program - The buyback program is opportunistic, with management deciding on purchases based on market conditions and stock valuation [29][50] Question: VLCC supply side and shadow markets - Management confirmed that a significant portion of the VLCC fleet is trading in shadow markets, which has reduced fleet productivity but may support higher realized averages [30][54] Question: Future fuels and new building plans - Management expressed no plans for new buildings, citing high costs and the need for immediate revenue-generating assets [56][70]

IÂ'd say liquidity in sort of term business is thinner now than it was, say, in the fall and that in the winter, but very few things got executed and the bid-ask spread was quite significant during the first quarter hence basically nothing got out. Jonathan Chappell China is, for sure, reopening, and weÂ've seen the latest numbers that refinery runs are higher than what they were on prior months and prior quarters. But we do think that these runs are primarily tuned to increase in domestic consumption. Grea ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED DECEMBER 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 19 ...

[Report of Foreign Private Issuer (Form 6-K)](index=1&type=section&id=Form%206-K%20Report%20of%20Foreign%20Private%20Issuer) [Filing Information](index=1&type=section&id=Filing%20Information) DHT Holdings, Inc., a foreign private issuer, filed this Form 6-K report for the month of March 2023, with annual reports filed under Form 20-F - **Company**: DHT Holdings, Inc.[1](index=1&type=chunk) - **Filing Type**: Form 6-K for March 2023[1](index=1&type=chunk) - The registrant files annual reports under Form 20-F[2](index=2&type=chunk) [Press Release and Exhibit](index=2&type=section&id=Press%20Release%20and%20Exhibit) The report includes a press release, filed as Exhibit 99.1, dated March 23, 2023, announcing the availability of the company's Annual Report on Form 20-F for the fiscal year ended December 31, 2022 - A press release issued on **March 23, 2023**, announces the availability of the Annual Report on Form 20-F for the fiscal year ended **December 31, 2022**[3](index=3&type=chunk) Exhibit Details | Exhibit | Description | | --- | --- | | 99.1 | Press Release dated March 23, 2023 | [Signatures](index=4&type=section&id=Signatures) The report was signed on March 23, 2023, by Laila C. Halvorsen, the Chief Financial Officer of DHT Holdings, Inc - The report is signed by **Laila C. Halvorsen**, Chief Financial Officer, on behalf of DHT Holdings, Inc.[6](index=6&type=chunk) - **Date of Signature**: March 23, 2023[6](index=6&type=chunk)

Financial Data and Key Metrics Changes - In Q4 2022, the average TCE (Time Charter Equivalent) was $56,900 per day, with vessels in the spot market earning $63,800 per day and those on time charter earning $36,100 per day [3] - The net income for the full year was $62 million, equating to $0.37 per share, while Q4 net income was $61.8 million, or $0.38 per share [3][11] - EBITDA for Q4 was reported at $95.4 million, with operating expenses (OpEx) for the year totaling $73.8 million, averaging $8,250 per day for the fleet [3][11] Business Line Data and Key Metrics Changes - The company expects a P&L breakeven for the fleet of approximately $27,200 per day for 2023, with cash breakeven estimated at $18,100 per day [7] - The company has completed 2 retrofits of exhaust gas cleaning systems and has plans for the remaining vessels, indicating a focus on environmental compliance and operational efficiency [16] Market Data and Key Metrics Changes - The reopening of China is expected to drive demand for crude oil, with significant import quotas suggesting increased refinery runs [8] - The VLCC (Very Large Crude Carrier) order book is at 2.2% of the sailing fleet, with a growing number of older vessels, indicating potential supply constraints in the future [17] Company Strategy and Development Direction - The company aims to maintain a strong balance sheet and has adopted a new dividend policy to distribute 100% of net income to shareholders, reflecting confidence in its financial stability [6][14] - The management emphasizes a disciplined approach to business execution, focusing on delivering reliable services and strong results for shareholders [38] Management's Comments on Operating Environment and Future Outlook - Management noted favorable market fundamentals and expects continued strong earnings from the tanker sector, driven by geopolitical disruptions and limited new supply of vessels [8] - The company anticipates that the current disruptions in the market will not resolve quickly, suggesting a prolonged period of favorable conditions for VLCCs [21] Other Important Information - The company ended the quarter with $126 million in cash and $234 million available under revolving credit facilities, indicating strong liquidity [31] - The company has a strategy to build fixed income gradually, responding to increasing demand for term contracts while ensuring the right conditions for investments [52] Q&A Session Summary Question: What is the company's leverage position and willingness to increase debt for investments? - The company has built a strong balance sheet to maintain investment capacity when the timing is right, focusing on organic growth without relying on external capital [39] Question: How does the company view its older vessels in the current market? - Management believes the older vessels are high-quality assets that continue to generate good earnings and are not candidates for divestment at this time [41] Question: What is the company's stance on fleet expansion and modernization? - The company is cautious about current asset prices and does not see an immediate need for expansion, preferring to wait for more favorable conditions [43] Question: How does the company perceive the shadow fleet and its implications? - Management acknowledges the existence of a shadow fleet and its potential impact on the market, emphasizing the need for regulatory oversight [63][64] Question: Will the company consider changing its dividend policy? - Any changes to the dividend policy would be contingent on significant strategic shifts or market conditions, with prior notice to shareholders [76]

DHT Holdings, Inc. (NYSE:DHT) Q3 2022 Results Conference Call November 8, 2022 8:00 AM ET Company Participants Laila Halvorsen - Chief Financial Officer Svein Moxnes Harfjeld - President & Chief Executive Officer Conference Call Participants Frode Morkedal - Clarksons Jonathan Chappell - Evercore ISI Macalla Rogers - Stifel Omar Nokta - Jefferies Chris Tsung - Webber Research Anders Karlsen - Kepler Cheuvreux Operator Good day, and thank you for standing by. Welcome to the Q3 2022 DHT Holdings Inc. Earnings ...

DHT Holdings, Inc. (NYSE:DHT) Q1 2022 Earnings Conference Call May 10, 2022 8:00 AM ET Company Participants Laila Halvorsen - CFO Svein Moxnes Harfjeld - President and CEO Conference Call Participants Jon Chappell - Evercore ISI Chris Robertson - Jefferies Frode Morkeda - Clarksons Securities Chris Tsung - Webber Research Operator Good day and thank you for standing by. Welcome to the DHT HoldingÂ's Q1 2022 Earnings Conference Call. At this time all participants are in a listen-only mode. After the speakers ...

SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 6-K Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 under the Securities Exchange Act of 1934 For the month of March 2022 Commission File Number 001-32640 DHT HOLDINGS, INC. (Exact name of Registrant as specified in its charter) Clarendon House 2 Church Street, Hamilton HM 11 Bermuda (Address of principal executive offices) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F ...