RESULTS Q3 - 2021 November 24, 2021 FORWARD LOOKING STATEMENTS Matters discussed in this presentation may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995, or the PSLRA, provides safe harbor protections for forwardlooking statements in order to encourage companies to provide prospective information about their business. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumpt ...

RESULTS Q2 - 2021 August 26, 2021 FORWARD LOOKING STATEMENTS Matters discussed in this presentation may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995, or the PSLRA, provides safe harbor protections for forwardlooking statements in order to encourage companies to provide prospective information about their business. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptio ...

Financial Data and Key Metrics Changes - The company reported an EBITDA of $130 million and a net income of $104.5 million for Q2 2021, a significant increase from $23.6 million in the previous quarter [5][13] - Net revenues rose to $215.7 million from $119.5 million in Q1, driven by higher time charter equivalent (TCE) rates [8] - TCE rates for Capesize and Panamax vessels were reported at $29,000 and $19,000 per day, respectively [5] Business Line Data and Key Metrics Changes - The company completed the acquisition of 18 modern Kamsarmax and Newcastlemax vessels, which will contribute additional vessel days in Q3 [5] - Fixed paying days increased by converting floating rates on 380 deadweight ton nonscrubber tonnage to fixed rates averaging $33,000 per day [6] Market Data and Key Metrics Changes - The Capesize rates climbed to well above $40,000 per day, with current trends indicating around $50,000 per day [22][23] - The order book as a percentage of the operating fleet is at a 30-year low, indicating limited newbuilding orders [24] Company Strategy and Development Direction - The company is exiting the CCL Capesize Chartering joint venture to enhance commercial flexibility and control over its fleet [30][31] - The focus is on strengthening direct relationships with customers and improving service delivery [32] Management's Comments on Operating Environment and Future Outlook - The management remains bullish about future demand growth for dry bulk commodities, driven by global GDP growth and stimulus packages [23] - The effective fleet supply is expected to tighten further due to port congestion and inefficiencies caused by COVID-19 [26] Other Important Information - The company announced a dividend of $0.50 per share, reflecting its commitment to returning earnings to shareholders [6] - Cash flow from operations increased significantly to $134.2 million compared to $6.6 million in Q1 [14] Q&A Session Summary - The Q&A session did not contain any recorded questions or answers, as the conference call concluded without further inquiries [38]

Golden Ocean Group Limited (NASDAQ:GOGL) Q1 2021 Earnings Conference Call May 20, 2021 9:00 AM ET Company Participants Ulrik Andersen - Chief Executive Officer Peder Simonsen - Chief Financial Officer Conference Call Participants Greg Lewis - BTIG Operator Thank you for standing by and welcome to todayÂ's Q1 2021 Golden Ocean Group Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speakersÂ' presentation, there will be a question-and-answer session. [Operator Inst ...

RESULTS Q1 - 2021 May 20, 2021 FORWARD LOOKING STATEMENTS Matters discussed in this presentation may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995, or the PSLRA, provides safe harbor protections for forward-looking statements in order to encourage companies to provide prospective information about their business. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions ...

Financial Data and Key Metrics Changes - The company achieved an EBITDA of $59.3 million and a net profit of $25.4 million, translating to $0.18 per share, driven by strong spot chartering performance on both Capes and Panamaxes [5] - Time charter revenue for the quarter was $125 million, down from $143 million in the previous quarter, attributed to lower market rates and low discharge adjustments [10] - The net profit for the full year was reported as a loss of $137.7 million, primarily due to an impairment recorded in Q2 [14] Business Line Data and Key Metrics Changes - The average TCE rates for the first quarter of 2021 are approximately $18,800 per day for 60% of the Cape fleet and $13,100 per day for 77% of the Panamax fleet [8] - Operating expenses increased by approximately $4 million due to drydockings and COVID-related costs, with an average OpEx of $6,100 for the fleet [11] Market Data and Key Metrics Changes - The Capesize market remained above breakeven throughout Q4, while the Panamax market showed more stability [18] - Demand growth is expected to rebound strongly in 2021, with China and India projected to grow more than 8% and 11% respectively [20] Company Strategy and Development Direction - The company is focusing on acquiring modern, fuel-efficient vessels to align with increasing regulatory requirements and customer demands for decarbonization [6][7] - The acquisition of 18 modern vessels from Hemen is seen as a strategic move to enhance fleet efficiency and reduce cash breakeven costs [23][28] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the demand-supply balance, predicting that demand will outpace supply in the next two years, leading to a stronger freight environment [22] - The company believes that the current market conditions, including low asset prices, present a unique opportunity for growth [27] Other Important Information - The company signed the Neptune Declaration on Seafarer Wellbeing, joining approximately 600 other organizations [5] - The cash position at the end of the quarter was $175 million, with a debt and lease liability of $1.2 billion [16] Q&A Session Summary - There were no questions from participants during the Q&A session [35]

RESULTS Q4 - 2020 February 18, 2021 FORWARD LOOKING STATEMENTS Matters discussed in this earnings report may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements, which include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts. The Company desires to take advantage of ...