Mikael Larsen - Head, IR Jacob Meldgaard - Executive Director and CEO Kim Balle - CFO Ladies and gentlemen, thank you for standing by, and welcome to the TORM First Quarter 2024 Results Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question-and-answer session. [Operator Instructions] As a reminder, today's call is being recorded. This morning, we released our company announcement for our results for the first quarter of the ...

Annual Report 2023 TORM PLC Office 105, 20 St Dunstan's Hill London, EC3R 8HL, United Kingdom COMPANY: 09818726 Contents Strategic Report At a Glance TORM at a Glance 4 Letter from the Chairman and the CEO 6 2023 in Review 7 Business Model and Strategic Choices | The Value Chain in Oil Transportation | 9 | | --- | --- | | Strategic Framework and Highlights | 10 | | The Reference Company in Transportation | 12 | | Leading Product Tanker Owner | 13 | | Vessel Flexibility | 15 | | Positioned to Capitalize on a ...

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, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________________ to _________________ OR ☐ SHELL COMPANY REPOR ...

Q3 2023 RESULTS TELECONFERENCE AND WEBCAST Matters discussed in this release may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements in order to encourage companies to provide prospective information about their business. Forward-looking statements reflect our current views with respect to future events and financial performance and may include statements concerning plans, objectives, goals, strategies, f ...

Exhibit 99.1 Highlights "The strong and sustained market for product tankers has resulted in historical high TCE earnings for the first nine months of 2023, that are 26% higher than last year. We expect a strong ending to the year, driven by seasonal factors and continued favorable market conditions," says Jacob Meldgaard and continues: "This quarter, we will return USD 123.2m to our shareholders as dividend." Results Coverage Business highlights TORM INTERIM RESULTS FOR THE THIRD QUARTER AND NINE MONTHS EN ...

Andreas Abildgaard-Hein - Investor Relations Jacob Meldgaard - Executive Director and Chief Executive Officer Kim Balle - Chief Financial Officer Conference Call Participants Thank you for standing by. My name is Dana Ken and IÂ'll be your conference operator today. At this time, I would like to welcome everyone to the TORM plc Nine Months and Third Quarter 2023 Results Conference Call. [Operator Instructions] I would now like to turn the call over to Andreas Abildgaard-Hein. Please go ahead. Please turn to ...

Exhibit 99.1 Highlights “During the second quarter of 2023, we experienced a continued healthy rate environment, contributing to a profit before tax of USD 184m compared to USD 107m in the same period last year,” says Jacob Meldgaard and continues: “Based on this, we will return USD 126.6m to our shareholders as dividends for the period.” Results Coverage financing. Since the announcement in March 2023, TORM • TCE for Q2 2023: USD/day 36,360 (Q2 2022: USD/day • As of 14 August 2023, the coverage for the thi ...

TORM plc (NASDAQ:TRMD) Q2 2023 Earnings Call Transcript August 17, 2023 9:00 AM ET Andreas Abildgaard-Hein - Head, IR Jacob Meldgaard - CEO and Executive Director Kim Balle - CFO Jonathan Chappell - Evercore ISI Hello, and welcome to the TORM plc Second Quarter and Six Months Ended 2023 Results Call. All line have been placed on mute to prevent any background noise. After the speakers remarks there will be a question-andanswer session [Operator Instructions] Andreas Abildgaard-Hein Company Participants Conf ...

Exhibit 99.1 Highlights “During the first quarter of 2023, we saw a sustained strong product tanker market with high volatility, primarily driven by changes in the global flow of refined oil products towards longer haul trades,” says Jacob Meldgaard and continues: “In the first quarter we achieved freight rates across our fleet of USD/day 41,717 compared to USD/day 16,743 in the first quarter of 2022.” Results Business highlights • Based on broker valuations, TORM’s consolidated Net Asset Value (NAV) • TCE ...

Conference Call Participants I would now like to turn the conference over to Andreas Abildgaard-Hein, Head of Investor Relations. Please go ahead. Please turn to slide two, before we start presenting the results, I would like to draw your attention to the Safe Harbor statement. We have achieved an EBITDA of $199 million and a profit before tax of $155 million, both of which are reduced by $15 million due to unrealized losses on FFA contracts that we have incurred to secure strong earnings on part of our ear ...