A STORE D THING L TH 0 4 TIP H 4 Holly 4 17 l I Oil Tanker HeliRy In the two weeks ended September 10, TORM plc (NASDAQ:TRMD) crashed approximately 14% to $32.26, a level not seen in years. | --- | --- | --- | |---------------|-------|-------| | | | | | Sep. 10, 2024 | 33.09 | | | Sep. 09, 2024 | 32.91 | | | Sep. 06, 2024 | 33.42 | | | Sep. 05, 2024 | 33.42 | | | Sep. 04, 2024 | 33.91 | | | Sep. 03, 2024 | 35.46 | | | Aug. 30, 2024 | 36.29 | | | Aug. 20, 2024 | 36.82 | | | Aug. 28, 2024 | 38.02 | | | --- | ...

I II n djgunner Thesis The last 10 days have been rough for owners of TORM plc (NASDAQ:TRMD) with the share price declining roughly 15%. The stock has been hammered by both a general market sell-off, as well as seasonality taking its toll on charter rates. However, the global refinery market continues to polarize, with production moving out of Europe and shifting toward the Middle East and Africa. This dynamic will continue the trend of a structural shift in the global clean product trade. At the currently ...

I II n djgunner Article Thesis TORM plc (NASDAQ:TRMD) is a shipping company that offers a gigantic 22% dividend yield right now, based on its most recent quarterly dividend payment. A yield this high is risky, of course, and even though TORM is very profitable right now, the dividend yield is likely not sustainable in the long run. That being said, TORM plc is a well-managed shipping company, and total returns could be attractive even if there is a dividend reduction in the foreseeable future. Company Overv ...

TORM PLC (TRMD) came out with quarterly earnings of $2.02 per share, beating the Zacks Consensus Estimate of $1.99 per share. This compares to earnings of $2.14 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 1.51%. A quarter ago, it was expected that this company would post earnings of $2.21 per share when it actually produced earnings of $2.08, delivering a surprise of -5.88%. Over the last four quarters, the company has su ...

The market expects TORM PLC (TRMD) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on Au ...

For those looking to find strong Transportation stocks, it is prudent to search for companies in the group that are outperforming their peers. Is TORM PLC (TRMD) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Transportation sector should help us answer this question. TORM PLC is one of 135 individual stocks in the Transportation sector. Collectively, these companies sit at #16 in the Zacks Sector Rank. The Zacks Sector Rank includes 1 ...

Dikuch Thesis TORM plc (NASDAQ:TRMD) is one of those stocks that I just have to trust the facts. Despite the significant rise in stock price since my last analysis, the facts show TRMD can generate a healthy yield, supported by increased refinery output in the Middle East and Africa. The additional refinery capacity in these areas should maintain the strong demand for tanker vessels even as new builds begin to hit the waters in growing numbers in 2025. By maintaining balance, I expect market conditions to b ...

Exhibit 99.1 Highlights "Our strong performance extended into the first quarter of 2024, supported by favorable market conditions and the timely delivery of vessels acquired in 2023," says Jacob Meldgaard, adding: "Sustained geopolitical tensions continue to contribute to TORM's strong results." Results In the first quarter of 2024, TORM grew time charter equivalent earnings (TCE) to USD 330.7m (2023, same period: USD 265.0m) and realized an EBITDA of USD 265.8 m (2023, same period: USD 198.5m) and a net pr ...

TORM plc (NASDAQ:TRMD) Q1 2024 Earnings Conference Call May 8, 2024 8:00 AM ET Company Participants Mikael Larsen - Head, IR Jacob Meldgaard - Executive Director and CEO Kim Balle - CFO Conference Call Participants Jon Chappell - Evercore Operator 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. [Oper ...

Financial Performance - TORM reported a revenue of USD 1,520 million in 2023, an increase of 5.3% compared to USD 1,443 million in 2022[12]. - Time charter equivalent (TCE) earnings reached USD 1,084 million, up from USD 982 million in the previous year, reflecting a 10.4% increase[12]. - EBITDA for 2023 was USD 848 million, representing a 14.1% increase from USD 743 million in 2022[12]. - The net profit for the year was USD 648 million, compared to USD 563 million in 2022, marking a 15.1% increase[12]. - The adjusted return on invested capital (RoIC) was 27.6% in 2023, slightly down from 28.1% in 2022[12]. - TORM's equity ratio improved to 58.0% in 2023, up from 57.5% in 2022[12]. - The company declared a dividend of USD 4.42 per share for Q1-Q3 2023, compared to USD 4.63 in the same period of 2022[12]. - Proposed dividend per share for Q4 2023 is USD 1.36[12]. - TORM's total assets increased to USD 2,870 million in 2023, up from USD 2,614 million in 2022[12]. - TORM achieved record earnings in 2023, with a net profit of USD 648 million, representing a 15.1% increase from USD 563 million in 2022[22]. - The company declared and proposed dividends totaling USD 497 million in 2023, equivalent to 77% of net profit and 19% of market capitalization at year-end[29]. - TORM's adjusted Return on Invested Capital (ROIC) for 2023 was 27.6%, demonstrating superior performance compared to industry peers[25]. - The total TCE earnings for 2023 amounted to USD 1,084 million, with a net profit of USD 648 million, and TCE/day across all vessel classes was USD 37,124[47]. - TORM declared a total dividend of USD 497 million for 2023, including a proposed dividend of USD 126 million for the fourth quarter[83]. Fleet and Operations - The fleet was expanded to 90 vessels, with the acquisition of nine LR2 and seven LR1 vessels, enhancing long-haul capabilities[26]. - TORM operates a fleet of 90 vessels across all major product tanker classes, with a net loan-to-value (LTV) of USD 3,495 million and an adjusted return on invested capital (RoIC) of 27.6%[46]. - Approximately 90% of TORM's coverage in 2023 was through forward freight agreements (FFAs), allowing for increased operational leverage in a strong market[62]. - TORM's operational efficiency was supported by the One TORM platform, which integrates commercial and technical management, optimizing vessel positioning and performance[24]. - The company actively participated in the Tanker Security Program (TSP) with Seabulk, enhancing fleet flexibility and access to exclusive markets[28]. - TORM's fleet optimization strategy includes the acquisition of 23 new vessels and the sale of 11 older vessels, increasing the DWT ratio of LR vessel classes from approximately 40% to 50%[67][82]. - TORM's investment in fleet renewal included the delivery of 12 new vessels in 2023, contributing to the increase in primary/hybrid data[156]. Sustainability and Emissions - The company aims for a path towards zero emissions by 2050, with a 2030 energy transition plan in place[2]. - TORM achieved a 39.6% reduction in carbon intensity compared to 2008, nearing its 2025 target of a 40% reduction[31]. - TORM aims for zero CO2 emissions from its fleet by 2050, with specific performance measures in place to achieve this goal[91]. - The company is investigating opportunities to diversify its cargo capabilities, with plans to increase the number of vessels certified to carry chemicals from 17 to 26[71]. - TORM's energy transition plan includes known technologies to achieve a 40% CO2 intensity reduction by 2025, ahead of the IMO's target[91][96]. - TORM achieved a 39.6% reduction in annual emissions compared to the IMO baseline (2008), with a target of a 45% reduction by 2030[46][91]. - TORM's climate-related scenario analysis identified four financially material climate-related risks and three opportunities, informing the corporate strategy process[172]. - The company is actively collaborating on sustainable solutions to address infrastructure gaps for green fuels, which are essential for achieving zero emissions[104]. - TORM's safety performance in 2023 was measured at 0.32 lost time accident frequency (LTAF) per million exposure hours, with a target of 0.30 for 2030[137]. - The company has integrated energy efficiency initiatives into its annual budgeting process to ensure adequate funding for carbon reduction efforts[98]. - TORM continues to refine its Scope 3 emissions reporting to enhance data accuracy and awareness across its value chain[149]. - In 2023, TORM's primary/hybrid data increased from 75% to 92%, significantly impacting the Scope 3 emissions calculation, where Category 2 (capital goods – vessels and modifications) accounted for 70% of total emissions, up from 32% in 2022[155][156]. - TORM's Scope 1 CO2 emissions rose due to an increase in fleet size from 78 to 82 vessels and operating days increased from 29,610 to 30,605[158]. - Total greenhouse gas (GHG) emissions for 2023 increased, but TORM achieved a reduction in carbon intensity, with the Annual Efficiency Ratio (AER) decreasing from 5.15 to 4.93[161][162]. - TORM updated its emission factors for Scope 3 spend-based data, resulting in a 12% reduction in total CO2 emissions[157]. - The company engaged in various industry collaborations, including the Mærsk McKinney Møller Center for Zero Carbon Shipping, to promote sustainable practices[191]. Governance and Reporting - The company has established a new team dedicated to ESG reporting, enhancing its focus on sustainability and transparency[129]. - TORM is preparing for the significant impact of the CSRD in 2024, focusing on comprehensive reporting and double materiality assessments[174][175]. - The company is committed to achieving at least 35% of its leadership positions held by women by 2030[141].