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 ...

09 NOVEMBER 2023 Q3 2023 RESULTS TELECONFERENCE AND WEBCAST Safe harbor statement as to the future 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 state ...

财务指标和业绩表现 - 公司第三季度和前九个月的TCE收益率分别为每天33,010美元和36,837美元，较去年同期分别增加26%[2][7] - 公司第三季度和前九个月的EBITDA分别为1.782亿美元和6.136亿美元，较去年同期分别增加8%和29%[2] - 公司第三季度和前九个月的利润总额分别为1.277亿美元和4.672亿美元，较去年同期分别增加41%和39%[2] - 公司第三季度和前九个月的每股收益分别为1.47美元和5.57美元，较去年同期分别增加44%和35%[2] - 公司第三季度和前九个月的投资资本回报率分别为22.6%和29.4%，较去年同期分别增加9个百分点和5.8个百分点[2] - 2023年前9个月的经营活动现金流为6.10亿美元，主要由于TCE增加和营运资金变动改善，主要与应收账款有关[19] - 2023年前9个月的投资活动现金流为-3.51亿美元，主要由于购买和交付10艘二手船舶[20] - 2023年前三季度净利润为4.634亿美元，同比增长38.8%[71] - 2023年前三季度营业收入为11.326亿美元，同比增长13.7%[74] - 2023年前三季度EBITDA为6.136亿美元，同比增长28.9%[74] - 2023年前三季度EBIT为5.033亿美元，同比增长36.1%[74] - 2023年第三季度净利润为1.243亿美元，同比下降42.7%[73] - 2023年前三季度营运现金流为6.101亿美元，同比增长140.1%[71] - 2023年前三季度投资活动现金流为-3.505亿美元[71] - 2023年前三季度融资活动现金流为-3.398亿美元[71] - 公司第三季度和前九个月的净利润分别为1.243亿美元和4.637亿美元[91] - 公司第三季度和前九个月的每股基本收益分别为1.47美元和5.57美元[91] - 公司第三季度和前九个月的每股摊薄收益分别为1.42美元和5.37美元[91] - 第三季度收入为3.581亿美元，同比下降20.1%[116] - 第三季度毛利为1.905亿美元，同比下降28.5%[124] - 第三季度EBITDA为1.782亿美元，同比下降31.9%[116] - 第三季度净利润为1.243亿美元，同比下降42.7%[116] - 第三季度每股基本收益为1.47美元，同比下降44.7%[116] - 第三季度每股摊薄收益为1.42美元，同比下降45.9%[116] - 前三季度净利润(不含非经常性项目)为4.574亿美元，同比增加45.3%[124] - 前三季度投资资本回报率(RoIC)为29.4%，同比增加5.8个百分点[126] - 前三季度调整后投资资本回报率(Adjusted RoIC)为28.8%，同比增加6.3个百分点[128] - 第三季度经营活动产生的现金流量净额为2.029亿美元，同比增加22.7%[117] 股利分配和股本变动 - 公司第三季度宣布派发每股1.46美元的股息，预计总金额为1.232亿美元[2] - 公司已宣布第三季度和前九个月的每股股利分别为1.46美元和4.42美元[91] - 公司第三季度和前九个月的已付股利分别为1.26亿美元和4.632亿美元[91] - 公司于第三季度完成了54.7百万美元的股本增资[69] - 公司于第三季度派发了463.2百万美元的股利[69] 船队变动和收购 - 公司在第三季度新增了4艘中型成品油船,并在第四季度收购了8艘大型成品油船,将总船队扩充至93艘[3][4] - 截至9月30日,公司船队的市场价值为30.546亿美元,较6月30日下降0.6%[4] - 公司于第三季度后收购了4艘2015和2016年建造的MR型产品油轮,总现金对价为7500万美元,并发行268万股新股[97] - 公司于第三季度后收购了8艘2010至2012年建造的LR2型生态油轮,总对价为3.99亿美元,其中现金2.39亿美元,并发行约550万股新股[98] - 公司于第三季度后出售了3艘MR和LR2型油轮,预计将获得1.84亿美元的专项收益[99] - 公司于第三季度后交付了2艘LR1型油轮给新买家[100] 其他 - 截至11月6日,公司第四季度的运力已经有64%被锁定,平均租金为每天38,822美元[2] - 截至9月30日,公司的净资产价值为25.125亿美元,较去年同期增加20.6%[4] - 截至2023年9月30日，TORM的权益为15.69亿美元，主要由于运费率上升导致留存利润增加，以及与购买3艘MR产品油轮相关的资本增加[17] - 预计2023年全年TCE收益将在10.75-11.25亿美元之间，EBITDA将在8.25-8.75亿美元之间[36] - 截至2023年11月6日，公司已经锁定了2023年91%的可用航次，剩余9%的航次收益率可能会发生较大变化[37] - 截至2023年11月6日，公司已经锁定了2023年第四季度64%的可用航次[38] - 公司已经通过远期运价合约和燃料掉期合约锁定了2023年第四季度744个航次和2024年第一季度443个航次的收益[42] - 公司预计2023年全年的可用航次为29,335天，2024年全年的可用航次为30,240天[42] - 公司2023年第四季度和2024年第一季度的平均收益率分别为38,822美元/天和40,134美元/天[42] - 公司董事会决定授予CEO等员工共计555,200份限制性股票期权,总公允价值为1.32亿美元[102] - 公司使用EBITDA作为补充财务指标,以评估公司的经营业绩和遵守融资协议中的财务契约和限制[130] - 公司调整EBITDA时剔除了衍生品公允价值变动的影响,以增加EBITDA数据的可比性[131] - 公司定义投资资本为有形和无形固定资产、合营企业投资、递延税资产、其他投资、存货、应收账款等资产减去相关负债[132] - 公司定义净带息债务为贷款减去现金及贷款应收款[134] - 公司定义流动性为现金及未使用授信额度之和,反映公司的财务状况和投资能力[135,136] - 公司计算每股净资产值(NAV/share)时,主要考虑船舶价值、商誉、其他资产负债等因素[138,139] - 公司使用航次当量收益(TCE)作为业绩指标,并对其进行调整以剔除衍生品公允价值变动的影响[143,144] - 公司使用贷款与船舶价值比率(LTV)来描述公司的财务状况和偿债能力[144,145]

TORM plc (NASDAQ:TRMD) Q3 2023 Earnings Conference Call November 9, 2023 8:00 AM ET Company Participants Andreas Abildgaard-Hein - Investor Relations Jacob Meldgaard - Executive Director and Chief Executive Officer Kim Balle - Chief Financial Officer Conference Call Participants Jon Chappell - Evercore Bendik Nyttingnes - Clarksons Securities Operator Thank you for standing by. My name is Dana Ken and I’ll be your conference operator today. At this time, I would like to welcome everyone to the TORM plc Nine ...

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 Company Participants Andreas Abildgaard-Hein - Head, IR Jacob Meldgaard - CEO and Executive Director Kim Balle - CFO Conference Call Participants Jonathan Chappell - Evercore ISI Operator 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-and-answer session [Operator Ins ...

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 ...

TORM plc (NASDAQ:TRMD) Q1 2023 Earnings Conference Call May 11, 2023 9:00 AM ET Company Participants Andreas Abildgaard-Hein - Head, IR Jacob Meldgaard - CEO and Executive Director Kim Balle - CFO Conference Call Participants Jon Chappell - Evercore Operator Hello, and thank you for standing by. My name is Regina, and I will be your conference operator today. At this time, I would like to welcome everyone to the TORM Plc First Quarter 2023 Results Conference Call. All lines have been placed on mute to preve ...

TORM plc (NASDAQ:TRMD) Q4 2022 Earnings Conference Call March 16, 2023 10:00 PM ET Company Participants Andreas Abildgaard-Hein - Head of Investor Relations Jacob Meldgaard - Chief Executive Officer & Executive Director Kim Balle - Chief Financial Officer Conference Call Participants Jon Chappell - Evercore Operator Good afternoon, ladies and gentlemen. Thank you for standing by. Welcome and thank you for joining TORM plc Fourth Quarter and Full Year 2022 Results Call. Throughout today's recorded presentati ...

16 MARCH 2023 FULL-YEAR 2022 RESULTS TELECONFERENCE AND WEBCAST Safe harbor statement 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 concern ...