# Odfjell SE Capital Markets Day 2026

- Press release: Odfjell SE: Capital Markets Day presentation (2026-05-26)
- Original: https://storage.mfn.se/6d769420-5643-4c72-9810-d57ce0bfb30a/odfjell-se-capital-markets-day-2026.pdf
- Local copy: discarded after extraction (re-fetchable from Original)

**TL;DR —** Odfjell SE has strengthened its financial position through strategic debt reduction and fleet modernization, and despite geopolitical uncertainties, the company is poised for continued growth in chemical tankers and terminals, supported by a robust contract portfolio and sustainability initiatives.

## Takeaways
- Odfjell SE reduced total debt by ~$470M since 2020, while paying out ~$390M in dividends.
- The company's equity ratio increased to 49% in 2025, with a Loan-to-Value (LTV) of 44%.
- Odfjell's fleet will grow by 34% by 2030, with 22 vessels on order, including 17 long-term time charters and 5 owned newbuilds.
- Chemical Tankers EBITDA (adjusted) grew from $128M in 2019 to $309M in 2025.
- Odfjell Terminals' adjusted EBITDA reached $44.1M in 2025, with 1.3M cbm storage capacity and 0.4M cbm expansion potential.
- The company's average TCE/day for LTM (2Q25-1Q26) was $28,423, significantly above the cash break-even of $22,650/day.

*Generated 2026-09-16 via google/gemini-2.5-flash*