2020 Bulkers Ltd (OSTO:2020)
kr 133.8 3 (2.29%) Market Cap: 3.08 Bil Enterprise Value: 4.09 Bil PE Ratio: 3.46 PB Ratio: 1.88 GF Score: 45/100
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Q3 2024 2020 Bulkers Ltd Earnings Call Transcript

Nov 13, 2024 / 02:00 PM GMT
Release Date Price: kr141.8 (+1.79%)

Key Points

Positve
  • 2020 Bulkers Ltd (TTBKF) reported a net profit of $11.6 million for Q3 2024, indicating strong financial performance.
  • The company achieved time charter equivalent earnings of approximately $36,600 per day, significantly higher than the Baltic five TC index average of $24,900.
  • Declared total dividends of 57¢ per share for Q3 2024, representing an annualized yield of approximately 16%, showcasing strong shareholder returns.
  • The company's cash break-even rate is around $11,700 per day, providing a solid foundation for continued dividend distribution.
  • Positive market outlook for 2025 with expected growth in iron ore and bauxite trades, which are anticipated to drive further earnings.
Negative
  • Gross vessel operating expenses were $3.9 million, with an average operating expense per ship per day of approximately $7,000, which could impact profitability.
  • Net financial expenses were $0.7 million, including interest expenses of $1.1 million, which could affect net income.
  • The coal ton mile impact has been negative for the cape size segment, affecting overall market sentiment.
  • Panama sentiment is struggling, impacting cape size volumes and causing cargo splits.
  • Potential risks associated with forward-looking assumptions and market volatility, which could affect future performance.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

20202.OL - 2020 Bulkers Ltd
Q3 2024 2020 Bulkers Ltd Earnings Call
Nov 13, 2024 / 02:00PM GMT

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Presentation
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Unidentified_1 [1]
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At this time, I would like to welcome everyone to this 2020 volker earnings call for Q Freee 2024.

Today's call is being recorded. If you have any objections, please disconnect at this time. All participants will be on a listen-only mode throughout the present session and afterwards, there'll be a question and answer session.

I turn the call over to the Chairman Magnusen. You may now begin.

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Unidentified_2 [2]
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Thank you operator and welcome to the Q3 2024 conference call for 2020 Bulkers. I'm joined here today by our Chief Financial Officer
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