DHT Holdings, Inc. Reports Third Quarter Results

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| Source: DHT Holdings, Inc.

HAMILTON, Bermuda, Oct. 30, 2013 (GLOBE NEWSWIRE) --

DHT Holdings, Inc. (NYSE:DHT) ("DHT" or the "Company") today announced:

Financial and operational highlights:

USD mill. (except per share)

                   |  Q3 2013|  Q2 2013|  Q1 2013|  Q4 2012|     2012|     2011|
-------------------+---------+---------+---------+---------+---------+---------+
Net Revenue        |     11.2|     10.3|     12.4|     16.9|     86.4|    100.1|
                   |         |         |         |         |         |         |
EBITDA*            |      3.2|      0.9|      4.2|      9.8|     43.1|     52.7|
                   |         |         |         |         |         |         |
Adjusted Net       |    (4.1)|    (7.7)|    (3.1)|      0.6|      6.0|     14.8|
Income**           |         |         |         |         |         |         |
                   |         |         |         |         |         |         |
Adjusted EPS**     |   (0.26)|   (0.50)|   (0.20)|     0.04|     0.39|     2.83|
-------------------+---------+---------+---------+---------+---------+---------+
Interest bearing   |    156.4|    156.4|    203.7|    212.7|    212.7|    280.6|
debt               |         |         |         |         |         |         |
                   |         |         |         |         |         |         |
Cash               |     50.0|     43.1|     75.5|     71.3|     71.3|     42.6|
                   |         |         |         |         |         |         |
Dividend***        |     0.02|     0.02|     0.02|     0.02|     0.52|     3.12|
-------------------+---------+---------+---------+---------+---------+---------+
Fleet (dwt)        |1,776,349|1,776,349|2,086,315|2,086,315|2,086,315|2,574,304|
                   |         |         |         |         |         |         |
Spot days****      |    47.2%|    59.0%|    61.6%|    46.3%|      31%|      13%|
                   |         |         |         |         |         |         |
Unscheduled off    |        0|    0.25%|    1.32%|    0.06%|    0.19%|    0.27%|
hire****           |         |         |         |         |         |         |
                   |         |         |         |         |         |         |
Scheduled off      |     2.4%|     2.2%|        0|        0|    0.88%|    1.90%|
hire****           |         |         |         |         |         |         |
-------------------+---------+---------+---------+---------+---------+---------+

*adjusted  for impairment  charges of  $56 million  in 2011, $8.0  million in Q4
2012 and $100.5 million in 2012.

**  adjusted for loss on sale of  vessels in 2012, Q1 2013 and Q2 2013, non-cash
impairment charge in 2011, Q4 2012 and 2012 and non-cash swap related items. EPS
is  calculated  assuming  all  preferred  shares  issued on May 3, 2012 had been
exchanged  for common stock and applying  the 12:1 reverse stock split which was
effective as of close of business on July 16, 2012 retrospectively.

***  per common share.  Historical dividend per  share adjusted for 12:1 reverse
split.

**** as % of total operating days in period.

Highlights of the quarter:

  * EBITDA  for the quarter of $3.2 million and net loss for the quarter of $4.1
    million ($0.26 per share).
  * As  of September 30, 2013 the cash balance was $50.0 million, equal to $3.22
    per share; an increase of $6.9 million from June 30, 2013.
  * The  Company will pay a  dividend of $0.02 per  common share for the quarter
    payable  on  November  21, 2013 for  shareholders  of  record as of November
    13, 2013. When  determining the  dividend our  Board has  taken into account
    general business conditions and the continued weak tanker market.
  * During the quarter we concluded period business for the following vessels:
    DHT Target, DHT Trader, DHT Sophie and DHT Chris (extension). As of
    September 30, 2013, six of our eight vessels are on time charters of 6 to
    12 months of which five of the charters are at fixed rates above cash break
    even (operating expenses, debt service and G&A) and one at a variable rate
    related to market development.

  * As   of   September  30, 2013 DHT  had  15,640,975 shares  of  common  stock
    outstanding.  The  359,427 shares  of  preferred  stock  outstanding on June
    30, 2013 were mandatorily exchanged into common shares on July 1, 2013.


The full report can be found on the link below.

EARNINGS CONFERENCE CALL INFORMATION

DHT will host a conference call at 8:00 a.m. EDT on Thursday October 31, 2013,
to discuss the results for the quarter.  All shareholders and other interested
parties are invited to join the conference call, which may be accessed by
calling 1 212 444 0896 within the United States, 23162771 within Norway and
+44 20 3427 1908 for international callers. The passcode is "DHT".  A live
webcast of the conference call will be available in the Investor Relations
section on DHT's website at http://www.dhtankers.com.

An  audio  replay  of  the  conference  call  will be available through November
6, 2013.  To  access the  replay, dial  1 347 366 9565 within the United States,
21000498 within  Norway or +44 20 3427 0598 for  international callers and enter
6526702# as the pass code.

About DHT Holdings, Inc.

DHT is an independent crude oil tanker company. Our fleet trades internationally
and  consists of crude oil tankers in the VLCC, Aframax and Suezmax segments. We
operate  out of Oslo,  Norway, through our  wholly owned management company. You
shall  recognize us  by our  business approach  with an experienced organization
with focus on first rate operations and customer service, quality ships built at
quality  shipyards, prudent capital structure with robust cash break even levels
to  accommodate  staying  power  through  the  business cycles, a combination of
market  exposure and fixed income contracts for  our fleet and a clean corporate
structure  maintaining  a  high  level  of  integrity  and good governance.  For
further information: www.dhtankers.com.

Forward Looking Statements

This  press release contains  assumptions, expectations, projections, intentions
and  beliefs about future  events, in particular  regarding daily charter rates,
vessel  utilization, the future number of newbuilding deliveries, oil prices and
seasonal  fluctuations in vessel supply and  demand. When used in this document,
words   such   as  "believe,"  "intend,"  "anticipate,"  "estimate,"  "project,"
"forecast,"  "plan,"  "potential,"  "will,"  "may,"  "should"  and  "expect" and
similar  expressions are intended to identify forward-looking statements but are
not  the  exclusive  means  of  identifying  such  statements.  These statements
reflect  the Company's current views with respect to future events and are based
on   assumptions   and   subject   to  risks  and  uncertainties.   Given  these
uncertainties,  you  should  not  place  undue reliance on these forward-looking
statements.   These forward-looking statements represent the Company's estimates
and  assumptions only as of the date of  this press release and are not intended
to  give any assurance as  to future results.  For  a detailed discussion of the
risk  factors that  might cause  future results  to differ,  please refer to the
Company's  Annual Report  on Form  20-F, filed  with the Securities and Exchange
Commission on April 29, 2013.

The  Company undertakes no obligation to  publicly update or revise any forward-
looking  statements contained in this press release,  whether as a result of new
information, future events or otherwise, except as required by law.  In light of
these risks, uncertainties and assumptions, the forward-looking events discussed
in  this press release might  not occur, and the  Company's actual results could
differ materially from those anticipated in these forward-looking statements.

CONTACT:

Eirik Ubøe, CFO

Phone: +1 441 299 4912 and +47 412 92 712

E-mail: eu@dhtankers.com


Q3 2013 financial report: http://hugin.info/150897/R/1739382/583745.pdf

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