Slide 1: Fourth Quarter and Fiscal 2021 Earnings Presentation
Teekay Corporation Fourth Quarter and Fiscal 2021 Earnings Presentation February 24, 2022
Slide 2: Forward Looking Statements
Forward Looking Statements This presentation contains forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. All statements included in this presentation, other than stateme
Slide 3: Q4 and Fiscal 2021 Highlights
Teekay Group Total Adjusted EBITDA(1) Q4 and Fiscal 2021 Quarterly Cash Flows and Earnings 1200 Highlights 1000 $ Millions • Total Adjusted EBITDA(1) of $182M in Q4-21, compared to 800 $165M in Q3-21 600 1,086 400 Fiscal 2021 results lower due • Consolidated Adjusted Net Income(1) of $8M, or $0.08 p
Slide 4: Positioning Teekay for the Future
• In September 2021, entered into a strategic long-term contract to provide marine Positioning Teekay for Marine Services services to the Australian Government Department of Defense the Future Business • Providing services for 9 Australian Government vessels, with potential for further growth Achiev
Slide 5: Teekay's Asset Portfolio
Teekay’s Asset Portfolio Teekay Corporation (Portfolio Manager) Recently made an additional $10M investment in Teekay Tankers common shares at an average price of $11.03 per share, increasing our economic ownership from Marine Services for Teekay Tankers 28.6% to 31.3%. 31.3% Economic Interest Austr
Slide 6: Appendix
Appendix 6
Slide 7: Consolidated Adjusted Net Income Reconciliation
(1) (1) Consolidated Adjusted Net Income Reconciliation(1) (Thousands of U.S. Dollars except Q4-2021 Q3-2021 per share am ounts) (unaudited) (unaudited) Variance Com m ents Q4-21 vs. Q3-21 Revenues 196,042 147,963 48,079 Voyage expenses (95,967) (78,335) (17,632) Teekay Parent - $4m increase primari
Slide 8: Q1-2022 Outlook – Teekay Consolidated Adjusted Net Income Outlook
Q1-2022 Outlook – Teekay Consolidated Q4-21 in Q1-22 Adjusted Net Income Outlook millions (1) Income Statement Item adjusted basis (expected changes from Q4-21) Teekay Tankers • Decrease of approximately 225 net revenue days, comprised of a reduction of 295 spot days and an increase of 70 fixed days
Slide 9: Consolidated Adjusted Statement of Net Income Reconciliation
Consolidated Adjusted Statement of Net Income Reconciliation Three Months Ended Three Months Ended Q4-21 vs. Q3-21 December 31, 2021 September 30, 2021 Reclass for Reclass for (in thousands of US dollars, except per share amounts) Realized Gains/ Realized Gains/ Appendix A Losses on Recast Appendix
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