Slide 1: SFL Corporation Ltd. Q2 2025 Results Presentation
SFL Corporation Ltd. Q2 2025 Results Presentation 1
Slide 2: Forward Looking Statements
Forward Looking Statements This presentation contains forward looking statements. These statements are based upon various assumptions, many of which are based, in turn, upon further assumptions, including SFL management's examination of historical operating trends, data contained in the Company’s re
Slide 3: Recent Events & Highlights
Recent Events & Highlights Q2’25 key highlights 86th consecutive quarterly dividend of $0.20 per share $194m1 $112m2 Gross revenue Adjusted EBITDA Executing on fleet renewal by disposal of older non-strategic assets, freeing up significant investment capacity $1m $0.01 Five-year extension of three c
Slide 4: A Leading Maritime Infrastructure Company
A Leading Maritime Infrastructure Company Portfolio1 Contract duration2 Contracted revenue3 30 Container 7.3 years 7% 11% Container 7 Car carrier 8.0 years Tanker 11% $4.2bn Car carrier Energy 18 Tanker 3.6 years 71% 2 Energy 3.5 years 3 Dry bulk < 1 year Investment grade (IG) 66% 34% Not rated or n
Slide 5: Strong Portfolio of Industry Leading Clients
Strong Portfolio of Industry Leading Clients • World’s fifth largest container shipping line • Leading liner operator 10% • Publicly listed with a market cap of ~$25bn 4% • Publicly listed with a market cap of ~$10bn • Rated Ba1 / BB+ Customers with new / add-on business since 2021 • World’s second
Slide 6: Operational Performance Highlights
Operational Performance Highlights Market Charter type1 Operating days2 Utilization3 Revenue OPEX Q2 2025 Q2 2025 Q2 2025 Q2 2025 Q2 2025 BB $82m $24m TC 2,899 98.0% Container 91% $26m $6m 630 98.9% Car carrier 100% $41m $22m 1,489 96.3% Tanker 100% $19m $11m 1,274 99.9% Dry bulk 100% $26m $19m 91 5
Slide 7: SFL Financial Performance
SFL Financial Performance Adjusted EBITDA Q2 2025 Breakdown1 $26m $19m -$83m $41m $26m $194m $112m $82m Container Car carriers Tanker Dry bulk Energy Gross charter hire Net operating and Adj. EBITDA (incl. profit share) G&A expenses Notes: (1) Not as accounted under US GAAP and including cash flow i
Slide 8: Income Statement
Income Statement Operating Revenue (in thousands of $ except per share data) Three months ended Jun 30, 2025 Mar 31, 2025 • $193m of charter hire, including share of revenue from associates and revenue classified as repayment, including Charter revenues: sales-type leases (excluding charter hire tre
Slide 9: Balance Sheet
Balance Sheet Cash and Liquidity (in thousands of $) Jun 30, 2025 Mar 31, 2025 • $156m cash and cash equivalents at quarter end ASSETS • Approximately $49m of undrawn credit lines Short term • 15 unencumbered assets of $192m at quarter end, with 13 Cash and cash equivalents 155,820 173,945 agreed to
Slide 10: SFL Corporation – Summary
SFL Corporation – Summary $4.2bn Fixed revenue backlog 60 $156m Cash and cash Maritime assets equivalents $0.20 Dividend per share 10