International Seaways, Inc. · NYSE:INSW
International Seaways — Shareholder Meeting (June 2026)
14 slides from International Seaways's shareholder meeting presentation, Jun 8, 2026
Slide 1: International Seaways Inc. Annual Meeting of Stockholders
International Seaways Inc. Annual Meeting of Stockholders June 8, 2026
Slide 2: Rules of Conduct
2 Rules of Conduct This is a private business meeting of International Seaways, Inc., and only stockholders as of April 9, 2026 (the “Record Date”) or their proxies may attend and participate in the virtual Annual Meeting (in addition to members of the Company’s management and board of directors and
Slide 3: Rules of Conduct
3 Rules of Conduct 7. Questions from multiple stockholders on the same topic or that are otherwise related may be grouped and answered together. 8. Stockholder questions are welcome, but conducting the business set out in the Agenda for the benefit of all stockholders will be paramount and we do not
Slide 4: Agenda
Agenda 1. Welcome Remarks and Introduction of Directors and Management Team 2. Call to Order and Opening of Polls 3. Introduction of Items to be Presented to Stockholders A. Election of Directors B. Ratification of Appointment of Independent Registered Public Accountants C. Advisory Vote to Approve
Slide 5: Business Review
Business Review Lois K. Zabrocky President & CEO
Slide 6: Disclaimer
6 Disclaimer Forward-Looking Statements During the course of this presentation, the Company (International Seaways, Inc. (INSW)) may make forward-looking statements or provide forward-looking information. All statements other than statements of historical facts should be considered forward-looking s
Slide 7: Delivering on our Strategy
Delivering on our Strategy Capitalized on Significant Operating Leverage Continually Strengthened Balance Sheet Strong 2025 Earnings & Better 2026! Strongest Balance Sheet in our History Adjusted EBITDA (1) vs Average Tanker Rates (2) Dec 2022 Dec 2023 Dec 2024 Dec 2025 Mar 2026 475.0 Total Liquidit
Slide 8: Geopolitical Impact to Tankers
8 Geopolitical Impact to Tankers Some Mitigation to Loss of Crude Barrels via Strait of Hormuz Displacement of AG Oil Raising Western Markets…for now Millions of crude oil barrels per day (mbpd) TCE per day Bn Ton-Miles 45 153,000 830 Tonne-Miles From West (RHS) Billion Ton-Miles 40 136,000 Western
Slide 9: Fundamentally Strong Demand for Tankers
9 Fundamentally Strong Demand for Tankers REGIONAL IMBALANCES DRIVING NEED FOR SEABORNE TRANSPORTATION COMMERCIAL INVENTORIES IMPACT TRANSPORTATION DEMAND(1) Forecasted crude supply less demand by region RUSSIA Million barrels 7 M bpd 7 7 7 OECD CRUDE OIL INVENTORY 1450 EUROPE '23 '24 '25 '26 2019/2
Slide 10: Tanker Supply: Still Short of Replacement
10 Tanker Supply: Still Short of Replacement Vessels On Order Not Replacing Older Fleet As Nearly 3x Removal Candidates to Order Ratio 0-4 yrs 5-9 yrs 10+ yrs 15+ yrs On Order Tankers over 10k dwt % Fleet 396 Removal Candidates* On Order 24% 241 889 177 43% 223 VLCC 105 586 287 27% Suezmax 184 123 1
Slide 11: Investment Highlights
11 Investment Highlights Disciplined Capital Allocator • Transformed company approximately $0.4bn market cap at time of spin-off in 2016 through today into one of the top 3 US publicly traded tanker companies by DWT with $4.0bn in market cap(1) • Over $1 billion in returns to shareholders since the
Slide 12: Questions
Questions 12
Slide 13: Appendix
Nea A ppendix
Slide 14: Free Cash Flow Reconciliation and Appendix Materials
14 Free Cash Flow Reconciliation and Appendix Materials Adjusted EBITDA $000s 2017 2018 2019 2020 2021 2022 2023 2024 2025 Q1 2026 Net income / (loss) (106,088) (88,940) (830) (5,531) (134,660) 387,891 556,446 416,724 309,261 286,724 Income tax (benefit)/provision 44 (105) 1 1 1,618 88 3,878 (1,084)
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