Scorpio Tankers Inc. · NYSE:STNG
Scorpio Tankers — Investor Presentation (January 2026)
25 slides from Scorpio Tankers's investor presentation, Jan 22, 2026
Slide 1: Scorpio Tankers Inc. Company Presentation
Scorpio Tankers Inc. Company Presentation January 14, 2026
Slide 2: Disclaimer and Forward-looking Statements
Disclaimer and Forward-looking Statements This presentation includes “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect Scorpio Tankers Inc.’s (“Scorpio’s”) curr
Slide 3: Table of Contents
Table of Contents The Company Product Tankers Market Fundamentals Financials Appendix
Slide 4: The Company
The Company 4
Slide 5: Scorpio Tankers At a Glance
Scorpio Tankers At a Glance Key Facts NYSE Listed Ticker Market Cap (2) BILLION $USD • Scorpio Tankers Inc. (“Scorpio”) is the world’s largest product tanker owner, providing marine transportation of refined petroleum products (gasoline, diesel, jet fuel and naphtha) STNG $2.9 • Vessels employed in
Slide 6: Investment Highlights
Investment Highlights Company • One of the largest product tanker fleets in the world • 93 Eco (fuel-efficient) vessels on the water with an average age of 9.8 years (1) New Slide • Significant Operating Leverage • A $10,000/day increase in average daily freight rates could generate ~$340 million of
Slide 7: Largest and Most Modern Product Tanker Fleet in the World
Largest and Most Modern Product Tanker Fleet in the World Scorpio’s Fleet vs. Peers Scorpio Average Age vs Worldwide Fleet Number of vessels Fleet average age Scorpio Tankers World Active Fleet HM MR LR1 LR2 20.0 18.3 Scorpio 14 42 37 93 16.0 Peer 1 89 13.3 Peer 2 75 12.0 11.3 10.7 Peer 3 69 10.0 9.
Slide 8: Company History & Timeline
Company History & Timeline Fleet Size (1) (2) Average Number of Vessels MR Newbuild Price ($m) 160 $55.0 $52.0 140 135 132 $49.0 $49.5 123 $50.0 119 119 120 112 108 96 $47.5 93 100 90 $43.5 $45.0 78 80 73 $41.0 $40.0 60 $36.5 $36.8 $36.5 $35.5 $35.5 $35.8 40 $35.0 $34.8 32 $34.0 $33.8 $34.0 $35.0 16
Slide 9: Market Fundamentals
Market Fundamentals 9
Slide 10: Product Tanker Earnings Remain at Historically High Levels
Product Tanker Earnings Remain at Historically High Levels Product Tanker Earnings $USD per day Average Weighted Clean Product Tanker Earnings 70,000 2022: Russia 60,000 2002-2008: 2020: invades China joins WTO, commodity COVID-19 floating Ukraine super cycle, elevated rates and storage and Saudi- 5
Slide 11: Rising Demand Drives Increase in Seaborne Product Exports
Rising Demand Drives Increase in Seaborne Product Exports Global Refined Product Demand (1) Seaborne Refined Product Exports (2) Million barrels per day, Base 2025 Diesel Gasoline Jet Naphtha Million barrels per day Previous 5Y Range 2025 CPP Exports Previous 5Y AVG 80.0 23.0 73.3 74.2 71.8 72.6 70.
Slide 12: Refinery Closures Drives Ton-Mile Demand
Refinery Closures Drives Ton-Mile Demand Net Refining Additions from 2020-2026 (1) USWC Refinery Closures To Generate Import Demand (1)(2) Million barrels per day Thousand barrels per day PADD 5 Imports Phillips 66 LA Refinery Valero Benicia Refinery Potential Imports 5.0 600 0.1 0.2 553 4.5 0.7 4.0
Slide 13: Geopolitics Driving Ongoing Shifts in Global Product Flows
Geopolitics Driving Ongoing Shifts in Global Product Flows Refined Product Volumes Via Cape of Good Hope & Bab-el-Mandeb (1) Russian Clean Petroleum Product Exports by Destination (1) Million barrels per day Via Bab-el-Mandeb Via COGH Million barrels per day Med NE Asia EC South America WAF SE Asia
Slide 14: Potential Aframax/LR2 Demand Growth from Renewed Venezuelan Exports to U.S.
Potential Aframax/LR2 Demand Growth from Renewed Venezuelan Exports to U.S. Venezuela Crude to Rest of World by Ship Type (1) Venezuela Crude to U.S. by Ship Type (1) Million barrels per day Thousand barrels per day Aframax / LR2 VLCC+ Panamax / LR1 Suezmax / LR3 Aframax / LR2 Panamax / LR1 Suezmax
Slide 15: Limited Fleet Growth with Modest Orderbook and Aging Fleet
Limited Fleet Growth with Modest Orderbook and Aging Fleet Product Tanker Orderbook as % of the Fleet (1) Product Tanker Vessels Above 20 Years Old (1) % of fleet Number of vessels 2020 2021 2022 2023 2024 2025 2026e 2027e 2028e 70% 35.0% 60% 30.5% 30.0% 50% 24.7% 25.0% 40% 20.8% 20.0% 17.9% 30% 19%
Slide 16: Fleet Growth Likely Overstated Due to Ageing & Sanctioned Vessels
Fleet Growth Likely Overstated Due to Ageing & Sanctioned Vessels Sanctioned Tankers as a Share of the Global Fleet (1) Vessels Aged 20 Years and Older Exceed Newbuilds on Order (2) Sanctioned fleet as % of active fleet Number of vessels On Order 20+ year end 2026 20+ year end 2027 20+ year end 2028
Slide 17: Product Tanker Fleet Growth & Ton Mile Demand
Product Tanker Fleet Growth & Ton Mile Demand Product Tanker Fleet Growth (1) Ton Mile Demand Since 2019 (2) Fleet growth Scenario 1 Scenario 2 Scenario 3 Index = 100, Base January 2019 Ton Mile Demand (Excl. Russia) Ton Mile Demand (Incl. Russia) 130 5.2% 125 4.3% 3.9% 120 3.2% 115 2.0% 1.3% 110 1.
Slide 18: Financials
Financials 18
Slide 19: Financial Highlights
Financial Highlights Q3-25 Financial Highlights (1) Sustainable & Increasing Dividend $USD millions $USD per share $250 $232.9 $0.45 $0.42 $0.40 $200 $0.35 $0.30 $148.1 $150 $135.5 $0.25 $0.20 $100 $84.5 $72.7 $0.15 Maintained dividend through COVID-19 $0.10 $50 $27.8 $20.4 $0.05 $0 $0.00 TCE Revenu
Slide 20: Strong Liquidity Position and Modest Newbuilding Commitments
Strong Liquidity Position and Modest Newbuilding Commitments Cash & Liquidity Newbuilding Commitments $USD millions 2023 $225.0 Million Revolving Credit Facility $USD millions Paid Remaining Feb 2025 Revolving Credit Facility $1 Billion Credit Facility – Revolver Availability $250.0 Cash & Cash Equi
Slide 21: Optimizing Balance Sheet through Lower Leverage & Cost of Debt
Optimizing Balance Sheet through Lower Leverage & Cost of Debt Net Debt Outstanding Indebtedness by Type $USD millions $USD millions Lease Financing Bank Facilities Unsecured Notes Convertible Bonds Gross Debt Outstanding Cash & Cash Equivalents $3,500 $2,933 $3,164 $3,000 $70 $1,581 $2,500 $574 $1,
Slide 22: Significant Operating Leverage & Earnings Potential
Significant Operating Leverage & Earnings Potential Company Fleet TCE Rates Potential Annual Cash Flow Generation After Scheduled Debt Amortization (1) $USD per day $USD millions Company Achieved TCE Rate Cash Breakeven $40,000 $1,628 $32,000 $1,295 $24,000 $31.4/Share $963 $25.0/Share $16,000 $631
Slide 23: Appendix
Appendix 23
Slide 24: Chartered Out Vessels
Chartered Out Vessels Vessel Vessel Class Term Average Rate ($/day) Commencement date STI Battersea HM Two Years $24,000 April-25 STI Jardins MR Three Years $29,550 October-24 STI Memphis MR 75-120 days $21,500 August-25 STI Bosphorus (1) MR Twelve Years $21,000 August-25 STI Magnetic MR 75-120 days
Slide 25: www.scorpiotankers.com
www.scorpiotankers.com
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