Scorpio Tankers Inc. · NYSE:STNG
Scorpio Tankers — Investor Presentation (December 2022)
17 slides from Scorpio Tankers's investor presentation, Dec 14, 2022
Slide 1: Commercial & Market Update Presentation
Scorpio Tankers Inc. Commercial & Market Update Presentation December 14, 2022
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: Commercial & Market Update
Commercial & Market Update 1.Recent Announcements 2.Product Tanker Market 3.Conclusion 4.Q&A 3
Slide 4: Recent Announcements
Recent Announcements 4
Slide 5: Fourth Quarter of 2022 Daily TCE Revenues
Fourth Quarter of 2022 Daily TCE Revenues Pool & Spot Market Time Charters Out of the Pool Avg Daily TCE Avg Daily TCE Expected Revenue Revenue of Spot Avg Daily TCE Expected % of Days % of Days Revenue (1) Days (2) Fixtures Entered into Revenue (1) Revenue Days (2) from December 1, 2022 LR2 $58,000
Slide 6: Recent Developments & Year to Date Highlights
Recent Developments & Year to Date Highlights Purchase Options on Sale Leased Back Vessels Significant Debt Repayment # Vessel Name Type Built Financing Debt Repayment Completed/Expected* • The Company expects to reduce its indebtedness by approximately $1.3 billion in 2022 1 STI Opera MR 2014 Lease
Slide 7: Company to Reduce Indebtedness by Approximately $1.3 Billion in 2022
Company to Reduce Indebtedness by Approximately $1.3 Billion in 2022 2022 Debt Reduction ($USD millions) $3,500 $3,164 $3,000 $685 $2,479 $2,500 $60 $219 $18 $205 $2,000 $99 $1,879 $1,500 $1,000 Outstanding Debt Dec 31, Debt Repayment from Dec Outstanding Sep 30, 2022 Scheduled Principal Lease Finan
Slide 8: Significant Operating Leverage & Earnings Potential
Significant Operating Leverage & Earnings Potential Company Fleet TCE Rate Potential Annual Cash Flow Generation Excluding Debt Repayment (1) ($/day) ($USD millions) $1,985 $45,774 $39.0/share $44,152 $1,573 $36,006 $25.6/share $1,160 $29,693 $18.9/share $22,644 $748 $15,415 $12.2/share $15,100 $12,
Slide 9: Product Tanker Market
Product Tanker Market 9
Slide 10: Short Term Market Update
Short Term Market Update Weekly MR & LR2 Spot Earnings Since December 2021 ($/day) LR2 Eco-Middle East to Japan MR Eco-Avg Earnings $80,000 $70,000 $60,000 $50,000 $40,000 $30,000 $20,000 $10,000 $0 Clarksons Research Intelligence, December 2022 10
Slide 11: Global Refined Product Inventories Near Record Lows
Global Refined Product Inventories Near Record Lows US Crude Oil (Incl SPR) & Product (Diesel, Jet & Gasoline) Inventories (1) US Distillate Inventories(1) (million barrels) 1,800 200 180 1,600 160 1,400 140 120 1,200 100 1,000 Dec-92 Dec-95 Dec-98 Dec-01 Dec-04 Dec-07 Dec-10 Dec-13 Dec-16 Dec-19 De
Slide 12: Seaborne Exports of Refined Products at Record Levels
Seaborne Exports of Refined Products at Record Levels Seaborne Refined Product Exports Australian Imports of Refined Products (mb/d) (mb/d) CPP Product Imports (kb/d) Domestic Refining Capacity (kb/d) CPP (Diesel, Gasoline, Naphtha & Jet) Fuel Oil 30.0 1,200 25.3 1,009 1,006 1,032 24.4 24.5 24.2 24.
Slide 13: Potential Impacts from Russia's Invasion of Ukraine
Potential Impacts from Russia’s Invasion of Ukraine Weekly Russian Crude Oil Exports Decline After Embargo (1) European Imports of Russian CPP (excl Fuel Oil) Have Increased (1) (mb/d) (mb/d) Europe Asia Americas Africa Other 5.0 1.9 1.8 1.8 1.7 0.1 0.2 0.1 1.5 0.1 0.2 1.5 1.5 0.1 0.1 4.0 0.1 1.5 1.
Slide 14: Demand, Seaborne Exports & Ton Miles are Expected to Increase
Demand, Seaborne Exports & Ton Miles are Expected to Increase Refined Product Demand Expected to Increase through 2023 (1) Global Diesel Supply / Demand Balance (1) (mb/d) (mb/d) Diesel Gasoline Jet Naphtha Fuel Oil 90.0 76.9 76.5 76.7 75.8 76.3 77.7 78.0 74.0 74.9 75.0 6.8 69.8 7.2 7.0 7.0 7.0 7.2
Slide 15: Seaborne Exports & Ton Miles > Fleet Growth
Seaborne Exports & Ton Miles > Fleet Growth Orderbook as a % of Fleet at Record Lows Newbuilding Product Tanker Orders (# of Vessels) MR LR1 LR2 70.0% 500 60.0% 433 50.0% 400 40.0% 300 255 30.0% 186 180 179 188 200 20.0% 153 106 113 111 106 116 95 81 77 69 77 10.0% 4.8% 100 57 64 62 49 28 22 15 0.0%
Slide 16: Q&A
Q&A 16
Slide 17: www.scorpiotankers.com
www.scorpiotankers.com
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