Scorpio Tankers Inc. · NYSE:STNG

Scorpio Tankers — Q2 2020 Earnings Presentation

8 slides from Scorpio Tankers's earnings presentation, Aug 6, 2020

  1. Slide 1: Q2-2020 Earnings Conference Call

    Scorpio Tankers Inc. Q2-2020 Earnings Conference Call August 6, 2020

  2. Slide 2: Quarterly Highlights

    Quarterly Highlights • Fleet average daily TCE(1) of $29,693/day Company’s Best Quarterly • Net income of $143.9 million Financial Results • Adjusted EBITDA(1) of $252.0 million ~$230 million Reduction in • The Company's strong second quarter results, coupled with the repayment of debt, have resulte

  3. Slide 3: YoY Q3 Guidance Comparison

    YoY Q3 Guidance Comparison % of Q3 Days Booked as of Earnings Release Date LR2 LR1 MR HM Q3-19 50% 40% 40% 35% Q3-20 49% 53% 45% 52% Fleet TCE By Segment ($/day) Q3-19 Q3-20 $22,500 $22,000 $15,000 $15,300 $14,200 $14,300 $12,000 $10,200 LR2 LR1 MR HM Source: Company’s earnings release 3

  4. Slide 4: Summary of Last 12 Months

    Summary of Last 12 Months Between June 30, 2019 and June 30, 2020 • $159 million in reported net income • $590 million in adjusted EBITDA • $342 million reduction in outstanding debt, excluding the assumption of lease debt for the vessels acquired in the Trafigura transaction • Refinanced debt sched

  5. Slide 5: Short & Long-Term Fundamentals

    Short & Long-Term Fundamentals Short Term Fundamentals • Oversupply of refined products as a result of COVID-19 and subsequent increase in floating storage pushed product tanker rates to record levels • A strong recovery in global demand for refined products coupled with lower refinery utilization r

  6. Slide 6: Orderbook as % of Fleet Remains Near Historical Low

    Orderbook as % of Fleet Remains Near Historical Low • Limited newbuilding orders coupled with a low orderbook has kept orderbook as % of fleet near historical low Orderbook as % of Fleet Orderbook as % of Fleet MR LR1 LR2 25.0% 450 433 Product Tanker 10K+ Orderbook % Fleet 400 78 5 Yr Avg 10 Yr Avg

  7. Slide 7: Significant % of the Fleet Turning 15 Years & Older

    Significant % of the Fleet Turning 15 Years & Older • Including the newbuilding orderbook, a significant % the product tanker fleet will turn 15 years and older during the next three years Fleet Age Profile Today vs 2023 (Including Newbuilding Orders) % of fleet >15 years old (Today) % of fleet >15

  8. Slide 8: www.scorpiotankers.com

    www.scorpiotankers.com

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