Scorpio Tankers Investor Presentation — August 2020

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August 6, 2020Scorpio Tankers Inc.

Q2-2020 Earnings Conference Call2Quarterly Highlights

Company’s Best Quarterly

Financial Results•Fleet average daily TCE(1)of $29,693/day

•Net income of $143.9 million

•Adjusted EBITDA(1)of $252.0 million

~$230 million Reduction in

Net Debt•The Company's strong second quarter results, coupled with the repayment of debt, have resulted in the Company's net debt

position decreasing by $228.8 million from $3.1 billion at March 31, 2020 to $2.9 billion at August 5, 2020.

Repurchase of Convertible

Notes & Repayment of

Unsecured Notes•In July 2020, the Company repurchased $13.8 million face value of its Convertible Notes due 2022 at an average price

of$882.23 per$1,000 principal amount, or $12.2 million.

•In May 2020, the Company repaid $53.8 million of the Unsecured Notes Due May 2020, and subsequently issued $28.1

million of Unsecured Notes Due June 2025, resulting in a reduction of outstanding unsecured notes of $25.7 million.

Vessel & Scrubber Finance

Update•The Company is in discussions refinance the existing debt on eight of its vessels which, if consummated, is expected to

increase the Company’s liquidity by an additional $80 million, after the repayment of existing debt.

•Based upon the commitments received to date to, the Company expects to raise approximately $56 million of aggregate

additional liquidity to finance the purchase and installation of scrubbers on certain vessels.

Liquidity •As of August 5, 2020, the Company had total liquidity of approximately $285.7 million

(1) See Scorpio Tankers’ August 6, 2020 Earnings Press Release for definition3YoY Q3 Guidance Comparison