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July 30, 2024Scorpio Tankers Inc. Second Quarter 2024 Earnings Presentation
July 30, 2024Scorpio Tankers Inc.
Second Quarter 2024 Earnings Presentation2This presentation includes “forward -looking statements” within the meaning of the safe harbor provisions of the United States Pr ivate Securities Litigation Reform Act of 1995. These forward -looking
statements reflect Scorpio Tankers Inc.’s (“Scorpio’s”) current views with respect to future events and financial performance . The words “believe,” “anticipate,” “intend,” “estimate,” “forecast,” “project,”
“plan,” “potential,” “may,” “should,” “expect” and similar expressions identify forward -looking statements. The forward -looking statements in this presentation are based upon various assumptions, many
of which are based, in turn, upon further assumptions, including without limitation, management’s examination of historical o perating trends, data contained in Scorpio’s records and other data available
from third parties. Although Scorpio believes that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which
are difficult or impossible to predict and are beyond Scorpio’s control, Scorpio cannot assure you that it will achieve or ac complish these expectations, beliefs, projections or future financial performance.
Risks and uncertainties include, but are not limited to, the failure of counterparties to fully perform their contracts with Scorpio, the strength of world economies and currencies, general market conditions,
including fluctuations in charter hire rates and vessel values, changes in demand in the tanker vessel markets, changes in Sc orpio’s operating expenses, including bunker prices, drydocking and
insurance costs, the fuel efficiency of our vessels, the market for Scorpio's vessels, availability of financing and refinanc ing, charter counterparty performance, ability to obtain financing and comply with
covenants in such financing arrangements, changes in governmental and environmental rules and regulations or actions taken by regulatory authorities including those that may limit the commercial
useful lives of tankers, potential liability from pending or future litigation, general domestic and international political conditions, potential disruption of shipping routes due to accidents or political events,
and other important factors described from time to time in the reports Scorpio files with, or furnishes to, the Securities an d Exchange Commission, or the Commission, and the New York Stock
Exchange, or NYSE. Scorpio undertakes no obligation to update or revise any forward -looking statements. These forward -looking st atements are not guarantees of Scorpio's future performance, and
actual results and future developments may vary materially from those projected in the forward -looking statements.
This presentation describes time charter equivalent revenue, or TCE revenue, adjusted net income, and adjusted EBITDA, which arenot a measures prepared in accordance with IFRS (i.e. a "Non -
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