SFL Corporation Ltd. (NYSE:SFL) Q2 2024 Earnings Conference Call August 14, 2024 10:00 AM ET Company Participants Sander Borgli – Vice President-Investor Relations Ole Hjertaker – Chief Executive Officer Trym Sjølie – Chief Operating Officer Aksel Olesen – Chief Financial Officer Conference Call Participants Sherif Elmaghrabi – BTIG Sander Borgli Welcome to SFL's Second Quarter 2024 Conference Call. My name is Sander Borgli. I'm Vice President for Investor Relations in SFL. Our CEO, Ole Hjertaker, will sta ...

Please find enclosed the presentation of the preliminary second quarter results to be held August 14, 2024, in the link below. Attachment ...

Preliminary Q2 2024 results and quarterly cash dividend to $0.27 per share Hamilton, Bermuda, August 14, 2024, SFL Corporation Ltd. ("SFL" or the "Company") today announced its preliminary financial results for the quarter ended June 30, 2024. Highlights 82nd consecutive quarterly dividend declared, $0.27 per share Net profit of $20.6 million, or $0.16 per share in the second quarter Received charter hire1 of $198.8 million in the quarter, including $4.4 million of profit share Adjusted EBITDA2 of $123.3 mi ...

SFL Corporation Ltd. ("SFL" or the "Company") (NYSE: SFL) plans to release its preliminary financial results for the second quarter of 2024 on Wednesday, August 14, 2024. SFL plans to host a conference call and webcast for all stakeholders and interested parties on Wednesday, August 14, 2024, at 10:00 AM (EST) / 4:00 PM (CET). Relevant material will on the same day be available from the Investor Relations section of the Company's website at www.sflcorp.com. In order to listen to the conference call and pres ...

The net proceeds of the Offering are expected to be used for general corporate purposes, including but not limited to vessel acquisitions. The Company has granted the underwriters a 30-day option to purchase up to an additional 1,200,000 Common Shares. The Offering is being made only by means of a prospectus supplement and accompanying base prospectus. A registration statement relating to these securities was filed with the U.S. Securities and Exchange Commission (the "SEC") and is effective. A final prospe ...

SFL Corporation Ltd. (NYSE: SFL) ("SFL" or the "Company") today announced that it intends to offer, issue and sell to the public 8,000,000 of the Company's common shares, par value $0.01 per share ("Common Shares"), through an underwritten public offering (the "Offering"). The net proceeds of the Offering are expected to be used for general corporate purposes, including but not limited to vessel acquisitions. Morgan Stanley is acting as sole bookrunning manager for the Offering and BTIG, LLC is acting as le ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13A-16 OR 15D-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of May 2024 Commission File Number: 001-32199 SFL Corporation Ltd. (Translation of registrant's name into English) Par-la-Ville Place 14 Par-la-Ville Road Hamilton, HM 08, Bermuda (Address of principal executive office) Indicate by check mark whether the registrant files or will file annual reports under co ...

SFL Corporation Ltd. (NYSE:SFL) Q1 2024 Earnings Conference Call May 14, 2024 10:00 AM ET Corporate Participants Sander Borgli – Vice President, Investor Relations Ole Hjertaker - Chief Executive Officer Trym Sjølie - Chief Operating Officer Aksel Olesen - Chief Financial Officer Conference Call Participants Gregory Lewis - BTIG Sander Borgli Welcome to SFL's First Quarter 2024 Conference Call. My name is Sander Borgli, I'm Vice President for Investor Relations in SFL. Our CEO, Ole Hjertaker will start the ...

Financial Obligations and Shareholder Returns - The company redeemed the full outstanding amount of $84.9 million under the 4.875% senior unsecured convertible bonds due 2023, settling the remaining principal in cash [610]. - During the year ended December 31, 2023, the company repurchased a total of 1,095,095 shares at an average price of approximately $9.27 per share, totaling $10.2 million, with $89.8 million remaining under the authorized Share Repurchase Program [614]. - The company paid four dividends totaling $0.97 per common share, amounting to $123.0 million during 2023 [619]. - As of December 31, 2023, the company had total contractual cash obligations of $3,268.1 million, with $1,088.7 million due within one year [621]. Market Trends and Performance - The tanker market saw average earnings of approximately $40,000 per day in December 2023, with a forecasted crude tanker demand increase of approximately 5.9% for 2023 [628]. - The dry bulk fleet increased by 3.0% in total deadweight tonnage (dwt) during 2023, while demand increased by 4.4% in tonne miles [630]. - The containership charter market experienced a correction in 2023 but is now strengthening due to rerouting of vessels, resulting in elevated freight and chartering rates [632]. - Global seaborne container trade is estimated to have increased by 7% year over year during Q4 2023, with full year volumes only marginally up by approximately 0.3% or 1.6% in TEU-miles [633]. - The total container vessel fleet is projected to be 20% larger by the end of 2025 compared to the start of 2023, driven by continued fleet capacity growth [633]. Offshore Drilling Market Insights - The offshore drilling rig utilization improved from 83% in 2020 to 93% in 2023 due to increased global demand for oil and gas and a lower supply of offshore drilling rigs [635]. - Increased capital expenditures by oil and gas companies have led to more exploration and development activity, positively impacting the demand for offshore drilling rigs [635]. - The market outlook for offshore drilling rigs has improved as older rigs have been retired and demolished, contributing to better utilization rates [635]. - The offshore drilling market has faced challenges due to fluctuating oil prices, with Brent crude prices ranging from $20 in 2020 to above $100 per barrel in 2022 [634]. - Financial difficulties have been experienced by some drilling rig owners and operators due to lower oil prices since 2014, leading to breaches of bank covenants and financial restructurings [634]. Shipping Index and Volatility - At the end of January 2024, the Shanghai Containerized Freight Index (SCFI) increased to approximately 2,200 points, reflecting a recovery from the low of 1,030 points in January 2023, which was down 80% from the peak of 5,110 points in January 2022 [633]. - The SCFI index at the end of 2021 was over 5,000 points, indicating significant volatility in the container shipping market over the past few years [633]. - Market sources anticipate continued pressure for container shipping in the coming years, influenced by developments in the Red Sea [633]. Share Options and Capital - The company awarded a total of 440,000 options to officers, employees, and directors in February 2023, with an initial strike price of $10.34 per share [616]. - The additional paid-in capital arising from share options granted was $1.6 million in 2023 [615].

STATE OF THE ART EFFICIENY PROGRAM ON SIX VESSELS Supreme anti fouling paint New bulbous bow New propeller Exhaust gas cleaning systems Variable frequency drive for pumps and fans Capacity increase from 13,800 to 15,400 TEU by modifying lashing bridges and gears 20% EMISSION REDUCTION PER TEU -20% Pre upgrade Post upgrade 6 SFL Financial Performance | --- | --- | --- | --- | |-------------------------------------------------------------------------------------------|----------------------------------------- ...