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 | --- | --- | --- | --- | |-------------------------------------------------------------------------------------------|----------------------------------------- ...

Financial Data and Key Metrics - Total charter revenues for Q4 2023 were $209 million, with EBITDA at $132 million, in line with Q3 2023 [4] - Net income for Q4 2023 was $31 million, or $0.25 per share, impacted by one-off items such as negative mark-to-market on hedging instruments and accounting effects on Hercules [4] - The company has paid dividends every quarter since 2004, accumulating to over $30 per share, or nearly $2.7 billion in total [5] - Fixed rate backlog stands at approximately $3.2 billion, concentrated around long-term charters with strong end users [5] Business Line Data and Key Metrics - The fleet consists of 73 maritime assets, including 15 dry bulk vessels, 36 container ships, 13 tankers, 2 drilling rigs, and 7 car carriers [7][8] - Utilization across the shipping fleet was 99.7% in Q4, with 99% utilization for drilling rigs [12] - Container fleet generated $92 million in gross charter hire in Q4, including $3.4 million in profit share from fuel savings [15] - Tankers generated $30 million in gross charter hire, while dry bulk carriers contributed $21 million, with $7.3 million from spot and short-term market [23][24] - Drilling rigs generated $44.9 million in contract revenues, down from $64.1 million in Q3 due to fewer contract days for Hercules [25][27] Market Data and Key Metrics - The company has diversified its fleet and counterparties, with container vessels now representing just under 50% of the backlog [16] - 95% of charter revenues in Q4 came from time charter contracts, with only 5% from bareboats or dry leases [17] - The company operates across multiple sectors, with commercial operations in Oslo and operational management in Singapore and Stavanger [18] Company Strategy and Industry Competition - The company has transformed its operating model over the last decade, moving away from bareboat charters to assume operating exposure, making it relevant for large industrial end users [9] - The company focuses on fleet optimization, including investments to minimize off-hire, increase cargo capacity, and reduce energy consumption, particularly in light of IMO carbon intensity regulations [11] - The company is working with main container charterers like Maersk and Hapag-Lloyd to increase energy efficiency, estimating a 20% reduction in fuel consumption and emissions per TEU carried [12][13] Management Commentary on Operating Environment and Future Outlook - Management highlighted the company's strong balance sheet, with $165 million in cash and cash equivalents at quarter-end, and a fixed charter rate backlog of $3.2 billion providing strong cash flow visibility [37] - The company is optimistic about 2024, with opportunities in multiple segments, including tankers, car carriers, and containers, despite a slow 2023 due to rising newbuilding prices and interest rates [41][44] - Management emphasized the importance of fuel efficiency and new fuel types, such as LNG and methanol, in future vessel investments [48][49] Other Important Information - The company has $77 million in remaining CapEx commitments for two car carriers under construction, with an estimated net cash proceeds of $45 million upon delivery [35] - The rig Linus is scheduled for a special periodic survey in Q2 2024, with an estimated net capital expenditure of $30 million [36] Q&A Session Summary Question: Opportunities for capital deployment in 2024 - Management sees opportunities in multiple segments, including tankers, car carriers, and containers, with a focus on long-term charters and fuel efficiency [41][44] Question: Container market dynamics and operational changes - Management noted that liner companies are focused on efficiency and cost per unit, with increasing interest in fuel-efficient vessels due to longer transportation legs caused by canal disruptions [45][46] Question: Dry bulk fleet and portfolio strategy - The dry bulk fleet is primarily traded in the short-term market due to limited long-term charter opportunities, with potential for asset sales if market conditions improve [51][53] Question: Geopolitical impact on business, particularly Red Sea disruptions - Management noted that while geopolitical issues like Red Sea disruptions increase fuel consumption for customers, the company's long-term charters mitigate direct financial impact [63][65]

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 November 2023 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 und ...

SFL Corporation Ltd. (NYSE:SFL) Q3 2023 Earnings Conference Call November 8, 2023 8:30 AM ET Company Participants Ole Hjertaker - Chief Executive Officer Trym Sjølie - Chief Operating Officer Aksel Olesen - Chief Financial Officer Conference Call Participants Richard Diamond - Castlewood Capital Unidentified Company Representative Welcome to SFL's Third Quarter 2023 Conference Call. My name is [indiscernible] and I'm an analyst in SFL. Our CEO, Ole Hjertaker will start the call by briefly going through the ...

$0.25 79th consecutive quarterly dividend $118m Cash and cash equivalents $3.4bn fixed revenue backlog Dividend per share 11 1) Pro-forma illustration of cash flow is not as accounted for under US GAAP. This is used as an internal guideline to assess the Company's performance. Note that figures are net of extraordinary and non-cash items, and are including charter hire from assets in 100% owned subsidiaries classified as 'Investment in associates' 8 Income Statement | --- | --- | --- | --- | --- | |-------| ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION 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 cover of Form 20-F or Form 40-F. Form 20-F x Form 40-F ¨ INFORMATION CONTAINED IN THIS FORM 6-K REPORT Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13A-16 OR 15D-16 U ...

| --- | --- | --- | |----------------------------------------------------|---------------------------------------------------------------------|-------------------------| | Adjusted EBITDA \n(in thousands of $) | Three months ended \nJun 30, 2023 \nCompany (excluding associates) | 49.9% owned associates | | | | | | Net cash provided by operating activities | 149,906 | 3,773 | | Non cash movements in other assets and liabilities | (83,682) | 58 | | Interest related to Non- Designated Derivatives | (1,252) | ...

SFL Corporation Ltd. (NYSE:SFL) Q2 2023 Earnings Conference Call August 17, 2023 10:00 AM ET Company Participants Marius Furuly - Vice President, Finance & Investor Relations Ole Hjertaker - Chief Executive Officer Trym Otto Sjølie - Chief Operating Officer Aksel Olesen - Chief Financial Officer Conference Call Participants Richard Diamond - Castlewood Capital Climent Molins - Value Investor's Edge Chris Wetherbee - Citi Marius Furuly Welcome to SFL’s Second Quarter 2023 Conference Call. My name is Marius F ...

Ole Hjertaker Ole Hjertaker It's a good question. I would say, any aspect -- I would say, in our shop, anything is for sale at the right price, if we think about it's beneficial for shareholders. But generally, I would say that those vessels are trading in the market and, of course, we did sell -- we did own seven Handy size dry bulk vessels in the past and we sold them and what we believe was at -- optimistically sort of good timing. So, for now, we keep these vessels, we keep trading them, and they genera ...

RULE 13A-16 OR 15D-16 UNDER THE SECURITIES Par-la-Ville Place 14 Par-la-Ville Road Hamilton, HM 08, Bermuda -------------------------------------------------------------------------------- EXCHANGE ACT OF 1934 For the month of March 2023 Commission File Number: 001-32199 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SFL Corporation Ltd. -------------------------------------------------------------------------------- (Translation of registrant's name into English) FORM 6-K REPORT OF ...