SFL Corporation Ltd. (NYSE:SFL) Q4 2022 Earnings Conference Call February 15, 2023 10:00 AM ET Company Participants Ole Hjertaker - Chief Executive Officer Aksel Olesen - Chief Financial Officer Trym Sjølie - Chief Operating Officer Conference Call Participants Greg Lewis - BTIG Ole Hjertaker Thank you. And welcome all to SFL’s Fourth Quarter Conference Call. I will start the call by briefly going through the highlights of the quarter, and following that, our CFO, Aksel Olesen, will take us through the fina ...

1 SFL Corporation Ltd. Q4 2022 presentation February 15, 2023 Forward Looking Statements This presentation contains forward looking statements. These statements are based upon various assumptions, many of which are based, in turn, upon further assumptions, including SFL management's examination of historical operating trends, data contained in the Company's records and other data available from third parties. Although SFL believes that these assumptions were reasonable when made, because assumptions are inh ...

Financial Data and Key Metrics Changes - Total charter revenues for the quarter were $178 million, an increase of 8% compared to the second quarter [5] - EBITDA equivalent cash flow was approximately $126 million for the quarter, with a total of $489 million over the last 12 months [5] - Net income for the quarter was around $50 million, or $0.39 per share [5][34] - The announced dividend of $0.23 per share represents a dividend yield of approximately 8.8% [6] Business Line Data and Key Metrics Changes - The liner fleet generated gross charter hire of approximately $98 million, including about $10 million in profit share [26] - The tanker fleet generated approximately $42 million in gross charter hire, up from $35 million in the previous quarter [27] - The dry bulk fleet generated approximately $27 million in gross charter hire, including about $1.2 million of profit share [28] - Charter hire from drilling rigs was approximately $10 million, with expectations for full revenue from ConocoPhillips starting in the fourth quarter [29] Market Data and Key Metrics Changes - The fixed rate backlog increased to approximately $3.8 billion, providing strong cash flow visibility [7][25] - The charter backlog includes approximately $0.5 billion from 7 car carriers, with an average remaining charter term of about 4.7 years [26] Company Strategy and Development Direction - The company has shifted from a single asset class to a diversified fleet, with container vessels now representing the largest segment at 53% of the backlog [17] - The strategy focuses on maintaining a strong technical and commercial operating platform, allowing for a wider range of services to customers [21] - The company aims to retain more residual value in assets through time charters rather than bareboat charters, which benefits stakeholders [22] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the market prospects for deepwater drilling rigs, particularly for 2024 and 2025 [15] - The company is considering upgrades to its rigs to enhance attractiveness for long-term contracts [16] - The management highlighted the importance of a conservative approach to financing, especially in light of rising interest rates [33] Other Important Information - The company has secured refinancing facilities for its vessels totaling $138 million and is in advanced discussions for additional financing [36][37] - The company has a book equity ratio of approximately 29% at the end of the quarter [37] Summary of Q&A Session - Due to technical issues, a question-and-answer session could not be conducted, and participants were encouraged to reach out via the company's website for any clarifications [39][40]

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 August 2022 Commission File Number: 001-32199 (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 o ...

SFL Corporation Ltd. (NYSE:SFL) Q2 2022 Earnings Conference Call August 17, 2022 10:00 AM ET Company Participants Ole Hjertaker - Chief Executive Officer Aksel Olesen - Chief Financial Officer Trym Sjølie - Chief Operating Officer Conference Call Participants Liam Burke - B. Riley Financial Operator Good day and thank you for standing by. Welcome to the Second Quarter 2022 SFL Corporation Earnings Conference Call. [Operator Instructions] Please be advised that todayÂ's conference is being recorded. I would ...

1 SFL Corporation Ltd. Q2 2022 presentation August 17, 2022 Forward Looking Statements This presentation contains forward looking statements. These statements are based upon various assumptions, many of which are based, in turn, upon further assumptions, including SFL management's examination of historical operating trends, data contained in the Company's records and other data available from third parties. Although SFL believes that these assumptions were reasonable when made, because assumptions are inher ...

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 2022 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 ...

FORM 20-F [ ☐ ] REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR [☒] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SFL Corporation Ltd. (Exact name of Registrant as specified in its charter) (Translation of Registrant's name into English) Bermuda OR [ ☐ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF ...

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 March 2022 Commission File Number: 001-32199 -------------------------------------------------------------------------------- (Translation of registrant's name into English) Par-la-Ville Place 14 Par-la-Ville Road Hamilton, HM 08, Bermuda ------------------------------------------------------------------ ...

SFL Corporation Ltd. (NYSE:SFL) Q4 2021 Earnings Conference Call February 16, 2022 10:00 AM ET Company Participants Ole Hjertaker - CEO Aksel Olesen - CFO Trym Sjølie - COO Conference Call Participants Randy Giveans - Jefferies Greg Lewis - BTIG Liam Burke - B. Riley Operator Good day, and thank you for standing by. Welcome to the Q4 2021 SFL Corporation Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speaker presentation, there will be a question-and-answer ses ...