Scorpio Tankers Inc. Third Quarter 2022 Earnings Presentation November 1, 2022 Disclaimer and Forward-looking Statements This presentation includes "forward-looking statements" within the meaning of the safe harbor provisions of the United States Private 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 ...

[Management's Discussion and Analysis of Financial Condition and Results of Operations](index=4&type=section&id=Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) [Information on the Company](index=4&type=section&id=Information%20on%20the%20Company) The company operates a modern fleet of 113 product tankers primarily employed in spot market-oriented pools - As of October 3, 2022, the company's operating fleet consists of **113 product tankers** with a weighted average age of **6.7 years**[13](index=13&type=chunk) - The majority of the company's vessels operate in pools managed by the related party Scorpio Commercial Management S.A.M. (SCM)[18](index=18&type=chunk) Operating Fleet Composition as of October 3, 2022 | Vessel Type | Count | | :--- | :--- | | LR2 | 39 | | MR | 60 | | Handymax | 14 | | **Total** | **113** | [Recent Developments](index=8&type=section&id=RECENT%20DEVELOPMENTS) The company declared a quarterly dividend, sold tankers, repurchased shares, and exercised purchase options on 15 leased vessels - Declared a quarterly cash dividend of **$0.10 per common share** in July 2022[19](index=19&type=chunk) - Sold the MR tanker STI Benicia in July 2022 and the LR2 tanker STI Nautilus in August 2022[20](index=20&type=chunk) - Repurchased a total of **2,690,881 common shares** at an average price around $38[21](index=21&type=chunk) - Exercised purchase options on six MR product tankers in August 2022, repaying **$95.0 million** in lease obligations[23](index=23&type=chunk) - Gave notice to exercise options on an additional nine vessels, which is expected to reduce debt by **$160.8 million**[24](index=24&type=chunk) - Entered into three-year time charter-out agreements for three LR2 product tankers at daily rates between **$30,380 and $32,750**[25](index=25&type=chunk)[26](index=26&type=chunk)[27](index=27&type=chunk) [Business Overview](index=9&type=section&id=Overview) The company generates revenue from charters and pools, with all vessels managed by related parties SCM and SSM - Primary revenue sources are voyage charters, time/bareboat charters, and commercial pools, which offer flexibility and scheduling efficiencies[29](index=29&type=chunk)[34](index=34&type=chunk) - Vessels are commercially managed by SCM and technically managed by SSM, both related parties controlled by the Lolli-Ghetti family, under a master agreement[32](index=32&type=chunk) - Administrative services, including accounting, legal, and IT, are provided by another related party, Scorpio Services Holding Limited (SSH)[37](index=37&type=chunk) [Important Financial and Operational Terms and Concepts](index=10&type=section&id=Important%20Financial%20and%20Operational%20Terms%20and%20Concepts) The company's performance is evaluated using key metrics like Time Charter Equivalent (TCE) revenue, which more than doubled in H1 2022 - TCE revenue is a key non-IFRS performance measure used to compare period-to-period performance irrespective of charter type mix[46](index=46&type=chunk) - Total expenditures for drydock, scrubbers, and Ballast Water Treatment Systems (BWTS) decreased to **$22.8 million** in H1 2022 from $27.3 million in H1 2021[48](index=48&type=chunk) Average Daily Performance (Six Months Ended June 30) | Metric | 2022 | 2021 | | :--- | :--- | :--- | | **Fleet TCE per revenue day** | **$25,444** | **$11,552** | | Fleet Vessel operating costs per day | $7,173 | $6,848 | | LR2 TCE per revenue day | $25,287 | $11,949 | | MR TCE per revenue day | $25,583 | $11,871 | | Handymax TCE per revenue day | $29,119 | $9,286 | [Factors Affecting Results](index=12&type=section&id=Items%20You%20Should%20Consider%20When%20Evaluating%20Our%20Results) Financial performance is influenced by the cyclical tanker market, seasonality, and significant fees paid to related parties - The tanker industry is cyclical, with profitability volatility driven by changes in vessel supply and demand for petroleum products[56](index=56&type=chunk) - Tanker markets exhibit seasonality, typically stronger in the winter quarters (Q1, Q4) and weaker in the summer quarters (Q2, Q3)[56](index=56&type=chunk) - Expenses are significantly affected by fees paid to related parties SCM (commercial management), SSM (technical management), and SSH (administrative services)[57](index=57&type=chunk) [Results of Operations](index=14&type=section&id=Results%20of%20Operations) The company reported a net income of $106.7 million in H1 2022, a significant turnaround driven by a 112% increase in vessel revenue [Comparison of Six Months Ended June 30, 2022 and 2021](index=14&type=section&id=Results%20of%20Operations%20for%20the%20six%20months%20ended%20June%2030%2C%202022%20compared%20to%20the%20six%20months%20ended%20June%2030%2C%202021) - Vessel revenue surged **112%** due to a structural improvement in the product tanker market, with consolidated TCE revenue per day increasing to **$25,444**[62](index=62&type=chunk)[63](index=63&type=chunk) - Vessel operating costs decreased slightly by 1% to **$161.8 million**, mainly due to a smaller fleet size, though daily operating costs rose 5%[74](index=74&type=chunk)[75](index=75&type=chunk) - A loss of **$69.2 million** was recorded on the sale of 18 vessels during the period[83](index=83&type=chunk) - Financial expenses increased by 12% to **$78.7 million**, primarily due to higher LIBOR rates[84](index=84&type=chunk)[88](index=88&type=chunk) Consolidated Results of Operations (in thousands of U.S. dollars) | Line Item | H1 2022 | H1 2021 | | :--- | :--- | :--- | | Vessel revenue | $579,120 | $273,607 | | Vessel operating costs | ($161,755) | ($163,900) | | Loss on sales of vessels | ($69,218) | $0 | | Financial expenses | ($78,710) | ($69,973) | | **Net income / (loss)** | **$106,683** | **($115,176)** | TCE Revenue by Segment (in thousands of U.S. dollars) | Segment | H1 2022 | H1 2021 | | :--- | :--- | :--- | | MR | $289,382 | $136,202 | | LR2 | $188,986 | $88,278 | | Handymax | $88,508 | $25,783 | | LR1 | $11,169 | $23,344 | [Liquidity and Capital Resources](index=20&type=section&id=Liquidity%20and%20Capital%20Resources) The company's cash balance increased to $359.5 million, with management believing liquidity is adequate for the next twelve months - The company's cash balance increased to **$359.5 million** as of June 30, 2022, from $230.4 million at December 31, 2021[96](index=96&type=chunk) - Management believes the company has adequate financial resources to meet its commitments for at least the next twelve months[93](index=93&type=chunk) - Market volatility is expected to continue due to the ongoing impacts of the COVID-19 pandemic and the military conflict in Ukraine[94](index=94&type=chunk)[95](index=95&type=chunk) [Cash Flows](index=20&type=section&id=Cash%20Flows) - Cash flow from operations increased significantly to **$139.8 million**, primarily due to a $305.5 million increase in vessel revenue[101](index=101&type=chunk)[102](index=102&type=chunk) - Investing activities generated a net inflow of **$518.6 million**, driven by $541.2 million in net proceeds from the sale of 16 vessels[107](index=107&type=chunk)[109](index=109&type=chunk) - Financing activities resulted in a net outflow of **$529.3 million**, reflecting significant debt and lease repayments[111](index=111&type=chunk) Summary of Cash Flows (in thousands of U.S. dollars) | Activity | H1 2022 | H1 2021 | | :--- | :--- | :--- | | Net cash from Operating activities | $139,802 | $25,922 | | Net cash from Investing activities | $518,648 | ($27,308) | | Net cash from Financing activities | ($529,337) | $96,104 | [Long-Term Debt Obligations and Credit Arrangements](index=25&type=section&id=Long-Term%20Debt%20Obligations%20and%20Credit%20Arrangements) - The company was in compliance with all debt covenants as of June 30, 2022[114](index=114&type=chunk) - Subsequent to the period end, the company repaid **$95.0 million** on the China Huarong Lease Financing after exercising purchase options on six MR tankers[117](index=117&type=chunk) Total Outstanding Indebtedness (in thousands of U.S. dollars) | Date | Amount Outstanding | | :--- | :--- | | June 30, 2022 | $2,652,424 | | September 30, 2022 | $2,478,815 | [Capital Expenditures](index=27&type=section&id=Capital%20Expenditures) - As of June 30, 2022, the company has future payment commitments of **$15.1 million** for the purchase of scrubbers and BWTS[120](index=120&type=chunk) Capital Expenditure Activity (H1 2022) | Category | Costs Incurred (in thousands) | | :--- | :--- | | Drydock | $8,710 | | Ballast Water Treatment Systems (BWTS) | $2,388 | | Scrubbers | $14,057 | [Material Cash Requirements](index=29&type=section&id=Material%20Cash%20Requirements) - Total material cash requirements amount to over **$3.3 billion**, primarily consisting of payments on credit facilities, leases, and notes[121](index=121&type=chunk) Future Material Cash Requirements as of June 30, 2022 (in thousands) | Period | Amount | | :--- | :--- | | Less than 1 year | $574,225 | | 1 to 3 years | $1,124,296 | | 3 to 5 years | $806,588 | | More than 5 years | $820,229 | [Quantitative and Qualitative Disclosures about Market Risk](index=30&type=section&id=QUANTITATIVE%20AND%20QUALITATIVE%20DISCLOSURES%20ABOUT%20MARKET%20RISK) The company is exposed to interest rate, spot market, foreign exchange, and inflation risks, with specific sensitivities quantified - **Interest Rate Risk:** A one-percentage point increase in the floating interest rate would increase annual interest expense by **$22.9 million**[127](index=127&type=chunk) - **Spot Market Rate Risk:** A $1,000 per day change in spot rates would have altered operating income by **$21.7 million** for the first six months of 2022[128](index=128&type=chunk) - **Foreign Exchange Risk:** The company incurs some expenses in currencies other than the U.S. dollar, creating exposure to currency fluctuations[129](index=129&type=chunk) - **Inflation Risk:** High inflation has impacted vessel operating costs and voyage expenses, posing a risk to future operating costs[132](index=132&type=chunk) [Unaudited Condensed Consolidated Financial Statements](index=32&type=section&id=Unaudited%20Condensed%20Consolidated%20Financial%20Statements) [Unaudited Condensed Consolidated Balance Sheets](index=33&type=section&id=Unaudited%20Condensed%20Consolidated%20Balance%20Sheets) Total assets decreased to $4.61 billion while shareholders' equity increased to $1.94 billion as of June 30, 2022 Consolidated Balance Sheet Summary (in thousands of U.S. dollars) | Account | June 30, 2022 | Dec 31, 2021 | | :--- | :--- | :--- | | **Total Assets** | **$4,609,643** | **$5,013,969** | | Cash and cash equivalents | $359,528 | $230,415 | | Vessels and drydock, net | $3,144,735 | $3,842,071 | | **Total Liabilities** | **$2,668,881** | **$3,177,041** | | Current portion of long-term debt | $69,272 | $235,278 | | Long-term bank debt and bonds | $474,056 | $666,409 | | Sale and leaseback liability (Current & LT) | $1,546,432 | $1,639,991 | | **Total Shareholders' Equity** | **$1,940,762** | **$1,836,928** | [Unaudited Condensed Consolidated Statements of Income or Loss](index=34&type=section&id=Unaudited%20Condensed%20Consolidated%20Statements%20of%20Income%20or%20Loss) The company reported a net income of $106.7 million, or $1.84 diluted EPS, for H1 2022, a reversal from a net loss in H1 2021 Income Statement Summary (in thousands of U.S. dollars, except per share data) | Metric | H1 2022 | H1 2021 | | :--- | :--- | :--- | | Vessel revenue | $579,120 | $273,607 | | Total operating expenses | ($396,385) | ($313,612) | | Operating income / (loss) | $182,735 | ($40,005) | | **Net income / (loss)** | **$106,683** | **($115,176)** | | Basic EPS | $1.92 | ($2.12) | | Diluted EPS | $1.84 | ($2.12) | [Notes to the Unaudited Condensed Consolidated Financial Statements](index=38&type=section&id=Notes%20to%20the%20Unaudited%20Condensed%20Consolidated%20Financial%20Statements) The notes detail vessel sales, debt obligations, extensive related-party transactions, and significant subsequent events [Note 4: Assets Held for Sale and Vessels](index=40&type=section&id=Note%204.%20Assets%20held%20for%20sale%20and%20Vessels%20and%20drydock) - During H1 2022, the company entered into agreements to sell **18 vessels** (3 LR2s, 12 LR1s, 3 MRs)[161](index=161&type=chunk) - The sale of 16 of these vessels closed within the period for an aggregate price of **$558.2 million**, resulting in a total loss of **$63.8 million**[163](index=163&type=chunk) - As of June 30, 2022, two vessels remained classified as held for sale[164](index=164&type=chunk)[165](index=165&type=chunk) [Note 11: Debt](index=46&type=section&id=Note%2011.%20Current%20and%20long-term%20debt) - In May 2022, the company repaid the outstanding **$69.7 million** principal balance of its Convertible Notes Due 2022 upon maturity[203](index=203&type=chunk) - In May 2022, the company repurchased **$10.8 million** face value of its Convertible Notes Due 2025 in the open market for $12.6 million[204](index=204&type=chunk) Debt and Lease Obligations as of June 30, 2022 (Carrying Value, in thousands) | Category | Amount | | :--- | :--- | | Secured Credit Facilities | $283,736 | | Sale and Leaseback Financing | $1,534,228 | | IFRS 16 - Lease Liabilities | $523,589 | | Unsecured Senior & Convertible Notes | $267,926 | | **Total** | **$2,609,479** | [Note 12: Common Shares](index=50&type=section&id=Note%2012.%20Common%20shares) - The Board of Directors authorized a **$250 million** securities repurchase program, with **$237.5 million** remaining available as of June 30, 2022[211](index=211&type=chunk)[212](index=212&type=chunk) - The company paid two quarterly cash dividends of **$0.10 per share** during the first half of 2022[210](index=210&type=chunk) - As of June 30, 2022, there were **59,415,013 common shares** outstanding[214](index=214&type=chunk) [Note 13: Related Party Transactions](index=51&type=section&id=Note%2013.%20Related%20party%20transactions) - As of June 30, 2022, the company had accounts receivable of **$193.9 million** due from the related-party Scorpio Pools[219](index=219&type=chunk) - Termination fees of **$2.7 million** were paid to SCM and SSM during H1 2022 as a result of vessel sales[223](index=223&type=chunk) Transactions with Related Parties (H1 2022, in thousands) | Transaction Type | Amount | | :--- | :--- | | Pool revenue | $491,793 | | Vessel operating costs (to SSM) | ($16,618) | | Administrative expenses (to SSH) | ($6,665) | | Purchases of bunkers | ($10,793) | [Note 21: Subsequent Events](index=63&type=section&id=Note%2021.%20Subsequent%20events) - In July, September, and October 2022, the company repurchased an aggregate of **1,397,220 common shares** in the open market[266](index=266&type=chunk) - In August 2022, the company exercised purchase options on six MR tankers, repaying a **$95.0 million** lease obligation[268](index=268&type=chunk) - In September 2022, the company gave notice to exercise purchase options on an additional nine vessels, expected to result in a debt reduction of **$160.8 million**[269](index=269&type=chunk)

Scorpio Tankers Inc. Second Quarter 2022 Earnings Presentation July 28, 2022 Disclaimer and Forward-looking Statements This presentation includes "forward-looking statements" within the meaning of the safe harbor provisions of the United States Private 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," ...

Financial Data and Key Metrics Changes - Scorpio Tankers generated its largest quarterly profit in the company's history, with a significant improvement in investment quality [9] - The company reduced outstanding debt by $511 million in the first half of the year, with a pro forma cash balance increasing by $360 million to $591 million [9][10] - Pro forma liquidity could reach close to $700 million by the end of Q3 if average rates are $35,000 per day [11][31] Business Line Data and Key Metrics Changes - The fleet achieved a time charter rate of $44,800 per day in Q2, with expectations of generating almost $1 billion in free cash flow if rates average $35,000 per day for the year [32] - The company has booked 44% of the days in Q3 at a rate close to $45,000 per day [11] Market Data and Key Metrics Changes - Global inventories remain near historic lows, with demand for refined products expected to increase as the global economy reopens [12][25] - Seaborne exports of refined products are expected to increase by an additional 500,000 to 1 million barrels per day by the end of the year [24] - The product tanker order book is at a record low, with only 5% of the existing fleet on order [27] Company Strategy and Development Direction - The company's top priority is to reduce leverage and increase liquidity, with a focus on improving the balance sheet [13][30] - The management believes that the current market conditions will be sustained due to low inventories and constrained supply [12][25] Management's Comments on Operating Environment and Future Outlook - Management expects refined product demand to continue increasing, with a projected increase of 2 million to 4 million barrels per day through the end of the year [24][73] - The global market is anticipated to remain short on diesel due to unresolved refining capacity deficits [40] Other Important Information - The company has declared repurchase options on six MRs under sale leaseback arrangements for $95 million, contributing to debt reduction [10][31] - The company has seen a structural shift in refining capacity, moving further away from consumers and closer to wellheads, which increases seaborne exports [21][22] Q&A Session Summary Question: Impact of recent refining margin changes on the market - Management indicated that while refining margins have decreased recently, they remain healthy and logistics issues globally will play a significant role in the tanker market [46][48] Question: Plans for capital allocation and shareholder returns - Management emphasized the importance of reducing debt first before considering stock buybacks or dividends, with a focus on maintaining a strong balance sheet [60][64] Question: China's refined product exports and market impact - Management noted that while China's refining utilization is lower, there has been a steady supply of products, particularly diesel, which could positively impact the overall market [66][68] Question: Concerns about crude demand volatility - Management expressed confidence that both crude oil and refined product markets will remain tight due to a lack of investment in the supply chain [72] Question: Structural changes in the market and asset values - Management confirmed that asset prices are increasing due to strong charter demand and limited new building deliveries, indicating a positive outlook for asset values [79]

Scorpio Tankers Inc. First Quarter 2022 Earnings Presentation April 28, 2022 Disclaimer and Forward-looking Statements This presentation includes "forward-looking statements" within the meaning of the safe harbor provisions of the United States Private 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," ...

Financial Data and Key Metrics Changes - The company reduced its debt by more than $500 million through vessel sales and scheduled amortization in the first half of the year [7][17] - The fleet is expected to average $25,000 per day TCE in the second quarter, potentially resulting in $450 million in liquidity by the end of June [7][17] - The company anticipates generating almost $600 million in free cash flow before debt repayment if rates average $25,000 per day for the year [18][19] Business Line Data and Key Metrics Changes - Product tanker rates increased significantly at the end of the quarter and remain elevated, driven by increased demand for refined products and seaborne exports [8][11] - The highest rate increases were observed for vessels operating from the US Gulf to Latin America, while MR rates in the US Gulf declined from record levels but increased in the Middle East and Asia [11][12] Market Data and Key Metrics Changes - Diesel demand is robust and has surpassed pre-pandemic levels, contributing to a tight diesel market [11][12] - The situation in Russia and Ukraine has exacerbated the global diesel shortage, with potential increases in ton miles demand as Europe seeks to replace lost Russian imports [12][13] - Seaborne CPP exports exceeded pre-COVID levels by 700,000 barrels per day in April, with refined product demand expected to increase by 4 million barrels per day through the remainder of the year [15][16] Company Strategy and Development Direction - The company aims to improve its balance sheet and create shareholder value in an improving market, with no plans to sell additional vessels [6][9] - The focus is on reducing leverage through scheduled amortization and opportunistically through vessel refinancings, while also considering a $250 million share repurchase program [9][20] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the growing demand for refined products and the increasing dislocation between producers and consumers, expecting a constructive environment for product tanker rates [8][9] - The company anticipates a sustained tight supply-demand balance for refined products throughout the year, with limited ability to supply demand from inventory draws [15][56] Other Important Information - The product tanker order book is at a record low, with scrapping at an all-time high, leading to expectations of minimal fleet growth in the coming years [16][20] - The company has no new building orders and has completed necessary drydockings, allowing for lower capital expenditures [42][43] Q&A Session Summary Question: Discussion on recent vessel sales and fleet management - Management confirmed that they are done with vessel sales and are now focusing on capitalizing on incoming cash flows [28][29] Question: Insights on the LR2 market strength - Management noted a significant increase in LR2 rates, driven by structural demand and repositioning of vessels [31][33] Question: Risks to the current market outlook - Management indicated that while the market outlook is strong, unexpected geopolitical events or drastic changes in demand could pose risks [38][39] Question: Thoughts on M&A and fleet expansion - Management stated that they are focused on maximizing current assets and do not see the need for acquisitions at this time [42] Question: Future dividend strategy - Management indicated that while dividends are part of capital allocation, any increase would depend on sustained market conditions [63][64] Question: Current cash flow and operational efficiency - Management confirmed that they are not facing difficulties in sourcing high sulfur fuel and are focused on maintaining operational efficiency [65]

Exhibit 99.1 Scorpio Tankers Inc. Announces Financial Results for the First Quarter of 2022 and Declaration of a Quarterly Dividend MONACO--(GLOBE NEWSWIRE - April 28, 2022) - Scorpio Tankers Inc. (NYSE: STNG) ("Scorpio Tankers" or the "Company") today reported its results for the three months ended March 31, 2022. The Company also announced that its Board of Directors has declared a quarterly cash dividend of $0.10 per share on the Company's common stock. Results for the three months ended March 31, 2022 a ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark One) ¨ 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 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________________ to _________________ OR ¨ SHELL COMPANY REPOR ...

Financial Data and Key Metrics Changes - Scorpio Tankers finished 2021 with more cash on the balance sheet than in 2020, indicating improved liquidity [8] - The company has over $460 million in pro forma liquidity after the sale of 14 vessels, which also reduces overall debt [27][30] - The company has seen a substantial increase in asset values, with 5-year-old LR2s increasing by $12.5 million per vessel since January 2021, raising the gross asset value of the LR2 fleet by $525 million [26] Business Line Data and Key Metrics Changes - Smaller vessels, specifically Handymax and MRs, have shown more improvement due to demand strength in the U.S., Latin America, Africa, and Europe [15] - LR2s have been slower to recover due to lower demand in Asia and reduced arbitrage opportunities [15] Market Data and Key Metrics Changes - Oil demand increased by 19 million barrels a day since May 2020 and is expected to surpass pre-COVID levels in 2022 [11] - Refined product inventories are at historically low levels, with 181 million barrels drawn from January to November 2021 [16] - The product tanker order book is at a record low, with only 5.3% of the existing fleet on order [23] Company Strategy and Development Direction - The company aims to maintain a strong liquidity position and significant operating leverage in a challenging market, focusing on creating shareholder value in an improving market [10] - The decision to sell assets is part of a strategy to enhance liquidity and reduce debt while capitalizing on increased asset values [9][27] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism for 2022, despite the impact of the Omicron variant, citing strong demand for oil and its derivatives [40] - The company believes that the recovery is close, with ton mile demand exceeding pre-COVID levels due to refinery closures [17][20] - Management highlighted that mobility is the main catalyst for recovery, and all fundamentals are pointing in the right direction [74] Other Important Information - The company has refinanced essentially all upcoming maturities and has minimal CapEx, positioning itself well for a market recovery [30] - The company has the largest product tanker fleet in the world, comprised entirely of ECO vessels, providing significant operating leverage [31] Q&A Session Summary Question: Can you discuss the recent vessel sales and the pricing? - Management noted that the strong purchase market allowed for the sale of vessels at surprisingly high prices, reflecting increased net asset values [36] Question: How does the company feel about its liquidity position ahead of a recovery? - Management is comfortable with the current liquidity and may consider further vessel sales to take advantage of NAV arbitrage, but not out of necessity [41] Question: What are the expectations for rates in the upcoming quarter? - Management indicated that rates are volatile and difficult to predict, but overall rates are expected to be above breakeven levels [46] Question: How does the company view the impact of geopolitical events on demand? - Management acknowledged that geopolitical events could affect demand but emphasized that the fundamentals are strong and mobility is key for recovery [59] Question: What is the outlook on refinery closures and their impact on ton mile demand? - Management believes that the full benefit of refinery closures has not yet been realized and expects to see a multiplier effect on demand as it returns to pre-COVID levels [64]

Scorpio Tankers Inc. Fourth Quarter 2022 Earnings Presentation February 14, 2022 Disclaimer and Forward-looking Statements This presentation includes "forward-looking statements" within the meaning of the safe harbor provisions of the United States Private 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," "foreca ...