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Scorpio Tankers(STNG) Presents At Capital Link's Company Presentation Series - Slideshow
2022-01-27 04:47
Scorpio Tankers Inc. Capital Link Webinar Series Presentation January 26, 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 ...
Scorpio Tankers(STNG) - 2021 Q3 - Earnings Call Presentation
2021-11-11 20:28
Scorpio Tankers Inc. Third Quarter 2021 Earnings Presentation November 11, 2021 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," "forecas ...
Scorpio Tankers(STNG) - 2021 Q3 - Earnings Call Transcript
2021-11-11 17:46
Scorpio Tankers Inc. (NYSE:STNG) Q3 Earnings Conference Call November 11, 2021 8:30 AM ET Company Participants | --- | --- | |------------------------------------------|-------| | | | | Brian Lee – Chief Financial Officer | | | Emanuele Lauro – Chief Executive Officer | | | Robert Bugbee – President | | | Cameron Mackey – Chief Operating Officer | | | Lars Nielsen – Commercial Director | | | James Doyle – Senior Financial Analyst | | | Conference Call Participants | | | Omar Nokta – Clarksons Security | | | ...
Scorpio Tankers(STNG) - 2021 Q2 - Earnings Call Transcript
2021-08-05 19:34
Financial Data and Key Metrics Changes - The company reported a continued market weakness due to the pandemic, but believes the recovery has been deferred rather than canceled [9][10] - The value of the company's fleet has increased, with vessel prices rising and low supply growth [10][14] - The company has maintained a strong liquidity position, with $282 million as of June 30 and $268 million as of the current date, up from $187 million at the end of the previous year [79][80] Business Line Data and Key Metrics Changes - The product tanker market has seen a recovery in demand, particularly in the Americas, with refinery utilization reaching 92% in June and July, the highest since the onset of COVID-19 [21][22] - The company has noted an increase in arbitrage barrels moving longer-haul, which has positively impacted rates recently [20][66] Market Data and Key Metrics Changes - The company observed a significant draw in global inventories and rising demand, with global commercial flights at 89% of 2019 levels, but jet fuel demand still lagging at 70% [22][23] - The tanker market is expected to recover in the second half of the year, with a focus on the latter part of the second half for a meaningful upswing in rates [24][75] Company Strategy and Development Direction - The company is focusing on sensible balance sheet management and liquidity management ahead of the anticipated upswing in rates [10][14] - The company is exploring investments in dual-fuel technology, specifically methanol, to enhance competitiveness in the long term [30][32] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the recovery of the tanker market, citing constrained supply and increasing asset values as positive indicators [14][17] - Concerns over COVID-19 variants continue to impact the global market, but management remains optimistic about the eventual recovery [11][12] Other Important Information - The company has upsized its 2025 convertible bond and is actively managing liquidity to ensure business stability [10][13] - The company is experiencing a benign vessel supply outlook, with historically low product tanker order books and constrained shipyard capacity [23] Q&A Session Summary Question: Investment in Dual Fuel Tankers - The company made a small investment in dual-fuel tankers to engage in the benefits of dual-fuel technology and position itself competitively for the future [29][30] Question: Vessel Age and Fleet Renewal - Management indicated that vessels under 15 years are treated similarly, and the company does not feel immediate pressure for fleet renewal due to the technological advantages of its ECO design vessels [36][38] Question: Capital Commitments and Liquidity - The company is confident in its ability to handle capital commitments, with plans to refinance some of the debt coming due [41][43] Question: Scrubber Installations - The company is reducing the number of scrubber installations going forward, with a focus on efficiency and minimizing off-hire days [47][74] Question: Current Rate Environment - The company is currently booking voyages at higher TCEs compared to previous averages, with expectations for a more meaningful recovery in Q4 [76][77] Question: Refinery Closures and Market Impact - Management noted that refinery closures are leading to increased ton miles and positively impacting the market dynamics [97][98]
Scorpio Tankers(STNG) - 2021 Q2 - Earnings Call Presentation
2021-08-05 13:55
Scorpio Tankers Inc. Second Quarter 2021 Earnings Presentation August 5, 2021 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, ...
Scorpio Tankers(STNG) - 2021 Q1 - Earnings Call Transcript
2021-05-08 03:08
Scorpio Tankers Inc. (NYSE:STNG) Q1 2021 Earnings Conference Call May 7, 2021 8:30 AM ET Company Participants Brian Lee – Chief Financial Officer Emanuele Lauro – Chief Executive Officer Robert Bugbee – President Lars Dencker Nielsen – Commercial Director James Doyle – Senior Financial Analyst Conference Call Participants Omar Nokta – Clarksons Platou Jon Chappell – Evercore ISI Greg Lewis – BTIG Randy Giveans – Jefferies Ken Hoexter – Bank of America Amit Mehrotra – Deutsche Bank Magnus Fyhr – H.C. Wainwri ...
Scorpio Tankers(STNG) - 2021 Q1 - Earnings Call Presentation
2021-05-07 16:55
Scorpio Tankers Inc. First Quarter 2021 Earnings Presentation May 7, 2021 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," "p ...
Scorpio Tankers(STNG) - 2020 Q4 - Annual Report
2021-03-31 21:24
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 x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 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 ...
Scorpio Tankers(STNG) - 2020 Q4 - Earnings Call Transcript
2021-02-18 20:04
Scorpio Tankers, Inc. (NYSE:STNG) Q4 2020 Results Conference Call February 18, 2021 8:30 AM ET Company Participants Brian Lee - Chief Financial Officer Emanuele Lauro - Chief Executive Officer Lars Dencker Nielsen - Commercial Director Robert Bugbee - President Cameron Mackey - Chief Operating Officer Dencker Nielsen - Commercial Director David Morant - Managing Director James Doyle - Senior Financial Analyst Conference Call Participants Ken Hoexter - Bank of America Omar Nokta - Clarksons Platou Securities ...
Scorpio Tankers(STNG) - 2020 Q4 - Earnings Call Presentation
2021-02-18 19:45
Scorpio Tankers Inc. Fourth Quarter and Full Year 2020 Earnings Presentation February 18, 2020 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," "esti ...