| --- | --- | --- | |----------------------------------------------------------------------|-------------------|-------| | | | | | | | | | Teekay Tankers Fourth Quarter and Annual 2020 Earnings Presentation | February 25, 2021 | | Forward Looking Statement This presentation contains forward-looking statements (as defined in Section 21E of the Securities Exchange Act of 1934, as amended) which reflect management's current views with respect to certain future events and performance, including, among other thi ...

Teekay Tankers Ltd. (NYSE:TNK) Q4 2020 Earnings Conference Call February 25, 2021 ET Company Participants Ryan Hamilton - Head, Investor Relations Kevin Mackay - President & Chief Executive Officer Stewart Andrade - Chief Financial Officer Conference Call Participants Jon Chappell - Evercore Ken Hoexter - Bank of America Randy Giveans - Jefferies Omar Nokta - Clarksons Platou Securities Operator Good day everyone. Welcome to Teekay Tankers Limited's Fourth Quarter and Fiscal 2021 Earnings Results Conference ...

Teekay Tankers Ltd. (NYSE:TNK) Q3 2020 Results Conference Call November 12, 2020 12:00 PM ET Company Participants Ryan Hamilton - Head, IR Kevin Mackay - President and CEO Stewart Andrade - CFO Christian Waldegrave - Director of Research Conference Call Participants Jon Chappell - Evercore Randy Giveans - Jefferies Ken Hoexter - Bank of America Operator Welcome to Teekay Tankers Ltd.Â's Third Quarter 2020 Earnings Results Conference Call. During the call, all participants will be in a listen-only mode. Afte ...

| --- | --- | |----------------------------------------------|-------------------| | | | | | | | Teekay Tankers Q3-2020 Earnings Presentation | November 12, 2020 | Forward Looking Statement This presentation contains forward-looking statements (as defined in Section 21E of the Securities Exchange Act of 1934, as amended) which reflect management's current views with respect to certain future events and performance, including, among other things, statements regarding: crude oil and refined product tanker mar ...

Teekay Tankers Ltd. (NYSE:TNK) Q2 2020 Earnings Conference Call August 13, 2020 12:00 PM ET Company Participants Ryan Hamilton - Head, Investor Relations Kevin Mackay - President & Chief Executive Officer Stewart Andrade - Chief Financial Officer Conference Call Participants Jon Chappell - Evercore Ken Hoexter - Bank of America Omar Nokta - Clarksons Platou Securities Randy Giveans - Jefferies J. Mintzmyer - Value Investor's Edge Operator Welcome to Teekay Tankers Limited Second Quarter 2020 Earnings Result ...

UNITED STATES ý ANNUAL REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2019 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR 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 ...

Financing Activities - The company completed a $156.6 million sale-leaseback financing transaction for six Aframax tankers, with daily rates ranging from $9,400 to $11,200[275]. - A working capital loan facility agreement was established, allowing for borrowings of up to $40.0 million, with an option to increase by an additional $15.0 million[272]. - The company expects to enhance liquidity by approximately $25 million from a $63.7 million sale-leaseback transaction for two Suezmax tankers[273]. - In November 2018, a sale-leaseback transaction for four vessels was completed, generating $84.7 million, with daily charter rates between $5,000 and $7,800[274]. - In September 2018, the company completed a $156.6 million sale-leaseback financing transaction for six vessels, structured as nine to 10-year bareboat charters at an average rate of approximately $9,900 per day[385]. - The company had total cash and cash equivalents of $54.9 million as of December 31, 2018, down from $71.4 million at the end of 2017[377]. - Total consolidated liquidity, including cash and undrawn credit facilities, was $66.7 million as of December 31, 2018, compared to $160.0 million at the end of 2017[378]. - The company reported a net cash flow used for financing activities of $3.4 million for the year ended December 31, 2018, a decrease of $175.0 million compared to the previous year[391]. - The company has access to $11.8 million under revolving credit facilities and a working capital loan facility providing up to $40 million, with an option to increase by an additional $15.0 million[84]. Revenue and Income - Revenues for the year ended December 31, 2018, were $720.1 million, an 84% increase from $391.3 million in 2017, while net revenues rose by 14% to $347.0 million[308]. - Consolidated income from vessel operations increased to $7.2 million for the year ended December 31, 2018, compared to $1.4 million in the prior year, representing a significant improvement[303]. - Net revenues increased to $347.0 million for 2018 from $303.4 million for 2017, representing an increase of 14.3%[325]. - The net loss for 2018 was $52.5 million, an improvement from a net loss of $58.0 million in 2017[345]. - The company recorded a net loss of $58.0 million for 2017, compared to a net income of $67.8 million for 2016[376]. Operating Expenses - Voyage expenses surged by 325% to $373.1 million in 2018, primarily due to changes in revenue recognition following the adoption of ASU 2014-09[308]. - Vessel operating expenses rose to $174.3 million for 2018 from $135.7 million for 2017, an increase of 28.5% primarily due to the addition of 18 vessels from the merger with TIL[325]. - General and administrative expenses rose to $36.5 million for 2018 from $29.5 million for 2017, an increase of 23.7%[328]. - Interest expense increased to $58.7 million for 2018 from $31.3 million for 2017, an increase of 87.3% primarily due to debt facilities from the merger[338]. - Freight tax and other expenses rose to $9.4 million in 2018, compared to $5.3 million in 2017, primarily due to increased freight tax expense estimates[344]. Market and Industry Trends - Crude tanker spot rates improved significantly in Q4 2018, with OPEC crude oil production rising to 33.0 million barrels per day, the highest since July 2017[311]. - The global tanker fleet grew by only 1.0% in 2018, the lowest since 2001, with 22.4 million deadweight tonnes removed due to high scrapping rates[313]. - The International Energy Agency (IEA) forecasts global oil demand growth of 1.4 million barrels per day in 2019, supported by new refining capacity of 2.6 million barrels per day[314]. - U.S. crude oil production reached a record high of 11.7 million barrels per day in Q4 2018, positively impacting tanker demand[311]. - The company expects total tanker fleet growth of approximately 3.5% in 2019, with a firmer freight rate environment leading to fewer vessels sold for scrap[313]. Regulatory and Compliance Risks - The company operates in politically unstable regions, which could adversely affect its business and financial condition due to potential disruptions in oil exploration and production[93]. - Cyber-attacks pose a risk to the company's operations, potentially disrupting business and leading to unauthorized data breaches[95]. - The shipping industry is subject to substantial environmental regulations, which may significantly increase operational expenses and limit operations[100]. - Compliance with climate change regulations could increase operating costs and adversely affect revenue generation and strategic growth opportunities[102]. - The company is subject to economic substance requirements in the EU, which could impact its operations and financial condition if compliance is not met[81]. Asset Management and Valuation - The carrying value of conventional tankers is $1,558,159, while their market value is $979,400, indicating a potential overstatement of asset values[409]. - As of January 1, 2019, no impairment was recognized on vessels despite their market values being below carrying values due to estimated future undiscounted cash flows being greater[407]. - The estimated useful life for conventional crude oil and product tankers is 25 years, affecting depreciation calculations[410]. - The company capitalizes a substantial portion of dry docking costs and amortizes them on a straight-line basis, impacting future financial statements[413]. Strategic and Operational Risks - The company may face challenges in realizing expected benefits from acquisitions, which could adversely affect financial performance[70]. - Increased operating costs could adversely affect the company's cash flows and financial condition, potentially decreasing earnings[76]. - Financing agreements may impose restrictions that could limit the company's ability to incur additional debt, pay dividends, or make acquisitions[78]. - The company faces risks related to compliance with financial covenants in debt agreements, which could lead to defaults if economic conditions deteriorate[79]. - The company must attract and retain skilled personnel, and increasing crew costs could adversely affect financial results if rates cannot be adjusted accordingly[108]. Shareholder and Corporate Governance - The average closing price of the company's Class A common stock must remain above $1.00 to avoid delisting from the NYSE, which could negatively impact liquidity and trading[110]. - Teekay Corporation's superior voting rights limit Class A common shareholders' influence over corporate matters, potentially leading to decisions not aligned with their interests[109].