| --- | --- | |---------------------------------------------------------|------------------| | | | | | | | Teekay Tankers Third Quarter 2021 Earnings Presentation | November 4, 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 things, statements regarding: estimated impacts of ...

Teekay Tankers Ltd. (NYSE:TNK) Q3 2021 Earnings Conference Call November 4, 2021 12:00 PM ET Company Participants Ryan Hamilton - Head, Investor Relations Kevin Mackay - President and Chief Executive Officer Stewart Andrade - Chief Financial Officer Christian Waldegrave - Director, Research Conference Call Participants Jon Chappell - Evercore ISI Ken Hoexter - Bank of America Randy Giveans - Jefferies Magnus Fyhr - H.C. Wainwright Operator Welcome to Teekay Tankers LtdÂ's Third Quarter 2021 Earnings Results ...

| --- | --- | |----------------------------------------------------------|----------------| | | | | Teekay Tankers Second Quarter 2021 Earnings Presentation | August 5, 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 things, statements regarding: the Company's plans to refin ...

Financial Data and Key Metrics Changes - Teekay Tankers generated total adjusted EBITDA of approximately $16 million during Q1 2021, an increase of $6 million from Q4 2020 [7] - The company reported a total adjusted net loss of approximately $22 million or $0.65 per share in Q1 2021, an improvement from an adjusted net loss of $41 million or $1.21 per share in Q4 2020 [7][8] - Liquidity at the end of Q1 2021 was $372 million, with a net debt to capitalization ratio of 32% [8][23] Business Line Data and Key Metrics Changes - Spot tanker rates remained generally weak during Q1 2021 due to the ongoing impact of COVID-19, with global oil demand falling by around 1 million barrels per day [11] - Despite weak spot rates, Teekay Tankers managed to mitigate the impact through fixed rate time charters, particularly in the Suez Max fleet, where earnings reached around $16,800 per day compared to spot earnings of around $10,700 per day [12][13] Market Data and Key Metrics Changes - The first quarter saw 4.5 million deadweight tons of tankers returned to the trading fleet from floating storage, worsening the supply-demand imbalance [12] - The company noted that Aframax rates reached $20,000 per day on some trade routes in March due to temporary disruptions caused by bad weather and the Suez Canal blockage [12] Company Strategy and Development Direction - Teekay Tankers is focused on maintaining a strong balance sheet and reducing overall cost of capital, with plans to refinance vessels with lower-cost sale leaseback financings [8][24] - The company is optimistic about a market rebound starting in the second half of 2021, driven by improved global economic outlook and rising oil demand [16][21] Management's Comments on Operating Environment and Future Outlook - Management acknowledged ongoing uncertainties due to COVID-19 but expressed optimism about the long-term fundamentals supporting tanker market recovery [15][21] - The International Monetary Fund (IMF) has increased its forecast for global GDP growth in 2021, which is expected to positively impact oil demand [16] Other Important Information - Teekay Tankers has exercised purchase options on eight vessels, with transactions expected to close in May and September [9][24] - The company has a manageable debt repayment profile with no significant maturities until 2024 [25] Q&A Session Summary Question: How much of new debt do you foresee replacing the $186 million versus current liquidity? - Management indicated that they will refinance $140 million with new lower-cost leasebacks and use about $45 million of existing liquidity for the remainder [32] Question: What is the expected spread benefit from the new facilities? - The spread on the $140 million refinancing is about 5%, with expected interest savings of at least $8 million in 2022 [34] Question: How do you view the outlook for product tankers compared to crude tankers? - Management stated that the majority of exposure will remain in the crude space, with confidence in the fundamentals aligning for improvement [41] Question: Any appetite for signing time charters to stabilize cash flow? - Management is looking at opportunities on a case-by-case basis but has not seen favorable numbers to lock in for 12 months [44] Question: How much more is left in storage impacting rates? - Land-based storage is nearly back to normal levels, and floating storage is also close to normal, which is positive for future demand [49] Question: Do you see more chance of upside in the market? - Management believes fundamentals are pointing towards improvement, but they will remain cautious due to uncertainties [58]

| --- | --- | |---------------------------------------------------------|--------------| | | | | | | | Teekay Tankers First Quarter 2021 Earnings Presentation | May 13, 2021 | Forward Looking Statement This release 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: the Company's plans to finance, a ...

Table of Contents 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, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) ...

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