International Seaways(INSW) - 2023 Q4 - Earnings Call Presentation

Forward-Looking Statements Captured Strong Asset Prices with Vessel Sales of older vintage • During 2023, sold 3x 2008-built MR for net proceeds after debt repayment of $39 million; of which 2x in Q4 2023 • Asset sales in 2023 represent an average IRR of 80% since acquisition Included in this presentation are certain non-GAAP financial measures, including Time Charter Equivalent ("TCE") revenue, Adjusted Net Income, EBITDA, Adjusted EBITDA, free cash flow and total leverage ratios, designed to complement th ...