Scorpio Tankers : Capital Link Webinar Presentation

Scorpio Tankers Inc. Capital Link Webinar Series

January 9, 2023

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," "project," "plan,"

"potential," "may," "should," "expect" and similar expressions identify forward-looking statements. The forward-looking statements in this presentation are based upon various assumptions, many of which are

based, in turn, upon further assumptions, including without limitation, management's examination of historical operating trends, data contained in Scorpio's records and other data available from third parties. Although Scorpio believes that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond Scorpio's control, Scorpio cannot assure you that it will achieve or accomplish these expectations, beliefs, projections or future financial performance.

Risks and uncertainties include, but are not limited to, the failure of counterparties to fully perform their contracts with Scorpio, the strength of world economies and currencies, general market conditions, including fluctuations in charter hire rates and vessel values, changes in demand in the tanker vessel markets, changes in Scorpio's operating expenses, including bunker prices, drydocking and insurance costs, the fuel efficiency of our vessels, the market for Scorpio's vessels, availability of financing and refinancing, charter counterparty performance, ability to obtain financing and comply with covenants in such financing arrangements, changes in governmental and environmental rules and regulations or actions taken by regulatory authorities including those that may limit the commercial useful lives of tankers, potential liability from pending or future litigation, general domestic and international political conditions, potential disruption of shipping routes due to accidents or political events, and other important factors described from time to time in the reports Scorpio files with, or furnishes to, the Securities and Exchange Commission, or the Commission, and the New York Stock Exchange, or NYSE. Scorpio undertakes no obligation to update or revise any forward-looking statements. These forward-looking statements are not guarantees of Scorpio's future performance, and actual results and future developments may vary materially from those projected in the forward-looking statements

This presentation describes time charter equivalent revenue, or TCE revenue, which is not a measure prepared in accordance with IFRS (i.e. a "Non-IFRS" measure). TCE revenue is presented here because we believe that it provides investors with a means of evaluating and understanding how the Company's management evaluates the Company's operating performance. This Non-IFRS measure should not be considered in isolation from, as a substitute for, or superior to financial measures prepared in accordance with IFRS.

The Company believes that the presentation of TCE revenue is useful to investors because it facilitates the comparability and the evaluation of companies in the Company's industry. In addition, the Company believes that TCE revenue is useful in evaluating its operating performance compared to that of other companies in the Company's industry. The Company's definition of TCE revenue may not be the same as reported by other companies in the shipping industry or other industries. See appendix for a reconciliation of TCE revenue to revenue, please see the Appendix of this presentation.

Unless otherwise indicated, information contained in this presentation concerning Scorpio's industry and the market in which it operates, including its general expectations about its industry, market position,

market opportunity and market size, is based on data from various sources including internal data and estimates as well as third party sources widely available to the public such as independent industry publications, government publications, reports by market research firms or other published independent sources. Internal data and estimates are based upon this information as well as information obtained from trade and business organizations and other contacts in the markets in which Scorpio operates and management's understanding of industry conditions. This information, data and estimates involve a number of assumptions and limitations, are subject to risks and uncertainties, and are subject to change based on various factors, including those discussed above. You are cautioned not to give undue weight to such information, data and estimates. While Scorpio believes the market and industry information included in this presentation to be generally reliable, it has not independently verified any third-party information or verified that more recent information is not available.

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The Company

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Scorpio Tankers at a Glance

Key Facts

• Scorpio Tankers Inc. ("Scorpio") is the world's largest product tanker owner, providing marine transportation of refined petroleum products (gasoline, diesel, jet fuel and naphtha) to a diversified blue-chip customer base
• NYSE-listedunder the ticker ("STNG")
• The Company's fleet consists of 113 wholly owned, finance leased or bareboat chartered-in tankers
• Vessels employed in well-established Scorpio pools with a strong track record of outperforming the market
• Headquartered in Monaco, Scorpio is incorporated in the Marshall Islands and is not subject to US income tax
• Diversified blue-chip customer base

Fleet Overview

113 Product Tanker Vessels on the Water

14x	60x	39x
Handymax	MR	LR2
(25,000 - 39,999 dwt)	(40,000 - 59,999 dwt)	(80,000 - 120,000 dwt)

Average Age of Fleet:

7.0 Years

Attractive Mix of

Modern HM, MR and LR2 Vessels

Scrubber Fitted Vessels:

86 vessels1

90% of Fleet Built at

Leading Korean Shipyards2

1) As of November 1, 2022.	4
2) Includes Tankers built at Hyundai's Vinashin yard in Vietnam

Investment Highlights

Company

• One of the largest product tanker fleets in the world
• • 131 Eco (fuel-efficient) vessels on the water
• Fully delivered fleet with an average age of 7.0 years
• • No newbuildings on order = $0 newbuild capex
• Significant Operating Leverage
• • A $10,000/day increase in average daily rates would generate ~$412 million of incremental annualized cash flow (1)

Industry & Outlook

• Significant increase in product tanker rates since Q1-22
• Robust product demand and low inventories has led to record levels of seaborne exports
• Refinery closures and additions continue to reshape global trade flows and increase ton miles
• Limited fleet growth with record low orderbook and ageing fleet
• Seaborne exports and ton mile demand expected to outpace supply over next two years leading to favorable

Strategy

• Reduce leverage, maintain liquidity and return to capital shareholders
• Strong Balance Sheet
• • $1.3 billion debt reduction in 2022
  • $491 million of liquidity as of October 28, 2022
• Share repurchases preferred over dividends when trading a significant discount to NAV
• • Repurchased 4.9 million of its common shares for $191.2 million since July 2022

1) Based on utilization of 113 vessels and utilization of 365 days per year	5