Scorpio Tankers Inc.

Hello and welcome to the Scorpio Tinkers Inc. second quarter 2023 conference call. I would now like to turn the call over to James Doyle, head of corporate development and IR. Please go ahead, sir.

Thank you for joining us today. Welcome to the Scorpio Tinkers second quarter 2023 earnings conference call. On the call with me today are Emanuele Oro, chief executive officer Robert Bugbee, President, Cameron Mackey, Chief Operating Officer, Brian Lee, Chief Financial Officer, and Chris Abella, Chief Accounting Officer. Earlier today, we issued our second quarter earnings press release, which is available on our website, ScorpioTankers.com. The information discussed on this call is based on information as of today, August 2nd, 2023, and may contain forward-looking statements that involve risk and uncertainty. Actual results may differ materially from those set forth in such statements. For discussion of these risks and uncertainties, you should review the forward-looking statement disclosure in the earnings press release, as well as Scorpio Tankers SEC filings, which are available at scorpiotankers.com and sec.gov. Call participants are advised that the audio of this conference call is being broadcasted live on the internet and is also being recorded for playback purposes. An archive of the webcast will be made available on the investor relations page of our website for approximately 14 days. We will be giving a short presentation today. The presentation is available at scorpiotankers.com on the investor relations page under reports and presentation. The slides will also be available on the webcast. After the presentation, we will go to Q&A. For those asking questions, please limit the number of questions to two. If you have an additional question, please rejoin the queue. Now, I'd like to introduce our Chief Executive Officer, Emmanuel Iwora.

Emmanuel Iwora Thank you, James, and thank you for joining us today, everybody. We're pleased to report another quarter of strong financial results. In the second quarter, the company generated $235 million in EBITDA and $133 million in adjusted net income. The product anchor market has been and continues to remain strong, and to put this into context, over the last six quarters, the company has generated $1.6 billion in EBITDA and $1 billion in adjusted net income, during which we have reduced our leverage by $1.3 billion, and we purchased 582 million of the company shares. Deleveraging and returning capital to shareholders has been our primary focus. In the second quarter, we repurchased $260 million of the company shares, which is almost half of our total repurchases since July 2022. The increase in share repurchases reflects the progress we have made on deleveraging and refinancing the balance sheet. We view the repurchases as valuable for our shareholders given that the shares are trading at a large discount to the company's net asset value. Our balance sheet continues to improve. Today, we have $683 million in liquidity. In July, we closed our $1 billion term loan and revolving credit facility. We are in the process of closing a new $94 million credit facility. These new facilities combined lower the company's interest margin, accelerate the repurchases of more expensive lease financing, and increase the financial flexibility of the company. Looking forward, we expect low global inventories, robust demand, and limited fleet growth to support strong product anchor fundamentals. We would like to thank you for your continued support, and I would like now to turn the call over to James for a brief presentation. James?