Investor Presentaiton

OpEx / calendar day TCE / operating day Annual Financial Overview Fleet TCE / Operating Day1 Adjusted EBITDA1 $250 $60,000 $55,087 $49,665 $50,000 $40,000 $30,000 $22,037 $21,966 $21,746 $20,000 $10,000 FY15 FY16 $204.9 $200 $42,798 FY17 FY18 FY19 FY20 Vessel Operating Expense / Calendar Day¹ millions $150 $100 $47.3 $50 $83.3 $74.5 $64.4 FY15 FY16 FY17 FY18 FY19 FY20 Net Debt to Capitalization² $12,000 $10,703 45% $10,000 42.9% $8,877 $8,581 $8,233 $8,329 43% $8,009 $8,000 41% $6,000 $8,359 39% $4,000 $8,175 $8,008 $8,205 $2,000 41.1% 40.8% 39.7% 37% NM 35.3% $58 $1 $124 $518 35% FY15 FY16 FY17 FY18 FY19 FY20 FY15 FY16 FY17 FY18 FY19 FY20 DD/SS costs OpEx 1. Refer to SEC filings for definitions 26 2. Net Debt defined as (Total Debt - Cash Restricted Cash - Short-term Investments); Net Debt to Capitalization defined as (Net Debt / Net Debt + Shareholders' Equity) $232.8

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