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Page 1: This presentation may contain forward looking statements ... · This presentation may contain forward looking statements. These statements are based upon various assumptions, many
Page 2: This presentation may contain forward looking statements ... · This presentation may contain forward looking statements. These statements are based upon various assumptions, many

This presentation may contain forward looking statements. These statements are based upon various assumptions, many of which are based,

in turn, upon further assumptions, including Team Tankers International’s management's examination of historical operating trends. Although

Team Tankers International (the “Company”) believes that these assumptions were reasonable when made, because assumptions are

inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond its control, the

Company cannot give assurance that it will achieve or accomplish these expectations, beliefs or intentions.

Important factors that, in the Company's view, could cause actual results to differ materially from those discussed in this report include the

strength of world economies and currencies, general market conditions including fluctuations in charter hire rates and vessel values, changes

in demand in the chemical tanker market, changes in the Company's operating expenses including bunker prices, dry-docking and insurance

costs, changes in governmental rules and regulations or actions taken by regulatory authorities, 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 filed by the Company. Neither Team Tankers International nor any other

person assumes responsibility for the accuracy and completeness of the forward-looking statements.

Page 3: This presentation may contain forward looking statements ... · This presentation may contain forward looking statements. These statements are based upon various assumptions, many

External managers in close cooperation with in-house team:

Selandia (16 vessels).

V-Ships (14 vessels).

Thome (10 vessels).

Benchmarking of cost and performance.

Access to wide crew pool (~1,300 seafarers in the Company’s pool).

Strong focus on optimizing operations in all disciplines.

Vessel operating expenses reduced.

Technical condition of the fleet improved.

Unplanned off-hire reduced.

Claims ratios under insurance policies reduced.

Oil major vetting performance improved.

43 Vessels (33 owned, 10 charters, of which 8 bareboat and 2 time charter).

Fleet average age of 10 years.

42 % Stainless Steel / 58 % Coated.

80 onshore employees.

73 % Book equity ratio.

$136 million in liquidity.*

Capacity to leverage existing fleet.

* Cash plus undrawn credit of $50 million, as of year-end 2015.

479

100

50

140

100

200

300

400

500

Book valueend Q3'15,owned fleet

Total Debt Net debt

LTV: 21%

Page 4: This presentation may contain forward looking statements ... · This presentation may contain forward looking statements. These statements are based upon various assumptions, many

How is value created for new investors?

Page 5: This presentation may contain forward looking statements ... · This presentation may contain forward looking statements. These statements are based upon various assumptions, many

Only listed pure play Chemical Tanker Company.

Have built a global commercial network, enabling TEAM to maximize utilization and efficiency of the fleet.

Strong balance sheet, good compliance culture and excellent financial controls will supports growth and consolidation moves.

Actively refocusing TEAM’s fleet; in last two quarters we have sold/contracted to sell 5 ships at around book value, acquired or contracted to acquire 3 ships, and committed to time charter in 4 additional ships.

Page 6: This presentation may contain forward looking statements ... · This presentation may contain forward looking statements. These statements are based upon various assumptions, many

New orders mainly larger deep sea vessels (% of existing fleet):

On first impression it looks quite benign, but the devil is in the details.

4% 3%2%

5%6%

8% 8% 8%

11%11%

4% 4%2%

-1% -1%

-3%

7%

4%

1%

-20%

-10%

0%

10%

20%

-5.0

-2.5

0.0

2.5

5.0

Fle

et g

row

th %

Flee

t M

dw

t

Est. Deletions/Exclusions Deletions Entries Est. Entries Fleet Growth % Source: Team Tankers International, Drewry.

Page 7: This presentation may contain forward looking statements ... · This presentation may contain forward looking statements. These statements are based upon various assumptions, many

Coated Stainless Steel

Deep SeaGROW

17% orderbook(18-54k dwt)

EXIT39% orderbook

(18-54k dwt)

RegionalGROW

2% orderbook(0-18k dwt)

GROW6.5% orderbook

(0-18k dwt)

18,000

Growth focused on business where TEAM has a strong position and where the orderbook is low to moderate.

Page 8: This presentation may contain forward looking statements ... · This presentation may contain forward looking statements. These statements are based upon various assumptions, many

To create value for investors in the chemical tanker trade you need to acquire assets at good prices and outperform your competitors.

Being a tonnage provider in the chemical tanker trade is not a viable long term strategy.

Customer relations and COA’s enable you to outperform.

An operator needs scale and interchangeability of assets to win contracts and optimize their execution.

An operator needs cleaning and hazardous products handling knowledge to be able to carry a wide range of products to optimize revenue and utilization.

Page 9: This presentation may contain forward looking statements ... · This presentation may contain forward looking statements. These statements are based upon various assumptions, many

Organic chemicals22%

Inorganic chemicals25%

Veg.oils13%

CPP/DPP40%

We beat the industry earnings benchmarks in our chosen businesses.

We have blue-chip customer support with 30 % COA coverage, many on evergreen basis, and additional volumes from preferred supplier relationships.

300 different products carried for our customers in 2015.

Coated Stainless Steel

Deep SeaTEAM Top 10 player.

Intention to add scale.No scale. Exit.

RegionalFully interchangeable fleet.

A leading player world wide.

Fully interchangeable fleet.The leading player in

Cont./Med.

18,000

Page 10: This presentation may contain forward looking statements ... · This presentation may contain forward looking statements. These statements are based upon various assumptions, many

Transpacific West Volume: 320,000mt (5%)COA cover: 30%Products: Organic ChemicalsEnd-use: PVC, paint, construction and car industry

Transpacific EastVolume: 195,000mt (4%)COA cover: 20%Products: Organic Chemicals and VegoilsEnd-use: SM prod.plant, Human consumption, Biofuels

Med/Cont CPPVolume: 745,000mt (12%)COA cover: 0%Products: CPPEnd-use: Petrol, Diesel, Diesel blending

USG/EC Canada/CaribsVolume: 485,000mt (8%)COA cover: 60%Products: Inorganic/Organic Chemicals, CPP, VegoilsEnd-use: Paper industry, Detergents, Biodiesel blend

USG/EC MexicoVolume: 310,000mt (5%)COA cover: 85%Products: Organic ChemicalsEnd-use: Plastic production

USG/CarribsVolume: 855,000mt (9%)COA cover: 0%Products: CPP, VegoilEnd-use: Petrol, Diesel, Diesel blending, Human consumption

South AsiaVolume: 390,000mt (6%)COA cover: 90%Products: VegoilEnd-use: Biofuel blending

Med/ContVolume: 930,000mt (15%)COA cover: 0%Products: DPPEnd-use: Power Plants, Refineries, Bunker supply

Med/Cont & Med/WAF/ContVolume: 2,384,000mt (37%)COA cover: 65%Products: Inorganic/Organic Chemicals, VegoilsEnd-use: Fertilizers, Detergents, Food industry, Industrial cleaner

Presentation of TEAM’s chosen businesses, which represents 70% of total trade volume in 2015.

Page 11: This presentation may contain forward looking statements ... · This presentation may contain forward looking statements. These statements are based upon various assumptions, many

Free liquidity*76

Committed49

Equity for new investments

225

Committed sales15

Planned sales50

New debt potential (60% LTV)

133

0 50 100 150 200 250 300

Uses

Sources

*Free liquidity is calculated based

on a cash buffer of $60 million.

Assuming 60% debt leverage on existing and aquired assets, TEAM’s investment capacity is in excess of $550 million.

Page 12: This presentation may contain forward looking statements ... · This presentation may contain forward looking statements. These statements are based upon various assumptions, many