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JANUARY 2013 CORPORATE PRESENTATION – Cheniere Energy, Inc.

Cheniere Energy, Inc. · Jan 7, 2013 · 25 slides

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Slides

  1. JANUARY 2013 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 1
    Cheniere Energy January 2013
  2. JANUARY 2013 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 2
    Summary Organizational Structure Cheniere Energy, Inc. (NYSE MKT: LNG) 100% Interest 100% Interest 100% Interest 100% Interest 57.5% Interest (1) Cheniere Cheniere Energy Cheniere Creole Corpus Christi Marketing, LLC Partners…
  3. JANUARY 2013 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 3
    Operating Assets Sabine Pass LNG Terminal Creole Trail Pipeline 4
  4. JANUARY 2013 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 4
    Contracted Capacity at SPLNG Third Party Terminal Use Agreements (TUAs) Long-term, 20 year take-or-pay style commercial contracts Total Gas & Power N.A. Chevron U.S.A. Inc. Capacity 1.0 Bcf/d 1.0 Bcf/d Fees (1) (2)…
  5. JANUARY 2013 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 5
    Projected Global LNG Demand Growth Regional LNG Import Outlook (mtpa)* From 303 mtpa (40 Bcf/d) in 2015 to 511 mtpa (68 Bcf/d) in 2030 3.5% CAGR 14 mtpa average growth (three 4.5 mtpa trains) Source: Facts Global Energy 6
  6. JANUARY 2013 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 6
    Compelling Price Advantage Current Prices = 2B-3B of Spread for Each Bcf/d Worldwide Gas Prices = 11% to 15% of Crude Oil Estimated Prices Regional Natural Gas & LNG Prices Henry Hub: 4.00 / MMBtu /MMBtu As of January 4, 2013…
  7. JANUARY 2013 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 7
    Sabine Pass Liquefaction Project Current Facility 1,000 acres in Cameron Parish, LA 40 ft ship channel 3.7 miles from coast 2 berths; 4 dedicated tugs Existing operational 5 LNG storage tanks (17 Bcf of storage) facility 5.3…
  8. JANUARY 2013 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 8
    LNG Sale and Purchase Agreements (SPAs) Trains 1-4 16 mtpa take-or-pay style commercial agreements 2.3B annual fixed fee revenue for 20 years BG Gulf Coast LNG Gas Natural Fenosa Korea Gas Corporation (1) GAIL (India) Limited…
  9. JANUARY 2013 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 9
    SPLNG Estimated Cash Flows (With Trains 14 Operational) ( in millions) Annualized Total 127 Chevron 133 SPL 285 Other 10 Total Revenues 555 Total Expenses (65) EBITDA (1) 490 Debt Service (2) (150) Distributable cash flow…
  10. JANUARY 2013 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 10
    SPL Estimated Cash Flows ( in millions) Trains 1-2 Trains 1-4 BG 520 725 Gas Natural 455 455 KOGAS - 550 GAIL - 550 Commodity payments, net (1) 125 275 Total Revenues 1,100 2,555 O&M, gas procurement & other (160) (270) SPLNG…
  11. JANUARY 2013 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 11
    Steady State Cash Flows ( in millions) Trains 1-2 Trains 1-4 Cheniere Energy Partners (NYSE MKT: CQP) Distributions from Sabine Pass Liquefaction 470 1,320 Distributions from Sabine Pass LNG 185 340 CQP expenses and other (15)…
  12. JANUARY 2013 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 12
    Future Developments/Opportunities Sabine Pass Liquefaction Facilities Trains 5 and 6 initiating permitting process Cheniere Marketing 2.0 mtpa LNG to be sold from SPL FOB and DES basis Corpus Christi LNG Exports 13.5 mtpa…
  13. JANUARY 2013 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 13
    Sabine Pass Liquefaction Project Trains 5&6 Status Update Total SPA represents 2.0 mtpa commencing with Train 5, 0.3B annual fixed fee revenue for 20 years, Bechtel has commenced preliminary engineering Regulatory process…
  14. JANUARY 2013 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 14
    CMI SPA Excess Volumes from Trains 1-4 at SPL CMI-SPL SPA provides CMI with up to 2 mtpa of LNG delivered FOB Sabine Pass starting with the initial production from Train 1 Maximum Annual Contract Quantity of up to 104 Tbtu/year from…
  15. JANUARY 2013 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 15
    Corpus Christi Liquefaction Project 13.5 mtpa Nameplate Plant (1.8 Bcf/d of exports) EPC Contracting Strategy: LSTK with Bechtel GE LM2500+ G4 gas turbine driven refrigerant compressors Three 4.5 mtpa nameplate liquefaction trains…
  16. JANUARY 2013 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 16
    Appendix
  17. JANUARY 2013 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 17
    Construction Completion Schedules Trains 1-4 2012 2013 2014 2015 2016 2017 2018 May-13 May-14 May-15 May-16 May-17 May-18 Nov-12 Dec-12 Nov-13 Dec-13 Nov-14 Dec-14 Nov-15…
  18. JANUARY 2013 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 18
    Timeline & Milestones Target Date Sabine Pass Corpus Milestone T1-2 T3-4 Christi Initiate permitting process (FERC & DOE) Commercial agreements 3Q13 EPC contract 4Q13 Financing commitments 1H13 1Q14 Regulatory approvals 1Q14…
  19. JANUARY 2013 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 19
    Creole Trail Pipeline CTPL expected to be modified for bi-directional flow to source natural gas supply for SPL 90MM of capex for 65MM of annual EBITDA CQP expected to purchase CTPL in due course Current Facility Delivery from…
  20. JANUARY 2013 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 20
    Strategically Located Extensive Market Access to Gas Lower 48 Recoverable Unconventional Reserves (Tcf) Primary Gas Sources for Sabine Pass Liquefaction Shale Conventional Gulf Coast Onshore; Barnett; Haynesville; Bossier; Eagle…
  21. JANUARY 2013 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 21
    Pro Forma CQP Ownership (in millions) CEI Blackstone Public Total Common units 12.0 - 27.5 39.5 Class B units 33.3 100.0 - 133.3 Subordinated units 135.4 - - 135.4 General partner 2% 6.3 - - 6.3 187.0 100.0 27.5 314.5 Percent of…
  22. JANUARY 2013 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 22
    Condensed Balance Sheets As of September 30, 2012 (in millions) Cheniere Energy Other Cheniere Consolidated Partners, L.P. Energy, Inc. (1) Cheniere Energy, Inc. (2) Unrestricted cash and equivalents - 215 215 Restricted cash…
  23. JANUARY 2013 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 23
    Summary Corporate Structure ( in millions) No Debt Cheniere Energy, Inc. 15% Temasek & RRJ (NYSE MKT: LNG) 2,000 Class B Units Corpus Christi Creole Trail Pipeline Cheniere Energy Partners, L.P. 1,500 Blackstone Liquefaction,…
  24. JANUARY 2013 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 24
  25. JANUARY 2013 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 25
    Investor Relations Contacts: Nancy Bui: Director, Investor Relations (713) 375-5280, nancy.buicheniere.com Christina Burke: Manager, Investor Relations (713) 375-5104, christina.burkecheniere.com

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