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CORPORATE PRESENTATION – Cheniere Energy, Inc.

Cheniere Energy, Inc. · Oct 10, 2013 · 37 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 1
    Cheniere Energy October 2013
  2. CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 2
    Summary Organizational Structure Cheniere Energy, Inc. (NYSE MKT: LNG) 100% Interest 100% Interest 100% Interest Cheniere Cheniere Energy Corpus Christi Marketing, LLC Partners GP, LLC 55.9% Interest (1) Liquefaction, LLC…
  3. CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 3
    Projected Global LNG Demand Growth Regional LNG Import Outlook (mtpa)* Europe 70 101 27 2015 2020 2030 Asia 356 Americas 254 196 20 15 21 2015 2020 2030 2015 2020 2030 Middle East/N. Africa 6 14 30 2015 2020…
  4. CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 4
    Chenieres LNG Export Facilities Offer Attractive Pricing for Global LNG Buyers Worldwide LNG Prices = 11% to 15% of Crude Oil Estimated Prices Regional Natural Gas & LNG Prices Henry Hub: 4.00 / MMBtu /MMBtu As of September 27,…
  5. CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 5
    Brownfield LNG Export Project Utilizes Existing Assets Trains 1-4 Fully Contracted, Under Construction Design production capacity is expected to be 4.5 mtpa per train Current Facility 1,000 acres in Cameron Parish, LA 40 ft ship…
  6. CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 6
    LNG Sale and Purchase Agreements (SPAs) 20 mtpa take-or-pay style commercial agreements 2.9B annual fixed fee revenue for 20 years BG Gulf Coast LNG Gas Natural Fenosa Korea Gas Corporation GAIL (India) Limited Total Gas & Power…
  7. CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 7
    Construction Completion Schedules Trains 1-4 2012 2013 2014 2015 2016 2017 2018 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55…
  8. CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 8
    Aerial View of SPL Construction September 2013 Train 1 Compressor Area T1 Train 2 Air Coolers Compressor Area T2 Cold Box Area Propane Condenser Foundations 9
  9. CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 9
    Corpus Christi Liquefaction Project Design production capacity is expected to be 4.5 mtpa per train Proposed 3 Train Facility HoustonNew Orleans 1,000 acres owned and/or controlled Corpus Christi 2 berths, 3 LNG storage tanks (10.1…
  10. CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 10
    Corpus Christi Liquefaction, LLC Competitive With Other Recent Liquefaction Projects Range of liquefaction project costs: 200 - 2,000+ per ton 1 Bcf/d of capacity = 1.5B to 15.0B+ Corpus Christi liquefaction project estimated costs…
  11. CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 11
    Regulatory Approvals LNG Export Projects DOE export approvals and FERC construction and operation approvals needed for Corpus Christi Liquefaction Trains 1-3 and Sabine Pass Liquefaction Trains 5&6 Corpus Christi Trains 1-3: Filed…
  12. CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 12
    FERC Applications Filed for Liquefaction Projects LNG Export Projects Pre-filing Date Application Date FERC Scheduling Recd Approval Notice Issued Sabine Pass Liquefaction T1-4 July 26, 2010 Jan. 31, 2011 Corpus Christi…
  13. CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 13
    U.S. DOE Applications for LNG Exports* ** Application filed = , FERC scheduling notice issued = Expected Order Date Applicant Received Date Non FTA Received to be Processed FERC Approval to Begin (1) Company Pre-Filing Process…
  14. 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. CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 15
    Timeline & Milestones Target Date SPL Corpus SPL Milestone T1-2 T3-4 Christi T5-6 Initiate permitting process (FERC & DOE) Commercial agreements T5: 2014 T6:2014 EPC contract 2013/14 2015 Financing commitments 2014 2015…
  16. CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 16
    Financial Estimates (includes SPL Trains 1-4 and Trains 1-6)
  17. CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 17
    CQP: SPLNG (Regas) Estimated Cash Flows Annualized ( in millions) Trains 1-4 Trains 1-6 Total 127 127 Chevron 133 133 SPL 290 305 Other 10 15 Total Revenues 560 580 Total Expenses (65) (75) EBITDA (1) 495 505 Interest Expense…
  18. CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 18
    CQP: SPL Estimated Cash Flows Expect 3X EBITDA: Debt Service Coverage And < 5X Debt: EBITDA ( in millions) Trains 1-4 Trains 1-6 Trains 1-4 (BG, Gas Natural, KOGAS, GAIL) 2,285 2,285 Total - 315 Centrica - 275 Train 6 Customer…
  19. CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 19
    CQP Forecasted Distributable Cash Flows Trains 1-4 Trains 1-6 ( in millions) SPLNG distributable cash flow 365 375 SPL distributable cash flow 1,435 2,205 CTPL distributable cash flow 30 30 CQP expenses (15) (15) Estimated total…
  20. CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 20
    CQP Outlook Visible Future Growth Contracted LNG Export Volumes (SPL) CQP Contracted Revenues Tbtu/yr MM 4,000 3,875 1,600 Cheniere Marketing Cheniere Marketing 1,328 T6 3,010 Train 6 1,200 3,000 T5 1,046 Train 5 T1-4 2,328…
  21. CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 21
    Cheniere Estimated Steady State Cash Flows ( in millions) Annualized Cheniere Energy, Inc. Trains 1-4 Trains 1-6 Distributions from CQP (1) 1,100 1,685 Management fees 50 65 CEI expenses and other (85) (85) Net Cash Flows 1,065…
  22. CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 22
    Summary Organizational Structure ( in millions) No Debt Cheniere Energy, Inc. (NYSE MKT: LNG) Corpus Christi CQP GP Cheniere Marketing Liquefaction (& IDRs) Cheniere Energy Partners, L.P. 58% Cheniere Energy, Inc. (1) 29%…
  23. CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 23
    Appendix
  24. CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 24
    Operating Assets Sabine Pass LNG Terminal Creole Trail Pipeline 26
  25. CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 25
    Contracted Capacity at SPLNG Third Party Terminal Use Agreements (TUAs) Long-term, 20 year take-or-pay style commercial contracts 253MM annual fixed fee revenue Total Gas & Power N.A. Chevron U.S.A. Inc. Capacity 1.0 Bcf/d 1.0…
  26. CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 26
    LSTK EPC Contract with Bechtel Minimize Construction Costs and Risks Bechtel was the EPC contractor for the regasification project at the Why Bechtel Pass LNG terminal, which was constructed on time and on budget Proven construction…
  27. CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 27
    Creole Trail Pipeline In May 2013, Cheniere Partners acquired CTPL from Cheniere Energy, Inc. for 480MM, and following the sale CTPL secured a 400 million senior secured term loan facility CTPL is fully contracted with expected…
  28. CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 28
    2012 Global LNG Supply & Demand LNG Importers - Price Indexation 2012 Global LNG Capacity: 37.3 Bcf/d Oil Products Alge ria - 2.7 2012 Global LNG Demand: 31.5 Bcf/d Natural Gas Norway - 0.6 Japan Crude Cocktail Eg ypt - 1.6 Qatar…
  29. CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 29
    U.S. Natural Gas Markets US Gas Consumptions vs. Production US Proved Non-Producing Reserves Tcf Tcf 30 25.7 24.4 25.5 23.1 23.3 24.1 120 22.0 22.9 25 21.7 100 113 24.0 24.0 20 22.9 98 20.6 21.3 80 19.3 20.2 85 15 18.1 18.5…
  30. CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 30
    Strategically Located Extensive Market Access to Gas Lower 48 Primary Gas Sources for Sabine Pass Liquefaction Recoverable Unconventional Reserves (Tcf) Conventional Gulf Coast Onshore; Barnett; Haynesville; Bossier; Eagle Ford…
  31. CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 31
    Multiple Local Pipeline Interconnections Provide Several Options for Access to Natural Gas Supply Cheniere Creole Trail Pipeline Trunkline Kinder Morgan Louisiana Pipeline NGPL Texas to Louisiana (bi-directional) Pine Prairie…
  32. CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 32
    Firm Liquefaction Capacity Additions Nameplate Liquefaction Capacity 37 Bcf/d as of YE 2012 49 Bcf/d by YE 2017 Bcf/d 3.00 2.75 Asia Pacific Gorgon T1, Curtis T1 & Donggi LNG Atlantic Basin Gassi Touil 2.50 Curtis T2 & PNG T2…
  33. CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 33
    Conversion of Class B and Subordinated Units Class B Units: Mandatory conversion: within 90 days of the substantial completion of Train 3 Optional conversion by a Class B unitholder may occur at any of the following times: After 83…
  34. CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 34
    Pro Forma CQP Ownership (in millions) CEI Blackstone Public Total Common units (1) 12.0 45.1 57.1 Class B units (1) 45.3 100.0 145.3 Subordinated units (1) 135.4 135.4 General Partner 2% 6.9 6.9 199.6 100.0 45.1 344.7 Percent…
  35. CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 35
    Condensed Balance Sheets As of June 30, 2013 (in millions) Cheniere Energy Other Cheniere Consolidated Cheniere (1) (2) Partners, L.P. Energy, Inc. Energy, Inc. Cash and cash equivalents - 397 397 Restricted cash and cash…
  36. CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 36
  37. CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 37
    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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