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CITI GLOBAL ENERGY CONFERENCE – Cheniere Energy, Inc.

Cheniere Energy, Inc. · Jun 5, 2012 · 26 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. CITI GLOBAL ENERGY CONFERENCE – Cheniere Energy, Inc. – slide 1
    Cheniere Energy Citi Global Energy Conference June 5, 2012
  2. CITI GLOBAL ENERGY CONFERENCE – Cheniere Energy, Inc. – slide 2
    Sabine Pass LNG Sabine Pass with Liquefaction Expansion 3
  3. CITI GLOBAL ENERGY CONFERENCE – Cheniere Energy, Inc. – slide 3
    Current Prices = 3B-4B of Spread for Each Bcf/d Worldwide Gas Prices = 11% to 15% of Crude Oil Estimated Prices Regional Natural Gas & LNG Prices Henry Hub: 3.00 / MMBtu /MMBtu As of May 30, 2012 Brent Crude: 100 / Barrel 20 18…
  4. CITI GLOBAL ENERGY CONFERENCE – Cheniere Energy, Inc. – slide 4
    Proposed SPL Project: Development Utilizing Existing Assets Current Facility 1,000 acres in Cameron Parish, LA 40 ft ship channel 3.7 miles from coast 2 berths; 4 dedicated tugs Existing 5 LNG storage tanks (17 Bcf of storage)…
  5. CITI GLOBAL ENERGY CONFERENCE – Cheniere Energy, Inc. – slide 5
    Contracted Capacity at SPL Sale and Purchase Agreements (SPAs) Long-term, take-or-pay style commercial contracts equating to 16 mtpa BG Gulf Coast LNG (1) Gas Natural Fenosa (1) Korea Gas Corporation (1) GAIL (India) Limited (1)…
  6. CITI GLOBAL ENERGY CONFERENCE – Cheniere Energy, Inc. – slide 6
    Proposed Financing Structure 6.5B total funding for Liquefaction Trains 1 & 2 and Creole Trail Acquisition Structuring to maintain 65/35 Debt to Equity ratio at Liquefaction Equity 2.0B CQP Class B Units 1.5B Blackstone 0.5B…
  7. CITI GLOBAL ENERGY CONFERENCE – Cheniere Energy, Inc. – slide 7
    Progress on Liquefaction Project Trains 1 & 2: Obtaining financing is last step prior to commencing construction Trains 3 & 4: Commercial contracts complete Target Date Milestone Trains 1 & 2 Trains 3 & 4 DOE export authorization…
  8. CITI GLOBAL ENERGY CONFERENCE – Cheniere Energy, Inc. – slide 8
    Strategic Focus: Projects under Development and Future Growth Sabine Pass LNG Exports 18.0 mtpa facility 2.6B Estimated EBITDA 90% under long-term, 20 yr. contracts Cheniere Marketing 2.0 mtpa LNG export volumes to be sold from…
  9. CITI GLOBAL ENERGY CONFERENCE – Cheniere Energy, Inc. – slide 9
    Cheniere Ranks Among Large Cap Midstream/Pipeline C-Corps by EBITDA with Sabine Liquefaction Contracts Chenieres EBITDA expected to be bolstered from Sabine Liquefaction contracts ( in millions) 2012E EBITDA 5,000 Chenieres…
  10. CITI GLOBAL ENERGY CONFERENCE – Cheniere Energy, Inc. – slide 10
    Appendix
  11. CITI GLOBAL ENERGY CONFERENCE – Cheniere Energy, Inc. – slide 11
    Current Organizational Structure NYSE Amex US: LNG 205 mm 2.25% Convertible Senior Unsecured Notes due 2012 100% Ownership Interest Creole Trail Pipeline Cheniere LNG, Inc. Other Pipeline Projects 100% Ownership Interest…
  12. CITI GLOBAL ENERGY CONFERENCE – Cheniere Energy, Inc. – slide 12
    Condensed Balance Sheets As of March 31, 2012 ( in MM) Cheniere Energy Other Cheniere Consolidated Partners, L.P. Energy, Inc. (1) Cheniere Energy, Inc. (2) Unrestricted cash and equivalents -- 440 440 Restricted cash and…
  13. CITI GLOBAL ENERGY CONFERENCE – Cheniere Energy, Inc. – slide 13
    Pro Forma Organizational Structure ( in millions) Cheniere Energy, Inc. (No Debt) (LNG) 1,500 Class B units (BX) Cheniere Energy Partners, L.P. 750 CQP Term Loan B (CQP) 500 Class B units (CEI) 550 Sr Secured 2,500…
  14. CITI GLOBAL ENERGY CONFERENCE – Cheniere Energy, Inc. – slide 14
    Summary Steady State Cash Flows Trains 1 & 2 (4) ( in millions) SPLNG CTPL SPL Contracted payments 250 980 Other cash received 10 130 Operating expenses (1) (50) (20) (150) EBITDA before intercompany 210 (20) 960 Intercompany…
  15. CITI GLOBAL ENERGY CONFERENCE – Cheniere Energy, Inc. – slide 15
    CEI Investing 500MM in CQP Class B Units for Liquefaction Pro forma Liquefaction financing and Aug 2012 maturity, CEI to be debt free CEI raised 800MM in net proceeds Pro forma debt structure(1) from equity offerings to strengthen…
  16. CITI GLOBAL ENERGY CONFERENCE – Cheniere Energy, Inc. – slide 16
    CQP to Purchase Creole Trail Pipeline CTPL infrastructure is critical to purchasing gas & providing Liquefaction services CQP to purchase CTPL for 300MM cash plus 12MM Class B Units CEI to use proceeds to pay down debt and for…
  17. CITI GLOBAL ENERGY CONFERENCE – Cheniere Energy, Inc. – slide 17
    Potential Links to Upstream Pipelines Creole Trail Pipeline Kinder Morgan Louisiana Pipeline Pine Prairie Natural Gas Pipeline Energy Center Liquidity Points Texas Gas Transco Z3 ANR Columbia Storage Florida Gas Z2 Texas…
  18. CITI GLOBAL ENERGY CONFERENCE – Cheniere Energy, Inc. – slide 18
    EPC Contract with Bechtel and Expansion Minimize Construction Costs and Risks Why Constructed one third of the worlds liquefaction - more than any other contractor Bechtel All Bechtel LNG facilities have been completed on time or ahead…
  19. CITI GLOBAL ENERGY CONFERENCE – Cheniere Energy, Inc. – slide 19
    Regulatory Approvals Received Strong Project Support First and only project in the Lower 48 with all key DOE and FERC approvals Very strong local support: Cameron Parish officials, Louisiana state and federal congressional…
  20. CITI GLOBAL ENERGY CONFERENCE – Cheniere Energy, Inc. – slide 20
    U.S. Natural Gas Markets US Gas Consumptions vs. Production US Proved Non-Producing Reserves Tcf Tcf 25.6 26 23.8 24.4 23.1 23.3 120 24 22.9 25.2 22.0 21.7 24.2 100 22 22.4 21.6 98 20 80 20.2 85 19.3 78 18 18.5 60 67…
  21. CITI GLOBAL ENERGY CONFERENCE – Cheniere Energy, Inc. – slide 21
    Strategically Located Extensive Market Access to Gas Lower 48 Recoverable Unconventional Primary Gas Sources for Sabine Pass Liquefaction Reserves (Tcf) Conventional Gulf Coast Onshore; Barnett; Haynesville; Bossier; Eagle Ford…
  22. CITI GLOBAL ENERGY CONFERENCE – Cheniere Energy, Inc. – slide 22
    Global Petroleum Demand Stationary Sources FSU Europe 0.9 MM b/d US & Canada 2.9 MM b/d 5 Bcf/d 2.2 MM b/d 17 Bcf/d 13 Bcf/d Mid East 2.8 MM b/d 17 Bcf/d Asia 6.9 MM b/d 41 Bcf/d Latin America Africa 2.3 MM b/d 1.2 MM…
  23. CITI GLOBAL ENERGY CONFERENCE – Cheniere Energy, Inc. – slide 23
    Global LNG Market LNG Importers - Price Indexation 2011 Global LNG Capacity: 37.5 Bcf/d Oil Products Algeria - 2.7 2011 Regional LNG Demand: 30 Bcf/d Natural Gas Norway - 0.6 Japan Crude Cocktail Egypt - 1.6 Qatar - 10.2 USA - 0.2…
  24. CITI GLOBAL ENERGY CONFERENCE – Cheniere Energy, Inc. – slide 24
    Firm Liquefaction Capacity Additions Nameplate Liquefaction Capacity 37 Bcf/d as of YE 2010 Bcf/d 44 Bcf/d by YE 2015 3.0 Middle East Gulf 2.5 Asia Pacific Atlantic Basin Gorgon T1 & Gassi Touil Papua New Guinea 2.0 Gorgon…
  25. CITI GLOBAL ENERGY CONFERENCE – 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 Total Gas & Power N.A. Chevron USA Capacity 1.0 Bcf/d 1.0 Bcf/d Fees (1) (2) Reservation Fee…
  26. CITI GLOBAL ENERGY CONFERENCE – Cheniere Energy, Inc. – slide 26
    CHENIERE ENERGY Cheniere Energy Contacts Katie Pipkin, Vice President Finance & Investor Relations (713) 375-5110 katie.pipkincheniere.com Nancy Bui, Director Finance & Investor Relations (713) 375-5280 nancy.buicheniere.com…

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