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APRIL 2010 CORPORATE PRESENTATION – Cheniere Energy, Inc.

Cheniere Energy, Inc. · Apr 12, 2010 · 18 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. APRIL 2010 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 1
    CHENIERE ENERGY Cheniere Energy Corporate Presentation April 2010
  2. APRIL 2010 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 2
    Cheniere Business Segments Cheniere Cheniere Energy Energy Terminals Terminals Pipelines Pipelines Marketing Marketing Sabine Pass LNG (SPLNG) (90.6%) Creole Trail P/L (100%) 2.0 Bcf/d SPLNG TUA Freeport LNG (30%) Approved…
  3. APRIL 2010 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 3
    Sabine Pass LNG Cheniere Energy, Inc. 90.6% Aerial view of Sabine Pass LNG Vaporization 4.3 Bcf/d peak send-out Storage 5 tanks x 160,000 cm (16.9 Bcfe) Berthing / Unloading Two docks LNG carriers up to 266,000 cm Four…
  4. APRIL 2010 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 4
    Creole Trail Pipeline Cheniere Energy, Inc. 100% Provides optimal market access for LNG from the Sabine Pass terminal First 94 miles complete and in-service, additional 58 miles permitted Size: 2.0 Bcf/d Diameter: 42-inch…
  5. APRIL 2010 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 5
    Freeport LNG Development, L.P. Cheniere Energy, Inc. 30% April 2009 Sold Terminal Use Capacity Estimated Annual Agreement (TUA) (Bcf/d) Distribution to Cheniere* Conoco 0.90 Dow 0.50 8 - 12MM Mitsubishi 0.15 *Quarterly cash…
  6. APRIL 2010 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 6
    Strategic Focus Commercial monetize 2 Bcf/d regas capacity at Sabine Pass receiving terminal held by Cheniere Marketing International LNG marketing efforts Seek long-term TUAs, LNG purchase/sale agreements Purchase spot cargoes…
  7. APRIL 2010 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 7
    J.P. Morgan Arrangement Cheniere and J.P. Morgan join LNG marketing efforts CMI provides all services related to: sourcing deals and negotiating contracts, purchasing, transporting, receiving, storing, regasifying and selling…
  8. APRIL 2010 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 8
    Supply and Demand Trends Supply and Demand Trends Bcf/d(e) MTA 200 24.2 180 160 140 120 15 100 80 60 7 40 20 2 0 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 Asia Pacific Europe Americas Supply Source: Poten 9
  9. APRIL 2010 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 9
    YoY Change in Supply Trends Well-below Average for Second Year 18% 16% Schedule slippage, 14% Skikda underperformance Explosion 12% FMs, Maintenance 10% 8% 6% 4% 2% 0% 2000 2001 2002 2003 2004 2005…
  10. APRIL 2010 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 10
    11 -4 -2 0 2 4 6 8 Abud Dhabi Algeria Australia Brunei Source: Poten Egypt E Guinea Indonesia Libya Malaysia Nigeria Norway Oman Qatar Export Variance 09 v 08 by production losses Trinidad Supply…
  11. APRIL 2010 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 11
    2009 Anomaly Europe Oversupplied but LNG Imports Up Recession induced demand reduction 4 Bcf/d But LNG Imports Up 1 Bcf/d YOY Bcf Mediterranean vs NW Europe LNG Imports 180 Med 160 - 1.5% 140 (-7 cargoes, despite addition of…
  12. APRIL 2010 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 12
    LNG Spot Trade Growth Trend in Diversion of Flexible Term Supply Bcf/d 20% 4.3 4.5 4.0 18% 4.0 16% 3.3 3.5 3.2 14% 3.0 Percent of 12% Total Trade 2.4 2.5 10% 2.0 1.8 2.0 8% 1.2 1.5 6% 1.1 1.1 0.8 0.8 0.7 1.0 4%…
  13. APRIL 2010 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 13
    Spot Buying By Region Spot Concentrated in Atlantic Traditionally Rapid Shift to Asia and Back Extreme Price Movements 100% 90% 20/MMBTU 80% 70% % Total Spot 60% 50% 40% 30% 20% 10% 7/MMBTU 0% 2001 2002 2003 2004…
  14. APRIL 2010 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 14
    Spot LNG By Destination Region Loose Gradual Tightening Loose 100% 90% 80% 70% Traded 60% Liquid Markets 50% 40% 30% 20% 10% 0% 2005 2006 2007 2008 2009 JKT Emerging Asia Mediterranean Other Americas US NW…
  15. APRIL 2010 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 15
    16 - 2 4 6 8 10 12 14 16 18 20 22 MT 08Q1 08Q2 08Q3 08Q4 09Q1 09Q2 09Q3 09Q4 Source: Cheniere Research 10Q1 10Q2 10Q3 10Q4 11Q1 11Q2 11Q3 11Q4 12Q1 12Q2 12Q3 12Q4 13Q1 13Q2 13Q3 Capacity Additions…
  16. APRIL 2010 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 16
    Estimated Future Cash Flows Cheniere Energy, Inc. ( in MM) Annualized* Receipts Freeport investment 8-12 Distributions from CQP 254 Management fees from CQP 19 Disbursements Cheniere Marketing TUA Sabine Pass 252 G&A 30-40…
  17. APRIL 2010 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 17
    Estimated Future Cash Flows Cheniere Energy Partners ( in MM) Annualized* Receipts TUA Customers 503 Disbursements Operating Expenses 34 Management Fees 19 Debt Service 165 Distributable Cash 285 Distributions to…
  18. APRIL 2010 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 18
    Organizational Structure NYSE Amex US: LNG 205 mm 2.25% Convertible Senior Unsecured Notes due 2012 100% Ownership Interest 400 mm 9.75% Term Loan due 2012 Cheniere LNG Holdings, LLC 294 mm 12.0% Convertible Senior Secured…

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