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JUNE 2011 CORPORATE PRESENTATION – Cheniere Energy, Inc.

Cheniere Energy, Inc. · Jun 10, 2011 · 30 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. JUNE 2011 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 1
    Cheniere Energy, Inc. Corporate Presentation June 2011
  2. JUNE 2011 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 2
    Cheniere Operations Cheniere is engaged in the development, construction and operation of LNG terminals and pipelines and marketing of LNG and natural gas Sabine Pass LNG became operational in 2008 and cost 1.6B, send-out capacity…
  3. JUNE 2011 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 3
    Stable Contracted Revenues at SPLNG Fully contracted capacity under three long-term Terminal Use Agreements (4) Total Gas & Power N.A. Chevron USA Cheniere Energy Investments Capacity 1.0 Bcf/d 1.0 Bcf/d 2.0 Bcf/d Fees (1)…
  4. JUNE 2011 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 4
    CHENIERE ENERGY Liquefaction Project
  5. JUNE 2011 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 5
    Strategic Focus: Liquefaction Expansion Project Cheniere is developing a project to add liquefaction trains, transforming the Sabine Pass LNG facility into the first bi-directional LNG terminal that can import & export LNG Proposing…
  6. JUNE 2011 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 6
    Proposed Liquefaction Project will Transform Sabine into Bi-directional Import / Export Facility Current Facility 853 acres in Cameron Parish, LA 40 ft ship channel 3.7 miles from coast Existing 2 berths; 4 dedicated tugs…
  7. JUNE 2011 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 7
    Bi-directional Service at Sabine Pass Provides Opportunity to Arbitrage Henry Hub vs. Oil Worldwide LNG prices predominantly based on oil prices = 10 - 25 / MMBtu LNG Contract Price Indexation % 11% 15% at 90/bbl 9.90 13.50 at…
  8. JUNE 2011 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 8
    Unconventional Plays Comparative Rates of Return 9 Source: Bentek Energy
  9. JUNE 2011 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 9
    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…
  10. JUNE 2011 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 10
    Strategically Located Multiple Pipeline Interconnects Cheniere Cheniere Creole Creole Trail Trail Pipeline Pipeline 2.0 2.0 Bcf/d Bcf/d Kinder Kinder Morgan Morgan Louisiana Louisiana Pipeline Pipeline 3.2 3.2 Bcf/d…
  11. JUNE 2011 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 11
    Sabine Pass Liquefaction Project - Brownfield Development, Lower Expected Capital Costs Range of liquefaction project costs: 200 - 2,000 per ton Cost: /ton 1 Bcf/d of capacity = 1.5 B to 9 B 2000 Sabine Pass Liquefaction project…
  12. JUNE 2011 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 12
    ConocoPhillips-Bechtel Global LNG Collaboration Collaboration projects onstream ahead of schedule and exceeded expectations Proven Designs 1969 1999 2006 2007 2012 Source: ConocoPhillips, Bechtel 13 Note: Past results not a…
  13. JUNE 2011 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 13
    LNG Regulatory Process Update and Project Support Very strong local support: Cameron Parish officials, Louisiana state and federal congressional delegations, parish & state agencies Strong support from most gas producing states…
  14. JUNE 2011 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 14
    Commercial Structure: Estimated Terms of Liquefaction Contracts Summary of Estimated LNG Processing Capacity Fees: Capacity Reservation Fee: Approximately 1.75/MMBtu Take-or-Pay, permits lifting or unloading cargoes Fixed fee…
  15. JUNE 2011 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 15
    Customer MOUs Signed to Date* Date Customer Rating Capacity (mtpa) Nov-10 Morgan Stanley (US) A2 / A 1.7 Oct-10 ENN Energy Holdings (China) Ba1 / BBB- 1.5 Nov-10 Gas Natural Fenosa (Spain) Baa2 / BBB 1.5 Jan-11 EDF (France) A3 /…
  16. JUNE 2011 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 16
    Estimated Financial Impact - Liquefaction Project (Annualized) Cheniere expected to benefit from distributions received through its CQP ownership and management contracts, and fees paid to Creole Trail Pipeline Contracted…
  17. JUNE 2011 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 17
    Expected Timeline Milestone Target Date Sign MOUs with interested parties Completed DOE export authorization Received Definitive commercial agreements Mid 2011 EPC contract 2H2011 Financing commitments 2H2011 FERC construction…
  18. JUNE 2011 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 18
    CHENIERE ENERGY Financial Overview (All numbers reflect pre-Liquefaction financials)
  19. JUNE 2011 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 19
    Estimated LNG Net Cash Flows* Annualized estimates pre-Liquefaction Project Cash receipts expected to increase from CQP driven by Liquefaction Project - unit distributions, management fees and Creole Trail P/L tariffs Receipts…
  20. JUNE 2011 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 20
    Estimated CQP Distributable Cash Flows Annualized estimates pre-Liquefaction Project Receipts TUAs Chevron and Total 253 Other Services 7 Total Cash Receipts 260 Costs Operating, G&A, Maintenance CapEx 46 Debt Service 165 Total…
  21. JUNE 2011 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 21
    CQP Ownership (in mm) Cheniere, Inc. Public Total Common Units 10.9 15.6 26.5 Subordinated Units 135.4 - 135.4 General Partner 2% 3.3 - 3.3 149.6 15.6 165.2 Percent of total 90.5% 9.5% 100% Currently, CQP generates…
  22. JUNE 2011 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 22
    Condensed Balance Sheets As of March 31, 2011 ( in MM) Cheniere Energy Other Cheniere Consolidated Partners, L.P. Energy, Inc. (1) Cheniere Energy, Inc. (3) Unrestricted cash and equivalents - 24 24 - Restricted cash and…
  23. JUNE 2011 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 23
    CHENIERE ENERGY Appendix
  24. JUNE 2011 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 24
    Cheniere Overview Cheniere Cheniere Energy Energy Cheniere Cheniere Energy, Energy, Inc. Inc. NYSE NYSE Amex Amex US: US: LNG LNG Partners, Partners, L.P. L.P. NYSE NYSE Amex Amex US: US: CQP CQP 88.5% (LP…
  25. JUNE 2011 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 25
    Organization Structure and Existing Debt NYSE Amex US: LNG 205 mm 2.25% Convertible Senior Unsecured Notes due August 2012 100% Ownership Interest 298 mm 9.75% Term Loan due May 2012 Cheniere LNG Holdings, LLC 270 mm 12.0%…
  26. JUNE 2011 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 26
    Global LNG Market LNG Importers Price Indexation Oil Products 2010 Total Global LNG Capacity 37 Bcf/d Natural Gas 2010 Regional LNG Demand 30 Bcf/d Algeria - 2.7 JCC Norway - 0.6 Egypt - 1.6 USA - 0.2 Qatar - 9.3 Russia -…
  27. JUNE 2011 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 27
    Firm Liquefaction Capacity Additions Nameplate Liquefaction Capacity 37 Bcf/d as of YE 2010 Bcf/d 3.0 45 Bcf/d by YE 2015 Middle East Gulf 2.5 Asia Pacific Atlantic Basin Gorgon T1 Papua New Guinea 2.0 Gorgon T2 & Curtis T1…
  28. JUNE 2011 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 28
    Attractive Oil Linked Market Prices /MMBtu Recent LNG / Gas Prices - April, 2011 20 18 11% 11% 15% 15% 16 of Oil Prices of Oil Prices 14 12 11.49 10 10.37 8 8.72 6 4 3.79 2 0 Se 0 Se 5 Se 9 Se 4 Se…
  29. JUNE 2011 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 29
    North America Onshore Receiving Terminals Terminal Baseload Capacity Holder Sendout (MMcf/d) Canaport Canaport Canaport 1,000 Repsol Everett - Suez 700 Everett Cove Point 1,800 Everett BP, Statoil, Shell Elba Island 1,800…
  30. JUNE 2011 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 30
    CHENIERE ENERGY Cheniere Energy Contacts Katie Pipkin, Vice President Finance & Investor Relations (713) 375-5110 katie.pipkincheniere.com Christina Burke, Manager Investor Relations (713) 375-5104 christina.burkecheniere.com

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