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APRIL 2013 CORPORATE PRESENTATION – Cheniere Energy, Inc.

Cheniere Energy, Inc. · Apr 10, 2013 · 27 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 2013 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 1
    Cheniere Energy April 2013
  2. APRIL 2013 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 2
    Sabine Pass Liquefaction Stage 1 Construction
  3. APRIL 2013 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 3
    Summary Organizational Structure Cheniere Energy, Inc. (NYSE MKT: LNG) 100% Interest 100% Interest 100% Interest 100% Interest 54.4% Interest (1) Cheniere Cheniere Energy Cheniere Creole Corpus Christi Marketing, LLC Partners…
  4. APRIL 2013 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 4
    Operating Assets Sabine Pass LNG Terminal Creole Trail Pipeline 5
  5. APRIL 2013 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 5
    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)…
  6. APRIL 2013 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 6
    Projected Global LNG Demand Growth Regional LNG Import Outlook (mmtpa)* Europe 87 123 152 2015 2020 2030 Americas Asia 18 20 19 2015 2020 2030 Middle East 192 242 310 6 14 30 2015 2020 2030 2015 2020 2030 *Base-case…
  7. APRIL 2013 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 7
    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 March 31, 2013 Brent…
  8. APRIL 2013 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 8
    Brownfield Project Utilizes Existing Assets Trains 1-2 Under Construction; Trains 3-4 EPC Contract Signed Nameplate capacity is expected to be 4.5 mmtpa per train Current Facility 1,000 acres in Cameron Parish, LA 40 ft ship…
  9. APRIL 2013 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 9
    LNG Sale and Purchase Agreements (SPAs) 20 mmtpa 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 (1) GAIL (India) Limited (1) Total Gas…
  10. APRIL 2013 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 10
    Sabine Pass Liquefaction Project Update Liquefaction project includes up to six trains in various stages of development Trains 1&2 fully financed & under construction, LSTK with Bechtel Total EPC contract price 3.97 billion Trains…
  11. APRIL 2013 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 11
    SPL Estimated Cash Flows Expect 2.5X EBITDA: Debt Service Coverage And < 5X Debt: EBITDA ( in millions) Trains 1-2 Trains 1-4 Trains 1-6 BG 520 725 725 Gas Natural 455 455 455 KOGAS - 550 550 GAIL - 550 550 Total - - 315…
  12. APRIL 2013 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 12
    Summary Organizational Structure ( in millions) No Debt Cheniere Energy, Inc. (NYSE MKT: LNG) Cheniere Energy Partners, L.P. 56.4% Cheniere Energy, Inc. Corpus Christi Cheniere Creole Trail 30.0% Blackstone Liquefaction, LLC…
  13. APRIL 2013 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 13
    CMI SPA Excess Volumes from Trains 1-4 at SPL CMI-SPL SPA provides CMI with up to 2 mmtpa 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…
  14. APRIL 2013 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 14
    Corpus Christi Liquefaction Project HoustonNew Orleans Proposed Facility 1,000 acres owned and/or controlled near Corpus Christi Gulf of Mexico Corpus Christi, TX 3 trains, each 4.5 mmtpa nameplate capacity 2 berths 3 LNG…
  15. APRIL 2013 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 15
    Timeline & Milestones Target Date Sabine Pass Corpus Milestone T1-2 T3-4 T5-6 Christi Initiate permitting process (FERC & DOE) Commercial agreements TBD 2H13 EPC contract 2H14 2H13 Financing commitments 1H13 1H15 1H14…
  16. APRIL 2013 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 16
    Appendix
  17. APRIL 2013 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 17
    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…
  18. APRIL 2013 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 18
    LSTK EPC Contract with Bechtel Minimize Construction Costs and Risks Why Bechtel Constructed one-third of the worlds liquefaction facilities - more than any other contractor Top US construction contractor for 14 straight years by…
  19. APRIL 2013 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 19
    Regulatory Approvals First and only project in Lower 48 to receive all DOE export approvals and FERC construction and operation authorization for four trains SPL Trains 1-4: FERC and DOE authorization received DOE: Authorization to…
  20. APRIL 2013 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 20
    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…
  21. APRIL 2013 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 21
    U.S. Natural Gas Markets US Gas Consumptions vs. Production US Proved Non-Producing Reserves Tcf Tcf 25.5 26 24.1 24.4 23.1 23.3 22.9 120 24 22.0 21.7 24.1 100 113 22 22.9 98 20 21.3 80 20.2 20.6 85 19.3 78 18 18.5 60 67…
  22. APRIL 2013 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 22
    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…
  23. APRIL 2013 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 23
    Local Pipeline Interconnections Cheniere Creole Trail Pipeline Trunkline Kinder Morgan Louisiana Pipeline NGPL Texas to Louisiana (bi-directional) Pine Prairie Transco Energy Center Pine Prairie TETCO Texas Gas Transco Z3…
  24. APRIL 2013 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 24
    Pro Forma CQP Ownership (in millions) CEI Blackstone Public Total Common units 12.0 - 45.1 57.1 Class B units 33.3 100.0 - 133.3 Subordinated units 135.4 - - 135.4 General partner 2% 6.6 - - 6.6 187.3 100.0 45.1 332.4 Percent of…
  25. APRIL 2013 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 25
    Condensed Balance Sheets As of December 31, 2012 (in millions) Cheniere Energy Other Cheniere Energy, Consolidated Cheniere Partners, L.P. Inc. (1) Energy, Inc. (2) Unrestricted cash and equivalents - 202 202 Restricted cash and…
  26. APRIL 2013 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 26
  27. APRIL 2013 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 27
    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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