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MARCH 2013 CORPORATE PRESENTATION – Cheniere Energy, Inc.

Cheniere Energy, Inc. · Mar 11, 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. MARCH 2013 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 1
    Cheniere Energy March 2013
  2. MARCH 2013 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 2
    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…
  3. MARCH 2013 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 3
    Operating Assets Sabine Pass LNG Terminal Creole Trail Pipeline 4
  4. MARCH 2013 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 4
    Contracted Capacity at SPLNG Third Party Terminal Use Agreements (TUAs) Longterm, 20 year takeorpay 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) Reservation…
  5. MARCH 2013 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 5
    Projected Global LNG Demand Growth Regional LNG Import Outlook (mmtpa)* Europe 87 123 152 2015 2020 2030 Americas Asia 18 20 19 2020 2030 2015 Middle East 192 242 310 6 14 30 2015 2020 2030 2015 2020 2030 *Basecase…
  6. MARCH 2013 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 6
    Compelling Price Advantage Current Prices = 2B3B 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 February 19, 2013…
  7. MARCH 2013 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 7
    Sabine Pass LNG Terminal Trains 12 Under Construction; Trains 34 EPC Obtained Current Facility 1,000 acres in Cameron Parish, LA 40 ft ship channel 3.7 miles from coast 2 berths; 4 dedicated tugs 5 LNG storage tanks (17 Bcf of…
  8. MARCH 2013 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 8
    LNG Sale and Purchase Agreements (SPAs) 18 mmtpa takeorpay style commercial agreements 2.6B annual fixed fee revenue for 20 years BG Gulf Coast LNG Gas Natural Fenosa Korea Gas Corporation (1) GAIL (India) Limited (1) Total Gas &…
  9. MARCH 2013 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 9
    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 1&2 construction started…
  10. MARCH 2013 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 10
    SPL Estimated Cash Flows Expect 2.5X EBITDA: Debt Service Coverage And < 5X Debt: EBITDA ( in millions) Trains 12 Trains 14 BG 520 725 Gas Natural 455 455 KOGAS 550 GAIL 550 Commodity payments, net (1) 125 275 Total Revenues…
  11. MARCH 2013 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 11
    Summary Organizational Structure ( in millions) No Debt Cheniere Energy, Inc. (NYSE MKT: LNG) 56.4% Cheniere Energy, Inc. Corpus Christi Cheniere Creole Trail Cheniere Energy Partners, L.P. 30.0% Blackstone Liquefaction, LLC…
  12. MARCH 2013 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 12
    CMI SPA Excess Volumes from Trains 14 at SPL CMISPL 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…
  13. MARCH 2013 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 13
    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…
  14. MARCH 2013 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 14
    Timeline & Milestones Target Date Sabine Pass Corpus Milestone T12 T34 T56 Christi Initiate permitting process (FERC & DOE) Commercial agreements TBD 2H13 EPC contract TBD 2H13 Financing commitments 1H13 TBD 1H14 Regulatory…
  15. MARCH 2013 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 15
    Appendix
  16. MARCH 2013 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 16
    Construction Completion Schedules Trains 14 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…
  17. MARCH 2013 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 17
    LSTK EPC Contract with Bechtel Minimize Construction Costs and Risks Why Bechtel Constructed onethird of the worlds liquefaction facilities more than any other contractor Top US construction contractor for 14 straight years by…
  18. MARCH 2013 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 18
    Regulatory Approvals Trains 14: FERC and DOE authorization received FERC: Authorization to Construct DOE: Authorization to Export NEPA Prefiling 7/2010 for Expansion Filed Two Applications in 8/2010 & 9/2010 Formal Application…
  19. MARCH 2013 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 19
    Creole Trail Pipeline In February 2013, CTPL received FERC authorization to reconfigure the system for inbound flow to source natural gas supply for SPL 65MM of annual EBITDA (1) CQP expected to purchase CTPL in due course: 300…
  20. MARCH 2013 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 20
    Global LNG Demand LNG Importers - Price Indexation 2012 Global LNG Capacity: 37.3 Bcf/d Oil Products Algeria 2.7 2012 Global LNG Demand: 31.5 Bcf/d Natural Gas Norway 0.6 Japan Crude Cocktail Egypt 1.6 Qatar 9.3 USA 0.2 Russia…
  21. MARCH 2013 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 21
    U.S. Natural Gas Markets US Gas Consumptions vs. Production US Proved NonProducing Reserves Tcf Tcf 26 24.5 24.9 24.1 120 23.1 23.3 22.8 24 22.0 21.7 23.6 100 23.0 22 98 21.6 80 20 20.2 20.6 85 19.3 78 18 18.5 60 67…
  22. MARCH 2013 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 22
    Strategically Located Extensive Market Access to Gas Lower 48 Recoverable Unconventional Reserves (Tcf) Primary Gas Sources for Sabine Pass Liquefaction Shale Conventional Gulf Coast Onshore; Barnett; Haynesville; Bossier; Eagle…
  23. MARCH 2013 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 23
    Local Pipeline Interconnections Cheniere Creole Trail Pipeline Trunkline Kinder Morgan Louisiana Pipeline NGPL Texas to Louisiana (bidirectional) Pine Prairie Transco Energy Center Pine Prairie TETCO Texas Gas Transco Z3…
  24. MARCH 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 total (as…
  25. MARCH 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. MARCH 2013 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 26
  27. MARCH 2013 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 27
    Investor Relations Contacts: Nancy Bui: Director, Investor Relations (713) 3755280, nancy.buicheniere.com Christina Burke: Manager, Investor Relations (713) 3755104, christina.burkecheniere.com

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