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AUGUST 2011 CORPORATE PRESENTATION – Cheniere Energy, Inc.

Cheniere Energy, Inc. · Aug 10, 2011 · 28 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. AUGUST 2011 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 1
    Cheniere Energy, Inc. Corporate Presentation August 2011
  2. AUGUST 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 S Sabine bi P Pass LNG became b operational ti l iin 2008 and d costt…
  3. AUGUST 2011 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 3
    Contracted Capacity at SPLNG Fully contracted capacity under 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) (2)…
  4. AUGUST 2011 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 4
    CHENIERE ENERGY Li Liquefaction f ti Project P j t
  5. AUGUST 2011 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 5
    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 IIndexation d ti % 11% 15% 1 % at 90/bbl 9.90…
  6. AUGUST 2011 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 6
    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 bi directional LNG terminal that can import &…
  7. AUGUST 2011 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 7
    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 2 berths; 4 dedicated tugs Existing…
  8. AUGUST 2011 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 8
    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 Liq…
  9. AUGUST 2011 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 9
    Engineering, Procurement & Construction Contract Negotiating fixed price, lump-sum, turnkey EPC contract with Bechtel; Estimated completion of FEED and capital cost estimates by 2H11 Cheniere has engaged Bechtel Corporation…
  10. AUGUST 2011 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 10
    LNG Regulatory Process Update and Project Support Very strong local support: Cameron Parish officials, Louisiana state and federal congressional delegations, parish & state agencies Strong St supportt from f mostt gas producing d…
  11. AUGUST 2011 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 11
    Commercial Structure: Estimated Terms of LNG SPA Contracts Summary of Estimated Terms for LNG SPA Contracts: Fixed Fee: 2 2.00/MMBtu 00/MMBtu - 3.00/MMBtu 3 00/MMBtu Annual contract volumes are take-or-pay Cheniere procures…
  12. AUGUST 2011 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 12
    Expected Timeline Milestone Target Date Sign MOUs with interested parties Completed DOE export authorization Received Definitive commercial agreements 2H2011 EPC contract 2H2011 Financing commitments 2H2011 FERC construction t…
  13. AUGUST 2011 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 13
    Summary Proposed Structure NYSE Amex US Stock Symbol: LNG 88.5% through LP Interest NYSE Amex US 2% through GP Interest Stock Symbol: CQP 9.5% LP Interest Public Unitholders NEW EQUITY 100% 2 Bcf/d TUA Sabine Pass…
  14. AUGUST 2011 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 14
    Key Investment Highlights 20-year fixed price contracts with investment grade counterparties stable t bl contracted t t d cash h fl flows expected t d tto begin b i 2015 Brownfield site minimizes construction costs expansion…
  15. AUGUST 2011 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 15
    CHENIERE ENERGY Financial Overview (All numbers reflect pre-Liquefaction financials)
  16. AUGUST 2011 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 16
    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…
  17. AUGUST 2011 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 17
    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…
  18. AUGUST 2011 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 18
    CQP Ownership (in mm) Cheniere, Inc. Public Total Common U C Units it 10.9 10 9 15.6 15 6 26.5 26 5 Subordinated Units 135.4 - 135.4 General Partner 2% 3.3 - 3.3 149 6 149.6 15 6 15.6 165.2 165 2 Percent of total 90.5%…
  19. AUGUST 2011 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 19
    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…
  20. AUGUST 2011 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 20
    Organizational Structure NYSE Amex US: LNG 205 mm 2.25% Convertible Senior Unsecured Notes due 2012 100% O Ownership hi IInterest t t Creole Trail Pipeline Cheniere LNG, Inc. Other Pipeline Projects 100% Ownership…
  21. AUGUST 2011 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 21
    CHENIERE ENERGY Appendix
  22. AUGUST 2011 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 22
    Cheniere Overview Cheniere Energy Cheniere Energy, Inc. NYSE Amex US: LNG Partners, L.P. NYSE Amex US: CQP 88.5% (LP interest) 2.0% (GP interest) Cheniere LNG Holdings LLC Holdings, Sabine Pass LNG, 90.5% Ownership of CQP…
  23. AUGUST 2011 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 23
    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…
  24. AUGUST 2011 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 24
    Unconventional Plays Comparative Rates of Return 25 Source: Bentek Energy
  25. AUGUST 2011 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 25
    ConocoPhillips-Bechtel Global LNG Collaboration Collaboration projects onstream ahead of schedule and exceeded expectations P Proven D Designs i 1969 1999 2006 2007 2012 Source: ConocoPhillips, Bechtel 26 Note: Past…
  26. AUGUST 2011 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 26
    Strategically Located Multiple Pipeline Interconnects Cheniere Creole Trail Pipeline 2.0 Bcf/d Kinder Morgan Louisiana Pipeline 3.2 Bcf/d Pi Prairie Pine P ii Total Pipeline Capacity 5.2 Bcf/d Energy Center Texas Gas Transco…
  27. AUGUST 2011 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 27
    North America Onshore Receiving Terminals Terminal Baseload Capacity Holder Sendout (MMcf/d) Canaport Canaport 1 1,000 000 Repsol Everett - Suez 700 Everett Cove Point 1,800 BP, Statoil, Shell Elba Island 1 1,800 800…
  28. AUGUST 2011 CORPORATE PRESENTATION – Cheniere Energy, Inc. – slide 28
    CHENIERE ENERGY Cheniere Energy Contacts Katie Pipkin, Vice President Finance & Investor Relations (713) 375-5110 katie.pipkincheniere.com Ch i ti Burke, Christina B k Manager M Investor I t Relations R l ti (713) 375-5104…

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