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JULY 2015 INVESTOR PRESENTATION – Cheniere Energy, Inc.

Cheniere Energy, Inc. · Jul 10, 2015 · 34 slides

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Slides

  1. JULY 2015 INVESTOR PRESENTATION – Cheniere Energy, Inc. – slide 1
    Cheniere Energy, Inc. July 2015
  2. JULY 2015 INVESTOR PRESENTATION – Cheniere Energy, Inc. – slide 2
    Executing on Strategy 2025 Forecast for CEI 60 mtpa 14% of the total LNG market 8 Bcf/d LNG by 2025 One of the largest exporters of LNG on One of the largest natural gas buyers in a global basis the U.S. 50B+ in U.S.…
  3. JULY 2015 INVESTOR PRESENTATION – Cheniere Energy, Inc. – slide 3
    Chenieres Key Businesses LNG GAS CHENIERE FUTURE PLATFORM PROCUREMENT MARKETING DEVELOPMENTS Four planned LNG Providing feedstock LNG sales, FOB or Developing/ terminals to be for LNG production DES, provided to investing in…
  4. JULY 2015 INVESTOR PRESENTATION – Cheniere Energy, Inc. – slide 4
    Cheniere LNG Platform Sabine Pass Liquefaction Live Oak LNG 6 train development 27 mtpa 2 train development 5.2 mtpa (3.8 Bcf/d in export capacity) (0.7Bcf/d) Trains 1-5 are under construction; First LNG targeted in late 2021…
  5. JULY 2015 INVESTOR PRESENTATION – Cheniere Energy, Inc. – slide 5
    Aerial View of SPL Construction June 2015 Train 3 Train 4 T3 Ethylene Cold Box T3 Methane Cold Box T2 Methane Cold Box T1 Methane Cold Box T2 Ethylene Cold Box Air Coolers T1 Ethylene Cold Box Propane Condenser Area…
  6. JULY 2015 INVESTOR PRESENTATION – Cheniere Energy, Inc. – slide 6
    Cheniere LNG Portfolio Summary SPL CCL LO Trains 1-2 Total Trains 1-6 Trains 1-5 LLNG Trains 1-2 Total Projected Portfolio 27.0 MTPA 22.5 MTPA 10.4 MTPA 59.9 MTPA LT SPAs 21.25 MTPA 10.5 MTPA - 31.75 MTPA (19.8 MTPA to date)…
  7. JULY 2015 INVESTOR PRESENTATION – Cheniere Energy, Inc. – slide 7
    Cheniere Offers Competitive, Low Cost Source of LNG The U.S. is one of the lowest cost natural gas providers in the world U.S. liquefaction project costs are also significantly lower due to less project development needed The…
  8. JULY 2015 INVESTOR PRESENTATION – Cheniere Energy, Inc. – slide 8
    Current Market Prices Profitable for Cheniere LNG Projects Cheniere can profitably provide LNG to global buyers at attractive prices Market price sensitivity Europe LNG sale price (/MMBtu) 7.00 9.00 11.00 13.00 Implied margin 2.50…
  9. JULY 2015 INVESTOR PRESENTATION – Cheniere Energy, Inc. – slide 9
    Example CEI EBITDA Build Up Europe 7.50 / Asia 8.75 SPL T1-6, CCL T1-3, CCL T4-5, Live Oak/Louisiana LNG T1-4 CEI EBITDA build up ( in billions, except for per share amounts) Run-rate scenarios from 2021E to 2025E 9 trains 11 trains…
  10. JULY 2015 INVESTOR PRESENTATION – Cheniere Energy, Inc. – slide 10
    Example CEI EBITDA Build Up Europe 9.50 / Asia 10.75 SPL T1-6, CCL T1-3, CCL T4-5, Live Oak/Louisiana LNG T1-4 CEI EBITDA build up ( in billions, except for per share amounts) Run-rate scenarios from 2021E to 2025E 9 trains 11…
  11. JULY 2015 INVESTOR PRESENTATION – Cheniere Energy, Inc. – slide 11
    Example CEI EBITDA Build Up Europe 11.50 / Asia 12.75 SPL T1-6, CCL T1-3, CCL T4-5, Live Oak/Louisiana LNG T1-4 CEI EBITDA build up ( in billions, except for per share amounts) Run-rate scenarios from 2021E to 2025E 9 trains 11…
  12. JULY 2015 INVESTOR PRESENTATION – Cheniere Energy, Inc. – slide 12
    Gas Procurement Sabine Pass Terminal Securing feedstock for LNG production with balanced portfolio approach To date, have entered into term gas supply contracts with producers under 1-7 year contracts Supply contracts cover 50%…
  13. JULY 2015 INVESTOR PRESENTATION – Cheniere Energy, Inc. – slide 13
    Gas Procurement Corpus Christi Terminal CCL contracting long-term direct and upstream pipeline transport capacity Tennessee P/L: 0.3 Bcf/d KM Tejas P/L: 0.25 Bcf/d Marcellus / CCL purchasing natural gas from producers Utica and…
  14. JULY 2015 INVESTOR PRESENTATION – Cheniere Energy, Inc. – slide 14
    Cheniere Marketing Cheniere platform for LNG sales - short, mid, long-term sales, FOB or DES basis Scale up for 10 mtpa including LNG purchases from Cheniere terminals London, U.K. and other places Buyers & sellers of LNG cargoes…
  15. JULY 2015 INVESTOR PRESENTATION – Cheniere Energy, Inc. – slide 15
    Future Developments Horizontal / Vertical Integration Significant Announced Developing Total focus Cash Flow brownfield additional on cash expected expansion at assets for flow per starting in Corpus other share as 2016 Christi…
  16. JULY 2015 INVESTOR PRESENTATION – Cheniere Energy, Inc. – slide 16
    Appendix
  17. JULY 2015 INVESTOR PRESENTATION – Cheniere Energy, Inc. – slide 17
    Investing in Cheniere Summary Organization Cheniere Energy, Inc. (NYSE MKT: LNG) 80.1% Interest 100% Interest 100% Interest 100% Interest Cheniere Energy Partners Cheniere Corpus Christi Public LP Holdings, LLC Cheniere Energy…
  18. JULY 2015 INVESTOR PRESENTATION – Cheniere Energy, Inc. – slide 18
    Chenieres Debt Summary As of July 2015 ( in millions) Cheniere Energy, Inc. Convertible Debt 1,000 PIK Convertible Notes due 2021 (4.875%) (NYSE MKT: LNG) 625 Convertible Notes due 2045 (4.250%) Cheniere Energy Partners Trains 1-2…
  19. JULY 2015 INVESTOR PRESENTATION – Cheniere Energy, Inc. – slide 19
    Conversion of Class B and Subordinated Units Class B Units: Mandatory conversion: within 90 days of the substantial completion of Train 3 Optional conversion by a Class B unitholder may occur at any of the following times: After 83…
  20. JULY 2015 INVESTOR PRESENTATION – Cheniere Energy, Inc. – slide 20
    Estimated CQP Distributable Cash Flow Build Up 4.05 4.00 3.60 CQP distributable cash flow per unit 3.15 3.00 ( per unit) 2.00 3.65 3.30 2.95 1.00 Range SPL T1-4 SPL T1-5 SPL T1-6 Cumulative build up Number…
  21. JULY 2015 INVESTOR PRESENTATION – Cheniere Energy, Inc. – slide 21
    Sabine Pass Liquefaction Brownfield LNG Export Project Utilizes Existing Assets, Trains 1-5 Under Construction Current Facility 1,000 acres in Cameron Parish, LA 40 ft. ship channel 3.7 miles from coast 2 berths; 4 dedicated tugs…
  22. JULY 2015 INVESTOR PRESENTATION – Cheniere Energy, Inc. – slide 22
    SPL Construction Completion Schedules Trains 1 4 Record First LNG Egyptian LNG T1 BG DFCD Train 1 Feb 2016 First LNG GN DFCD Train 2 June 2016 KOGAS DFCD Train 3 Jun 2017 April 2017 GAIL DFCD Train 4 Mar 2018 Sept…
  23. JULY 2015 INVESTOR PRESENTATION – Cheniere Energy, Inc. – slide 23
    LNG Sale and Purchase Agreements (SPAs) Sabine Pass Liquefaction 20 mtpa 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 GAIL (India)…
  24. JULY 2015 INVESTOR PRESENTATION – Cheniere Energy, Inc. – slide 24
    Corpus Christi Liquefaction Project Proposed 5 Train Facility HoustonNew Orleans 1,000 acres owned and/or controlled Corpus Christi 2 berths, 4 LNG storage tanks (13.5 Bcfe of storage) Gulf of Mexico Key Project Attributes 45 ft.…
  25. JULY 2015 INVESTOR PRESENTATION – Cheniere Energy, Inc. – slide 25
    Corpus Christi Liquefaction SPAs SPA progress: 8.42 mtpa take-or-pay style commercial agreements 1.5B annual fixed fee revenue for 20 years PT Pertamina Woodside Energy lectricit de EDP Energias de (Persero) Endesa S.A.…
  26. JULY 2015 INVESTOR PRESENTATION – Cheniere Energy, Inc. – slide 26
    Corpus Christi Liquefaction Project Schedule 2015 2016 2017 2018 2019 2020 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 56…
  27. JULY 2015 INVESTOR PRESENTATION – Cheniere Energy, Inc. – slide 27
    Timeline & Milestones Target Date SPL Corpus Christi Milestone T1-4 T5-6 T1-3 T4-5 Initiate permitting process (FERC & DOE) T5 T1-T2 Commercial agreements T6: 2015 T3: 2015 2016/2017 T5 EPC contract T6: 2015 2016/2017 T5…
  28. JULY 2015 INVESTOR PRESENTATION – Cheniere Energy, Inc. – slide 28
    Live Oak and Louisiana Liquefaction Projects Mid-scale LNG projects Utilizing Bechtel/Chart Industries Technology Live Oak LNG Facility Overview 350 acres on the Calcasieu Channel, just north on Calcasieu Lake Live Oak 2 trains 5.2…
  29. JULY 2015 INVESTOR PRESENTATION – Cheniere Energy, Inc. – slide 29
    Proposed Development Other Hydrocarbon Exports Estimated investment opportunity up to 2B Facilities to export up to 1 MMbpd liquid hydrocarbons Initial development expected to be supported with 3rd party contracts Initial…
  30. JULY 2015 INVESTOR PRESENTATION – Cheniere Energy, Inc. – slide 30
    Projected Global LNG Demand 438 mtpa by 2025 Demand forecasted to increase by 200 mtpa to 2025, a 5.7% CAGR average of 21 mtpa of new liquefaction capacity needed each year(1) Europe 30 63 89 2015 2020 2025 Asia 314 Americas…
  31. JULY 2015 INVESTOR PRESENTATION – Cheniere Energy, Inc. – slide 31
    Applications Filed with FERC for Liquefaction Projects Continental U.S. FERC FERC Scheduled DOE Quantity FERC EIS / Under LNG Export Projects Application Scheduling Date for EIS FERC Approval Non FTA Bcf/d Pre-filing Date EA…
  32. JULY 2015 INVESTOR PRESENTATION – Cheniere Energy, Inc. – slide 32
    U.S. LNG Export Projects Quantity FERC Company DOE Contracts (Bcf/d) * Cheniere Sabine Fully 2.2 Fully permitted Subscribed Pass T1 T4 Fully Oregon LNG Freeport 1.8 Fully permitted Subscribed FTA + Fully Lake Charles 2.0…
  33. JULY 2015 INVESTOR PRESENTATION – Cheniere Energy, Inc. – slide 33
  34. JULY 2015 INVESTOR PRESENTATION – Cheniere Energy, Inc. – slide 34
    Investor Relations Contacts Randy Bhatia: Director, Finance and Investor Relations (713) 375-5479, randy.bhatiacheniere.com Katy Cox: Senior Analyst, Investor Relations (713) 375-5079, katy.coxcheniere.com

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