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3Q 2018 Earnings – Cheniere Energy Partners Lp.

Cheniere Energy Partners Lp. · Nov 8, 2018 · 23 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. 3Q 2018 Earnings – Cheniere Energy Partners Lp. – slide 1
    CHENIERE ENERGY, INC. March 2018 CHENIERE ENERGY, INC. NYSE American: LNG THIRD QUARTER 2018 CONFERENCE CALL November 8, 2018
  2. 3Q 2018 Earnings – Cheniere Energy Partners Lp. – slide 2
    Agenda Introduction Randy Bhatia Vice President, Investor Relations Company Highlights Jack Fusco President and Chief Executive Officer Financial Update Michael Wortley Executive Vice President and Chief Financial…
  3. 3Q 2018 Earnings – Cheniere Energy Partners Lp. – slide 3
    SPL Project OPERATING AND FINANCIAL HIGHLIGHTS Jack Fusco, President and CEO
  4. 3Q 2018 Earnings – Cheniere Energy Partners Lp. – slide 4
    Third Quarter 2018 Operating and Financial Highlights ( in millions, volumes in TBtu) Consolidated Adjusted LNG Volumes Exported Operating Income EBITDA +29% +43% +43% 425 569 442 228 297 160 3Q 2017 3Q 2018 3Q 2017 3Q…
  5. 3Q 2018 Earnings – Cheniere Energy Partners Lp. – slide 5
    LNG Projects Update Construction Operations Progressing Efforts on Accelerated Schedules Reinforcing Global Reputation of Reliability 98.5% Overall Commissioning activities Operations team working alongside commissioning team to SPL…
  6. 3Q 2018 Earnings – Cheniere Energy Partners Lp. – slide 6
    Recent Execution Increases Chenieres Value Proposition Optimizing Existing Trains Progressing Sabine Pass T6 Developing Additional Projects Significant debottlenecking Signed EPC contract with Bechtel for FERC scheduling notice…
  7. 3Q 2018 Earnings – Cheniere Energy Partners Lp. – slide 7
    CHENIERE OVERVIEW FINANCIAL UPDATE Michael Wortley, EVP and CFO
  8. 3Q 2018 Earnings – Cheniere Energy Partners Lp. – slide 8
    Third Quarter 2018 Results and Revised Full Year 2018 Guidance Summary Results Highlights ( millions, except per share and LNG data) 3Q 2018 3Q 2017 YTD 2018 YTD 2017 86% of volumes exported from Sabine Operating Income 425 297 1,508…
  9. 3Q 2018 Earnings – Cheniere Energy Partners Lp. – slide 9
    Full Year 2019 and Run Rate Guidance ( billions, except per unit , per share, and LNG amounts) Full Year 2019 Guidance 8-Train Run Rate Guidance Consolidated Adjusted EBITDA 2.9 - 3.2 Consolidated Adjusted EBITDA 4.4 - 4.9…
  10. 3Q 2018 Earnings – Cheniere Energy Partners Lp. – slide 10
    CHENIERE ENERGY, INC. March 2018 CHENIERE ENERGY, INC. NYSE American: LNG THIRD QUARTER 2018 CONFERENCE CALL November 8, 2018
  11. 3Q 2018 Earnings – Cheniere Energy Partners Lp. – slide 11
    APPENDIX
  12. 3Q 2018 Earnings – Cheniere Energy Partners Lp. – slide 12
    2018 Global LNG Trade MT The world has added approximately 20 MT of LNG 12 LNG Export Leaders 9.1 (Incremental YTD 2018) Global LNG Supply & Demand Variance 9 6.8 MT (YTD 2018 vs. YTD 2017)1 6 5.3 25 LNG Supply LNG Demand 3 1.6…
  13. 3Q 2018 Earnings – Cheniere Energy Partners Lp. – slide 13
    EU Fundamentals Point to Structural Deficit and Increased Needs for Imports TTF Curves Groningen Production EU Carbon Price 10 9 Futures 30 2013 avg. 8 4.9 Bcf/d 7 25 9 2017 avg. 6 2.1 Bcf/d 20 5 /Ton Bcf/d 8 15 4…
  14. 3Q 2018 Earnings – Cheniere Energy Partners Lp. – slide 14
    Sabine Pass Cargo Destinations More Than 475 Cargoes (1,700 TBtu) Exported from Sabine Pass Since Startup Delivered to 29 Countries and Regions Across the Globe London, U.K. France, Lithuania, Netherlands, Poland, United Kingdom…
  15. 3Q 2018 Earnings – Cheniere Energy Partners Lp. – slide 15
    Chenieres Expansive Footprint Sabine Pass Liquefaction Corpus Christi Liquefaction Domestic Pipelines and Legacy Global Corporate Footprint to Project (SPL Project) Project (CCL Project) Assets Facilitate Growth Four trains…
  16. 3Q 2018 Earnings – Cheniere Energy Partners Lp. – slide 16
    Market Leading Position Along the Value Chain Safe, Reliable, and Efficient Production of LNG GAS SUPPLY COMMERCIAL OPERATIONS ORIGINATION BUSINESS & ASSET OPTIMIZATION DEVELOPMENT Ensure reliable gas delivery to Optimize and…
  17. 3Q 2018 Earnings – Cheniere Energy Partners Lp. – slide 17
    Sabine Pass Liquefaction Project Liquefaction Trains 1-5: Fully Contracted Trains 1 through 4 are complete and in operation on budget and ahead of schedule Train 5 Commissioning Train 5 is 98.5% complete overall and has a target…
  18. 3Q 2018 Earnings – Cheniere Energy Partners Lp. – slide 18
    Corpus Christi LNG Terminal CCL Project Stage 1 Trains 1 and 2 are 93.9% complete overall and have target in-service dates of 1Q 2019 and Train 1 Commissioning 2H 2019, respectively Feed gas introduced to Train 1 in August 2018…
  19. 3Q 2018 Earnings – Cheniere Energy Partners Lp. – slide 19
    Cheniere Corporate Structure Cheniere Energy, Inc. (CEI) (NYSE American: LNG) CQP GP Cheniere Marketing, LLC Cheniere CCH (& IDRs) (CMI) Holdco II, LLC Cheniere Energy Partners, Cheniere CCH L.P. Holdco I, LLC (NYSE…
  20. 3Q 2018 Earnings – Cheniere Energy Partners Lp. – slide 20
    Run Rate Guidance 8 Trains Online SPL T1-5, (bn, except per share and per unit amounts or unless otherwise noted) CCH T1-3 CEI Consolidated Adjusted EBITDA 4.4 - 4.9 Less: CQP Minority Interest (0.8) - (0.8) Less: CQP/SPL Interest…
  21. 3Q 2018 Earnings – Cheniere Energy Partners Lp. – slide 21
    Forecasting Points CEI Cash Tax Payments Begin Early - Mid 2020s 2020 - 2030 Tax Rate Percentage of Pre-Tax Cash Flow CEI 5 - 10% 2031 - 2040 Tax Rate Percentage of Pre-Tax Cash Flow CEI 21% 2020-2030 CEI tax rate primarily due to…
  22. 3Q 2018 Earnings – Cheniere Energy Partners Lp. – slide 22
    Reconciliation to Non-GAAP Measures Regulation G Reconciliations Consolidated Adjusted EBITDA This presentation contains non-GAAP financial measures. Consolidated Adjusted EBITDA, Distributable Cash Flow, Distributable Cash Flow per The…
  23. 3Q 2018 Earnings – Cheniere Energy Partners Lp. – slide 23
    CHENIERE ENERGY, INC. INVESTOR RELATIONS CONTACTS Randy Bhatia Vice President, Investor Relations (713) 375-5479, randy.bhatiacheniere.com Megan Light Manager, Investor Relations (713) 375-5492, megan.lightcheniere.com

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