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Q4 and FY 2018 Conference Call Presentation – Cheniere Energy, Inc.

Cheniere Energy, Inc. · Feb 26, 2019 · 26 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. Q4 and FY 2018 Conference Call Presentation – Cheniere Energy, Inc. – slide 1
    CHENIERE ENERGY, INC. CHENIERE ENERGY, INC. NYSE American: LNG FOURTH QUARTER AND FULL YEAR 2018 CONFERENCE CALL February 26, 2019
  2. Q4 and FY 2018 Conference Call Presentation – Cheniere Energy, Inc. – slide 2
    Agenda Introduction Randy Bhatia Vice President, Investor Relations Company Highlights Jack Fusco President and Chief Executive Officer Commercial Update Anatol Feygin Executive Vice President and Chief Commercial…
  3. Q4 and FY 2018 Conference Call Presentation – Cheniere Energy, Inc. – slide 3
    OPERATING AND FINANCIAL HIGHLIGHTS Jack Fusco, President and CEO
  4. Q4 and FY 2018 Conference Call Presentation – Cheniere Energy, Inc. – slide 4
    Fourth Quarter and Full Year 2018 Operating and Financial Highlights ( in millions, volumes in TBtu unless otherwise noted) Revenues Consolidated Adjusted EBITDA LNG Volumes Exported 7,987 2,641 1,824 976 5,601 734 1,746 2,383…
  5. Q4 and FY 2018 Conference Call Presentation – Cheniere Energy, Inc. – slide 5
    2018 At a Glance 471 million Corpus Christi Train 3 Final 7 long-term SPAs signed with 6 creditworthy Investment Decision counterparties totaling over 7 mtpa of LNG Net Income (1) 1.1 8.0 billion 1.5 0.7 Revenues 7.5 2.0 1.2…
  6. Q4 and FY 2018 Conference Call Presentation – Cheniere Energy, Inc. – slide 6
    Key Priorities for 2019 Sabine Pass Train 6 First Cargo from Corpus Christi Reach FID on Sabine Pass Progress Corpus Christi Safely Place Three Trains Communicate Capital Train 6 Expansion Efforts into Service (13.5 mtpa)…
  7. Q4 and FY 2018 Conference Call Presentation – Cheniere Energy, Inc. – slide 7
    COMMERCIAL UPDATE Anatol Feygin, EVP and CCO
  8. Q4 and FY 2018 Conference Call Presentation – Cheniere Energy, Inc. – slide 8
    Global LNG Capacity Boost Adequately Supplies Market Growth 2018 Incremental Global LNG Supply & Demand MT Global LNG Demand Variance by Region (2018 vs. 2017) (4Q18 vs. 4Q17) 9 MT 40 LNG Demand LNG Supply 6 3.2 Rest of Asia 1.2…
  9. Q4 and FY 2018 Conference Call Presentation – Cheniere Energy, Inc. – slide 9
    China Continues to Lead Growth in Asia Structural changes in the region sustained the flow of imports despite mild winter temperatures Annual LNG Growth: China leads the Winter HDDs* so far at low end of 10-year Spot prices in Asia…
  10. Q4 and FY 2018 Conference Call Presentation – Cheniere Energy, Inc. – slide 10
    European LNG Imports At Record Levels in December Numerous market factors incentivized LNG flows into Europe; Prices remained robust through 4Q18 Europe Net LNG Imports Heating Season Accumulated Total EU Gas Storage* & TTF Price MT…
  11. Q4 and FY 2018 Conference Call Presentation – Cheniere Energy, Inc. – slide 11
    CHENIERE OVERVIEW FINANCIAL UPDATE Michael Wortley, EVP and CFO
  12. Q4 and FY 2018 Conference Call Presentation – Cheniere Energy, Inc. – slide 12
    Fourth Quarter and Full Year 2018 Results Summary Results Highlights ( millions, except per share and LNG data) 4Q 2018 3Q 2018 FY 2018 FY 2017 Revenues 2,383 1,819 7,987 5,601 Long-term SPA customers lifted 72% of LNG exported…
  13. Q4 and FY 2018 Conference Call Presentation – Cheniere Energy, Inc. – slide 13
    Full Year 2019 Guidance and Top Financial Priorities Primary Financial Three Primary Priorities Financial for 2019 Priorities for 2019 Deliver On Guidance Ranges Finance Sabine Pass Train 6 Communicate Capital Allocation Policy…
  14. Q4 and FY 2018 Conference Call Presentation – Cheniere Energy, Inc. – slide 14
    CHENIERE ENERGY, INC. March 2018 CHENIERE ENERGY, INC. NYSE American: LNG FOURTH QUARTER 2018 CONFERENCE CALL February 26, 2019
  15. Q4 and FY 2018 Conference Call Presentation – Cheniere Energy, Inc. – slide 15
    APPENDIX
  16. Q4 and FY 2018 Conference Call Presentation – Cheniere Energy, Inc. – slide 16
    Cheniere Cargo Destinations More Than 575 Cargoes (40 Million Tonnes) Exported from our Liquefaction Projects Delivered to 32 Countries and Regions London, U.K. Washington, DC Beijing, China Tokyo, Japan Houston, TX…
  17. Q4 and FY 2018 Conference Call Presentation – Cheniere Energy, Inc. – slide 17
    Substantial Asset Platform and Global Footprint Building an Industry Leading U.S. LNG Export Platform Sabine Pass Liquefaction Project 22.5 mtpa(1) Liquefaction Capacity Trains 1-4 operating, contracts with long-term buyers…
  18. Q4 and FY 2018 Conference Call Presentation – Cheniere Energy, Inc. – slide 18
    LNG Projects Update SPL Stage 3 Corpus Stage 1 Corpus Stage 2 99.9% Overall 97.3% Overall 43.9% Overall Train 5 1Q 2019 Train 1 1Q 2019 Train 3 2H 2021 Train 2 2H 2019 Engineering 100% Engineering 100% Engineering 89.2%…
  19. Q4 and FY 2018 Conference Call Presentation – Cheniere Energy, Inc. – slide 19
    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 Deliver to…
  20. Q4 and FY 2018 Conference Call Presentation – Cheniere Energy, Inc. – slide 20
    Sabine Pass Liquefaction Project Liquefaction Trains 1-5 Trains 1 through 4 complete and in operation on budget and ahead of schedule Train 5 Commissioning Train 5 is commissioning and exported its first cargo in November 2018…
  21. Q4 and FY 2018 Conference Call Presentation – Cheniere Energy, Inc. – slide 21
    Corpus Christi LNG Terminal CCL Project Trains 1-3 Trains 1 & 2 Commissioning Train 1 is commissioning and exported its first cargo in December 2018 Substantial completion expected 1Q 2019 Train 2 commissioning began early 2019,…
  22. Q4 and FY 2018 Conference Call Presentation – Cheniere Energy, Inc. – slide 22
    Cheniere Corporate Structure Cheniere Energy, Inc. (NYSE American: LNG) CQP GP Cheniere Corpus Cheniere Marketing (& IDRs) Christi Holdcos(1) Cheniere Energy Corpus Christi Cheniere Corpus Partners, L.P. Liquefaction…
  23. Q4 and FY 2018 Conference Call Presentation – Cheniere Energy, Inc. – slide 23
    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…
  24. Q4 and FY 2018 Conference Call Presentation – Cheniere Energy, Inc. – slide 24
    Forecasting Points Tax Assumptions Cheniere cash tax payments begin early-mid 2020s Average tax rate as percentage of pre-tax cash flow: 2020 2030: 5-10% 2031 2040: 21% 2020 2030 tax rate primarily due to 80% NOL limitation on…
  25. Q4 and FY 2018 Conference Call Presentation – Cheniere Energy, Inc. – slide 25
    Cheniere Debt Summary Cash Balance: 1B(1) Cheniere Energy, Inc. Cheniere Energy, Inc. 1.0B PIK Convertible Notes due 2021 (4.875%) (NYSE American: LNG) Cheniere CCH Holdco II, LLC 1.0B Senior Secured Convertible Notes 0.6B…
  26. Q4 and FY 2018 Conference Call Presentation – Cheniere Energy, Inc. – slide 26
    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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