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1Q 2019 Earnings Presentation – Cheniere Energy, Inc.

Cheniere Energy, Inc. · May 9, 2019 · 24 slides

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Slides

  1. 1Q 2019 Earnings Presentation – Cheniere Energy, Inc. – slide 1
    CHENIERE ENERGY, INC. CHENIERE ENERGY, INC. NYSE American: LNG First Quarter 2019 Conference Call May 9, 2019
  2. 1Q 2019 Earnings 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. 1Q 2019 Earnings Presentation – Cheniere Energy, Inc. – slide 3
    OPERATING AND FINANCIAL HIGHLIGHTS Jack Fusco, President and CEO
  4. 1Q 2019 Earnings Presentation – Cheniere Energy, Inc. – slide 4
    First Quarter 2019 Operating and Financial Highlights ( in millions, volumes in TBtu unless otherwise noted) Revenues Net Income(1) Consolidated Adjusted EBITDA LNG Volumes Exported Operational Commissioning 25 2,261 907 2,242…
  5. 1Q 2019 Earnings Presentation – Cheniere Energy, Inc. – slide 5
    Update on 2019 Key Priorities Safely Place Three Trains into Service Safely Execute Maintenance Turnarounds Bring trains online safely, ahead of schedule, and on budget Manage higher than average maintenance 185,000 man hours, 1,000+…
  6. 1Q 2019 Earnings Presentation – Cheniere Energy, Inc. – slide 6
    COMMERCIAL UPDATE Anatol Feygin, EVP and CCO
  7. 1Q 2019 Earnings Presentation – Cheniere Energy, Inc. – slide 7
    Global LNG Supply/Demand Dynamics Shifted Flows in 1Q 2019 MT 2019 Incremental Global LNG Supply & Demand Global LNG Supply and Asian/European Demand 12 (1Q 2019 vs. 1Q 2018)* 10 MT LNG Demand LNG Supply 8 12 0.3 6 5.5 10.6…
  8. 1Q 2019 Earnings Presentation – Cheniere Energy, Inc. – slide 8
    Emerging Asia Markets and Strong Carbon Prices Supported Total Demand Mild weather and high LNG storage inventories curbed total Asian import growth in 1Q 2019 Asian Net LNG Imports by Quarter MT Europe Net LNG Imports JKM as Percent…
  9. 1Q 2019 Earnings Presentation – Cheniere Energy, Inc. – slide 9
    FINANCIAL UPDATE Michael Wortley, EVP and CFO
  10. 1Q 2019 Earnings Presentation – Cheniere Energy, Inc. – slide 10
    First Quarter 2019 Results Summary Results Highlights ( millions, except per share and LNG data) 1Q 2019 4Q 2018 80% of LNG volumes recognized in income in 1Q 2019 sold Revenues 2,261 2,383 (2) under long-term SPAs Operating Income…
  11. 1Q 2019 Earnings Presentation – Cheniere Energy, Inc. – slide 11
    2019 Full Year Guidance and Capital Allocation Framework Reconfirm 2019 Three Primary Guidance Financial Priorities for 2019 Capital Allocation Three Primary Framework Financial Priorities for 2019 ( billions, except per unit…
  12. 1Q 2019 Earnings Presentation – Cheniere Energy, Inc. – slide 12
    CHENIERE ENERGY, INC. CHENIERE ENERGY, INC. NYSE American: LNG First Quarter 2019 Conference Call May 9, 2019
  13. 1Q 2019 Earnings Presentation – Cheniere Energy, Inc. – slide 13
    APPENDIX
  14. 1Q 2019 Earnings Presentation – Cheniere Energy, Inc. – slide 14
    Cheniere Cargo Destinations More Than 650 Cargoes (45 Million Tonnes) Exported from our Liquefaction Projects Delivered to 32 Countries and Regions London, U.K. Washington, DC Beijing, China Tokyo, Japan Houston, TX…
  15. 1Q 2019 Earnings Presentation – Cheniere Energy, Inc. – slide 15
    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…
  16. 1Q 2019 Earnings Presentation – Cheniere Energy, Inc. – slide 16
    LNG Projects Update CCL Project CCL Project SPL Project Train 2 Train 3 Train 6 98.4% (1) Overall 51.6% Overall Limited Notices to Completion 2H 2019 Completion 2H 2021 Proceed Issued Engineering 100% Engineering 91.3% Early…
  17. 1Q 2019 Earnings Presentation – Cheniere Energy, Inc. – slide 17
    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…
  18. 1Q 2019 Earnings Presentation – Cheniere Energy, Inc. – slide 18
    Sabine Pass Liquefaction Project Liquefaction Trains 1-5 Trains 1 through 5 complete and in operation all on budget and ahead of schedule Train 5 In Operation Growth Train 6 early engineering, procurement, and site works underway…
  19. 1Q 2019 Earnings Presentation – Cheniere Energy, Inc. – slide 19
    Corpus Christi LNG Terminal CCL Project Trains 1-3 Train 2 Commissioning Train 1 achieved substantial completion in February 2019 Train 1 Train 2 commissioning began early 2019, substantial completion expected 2H 2019 In Operation…
  20. 1Q 2019 Earnings Presentation – Cheniere Energy, Inc. – slide 20
    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…
  21. 1Q 2019 Earnings Presentation – Cheniere Energy, Inc. – slide 21
    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…
  22. 1Q 2019 Earnings Presentation – Cheniere Energy, Inc. – slide 22
    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…
  23. 1Q 2019 Earnings Presentation – Cheniere Energy, Inc. – slide 23
    Cheniere Debt Summary Cash Balance: 1.1B(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…
  24. 1Q 2019 Earnings Presentation – Cheniere Energy, Inc. – slide 24
    CHENIERE ENERGY, INC. INVESTOR RELATIONS CONTACTS Randy Bhatia Vice President, Investor Relations (713) 375-5479, randy.bhatiacheniere.com Megan Light Director, Investor Relations (713) 375-5492, megan.lightcheniere.com

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