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Second Quarter 2018 Conference Call – Cheniere Energy, Inc.

Cheniere Energy, Inc. · Aug 9, 2018 · 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. Second Quarter 2018 Conference Call – Cheniere Energy, Inc. – slide 1
    CHENIERE ENERGY, INC. March 2018 CHENIERE ENERGY, INC. NYSE American: LNG SECOND QUARTER 2018 CONFERENCE CALL August 9, 2018
  2. Second Quarter 2018 Conference Call – Cheniere Energy, Inc. – slide 2
    Safe Harbor Statements (contd) Additional Information and Where to Find It This presentation does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of a written consent in connection…
  3. Second Quarter 2018 Conference Call – Cheniere Energy, Inc. – slide 3
    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…
  4. Second Quarter 2018 Conference Call – Cheniere Energy, Inc. – slide 4
    SPL Project OPERATING AND FINANCIAL HIGHLIGHTS Jack Fusco, President and CEO
  5. Second Quarter 2018 Conference Call – Cheniere Energy, Inc. – slide 5
    Second Quarter 2018 Operating and Financial Highlights ( in millions, volumes in TBtu) Revenues Consolidated LNG Volumes Exported Adjusted EBITDA 1,543 531 219 1,241 371 170 2Q 2017 2Q 2018 2Q 2017 2Q 2018 2Q 2017 2Q…
  6. Second Quarter 2018 Conference Call – Cheniere Energy, Inc. – slide 6
    LNG Projects Update Construction Operations Progressing Efforts on Accelerated Schedules Reinforcing Global Reputation of Reliability 95.1% Overall Commissioning activities Managing plant variations and maintenance at Sabine Pass to…
  7. Second Quarter 2018 Conference Call – Cheniere Energy, Inc. – slide 7
    U.S. LNG and China What we know China recently announced potential tariffs on 60 billion in U.S. goods, including a 25% tariff on LNG We expect no economic impact to Cheniere as it relates to the existing long-term contracts with…
  8. Second Quarter 2018 Conference Call – Cheniere Energy, Inc. – slide 8
    SPL Project CHENIERE OVERVIEW COMMERCIAL UPDATE Anatol Feygin, EVP and CCO
  9. Second Quarter 2018 Conference Call – Cheniere Energy, Inc. – slide 9
    Asia Driving Robust Global LNG Demand Growth Incremental Global LNG Supply & Demand 1H 2018 Incremental Demand Growth Leaders 1H 2018 MT MT LNG Demand LNG Supply 18 9 0.3 16 8 Chinas LNG demand 15.7 (0.5) (0.2) grew more than…
  10. Second Quarter 2018 Conference Call – Cheniere Energy, Inc. – slide 10
    US Increasing Global LNG Market Share in Strong Price Environment Global Gas Prices Top Global LNG Suppliers (1H 2018) /MMBtu MT 20 45 39.1 40 JKM August settle 10.45/MMBtu 35 15 32.2 Oil parity 30 Asia L-T Contract 25 10…
  11. Second Quarter 2018 Conference Call – Cheniere Energy, Inc. – slide 11
    Domestic Gas Production Growth Supports HH-Linked LNG Thesis Lower 48 Dry Gas Production Projected Production Growth by Basin Through 2019 (monthly average) Bcf/d 8 82 7 Permian expected to 6 outpace Marcellus/Utica 6.7 5 80 4…
  12. Second Quarter 2018 Conference Call – Cheniere Energy, Inc. – slide 12
    CHENIERE OVERVIEW FINANCIAL REVIEW Michael Wortley, EVP and CFO
  13. Second Quarter 2018 Conference Call – Cheniere Energy, Inc. – slide 13
    Second Quarter 2018 Results and Full Year 2018 Guidance Metric ( in millions, excl. per share and LNG data) 2Q 2018 2Q 2017 YTD 2018 YTD 2017 Revenues 1,543 1,241 3,785 2,452 Operating Income 336 274 1,083 650 Net Income 150 21 750…
  14. Second Quarter 2018 Conference Call – Cheniere Energy, Inc. – slide 14
    Corpus Train 3 Highlights and 8-Train Run Rate Guidance Transaction Highlights 8 Train Run Rate Guidance Total cost 3.2 billion fully levered 7 Trains Online 8 Trains Online SPL T1-5, SPL T1-5, ( billions, except per share amounts)…
  15. Second Quarter 2018 Conference Call – Cheniere Energy, Inc. – slide 15
    CHENIERE ENERGY, INC. March 2018 CHENIERE ENERGY, INC. NYSE American: LNG SECOND QUARTER 2018 CONFERENCE CALL August 9, 2018
  16. Second Quarter 2018 Conference Call – Cheniere Energy, Inc. – slide 16
    SPL Project, Train 5 CHENIERE OVERVIEW APPENDIX
  17. Second Quarter 2018 Conference Call – Cheniere Energy, Inc. – slide 17
    Sabine Pass Cargo Destinations More Than 400 Cargoes (1,475 TBtu) Exported from Sabine Pass Since Startup Delivered to 28 Countries and Regions Across the Globe London, U.K. Lithuania, Netherlands, Poland, United Kingdom Japan,…
  18. Second Quarter 2018 Conference Call – Cheniere Energy, Inc. – slide 18
    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…
  19. Second Quarter 2018 Conference Call – 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 Optimize and…
  20. Second Quarter 2018 Conference Call – Cheniere Energy, Inc. – slide 20
    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 95.1% complete overall and has a target…
  21. Second Quarter 2018 Conference Call – Cheniere Energy, Inc. – slide 21
    Corpus Christi LNG Terminal CCL Project Stage 1 Train 1 Trains 1 and 2 are 89.9% complete overall and have target in-service dates of 1H 2019 and Commissioning 2H 2019, respectively CCL Project Stage 2 Final Investment Decision…
  22. Second Quarter 2018 Conference Call – Cheniere Energy, Inc. – slide 22
    Cheniere Corporate Structure Cheniere Energy, Inc. (CEI) (NYSE American: LNG) Cheniere Energy Partners CQP GP Cheniere Marketing, LLC Cheniere CCH LP Holdings, LLC (& IDRs) (CMI) Holdco II, LLC (NYSE American: CQH) Cheniere…
  23. Second Quarter 2018 Conference Call – Cheniere Energy, Inc. – slide 23
    Full Year 2018 Guidance ( billions, except per share amounts) Full Year 2018 Consolidated Adjusted EBITDA 2.3 - 2.5 Distributable Cash Flow 0.40 - 0.55 CQP Distribution per Unit 2.20 - 2.30 CQH Dividend per Share 2.25 - 2.35…
  24. Second Quarter 2018 Conference Call – Cheniere Energy, Inc. – slide 24
    Run Rate Guidance 7 Trains Online 8 Trains Online SPL T1-5, SPL T1-5, (bn, except per share and per unit amounts or unless otherwise noted) CCH T1-2 CCH T1-3 CEI Consolidated Adjusted EBITDA 3.8 - 4.1 4.3 - 4.6 Less: CQP/CQH Minority…
  25. Second Quarter 2018 Conference Call – Cheniere Energy, Inc. – slide 25
    CEI Deconsolidated Five Year Sources and Uses Projected Available Cash Generation: 2018 2022 12.0 bn Sources: 10.9 billion Uses: 10.9 billion Available Free Cash Flow 10.0 1.7 CQP GP / IDR Distributions Grow (SPL T6 Equity from…
  26. Second Quarter 2018 Conference Call – Cheniere Energy, Inc. – slide 26
    Forecasting Points CEI Cash Tax Payments Begin Early - Mid 2020s CQH Tax Sharing Payments Begin Early 2020s 2020 - 2030 Tax Rate Percentage of Pre-Tax Cash Flow CEI 0 - 5% CQH 10 - 15% 2031 - 2040 Tax Rate Percentage of Pre-Tax Cash…
  27. Second Quarter 2018 Conference Call – Cheniere Energy, Inc. – slide 27
    Reconciliation to Non-GAAP Measures Consolidated Adjusted EBITDA Regulation G Reconciliations The following table reconciles our Consolidated Adjusted EBITDA to U.S. GAAP results for the three and six months In addition to disclosing…
  28. Second Quarter 2018 Conference Call – Cheniere Energy, Inc. – slide 28
    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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