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August 2018 Investor Presentation – Cheniere Energy, Inc.

Cheniere Energy, Inc. · Aug 27, 2018 · 35 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. August 2018 Investor Presentation – Cheniere Energy, Inc. – slide 1
    CHENIERE ENERGY, INC. March 2018 CHENIERE ENERGY, INC. NYSE American: LNG CORPORATE PRESENTATION August 2018
  2. August 2018 Investor Presentation – 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. August 2018 Investor Presentation – Cheniere Energy, Inc. – slide 3
    COMPANY OVERVIEW
  4. August 2018 Investor Presentation – Cheniere Energy, Inc. – slide 4
    Cheniere Investment Thesis Full-service LNG offering, including gas procurement, transportation, liquefaction, and shipping enables flexible solutions tailored to customer needs Positioned as premier LNG provider, with a proven…
  5. August 2018 Investor Presentation – Cheniere Energy, Inc. – slide 5
    Chenieres Expansive Footprint Sabine Pass Liquefaction Corpus Christi LNG Terminal Domestic Pipelines and Legacy Global Corporate Footprint to Project (SPL Project) Assets Facilitate Growth First greenfield LNG export facility in…
  6. August 2018 Investor Presentation – Cheniere Energy, Inc. – slide 6
    Consistently Delivering on Our Promises Cheniere is well-positioned for success as a global Four Trains at Sabine Pass completed within 17 months LNG market leader and I look forward to building upon safely, within budget, and ahead of…
  7. August 2018 Investor Presentation – Cheniere Energy, Inc. – slide 7
    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,…
  8. August 2018 Investor Presentation – Cheniere Energy, Inc. – slide 8
    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…
  9. August 2018 Investor Presentation – Cheniere Energy, Inc. – slide 9
    Depth of Expertise and Portfolio Provide Major Competitive Advantages Liquefaction Capacity Term FOB Offtake 8 Trains 36 mtpa nominal capacity 80-90% contracted(1) Large-Scale Existing Platform Reliable LNG production…
  10. August 2018 Investor Presentation – Cheniere Energy, Inc. – slide 10
    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…
  11. August 2018 Investor Presentation – Cheniere Energy, Inc. – slide 11
    LIQUEFACTION PROJECTS UPDATE
  12. August 2018 Investor Presentation – Cheniere Energy, Inc. – slide 12
    LNG Projects Update Construction Operations Progressing Efforts on Accelerated Schedules Reinforcing Global Reputation of Reliability 96.4% Overall Commissioning activities Managing plant variations and maintenance at Sabine Pass to…
  13. August 2018 Investor Presentation – Cheniere Energy, Inc. – slide 13
    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 96.4% complete overall and has a target…
  14. August 2018 Investor Presentation – Cheniere Energy, Inc. – slide 14
    Corpus Christi LNG Terminal CCL Project Stage 1 Stage 3 FERC Application FIled Trains 1 and 2 are 91.2% complete overall and have target in-service dates of 1H 2019 and 2H 2019, respectively CCL Project Stage 2 Final Investment…
  15. August 2018 Investor Presentation – Cheniere Energy, Inc. – slide 15
    Cheniere Liquefaction Projects at a Glance Sabine Pass Liquefaction Project Corpus Christi Liquefaction Project Liquefaction Technology EPC Contractor Creditworthy SPA Counterparties Maintenance Contract Servicer Total…
  16. August 2018 Investor Presentation – Cheniere Energy, Inc. – slide 16
    CHENIERE OVERVIEW LNG MARKET OUTLOOK
  17. August 2018 Investor Presentation – Cheniere Energy, Inc. – slide 17
    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…
  18. August 2018 Investor Presentation – Cheniere Energy, Inc. – slide 18
    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…
  19. August 2018 Investor Presentation – Cheniere Energy, Inc. – slide 19
    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…
  20. August 2018 Investor Presentation – Cheniere Energy, Inc. – slide 20
    SPL Project CHENIERE OVERVIEW FINANCIAL UPDATE
  21. August 2018 Investor Presentation – Cheniere Energy, Inc. – slide 21
    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…
  22. August 2018 Investor Presentation – Cheniere Energy, Inc. – slide 22
    Corpus Train 3 Highlights and 8-Train Run Rate Guidance Transaction Highlights 8 Train Run Rate Guidance 7 Trains Online 8 Trains Online 7 Tra Total cost 3.2 billion fully levered 7 Trains SPLOnline T1-5, 8 Trains SPLOnline…
  23. August 2018 Investor Presentation – Cheniere Energy, Inc. – slide 23
    New LNG Investment Considerations Evolving Fundamentals Facilitate Flexible Solutions Strong cash flows from first trains and corporate debt capacity enable flexibility High performance levels and focus on operational excellence…
  24. August 2018 Investor Presentation – Cheniere Energy, Inc. – slide 24
    Cheniere Investment Thesis Full-service LNG offering, including gas procurement, transportation, liquefaction, and shipping enables flexible solutions tailored to customer needs Positioned as premier LNG provider, with a proven…
  25. August 2018 Investor Presentation – Cheniere Energy, Inc. – slide 25
    CHENIERE OVERVIEW APPENDIX
  26. August 2018 Investor Presentation – Cheniere Energy, Inc. – slide 26
    LNG Production Capacity Adjusted nominal capacity is expected Nominal Adjusted Capacity to range between 4.3 and 4.6 mtpa in Capacity run-rate years Preliminary overdesign assessment in progress; requires Debottleneck Maintenance…
  27. August 2018 Investor Presentation – Cheniere Energy, Inc. – slide 27
    Cheniere Debt Summary CEI Revolver Cheniere Energy, Inc. (CEI) 0.75B senior secured revolving credit facility due 2021 CEI Cash Balance: 0.9B(1) Convertible Debt (NYSE American: LNG) 1.0B PIK Convertible Notes due 2021 (4.875%) 0.6B…
  28. August 2018 Investor Presentation – Cheniere Energy, Inc. – slide 28
    Project Balance Sheets Underpinned by Strong Counterparty Credits SPL and CCL Projects Counterparty Exposure 14 External SPA Customers(1) NR Take or pay style sale and purchase agreements (SPAs) with 2.4% 13 of 14 external…
  29. August 2018 Investor Presentation – Cheniere Energy, Inc. – slide 29
    Run Rate Guidance 7 Trains Online 7 8 Trains Online 7 Trains SPLOnline T1-5, 8 Trains SPLOnline T1-5, (bn, except per share and per unit (bn, amounts except or unless per share otherwise and per noted) unit amounts or…
  30. August 2018 Investor Presentation – Cheniere Energy, Inc. – slide 30
    Run Rate Guidance: Impact of Additional Train at SPL Additional Run-Rate Distributable Cash Flow 8 Trains Online 9 Trains Online SPL T1-5, SPL T1-5, SPL T6 (2) SPL SPL T-6, T1-6, (bn, except per share and per unit amounts or…
  31. August 2018 Investor Presentation – Cheniere Energy, Inc. – slide 31
    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…
  32. August 2018 Investor Presentation – Cheniere Energy, Inc. – slide 32
    Long-term Capital Structure Plan Utilize leverage capacity at CQP and CEI (the corporate levels) to delever SPL and CCH (the project levels) over the next 5-10 years Debt incurrence test will force the deleveraging of SPL and CCH…
  33. August 2018 Investor Presentation – Cheniere Energy, Inc. – slide 33
    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…
  34. August 2018 Investor Presentation – Cheniere Energy, Inc. – slide 34
    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…
  35. August 2018 Investor Presentation – Cheniere Energy, Inc. – slide 35
    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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