CHENIERE ENERGY, INC. CHENIERE ENERGY, INC. NYSE American: LNG Third Quarter 2019 Conference Call November 1, 2019
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…
OPERATING AND FINANCIAL HIGHLIGHTS Jack Fusco, President and CEO
Third Quarter 2019 Operating and Financial Highlights Revenues Operations and Commercial Full Year 2020 Guidance Integrated Production Marketing (IPM) ( billions, except per unit data) 0.85 mtpa 15 years Consolidated Adjusted EBITDA…
Liquefaction Project Operations and Development Construction Update(1) 60 Million Tonnes 850 Cargoes Exported Since Inception Exported Since Inception Corpus Christi Train 3 project completion 68.6% Target completion moved forward to…
2020 Key Priorities Corpus Christi Train 3 in foreground Deliver on 2020 Guidance Achieve DFCD for Corpus Christi Train 2 Pursue Additional Development Stable 7-Train operations, with more production Opportunities and Maintain…
COMMERCIAL UPDATE Anatol Feygin, EVP and CCO
Supply Growth Continued Pressure on Market Pricing 2019 Incremental Global LNG Supply/Demand Year over Year Supply / Demand Variance 3Q 2018 vs. 3Q 2019 MT MT 14 14 Global Supply LNG Demand LNG Supply 12 Asia Demand 10 12 2.3 8…
European LNG Imports Decreased From Second Quarter Peak LNG Imports in Europe Gas Storage in Europe Gas Power Generation in Europe MT 9 % of Full aGWh/d Germany France Italy Spain 100 2000 8 75 1500 7 50 1000 5-Yr Range 25…
South East Asia Leading Demand Recovery Asia LNG Imports Dispersed Coal Heating Replacement Targets MT For 28 cities in North China (unit in household) 25 Million Total Coal Displacement Targets Households 20 6 5.24 5 15 4…
FINANCIAL UPDATE Michael Wortley, EVP and CFO
Third Quarter 2019 Results Summary Results Three Primary Financial Priorities for 2019 Highlights ( millions, except per share and LNG data) 3Q 2019 2Q 2019 YTD 2019 YTD 2018 73% of LNG volumes recognized in income in 3Q 2019 (2)…
2019 and 2020 Full Year Guidance Full ThreeYear 2019 Financial Primary GuidancePriorities for 2019 2020 ThreeOutlook Primary Financial Priorities for 2019 ( billions, except per unit data) Stable operations with seven Trains in…
Balance Sheet Management and Capital Allocation Update Key Achievements Three Primary Financial Priorities for 2019 Project-Level Three PrimaryDebt Maturities Financial Priorities for 2019 CQP issued 1.5B 4.50% Senior Notes due…
CHENIERE ENERGY, INC. CHENIERE ENERGY, INC. NYSE American: LNG Third Quarter 2019 Conference Call November 1, 2019
APPENDIX
Cheniere LNG Exports More Than 850 Cargoes (60 Million Tonnes) Exported from our Liquefaction Projects London, U.K. Washington, DC Beijing, China Tokyo, Japan Houston, TX Singapore Cheniere LNG Exports by Destination…
Substantial Asset Platform and Global Footprint Building an Industry Leading U.S. LNG Export Platform Sabine Pass Liquefaction Project 27 mtpa(1) Liquefaction Capacity Trains 1-5 operating, contracts with long-term buyers commenced…
Integrated Platform Creates Commercial Advantage Market leading position along the value chain GAS SUPPLY LIQUEFACTION PORTFOLIO OPTIMIZATION Significant consumer of U.S. natural gas Second largest operator of liquefaction Loaded…
Competitive Differentiators Drive Continued Growth Over 9 mtpa of long-term deals executed since early 2018 Capitalizing on competitive strengths to provide a differentiated product and underwrite new liquefaction capacity Transaction…
Innovation Brings Continued Commercial Success Integrated Production Marketing (IPM) Transactions with Apache and EOG Resources How IPM Works Core Principles Producers will sell natural gas to Cheniere (Corpus Christi) Provides…
Sabine Pass Liquefaction Project Liquefaction Trains 1-5 Trains 1 5, Supporting Infrastructure, and Trains 1 through 5 complete and in operation all on budget and ahead of schedule Regasification Assets Train 6 Under construction,…
Corpus Christi LNG Terminal CCL Project Trains 1-3 Train 2 In Operation Trains 1 and 2 complete and in operation on budget and ahead of schedule Train 1 Train 3 is 68.6% complete overall and has a target substantial completion of 1H…
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…
Run-Rate Guidance 9 Trains (2023) SPL T1-6 (bn, except per share and per unit amounts or unless otherwise noted) CCL T1-3 CEI Consolidated Adjusted EBITDA 5.2 - 5.6 Less: Distributions to CQP Non-Controlling Interest (0.9) -…
Forecasting Points Tax Assumptions Cheniere cash tax payments begin early-mid 2020s Average tax rate as percentage of pre-tax cash flow: 2020 2030: 0-5% 2031 2040: 15-20% 2020 2030 tax rate primarily due to 80% NOL limitation…
Cheniere Debt Summary Cash Balance: 2.5B(1) Cheniere CCH Holdco II, LLC Cheniere Energy, Inc. 1.6B Senior Secured Convertible Notes Cheniere Energy, Inc. 1.4B PIK Convertible Notes due 2021 (4.875%) (NYSE American: LNG) due 2025…
Loading...
