CHENIERE ENERGY, INC. March 2018 CHENIERE ENERGY, INC. NYSE American: LNG CORPORATE PRESENTATION May 2018
SPL Project CHENIERE OVERVIEW COMPANY OVERVIEW
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 track…
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…
Robust LNG Market Reinforces Positive Outlook for Cheniere LNG Market Fundamentals Supportive Shipping Market Strong Commodity Pricing LNG demand growth continues to Vessel day rates 50% of peak 1Q 2018 LNG pricing more than outpace…
Continuing Our Successful Execution Track Record Four Trains brought online in 17 months safely, on time, Successful sale and delivery of portfolio volumes and and on budget capture of optimization opportunities Over 14 million tonnes…
Sabine Pass Cargo Destinations Approximately 350 Cargoes (1,250 TBtu) Exported from Sabine Pass Since Startup Delivered to 26 Countries and Regions Across the Globe London, U.K. Poland, Lithuania, Netherlands, United Kingdom…
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…
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…
Existing LNG Platform Creates Advantages for Growth Construction Operations Significant infrastructure investment at Corpus Christi and Ability to scale quickly and effectively Sabine Pass sites Scale helps improve operating margin…
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 Under Construction Train 5 is 89.3% complete overall and has a target…
Corpus Christi LNG Terminal CCL Project Stage 1 Train 3 FID Expected Imminently Trains 1 and 2 are 85.7% complete overall and have target in-service dates of 1H 2019 and 2H 2019, respectively CCL Project Stage 2 Train 3 early…
Cheniere Liquefaction Projects at a Glance Sabine Pass Liquefaction Project Corpus Christi Liquefaction Project Liquefaction Technology EPC Contractor Financial Partner Creditworthy SPA Counterparties Maintenance…
CHENIERE OVERVIEW LNG MARKET OUTLOOK
Supply Growth Cleared By Strong Asian Demand 2018 Incremental Global LNG Supply & Demand YTD JKM and HH Prices as Percentage of JCC (through end-March 2018) 20% LNG Demand LNG Supply 18% mtpa 10 16% 0.5 (0.4) 14% 9.1 (0.9) JKM…
U.S. Continues to Satisfy the Call on LNG in Asia Quarterly YoY LNG Import Leaders Chinas Top 5 LNG Suppliers (Incremental Q1 2018 vs Q1 2017) (1Q 2018) 6 mtpa Asia Continues to be the 5 4.9 6 mtpq Main Driver of Global 4 Q1…
Operating Capabilities Key to Project Success Sabine Pass Gas Supply Volumes 3.5 Tbtu/day Cheniere is Now the 3.0 Largest Consumer of 2.5 Natural Gas in the U.S. 2.0 1.5 1.0 0.5 Average daily quantity Average daily…
LNG Supply v. Demand Forecast Supportive of Long-Term Growth 2015 to 2030 Production capacity 2015/2020 CAGR(%) = 4.8 500 100 LNG trade 80 forecast 60 2020 New supply mtpa 40 400 20 2015 0 Malaysia US Qatar Australia…
SPL Project CHENIERE OVERVIEW FINANCIAL UPDATE
First Quarter 2018 Results Metric ( in millions, excl. per share and LNG data) 1Q 2018 1Q 2017 Revenues 2,242 1,211 Operating Income 747 376 Net Income 600 172 Net Income Attributable to Common Stockholders 357 54 Net Income per…
2018 Guidance ( billions, except per share amounts) FY 2018 Consolidated Adjusted EBITDA 2.3 - 2.5 Distributable Cash Flow 0.35 - 0.55 CQP Distribution per Unit 2.20 - 2.30 CQH Dividend per Share 2.25 - 2.35 Consolidated Adjusted…
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…
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 track…
CHENIERE OVERVIEW APPENDIX
Cheniere Debt Summary CEI Revolver Cheniere Energy, Inc. (CEI) 0.75B senior secured revolving credit facility due 2021 CEI Cash Balance: 0.7B(1) Convertible Debt (NYSE American: LNG) 1.0B PIK Convertible Notes due 2021 (4.875%) 0.6B…
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…
Reconciliation to Non-GAAP Measures Regulation G Reconciliations Consolidated Adjusted EBITDA In addition to disclosing financial results in accordance with U.S. GAAP, the accompanying news release contains non-GAAP financial measures.…
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