CHENIERE ENERGY, INC. CHENIERE ENERGY, INC. NYSE American: LNG Fourth Quarter and Full Year 2019 Conference Call February 25, 2020
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
Fourth Quarter and Full Year 2019 Operating and Financial Highlights Reconfirming Full Year 2020 Guidance Operating Highlights Revenues ( billions, except per unit data) 430 Cargoes Exported in 2019 Consolidated Adjusted EBITDA 3.8…
2019 Achievements At a Glance Execution Growth Financial Corpus Christi Liquefaction Increased Run-Rate Production and Guidance Positive Final Investment Decision Old New Train 1 Completed February ( billions, production mtpa per…
Prioritizing Corporate Responsibility Commitment to a Sustainable Future Climate and Sustainability Principles Established Board and executive-level oversight of ESG and sustainability strategy 1. Science We promote and follow…
Cheniere: Infrastructure Built on Stable, Long-Term Cash Flows Long-Lived Business Model Risk Management Contractual position means short-term market volatility has limited impact on results Strategic Long-Term Growth Marketing…
COMMERCIAL UPDATE Anatol Feygin, EVP and CCO
Europe Absorbed Majority of Growth in LNG Supply in 2019 2019 Incremental Global LNG Supply/Demand MT Imports of U.S. LNG by Region MT 2019 vs. 2018 12 MENA 60% 50 LatAm LNG Demand LNG Supply 10 Europe 50% Asia 6.8 8 40% 45…
2019 Asia LNG Demand Growth Driven by S & SE Asia MT Asia Annual LNG Imports YoY Change MT South & Southeast Asia LNG Imports /MMBtu 28.5 16 12 30 13.5 14.0 23.1 14 12.5 25 11.2 11.0 10 12 10.6 10.5 20 9.5 15.9 8 10 15 11.9 8…
European LNG Imports Increased to New Record Level in 4Q 2019 LNG Imports in Europe Europe Week-End Storage Level YoY Change in EU 28 Power Generation MT % Full TWh (2019 vs 2018) 10 100 100 43.2 73.5 9 90 0.9 50 54.3 8 80 9.5…
FINANCIAL UPDATE Michael Wortley, EVP and CFO
Fourth Quarter and Full Year 2019 Results Summary Results Highlights Three Primary Financial Priorities for 2019 ( millions, except per share and LNG data) 4Q 2019 3Q 2019 2019 2018 Revenues 3,007 2,170 9,730 7,987 72% of LNG…
Full Year 2020 Financial Guidance and Outlook Full ThreeYear 2020 Financial Primary GuidancePriorities for 2019 2020 ThreeOutlook Primary Financial Priorities for 2019 ( billions, except per unit data) Reiterate 2020 financial…
Committed to Discipline in Capital Investment Decisions Growth CapitalFinancial Three Primary Investment Parameters Priorities for 2019 Corpus Christi Stage 3 Unlevered payback 10 years on fixed-fee contracted basis Steps remaining…
CHENIERE ENERGY, INC. CHENIERE ENERGY, INC. NYSE American: LNG Fourth Quarter and Full Year 2019 Conference Call February 25, 2020
APPENDIX
Cheniere LNG Exports More Than 1,000 Cargoes (70 Million Tonnes) Exported from our Liquefaction Projects London, U.K. Washington, DC Beijing, China Tokyo, Japan Houston, TX Singapore MT Cheniere LNG Exports by…
Building an Industry Leading U.S. LNG Export Platform Sabine Pass Liquefaction Project 30 mtpa Total Production Capacity Trains 1-5 operating, contracts with long-term buyers commenced Train 6 under construction, est. completion 1H…
Integrated Platform Creates Commercial Advantage Market leading position along the value chain GAS SUPPLY LIQUEFACTION PORTFOLIO OPTIMIZATION Strong relationships, scale and diversity Best-in-class operations, economically-…
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…
Sabine Pass Liquefaction Update Total Investment: 22B Liquefaction Operations 5 Trains in operation Increased production via maintenance optimization and debottlenecking 900 cargoes produced and exported Growth Train 6…
Corpus Christi Liquefaction Update Total Investment: 16B Liquefaction Operations 2 Trains in Operation Increased production via maintenance optimization and debottlenecking 100 cargoes produced and exported Growth Train 3…
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) -…
Cheniere Debt Summary Cash Balance: 2.5B(1) Cheniere CCH Holdco II, LLC Cheniere Energy, Inc. 1.3B Senior Secured Convertible Notes Cheniere Energy, Inc. 1.4B PIK Convertible Notes due 2021 (4.875%) (NYSE American: LNG) due 2025…
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