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Q1 2020 Earnings Presentation – Cheniere Energy, Inc.

Cheniere Energy, Inc. · Apr 30, 2020 · 24 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. Q1 2020 Earnings Presentation – Cheniere Energy, Inc. – slide 1
    CHENIERE ENERGY, INC. CHENIERE ENERGY, INC. NYSE American: LNG First Quarter 2020 Conference Call April 30, 2020 Inbound Vessel for 1,000th Cargo
  2. Q1 2020 Earnings Presentation – Cheniere Energy, Inc. – slide 2
    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…
  3. Q1 2020 Earnings Presentation – Cheniere Energy, Inc. – slide 3
    OPERATING AND FINANCIAL HIGHLIGHTS Jack Fusco, President and CEO
  4. Q1 2020 Earnings Presentation – Cheniere Energy, Inc. – slide 4
    First Quarter Operating and Financial Highlights Revenues ( billions, except per unit data) RECONFIRMING Consolidated Adjusted EBITDA 3.8 - 4.1 2,261 2,709 FULL YEAR 2020 Distributable Cash Flow 1.0 - 1.3 GUIDANCE CQP Distribution…
  5. Q1 2020 Earnings Presentation – Cheniere Energy, Inc. – slide 5
    Chenieres Response to COVID-19 COMPREHENSIVE SAFETY, Ensuring the health and safety of EMERGENCY RESPONSE, AND our workforce while providing for PROTECTIVE MEASURES IMPLEMENTED business continuity ENGINEERING AND OPERATIONS…
  6. Q1 2020 Earnings Presentation – Cheniere Energy, Inc. – slide 6
    Long-Term Contracts Form Foundation of Our Business Model Premier LNG provider with substantial platform and proven track record (1) Over 5.5 billion in run-rate annual fixed-fee, Full-service LNG offering with customer take-or-pay…
  7. Q1 2020 Earnings Presentation – Cheniere Energy, Inc. – slide 7
    COMMERCIAL UPDATE Anatol Feygin, EVP and CCO
  8. Q1 2020 Earnings Presentation – Cheniere Energy, Inc. – slide 8
    LNG Production Reaches New High While Virus Takes Toll on Market Global LNG Supply Variance YoY LNG Import Variances Expected FIDs 2020-2021 MT MT 1Q 2019 vs. 1Q 2020 1Q 2019 vs. 1Q 2020 mtpa Before and After Market Shocks 2.5 2.2…
  9. Q1 2020 Earnings Presentation – Cheniere Energy, Inc. – slide 9
    EU LNG Flows Strengthen While Storage Remains at Record Levels MT Europe LNG Imports Gas Demand in European Markets Total Pipe Flows to Europe Bcf/d 10 (Bcf/d) Excluding Russian Gas to Turkey 5-Yr Range 38 60 2019 5-Yr Range 2020…
  10. Q1 2020 Earnings Presentation – Cheniere Energy, Inc. – slide 10
    Asia Imports Up 7% as JKT and S. Asia Increase Buying Activity MT Asia LNG Imports YoY Change in Asia LNG Imports 30 MT 1Q 2019 vs. 1Q 2020 70 5-Yr Range 2019 25 68 2020 2.2 (0.9) 66 20 2.2 64 0.7 67.7 15 62 63.5 10 60…
  11. Q1 2020 Earnings Presentation – Cheniere Energy, Inc. – slide 11
    FINANCIAL UPDATE Michael Wortley, EVP and CFO
  12. Q1 2020 Earnings Presentation – Cheniere Energy, Inc. – slide 12
    First Quarter 2020 Financial Highlights SUMMARY RESULTS 79% of LNG volumes recognized in income in 1Q 2020 ( millions, except per share and LNG data) 1Q 2020 4Q 2019 sold pursuant to SPA or IPM agreements Revenues 2,709 3,007…
  13. Q1 2020 Earnings Presentation – Cheniere Energy, Inc. – slide 13
    Financial Position and 2020 Guidance FULL YEAR 2020 GUIDANCE 4 BILLION LIQUIDITY Liquidity available for general corporate purposes, including cash on hand and undrawn balances under the working (1) capital facilities and…
  14. Q1 2020 Earnings Presentation – Cheniere Energy, Inc. – slide 14
    CHENIERE ENERGY, INC. CHENIERE ENERGY, INC. NYSE American: LNG First Quarter 2020 Conference Call April 30, 2020 Inbound Vessel for 1,000th Cargo
  15. Q1 2020 Earnings Presentation – Cheniere Energy, Inc. – slide 15
    APPENDIX
  16. Q1 2020 Earnings Presentation – Cheniere Energy, Inc. – slide 16
    Cheniere LNG Exports More Than 1,100 Cargoes (75 Million Tonnes) Exported from our Liquefaction Projects Cheniere LNG Exports by Destination MT 10 8 6 4 2 0 4Q 1Q 2Q 3Q 4Q 1Q 2018 2019 2020 Europe Asia Latin America…
  17. Q1 2020 Earnings Presentation – Cheniere Energy, Inc. – slide 17
    Building an Industry Leading U.S. LNG Export Platform Corpus Christi LNG Terminal Sabine Pass Liquefaction 15 mtpa Total Production Capacity 30 mtpa Total Production Capacity Train 1 operating, contracts with long-term buyers…
  18. Q1 2020 Earnings Presentation – Cheniere Energy, Inc. – slide 18
    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-…
  19. Q1 2020 Earnings Presentation – Cheniere Energy, Inc. – slide 19
    Sabine Pass Liquefaction Update Total Investment: 22B Liquefaction Operations 5 Trains in operation Increased production via maintenance optimization and debottlenecking 975 cargoes produced and exported Growth Train 6…
  20. Q1 2020 Earnings Presentation – Cheniere Energy, Inc. – slide 20
    Corpus Christi Liquefaction Update Total Investment: 16B Liquefaction Operations 2 Trains in Operation Increased production via maintenance optimization and debottlenecking 140 cargoes produced and exported Growth Train 3…
  21. Q1 2020 Earnings Presentation – Cheniere Energy, Inc. – slide 21
    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…
  22. Q1 2020 Earnings Presentation – Cheniere Energy, Inc. – slide 22
    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) -…
  23. Q1 2020 Earnings Presentation – Cheniere Energy, Inc. – slide 23
    Cheniere Debt Summary Cash Balance: 2.4B(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…
  24. Q1 2020 Earnings Presentation – Cheniere Energy, Inc. – slide 24
    CHENIERE ENERGY, INC. INVESTOR RELATIONS CONTACTS Randy Bhatia Vice President, Investor Relations (713) 375-5479, randy.bhatiacheniere.com Megan Light Director, Investor Relations (713) 375-5492, megan.lightcheniere.com

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