Cheniere Quarterly Earnings Presentation Second Quarter 2020 August 6, 2020 NYSE American: LNG
Safe Harbor Statements Forward-Looking Statements This presentation contains certain statements that are, or may be deemed to be, forward-looking statements that our Trains, when completed, will have certain characteristics, including…
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
Second Quarter Operating and Financial Highlights Revenues ( billions, except per unit data) RECONFIRMING 3000 Consolidated Adjusted EBITDA 3.8 - 4.1 2000 FULL YEAR 2020 Distributable Cash Flow 1.0 - 1.3 2,402 GUIDANCE 1000 2,292…
Chenieres Inaugural Corporate Responsibility (CR) Report First and Forward Environment Report developed by deep, cross-functional team Alignment with several TCFD-recommended disclosures in our inaugural CR report spanning 12+ groups…
Commercial Update Anatol Feygin, EVP and CCO
Global LNG Supply Growth Rate Decreased in 1H 2020 Global LNG Supply Variance YoY Quarterly LNG Supply Variance Global LNG Production vs Utilization 1H 2020 vs 1H 2019 Global liquefaction supply adjusted downward Utilization decreased…
Pace of European Gas Receipts Began to Slow in Late 2Q Europe LNG Imports Europe Week End Storage Level Gas Supply/Demand Variance in Europe Sharp declines to ease storage surplus Pipeline flows decreased 6.8 Bcf/d YoY 1H 2020 vs 1H…
Asian Demand Bolstered by China Recovery Asia LNG Imports China Gas and LNG Demand YoY Variance Change in Asia LNG Imports 2Q20 imports decline slightly YoY 1H 2020 vs 1H 2019 1H 2020 vs 1H 2019 MT Bcf/d 30 3 2.5 MT 2.3 5-Yr Range…
Financial Update Zach Davis, SVP and CFO
Second Quarter 2020 Financial Highlights Summary Results Second Quarter 2020 77% of LNG volumes recognized in income in 2Q ( millions, except per share and LNG data) 2Q 2020 1Q 2020 1H 2020 1H 2019 2020 sold pursuant to long-term SPA…
Balance Sheet Update and 2020 Guidance 2.0 Billion SPL Senior Secured Notes due 2030 Proceeds used to redeem SPL Senior Secured Notes due 2021 Full Year 2020 Guidance ( billions, except per unit data) 2.7 Billion CEI Term Loan…
Cheniere Quarterly Earnings Presentation Second Quarter 2020 August 6, 2020 NYSE American: LNG
Appendix
Cheniere LNG Exports More Than 1,175 Cargoes (80 Million Tonnes) Exported from our Liquefaction Projects Cheniere LNG Exports by Destination 10 8 6 4 2 0 1Q 2Q 3Q 4Q 1Q 2Q 2019 2020 Europe Asia Latin America…
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 Trains 1-2 operating, contracts with long-term buyers…
Sabine Pass Liquefaction Update Liquefaction Operations 5 Trains in operation Increased production via maintenance optimization and debottlenecking 1,025 cargoes produced and exported Growth Train 6 positive FID May 2019…
Corpus Christi Liquefaction Update Liquefaction Operations 2 Trains in operation Increased production via maintenance optimization and debottlenecking 150 cargoes produced and exported Growth Train 3 commissioning Expected…
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: 2.0B1 Cheniere Energy, Inc. Cheniere Energy, Inc. 0.5B PIK Convertible Notes due 2021 (4.875%) (NYSE American: LNG) 0.63B Convertible Notes due 2045 (4.250%) Cheniere Corpus Christi Holdings, LLC…
Reconciliation to Non-GAAP Measures Consolidated Adjusted EBITDA Regulation G Reconciliations otherwise predictive or indicative of ongoing operating performance, including The following table reconciles our Consolidated Adjusted EBITDA…
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