Cheniere Quarterly Earnings Presentation Third Quarter 2020 November 6, 2020 NYSE American: LNG
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 Highlights and Guidance Update 2500 Revenues Financial Guidance 2000 FY 2020 FY 2021 ( billions, except per unit data) 1500 1000 2,170 Consolidated Adjusted EBITDA 3.8 - 4.1 3.9 - 4.2 1,460 Distributable Cash Flow…
Operational Excellence Creates Additional Marketable LNG Run Rate Liquefaction Capacity Per Train1 Strategically Focused On Terming Out Marketing Volumes Over 12% increase in midpoint run rate production Enhance cash flow stability…
Strategically Identifying Environmental Solutions Focused on efforts in key areas along value chain to improve resiliency and sustainability of LNG Sabine Pass and Digital Emissions Upstream Procurement LNG Shipping Corpus Christi…
Commercial Update Anatol Feygin, EVP and CCO
Global LNG Trade Exhibiting Flexibility and Resilience Global LNG Supply & Demand Variance Monthly LNG Supply Variance YTD LNG Import Leaders (1-3Q 2020 vs. 1-3Q 2019) (2020 vs. 2019) (1-3Q 2020 vs. 1-3Q 2019) MT MT MT 4 5 15 Supply…
LNG Market Recovering from June Lows Europe LNG Imports Gas Demand in Major European Markets European and Asian Gas Prices 9% lower YOY in 3Q due to production curtailments Recovered from lows and remaining steady Found support as…
Policy Initiatives Fueling Infrastructure Spend and LNG Demand Growth Market Policy Infrastructure LNG Regasification Capacity Under Global LNG Trade Forecasts 45+ mtpa of regas capacity under Construction and Planned by 2025 Cheniere…
Financial Update Zach Davis, SVP and CFO
Third Quarter 2020 Financial Highlights Summary Results 3Q 2020 results impacted by timing of revenue recognition Third Quarter 2020 related to canceled cargoes ( millions, except per share and LNG data) 3Q 2020 2Q 2020 YTD 2020 YTD 2019…
2021 and Increased Run Rate Guidance Full Year 2021 Guidance Run Rate Guidance ( billions, except per unit data) ( billions except LNG, per share, and per unit data) Consolidated Adjusted EBITDA 3.9 - 4.2 Consolidated Adjusted EBITDA…
2021 Free Cash Flow Inflection Creates Capital Allocation Flexibility Significant Free Cash Flow Expected in 2021 Free Cash Flow Drives Capital Allocation Flexibility Completion of Corpus Christi Train 3 expected to Debt Reduction is…
Cheniere Quarterly Earnings Presentation Third Quarter 2020 November 6, 2020 NYSE American: LNG
Appendix
Cheniere LNG Exports More Than 1,250 Cargoes (85 Million Tonnes) Exported from our Liquefaction Projects Cheniere LNG Exports by Destination MT 10 8 6 4 2 0 2Q 3Q 4Q 1Q 2Q 3Q 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 Update Liquefaction Operations 5 Trains in operation Increased production via maintenance optimization and debottlenecking 1,075 cargoes produced and exported Growth Train 6 positive FID May 2019 Expected completion…
Corpus Christi Update Liquefaction Operations 2 Trains in operation Increased production via maintenance optimization and debottlenecking 180 cargoes produced and exported Growth Train 3 commissioning Expected completion 1Q…
Cheniere Corporate Structure Cheniere Energy, Inc. (NYSE American: LNG) CQP GP Cheniere Corpus Cheniere Marketing (& IDRs) Christi Holdings Cheniere Energy Corpus Christi Cheniere Corpus Partners, L.P. Liquefaction Christi…
Run Rate Guidance 9 Trains (Full Year) SPL T1-6 (billions, except per share and per unit amounts or unless otherwise noted) CCL T1-3 CEI Consolidated Adjusted EBITDA 5.3 - 5.7 Less: Distributions to CQP Non-Controlling Interest…
Cheniere Debt Summary Cash Balance: 2.1B1 Cheniere Energy, Inc. Cheniere Energy, Inc. 0.5B PIK Convertible Notes due 2021 (4.875%) 0.63B Convertible Notes due 2045 (4.250%) (NYSE American: LNG) Cheniere Corpus Christi Holdings, LLC…
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