Cheniere Energy, Inc. Corporate Presentation November 2020 NYSE American: LNG
Cheniere Overview
Operating An Industry-Leading LNG Export Platform Premier LNG provider with substantial asset 1 platform 2nd largest LNG operator and 4th largest LNG supplier globally in 2020 Proven track record of execution and operations…
Best-In-Class Operations Premier LNG provider with substantial asset platform Laser-focused on excellence in execution across all facets of our business Proven track record of execution and operations Significant, stable,…
Long-Term Contracts Form Foundation of Our Business Model Premier LNG provider with substantial asset platform Over 5.5 billion(1) in run-rate annual fixed-fee, take-or-pay style revenue from long-term contracts Proven track record…
Contract Structure Underscores Long-Lived Business Model Premier LNG provider with substantial asset Capitalizing on competitive strengths to provide a differentiated platform offering and secure long-term offtake Early Volumes…
Asset Optimization and Expansions Maintenance/production optimization and debottlenecking Premier LNG provider with substantial asset platform opportunities have led to higher expected run-rate production levels and are expected to…
350+ MTPA of Incremental LNG Supply Required by 2040 Premier LNG provider with substantial asset platform Over 360 mtpa of global demand growth projected by 2040 Proven track record of execution and operations Global LNG Supply…
Company Update
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…
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…
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 Actionable 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…
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…
Chenieres Response to COVID-19 COMPREHENSIVE SAFETY, EMERGENCY Ensuring the health and safety of our RESPONSE, AND PROTECTIVE workforce while providing for business MEASURES IMPLEMENTED continuity ENGINEERING AND CONSTRUCTION…
Hurricane Response 1M donated in hurricane relief funds 1000s of volunteer hours towards relief efforts Supply Drive with Houston Astros Foundation to provide critical supplies and equipment 17
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…
Liquefaction Projects Update
Chenieres Liquefaction Platform Leading Process Technology, Equipment, EPC, and Infrastructure Providers Sabine Pass Liquefaction Project Corpus Christi Liquefaction Terminal Creditworthy Counterparties 20
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…
Market Update
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
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 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…
Committed to Discipline in Capital Investment Decisions Growth Capital Investment Considerations Corpus Christi Stage 3 Steps remaining to reach positive Final Investment Decision: Sign creditworthy contracts to underpin growth while…
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…
Appendix
Cheniere Corporate Structure and 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…
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