Cheniere Earnings Presentation Fourth Quarter and Full Year 2021 February 24, 2022 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
Fourth Quarter 2021 Highlights and 2022 Guidance Update Consolidated Adjusted EBITDA Financial Guidance Midpoint of initial ( billions, except per unit data) Initial FY 2022 Revised FY 2022 guidance range Consolidated Adjusted…
The Power of the Cheniere Platform Sabine Pass Train 6 Construction P Corpus Christi Train 3 Substantial Completion P Substantial Completion Milestones All 9 trains completed ahead of schedule and within budget 2021 4.9 Billion…
2022 Priority Goals DELIVER ON REVISED FID CORPUS CHRISTI LEAD ON ACTIONABLE ESG FINANCIAL GUIDANCE STAGE 3 INITIATIVES Continued operational excellence across platform Finalize EPC contract with Bechtel Begin providing cargo…
Commercial Update Anatol Feygin, EVP and CCO
Global LNG Trade Exceeds Pre-Pandemic Levels Global LNG Demand Global LNG Supply Annual Change (2021 2020) Monthly Price vs. Daily Move Global LNG consumption rose 5% in 2021, amid intense Annual global exports back to pre-pandemic…
LNG Provides Relief to Tight Markets Europe LNG Imports EU Gas Storage Surplus / Deficit vs. TTF Asia LNG Imports European imports rebounded in Q4 as tight balances TTF prices reached new highs attracting cargoes away from While Q4 was…
LNG Market Environment Supports Long-Term Contracts LNG Contracts Signed Annually Long-term Gulf Coast Margins Contract activity picked up in 2021, with volume for mid- and long-term deals up 80% Gulf Coast margins through 2024 have…
Financial Update Zach Davis, EVP and CFO
Fourth Quarter and Full Year 2021 Financial Highlights Summary Results Record 4.9 billion of Consolidated Adjusted EBITDA ( millions, except per share and LNG data) 4Q 2021 3Q 2021 FY 2021 FY 2020 Record 2.0 billion of Distributable Cash…
Raising Full Year 2022 Financial Guidance Full Year 2022 Guidance FY 2022 forecast improved due to the early substantial completion of Sabine Pass Train 6, higher market margins and Initial FY 2022 Revised FY 2022 timing of year-end…
Cheniere Earnings Presentation Fourth Quarter and Full Year 2021 February 24, 2022 NYSE American: LNG
Appendix
Cheniere LNG Exports More than 2,000 Cargoes Exported from our Liquefaction Projects Cheniere LNG Exports by Destination MT 12 10 8 6 4 2 0 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 2020 2021 Europe Asia Latin America MENA Cheniere…
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 1-3 operating, contracts with long-term buyers Trains 1-6…
Sabine Pass Update Liquefaction Operations 6 Trains in operation Increased production via maintenance optimization and debottlenecking 1,550 cargoes produced and exported Growth 3rd berth expansion 73.4% complete Evaluating…
Corpus Christi Update Liquefaction Operations 3 Trains in operation Increased production via maintenance optimization and debottlenecking 450 cargoes produced and exported Growth 10+ mtpa Stage 3 expansion project fully…
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: 1.4B1 Cheniere Energy, Inc. Cheniere Energy, Inc. 0.63B Convertible Notes due 2045 (4.250%)4 (NYSE American: LNG) 2.0B Senior Notes due 2028 (4.625%) Cheniere Corpus Christi Holdings, LLC 1.25B…
Reconciliation to Non-GAAP Measures (continued) Regulation G Reconciliations (continued) Beginning with our 2022 financial guidance, we have adopted a revised definition for Distributable Cash Flow, which aims to more accurately reflect…
Investor Relations Contacts Randy Bhatia Vice President, Investor Relations (713) 375-5479, randy.bhatiacheniere.com Frances Smith Manager, Investor Relations (713) 375-5753, frances.smithcheniere.com 2021 Cheniere Energy, Inc. All…
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