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Credit Suisse Energy Summit – Cheniere Energy, Inc.

Cheniere Energy, Inc. · Feb 24, 2015 · 36 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. Credit Suisse Energy Summit – Cheniere Energy, Inc. – slide 1
    Cheniere Energy Credit Suisse Energy Summit February 2015
  2. Credit Suisse Energy Summit – Cheniere Energy, Inc. – slide 2
    Executing on Growth Strategy By 2020: 40.5 10% of the 6 Bcf/d total LNG market mtpa LNG by 2019/20 One of the largest One of the largest exporters of LNG on natural gas buyers in a global basis the U.S. 30B+ in U.S. 950…
  3. Credit Suisse Energy Summit – Cheniere Energy, Inc. – slide 3
    Chenieres Key Businesses LNG GAS CHENIERE FUTURE PLATFORM PROCUREMENT MARKETING DEVELOPMENTS Two LNG terminals Providing feedstock LNG sales, FOB or Developing/ located along Gulf for LNG production DES, provided to investing in…
  4. Credit Suisse Energy Summit – Cheniere Energy, Inc. – slide 4
    Cheniere LNG Platform Take or pay contracts are a key value driver, expect 83% of total nominal production capacity under 20year, long term contracts Sabine Pass Liquefaction 6 train development 27 mtpa 3.8 Bcf/d in export…
  5. Credit Suisse Energy Summit – Cheniere Energy, Inc. – slide 5
    LNG Platform G&A % of CAPEX Execution Excellence 20% Peer 18% 18% Avg. 17% Sabine Pass Trains 14 remain on 16% 14% 15% 14% budget and ahead of contractual 14% 12% 12% 11% schedule: T1 & T2 project 81% 10% complete, T3 &…
  6. Credit Suisse Energy Summit – Cheniere Energy, Inc. – slide 6
    Aerial View of SPL Construction January 2015 T1 Methane Cold Box Train 3 Train 4 T1 Ethylene Cold Box Compressor Area Train 1 Air Coolers T2 Methane Cold Box T2 Ethylene Cold Box Propane Condenser Area Train…
  7. Credit Suisse Energy Summit – Cheniere Energy, Inc. – slide 7
    SPL Construction January 2015 8
  8. Credit Suisse Energy Summit – Cheniere Energy, Inc. – slide 8
    Gas Procurement Securing feedstock for LNG production with balanced portfolio approach To date, have entered into term gas supply contracts with producers under 17 year contracts Supply contracts cover 50% of the required…
  9. Credit Suisse Energy Summit – Cheniere Energy, Inc. – slide 9
    Cheniere Marketing Cheniere developing platform for LNG sales to international markets Scale up for 7 mtpa including LNG purchases from Cheniere London, U.K. terminals and other places Buyers & sellers of LNG cargoes Short, mid,…
  10. Credit Suisse Energy Summit – Cheniere Energy, Inc. – slide 10
    Future Developments Horizontal / Vertical Integration Significant Cash LNG expansion Total focus on Flow starting in most likely the cash flow per 2017 first development share as project beyond guiding metric the current for…
  11. Credit Suisse Energy Summit – Cheniere Energy, Inc. – slide 11
    Hydrocarbon Growth Story Continues to Evolve in U.S. Howeverproduction may not be as smooth as some predict Forecast 12 Source: EIA STEO Jan. 2015
  12. Credit Suisse Energy Summit – Cheniere Energy, Inc. – slide 12
    U.S. Responds To Price Signals Faster Than ROW U.S. Shed 475 Rigs in Just 3 Months U.S. Rig Activity 2,000 120 Oil rig count 25% since November 1,500 90 Decelerated faster than 2008 downturn Horizontal count hit 15month low 1,000…
  13. Credit Suisse Energy Summit – Cheniere Energy, Inc. – slide 13
    Markets Face More Cyclical Volatility U.S. LNG projects will have advantage as oillinked LNG developments expected to be increasingly difficult to sanction in more volatile environment Global Crude Prices Entering period of more…
  14. Credit Suisse Energy Summit – Cheniere Energy, Inc. – slide 14
    Estimated CEI EBITDA Per Share Build Up 9 Trains 14.60/Share 9train CEI EBITDA per share 16 Estimated CEI EBITDA per share ( per share) 2.00 14.60 14 1.0 3.20 1.0 12 1.7 10 1.10 1.5 5.50 0.6 0.5 8 1.3 6…
  15. Credit Suisse Energy Summit – Cheniere Energy, Inc. – slide 15
    Targeted CEI EBITDA Per Share Build Up 11 Trains 20/Share, Targeting Future Growth to 30/Share in 2020(1) 11train CEI 22 EBITDA per share 5.60 20.20 Targeted CEI EBITDA per share ( per share) 20 2.0 18 3.6 16 2.00 14…
  16. Credit Suisse Energy Summit – Cheniere Energy, Inc. – slide 16
    Appendix
  17. Credit Suisse Energy Summit – Cheniere Energy, Inc. – slide 17
    Investing in Cheniere Summary Organization Cheniere Energy, Inc. (NYSE MKT: LNG) 80.1% Interest 100% Interest 100% Interest 100% Interest Cheniere Energy Partners Cheniere Corpus Christi Public LP Holdings, LLC Cheniere…
  18. Credit Suisse Energy Summit – Cheniere Energy, Inc. – slide 18
    Operating Assets Sabine Pass LNG Terminal (SPLNG) Creole Trail Pipeline 20
  19. Credit Suisse Energy Summit – Cheniere Energy, Inc. – slide 19
    Contracted Capacity at SPLNG Third Party Terminal Use Agreements (TUAs) Longterm, 20 year takeorpay style commercial contracts 253MM annual fixed fee revenue Total Gas & Power N.A. Chevron U.S.A. Inc. Capacity 1.0 Bcf/d 1.0…
  20. Credit Suisse Energy Summit – Cheniere Energy, Inc. – slide 20
    Creole Trail Pipeline In May 2013, Cheniere Partners acquired CTPL from Cheniere Energy, Inc. for 480MM, and following the sale CTPL secured a 400 million senior secured term loan facility CTPL is fully contracted with expected…
  21. Credit Suisse Energy Summit – Cheniere Energy, Inc. – slide 21
    LSTK EPC Contracts with Bechtel Minimize Construction Costs and Risks Bechtel was the EPC contractor for the regasification project at the Why Bechtel Sabine Pass LNG terminal, which was constructed on time and on budget Proven…
  22. Credit Suisse Energy Summit – Cheniere Energy, Inc. – slide 22
    Timeline & Milestones Target Date SPL Corpus SPL Milestone T12 T34 Christi T56 Initiate permitting process (FERC & DOE) T1T2 T5 Commercial agreements T3: 2015 T6: 2015 EPC contract 2015 Financing commitments 2015…
  23. Credit Suisse Energy Summit – Cheniere Energy, Inc. – slide 23
    Conversion of Class B and Subordinated Units Class B Units: Mandatory conversion: within 90 days of the substantial completion of Train 3 Optional conversion by a Class B unitholder may occur at any of the following times: After 83…
  24. Credit Suisse Energy Summit – Cheniere Energy, Inc. – slide 24
    Projected Global LNG Demand Robust Growth Demand forecasted to increase by 215 mtpa to 2025, a 6% CAGR Average of 23 mtpa of new liquefaction capacity needed each year(1) Europe 24 64 90 2015 2020 2025 Asia 323 Americas…
  25. Credit Suisse Energy Summit – Cheniere Energy, Inc. – slide 25
    Sabine Pass Liquefaction Brownfield LNG Export Project Utilizes Existing Assets, Trains 14 Fully Contracted, Under Construction Current Facility 1,000 acres in Cameron Parish, LA 40 ft. ship channel 3.7 miles from coast 2 berths;…
  26. Credit Suisse Energy Summit – Cheniere Energy, Inc. – slide 26
    LNG Sale and Purchase Agreements (SPAs) Sabine Pass Liquefaction 20 mtpa takeorpay style commercial agreements 2.9B annual fixed fee revenue for 20 years BG Gulf Coast LNG Gas Natural Fenosa Korea Gas Corporation GAIL (India)…
  27. Credit Suisse Energy Summit – Cheniere Energy, Inc. – slide 27
    SPL Construction Completion Schedules Trains 14 2012 2013 2014 2015 2016 2017 2018 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54…
  28. Credit Suisse Energy Summit – Cheniere Energy, Inc. – slide 28
    Sabine Pass Terminal Accessible Pipeline Network Procurement of Gas Supply SPL contracting direct pipeline transport capacity Creole Trail P/L: 1.5 Bcf/d Natural Gas P/L: 0.5 Bcf/d Transco P/L: 1.2 Bcf/d Kinder Morgan LA P/L:…
  29. Credit Suisse Energy Summit – Cheniere Energy, Inc. – slide 29
    Corpus Christi Liquefaction Project Proposed 3 Train Facility HoustonNew Orleans 1,000 acres owned and/or controlled Corpus Christi 2 berths, 3 LNG storage tanks (10.1 Bcfe of storage) Gulf of Mexico Key Project Attributes 45 ft.…
  30. Credit Suisse Energy Summit – Cheniere Energy, Inc. – slide 30
    Corpus Christi Liquefaction SPAs SPA progress: 8.42 mtpa takeorpay style commercial agreements 1.5B annual fixed fee revenue for 20 years PT Pertamina Woodside Energy lectricit de EDP Energias de (Persero) Endesa S.A. Iberdrola…
  31. Credit Suisse Energy Summit – Cheniere Energy, Inc. – slide 31
    Corpus Christi Terminal Accessible Pipeline Network Procurement of Gas Supply CCL contracting longterm direct and upstream pipeline transport capacity Tennessee P/L: 0.3 Bcf/d KM Tejas P/L: 0.25 Bcf/d CCL purchasing natural gas…
  32. Credit Suisse Energy Summit – Cheniere Energy, Inc. – slide 32
    Regulatory Approvals Needed for Corpus Christi and SPL Trains 56 Approvals expected 2015 Corpus Christi Trains 13 FERC: Received FERC authorization December 30, 2014 DOE: Received FTA authorization DOE: NonFTA authorization is…
  33. Credit Suisse Energy Summit – Cheniere Energy, Inc. – slide 33
    Applications Filed with FERC for Liquefaction Projects Continental U.S. FERC FERC Scheduled DOE Quantity FERC EIS / Under LNG Export Projects Application Scheduling Date for EIS FERC Approval Non FTA Bcf/d Prefiling Date EA…
  34. Credit Suisse Energy Summit – Cheniere Energy, Inc. – slide 34
    Chenieres Debt Summary As of February 2015 ( in millions) Cheniere Energy, Inc. 1,000 PIK Convertible (NYSE MKT: LNG) Notes due 2021 (4.875%) Cheniere Energy Partners LP Corpus Christi CQP GP Cheniere Marketing, No Debt…
  35. Credit Suisse Energy Summit – Cheniere Energy, Inc. – slide 35
  36. Credit Suisse Energy Summit – Cheniere Energy, Inc. – slide 36
    Investor Relations Contacts Randy Bhatia: Director, Finance and Investor Relations (713) 3755479, randy.bhatiacheniere.com Christina Burke: Manager, Investor Relations (713) 3755104, christina.burkecheniere.com

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