Cheniere Energy Partners, Lp · NYSE:CQP
Cheniere Energy Partners, Lp — Investor Presentation (March 2008)
13 slides from Cheniere Energy Partners, Lp's investor presentation, Mar 14, 2008
Slide 1: Cheniere Energy Partners, L.P. March 2008
Cheniere Energy Partners, L.P. March 2008
Slide 2: Forward-looking statements
This presentation contains certain statements that are, or may be deemed to be, "forward-looking statements" within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended, or the Exchange Act. All statements, other than statements of histo
Slide 3: Cheniere Partnership Interests and Asset Development
Cheniere Marketing Asset Development Partnership Interests Cheniere Energy Partners (AMEX: CQP) 91% Freeport LNG (1.5 Bcf/d Terminal) 30% Sabine Pass LNG (4.0 Bcf/d Terminal) Southern Trail Pipeline (1) (Proposed) Creole Trail Pipeline Under construction; estimated construction costs ~ $550 million;
Slide 4: CQP Investment Highlights
CQP Investment Highlights Stable, 20-year cash flows under take-or-pay contracts Strong natural gas fundamentals support increased LNG imports Largest LNG receiving terminal in North America when complete Fully-funded construction costs; leading EPC contractors Focusing on strategic development proj
Slide 5: Sabine Pass LNG Receiving Terminal
Sabine Pass LNG 4 Bcf/d Receiving Terminal Sekine Pass Construction Site — March 2008 + Land — 853 actes in Cameron Parish, LA = Accessibility — Deep Water Ship Channel Sabine River Channel dredged to 40 feot = Proximity — 37 nautica miles from coast 22.8 nautical miles from outer buoy + Berthing/Un
Slide 6: Sabine Pass Terminal Construction March 2008
Sabine Pass Terminal Construction March 2008
Slide 7: Key Milestones
Key Milestones Q3 2008 Expected completion of Phase 1 (2.6 Bcf/d) April 2009 Expected start of Total TUA payments (~$125 million per year) July 2009 Expected start of Chevron TUA payments (~$125 million per year) Q2 2008 Expected start of Cheniere Marketing TUA payments ($5 million per month) 2008 J
Slide 8: Agreements Provide Stable Cash Flows
Agreements Provide Stable Cash Flows (1) Fees do not vary with the actual quantity of LNG processed; tax reimbursement not included in the fees. (2) No inflation adjustments. (3) Subject to annual inflation adjustment. (4) Subject to terminal completion. (5) Cheniere Marketing TUA payments for 2008
Slide 9: Target Market Access
Target Market Access Midwest Markets Northeast Markets Southeast Markets Gulf Coast Markets Mexican Markets
Slide 10: Fuel Efficiency Projects
Fuel Efficiency Projects Projects include installation of waste heat recovery units and ambient air vaporizers Waste heat recovery utilizes waste heat from gas turbine generator exhaust to heat water for use in the submerged combustion vaporizers Ambient air vaporizers reheat LNG without using fuel
Slide 11: Southern Trail Pipeline
Length: ~ 350 miles Diameter: Up to 42-inch segments Completed non-binding open season Pending Final Investment Decision Southern Trail Pipeline Provide Southeast markets with incremental transportation capacity accessing new and existing LNG gas supply in and around Louisiana; nearly 10 Bcf/d regas
Slide 12: Investment Summary
Investment Summary Stable, 20-year cash flows under take-or-pay contracts Strong natural gas fundamentals support increased LNG imports Largest LNG receiving terminal in North America when complete Fully-funded construction costs; leading EPC contractors Focusing on strategic development projects St
Slide 13: Cheniere Energy Partners, L.P. Condensed Balance Sheet
Cheniere Energy Partners, L.P. Condensed Balance Sheet Unrestricted cash - $ Restricted cash and securities (1) 709 Property, plant and equipment 1,127 Goodwill and other assets 69 Total assets 1,905 $ Deferred revenue and other liabilities 100 $ Long-term debt 2,032 Minority interest - Equity (227)
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