New Fortress Energy Inc. · NASDAQ:NFE
New Fortress Energy — Investor Presentation (January 2025)
21 slides from New Fortress Energy's investor presentation, Jan 28, 2025
Slide 1: Investor Update January 2025
January 2025 Investor Update A NewFortress energy
Slide 2: NFE Corporate Overview
NFE Corporate Overview 2. FLNG 1 Overview 3. FLNG 2 Overview
Slide 3: NFE Corporate Overview
NFE Corporate Overview Terminals) Customers served”) = 251 TBtu 12 years 2026 estimated LNG ‘Avg. contract Za Montego Bay / Old Harbour / supply & demand®) duration”) (EE \ Jamalco CHP, Jamaica La Paz, Mexico ~ ~~, (, n Juan, Puerto Rico, . DN. ~9 GW 4.2 MTPA Altantiva, Mexic Power owned, Liquefacti
Slide 4: NFE is reaffirming guidance for Q4 & FY 2024
NFE Corporate Overview NFE is reaffirming guidance for O4 & FY 2024 rack for 2024 AEBITDA target of $835 - $855 Forecast + FLNG 1 advancing in Smm, except where noted 2023 Q1-24 Q2-24 3-24 4-24 2024 Pe een phase producing above 1.4.MTPA nameplate capacity he Seren $2,435 $690 $428 $525 ~$475() ~$2.1
Slide 5: Notable events: Fast LNG, Puerto Rico, Brazil, refinancing
Fast LNG Puerto Rico Corporate refinancing NFE Corporate Overview Notable events In final phase of commissioning Have completed 9 portfolio cargo transfers Expect annual production to be in excess of nameplate capacity Signed new GSA for 478 MW power plant * 20-year HH based gas contract with signif
Slide 6: NFE Corporate Overview
NFE Corporate Overview NFE's first country ~10 years ago Series of gas & power customer contracts with significant duration (~20 years) * Long-term gas supply matches downstream demand; provides stable net margins with minimal commodity exposure Significant growth opportunities for new power & bunke
Slide 7: NFE Corporate Overview
1. NFE Corporate Overview (2. FLNG 1 Overview: 3. FLNG 2 Overview
Slide 8: How did we build Fast LNG 1?
FLNG 1 Overview How did we build Fast LNG 1? Built “modules” at Kiewit shipyard utilizing existing LNG technology (jackup rigs) Selected blue chip partners for engineering, procurement & construction “hese; Used existing marine infrastructure T ZS = SIEMENS Baker Arendal FLUOR, Honeywell @Kiewit
Slide 9: First LNG cargoes sold to date
FLNG 1 Overview First LNG(5) 9 cargoes A sold to date
Slide 10: FLNG is producing above nameplate capacity
FLNG 1 Overview FLNG 1 is producing above name plate capacity FLNG 1 has been steadily producing at 1.67 MTPA (440 m3/hour) 120% of name plate capacity FLNG 1 production 11,000.00 Cold box LNG production 10,500.00 = —+ 10,000.00 9,500.00 9,000.00 Nameplate capacity 8,500.00 8,000.00 7,500.00 1/17/20
Slide 11: Only Gulf Coast liquefier permitted to export LNG to Puerto Rico
FLNG 1 Overview FLNG 1 is the only LNG liquefier in the Gulf Coast that is permitted to export LNG to Puerto Rico Current downstream.committed volumes. ~75 TBtu.with.potential to grow.to.~200+ TBtu with short-term conversion opportunities & long-term new build opportunities in Puerto Rico Shuttle sh
Slide 12: Phase I: Existing FLNG & power plants
PhaseJ: Existing FLNG 1 & power plants FLNG 1: 1.4 MTPA online (offshore) San Juan LNG terminal & power plants FLNG 1 Overview 12
Slide 13: NFE Corporate Overview
1. NFE Corporate Overview 2. FLNG 1 Overview 13,
Slide 14: FLNG 2 leverages FLNG 1 design and engineering
FLNG 2 Overview @ ©O 8 | Reduced costs & increased speed to operations by leveraging FLNG 1 design & engineering Cost synergies as result of shared personnel, management & logistics Time & price certainty as result of turnkey-EPC, procurement of long lead time equipment, & advanced engineering & civ
Slide 15: Identical equipment procured for FLNG 2
Gas turbine generators Transformers BOG compressor FLNG 2 Overview We are utilizing identical equipment from the same manufacturers to accelerate the construction process SIEMENS FLNG 1 + MR compressor purchased + Installed Cold Boxes purchased Installed + GT generators purchased Installed + Transfo
Slide 16: FLNG 2 under development timeline
FLNG 2 Overview Q2 Q2 2023 2026 Procurement Modules to begins ship from Kiewit Shipyard FLNG 2 is under development & expect 70 TBtu (1.4mm tonnes) production 16
Slide 17: Disclaimers
Disclaimers NO OFFER; NO RELIANCE. This Presentation is for informational purposes only and does not constitute an offer to sell, or a solicitation of an offer to buy, any security and may not be relied upon in connection with the purchase ‘or sale of any security. You should not rely on this Presen
Slide 18: Disclaimers
Disclaimers PAST PERFORMANCE. Our past performance is not a reliable indicator or indicative of future results and should not be relied upon for any reason. There can be no assurance that the future performance of the Company, or any project, investment or asset of the Company, will be profitable or
Slide 19: Endnotes
Endnotes Reserved. ‘Adjusted EBITDA‘ is not a measurement of financial performance under GAAP and should not be considered in isolation or as an altemative to income from operations, net income, cash flow from operating activites or any other measure of performance or liquidity derived in accordance
Slide 20: Endnotes
10, " 12, 13 M4 15. € Endnotes Reflects Management's estimates for total customers and the average duration of those customers’ contracts with the Company as of the date of this presentation, Many of these contracts relate to projects and facilities of the Company that are not yet complete. These co
Slide 21: Endnotes
16. W. 18. Endnotes Reflects management's current plans for FLNG 2 Development and the conversion of existing power plants and the building of new plants in Puerto Rico. There can be no assurance that management's plans will be successful or completed in the projected time frame. ‘The Altamira impor
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