Excelerate Energy, Inc. · NYSE:EE
Excelerate Energy — Q2 2025 Earnings Presentation
20 slides from Excelerate Energy's earnings presentation, Aug 11, 2025
Slide 1: 2Q 2025 Investor Presentation
EXCELERATE ENERGY 2Q 2025 Investor Presentation August 2025
Slide 2: Disclaimers
Disclaimers Forward-Looking Statements ‘Ths presentation contains forward looking statements. within the mearing of the Pvate Sepurtes gation Reform Act of 1% ag contain in Sgction27A ofthe Secures Act of 155 as amended and Spcton 7 ofthe Securities Exchange Act of 15h, 35 amended, about Excelerate
Slide 3: Introduction
Ey) EXCELERATE ENERGY Introduction Steven Kobos President & CEO
Slide 4: Global Asset Footprint
12 ioe! EXCelerate Energy Global Asset Footprint Our LNG and power infrastructure platform enhances global energy security by connecting affordable LNG supply to downstream demand centers and markets around the world. ~25% Global Regasification Capacity 3,100+ Ship-to-Ship LNG Cargo Transfers 7,600
Slide 5: Leading provider of essential energy infrastructure along the LNG value chain
Leading provider of essential energy infrastructure along the LNG value chain Predictable cash flow supported by long- term take-or-pay contracts Runway for growth through strategic opportunities and scalable assets Growth strategy bolstered by strong macro tailwinds Attractive financial profile EXC
Slide 6: Advancing our Growth Strategy
Advancing our Growth Strategy Optimizing our business to maximize value for our shareholders. Legacy Business Optimization Strategic Catalysts for Value Creation ey Acquiring ae ownership interests in LNG regasification terminals oo that are either existing or under development 6008 Investing Growin
Slide 7: Jamaica Business Overview & Integration Update
Jamaica Business Overview & Integration Update — — The Jamaica acquisition complements SS and power plant. Excelerate's operational expertise while enhancing its contract profile and vision for growth. Customers Jamaica Acquisition of Jamaica integrated LNG and power platform is t ae Reainaston full
Slide 8: Jamaica Platform: A Roadmap to Scalable Growth
Jamaica Platform: A Roadmap to Scalable Growth Excelerate is committed to expanding its presence in Jamaica and throughout the Caribbean to drive meaningful value creation for shareholders. Our Approach Projected Caribbean Platform Growth By 2030 Optimizing & Expanding the Jamaica Platform * Asset O
Slide 9: Terminal Services Update
Terminal Services Update We remain focused on operational excellence and the strategic expansion of terminal services. Commenced regasification operations at the Wilhelmshaven LNG Terminal in May 2025 * The FSRU Excelsior completed its first ship-to-ship LNG transfer and is regularly delivering gas
Slide 10: Financial Overview
EXCELERATE ENERGY Financial Overview Dana Armstrong Executive Vice President & CFO
Slide 11: Summary of 2Q 2025 Results
Summary of 2Q 2025 Results Delivered strong financial performance (USD in millions) 2Q2 2Q 2024 Net Income $20.8 $52.1 $33.3 Adjusted Net Income $46.8 $55.6 $33.3 Adjusted EBITDA $107.1 $100.4 $89.0 Variance Drivers: * Net income for the second quarter of 2025 decreased sequentially from the last qu
Slide 12: Maintaining a Strong Balance Sheet and Healthy Liquidity Position
Maintaining a Strong Balance Sheet and Healthy Liquidity Position! a rs a | $1.3B $426M $867M Total Debt + Finance Leases Cash & Cash Equivalents Net Debt? Balance sheet strength and liquidity provide flexibility to pursue new growth opportunities while returning capital to shareholders @) EXCELERAT
Slide 13: Capital Allocation Priorities
Capital Allocation Priorities We remain focused on high-return growth opportunities, delivering consistent shareholder returns through dividends and share repurchases, and preserving balance sheet strength to enable long- term strategic flexibility. (68 Capital investment Ro to fund growth Capital i
Slide 14: 2025 Financial Outlook
2025 Financial Outlook FY 2025 Guidance (USD in millions) $420M - $440M $95M - $105M $65M - $75M Raising Full Year 2025 Financial Guidance EXCELERATE ENERGY Ww
Slide 15: Appendix
EXCELERATE ENERGY Appendix
Slide 16: Reconciliation of Non-GAAP Metrics
Reconciliation of Non-GAAP Metrics Quarterly Adjusted Net Income Reconciliation 2Q2025 1Q2025 2Q2024 (USD in millions) Net Income $20.8 $52.1 $33.3 Add back: Transition and transaction expenses 27.6 3.7 - Tax impact on adjustments (1.6) (0.2) - $46.8 $55.6 $33.3 Adjusted Net Income @) EXCELERATE ENE
Slide 17: Reconciliation of Non-GAAP Metrics
Reconciliation of Non-GAAP Metrics Quarterly Adjusted EBITDA Reconciliation (USD in millions) 1Q.2025 2Q_ 2024 Net Income $20.8 $52.1 SS Interest expense 23.9 14.3 15.5 Provision for income taxes 5.6 6.0 74 Depreciation and amortization expense 25.5 21.6 30.4 Accretion expense 0.5 0.5 0.5 Long-term
Slide 18: Reconciliation of Non-GAAP Metrics
Reconciliation of Non-GAAP Metrics 2025E Adjusted EBITDA Reconciliation (USD in millions) Low Case Income before income taxes $167 $197 Interest expense 95 90 Depreciation and amortization expense ile) 105 Accretion expense 2 2 Long-term incentive compensation expense 10 15 Transition and transactio
Slide 19: Capitalization
Capitalization (USD in millions) As of June 30, 2025 Cash and Cash Equivalents $426.0 Debt and Finance Leases Debt facilities 946.2 Debt facilities - related party 166.1 Finance lease liabilities 180.7 $1,293.0 @) EXCELERATE ENERGY ”
Slide 20: Contact
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