Slide 1: 2Q 2026 Investor Presentation
2Q 2026 Investor Presentation August 2026
Slide 2: Disclaimers
Disclaimers Forward -Looking Statements This presentation contains forward -looking statements, within the meaning of the Private Securities Litigation Reform Act of 199 5 as contained in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 19 34,
Slide 3: Introduction
Jasmine: New Photo: Infrastructure operator, energy in motion, different markets we’re looking at Update Photo Introduction Steven Kobos President & CEO
Slide 4: Excelerate Energy Global Asset Footprint
12 Floating Regasification Terminals in Operation 1 Excelerate Energy Global Asset Footprint Our LNG and power infrastructure portfolio enhances energy security by ~25% connecting affordable LNG supply to downstream demand centers and Global Floating Regasification Capacity 1 markets around the worl
Slide 5: Delivered Strong 2Q 2026 Financial & Operational Results
BUSINESS UPDATE Delivered Strong 2Q 2026 Financial & Operational Results Results demonstrate the strength of a contracted, globally diversified asset base and commitment to operational excellence Reported Net Income of $50.1 million for the second quarter Reported Adjusted EBITDA of $120.1 million f
Slide 6: Maximizing Value from Our Existing Infrastructure Assets
Maximizing Value from Our Existing Infrastructure Assets Optimizing and redeploying existing infrastructure to create additional earnings and contract backlog Excelerate Acadia Interim Deployment Express Redeployment to Colombia Executed a nine -month agreement with Jordan’s National Electric Execut
Slide 7: Iraq Integrated LNG Import Terminal Project
Iraq Integrated LNG Import Terminal Project Despite the ongoing conflict in the Middle East, Excelerate is advancing the project while adapting its execution plans as conditions evolve IRAQ Project Overview • First LNG import terminal for Iraq under a five -year integrated agreement, BAGHDAD includi
Slide 8: FSRU Conversion Strategy Update
FSRU Conversion Strategy Update Executed definitive agreement to purchase the Methane Patricia Camila for ~$79 million A historic wave of LNG supply is coming to the market. By converting an existing carrier to an FSRU, we are adding a new regasification terminal to our portfolio to support our sequ
Slide 9: Jamaica: A Platform For Future Growth Across the Caribbean
Jamaica: A Platform For Future Growth Across the Caribbean Excelerate continues to optimize its Jamaica platform by leveraging scalable infrastructure solutions that range from small industrial and commercial users to large -scale infrastructure ISO Tank Small-Scale Floating Storage Integrated Onsho
Slide 10: Financial Overview
Financial Overview Dana Armstrong Executive Vice President & CFO
Slide 11: Summary of 2Q 2026 Results
Summary of 2Q 2026 Results Delivered strong 2Q results despite the macro environment (USD in millions) 2Q 2026 1Q 2026 2Q 2025 Net Income $50.1 $50.0 $20.8 Adjusted EBITDA $120.1 $122.2 $107.1 Variance Drivers • Net Income for the second quarter of 2026 was in line with the prior quarter, while Adju
Slide 12: Balance Sheet Strength, Liquidity, and Capital Allocation Update
Balance Sheet Strength, Liquidity, and Capital Allocation Update 1 On July 30 , Excelerate’s Balance sheet Board of Directors $1.2B $342M $898M strength and liquidity provide flexibility to approved a quarterly cash dividend of $0.09 pursue new growth per share of Class A Total Debt + Cash & Cash Ne
Slide 13: 2026 Financial Outlook
2026 Financial Outlook Revised FY 2026 Guidance (USD in millions) $490M – $515M $85M – $95M $380M – $400M Adjusted EBITDA Maintenance Capex Committed Growth Capital 1 Full year 2026 financial guidance highlights the financial discipline, agility, and strength of the Excelerate business model 1 Commi
Slide 14: Appendix
EXCELERATE ENERGY Appendix
Slide 15: Reconciliation of Non-GAAP Metrics
Reconciliation of Non -GAAP Metrics Quarterly Adjusted EBITDA Reconciliation (USD in millions) 2Q 2026 1Q 2026 2Q 2025 Net Income $50.1 $50.0 $20.8 Interest expense 27.2 27.6 23.9 Provision for income taxes 5.9 9.5 5.6 Depreciation and amortization expense 32.7 31.0 25.5 Accretion expense 0.8 0.8 0.
Slide 16: Reconciliation of Non-GAAP Metrics
Reconciliation of Non -GAAP Metrics 2026E Adjusted EBITDA Reconciliation (USD in millions) 2026E 2026E Low Case High Case Income before income taxes $230 $261 Interest expense 112 107 Depreciation and amortization expense 132 128 Accretion expense 4 3 Long -term incentive compensation expense 12 16
Slide 17: Capitalization
Capitalization (USD in millions) As of June 30, 2026 Cash and Cash Equivalents $342.4 Debt and Finance Leases Debt facilities 926.1 Debt facilities – related party 155.9 Finance lease liabilities 158.2 $1,240.3 Note: Table may not foot due to rounding 17
Slide 18: iy EXCELERATE
iy EXCELERATE uJ ENERGY