Tellurian — Investor Presentation (March 2024)
16 slides from Tellurian's investor presentation, Mar 4, 2024
Slide 1: Licensed to export US LNG: Delivering the transition, Providing energy security
Licensed to export US LNG Delivering the transition Providing energy security March 2024
Slide 2: Cautionary language regarding forward-looking statements
Cautionary language regarding forward - looking statements The information in this presentation includes “forward - looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements othe
Slide 3: Investing now to meet global demand
Investing now to meet global demand 3 The world requires low - carbon energy to support future economic growth Our purpose is to export reliable, low cost, and low - carbon US LNG to the world Tellurian offers a pure - play, growth - focused investment in US LNG The company is fully permitted 1 to e
Slide 4: Executive Chairman quote on Driftwood progress
4 “Driftwood is in construction and is fully permitted . We are differentiated from competing projects fighting the US regulatory headwinds. Tellurian’s Board and leadership are laser focused on delivering value to Tellurian shareholders. Alongside balance sheet discipline , we have reduced costs ,
Slide 5: Tellurian's recent advances
Tellurian’s recent advances 5 Leadership focus Regulatory advancement Balance sheet management • All permits in place • FERC extension approval granted for 27.6 mtpa • Confirmation by DOE that Driftwood non - FTA permit not impacted by current ‘pause’ • Newly appointed Executive Chairman, with decad
Slide 6: Driftwood LNG: de-risked & moving forward
6 • All permits in place for construction & operation of terminal and pipeline • Competitive regulatory advantage given recent DOE moratorium on non - FTA permits • Only world - scale greenfield facility with capacity for US LNG deliveries in 2028 • Over $1 billion invested: construction ~30% advanc
Slide 7: Driftwood LNG site progress continuing
7 Driftwood LNG site progress continuing Being in construction has mitigated regulatory risk Completed ground work has de - risked future EPC timeline and associated costs
Slide 8: Focused on efficiently reaching Driftwood FID, driving shareholder value
Construction milestones Financing process Focused on efficiently reaching Driftwood FID, driving shareholder value 8 Commercial steps Driftwood is... • Offering competitive and financeable contracts that appeal to a wide range of customers • Marketing offtake agreements at Henry Hub index with a liq
Slide 9: World-class partners providing best-in-class execution, design & technology expertise
World - class partners providing best - in - class execution, and design & technology expertise 9 EPC partner • Lump - sum, turn - key EPC contract for all - plant buildout • Premier EPC contractor with history of on - budget and ahead - of - schedule production on US Gulf Coast • Ability to benefit
Slide 10: Driftwood value to Tellurian
Driftwood value to Tellurian 10 $800 - 850 EPC cost per tonne 1 $750 $600 - 650 850 1,700 1,250 850 1,800 550 Plants 1 - 3 Plants 4 - 5 Full development Illustrative Driftwood annual cash flows Debt adjusted annual cash flows 2033 - 2034, $MM/ yr Tellurian cash flows Partner cash flows See Supplemen
Slide 11: Site II enables up to 60 mtpa of LNG capacity
16.6 27.6 11.0 Plants 1 - 3 Plants 4 - 5 Driftwood LNG ~ 30.0 Site II LNG Site II enables up to 60 mtpa of LNG capacity 11 Site II could double Tellurian LNG capacity offering long - term shareholder value See Supplemental Information for footnotes. Site II • Further ~800 - acre site in Louisiana wi
Slide 12: US LNG continues to be critical to global energy security
US LNG continues to be critical to global energy security 12 See Supplemental Information for footnotes. Global LNG demand is forecast to grow by >50% by 2035 Macro • Global demand for LNG to rise by 54% to over 620 mtpa by 2035, a CAGR of 4% • Global LNG supply forecasts impacted by non - FTA ‘paus
Slide 13: Our environmental credentials
Our environmental credentials 1 3 Driftwood’s business model enables top quartile Scope 1 ESG ratings 13 Liquefaction Pipelines Power supply Wetlands restoration • 20% lower emissions via leading gas turbine technology 1 • Minimizing of flaring via development of warm start - up sequence • Reduction
Slide 14: Our competitive advantages create value for customers and investors
Purpose Supplying growing global markets with low - cost US LNG Position Driftwood is being constructed on a prime Louisiana location, connecting abundant US natural gas basins with international export routes People Refreshed Board and management team, with the experience and focus to deliver Permi
Slide 15: Supplemental information
Supplemental information 15 Slide 3 1) Tellurian requested extensions with FERC in October 2023 for 36 months extension to finish construction of Driftwood and was gra nted approval on February 15, 2023. Slide 8 1) Phase 1 defined as 2 plant, ~11 mtpa scope. Slide 10 1) Management estimates on EPC c
Slide 16: Contact us
Contact us 16 Johan Yokay Director, Investor Relations & Assistant Treasurer +1 832 320 9327 johan.yokay@tellurianinc.com Joi Lecznar EVP, Public & Government Affairs +1 832 962 4044 joi.lecznar@tellurianinc.com Matt Phillips VP, Investor Relations & Finance +1 832 320 9331 matthew.phillips@telluria