Chart Industries, Inc. · NYSE:GTLS
Chart Industries — Merger or Acquisition (August 2020)
24 slides from Chart Industries's merger presentation, Aug 25, 2020
Slide 1: Strategic Positioning Update, August 25, 2020
Chart Industries Strategic positioning update, august 25, 2020 Exhibit 99.2
Slide 2: Forward-Looking Statements
Forward-Looking Statements Certain statements made in this presentation are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning the Company’s business plans, including statements regarding THE
Slide 3: Definitive Agreement to Sell Cryobiological Products
Definitive Agreement to Sell Cryobiological Products © 2020 Chart Industries, Inc. Confidential and Proprietary Deal Terms and Economics Chart Balance Sheet Cryobiological products (excludes medical oxygen related products) Strategic buyer: Cryoport, Inc (NASDAQ: CYRX) Purchase price: $320 million c
Slide 4: Our Focused Strategy Supports Clean Energy Targets
Our Focused Strategy Supports Clean Energy Targets *Blue areas (A through J) are applications for which Chart has existing products and solutions © 2020 Chart Industries, Inc. Confidential and Proprietary
Slide 5: Broadest Product Offering for Industrial Gas and Energy
Broadest Product Offering for Industrial Gas and Energy © 2020 Chart Industries, Inc. Confidential and Proprietary Brazed Aluminum Heat Exchangers Packaged Gas Systems Cryogenic Bulk Storage Tanks Cryogenic Freezers & Biological Storage Nitrogen Dosing & Food Preservation LNG Virtual Pipeline Soluti
Slide 6: Chart Critical Care Products
Chart Critical Care Products Liquid Nitrogen Dosing Systems Liquid Nitrogen Dosing Systems are critical to food preservation, bottling and canning water / other beverages Cryobiological Shippers and Freezers Used for transport of hazardous biological samples and storage of vaccinations, tissue, cell
Slide 7: Chart Reporting Segments
Chart Reporting Segments Cryogenics Brazed Aluminum Heat Exchangers (BAHX) and Cold Boxes Integrated systems and aftermarket services for gas processing, LNG, refining and petrochemical, power and general industrial applications Leader in technological advancements and system engineering FinFans Air
Slide 8: Why Are CryoBio Products Not Core to Chart?
Why Are CryoBio Products Not Core to Chart? Virtually no overlapping customers with industrial gas or energy High regulatory and compliance requirements; higher risk profile than the rest of Chart All functions and mfg sites are standalone Requires different (non-core) strategy and target markets to
Slide 9: Proceeds of $320M Further Position Us In Our Diverse Future Growth Markets
Proceeds of $320M Further Position Us In Our Diverse Future Growth Markets Post close expected cash on hand of $130 million Pro forma July 31, 2020 net leverage ratio utilizing proceeds for debt paydown of 1.78 Capital Expenditures for productivity and growth Talent and R&D in hydrogen, Biogas, Carb
Slide 10: Examples of Further Investments Underway for Profitable Growth
Examples of Further Investments Underway for Profitable Growth Cryogenic Pump Acquisition $20-$40M Targeted partnerships for electrolyzation of hydrogen $5-$35M Partnership with FirstElement for hydrogen development India Product Expansion for Intl Clean Energy Projects $3M Greenfield repair and ser
Slide 11: Don’t Ignore the Foundation: Customer Stickiness
Don’t Ignore the Foundation: Customer Stickiness 5 New Agreements Signed Quarter to Date Q3 2020 MOUs / LOCs LTAs / Agreements Complete LTAs in negotiation LOIs Partnerships ExxonMobil India LNG and IOCL HLNG Customer 1 (2019) IG Major B (Bulk) IG Major (A) Bulk & Lifecycle FirstElement IOCL HLNG Cu
Slide 12: Global Infrastructure Buildout: Chart Year Opportunity
Global Infrastructure Buildout: Chart 3 Year Opportunity Mid-Scale LNG Export Terminals Marine Transport LNG Import, ssLNG and Regas LNG by Road LNG by Rail Virtual Pipelines LNG Fuel Stations >$750M >$50M >$50M >$25M >$250M >$175M >$750M © 2020 Chart Industries, Inc. Confidential and Proprietary
Slide 13: Discipline: Where We Play In the Hydrogen Supply Chain
Discipline: Where We Play In the Hydrogen Supply Chain Vehicle Fuel Stations Fueling Systems for Aerospace Marine Fuel Electronics Manufacturing Electricity Generation Ammonia production (fertilizers) Refining Cryogenic Liquid Tanks Liquid Transport Trailers, ISO Containers, Rail Cars, Marine transp
Slide 14: Expanding Our Hydrogen Offering
Expanding Our Hydrogen Offering Application/Technology Chart Production Liquefaction X Transport Cryo Liquid Container X Flowmeters X Storage Cryo Tank X Refining Cryo Storage & Regasification X Ammonia/ Methanol Cryo Storage & Regasification X Industrial Cryo Storage & Regasification X Fueling Liqu
Slide 15: Repair, Service & Leasing Expanding Leasing Fleet Is Another Lever in Profitable Growth
Repair, Service & Leasing Expanding Leasing Fleet Is Another Lever in Profitable Growth 2019 2020 2021 Limited leasing inventory available only East Coast USA Revenue of ~$1M for the full year Limited connectivity between commercial resources and leasing team Expanded leased inventory fleet in both
Slide 16: Doing our Part to Achieve United Nations Sustainable Development Goals
Doing our Part to Achieve United Nations Sustainable Development Goals © 2020 Chart Industries, Inc. Confidential and Proprietary Our water and wastewater treatment process is a safe and natural method that avoids chemical treatments while improving efficiency and reducing costs Last year, Chart pro
Slide 17: In Many Cases, We Help Our Customers With ESG Through Specialty Products
In Many Cases, We Help Our Customers With ESG Through Specialty Products © 2020 Chart Industries, Inc. Confidential and Proprietary
Slide 18: Specialty Market Highlight: Water Treatment
Specialty Market Highlight: Water Treatment © 2020 Chart Industries, Inc. Confidential and Proprietary US Wastewater Treatment Facilities 14,748 wastewater treatment facilities operate in the United States Products: Chart provides key equipment for aeration, disinfection, and pH control of wastewate
Slide 19: Contemplated External Segmentation Upon Close
Cryo Tank Solutions Heat Transfer Systems $217 Global Commercial Team $275 $80 $66 * $ in millions, excludes $7.3M in intersegment eliminations. 1H20 Revenue* © 2020 Chart Industries, Inc. Confidential and Proprietary Repair, Service & Leasing Air Cooled Heat Exchangers (ACHX) Brazed Aluminum Heat E
Slide 20: Full Year 2020 Guidance
Full Year 2020 Guidance © 2020 Chart Industries, Inc. Confidential and Proprietary Revenue $1.3B to $1.4B Includes $100M of Calcasieu Pass Diluted Adjusted EPS $3.00 - $3.50 Assumes 19% ETR Capital Expenditures $30M to $35M Revenue Approximately $1.2B Includes $100M of Calcasieu Pass Diluted Adjuste
Slide 21: 2021 Outlook
2021 Outlook © 2020 Chart Industries, Inc. Confidential and Proprietary Revenue $1.25 to $1.325B Includes $23M of Calcasieu Pass Diluted Adjusted EPS $2.90 to $3.25 Assumes 18% ETR Capital Expenditures $30M to $35M Current Outlook Free Cash Flow $175 to $200M Assumes no additional Big LNG Revenue ($
Slide 22: Appendix
Appendix
Slide 23: EBITDA Reconciliation
EBITDA Reconciliation © 2020 Chart Industries, Inc. Confidential and Proprietary
Slide 24: Pro Forma 2019 Full Year Financials
Pro Forma 2019 Full Year Financials $M, Adjusted Consolidated Chart CryoBio Consolidated ex CryoBio Sales $1,299.1 $83.6 $1,215.5 Gross Profit 361.8 39.5 322.3 Gross Profit % 27.9% 47.2% 26.5% SG&A 195.5 6.9 188.6 SG&A % 16.0% 8.3% 15.5% Operating Income $126.5 $32.6 $93.9 Op Income % 9.7% 38.9% 7.7
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