Slide 1: Third Quarter 2021 Earnings Call
Chart Industries THIRD QUARTER 2021 EARNINGS CALL Exhibit 99.2
Slide 2: Forward-Looking Statements
Forward-Looking Statements CERTAIN STATEMENTS MADE IN THIS PRESENTATION ARE FORW ARD -LOOKING STATEMENTS W ITHIN THE MEANING OF THE PRIVATE SECURITIES LITIGAT ION REFORM ACT OF 1995. FORW ARD-LOOKING STATEMENTS INCLUDE STATEMEN TS CONCERNING THE COMPANY’S BUSINESS PLANS, INCLUDING STATEMENTS REGARDI
Slide 3: 2022 and 2021 Outlooks
2022 and 2021 Outlooks 3
Slide 4: Consistent Quarterly Order Levels $350M+
4 Consistent Quarterly Order Levels $350M+ Our new “normal” as compared to prior years 4 Year* $M Average Orders Per Qtr (ex BigLNG) 2016 $177 2017 215 2018 265 2019 296 2020 302 2021 YTD 405 2021 YTD ex last 12 months acquisitions 347 *all years normalized to exclude divested businesses **HTS new o
Slide 5: Q3 2021 Challenges & Actions (1/2)
Q3 2021 Challenges & Actions (1/2) 5 # Challenge Specific Impact Examples Actions Taken Risk Level Continuing? 1 Material Cost • Increases in key raw material costs since 6/30/2021 • Aluminum +18% • Carbon steel +24% • Stainless steel +12% • YTD increases in key raw material costs (since 1/1/2021):
Slide 6: Q3 2021 Challenges & Actions (2/2)
Q3 2021 Challenges & Actions (2/2) # Challenge Specific Impact Examples Actions Taken Risk Level Continuing? 4 Labor Availability & Cost including COVID-19 resurgence • From August 1 to September 30, average of 3.7% of production workforce in U.S. shops was out with COVID by week • September 2021 wa
Slide 7: Structural Pricing Actions Will Yield Margin Improvement When Macro Challenges Dissipate
Structural Pricing Actions Will Yield Margin Improvement When Macro Challenges Dissipate © 2021 Chart Industries, Inc. Confidential and Proprietary 7 1/1/2021 6/30/2021 7/31/2021 8/31/2021 9/30/2021 10/31/2021 12/31/2021 1H 2022 Increase in Material Costs from 6/30/2021 to 9/30/2021: • Aluminum +18%
Slide 8: Q3 2021 Structural Organic Cost & Capacity Actions
© 2021 Chart Industries, Inc. Confidential and Proprietary 8 Q3 2021 Structural Organic Cost & Capacity Actions Restructuring Cost Outs Capacity Actions to Support Shorter Lead Times & On-Time Delivery • Completed Actions • Tulsa ACHX consolidation to Beasley, TX • Move of vacuum insulated pipe and
Slide 9: Third Quarter 2021 Summary
© 2021 Chart Industries, Inc. Confidential and Proprietary 9 Third Quarter 2021 Summary (1) Q3 2020 included $26 million respectively Venture Global’s Calcasieu Pass project; when excluding BigLNG, the second figures are the change from Q3 2020 to Q3 2021. Adjusted gross margin and Adjusted SG&A are
Slide 10: Third Quarter and YTD 2021 Earnings Per Share
© 2021 Chart Industries, Inc. Confidential and Proprietary 10 Third Quarter and YTD 2021 Earnings Per Share Third Quarter Year-To-Date, September 30th $ millions, except per share amounts 2021 2020 Change v. PY 2021 2020 Change v. PY Continuing Operations Net income from continuing operations $14.9
Slide 11: Q3 (Actual) and Q4 (Fcst) 2021 Sales By Quarter
Q3 (Actual) and Q4 (Fcst) 2021 Sales By Quarter © 2021 Chart Industries, Inc. Confidential and Proprietary 11 # $ Millions Q3 2021 Q4 2021 1 Q3 / Q4 GTLS Prior Forecast to Low End of Range $340.0 $430.0 2 Revenue EMEA shift to Q4 (customer readiness to pickup) (5.0) 5.0 3 Revenue China shift to Q4 (
Slide 12: Full Year 2021 Guidance
Full Year 2021 Guidance 12© 2021 Chart Industries, Inc. Confidential and Proprietary Current Guidance Revenue $1.31 to $1.33B Non-Diluted Adjusted EPS $2.75 to $3.10 Assumes 19.5% ETR and 35.5M shares outstanding Capital Expenditures $40M to $45M (YTD 9/30/21 spend of $36.4M) • Existing backlog to s
Slide 13: Full Year 2022 Outlook, Excluding BigLNG
© 2021 Chart Industries, Inc. Confidential and Proprietary 13 Full Year 2022 Outlook, Excluding BigLNG Revenue $1.7 billion to $1.85 billion Excluding any Big LNG revenue Non-Diluted Adjusted EPS $5.25 to $6.50 Assumes 19% ETR and 35.5M shares outstanding Capital Expenditures $40M to $50M ($30M of m
Slide 14: Macro Tailwinds and Full Solution Portfolio Support 2022 and Next Decade Growth
Macro Tailwinds and Full Solution Portfolio Support 2022 and Next Decade Growth 14
Slide 15: Multiple Macro Tailwinds This Decade
Multiple Macro Tailwinds This Decade 15© 2021 Chart Industries, Inc. Confidential and Proprietary Societal Focus on Sustainability; “Nexus of Clean” Public Sector / Government Support • Harvard University is ending its investments in fossil fuels • California State Teachers’ Retirement System (CalST
Slide 16: Full Solutions Platforms Across the Nexus of Clean
Full Solutions Platforms Across the Nexus of Clean Clean End Market Solution GTLS Process Technologies (Owned in Full) GTLS Process Technologies Through Minority Ownership GTLS Equipment Clean Power • Hydrogen • Helium • LNG • Biogas • BAHX • ACHX • Bulk & Microbulk • Fans • Transports • Valves / Va
Slide 17: Acquisition Order Activity Supports 2022 Growth
© 2021 Chart Industries, Inc. Confidential and Proprietary 17 Acquisition Order Activity Supports 2022 Growth Past 12 Months’ Acquisition Impacts Company Name Market Date Closed Purchase Price ($ Millions) Worthington Cryo Trailers Hydrogen/IG 10/15/2020 $10 BlueInGreen Water 11/3/2020 $20 SES CCUS
Slide 18: Hydrogen Activity++
© 2021 Chart Industries, Inc. Confidential and Proprietary 18 Hydrogen Activity++ H2 Orders $M Q1 2020 $4.2 Q2 2020 1.2 Q3 2020 9.2 Q4 2020 23.5 Q1 2021 71.2 Q2 2021 81.9 Q3 2021 43.6 • Q3 2021 Hydrogen orders of $43.6 million brings YTD H2 orders to $196.7 million • Received first full liquid hydro
Slide 19: Carbon Capture: Meaningful Commercial Progress
© 2021 Chart Industries, Inc. Confidential and Proprietary 19 Carbon Capture: Meaningful Commercial Progress • Currently working with 166 customers and potential customers on carbon capture projects and potential projects • SES Cryogenic Carbon Capture (CCC) technology was recognized by researchers
Slide 20: Bullish on 1H 2022 LNG FIDs & NTPs
20 Bullish on 1H 2022 LNG FIDs & NTPs # Big or ssLNG? Project Operator Size Potential Chart Content $M Expected Timing of possible orders 1 ssLNG NEC Liberty 250k gpd $20+ Q4 2021 2 ssLNG Jacksonville, FL Eagle LNG 500 gpd 30+ 1H 2022 3 Big LNG Plaquemines Phase 1 Venture Global Phase 1 10 MTPA 135
Slide 21: Continuing on our ESG Journey with a Balance Sheet Connection
Continuing on our ESG Journey with a Balance Sheet Connection 21
Slide 22: Closed on $1 Billion Sustainability-Linked Revolving Credit Facility
Closed on $1 Billion Sustainability-Linked Revolving Credit Facility (October 18, 2021) 0 100 200 300 400 500 600 700 800 2024 2025 2026 Converts $1B Rev $500M Rev/TL 550 90 350 27 83 0 100 200 300 400 500 600 Revolver € Borrowings$ Borrowings LCs Capacity 1,000 90 453 27 430 - 200 400 600 800 1,000
Slide 23: 2020-2021 ESG Recognition
2020-2021 ESG Recognition © 2021 Chart Industries, Inc. Confidential and Proprietary 23 2020 2021 World LNG Awards Finalist Outstanding Contribution to Energy Transition Women on Boards Recognition for having at least 20% women directors Gastech Awards Winner Emissions Reduction Champion – Organizat
Slide 24: Appendix
Appendix 24
Slide 25: Chart's Strategic Acquisitions and Investments
© 2021 Chart Industries, Inc. Confidential and Proprietary 25 Chart’s Strategic Acquisitions and Investments 2020 Development Agreement for LH2 automotive Completed master supply agreement Acquisition of cryogenic and H2 trailer business and former microbulk business 30M Euro investment with commerc
Slide 26: Specialty Near-Term & 2030 Addressable Markets
Specialty Near-Term & 2030 Addressable Markets © 2021 Chart Industries, Inc. Confidential and Proprietary 26 # Specialty Area Near-Term TAM ($M) 2030 TAM ($M) Source of GTLS TAM in 2030 1 Hydrogen & Helium $2,950 $24,000 • Per new Hydrogen Council report on increasing investment rate and our current
Slide 27: First of a Kinds (FOAKs) in Q3
© 2021 Chart Industries, Inc. Confidential and Proprietary 27 First of a Kinds (FOAKs) in Q3: 20 H2 & Space Food & Beverage CCUS FEED study for large, industrial manufacturer specializing in the heavy construction industry Q3 and YTD 2021 FOAKs and New Customers Water Over the Road Cannabis New Cust
Slide 28: Third Quarter and YTD 2021 Segment Information
28 Third Quarter and YTD 2021 Segment Information (1) Q3 2020 included $26 million respectively Venture Global’s Calcasieu Pass project; when excluding BigLNG, the second figures are the change from Q3 2020 to Q3 2021 Adjusted gross margin is not a measure of financial performance under U.S. GAAP an
Slide 29: Third Quarter and YTD 2021 Free Cash Flow
© 2021 Chart Industries, Inc. Confidential and Proprietary 29 Third Quarter and YTD 2021 Free Cash Flow (1) “Net income, adjusted” is not a measure of financial performance under U.S. GAAP and should not be considered as an alternative to net income in accordance with U.S. GAAP. Reconciliation to Ne