Chart Industries, Inc. · NYSE:GTLS
Chart Industries — Q3 2020 Earnings Presentation
16 slides from Chart Industries's earnings presentation, Oct 22, 2020
Slide 1: Chart Industries Third Quarter 2020 Results
Exhibit 99.2 Chart Industries THIRD QUARTER 2020 RESULTS
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 COM
Slide 3: 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 3
Slide 4: Chart's Transformation
Chart’s Transformation THEN TODAY Before 2018 2018 – Present Higher customer concentration / lower geographic diversity Lower customer concentration / higher end-market and geographic diversity Heavy reliance on single large LNG projects Multiple long-term agreements, MOUs in place Business
Slide 5: Balance Sheet Strength & Strong Cash Generation Give Space for Additional Investment
Balance Sheet Strength & Strong Cash Generation Give Space for Additional Investment Pro-Forma Free Cash Flow Organic Inorganic $83 Hydrogen Engineers Partnership with Expand rental/leasing / Commercial FirstElement for McPhy Partnership mobile fleet Resources hydrogen (H2) $5 - $7M $3 - $5M develop
Slide 6: Immediate Impacts: Hydrogen
Immediate Impacts: Hydrogen Expanded H2 Trailer Capabilities Recent Order Wins • Gaseous hydrogen trailers • Capability to manufacture 28 in Germany for $2 million foot, 48 foot and 53 foot (October) trailers • 300,000 square foot facility • Verbal $6.4 million trailer with Port of Mobile Access ord
Slide 7: Customer Stickiness (LTAs, LOIs, MOUs)
Customer Stickiness (LTAs, LOIs, MOUs) MOUs / LOCs LTAs / Agreements Complete LOIs ExxonMobil India LNG and IOCL HLNG Customer 1 (2019) IG Major (A) Bulk & Lifecycle IOCL HLNG Customer 2 (2019) MIT tanks Risco Energy IG Major (A) Vaporizers Eagle Jax ssLNG Energy Capital Vietnam (ECV) IG Major (A) P
Slide 8: Specialty Market: Water Treatment
Specialty Market: Water Treatment • Growing populations putting pressure on existing water treatment systems Recent Wins • More stringent regulatory issues, and • $3.7M with Archer Western increasing environmental concerns for designing and fabricating • Middle East and Asia, facing water scarcity,
Slide 9: First-Of-A-Kind Projects in Q3 2020
First-Of-A-Kind Projects in Q3 2020 Liquid Air Energy Storage Liquid Oxygen for Rocket Vehicles N2 dosing for cleaning disinfectant We executed an exclusive three-year We completed a Master Service Received an order for a major design and supply agreement with Agreement with Stratolaunch for consume
Slide 10: Q3 2020 Backlog
Q3 2020 Backlog Total Chart E&C Cryo E&C FinFans D&S West D&S East +5% +19% Chart ex Calcasieu: $611 $639 $154 $183 -8% -20% -54% +54% +12% Chart Total: $745 $288 $136 $180 $229 $685 $229 $117 $204 $62 Q3 FY19 Q3 FY20 Q3 FY19 Q3 FY20 Q3 FY19 Q3 FY20 Q3 FY19 Q3 FY20 Q3 FY19 Q3 FY20 Included $134M Inc
Slide 11: Q3 and Year-to-Date 2020 EPS
Q3 and Year-to-Date 2020 EPS $ millions, except per share amounts Continuing Operations Q3 2020 Q3 2019 Change v. PY YTD 2020 YTD 2019 Change v. PY Net income from continuing operations $15.8 $13.8 $2.0 $32.4 $15.3 $17.1 Reported Diluted EPS $0.43 $0.38 $0.05 $0.88 $0.43 $0.45 1 Restructuring and tr
Slide 12: Full Year 2020 Guidance (Continuing Operations)
Full Year 2020 Guidance (Continuing Operations) Prior Guidance Current Guidance Revenue Revenue Approximately $1.2B Approximately $1.18B Includes $100M of Calcasieu Includes $100M of Calcasieu Shifted to 2021 Pass Pass Diluted Adjusted EPS Diluted Adjusted EPS Approximately $2.25 Unchanged Approxima
Slide 13: 2021 Outlook
2021 Outlook Prior Current Assumes no additional Big LNG Revenue ($M) Adjusted EPS Revenue Revenue 2020 Guidance, continuing ops (1) $1,180 $2.25 $1.25 - $1.325B $1.250 - $1.325 Billion Calcasieu Gap (75) (0.65) - (0.75) Includes $23M of Includes $23M of Calcasieu Calcasieu Unchanged ssLNG terminals
Slide 14: Appendix
Appendix 14
Slide 15: Q3 and YTD 2020 Free Cash Flow
Q3 and YTD 2020 Free Cash Flow $ millions, except per share amounts Continuing Operations Q3 2020 Q3 2019 Change v. PY YTD 2020 YTD 2019 Change v. PY Income attributable to Chart Industries, Inc. adjusted (1) $12 $14 ($2) $45 $31 $14 Income attributable to noncontrolling interests 000101 Depreciatio
Slide 16: Divested Cryobiological YTD Statistics In Discontinued Operations
Divested Cryobiological YTD Statistics In Discontinued Operations © 2020 Chart Industries, Inc. Confidential and Proprietary 16