Excelerate Energy, Inc. · NYSE:EE
Excelerate Energy — Q2 2024 Earnings Presentation
17 slides from Excelerate Energy's earnings presentation, August 2024
Slide 1: Excelerate Energy 2Q 2024 Investor Presentation
EXCELERATE ENERGY 2Q 2024 Investor Presentation AUGUST 2024
Slide 2: Disclaimers
Disclaimers Forward-Looking Statements “This presentation contains forwarclooking statements, within the meaning of the Private Securities Litigation Reform Act of 1995 as contained in Section 27A of the Securities Act of 133, (Excelerate. and together with ts subsidiaries "we," us," “our” of the *C
Slide 3: Introduction
EXCELERATE ENERGY Introduction Steven Kobos President & CEO
Slide 4: Excelerate Energy At A Glance
Excelerate Energy At A Glance i ~25% FSRUs in operation or Global Regasification Capacity ip-to-Ship 6,900 Bef+ Regasified LNG under construction of FSRU Based Terminals Transfers Deliveries C : a —— ae FSRU: Seasons Headquarters e 9 A. The Woodlands, "x NT Engro Elengy Terminal FSRU: Exquisite Lond
Slide 5: Advancing on our Growth Strategy
Advancing on our Growth Strategy We are focused on optimizing our business to maximize value for our shareholders. Core Business Optimization Strategic Catalysts for Value Creation Investing Acquiring WJ in core business to protect and enhance long- ownership interests in LNG regasification terminal
Slide 6: Optimizing Our Core
Optimizing Our Core Regasification Business Our newbuild FSRU, Hull 3407, is on schedule for delivery in June 2026 Engineering and fabrication work is underway, and steel cutting is set for October Next milestone progress payment expected to be paid in Q4 Several projects in our prioritized pipeline
Slide 7: Business Update: Northern Vietnam LNG Terminal (NVLT)
BUSINESS UPDATE Northern Vietnam LNG Terminal (NVLT) Excelerate has signed a term sheet with ITECO to co- develop an onshore regasification terminal that will be the first LNG terminal in northern Vietnam. Strategic Rationale: Vietnam has one of the fastest growing economies in Asia and as domestic
Slide 8: Business Update: Cook Inlet LNG Terminal
BUSINESS UPDATE Cook Inlet LNG Terminal Excelerate is in advanced discussions with local utilities in Southcentral Alaska for the development of an integrated LNG import terminal in the lower Cook Inlet region. CANADA Strategic Rationale: Recent declines in local gas production have led to critical
Slide 9: Financial Overview
Jeol Financial Overview Dana Armstrong Executive Vice President & CFO
Slide 10: Second Quarter 2024 Results
Second Quarter 2024 Results Strong financial performance in line with expectations (USD in millions) 1Q 2024 2Q 2023 Net Income $33.3 $28.1 $29.6 Adjusted EBITDA’ $89.0 $75.4 $88.6 Variance Drivers: e Net Income and Adjusted EBITDA for the second quarter of 2024 increased sequentially from last quar
Slide 11: Maintaining a Strong Balance Sheet and Healthy Liquidity Position
Maintaining a Strong Balance Sheet and Healthy Liquidity Position! $734M $609M Total Debt + Fin Cash & Cash Equivalents
Slide 12: 2024 Financial Outlook Update
2024 Financial Outlook Update! FY 2024 Guidance (USD in millions) $320M - $340M $70M - $80M $50M - $60M Adjusted EBITDA? Committed Growth Capital Maintenance Capex @) EXCELERATE @ ENERGY 2
Slide 13: Appendix
Jeol Appendix
Slide 14: Table may not foot due to rounding
able may not foot due to rounding
Slide 15: Reconciliation of Non-GAAP Metrics
Reconciliation of Non-GAAP Metrics 2024E Adjusted EBITDA Reconciliation (USD in millions) vane aoe Low Case High Case Income before income taxes $141 $179 Interest expense 65 55 Depreciation and amortization expense 106 96 Long-term incentive compensation expense 6 9 Accretion expense 2 1 Adjusted E
Slide 16: Capitalization
Capitalization (USD in millions) Cash and Cash Equivalents $609.1 Debt and Finance Leases Debt facilities 356.4 Debt facilities - related party 175.6 Finance lease liabilities 201.8 $733.8 @) EXCELERATE ENERGY 16
Slide 17: iy EXCELERATE
iy EXCELERATE uJ ENERGY