Slide 1: First Quarter 2025 Earnings Call
First Quarter 2025 Earnings Call May 1, 2025 © 2025 Chart Industries, Inc. Confidential and Proprietary
Slide 2: Forward Looking Statements (1/2)
Forward Looking Statements (1/2) Certain statements made in this investor presentation are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning Chart’s business plans, including statements rega
Slide 3: Forward Looking Statements (2/2)
Forward Looking Statements (2/2) This presentation contains non-GAAP financial information, including adjusted diluted EPS, net income, adjusted, free cash flow, EBITDA, adjusted EBITDA, adjusted EBITDA margin, adjusted operating income, and adjusted operating margin. For additional information rega
Slide 4: First Quarter 2025 Key Takeaways
First Quarter 2025 Key Takeaways • Orders of $1,315.6 million increased +17.3%, with record aftermarket orders • Record Backlog of $5,143.6 million, first time above $5 billion • Sales of $1,001.5 million increased +5.3% (+6.6% excluding FX) • Adjusted operating income margin(1) of +19.9% increased
Slide 5: First Quarter 2025 Commercial Wins
First Quarter 2025 Commercial Wins IPSMR® liquefaction process Storage tanks and heat Municipal SDOX system for and cold boxes for Phase 2 exchangers for space Industrial gas railcars Woodside Louisiana LNG water treatment exploration Brazed aluminum heat Air lubrication system Regas plants for Enao
Slide 6: Full Solution Offering for Data Centers
Full Solution Offering for Data Centers © 2025 Chart Industries, Inc. Confidential and Proprietary 6
Slide 7: First Quarter 2025 Key Metrics
First Quarter 2025 Key Metrics $ millions, except per share amounts Q1 2025 Q1 2024 Change Continuing Operations Total Orders $1,315.6 $1,121.6 +17.3% Book to Bill (Total) 1.3 1.2 Total Backlog 5,143.6 4,331.1 +18.8% Total Sales 1,001.5 950.7 +5.3% Reported Gross Profit Margin % 33.9% 31.8% +210bps
Slide 8: First Quarter 2025 Key Metrics
First Quarter 2025 Key Metrics $ millions Sales Adjusted Operating Profit(1) Adjusted EBITDA(1) +5.3% Reported 16.1% +8.9% +6.6% ex-FX 1. Adjusted operating profit and Adjusted EBITDA are not measures of financial performance under U.S. GAAP and should not be considered as an alternative to net inco
Slide 9: First Quarter 2025 Key Metrics
First Quarter 2025 Key Metrics Gross Profit Margin Operating Inc Margin(1) EBITDA Margin(1) 1. Adjusted operating income margin and Adjusted EBITDA margin are not measures of financial performance under U.S. GAAP and should not be considered as an alternative to net income in accordance with U.S. GA
Slide 10: Q1 2025 Free Cash Flow and Capital Structure
Q1 2025 Free Cash Flow and Capital Structure Free Cash Flow(1) • Long-dated debt maturity profile with majority of debt due after 2029 $ millions Q1 2025 Q1 2024 Operating Cash Flow ($60.0) ($89.6) • Reiterate our financial policy that until we are within our target net leverage ratio range of 2.0-2
Slide 11: First Quarter 2025 Segment Results
First Quarter 2025 Segment Results Reported Gross Adj. Operating $ millions Orders Sales Profit Margin Income Margin(1) Commentary Q1 '25 Q1 '24 Q1 '25 Q1 '24 Q1 '25 Q1 '24 Q1 '25 Q1 '24 Cryo Tank $152.6 $159.3 $153.2 $159.7 24.3% 20.5% 12.7% 10.5% • Orders decline driven by industrial gas demand in
Slide 12: Aftermarket, Service and Repair Expansion
Aftermarket, Service and Repair Expansion Design Manufacture Test Install Maintain Upgrade Opportunities to Drive Repair, Service & Leasing (RSL) Growth • Execute additional Long-Term Service and Framework • Utilize expanded e-commerce tools: Our e-commerce Chart Parts Agreements: +10.7% YTD 2025 vs
Slide 13: Navigating Tariffs and Supply Chain
Navigating Tariffs and Supply Chain Tariff impacts Actions to mitigate tariff impacts Tariff data is prior to any cost mitigation, targeted pricing, not already implemented, or strategic share • We operate regional and global supply chains gains and have developed "in region" sources for key materia
Slide 14: Chart Industries 2025 Outlook
Chart Industries 2025 Outlook Guidance Metrics as of May 1, 2025 Current Guidance Comment • General economic activity remains stable Revenue $4.65 to $4.85 billion • FX is modest headwind at quarter end rates • Tariff rates remain as communicated including the implementation Adjusted EBITDA(1) $1.17
Slide 15: Capital Allocation Priority and Strategy
Capital Allocation Priority and Strategy 2025 Capital Allocation Priority 2025 Financial Policy Generate $550 million+ of free cash flow Until we are within our target net leverage from operations to delever to our target 2.0 ratio range, we will not do any material to 2.5 net leverage ratio cash ac
Slide 16: Appendix
Appendix © 2025 Chart Industries, Inc. Confidential and Proprietary 16
Slide 17: Adjusted Diluted Earnings Reconciliation
Adjusted Diluted Earnings Reconciliation $ millions Q1 2025 Q1 2024 Amounts attributable to Chart common stockholders Net income attributable to Chart Industries, Inc. $49.5 $11.3 Less: Loss from discontinued operations, net of tax ($2.0) ($2.2) Income from continuing operations $51.5 $13.5 Less: Ma
Slide 18: Adjusted Diluted EPS Reconciliation Table
Adjusted Diluted EPS Reconciliation Table Q1 2025 Diluted EPS Q1 2024 Diluted EPS Reported income from continuing operations attributable to Chart (U.S. GAAP) $0.99 $0.14 Unrealized loss on investments in equity securities and loss from strategic equity method investments (1) 0.02 0.09 Deal related
Slide 19: Adjusted EBITDA
Adjusted EBITDA Three Months Ended March 31, 2025 March 31, 2024 $ millions Net income from continuing operations $54.3 $16.8 Income tax expense, net 17.6 8.8 Interest expense, net 77.1 83.8 Depreciation and amortization 66.2 65.9 EBITDA (non-GAAP) 215.2 175.3 Non-recurring costs: Deal related & int
Slide 20: Free Cash Flow Reconciliation Table
Free Cash Flow(1) Reconciliation Table $ millions Q1 2025 Q1 2024 Net cash used in operating activities from continuing operations ($60.0) ($89.6) Capital expenditures (20.1) (46.1) Free cash flow (non-GAAP) ($80.1) ($135.7) 1. Free cash flow is not a measure of financial performance under U.S. GAAP
Slide 21: Q1 2025 Operating Income (Loss) to Adjusted Operating Income (Loss)
Q1 2025 Operating Income (Loss) to Adjusted Operating Income (Loss) Three Months Ended March 31, 2025 $ millions Cryo Tank Heat Transfer Specialty Repair, Service Intersegment Corporate Consolidated Solutions Systems Products & Leasing Eliminations Sales $ 153.2 $ 267.3 $ 276.1 $ 304.9 $ — $ — $ 1,0
Slide 22: Q1 2024 Operating Income (Loss) to Adjusted Operating Income (Loss)
Q1 2024 Operating Income (Loss) to Adjusted Operating Income (Loss) Three Months Ended March 31, 2024 $ millions Cryo Tank Heat Transfer Specialty Repair, Service Intersegment Corporate Consolidated Solutions Systems Products & Leasing Eliminations $ Sales $ 159.7 $ 253.6 $ 236.5 $ 301.0 (0.1) $ — $