Chart Industries, Inc. · NYSE:GTLS
Chart Industries — Bank of America Industrials Conference London 2023
19 slides from Chart Industries's conference presentation, Mar 21, 2023
Slide 1: Bank of America Industrials Conference London
Chart Industries, Inc. Bank of America Industrials Conference London March 21, 2023 Exhibit 99.1
Slide 2: Forward-Looking Statements
Forward-Looking Statements 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 regarding
Slide 3: Focus on Continuing to Execute
Focus on Continuing to Execute # Action What we said in November 2022 As of March 21, 2023 Status 1 Financing Did not expect to close into the bridge and would seek to limit amount of KPS Capital Partners (KPS) preferred stock Completed long term financing in December 2022; Closed without the bridge
Slide 4: Howden Product Portfolio
Howden Product Portfolio 11 93 165 0 0 0 89 89 89 51 163 220 249 166 63 157 195 53 191 191 191 0 71 133 VentSim™ Design Uptime Software & Digital Reciprocating Screw Diaphragm Centrifugal Compressors Gas-Gas Heater Air Preheater Rotary Heaters Blowers & Fans Rotary Blowers Turbo Blowers Centrifugal
Slide 5: Combined Solutions Across the Nexus of Clean
Combined Solutions Across the Nexus of Clean™ Valves / Vaporizers Expanders Liquefiers Cold Boxes BAHX ACHX Bulk & Microbulk Fans Transports Hydrogen Helium LNG Biogas Nuclear Energy recovery Biofuel / synfuels Biomass Fans Compressors Blowers Heaters Steam Turbines SaaS Vaporizers Cryo-lease Bulk t
Slide 6: Expanding Exposure to Additional Markets
Expanding Exposure to Additional Markets 11 93 165 0 0 0 89 89 89 51 163 220 249 166 63 157 195 53 191 191 191 0 71 133 Industrial Gas Howden additions LNG Food & Beverage Biofuels Marine Systems Critical Care Metal Mining Energy & Chemical Hydrogen Space Cannabis Lasers Tunnel & Metro Biomass Over
Slide 7: Chart Industries FY 2023 Outlook
© 2022 Chart Industries, Inc. Confidential and Proprietary FY 2023 (Calendar) Chart Industries Outlook (8) $ millions except per share amounts Chart Standalone FY2023 (1) Howden ~9 Months 2023 (6) Cost Synergies realized in FY 2023 Additional Financing and Deal Costs in 2023 Chart Industries Consoli
Slide 8: Reiterating Pro Forma Adjusted EBITDA 2023 and 2024
Reiterating Pro Forma Adjusted EBITDA 2023 and 2024 Combined Chart + Howden Reiterating our 2024 Combined EBITDA Forecast Revenue growth led by energy transition markets and backlog conversion Implied organic volume leverage of ~30% Favorable mix driven by energy transition verticals Cost synergies
Slide 9: Demand is Strong and Deleveraging a Focus
Demand is Strong and Deleveraging a Focus Strong demand reflected in both Chart and Howden orders 2022 full year RECORD orders in both Howden and Chart Howden fourth quarter 2022 was the highest order quarter in history First quarter 2023 quarter-to-date (as of March 15, 2023) GTLS standalone orders
Slide 10: Strength in Backlog Supports Strong 2023
Strength in Backlog Supports Strong 2023 Chart Approximately 60% of 2023 revenue outlook was in backlog as of 12/31/2022 Chart’s revenue mix is ~65% to 70% project and ~30% to 35% book and ship Howden Approximately 53% of 2023 revenue outlook was in the $1.3 billion of backlog at 12/31/2022 Howden’s
Slide 11: Synergy Related Accomplishments Since Closing
Synergy Related Accomplishments Since Closing on March 17, 2023 Commercial Chart onboard LNG tanks chosen for a key mining customer in India on Friday; other mine customers of Howden are looking at Chart offering Connected with a major energy company to extend strategic partnership on carbon capture
Slide 12: Building a Better Future Through Combined Innovation
Building a Better Future Through Combined Innovation Howden doubles our global engineering team and adds digital Uptime and VentSim capabilities as well as 41 service and repair facilities around the world
Slide 13: Appendix
Appendix
Slide 14: Benefits of the Combination
Benefits of the Combination 11 93 165 0 0 0 89 89 89 51 163 220 249 166 63 157 195 53 191 191 191 0 71 133 More first-of-a-kind full solution opportunities in the Nexus of Clean™ Less cyclicality: expands aftermarket, service and repair, and creates balance between project-based and book and ship or
Slide 15: How We Think About The Business
Cryo Tank Solutions Heat Transfer Systems One Chart Global Commercial Team 02/15/2022 Repair, Service & Leasing Chart New Build Products Air Cooled Heat Exchangers (ACHX) Brazed Aluminum Heat Exchangers Cold Boxes Nitrogen Rejection Units (NRU) Integrated systems High Efficiency Flow Fans Chart New
Slide 16: Combination Reduces Chart's Cyclicality
Combination Reduces Chart’s Cyclicality 11 93 165 0 0 0 89 89 89 51 163 220 249 166 63 157 195 53 191 191 191 0 71 133 Chart 2008 - 2018 Chart FYE 12/31/2022 Chart + Howden 1 >90% of sales related to traditional O&G and industrial gas 38% of sales related to traditional O&G and industrial gas 28% of
Slide 17: Complementary Exposure to Specialty Markets
Complementary Exposure to Specialty Markets Market What is in this category Approximate % of annual revenue % of revenue Growth Drivers Chart Howden Combined Estimated Mkt growth opportunity Aftermarket, repair, and service Field service Remote monitoring Spare parts 14% 48% 31% +20% Penetration of
Slide 18: Specialty Products: Total Addressable Market
$ billions Chart TAM as of 02/24/2023 Howden TAM Estimate Combined TAM End-use of Products Near-term TAM(1) 2030 TAM CAGR(2) Near-term TAM(1) 2030 TAM CAGR (2) Near-term TAM(1) 2030 TAM CAGR(2) Hydrogen Biofuels & Synfuels Nuclear Energy recovery $4.50 26.8% $6.40 28.5% $11.00 27.8% CCUS Marine 1.00
Slide 19: Howden & Chart Cost and Commercial Synergies
Howden & Chart Cost and Commercial Synergies Additional cost synergy opportunities identified Footprint consolidation – numerous additional offices and other sites resulting in identified $25M+ in additional potential synergies, exceeding our initial target Consolidate Chart’s existing repair and re
Chart Industries — Bank of America Industrials Conference London 2023 on 6ix