Cheniere Energy, Inc. · NYSE:LNG
Cheniere Energy — Corporate Update (June 2025)
19 slides from Cheniere Energy's corporate update, Jun 24, 2025
Slide 1: Cheniere Energy, Inc. FID and Corporate Update Presentation
Cheniere Energy, Inc. FID and Corporate Update Presentation June 24, 2025
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation contains certain statements that are, or may be deemed to be, “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, oth
Slide 3: Premier Global LNG Infrastructure Platform
Premier Global LNG Infrastructure Platform 3 Market Leading Platform with Global Scale Underpinned by Unmatched Commercial Portfolio & Execution Excellence ~8% OF US NATURAL GAS PRODUCTION PROCESSED DAILY AT SPL & CCL 11%+ OF GLOBAL LIQUEFACTION CAPACITY 35+ LONG-TERM, CREDITWORTHY COUNTERPARTIES 10
Slide 4: Long-Term Contracted Profile Second to None
419 435 475 510 540 563 594 1,116 1,203 1,277 1,351 1,458 1,491 1,563 0 500 1,000 1,500 2,000 2024 2025 2026 2027 2028 2029 2030 Global LNG Supply (MT) Global Regasification Capacity (MT) 0 900 1,800 2,700 3,600 4,500 $0 $50 $100 $150 $200 $250 $300 2021 2022 2023 2024 2025 G a s P ri ce s ($ /M M B
Slide 5: Today's Announcements
Today’s Announcements >10% Growth of LNG Platform FID of CCL Midscale Trains 8&9 and Debottlenecking Project Cheniere’s Balanced Capital Allocation Supports Accretive Growth on Asset Base and Shareholder Returns for Sustainable Value Creation >10% Growth of LNG Dividend Raising Annualized Dividend t
Slide 6: Capital Allocation Execution Since 2021
Note: Figures as of March 31, 2025, unless otherwise noted. (1) As of 1Q 2025 10-Q filing cover date of May 1, 2025. (2) Subject to board approval.6 Capital Allocation Execution Since 2021 Share Count Tracking Towards Initial Target of ~200 Million>60 MTPA of Expected LNG Capacity Debt Reduction Ach
Slide 7: FID of CCL Midscale Trains 8&9 & Debottlenecking Project
7 30+ MTPA Platform(1) >90% Contracted with Creditworthy CounterpartiesAdvantaged Brownfield Construction of ~5 MTPA FID of CCL Midscale Trains 8&9 & Debottlenecking Project Today Midscale 8&9 Cost-Advantaged Brownfield Project; No Need for Additional Berths, Tanks, or Pipelines Highly Contracted Ta
Slide 8: Expected Timing of Capacity Additions and Remaining Capex Spend
CCL Stage 3 Total Cost CCL Stage 3 Spent To-Date CCL Stage 3 Remaining Spend CCL Midscale 8&9 + Debottlenecking Total Cost CCL Midscale 8&9 + Debottlenecking Spent To-Date Total Remaining Spend CCH Term Loan Available Cheniere Remaining Equity Spend 8 Expected Timing of Capacity AdditionsRevised Run
Slide 9: Today's FID Solidifies 20/20 Vision
Note: Figures represent capital deployment as of 1Q 2025 10-Q filing cover date of May 1, 2025 under 20/20 Vision Capital Allocation plan announced September 2022. Figures include 1Q 2025 dividends declared April 29, 2025 that was paid May 19, 2025 and may not foot due to rounding. 9 Today’s FID Sol
Slide 10: Brownfield Growth Strategy and Permitting Focus
✓ Focus is on permitting all potential brownfield growth that could be FID’d this decade to maximize growth optionality ✓ Taking advantage of today’s constructive regulatory environment to ensure through-cycle and opportunistic growth flexibility ✓ Brownfield economics of initial single-train phases
Slide 11: Pipeline of Accretive Liquefaction Growth
(1) CCL Stage 3 Project completion percentage as of April 30, 2025 and reflects: engineering 98.5% complete, procurement 99.8% complete, subcontract work 90.1% complete and construction 57.3% complete. (2) Inclusive of debottlenecking potential. 11 Pipeline of Accretive Liquefaction Growth ✓ FID’d a
Slide 12: On Track to Deploy >$25B This Decade
>$25B Rem. 2025 Avail. Cash 2026 2027 2028 2029 2030 Available Cash Note: Forecast subject to change based upon, among other things, changes in commodity prices. Consolidated Adjusted EBITDA, Distributable Cash Flow, Distributable Cash Flow per Share and Distributable Cash Flow per Unit are non-GAAP
Slide 13: DCF of >$20 Per Share Solidified Today with Path to >$25
13 DCF of >$20 Per Share Solidified Today with Path to >$25 Per Share Note: Numbers may not foot due to rounding. Assumes CMI open capacity sales at marketing margin of $2.50 - $3.00 / MMBtu, indicative of current contracting levels on a long-term basis before lifting margin. Consolidated Adjusted E
Slide 14: Disciplined Accretive Growth
Disciplined Accretive Growth Strict Investment Parameters Ensure Accretive Deployment of Capital to Growth LSTK EPC + Highly Contracted Structure to meet Cheniere’s Growth Standard of Risk-Adjusted Value and Credit Accretion Positive FID of CCL Midscale Trains 8&9 in June 2025 Potential for Further
Slide 15: Appendix
Append ix CHENIERE
Slide 16: Run-Rate Guidance Update
($ billions, unless otherwise noted) 9 Trains + Stage 3 (Full Year) 9 Trains + Stage 3 + CCL Midscale 8&9 + Debottlenecking (Full Year) 9 Trains + Stage 3 + CCL Midscale 8&9 + Debottlenecking + CCL Stage IV Phase 1 + SPL Stage V Phase 1 (Full Year) Liquefaction Production Capacity (MTPA) 54 – 57 60
Slide 17: Cheniere Corporate Structure
Cheniere Corporate Structure 17 Publicly Traded Equity Operating Entity Non-Operating Entity Cheniere Energy, Inc. (NYSE: LNG) Cheniere Energy Partners, L.P. (NYSE: CQP) Sabine Pass LNG Sabine Pass Liquefaction Cheniere Creole Trail Pipeline Cheniere Corpus Christi Holdings Corpus Christi Liquefacti
Slide 18: Regulation G Reconciliations
Regulation G Reconciliations This presentation contains non-GAAP financial measures. Consolidated Adjusted EBITDA, Distributable Cash Flow, Distributable Cash Flow per Share, and Distributable Cash Flow per Unit are non-GAAP financial measures that we use to facilitate comparisons of operating perfo
Slide 19: Investor Relations Contacts
© 2024 Cheniere Energy, Inc. All Rights Reserved Investor Relations Contacts Randy Bhatia Vice President, Investor Relations and Communications – (713) 375-5479, randy.bhatia@cheniere.com Frances Smith Director, Investor Relations – (713) 375-5753, frances.smith@cheniere.com John Naumovski Lead Anal