New Fortress Energy Inc. · NASDAQ:NFE
New Fortress Energy — Corporate Update (March 2019)
15 slides from New Fortress Energy's corporate update, Mar 18, 2019
Slide 1: NFE Business Update
NFE Business Update Conference Call - March 18, 2019
Slide 2: NFE Recent Highlights
NFE Recent Highlights NFE continues to make progress in all aspects of our business, including an Initial Public Offering (“IPO”) on January 31 (NASDAQ: NFE) Commercial Activity Is Very Robust Total committed volumes(1) have increased from 2.2mm to 2.5mm gallons per day (“GPD”) from IPO to date
Slide 3: NFE Commercial Highlights
Commercial Update NFE Commercial Highlights Total committed volumes(1) of 2.5mm gallons per day (GPD) as of today, up from 960k GPD 1Q2018 Substantial Increase in Committed & In-Discussion Total volumes in discussion(2) to date of 14.4mm GPD, up from 950k GPD in 1Q2018 Volumes Total opportunit
Slide 4: Committed Customer Volumes
Commercial Update Committed Customer Volumes We have ~2.5mm GPD of committed customer volumes(1) among 41 agreements and bid awards Montego Bay Miami LNG San Juan Customer Type Status LNG GPD Customer Type Status LNG GPD Customer Type Status LNG GPD Small Scale Large Scale Large Scale Power Provider
Slide 5: Targeted Volumes and Illustrative Cash Flows by Quarter
Financial Update Targeted Volumes and Illustrative Cash Flows by Quarter(4)(5) – Approximately 2.5mm GPD of committed volumes(1) expected to generate approximately $240mm of run-rate terminal cash flow by the end of 2019(4) – Over 14mm GPD of volumes in discussion(2) 2019 2020 2021 Q1 Q2 Q3 Q4 Q1 Q2
Slide 6: NFE Development Scorecard
Development Update NFE Development Scorecard Project CapEx (11)(12) Status First Gas(9) On Time? At Budget? Developments Largely Large Scale Miami LNG $70 Complete 4Q2015 Old Harbour $86 Complete 1Q2019 On Time & At Budget(13) Montego Bay $80 Complete 4Q2016 X X PA Liquefier $800 In Developm
Slide 7: Old Harbour Offshore Terminal
Development Update Old Harbour Offshore Terminal Old Harbour Offshore Terminal delivered first gas in March, on time and at budget(13) Capex First Gas Committed Volumes Major Milestones $86mm 1Q2019 ~646,000GPD Construction began in 4Q2017 Completed Old Harbour Offshore Terminal Old Harbour was
Slide 8: PA Liquefaction Facility
Development Update PA Liquefaction Facility Development of NFE’s in-basin liquefaction facility on track for delivering “first drop” of LNG targeted in 1Q2021 Target Capex First Drop Capacity Major Milestones $800mm 1Q2021 3.6mm GPD Acquired ~335 acres of land in Wyalusing, PA Signed GSA for 100
Slide 9: Jamalco CHP Plant
Development Update Jamalco CHP Plant Construction of 150MW CHP Plant in Clarendon, Jamaica Target Capex First Gas Committed Volumes Major Milestones $195mm 1Q2020 ~270,000GPD Construction permits received in 3Q2018 Projected Budget - $195mm (12) Construction started in September 2018 1Q2020: T
Slide 10: San Juan Micro Fuel Handling Facility
Development Update San Juan Micro Fuel Handling Facility Construction has begun on the facility to include regasification and truck loading operations Target Capex First Gas Committed Volumes Major Milestones $118mm Mid-2019 ~897,000GPD Construction permits received in 1Q2019 Projected Budget - $1
Slide 11: La Paz LNG Import Terminal & Power Plant
Development Update La Paz LNG Import Terminal & Power Plant LNG import terminal and 97MW gas turbine merchant power plant Target Capex First Gas Committed Volumes Major Milestones $132mm 1Q2020 ~405,000GPD Generation license & interconnection agreement complete Projected Budget - $132mm(12) as of
Slide 12: Disclaimers
Disclaimers – IN GENERAL. This disclaimer applies to this document and the verbal or written comments of any person presenting it. This document, taken together with any such verbal or written comments, is referred to herein as the “Presentation.” – FORWARD-LOOKING STATEMENTS. Certain statements reg
Slide 13: Endnotes
Endnotes – (1) “Committed Volumes” means our expected volumes to be sold to customers under binding contracts, non-binding letters of intent, non-binding memorandums of understanding or have been officially selected as the winning provider in a request for proposals or competitive bid process. We ca
Slide 14: Endnotes
Endnotes – (5) This illustrative range of run-rate terminal cash flow assumes (in addition to the assumptions underlying the run-rate terminal cash flow definition) that 25% to 50% of the volumes in discussion are converted to committed volumes. There can be no assurance that we will enter into cont
Slide 15: Endnotes
Endnotes – (11) This number represents our estimate of the capital expenditure as at the referenced date for each of these development projects, and includes our internal estimates, particularly from recent periods. In the case of Old Harbour, these amounts exclude certain improvements made to the f