Chart Industries, Inc. · NYSE:GTLS

Chart Industries — Q1 2022 Earnings Presentation

31 slides from Chart Industries's earnings presentation, Apr 29, 2022

1. Slide 1: First Quarter 2022 Earnings Call

   Chart Industries FIRST QUARTER 2022 EARNINGS CALL Exhibit 99.2

2. Slide 2: Forward-Looking Statements

   Forward-Looking Statements © 2022 Chart Industries, Inc. Confidential and Proprietary 2 CERTAIN STATEMENTS MADE IN THIS PRESENTATION ARE FORW ARD-LOOKING STATEMENTS W ITHIN THE MEANING OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995. FORW ARD-LOOKING STATEMENTS INCLUDE STATEMENTS CONCERNING

3. Slide 3: Heightened Focus on Energy Resilience, Independence, Security and Sustainability

   Heightened Focus on Energy Resilience, Independence, Accessibility, Security and Sustainability Since February 24, 2022 © 2022 Chart Industries, Inc. Confidential and Proprietary 3 European Commissioner for Energy stated that Russia’s aggression against Ukraine has dramatically transformed the geopo

4. Slide 4: Contributing to Q1 2022 Record Orders, Backlog and Other Highlights

   …Contributing to Q1 2022 Record Orders, Backlog and Numerous Other Highlights © 2022 Chart Industries, Inc. Confidential and Proprietary 4 Other Q1 2022 notable items: • EMEA & India first quarter 2022 orders were a 9% sequential increase over the fourth quarter 2021 and the strongest first quarter

5. Slide 5: Another Consecutive Record Order & Backlog Quarter

   Another Consecutive Record Order & Backlog Quarter © 2022 Chart Industries, Inc. Confidential and Proprietary 5 Continued increasing interest in the actual order book as well as in the pipeline, which we will discuss today: • LNG, LNG, LNG • Railcars abound! • Food & beverage new store buildouts and

6. Slide 6: First Quarter 2022 Summary

   First Quarter 2022 Summary © 2022 Chart Industries, Inc. Confidential and Proprietary 6 (1) Q1’22 included $6.4 million and Q1’21 included $14.7 million in Big LNG project revenue. When excluding Big LNG, the second figures are the change from Q1’21 to Q1’22, and Q4’21 to Q1’22 (2) Adjusted Non-Dilu

7. Slide 7: Sales & Gross Margin Trends

   Sales & Gross Margin Trends © 2022 Chart Industries, Inc. Confidential and Proprietary 7 (1) Adjusted Gross Margin % is a non-GAAP measure. Please see reconciliation table at the end of the accompanying earnings release for a reconciliation to the relevant GAAP measure. $289 $322 $328 $379 $354 29.1

8. Slide 8: Addback Specifics by Category

   © 2022 Chart Industries, Inc. Confidential and Proprietary 8 Addback Specifics by Category Category Q4 2021 Addback Items Q4 2021 $M Q1 2022 Addback Items Q1 2022 $M 1 Restructuring and Severance • Severance costs • Xinye, China facility relocation • Corp HQ move from Cryoport facility • Tulsa ACHX

9. Slide 9: First Quarter 2022 Earnings Per Share

   First Quarter 2022 Earnings Per Share © 2022 Chart Industries, Inc. Confidential and Proprietary 9 (1) Tax effect reflects adjustment at normalized periodic rates (2) Adjusted Basic EPS and Normalized Basic EPS (both non-GAAP measures) are as reported on a historical basis. EPS adjustment reconcilia

10. Slide 10: 2021, 2022 Challenges, Actions & Progress (1/2)

    © 2022 Chart Industries, Inc. Confidential and Proprietary 10 2021, 2022 Challenges, Actions & Progress (1/2) # Challenge Risk Level as of 12/31/2021 (as described on Q4 2021 earnings call) Risk Level as of 3/31/2022 Risk Level as of 4/29/2022 Actions Taken / In Progress as of 4/29/2022 1 Material C

11. Slide 11: 2021, 2022 Challenges, Actions & Progress (2/2)

    © 2022 Chart Industries, Inc. Confidential and Proprietary 11 2021, 2022 Challenges, Actions & Progress (2/2) # Challenge Risk Level as of 12/31/2021 (as described on Q4 2021 earnings call) Risk Level as of 3/31/2022 Risk Level as of 4/29/2022 Actions Taken / In Progress as of 4/29/2022 4 Labor Avai

12. Slide 12: 2021 Pricing Actions

    2021 Pricing Actions (As shown on Q4 2021 earnings call) © 2022 Chart Industries, Inc. Confidential and Proprietary 12 First Half 2021 Q3 2021 Q4 2021 Increase in Material Costs from 6/30/2021 to 9/30/2021: • Aluminum +18% • Carbon steel +24% • Stainless steel +12% Increase in Material Costs from 1/

13. Slide 13: 2022 Year-to-Date Pricing and Surcharge Actions

    © 2022 Chart Industries, Inc. Confidential and Proprietary 13 2022 Year-to-Date Pricing and Surcharge Actions As of April 25, 2022 and anticipated for 2H 2022 Price Changes: • January 1, 2022: • Rolling IG Major index adjusted price updates • All standard price lists had pricing adjustment • HLNG ve

14. Slide 14: Example: Global Freight

    © 2022 Chart Industries, Inc. Confidential and Proprietary 14 Example: Global Freight Chart Freight Actions Taken: • Eliminated free freight on volume purchases • Utilizing alternative freight and transport providers • Increased surcharge on standard tank shipments • Refined process to ensure actual

15. Slide 15: Estimate of Organic Capacity & Automation Capex

    Estimate of Organic Capacity & Automation Capex © 2022 Chart Industries, Inc. Confidential and Proprietary 15 # Description Category Done? 2021 Act 2022 Fcst 2023 Fcst 1 Maintenance Capital Maintenance $24.3 $22.0 $24.0 2 Tulsa BAHX Furnace Line Capacity 4.2 7.0 7.0 3 GOFA Germany Trailer Production

16. Slide 16: Brazed Aluminum Heat Exchanger Line, Tulsa, Oklahoma

    • All major equipment ordered • Fin presses, saws, machining equipment installed • Construction of foundations underway • Construction of stacking & defixturing pits underway • Expected furnace delivery in August 2022 • Planned production test in November 2022 • Training of new staff in process Braz

17. Slide 17: Manufacturing Site Expansion Sri City, India

    Manufacturing Site Expansion Sri City, Andhra Pradesh, India • Doubling of existing manufacturing floor space • Production building erected and flooring near completion • Electrical, utility, fire water network installation underway • Sheet shearing and rolling machines ordered • Production staff in

18. Slide 18: Segment Sales and Gross Margin Information

    Segment Sales and Gross Margin Information © 2022 Chart Industries, Inc. Confidential and Proprietary 18 (1) Adjusted Gross Margin % is a non-GAAP measure. Please see reconciliation table at the end of the accompanying earnings release for a reconciliation to the relevant GAAP measure. Sales ($M, ex

19. Slide 19: Full Solutions Platforms Across the Nexus of Clean

    Full Solutions Platforms Across the Nexus of Clean © 2022 Chart Industries, Inc. Confidential and Proprietary 19 Clean End Market Solution GTLS Process Technologies (Owned in Full) GTLS Process Technologies Through Minority Ownership GTLS Equipment Clean Power • Hydrogen • Helium • LNG • Biogas • BA

20. Slide 20: The Nexus of Clean is Happening Now

    © 2022 Chart Industries, Inc. Confidential and Proprietary 20 The Nexus of Clean is Happening Now First of a Kinds (FOAKs) Q1 2022 = 28 Total New Customers Q1 2022 = 84 Q1 2022 successes from our acquisitions and Founder’s Innovation Team demonstrate the Nexus of Clean™ • L.A. Turbine had the highes

21. Slide 21: Specialty Products – GTLS Gas By Rail

    © 2022 Chart Industries, Inc. Confidential and Proprietary 21 Specialty Products – GTLS Gas By Rail™ Backlog: - Seven LNG fuel tenders and 25 ethylene railcars - 20 argon railcars (including 10 booked in Q1 2022) Potential additional railcar orders in the next 18 months: - Possibility of 2 to 30 add

22. Slide 22: Increasing LNG Opportunities for GTLS – Here's Why

    © 2022 Chart Industries, Inc. Confidential and Proprietary 22 Increasing LNG Opportunities for GTLS – Here’s Why Macro Tailwinds Chart Specific • Energy security, resiliency, stability, accessibility • Regulatory support and progress including FERC approved U.S. Gulf Coast projects moving to FID • M

23. Slide 23: Increasing LNG Opportunities for GTLS – The Numbers

    Increasing LNG Opportunities for GTLS – The Numbers © 2022 Chart Industries, Inc. Confidential and Proprietary 23 Pre Feb 24, 2022 GTLS Perspective April 29, 2022 GTLS Perspective BigLNG (greater than 5 MTPA) • Number of reasonably possible projects to move to order stage by 2024 10 22 • Number of i

24. Slide 24: Full Year 2022 Outlook

    © 2022 Chart Industries, Inc. Confidential and Proprietary 24 Full Year 2022 Outlook Revenue $1.725 billion to $1.85 billion Non-Diluted Adjusted EPS $5.35 to $6.50 Assumes 19% ETR and 35.83M shares outstanding Capital Expenditures Approximately $50 to $55 million Adjusted Free Cash Flow Approximate

25. Slide 25:  At 3/31/2022, we achieved our lowest 12-month rolling Total Recordable Incident Rate (TRIR)

    © 2022 Chart Industries, Inc. Confidential and Proprietary 25  At 3/31/2022, we achieved our lowest 12-month rolling Total Recordable Incident Rate (TRIR) in our history  In 2021, we reduced our GHG Intensity metric by ~14%  Scope 1 and Scope 2 emissions declined almost 4% in 2021  Scope 2 emiss

26. Slide 26: Recognizing our Leadership in Safety

    Recognizing our Leadership in Safety © 2022 Chart Industries, Inc. Confidential and Proprietary 26 Tom Drube, VP of Engineering and Chart Engineering Fellow • Recipient of the distinguished Charles H. Glasier Safety Award 2022, presented annually by the Compressed Gas Association (CGA) to an individ

27. Slide 27: Appendix

    Appendix 27

28. Slide 28: First Quarter 2022 Adjustments

    First Quarter 2022 Adjustments © 2022 Chart Industries, Inc. Confidential and Proprietary 28 $ millions, except per share amounts Q1 2022, Reported Adjustments (1) Q1 2022, Adjusted (1) Continuing Operations Sales $354.1 $354.1 Gross profit 83.7 8.7 92.4 Selling, general, and administrative expenses

29. Slide 29: First Quarter 2022 Adjusted EBITDA

    First Quarter 2022 Adjusted EBITDA © 2022 Chart Industries, Inc. Confidential and Proprietary 29 (1) “EBITDA” and “Adjusted EBITDA” 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. GAAP. Management believes

30. Slide 30: First Quarter 2022 Free Cash Flow

    First Quarter 2022 Free Cash Flow © 2022 Chart Industries, Inc. Confidential and Proprietary 30 (1) “Net income, adjusted” is not a measure of financial performance under U.S. GAAP and should not be considered as an alternative to net income in accordance with U.S. GAAP. Reconciliation to Net Income

31. Slide 31: Segment Information

    Segment Information © 2022 Chart Industries, Inc. Confidential and Proprietary 31 (1) Adjusted Operating Margin % is a non-GAAP measure. Please see reconciliation table at the end of the accompanying earnings release for a reconciliation to the relevant GAAP measure. Sales ($M, except %) Q1 ‘22 Q4 ‘

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