Venture Global, Inc. · NYSE:VG
Venture Global — Q4 2024 Earnings Presentation
21 slides from Venture Global's earnings presentation, Mar 6, 2025
Slide 1: Venture Global 2024 Fourth Quarter and Full Year
Venture Global 2024 FOURTH QUARTER AND FULL YEAR MARCH 6, 2025
Slide 2: Legal Disclaimer
LEGAL DISCLAIMER Forward-Looking Statements This presentation includes statements that may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 (as amended, the “Securities Act”), and Section 21E
Slide 3: Legal Disclaimer (Cont'd)
LEGAL DISCLAIMER (CONT’D) Market and Industry Data Certain of the information contained herein concerning industry and market data, economic trends, market position and competitiveness is based upon or derived from industry and market data from independent industry publications, other publicly avail
Slide 4: Table of Contents
TABLE OF CONTENTS Section Company Highlights 5 Project Updates 8 Industry Trends 13 Financial Performance 15 Appendix 18 4
Slide 5: Company Highlights
COMPANY HIGHLIGHTS VENTURE
Slide 6: Q4 and Full Year 2024 Company Accomplishments & 2025 Guidance
COMPANY HIGHLIGHTS Q4 and Full Year 2024 Company Accomplishments & 2025 Guidance Revenue ($MM) Key Milestones Achieved in 2024 Consolidated Adjusted EBITDA(1) Summary $7,897 First LNG and First Cargo at Plaquemines $4,972 $1,524 $1,632 Progressed CP2 development, $4.0Bn spent on construction, procur
Slide 7: Robust Asset Growth
ROBUST ASSET GROWTH Rapid Growth in Production Capacity Underpinned by Long-Term SPAs Venture Global has 100 45 cumulatively received 52 LNG trains across Calcasieu Pass 90 40 and Plaquemines, with 34 currently being commissioned across the two sites 80 35 Two more LNG trains arrived Number of Lique
Slide 8: Project Updates
PROJECT UPDATES a itor, <M , yt . a F 4 < - VENTURE GLOL
Slide 9: Project Updates | Calcasieu Pass
PROJECT UPDATES | CALCASIEU PASS Overview Production Summary and Forecast Path to COD | Anticipated April 15th, 2025 Q4 and Full Year 2024 Exported Cargos 160 143 In February, the project completed repair work on the final Heat Recovery Steam Generator in its 140 power island and in early March it c
Slide 10: Project Updates | Plaquemines
PROJECT UPDATES | PLAQUEMINES Overview Production Summary and Forecast 34 liquefaction trains have now been delivered to site. The fabrication of the two remaining LNG Cargo Forecast(1) trains is complete and delivery is expected within the month Contracted Cargos 125 Following the successful revers
Slide 11: Project Updates | CP2
PROJECT UPDATES | CP2 CP2 Progress and Path to First LNG Q1 Q2 Q3 Q4 Execute Phase I major Engineering, Procurement and Construction agreements Complete Advance detailed engineering: Achieved 90% engineering on Phase I Complete 2025 PP I PI Secure long lead time equipment (Power Plant Equipment, Liq
Slide 12: Project Updates | Plaquemines Expansion
PROJECT UPDATES | PLAQUEMINES EXPANSION Overview We are pleased to announce we have begun the pre-filing process at FERC for a brownfield expansion of Plaquemines Q1 Q2 Q3 Q4 On March 6, we submitted to FERC a request to initiate the pre-filling process for our Plaquemines Expansion. The project wil
Slide 13: Industry Trends
INDUSTRY TRENDS VENTURE GLOBAL
Slide 14: Industry Trends
INDUSTRY TRENDS Forward LNG and Henry Hub Prices(1) IEA 2025 Revised LNG Supply Outlook(2) 18 620 600 15 $13.80 580 12 Bcm $13.60 560 $/MMBtu 9 540 6 520 $5.21 500 3 - Apr-25 May-25 Jun-25 Jul-25 Aug-25 Sep-25 Oct-25 Nov-25 Dec-25 Japan Korea Marker ("JKM") Title Transfer Facility ("TTF") Henry Hub
Slide 15: Financial Performance
FINANCIAL PERFORMANCE 4
Slide 16: Fourth Quarter and Full Year 2024
FOURTH QUARTER AND FULL YEAR 2024 Summary of Results and Drivers Consolidated Adjusted EBITDA Bridge(2) 2024 2023 Consolidated Adjusted EBITDA Bridge | Full Year 2024 Q4 Full Year Q4 Full Year $5,155 ($117) ($2,478) Revenue $1,524 $4,972 $1,632 $7,897 (1) Net Income 871 1,475 (50) 2,681 Consolidated
Slide 17: Full Year 2025 Guidance
FULL YEAR 2025 GUIDANCE FY 2025 Guidance 2025 Full Year Consolidated Adjusted EBITDA(1)(2) $6.8Bn - $7.4Bn (1) Consolidated Adjusted EBITDA (+/- $1/MMBtu) $625MM - $675MM Calcasieu Pass Cargos 140 - 148 Plaquemines Cargos 219 - 239 Key Drivers Calcasieu Pass COD Ramp up and commissioning of Plaquemi
Slide 18: Appendix
APPENDIX
Slide 19: Appendix | Selected Simplified Organizational Structure
APPENDIX | SELECTED SIMPLIFIED ORGANIZATIONAL STRUCTURE(1) Venture Global, Inc. (NYSE:VG) $3.0Bn Perpetual Preferred Equity Venture Global LNG, Inc. $11.0Bn Senior Secured Notes $1.5Bn Stonepeak Redeemable Calcasieu Pass Other Venture Global Project Venture Global Commodities, LLC Preferred Equity I
Slide 20: Consolidated Adjusted EBITDA Reconciliation
CONSOLIDATED ADJUSTED EBITDA RECONCILIATION Consolidated Adjusted EBITDA ($MM) – Annual(1) Consolidated Adjusted EBITDA ($MM) – Quarterly(1) The following table reconciles our Consolidated Adjusted EBITDA to U.S. GAAP results for the twelve months ended December 31, The following table reconciles ou
Slide 21: Contacts
Contacts Investor Contact Media Contact Michael Pasquarello Shaylyn Hynes ir@venturegloballng.com press@venturegloballng.com 21