Chart Industries, Inc. · NYSE:GTLS
Chart Industries — Q2 2020 Earnings Presentation
21 slides from Chart Industries's earnings presentation, Jul 23, 2020
Slide 1: Chart Industries Q2 2020 Earnings Call
Exhibit 99.2 Chart Industries Q2 2020 EARNINGS CALL
Slide 2: Forward-Looking Statements
Forward-Looking Statements CERTAIN STATEMENTS MADE IN THIS PRESENTATION ARE FORWARD-LOOKING STATEMENTS WITHIN THE MEANING OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995. FORWARD-LOOKING STATEMENTS INCLUDE STATEMENTS CONCERNING THE COMPANY’S BUSINESS PLANS, INCLUDING STATEMENTS REGARDING COM
Slide 3: Our Focused Strategy
SE > Our Focused Strategy Coley Dai Community & Employees Broadest Product Offering + Environmental, Social & Governance for Industrial Gas & Energy + Building capabilities to support + Application and Customer Expansion other strategic pillars + Cryo-pump opportunity + Branding + Repair & Service +
Slide 4: Chart's Offering for Clean Energy Applications
Chart’s Offering for Clean Energy Applications *Blue areas (A through J) are applications for which Source: BP Energy Outlook 2019 Chart has existing products and solutions © 2020 Chart Industries, Inc. Confidential and Proprietary 4
Slide 5: Clean Energy Is Global and Now Carbon Neutral By 2050 or Sooner
Clean Energy Is Global and Now Carbon Neutral By 2050 or Sooner 100% Renewable (No Coal) By 2050 or Sooner Afghanistan Austria Barbados Costa Rica Australia Austria Bangladesh Barbados Canada Chile Denmark European Union Finland Hungary France Germany Kenya Slovenia Iceland Ireland Jamaica Netherlan
Slide 6: Hydrogen Continues to Ramp
Hydrogen Continues to Ramp IQUEFACTION LIQUID VEHICLE FUEL L MARINE FUEL AND VACUUM LIQUID TRANSPORT TANKS FOR FUELING STORAGE STATIONS TRANSPORT INSULATED PIPE TRAILERS ELECTRONICS SYSTEMS FOR TANKS MANUFACTURING AEROSPACE Application/Technology Chart Production Liquefaction X Transport Cryo Liquid
Slide 7: Micro LNG & Storage for Biogas Is Gaining Traction
Micro LNG & Storage for Biogas Is Gaining Traction LNG Storage Tanks Truck Loading Skid Pump Skid Pump Skid Truck Loading Air Cooled HX Skid Storage Storage Tank Tank Pressure Build Cold Box Cold Box Air Cooled HX © 2020 Chart Industries, Inc. Confidential and Proprietary 7
Slide 8: Specialty Markets: Broad Addressable Markets
Specialty Markets: Broad Addressable Markets © 2020 Chart Industries, Inc. Confidential and Proprietary 8
Slide 9: ESG Focus: Cargill and MC Pack LN2 Dosing
ESG Focus: • Customers: Cargill and MC Pack • Geography: Brazil • Application: LN2 dosing (including our MicroDose feature providing consistent 2 to 3 psi bottle pressures) for vegetable oil packaged in PET bottles. LN2 Dosing at the Cargill Plant • How it helps carbon footprint reduction: The new p
Slide 10: Q2 2020 Backlog
Q2 2020 Backlog Total Chart E&C Cryo E&C FinFans D&S West D&S East +1% +10% Chart ex Calcasieu: $619 $625 $168 $185 -7% -15% -42% +21% +7% $218 Chart Total: $157 $753 $302 $130 $117 $203 $697 $257 $68 Q2 FY19 Q2 FY20 Q2 FY19 Q2 FY20 Q2 FY19 Q2 FY20 Q2 FY19 Q2 FY20 Q2 FY19 Q2 FY20 Included Includes $
Slide 11: Venture Global Calcasieu Pass First Cold Boxes Onsite
Venture Global Calcasieu Pass First Cold Boxes Onsite © 2020 Chart Industries, Inc. Confidential and Proprietary 11
Slide 12: Recent Demand Trends (Vs. April 2020)
Recent Demand Trends (Vs. April 2020) Strengthening Consistent Weakening • Cryobio • Critical Care (from •Systems • Hydrogen Strengthening) • Cannabis •Dosing D&S West • Food & beverage (from • Water Treatment consistent) • Space • Repair & service • Regas terminals • HLNG vehicle tanks (from weaken
Slide 13: Recent Demand Trends (No Change Vs. April 2020)
Recent Demand Trends (No Change Vs. April 2020) Strengthening Consistent Weakening • Lifecycle (service & • Small-scale LNG • New Big LNG projects repair) • Petrochemical • Nat gas processing • BAHX bidding activity • Industrial gas E&C Cryo from Sumitomo customers • Fans • Aftermarket • Air cooled
Slide 14: Chart Agreements
Chart Agreements MOUs / LOCs LTAs Complete LTAs in negotiation LOIs in Hand Partnerships ExxonMobil India LNG HLNG Customer 1 (2019) IG Major B IG Major (A) Bulk & FirstElement and IOCL Lifecycle IOCL HLNG Customer 2 (2019) IG Major B Lifecycle MIT tanks ForzeH2 Risco Energy IG Major (A) Vaporizers
Slide 15: YTD 2020 Cost Reductions and Projected Savings
YTD 2020 Cost Reductions and Projected Savings © 2020 Chart Industries, Inc. Confidential and Proprietary 15
Slide 16: Q2 and YTD 2020 EPS
Q2 and YTD 2020 EPS $ millions, except per share amounts Q2 2020 Q2 2019 Change v. PY YTD 2020 YTD 2019 Change v. PY Continuing Operations Net income attributable to Chart Industries, Inc. $20.1 $14.4 $5.7 $28.6 $15.3 $13.3 Reported Diluted EPS $0.57 $0.41 $0.16 $0.80 $0.45 $0.35 1 Restructuring and
Slide 17: Q2 and YTD 2020 Free Cash Flow
Q2 and YTD 2020 Free Cash Flow $ millions, except per share amounts Continuing Operations Q2 2020 Q2 2019 Change v. PY YTD 2020 YTD 2019 Change v. PY Income attributable to Chart Industries, Inc. adjusted (1) $23 $22 $1 $45 $30 $15 Income attributable to noncontrolling interests 1 - 1 1 - 1 Deprecia
Slide 18: Accounts Receivable (DSO) Trends
Accounts Receivable (DSO) Trends (1) Data is from all Chart sites that are on JD Edwards software system © 2020 Chart Industries, Inc. Confidential and Proprietary 18
Slide 19: Full Year 2020 Guidance
Full Year 2020 Guidance Revenue $1.3B to $1.4B Includes $100M of Calcasieu Pass Diluted Adjusted EPS $3.00 - $3.50 Assumes 19% ETR Capital Expenditures $30M to $35M New HLNG Vehicle Tank Line Capital Includes $5M PRS greenfield (2H 2020), ½ of the Facility Consolidation in FinFans (2H 2020), and HLN
Slide 20: Thank You Chart Team!
20 Thank You Chart Team! © 2020 Chart Industries, Inc. Confidential and Proprietary
Slide 21: YTD 2020 Cost Reductions and Projected Savings
YTD 2020 Cost Reductions and Projected Savings Q1 2020 Actions Q3 2020 Actions Completed Annualized Savings 2020 Savings Cost to RIF Annualized Savings 2020 Savings Cost to RIF D&S West 4.0 3.1 0.9 D&S West - - - D&S East 2.6 1.8 0.7 D&S East - - - E&C Cryo 5.0 3.7 0.5 E&C Cryo - - - E&C FinFans 20.