Flex Lng Ltd. · NYSE:FLNG
Flex Lng — DNB Carnegie's Energy & Shipping Conference 2026
9 slides from Flex Lng's conference presentation, March 2026
Slide 1: Flex LNG – DNB Carnegie's Energy & Shipping Conference
Flex LNG DNB Carnegie's Energy & Shipping Conference March 2026 1
Slide 2: Disclaimer
DISCLAIMER MATTERS DISCUSSED IN THIS PRESS RELEASE MAY CONSTITUTE FORWARD-LOOKING STATEMENTS. THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 PROVIDES SAFE HARBOUR PROTECTIONS FOR FORWARD-LOOKING STATEMENTS IN ORDER TO ENCOURAGE COMPANIES TO PROVIDE PROSPECTIVE INFORMATION ABOUT THEIR BUSINESS.
Slide 3: Flex LNG Investment Highlights
FLEX LNG INVESTMENT HIGHLIGHTS 13x modern LNGCs (4 X-DFs and 9 MEGIs) with an average age of 6.3 years. Modern Ordered at the right time in the cycle, avg. all-in newbuild cost of $185m, vs. LNGC fleet current newbuild prices of ~$250m High earnings 50 years of minimum charter backlog, may grow to 7
Slide 4: High Contract Coverage and Earnings Visibility
HIGH CONTRACT COVERAGE AND EARNINGS VISIBILITY 50 years of minimum firm backlog which may grow to 75 years with charterers’ extension options 0 0 7 0 0 0 0 essels n rm nc o ons C R NA R C E A NA E NA R NA A NA NA A NA O O 4
Slide 5: Q4 Message in February vs. Old Software
U …. Q4 MESSAGE IN FEBRUARY S OLD SOFTWAR … 78% “High vessel availability weigh “Substantial deliveries over the “EU absorbing volumes, on spot rates” next 24 months” not ton-mile” 5
Slide 6: 2nd Largest LNG Exporter Halts Output, Shaking Energy Markets
2nd LARGEST LNG EXPORTER HALTS OUTPUT, SHAKING ENERGY MARKETS ~20% OF GLOBAL LNG EXPORTS ORIGINATE FROM ASIA HIGHLY RELIANT ON QATAR’S LNG WITHIN THE STRAIT OF HORMUZ LNG export by largest origin country FY2025, Asian LNG Import Exposure: Qatar & UAE vs. RoW MT % FY2023-2025 Qatar + UEA RoW China 26
Slide 7: Never Underestimate Geopolitical Risk in Energy Markets
NEVER UNDERESTIMATE GEOPOLITICAL RISK IN ENERGY MARKETS Natural gas prices, $/MMBtu 25 20 +90% TTF JKM +53% 15 10 5 0 Mar-25 Apr-25 May-25 Jun-25 Jul-25 Aug-25 Sep-25 Oct-25 Nov-25 Dec-25 Jan-26 Feb-26 Mar-26 Source: Bloomberg as of March 4, 2026 7 Note: % change is from quoted data on February 27,
Slide 8: Red Hot Spot Market
RED HOT SPOT MARKET Spot charter rate (modern two-strokes), $’ y 350 2025 Two-stroke reported @ 2026 300 $300,000/day Spark Atlantic spot assessment Average 2021-25 March 4, 2026 @ ~$278,250/day Spark 250 Spark - February 27, 2026 200 TFDE reported @ $200,000/day 150 TFDE reported @ $125,000/day 100
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