Slide 1: Fourth Quarter and Full Year 2021 Earnings Call
Chart Industries FOURTH QUARTER AND FULL YEAR 2021 EARNINGS CALL Exhibit 99.2
Slide 2: Forward-Looking Statements
Forward-Looking Statements CERTAIN STATEMENTS MADE IN THIS PRESENTATION ARE FORW ARD -LOOKING STATEMENTS W ITHIN THE MEANING OF THE PRIVATE SECURITIES LITIGAT ION REFORM ACT OF 1995. FORW ARD-LOOKING STATEMENTS INCLUDE STATEMEN TS CONCERNING THE COMPANY’S BUSINESS PLANS, INCLUDING STATEMENTS REGARDI
Slide 3: Fourth Quarter and Full Year 2021 Summary
© 2022 Chart Industries, Inc. Confidential and Proprietary 3 Fourth Quarter and Full Year 2021 Summary (1) Q4 and FY2020 included $25 and $98 million respectively, and FY21 included $20 million for Venture Global’s Calcasieu Pass project; when excluding BigLNG, the second figures are the change from
Slide 4: Q4 and Full Year 2021 Record Orders, Sales, Backlog
© 2022 Chart Industries, Inc. Confidential and Proprietary 4 Q4 and Full Year 2021 Record Orders, Sales, Backlog Q4 2021 (Quarterly Records) Orders Sales Specialty Products Y Hydrogen & Helium Y Y Water Treatment Y Y Food & Beverage Y HLNG Vehicle Tanks Cannabis Y Other Cryo Tank Solutions Y Mobile
Slide 5: Sales & Operating Margin Trends
Sales & Operating Margin Trends © 2022 Chart Industries, Inc. Confidential and Proprietary 5 (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. We did not addback fo
Slide 6: Q4 2021 Addback Specifics by Category
Q4 2021 Addback Specifics by Category © 2022 Chart Industries, Inc. Confidential and Proprietary 6 As previously indicated on the third quarter 2021 earnings call, we anticipate addback amounts to reduce in 2H 2022 given timing of acquisition integrations, inflight capacity startup expenses, as well
Slide 7: Fourth Quarter and Full Year 2021 Earnings Per Share
© 2022 Chart Industries, Inc. Confidential and Proprietary 7 Fourth Quarter and Full Year 2021 Earnings Per Share (1) Tax effect reflects adjustment at normalized periodic rates (2) Adjusted Non-Diluted EPS (a non-GAAP measure) is as reported on a historical basis. EPS adjustment reconciliation tabl
Slide 8: Year-Over-Year Material Cost Change & Chart Pricing
Year-Over-Year Material Cost Change & Chart Pricing © 2022 Chart Industries, Inc. Confidential and Proprietary 8 Carbon Steel • Trending downward for past 2 months • Actively depleting safety stock Stainless Steel • Futures indicate this will begin trending downward • Will begin depleting safety sto
Slide 9: Structural Pricing Actions
© 2022 Chart Industries, Inc. Confidential and Proprietary 9 Structural Pricing Actions 2020 Chart Industries Investor Day 9 First Half 2021 Q3 2021 Q4 2021 1H ‘22 F 2H ‘22 F Increase in Material Costs from 6/30/2021 to 9/30/2021: • Aluminum +18% • Carbon steel +24% • Stainless steel +12% Increase i
Slide 10: Estimate of Organic Cost Out Actions, Excluding Pricing
Estimate of Organic Cost Out Actions, Excluding Pricing 10 Item Description (of select project examples) Category Annualized Est. Savings ($ millions) 1 LTA, synergy, volume supply chain savings Sourcing 8.5 2 Operations cost negotiation projects Sourcing 5.0 3 Further utilization of Hyderabad, Indi
Slide 11: Estimate of Organic Capacity & Automation Capex
Estimate of Organic Capacity & Automation Capex 11 # 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 Expansion Capacity/Automation 0.1 7.6 3.2 4 SriCity, India
Slide 12: Fourth Quarter and Full Year 2021 Free Cash Flow
© 2022 Chart Industries, Inc. Confidential and Proprietary 12 Fourth Quarter and Full Year 2021 Free Cash Flow (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. Reconciliatio
Slide 13: Full Solutions Platforms Across the Nexus of Clean
Full Solutions Platforms Across the Nexus of Clean Clean End Market Solution GTLS Process Technologies (Owned in Full) GTLS Process Technologies Through Minority Ownership GTLS Equipment Clean Power • Hydrogen • Helium • LNG • Biogas • BAHX • ACHX • Bulk & Microbulk • Fans • Transports • Valves / Va
Slide 14: Q4 and FY2021 FOAKs and New Customers
© 2022 Chart Industries, Inc. Confidential and Proprietary 14 Q4 and FY2021 FOAKs and New Customers First of a Kinds (FOAKs) in Q4: 22 First of a Kinds (FOAKs) in 2021: 79 Water BioLNG Cannabis Space New Customers in Q4: 99 New Customers in 2021: 402 HLNG Beverage Hydrogen Marine / Hydrogen First fu
Slide 15: Founders' Innovation Team
Rich Cavagnaro Co-Founder AdEdge Greg Gilles Co-Founder AdEdge Amy George Founder & CEO Earthly Labs Larry Baxter Co-Founder SES Andy Baxter Co-Founder SES Danny Mascari CEO L.A. Turbine Rick Hessinger Founder & CEO Cryo Technologies Founders’ Innovation Team 15
Slide 16: Inorganic Examples of Immediate Impacts to Chart
Inorganic Examples of Immediate Impacts to Chart Spotlighting our most recent two acquisitions © 2022 Chart Industries, Inc. Confidential and Proprietary 16 AdEdge adding Treatment-as-a- Service to their PFAS offering, landing a $600k PFAS TaaS contract in January 2022 AdEdge utilizing Chart’s flex
Slide 17: Founders' Commercially Ready Example Linking the Nexus of Clean
Founders’ Commercially Ready Example Linking the Nexus of Clean © 2022 Chart Industries, Inc. Confidential and Proprietary 17 Ultrapure water for green hydrogen generation
Slide 18: Specialty Products: Hydrogen – a Record Year in 2021
© 2022 Chart Industries, Inc. Confidential and Proprietary 18 Specialty Products: Hydrogen– a Record Year in 2021 H2 Orders $M Q1 2020 $4.2 Q2 2020 1.2 Q3 2020 9.2 Q4 2020 23.5 Q1 2021 71.2 Q2 2021 81.9 Q3 2021 43.6 Q4 2021 85.4 • Q4 2021 Hydrogen orders of $85.4 million brings full year 2021 hydrog
Slide 19: Hydrogen is Both Regional and Global
• Developing long-term hydrogen plan as part of energy strategy • Limited current / near- term commercialization • Government support • Large industrial gas investment in the region • Group Code is lengthy process • Gaseous still predominant yet traditional GH2 users are contemplating liquid investm
Slide 20: Cryo Tank Solutions: China Setting Records
Cryo Tank Solutions: China Setting Records © 2022 Chart Industries, Inc. Confidential and Proprietary 20 Chart China Set Numerous Records in 2021; Expected to Exceed Them in 2022 2021 Records Recent China Policy Supports Chart Growth • Full year 2021 orders • Full year 2021 sales • Full year operati
Slide 21: Repair, Service, Leasing: Leasing Continues to Grow
Repair, Service, Leasing: Leasing Continues to Grow © 2022 Chart Industries, Inc. Confidential and Proprietary 21 2019 2020 2021 Leasing Revenue Number of Assets In Fleet Number of Customers with Active Leases $1.1 million $1.6 million $48.9 million 58 118 137 Fleet Assets + Underway Additions to Fl
Slide 22: Heat Transfer Systems: Bullish on 2022 LNG
© 2022 Chart Industries, Inc. Confidential and Proprietary 22 Heat Transfer Systems: Bullish on 2022 LNG Over 120 opportunities in our commercial pipeline for Big LNG, regas and small-scale LNG, totaling over $2.2 billion Big LNG LNG infrastructureSmall-scale, BioLNG, Regas • Over $800 million of po
Slide 23: Full Year 2022 Outlook, Excluding BigLNG
© 2022 Chart Industries, Inc. Confidential and Proprietary 23 Full Year 2022 Outlook, Excluding BigLNG Revenue $1.7 billion to $1.85 billion Excluding any additional Big LNG revenue Non-Diluted Adjusted EPS $5.25 to $6.50 Assumes 19% ETR and 35.6M shares outstanding Capital Expenditures Approximatel
Slide 24: Historical and Expected 2022 Sales Trend by Quarter
Historical and Expected 2022 Sales Trend by Quarter 24 • First quarter of each year continues to be our lowest quarter of the year resulting from traditional timing of capital spend of customers and Chinese New Year • Our historical revenue timing has been stronger second and third quarters with com
Slide 25: Registration for GTLS Investor Day, May 5, 2022
Registration for GTLS Investor Day, May 5, 2022 25 • Date: May 5, 2022: 7:30am eastern to 11:30am eastern • Location: NYSE (NY, NY) • Register: https://investorday.chartindustries.com © 2022 Chart Industries, Inc. Confidential and Proprietary
Slide 26: Appendix
Appendix 26
Slide 27: Fourth Quarter and Full Year 2021 Adjusted EBITDA
© 2022 Chart Industries, Inc. Confidential and Proprietary 27 Fourth Quarter and Full Year 2021 Adjusted EBITDA (1) “EBITDA” and “Adjusted EBITDA” are not measures of financial performance under U.S. GAAP and should not be considered as an a lternative to net income in accordance with U.S. GAAP. Man
Slide 28: Segment Information
Segment Information Sales ($M, except %) Q4 ‘21 % Chg PQ % Chg PY FY 2021 % Chg PY Specialty Products 131.9 12.8% 55.0% 432.9 78.4% Cryo Tank Solutions 133.5 19.0% 20.8% 447.4 7.6% Repair, Service, Leasing 44.7 -3.5% 9.0% 187.0 18.1% Heat Transfer Systems 71.9 27.5% -8.9% 262.7 -29.0% Reported Op In
Slide 29: 2H 2021 Challenges & Actions (1/4)
2H 2021 Challenges & Actions (1/4) 29 # Challenge Specific Impact Examples Actions Taken Risk Level as of 9/30/2021 (as presented at Q3 2021 earnings call) Risk Level as of 12/31/2021 1 Material Cost As of 9/30/2021 as presented on Q3 2021 earnings call • Increases in key raw material costs since 6/
Slide 30: 2H 2021 Challenges & Actions (2/4)
2H 2021 Challenges & Actions (2/4) 30 # Challenge Specific Impact Examples Actions Taken Risk Level as of 9/30/2021 (as presented at Q3 2021 earnings call) Risk Level as of 12/31/2021 2 Supply Chain Disruption As of 9/30/2021 as presented on Q3 2021 earnings call; reiterating as of 12/31/2021 • Truc
Slide 31: 2H 2021 Challenges & Actions (3/4)
2H 2021 Challenges & Actions (3/4) # Challenge Specific Impact Examples Actions Taken Risk Level as of 9/30/2021 Risk Level as of 12/31/2021 4 Labor Availability & Cost including COVID-19 resurgence As of 9/30/2021 as presented on Q3 2021 earnings call: • From August 1 to September 30, average of 3.
Slide 32: 2H 2021 Challenges & Actions (4/4)
2H 2021 Challenges & Actions (4/4) # Challenge Specific Impact Examples Actions Taken Risk Level as of 9/30/2021 as presented on Q3 2021 earnings call Risk Level as of 12/31/2021 5 Weather Impacts As of 9/30/2021 as presented on Q3 2021 earnings call: • China typhoons disrupted shipping (end of July