{ "docId": "019de518-1e9e-7594-a01b-3fc1e40e590d", "docSlug": "392237a5ca881c89899d03726f0a3b1b", "documentTitle": "NewFortress Energy | Results Presentation Deck | 48 slides", "authorId": "newfortress-energy", "authorName": "NewFortress Energy", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "investor_relations", "sourceTypeLabel": "Investor relations", "presentationDate": "2024-02-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.7777778, "pageNumber": 47, "pageCount": 48, "prevPage": 46, "nextPage": 48, "slideType": "appendix", "function": "appendix", "density": "dense", "nDataPoints": 3, "notes": null, "elementsJson": null, "metadataConfidence": 1, "imagePath": null, "slideHref": "/slides/019de518-1e9e-7594-a01b-3fc1e40e590d/47", "deckHref": "/decks/019de518-1e9e-7594-a01b-3fc1e40e590d", "deckJsonHref": "/decks/019de518-1e9e-7594-a01b-3fc1e40e590d.json", "deckAnchorHref": "/decks/019de518-1e9e-7594-a01b-3fc1e40e590d#slide-47", "components": [ { "bbox": { "h": 0.80833, "w": 0.90833, "x": 0.045, "y": 0.1125 }, "kind": "list", "text": "14. \"Downstream\" or \"contracted downstream\" or \"contracted terminals\" represents all our earnings, revenues and all other financial metrics, including assets, related to our Terminals and Infrastructure Segment, excluding cargo sales and certain derivative transactions that we believe are associated with cargo sales.\n15. \"Completed\", \"Placed into service\" or \"commercial operation date\", \"Deployment\" or similar statuses (either capitalized or lower case) with respect to a particular project means we expect gas to be made available in the near future, gas has been made available to the relevant project, or that the relevant project is in full commercial operations. Where gas is going to be made available or has been made available but full commercial operations have not yet begun, full commercial operations will occur later than, and may occur substantially later than, our reported Operational, Completion or Deployment date, and we may not generate any revenue until full commercial operations have begun. We cannot assure you if or when such projects will reach full commercial operation. Our ability to export liquefied natural gas depends on our ability to obtain export and other permits from governmental and regulatory agencies. No assurance can be given that we will receive required permits, approvals and authorizations from governmental and regulatory agencies in connection with the exportation of liquefied natural gas on a timely basis or at all or that, once received, we will be able to maintain in full force and effect, renew or replace such permits, approvals and authorizations.\n16. The Company has entered into a definitive agreement to acquire a 1.6 GW Capacity Reserve Contract (\"PortoCem PPA\" or \"PPA\") from Ceiba Energy, a portfolio company of Denham Capital, in exchange for newly issued $125 million of NFE redeemable Series A Convertible Preferred Stock. The acquisition remains subject to various customary conditions to closing, including regulatory approvals, and the Company can make no assurance that the acquisition will be completed.\n17. \"First Gas\" or \"First LNG\" or \"First Cargo\" refers to the date on which (or, for future dates, management's current estimate of the date on which) natural gas, LNG or cargo sales are expected for a project, including a facility in development. Full commercial operation of such project will occur later than, and may occur substantially later than, the date of first gas or first LNG. We cannot assure you if or when such projects will reach the date of delivery of first gas, LNG or Cargo, or full commercial operations.\n18. The Company has signed a commitment letter to enter into a $700 million term loan to complete construction of the Second FLNG unit onshore Altamira. Closing of the financing is subject to the finalization of a credit agreement and the satisfaction of customary closing conditions, and the Company can make no assurance that the financing will be completed.\n19. Based on management's expectations related to among other things, the closing of the planned financing on acceptable terms, the Company's (i) investment in the project to date and (ii) the Company's estimate of the future costs of the project. Total expenses of the project could differ materially from the assumptions and there can be no assurance that the project will need additional capital from the Company or additional lenders.\n20. Lead times and expected development times used in this Presentation indicate our internal evaluations of a project's expected timeline. They refer to us completing certain stages of projects within a timeframe and within a spectrum of budget parameters that, when taken as a whole, are substantially consistent with our business model. These timeframes include assumptions regarding items that are outside our control, including permitting, weather, supply of equipment and materials, and other potential sources of delay. To the extent that projects have not yet started or are currently under development, we can make no assurance that such projects are on track within the timeline parameters we establish. Additionally, the construction of facilities is inherently subject to the risks of cost overruns and delays. If we are unable to construct, commission, complete and operate any of our facilities as expected, or, when and if constructed, any of them do not accomplish our goals, estimates regarding timelines, budget and savings could be materially and adversely affected.\n21. \"Gross capex\" includes all cash payments to vendors in such period related to new projects or projects Under Development excluding capitalized interest. Investors are encouraged to review the related GAAP financial measures, and not to rely on any single financial measure to evaluate our business. Capex, gross capex, net capex and capital investment or similar metrics are not measurements under GAAP.\n22. Illustrative Gross Capex Goal reflects management's goal for total expected cash payments to vendors in such period related to new projects or projects Under Development excluding any remaining capex related to FLNG 1 as it has achieved First Gas, and FLNG 3, 4, and 5 which we will look to fund through debt financing or partnership.\n23. Represents management's goal for financings that will be used to fund capital expenditures at new and existing projects. Certain of these financings have not closed and the Company can make no assurance that the financings will be completed.\n24. \"Net capex\" includes all cash payments in such period related to new projects or projects Under Development less cash proceeds received by the Company for related asset sales or direct asset financings.\n25. Illustrative Net Capex Goal is calculated by subtracting Illustrative Financings Goal from Illustrative Gross Capex Goal. Investors are encouraged to review the related GAAP financial measures, and not to rely on any single financial measure to evaluate our business.\n26. GW means 1 billion watts. 8.7GW is based on management's estimate of the maximum amount of GW of power that the Company either owns, manages or supplies.", "attrs": null, "subkind": "numbered", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "f8548b6f-4d4b-40ad-bf9c-7d0d5df7d3b1", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.01667, "w": 0.025, "x": 0.94917, "y": 0.94917 }, "kind": "source-note", "text": "47", "attrs": null, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "a53c78dd-b791-4f17-926a-87268c06218d", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.025, "w": 0.11833, "x": 0.44083, "y": 0.05083 }, "kind": "title", "text": "Endnotes", "attrs": null, "subkind": "headline", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "9a80b288-eafb-424b-95a8-44e27d0fb990", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [], "frameworks": [], "arcBeats": [ { "to": 48, "from": 31, "beatId": "1d710629-5899-4311-9b37-d056b667d77f", "arcName": "Monroe's Motivated Sequence", "arcSlug": "monroes-sequence", "beatName": "Action", "beatSlug": "monroes-sequence-action", "evidence": "The company outlines its future plans and growth opportunities", "position": 3, "confidence": 0.8, "parentBeatName": "Resolution", "parentBeatSlug": "resolution" } ], "loops": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }