NewFortress Energy Results Presentation Deck
Endnotes
(24) "Availability" means the percentage of time the NFE facility is operable less NFE planned downtime for our Montego Bay Facility, Miami Facility, Old Harbour Facility and San Juan Facility
year to date through July 29, 2020. There can be no assurance that other facilities, future facilities or the same facilities over a different timeframe will achieve similar results and actual results
could differ materially from previous results. The results of any particular facility are not representative of the results of facilities as a whole, and as our operating history is limited, past
performance is not a reliable indicator of future results and should not be relied upon for any reason.
(25) "Reliability" means the percentage of time the NFE facility is operable less planned or unplanned NFE downtime for our Montego Bay Facility, Miami Facility, Old Harbour Facility and San
Juan Facility year to date through July 29, 2020. There can be no assurance that other facilities, future facilities or the same facilities over a different timeframe will achieve similar results and
actual results could differ materially from previous results. The results of any particular facility are not representative of the results of facilities as a whole, and as our operating history is limited,
past performance is not a reliable indicator of future results and should not be relied upon for any reason.
(26) These metrics reflect our entire operating history through June 30, 2020. These metrics are tracked by management through formal reporting systems and informal information gathering.
There can be no assurance that we will achieve similar results in the future and future results could differ materially from previous results. The results of any particular facility are not
representative of the results of facilities as a whole, and as our operating history is limited, past performance is not a reliable indicator of future results and should not be relied upon for any
reason.
(27) Our project timelines and costs are based on internal evaluations, and refer to 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. We do not have development or operational experience with the ISO Flex System and we can make no assurance
that it will reduce project timelines or costs.
(28) "Est. Costs of Construction" means management's internal estimates of construction and development costs related to the ISO Flex System and without the ISO Flex System, including costs
related to the marine, regasification, truck loading, power and transportation infrastructure. These osts do not include all costs included in generally accepted accounting principles and should
not be relied upon for any reason.
(29) "Est. Costs of Operation" means management's internal estimates of operational costs related to the ISO Flex System and without the ISO Flex System, including costs related to the marine,
truck loading, power and transportation operations. These costs do not include all costs included in generally accepted accounting principles and should not be relied upon for any reason.
(30) Based on power prices in Mexico from CENACE.
(31) "First Gas" means the date on which (or, for future dates, management's current estimate of the date on which) natural gas is first made available to our projects, including our facilities in
development. Full commercial operations of such projects will occur later than, and may occur substantially later than, the First Gas date. We cannot assure you if or when such projects will reach
the date of delivery of First Gas, or full commercial operations. Actual results could differ materially from the illustration and there can be no assurance we will achieve our goal.
(32) Based on management's estimates of permitting preparation, submission and approval timeline. There can be no assurance that we will achieve our goal.
(33) Additional design and drawings are required for submission of permits and construction.
38View entire presentation