NewFortress Energy Results Presentation Deck
Disclaimers
IN GENERAL. This disclaimer applies to this document and the verbal or written comments of any person presenting it. This document, taken together with any such verbal or written comments, is
referred to herein as the "Presentation."
FORWARD-LOOKING STATEMENTS. Certain statements regarding New Fortress Energy LLC (together with its subsidiaries, "New Fortress Energy," "NFE," the "Company," "we" or "us") in this
Presentation may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these forward-looking statements by the use of
forward-looking words such as "outlook," "believes," "expects," "by," "converts" "approaches" "nearly" "potential," "continues," "may," "will," "should," "could," "seeks," "approximately," "predicts,"
"intends," "plans," "estimates," "anticipates," "target," "goal," "projects," "contemplates" or the negative version of those words or other comparable words. Any forward-looking statements
contained in this presentation, including statements regarding the expected development schedule and timing of specific milestones for our downstream and other facilities, including First Gas
and other milestones, the expected volumes that we will sell based on our Committed volumes or other illustrative models, our expectations about new technology solutions and projects with
respect to project cost and timeline, our ability to convert from non-binding memorandums of understanding to binding commitments, the expected capabilities of our development projects once
completed, our illustrations of our goals for Operating Margin and Volumes at particular points and on a run rate and annualized basis, the timing of our downstream facilities coming online and
the timing of related volumes reaching Run Rate, our plans and business strategy for specific industries, types of power users and geographies, our goals for business and developments in the
future (including but not limited to, our plans to convert to a corporation, our liquidity and financing plans, including our plans to refinance, lower our interest rate, decrease our leverage ratio and
increase our borrowing capacity), our intentions to consider dividends or otherwise make use of capital or free cash flow, our consideration of a dividend with our Board of Directors, our market
assumptions including those regarding the cost of our shipping, logistics and regasification activities, and the pricing of LNG, natural gas and other alternative fuels, our financing plans and our
plans to be rated by a credit rating agency to facilitate those financing plans, our Company's equity value and equity value per share, are based upon our limited historical performance and on our
current plans, estimates and expectations in light of information (including industry data) currently available to us. The inclusion of this forward-looking information should not be regarded as a
representation by the Company or any other person that the future plans, estimates or expectations contemplated by us will be achieved. These statements are subject to a number of factors that
could cause actual results to differ materially from those described in the forward-looking statements, many of which are beyond our control. NFE can give no assurance that its expectations
regarding any forward-looking statements will be attained. Accordingly, you should not place undue reliance on any forward-looking statements made in this Presentation. Factors that could
cause or contribute to such differences include, but are not limited to, the risk that our construction or commissioning schedules will take longer than we expect, that our expectations about the
price at which we sell LNG, the cost at which we produce, ship and deliver LNG and the margin that we receive for the LNG that we sell are not in line with our expectations, that our operating or
other costs will increase, or our expected remaining costs for development projects underway increases, such that our expected of funding of projects may not be possible, that we may not realize
the benefits of converting from a limited liability company to a corporation or be included in major indices as a result, that our expected financing based on our current or future corporate or debt
ratings, cash flows of existing or future projects may not be achievable by us on commercially favorable terms or at all, that we may not achieve our goals with respect to free cash flow or may
otherwise be unwilling or unable to declare dividends, that we may be unable to agree on terms for projects for which MOUs have been signed on favorable terms or at all, that we may not have
our Credit Facility or Company rated at the rating that we expect or at all, that the novel coronavirus and its impact on the economy and travel will negatively impact our ability to do business,
develop projects or finance projects, that we may be unwilling or unable to make Commitments to new projects for internal, external, financing, or any other reason, that we may be unable to
implement our plans and business strategy in the way that we expect. For a discussion of some of the risks and important factors that could affect such forward-looking statements, see the sections
entitled "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in the Company's previous public filings with the U.S. Securities and Exchange
Commission (the "SEC"), which will be made available on the Company's website (www.newfortressenergy.com). In addition, new risks and uncertainties emerge from time to time, and it is not
possible for the Company to predict or assess the impact of every factor that may cause its actual results to differ from those contained in any forward-looking statements. Such forward-looking
statements speak only as of the date of this Presentation. NFE expressly disclaims any obligation to release publicly any updates or revisions to any forward-looking statements contained herein to
reflect any change in the Company's expectations with regard thereto or change in events, conditions or circumstances on which any statement is based.
upon for any reason.
PAST PERFORMANCE. Our operating history is limited and our past performance is not a reliable indicator of future results and should not be relied
ILLUSTRATIVE ECONOMICS: Illustrative economics (including of Annualized and Committed Operating Margin) are hypothetical value based on specified assumptions that are aspirational in
nature rather than management's view of projected financial results. Actual results could differ materially and the hypothetical assumptions on which this illustrative data is based are subject to
numerous risks and uncertainties, including particular risks and uncertainties introduced due to the novel coronavirus and its broad and ongoing impact on the worldwide economy.
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