NewFortress Energy Results Presentation Deck slide image

NewFortress Energy Results Presentation Deck

Executive Summary Corporate Actions: Gas Supply & Debt Rating ● 3 Cancelled 2020 LNG supply contracts Paid $105mm to cancel remaining 2020 cargoes - can now purchase cheaper supply Have 8 cargoes to backfill with a bar of $2.94/MMBtu to breakeven(10) Purchased two cargoes at $1.92/MMBtu and $1.85/MMBtu, respectively(11) We've already made ~$6mm on the swap, expect to net +$15-$25mm overal|(12) ● ● 4 Received debt rating Received rating of B+/B1 on existing facility Begins process to Investment Grade rating(13) Allows for refinancing at lower interest rates(13) 8
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