NewFortress Energy Investor Update slide image

NewFortress Energy Investor Update

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 Inc. (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 acquisition of Hygo Energy Transition Ltd. ("Hygo"), the 288 MW of PPAs ("Suape"), or Golar LNG Partners LP ("GMLP"), including the expected timing and conditions of closing, our expected financing of each acquisition; our goal to develop 15-20 terminals by YE 2021; our expectation that the Brazil terminals will increase our addressable market; each project's or company's development schedule, the expected volumes that we will sell and the revenue or Operating Margin of each company or the combined companies that we illustrate in this Presentation; NFE's ability to execute on the currently Operational and In Development assets of the companies we plan to acquire; the expected capabilities of our projects once Completed; the timing of our downstream facilities coming online and becoming fully operational, expected business and developments in the future (including but not limited to, our liquidity and financing plans and expected borrowing capacity); our expectations for the equity value in certain assets and our ability to redeploy capital; our market assumptions including those regarding the cost of shipping (including owning and leasing), logistics and regasification activities, and the pricing of LNG, natural gas and other alternative fuels, 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 the proposed transactions with each of Hygo, Suape and GMLP may not be completed in a timely manner or at all; GMLP's ability to receive, on a timely basis or otherwise, the required approval of the proposed GMLP Transaction with NFE by GMLP's common unitholders; the possibility that competing offers or acquisition proposals for GMLP will be made; the possibility that any or all of the various conditions to the consummation of the acquisitions may not be satisfied or waived, including the failure to receive any required regulatory approvals from any applicable governmental entities (or any conditions, limitations or restrictions placed on such approvals); the effect of the announcement or pendency of the transactions contemplated by each of the applicable merger agreements or NFE's, Hygo's and GMLP's ability to retain and hire key personnel, their ability to maintain relationships with their respective customers, suppliers and others with whom they do business, and their operating results and business generally; the possibility that long-term financing for the proposed transactions may not be available on favorable terms, or at all; NFE's ability to enter into agreements to develop or acquire terminals on the timeline that we anticipate or on terms that are favorable to us if at all; NFE's ability to integrate the acquired assets and operations with its existing assets and operations and to realize anticipated cost savings and other efficiencies and benefits; the risk that the Brazil market is saturated or that NFE is unable to enter it in on the pace or under the terms that it expects; NFE may be unable to sell or manage certain assets on terms favorable to us or at all; our development schedules will take longer than we expect; the impacts of the novel coronavirus pandemic on our and our customers' demand or customers' and suppliers' operations and financial status, including our supply chains and development projects; the price at which we sell LNG or charter ships, the cost at which we or the combined companies produce, ship and deliver LNG or provide ship charters or other ship services, and the margin that we or the combined companies receive for the LNG and charters which bring us revenue are not in line with our expectations, that our operating or other costs will increase (including of owning and leasing ships); or our expected remaining costs for development projects underway increases. 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. PAST PERFORMANCE. Our operating history is limited and our past performance is not a reliable indicator of future results and should not be relied upon for any reason. -ILLUSTRATIVE ECONOMICS: Illustrative economics (including of 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. 29
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