NewFortress Energy 2Q23 Results

(in thousands of U.S. dollars) Net income Add: Interest expense Add: Tax provision (benefit) Add: Contract termination charges and loss on mitigation sales Add: Depreciation and amortization Add: Asset impairment expense Add: SG&A items excluded from Core SG&A Add: Transaction and integration costs Add: Other (income) expense, net Add: Changes in fair value of non-hedge derivative instruments and contingent consideration Add: Loss on extinguishment of debt, net Add: Pro rata share of Adjusted EBITDA from unconsolidated entities Less: Loss (income) from equity method investments Add: Contract acquisition cost Adjusted EBITDA (non-GAAP) Adjusted EBITDA FY 2016 $(32,926) 5,105 (361) 2,341 I (53) 1,177 Appendix $(24,717) FY 2017 $(31,671) 6,456 526 2,761 1 I I (301) T $(22,229) FY 2018 $(78,076) 11,248 (338) 3,321 T I T (784) 9,568 $(55,061) FY 2019 $(204,319) 19,412 439 5,280 7,940 58,789 (2,807) $(115,266) FY 2020 $(263,965) 65,723 4,817 124,114 32,376 28,162 4,028 5,005 33,062 $33,322 FY 2021 $92,711 154,324 12,461 98,377 62,737 44,671 (17,150) 2,788 10,975 157,109 (14,443) $604,560 FY 2022 $184,786 236,861 (123,439) 142,640 50,659 61,640 21,796 (48,044) (103,490) 14,997 160,684 472,219 $1,071,309 29

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