NewFortress Energy 2Q23 Results
Executive Summary
Capital (8) invested to date translates to strong earnings
Adj. EBITDA(2)(6) expected to significantly increase as projects enter service(10) & capex(8) declines
~$7bn invested(8)
in core projects over
the past 5+ years
Adj. EBITDA (2) accelerates
from $33mm in 2020(²)
to $2.4bn in 2024(6)
...while Capex(8) declines
from $1.7bn in 2023(8) to
$250mm in 2024(⁹)
$mm
Adj. EBITDA(2)(6) growth and capex(8) decline expected.
as $3.2bn(8) of projects enter service(10) in 2H 2023(11)
$605
$33
2020 2021
$1,071
سانت
2022
$1,600
2023
(2) (6)
(6)
AEBITDA
$2,4006)
2024
$240
$2,410
2020
2021
$1,460
(9)
$1,660
$250
2022 2023 2024
■Capex (8)
Plan to finance construction on balance sheet, then refinance at the asset level once complete(10)
(9)
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