NewFortress Energy Investor Update
Executive Summary
Announced 3 separate transactions for $5.1 bn equivalent enterprise value(1)
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Acquiring Hygo Energy Transition Ltd.
Private LNG-to-power business
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3 terminals & power plants in Brazil(2)
Suape Terminal
Purchasing 288MW of PPAs in Brazil(4)
Moving PPAs to Suape port
Developing terminal & power plant
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Includes country's largest thermal power plant
Includes 3 FSRUS(³)
Currently a 50/50 JV between Golar LNG Ltd. & Stonepeak
Infrastructure Partners
Acquiring Golar LNG Partners LP
Publicly traded MLP
6 FSRUS, 4 LNGCs, 1 FLNG
Owned 32% by Golar LNG Ltd.
Adds 4
terminals
to our
portfolio
$2.18bn for 100% of Hygo
$580mm cash
$1.6bn of NFE shares
Leave current asset-level debt in place
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Consideration
$1.5bn for 100% of GMLP
All cash
Assume FLNG debt of $389mm &
$138mm preferred equity
Refinance remaining debt of $1.4bn
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Approximately ~$5 billion enterprise
value; expected closing in 1-4 months(5)
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