NewFortress Energy Investor Update

Endnotes (15) "Project Costs" means management's internal estimates of the costs of development and construction of projects from current state through commercial operations. These costs do not include all costs included in generally accepted accounting principles and should not be relied upon for any reason. Our project costs are based on internal evaluations, and refer to completing certain stages of projects within a timeframe and within a spectrum of budget parameters that, when taken as a whole, are substantially consistent with our business model. (16) Based on information from the United States Environmental Protection Agency Inventory of U.S. Greenhouse Gas Emissions and Sinks, information available at https://www.epa.gov/ghgemissions/inventory-us-greenhouse-gas-emissions-and-sinks. (17) This slide reflects management's expectations regarding the funding of the committed expenditures reflected. The estimated expenditures, including those related to project costs, are not based on generally accepted accounting principles and should not be relied upon for any reason. There is no guarantee that we will reach our goals for funding the estimated expenditures and actual results may differ from our expectations. Please see our note regarding "Forward-Looking Statements" in the slide labelled "Disclaimer" to this Presentation for more information. (18) This assumes that the Hygo acquisition has closed and that we own these assets. There can be no assurance that closing will be attained within the timeline that we expect or at all. This further reflects management's internal estimates of the potential value of Jamalco, Nanook and Sergipe if sold to a third party but managed by us following such sale. There can be no assurance that we will sell at our estimated price or at all, or that we would manage these assets after any such sale on terms favorable to us or at all. There is also no guarantee that we would be willing or able to redeploy capital in businesses, terminals or facilities that would result in higher margins or growth for us in the future. (19) Brazil's population is based on information from the International Monetary Fund. Please see https://www.imf.org/en/Countries/BRA. Information about the natural gas demand, LNG imports as a percentage of the gas market, Bolivian gas imports, and the biggest customers of in Brazil are based on the report "Brazil's Nascent Natural Gas Market" prepared by Itau BBA on November 5, 2020. (20) We have agreed to this purchase under a memorandum of understanding which is subject to the execution of a definitive sale and purchase agreement and final approval from the counterparty's Board of Directors. There can be no assurance that we will execute final definitive documents on terms that are favorable to us or at all. (21) Our portfolio needs reflect management's current estimate of our needs for ships based on our current Operations or planned operations for projects In Development. Our needs for ships may change and we may require more or fewer ships than we currently estimate. In addition, there is a risk that the ships that would be acquired as a result of the Hygo acquisition or the GMLP acquisition do not meet the operational needs of the projects as we expect. 33

View entire presentation