Excelerate Energy, Inc. · NYSE:EE
Excelerate Energy — Investor Presentation (April 2025)
27 slides from Excelerate Energy's investor presentation, April 2025
Slide 1: Investor Presentation April 2025
Investor Presentation April 2025
Slide 2: Disclaimers
Disclaimers Forward-Looking Statements ‘his contain fo within the ofthe Private Securities Act of 199538, in Section 27A ofthe Securities Act of 1933, as amended, and Section 71 ofthe Securities Exchange Act of 1984, 38 amended, about the Company and our industry tat involve substantial sks and Unce
Slide 3: Excelerate Energy is a Highly Contracted, Modestly Levered Infrastructure Credit
Excelerate Energy is a Highly Contracted, Modestly Levered Infrastructure Credit Key Pro Forma Highlights Excelerate Energy Pro Forma Company Overview ➢ Excelerate Energy ~10-years(1) The global leader in FSRUs and downstream LNG infrastructure with the world’s largest FSRU fleet weighted-average re
Slide 4: Company Overview
EXCELERATE ENERGY Company Overview
Slide 5: Excelerate Energy
Excelerate Energy The global leader in FSRUs and integrated downstream LNG infrastructure Note: Pro Forma operational data as of March 31, 2025. 1. Includes the operation of a chartered FSRU integrated with the Jamaica Assets. 2. Including Moheshkhali LNG, Northeast Gateway, Old Harbour, and Montego
Slide 6: Experienced Operator in Downstream Part of the LNG Value Chain
Experienced Operator in Downstream Part of the LNG Value Chain Upstream of Excelerate Exploration & Production Transportation Liquefaction Loading & Ocean Transport Excelerate’s Operations Excelerate Customers LNG FSRU Fixed Infrastructure Power Industrial Local Distribution Procurement (Terminals a
Slide 7: FSRUs and Integrated LNG Infrastructure Supply Global Markets
FSRUs and Integrated LNG Infrastructure Supply Global Markets Excelerate is helping countries around the world access cleaner, affordable and reliable energy FSRU: Floating Regasification Integrated LNG Terminals LNG Supply Optimization COST EFFECTIVE BUNDLED LNG INTERFACE EXPERTISE TIME EFFICIENT R
Slide 8: FSRU Long-Term, Take-or-Pay Contracts Drive Consistent Cash Flows
FSRU Long-Term, Take-or-Pay Contracts Drive Consistent Cash Flows FSRU Contract Overview(1) FSRU Contracts in Place • Excelerate typically enters into long-term, take-or-pay contracts for FSRU charters and integrated LNG terminals, Current Vessel: Expedient/Counterparty: UTE Escobar typically with 1
Slide 9: Establishing a Diversified LNG Supply Portfolio
Establishing a Diversified LNG QATAR ENERGY & Supply Portfolio PETROBANGLA 15-year SPA to buy up to 1 MTPA of LNG from QatarEnergy to sell to Petrobangla in Bangladesh starting in 2026 20-year SPA to buy 0.7 MTPA of • Complements core regasification business and flexible Venture Global volumes to en
Slide 10: Jamaica Assets
Jeol Jamaica Assets
Slide 11: Transaction Summary
Transaction Summary • Purchase price of $1.055 billion, payable in cash Purchase Price » No assumed debt • Montego Bay LNG Terminal – Regasification & LNG Storage and Distribution Facility Assets and Operations • Old Harbour LNG Terminal – LNG Storage, Regasification & Natural Gas Import Facility Ac
Slide 12: Acquisition of Jamaica Business Fully Aligned with Growth Strategy
Excelerate Energy’s Acquisition of Jamaica Business Fully Aligned with Growth Strategy Ownership of acquired terminals and Immediately accretive to earnings per downstream infrastructure will enhance share and significantly enhances long-term contract revenue and margins operating cash flow Acquired
Slide 13: Jamaica Business Overview
Jamaica Business Overview Storage & Distribution Owned Direct Pipeline Clarendon CHP Plant Total Jamica Electricity Contract Owned Truck Transportation Generation by Fuel Type(1) Type(2) Provides critical LNG Caribbean's first heat 14% 14% to local, industrial and power plant customers 33% Local ~4,
Slide 14: Investment Highlights
Investment Highlights Complements Excelerate’s operational expertise while enhancing our contract profile and growth strategy 1 Fully Integrated Downstream LNG Import and Power Infrastructure with High Barriers to Entry 2 Long-Term Contracted Assets with High-Quality Customers 3 Provider of “Last-Mi
Slide 15: Fully Integrated Downstream LNG Import and Power Infrastructure with High Barriers to Entry
1 Fully Integrated Downstream LNG Import and Power Infrastructure with High Barriers to Entry One of four gas-fired power plants in Jamaica, LNG import infrastructure located in a key providing essential power to Jamaican grid & Atlantic Basin natural gas market steam to Jamalco Alumina Refinery Jam
Slide 16: Long-Term Contracted Assets with High-Quality Customers
2 Long-Term Contracted Assets with High-Quality Customers Infrastructure-like contract profile with attractive long-term offtake tenor and robust recontracting opportunities No Material Expirations Until 2038 ~13 Years of Weighted Average Contract Life, ~21 Years Including Extensions(1) Old Harbour/
Slide 17: Provider of Last-Mile LNG Infrastructure in a Desirable Atlantic Basin Market
3 Provider of “Last-Mile” LNG Infrastructure in a Desirable Atlantic Basin Natural Gas Market Diversifies Geographic and Operational Exposure with position in a desirable Atlantic Basin natural gas market with access to abundant Gulf Coast LNG supply sources Complements Excelerate’s Existing LNG Sup
Slide 18: Pipeline of Potential Growth Opportunities
4 Pipeline of Potential Growth Opportunities LNG Bunkering • Potential to use existing infrastructure and assets to service additional commercial ships in high- traffic location • Expanding fleet of LNG vessels with strong demand for long-term contracts • Currently bunkering on a spot basis, allowin
Slide 19: Key Credit Highlights
EXCELERATE ENERGY Key Credit Highlights
Slide 20: Pro Forma Credit Highlights
Pro Forma Credit Highlights 1 • Nearly two decades of development, construction and operational experience Experienced, Full-Service LNG • Completed more than 3,000+ ship-to-ship transfers of LNG with over 50 LNG operators Operator with Integrated • Safely delivered over 7,300+ Bcf of regasified LNG
Slide 21: Pro Forma Cash Flows Supported by Long Term Take-or-Pay Contracts
Pro Forma Cash Flows Supported by Long Term Take-or-Pay Contracts Predictability of earnings directly correlated to continuous cash collections on all major contracts ✓ ~10-year pro forma weighted average contract life (~14 years including Jamaica contract extensions)(1) Contracted > 90% ✓ 10 FSRUs
Slide 22: Dominant FSRU Market Share Supported by Higher Barriers to Entry
Dominant FSRU Market Share Supported by Higher Barriers to Entry Excelerate employs the largest purpose-built FSRU fleet in the industry capable of vaporizing LNG, delivering natural gas through offshore and near-shore facilities, and transporting LNG FSRU Fleet Development by Owners FSRU Landscape
Slide 23: Diversified Revenue Footprint Across Geographies
Diversified Revenue Footprint Across Geographies FY 2024 Geographic Diversity (Standalone Excelerate Excluding Jamaica Assets) Latin America, 25% Asia, 38% Revenue Other, 4% Middle East, 18% Europe, 13% 19
Slide 24: Public Company with Conservative Underwriting Practices
Public Company with Conservative Underwriting Practices (Historical Standalone Excelerate) Adjusted EBITDA(1) Operating Cash Flow $347 $348 $296 $244 $225 $232 Net Leverage(2) Interest Coverage(3) 5.7x 5.0x 5.2x .6x .5x .4x 1. Non-GAAP financial measure. See appendix for reconciliation of GAAP to no
Slide 25: Appendix
EXCELERATE ENERGY Appendix
Slide 26: Reconciliation of Non-GAAP Metrics
Reconciliation of Non-GAAP Metrics Full Year Adjusted EBITDA Reconciliation $153.0 $126.8 $80.0 61.0 67.0 59.5 26.1 28.3 98.9 97.3 1.9 1.9 1.6 - 6.9 7.3 1.0 - - 21.8 $348.2 $346.8 $296.4 21
Slide 27: WY) EXCELERATE
WY) EXCELERATE J ENERGY
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